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			'id' => '1968',
			'article_category_id' => '42',
			'title' => 'Investors Welcome Quarterly Report',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<strong>--By Bikram Chitrakar</strong></div>
<div>
	&nbsp;</div>
<div>
	<img alt="Sectors" src="/userfiles/images/sector%20(Copy).jpg" style="float: right; margin: 0px 0px 0px 10px; width: 300px; height: 916px;" />The secondary market of Nepal placed itself in greener terrain as investors welcomed a healthy quarterly report from listed companies. The benchmark Nepse index moved higher by 27.02 points or 5.04 per cent to rest at 536.38 while the highest index was reached on 31 July with 547.61 and lowest on 16 July with 509.36.</div>
<div>
	&nbsp;</div>
<div>
	Healthy fourth-quarterly financial reports of many listed companies have stepped up capital market heat as share prices surged after positive reports in expectation of better returns. Interest rates from different financial institutions perfectly blend with investors&rsquo; confidence and growth in transaction.</div>
<div>
	&nbsp;</div>
<div>
	Announcement of the budget on time and emphasis on monetary policies to increase the capital base of Banking and Financial Institutions within a year has further opened the way for mergers, right shares and bonus shares of many institutions. The insurance sector was boosted initially with the news of increasing capital requirements, as was the banking sector.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Investors were keen to purchase stocks of select institutions that are likely to go for mergers. This has been noticed in the trading session, irrespective of the insititutions&rsquo; financial soundness. Total volume improved due to these. However, the volume gain was trimmed off with the news of promoters floating their shares to the public through the conversion process.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Additionally, the market has picked up with a healthy performance of financial institutions, insurance and hydropower companies although a few stagnant periods for profit-booking were also there. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 14px;"><strong>Performance by Major Sectors</strong></span></div>
<div>
	During the review period, it was seen that the insurance sector escalated by a lofty 235.47 points or 20.01 per cent to rest at 1177.03. Similarly, the hydropower sector went up by 141.45 points to close at 1203.45. Commercial banks added 18.77 points followed by 17.18 points up in development banks. Others sectors gained 11.75 points or 1.81 per cent to rest at 648.54 while the manufacturing sector inclined 10.11 points to 878.83. The hospitality sector, however, descended by 13.08 points or 2.02 per cent to settle&nbsp;</div>
<div>
	at 646.23.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Sensitive index measuring the performance of 120 blue chips scrip at the secondary market went uphill by 5.47 points or 4.11 per cent to 133.18 while, the float index calculated on the basis of real transaction ascended by 2.09 points or 5.55 per cent to 37.65. A total turnover of Rs. 3,246,999,238 was realised during the review period from 11,009,397 units of share trade via 38,657 transactions.</div>
<div>
	&nbsp;</div>
<div>
	The accompanying figure shows the sector-wise distribution based on total volume of trade where the commercial banking sector dominated by covering 63.01 per cent of total trade. The insurance sector accounted for 15.66 per cent, the hydropower sector occupied 10.16 per cent and remaining sectors made up for the rest.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Technically, the Simple Moving Average (SMA) is dominated by the Nepse index. However, the key resistance area near the level of 530 shows some tight level for new direction.</div>
<div>
	(Chitrakar is a Stock Analyst with Jamb Technologies Pvt Ltd.)</div>',
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			'description' => 'A healthy fourth-quarterly report brings good tidings for financial markets and major sectors of the economy',
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			'id' => '1965',
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			'title' => 'A Survival Story',
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			'summary' => null,
			'content' => '<div>
	<strong><img alt="Anup B Malla" src="/userfiles/images/malla%20(Copy).jpg" style="float: right; margin: 0px 0px 0px 10px;width: 300px; height: 420px;" /></strong></div>
<div>
	&nbsp;</div>
<div>
	Anup B Malla, Chairman of Nepal Kangri Carpet Industry (P) Ltd and President of Nepal Carpet Exporters&rsquo; Association is one of the oldest players in the carpet business of Nepal. Malla has dedicated three decades of his life for the promotion of carpet export from Nepal. Malla, who is also the Chairperson of FNCCI&rsquo;s Export Promotion Committee, says he has survived through the hardest times in the carpet business.</div>
<div>
	&nbsp;</div>
<div>
	In his starting days, Malla didn&rsquo;t have dreams of being in business. As a student of science, he had plans of becoming an engineer. To pursue his dream, he went to Pune to study engineering, but unfortunately had to return back within three months. &ldquo;My mother was diagnosed with liver cancer. The news came to me as a shock, and I had to return to look after the family as I was the only son,&rdquo; recollects Malla.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	After his return, his life took a different turn. As carpet business was booming in those days, his father opened a carpet factory for him, and he got involved in the business from the year 1984. Prior to this, Malla hadn&rsquo;t taken any responsibilities for his family, and it was quite tough for him in the start. &ldquo;It was hard for me, but I had to do it for my family. The factory I started from was quite a small one, with 22 looms and around 90 employees,&rdquo; remembers Malla.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Rise of Business</strong></span></div>
<div>
	Soon, Malla started learning about the business, and saw tremendous prospects in it. The industry was in a primitive stage back then, and all the processes of manufacturing were done manually. &nbsp;He supplied the carpets to local exporters who then exported them to countries like Germany, Holland, France and England among others. He wanted to export directly to Europe, and started to get completely involved in his business.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	In 1986, Malla met with an official from Eastern Kayam OCM, a London based carpet exporter. He received orders from the company and stared directly exporting the carpets. At that time, he was exporting around 200-300 square metres of carpet a month. The carpets he exported were branded by the company as Kangri Carpet, and then he also renamed his company as Nepal Kangri Carpet Industry in 1991. &nbsp; &nbsp;&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Though he was satisfied from his exports, Malla wanted to expand his business. His big break came in the year 1989 when he went to participate in Germany&rsquo;s biggest carpet and floor covering fare, Domotex. It was Malla&rsquo;s first time abroad, and first time in an aeroplane. When was in the Fare, he realized that the demand for Nepali carpets was tremendous in the European market. He had taken with him a few photographs of his products, and two small carpets for demonstration. He was very well received in the Fare, and the two carpets that he had taken sold as hot cakes.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	He received numerous enquiries about his products and production capacity. To his surprise, he received an order for producing 2700 square metres of carpet, which was worth 200,000 US Dollars at that time.</div>
<div>
	&nbsp;</div>
<div>
	Happy with the order, he returned back and increased the capacity of his industry. In the year 1993, his company was among the top ten carpet exporters. Malla then regularly participated in Domotex, and had many customers. When the business was on peak, his industry exported 125,000 square metres of carpet in a year. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong><img alt="Anup B Malla" src="/userfiles/images/malla1%20(Copy).jpg" style="float: left; margin: 0px 10px 0px 0px;width: 300px; height: 544px;" />Downfall and Survival</strong></span></div>
<div>
	What goes up must come down, and same proved to be true for the Nepali carpet business. Around the year 1995, the demand for Nepali carpets started to decline. According to Malla, this was chiefly because Nepali manufacturers compromised in the quality of the carpets. Also, Indian imitation carpets were flooding the European market. There were also the issues of child labour and toxic dyes used in carpets. All of these contributed the downfall of Nepali carpet industry. To worsen the situation, the country was hit by the armed conflict, power crisis and strikes. &ldquo;Around the year 1993/94, the carpet business went down, and hasn&rsquo;t gained the momentum till today. The exports are going down every year,&rdquo; says Malla.</div>
<div>
	&nbsp;</div>
<div>
	Owing to the decline in exports, many companies shut down and there were no new players in the market. Ordinary carpets were no more in demand, and the importers wanted new designs, and very high quality products. &ldquo;. It was the time for research and development, and tie to employ new advanced technologies. The situation called for a drastic change in the carpet manufacturing sector. It was survival of the fittest,&rdquo; recalls Malla. &nbsp;Determined to continue with his business, Malla paid more attention to the demands. The market now has demands for better quality products, with new designs and new colours and new trend.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Malla tried his best to change with the changing times, and survived when it very tough. At present, Kangri Carpet Industry exports around ten to twelve thousand square metres of carpet a year. Last year, his company exported to 10,000 square metres of carpet. &ldquo;The capacity of our industry is much more than this, but it&rsquo;s hard to predict the market these days, so we produce in moderation,&rdquo; says Malla.</div>
<div>
	&nbsp;</div>
<div>
	Malla believes himself to be a survivor who made it through the toughest of times.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Early Life</strong></span></div>
<div>
	Malla was born in Sinamangal of Kathmandu in 2022 BS to Govinda Bahadur Malla and Malla Keshar Kumari Malla. Malla says he grew up in a very protective and possessive family as he was born after six sisters. He went to Bhanubhakta Memorial School for his primary education and passed his SLC from Demonstration Multipurpose School (DMPS).&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Malla married Suchita Malla in the year 2049 BS. His mother has passed away just a year ago, and was pressurized by the family for marriage. As all of his sisters were married, and there was no female member in the family, He had to make the decision very quickly. &nbsp;&ldquo;Around that time, I saw a girl at Thapathali Campus. I was instantly attracted, and it was love at first sight,&rdquo; recalls Malla. He couldn&rsquo;t find the courage to talk to her, but wrote a letter to her proposing for marriage. They started talking on phone, and got to know each other better. Everything went fine and they married about six months later. &ldquo;Looking back, I feel I made a very good decision. I am a very happily married man today,&rdquo; says Malla. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong><img alt="Anup B Malla" src="/userfiles/images/malla2%20(Copy).jpg" style="float: right; margin: 0px 0px 0px 10px;width: 300px; height: 438px;" />Personal Side and Philosophies</strong></span></div>
<div>
	Malla gets up at 6 every morning and exercises for an hour. He has been doing Pranayam and Yoga for the last ten years. Tennis and swimming are his hobbies, and also like music and singing. He was the vocalist of a rock band when he was young. Lately, he is attracted by classical music. Malla loves to have free time to spend with his family, and believes in living life to the fullest. &ldquo;Enjoying and living life is the major thing for me. I don&rsquo;t run after money because it is sheer necessity. In that sense, I may not be very ambitious,&rdquo; shares Malla.</div>
<div>
	&nbsp;</div>
<div>
	&nbsp;Malla usually spends his Fridays with friends and family. GG Machan at Jhamsikhel is his favourite place to hang out. He is a frequent traveller, and has been to almost al of Europe, many states of USA, China, Singapore, Thailand, Cambodia and many other countries. According to Malla, many perceive him as an arrogant and tough person. &ldquo;Those who are newly acquainted with me feel that way about me. In fact, I am a very soft hearted and easy going person,&rdquo; says he. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Malla believes in hard work, and says one has to know pain and hardship to enjoy happiness in life. &ldquo;I have faced many problems in my life and suffered a lot at an early age. That&rsquo;s why I can fully enjoy and cherish my success. I am very happy and satisfied with my life,&rdquo; says he.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Future</strong></span></div>
<div>
	If the business environment becomes friendlier, Malla says that he may be involved in manufacturing such commodities that can be locally consumed and exported as well. As export has always been his expertise, Malla says Nepal should realize its export potentials. &ldquo;Nepal is gifted with a wide variety of climate, temperature and ecosystem. We have many products with comparative advantage. We should be able to turn these into products with competitive advantage,&rdquo; opines Malla. &nbsp;He also believes that more such products should be sought apart from the 19 items promoted by the government.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	To be successful, one should be involved in those occupations that make us happy, says Malla. &ldquo;If we turn our passion into our occupation, then success will surely follow. Life paves way for us, we just have to be alert and follow,&rdquo; says Malla.</div>
<div>
	&nbsp;</div>',
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			'description' => 'Anup B Malla, Chairman of Nepal Kangri Carpet Industry (P) Ltd and President of Nepal Carpet Exporters’ Association is one of the oldest players in the carpet business of Nepal.',
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			'id' => '1964',
			'article_category_id' => '41',
			'title' => 'Health Is Wealth:  The Rise Of Private Hospitals In Nepal',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>--By Suraksha Adhikari</strong></div>
<div>
	&nbsp;</div>
<div>
	Lately, the country has seen a lot of investment in the healthcare sector. A number of private companies have invested in the construction of hospitals among which most private hospitals have already started operation.</div>
<div>
	&nbsp;</div>
<div>
	There is a strong presence of private sector in the domestic healthcare service industry with medical institutions like Om Hospital, B&amp;B Hospital, Medicare Hospital, Kathmandu Medical College and Manipal Medical College. However, the latest wave of investments from the private sector shows that healthcare is now turning into an attractive area of investment.</div>
<div>
	&nbsp;</div>
<div>
	The Chaudhary Group was perhaps the first old business house in Nepal to foray into the healthcare sector in an institutional way. The group established Norvic International Hospital (then known as Norvic Health Care and Research Centre) in 1994. Two leading private hospitals, Om Hospital and Medicare Hospital, were upgraded from nursing homes. &nbsp;Adding to the list, Vayodha hospital, Grande hospital, Neuro hospital, Welcare hospital and others have been established with commitment to provide high standard healthcare service.</div>
<div>
	&nbsp;</div>
<div>
	The expansion and success of private hospitals in Nepal, the ever growing need of quality healthcare service and the poor performance of public health outlets have provided immense opportunities for the private sector. As there is a huge gap between the demand and supply in domestic healthcare services, the domestic market is large enough for private players to survive and make profits.</div>
<div>
	&nbsp;</div>
<div>
	Private Sector in Hospital Business</div>
<div>
	Private investment in hospitals has seen a significant increase in recent years. Even big corporate houses are keen to invest in these sectors. Norvic, Vayodha and Grande International are some visible examples to show that the private sector has seen potential in healthcare business.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Of late, foreign joint ventures are slowly making inroads into the Nepali healthcare sector. Norvic Hospital has recently entered into an agreement with India&rsquo;s Medanta Medicity, one of the leading hospitals in India, for technology transfer and expertise in the medical field.</div>
<div>
	&nbsp;</div>
<div>
	Very soon, Norvic Hospital will be importing machines worth approximately Rs one billion. The machines include CT scan, MRI, and Mamogram machines, world&rsquo;s latest endoscopy machines and other latest imaging equipments.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Grande International Hospital has entered Nepal with an investment of Rs 3.5 billion. The project has been promoted and managed by the CE Group in Nepal and will be under the professional supervision of an expert team from Samitivej Hospital, Thailand. The 15-storey hospital has 10 operation theatres and many added features including a wellness center, internet lounge, coffee shop, restaurants and so on. There are 18 ICUs, 12 CCUs and 4 NICs with separate medical gas supply for isolation rooms. The infrastructure in the hospitals include helipad services, wheelchair accessibility, fire fighting systems, earthquake resistance systems, complete waste management and disposal systems among others.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Vayodha Hospitals Pvt Ltd has also poured a sizable amount of money in the Nepal&rsquo;s health care sector to serve the community. One of the unique features of this hospital includes the TURP Rooftop helipad for patients to be airlifted from any corner of the country within 30 minutes after getting reliable information. It also has a Physiotherapy Department with complete physiotherapy services, ICU with 11 beds, post-operative wards, an endoscopy centre, and a Eurology department including Mini PCNL, Pathology Department, in-house pharmacy and ambulance that is available 24 hours for normal and critical patients. Vayodha has signed an exclusive agreement with Fortis Escorts Heart Institute, New Delhi for an Excellent Cardiac Care in the hospital. Fortis Escorts will appoint a full time Invasive Cardiologist at Vayodha along with a trained medical team.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Along with these, many other private hospitals are being established in Nepalgunj, Dang, Biratnagar and other parts of Nepal. Gopi Neupane, General Secretary of the Association of Private Health Institution of Nepal (APHIN) said that there are 366 private hospitals in the country with an investment of approximately Rs 30 million.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Hospitals in Nepal: Private hospitals and Government hospitals</div>
<div>
	According to data from the Ministry of Health and Population (MoHP), there are 366 private hospitals in Nepal among which 99 hospitals are located in the Kathmandu Valley. In comparison, 123 government hospitals are under the MoHP which proves the vast gap between private and government hospitals in Nepal.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Challenges in the business</div>
<div>
	With public health service still not being effective despite the government pumping in billions of rupees, the private sector&rsquo;s entry is believed to make healthcare services better, professional and more reliable. However, there is also the question of affordability. Will the common people have access to these high-end medical facilities? Will they be able to access services? These are some pertinent questions. Private hospitals are also facing various hurdles in government regulation. &nbsp;The government has been imposing heavy taxes upon these hospitals. &ldquo;Being service-providing institutions, private hospitals should not be imposed various taxes but the government neither removes tax from us nor facilitates us as an industry sector,&rdquo; says an official at Norvic Hospital. The government also does not help these hospitals in importing equipments and technologies.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Besides this, private hospitals established some years ago are also facing problems with the parameters that the government has set up recently. Parameters such as environment assessment tests, earthquake resistant building, etc are some which hospitals cannot comply with. As the buildings have been constructed a long time ago, it would be next to impossible to impose these parameters on them.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	With these complications, private hospitals are still making their way towards a progressive future with their promptness, efficiency and quality services in the healthcare sector which is the ultimate desire of all citizens. Following the slogan &ldquo;Health is Wealth&rdquo;, they have been able to attract a large size of the population with their reliable services.&nbsp;</div>',
			'published' => true,
			'created' => '2013-10-08',
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			'keywords' => 'new business age sectoral news & articles, sectoral news & articles from new business age nepal, sectoral headlines from nepal,  current and latest sectoral news from nepal, economic news from nepal, nepali sectoral economic news and events,  ongoing  sectoral news of nepal',
			'description' => 'Lately, the country has seen a lot of investment in the healthcare sector. A number of private companies have invested in the construction of hospitals among which most private hospitals have already started operation.',
			'sortorder' => '1815',
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			'id' => '1955',
			'article_category_id' => '99',
			'title' => 'Eco Revolution 2013 Held In Pokhara',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<img alt="" src="/userfiles/images/eco1.jpg" style="width: 550px; height: 173px; margin-left: 20px; margin-right: 20px;" /></div>
<p>
	An international conference on environment and humanity named &lsquo;Eco Revolution 2013&rsquo; was organized in Pokhara from 29 September to 1 October. The Conference was organized for the first time in Nepal, and had around 275 participants from Nepal, India and Sri Lanka. The Conference was jointly organized by Eco Needs Foundation India, Pokhara Engineering College and Sadaham Sevana, Sri Lanka.<br />
	<br />
	According to the organizers, the main purpose of the conference was to have a constructive dialogue on sustainable development pathways for developing countries with special attention on areas like economics, aesthetics, Buddhism, energy, industry and agriculture. The conference focus on the current research trends and advances in environment, and&nbsp; broadly encompasses areas like global environment change and disaster, environmental issues in the chemical/petroleum industries, causes and impact of climate change on biodiversity, bio-treatment, bio-transformation, bio-catalysis for treatment of air contaminants and changes in mountain biodiversity among others. Experts of various sectors presented 121 different papers in the Conference.<br />
	<br />
	International conference on sustainable Environment Eco Revolution-2011 was held in India and the International conference on Environment and Humanity Eco Revolution-2012 was held in Sri Lanka. The next eco revolution conference will be held in Thailand.&nbsp;</p>',
			'published' => true,
			'created' => '2013-10-07',
			'modified' => '2013-10-08',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'An international conference on environment and humanity named ‘Eco Revolution 2013’ was organized in Pokhara from 29 September to 1 October. The Conference was organized for the first time in Nepal, and had around 275 participants from Nepal, India and Sri Lanka.',
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			'title' => 'Szechuan Connection At China Garden',
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	<img alt="" src="/userfiles/images/sssez%20(Copy).jpg" style="margin-left: 20px; margin-right: 20px; width: 550px; height: 212px;" /></div>
<div>
	&nbsp;</div>
<div>
	<strong>--By Sujan Tiwari</strong>
	<div>
		<br />
		China Garden restaurant at Soaltee Crowne Plaza is giving its customers a delicious way to enjoy the upcoming Dashain. The restaurant has started a new food promotion named &lsquo;Szechuan Connection&rsquo; from 1 October and it will last for two weeks. According to Rena Sharma, Assistant Manager, Marketing and Public Relations at Soaltee, the food promotion is designed such that it coincides with the upcoming Dashain. &ldquo;This promotion is intended for Nepali customers so that they can enjoy the festive time with us at Soaltee. We are offering delicious cuisine at a very affordable price through this promotion,&rdquo; says Sharma.<br />
		<br />
		As the name suggests, the promotion features various Szechuan dishes. The cuisine comes to life through scrumptious sea food, pork, lamb and chicken delicacies. Mushrooms are also used intensively in the cuisine. According to Yuba Raj Pokharel, Executive Sous Chef at Soaltee, Szechuan cuisine is loved the world over and also suits Nepali palate.<br />
		<br />
		You can choose from four fixed menus, each of which has soups, starters, mains and desserts. Each set looks equally delicious and colourful. The soups include tofu shitake fresh chilli soup, pickled ginger corn soup, spicy wanton soup and clear garlic noodle soup. The menus have numerous tasty starters like Singapore chilli chicken, prawn Szechuan pepper, aniseed smoked fish with crab meat sweet chilli sauce and mushroom skewers with cilantro burnt chilli sauce. &nbsp;<br />
		<br />
		Mains are equally abundant, and dishes include salted fish fried rice, Szechuan tuna fried rice, steamed noodles with burnt garlic chilli sauce and dragon prawn Szechuan crab meat sauce among others. One of the best dishes in the entire assortment is celery burnt chilli spare ribs. It is a pork rib dish that is first pot roasted in slow heat with ginger garlic, scallion and other spices. The ribs are again tossed in a rich sauce of chilli, ginger garlic, spices and some wine. The ribs are very tender, succulent and really delicious.<br />
		<br />
		A nice ambience and the rich Szechaun cuisine await you this Dashain at China Garden. The price of the fixed menu range from Rs 1350 to Rs 2200 excluding the taxes, and each menu is enough for two. A bottle of Carlsberg beer or a glass of wine comes complementary with each menu. So, eat, drink and be merry this festive season at Soaltee.
		<p>
			&nbsp;</p>
		<p>
			<img alt="szechuan" src="/userfiles/images/sez%20(Copy).jpg" style="width: 550px; height: 116px; margin-left: 15px; margin-right: 15px;" /></p>
	</div>
</div>
<p>
	&nbsp;</p>',
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			'created' => '2013-10-07',
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			'description' => 'China Garden restaurant at Soaltee Crowne Plaza is giving its customers a delicious way to enjoy the upcoming Dashain. The restaurant has started a new food promotion named ‘Szechuan Connection’ from 1 October and it will last for two weeks. According to Rena Sharma, Assistant Manager, Marketing and Public Relations at Soaltee, the food promotion is designed such that it coincides with the upcoming Dashain.',
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		'Article' => array(
			'id' => '1963',
			'article_category_id' => '40',
			'title' => 'NEWBIZ BUSINESS CONCLAVE AND AWARDS 2013 : Panacea For Growth, Saluting The Best',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&ldquo;The political agenda dominated the national discourse and popular action in the last six decades of democratization of Nepal. Now is the time to evolve into the phase of economic agenda being on the top. The private sector of Nepal is the engine of growth, being efficient and cost-effective, and the government is to facilitate it through investment security, enabling laws like new Industrial Enterprise Act and Foreign Direct Investment Policy, et al.&rdquo;</div>
<div>
	&nbsp;</div>
<div>
	Thus spoke Shankar Koirala, Minister for Finance, Industries &amp; Commerce, Government of Nepal, inaugurating the maiden edition of the NewBiz Business Conclave &amp; Awards 2013, held in Hotel Soaltee Crowne Plaza on August 24.</div>
<div>
	&nbsp;</div>
<div>
	Nothing could have captured the mood, the spirit and the essence of this Conclave better than this statement. The Conclave was dedicated to finding a roadmap to doubling the economic growth from current 3.6% growth of the GDP to 7%, and beyond.</div>
<div>
	&nbsp;</div>
<div>
	In groups of three to five speakers, a large number of fore-ranking economists, thought-leaders, businessmen and invited guests from abroad focused on what may make the great Himalayan promise fulfilled and Nepal moving from the status of Least Developed Country to a Developing One within a decade by doubling its growth.</div>
<div>
	&nbsp;</div>
<div>
	&lsquo;Yes! We Can!&rsquo; was the spirit. &lsquo;Can Do&rsquo; was the motto. Even problems were noted as challenges to be tackled sooner or later. Indeed, for some time past now, in spite of several economic challenges, there has been a gradual amelioration of the situation too.</div>
<div>
	&nbsp;</div>
<div>
	Decades of political unrest, bitter ideological conflict, a shaky frame-work of democracy, despondency among some sections of the people, and challenges to entrepreneurship and of infra-structure have surely brought in an air of hopelessness among some youths. And, there is a large number of educated or skilled youths who are leaving the country for greener pastures around the world. It is not a wonder that Nepal receives as remittance equivalent to nearly a quarter of its GDP.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Not withstanding the challenges, every Nepali at heart dreams for turning the nation of exquisite beauty into the Switzerland of Asia. Every educated Nepali rightly wants to reap the best economic advantages of being land-locked between two large and fast developing neighbours, India and China. And, today, most adult citizens of this nation are waiting for ensuing elections to be held in time and peacefully, and political parties agreeing on a common economic agenda to take the country into a prosperous future.</div>
<div>
	&nbsp;</div>
<div>
	That was the spirit of the speakers in the Conclave (more details in later sections). Just a sampling of the views expressed in the Conclave:&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;">&ldquo;Last year service sector in Nepal grew by 6% and industry by 3% and hence it is not difficult to achieve 7% overall growth in a couple of years in Nepal. Industries here are running at half their capacity and just a better capacity utilization with a better labour situation and investments will double the growth.&rdquo;</span></div>
<div>
	&nbsp;</div>
<div style="text-align: right;">
	<strong>- Dr Yuba Raj Khatiwada</strong></div>
<div style="text-align: right;">
	<strong>Governor, Nepal Rastra Bank</strong></div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;">&ldquo;Vocational education is on the rise in Nepal, which is encouraging. The small and medium industries sectors are surviving by sheer hard work rather than an enabling business environment, and they must be encouraged.&rdquo;</span></div>
<div>
	&nbsp;</div>
<div style="text-align: right;">
	<strong>- Rameshore Khanal</strong></div>
<div style="text-align: right;">
	<strong>Former Finance Secretary</strong></div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;">&ldquo;There are ample opportunities to promote specific districts with specific business focal points, like Dhading can be the organic district in order to access and expand the market of vegetables which covers the one-third of the Kathmandu market&hellip;.. Timely election being held, political class must rise to the occasion towards drawing a&nbsp;</span><span style="font-size: 14px;">Common Minimum Economic Agenda, towards which we from Nepal Inc are working.&rdquo;</span></div>
<div>
	&nbsp;</div>
<div style="text-align: right;">
	<strong>-Suraj Vaidya</strong></div>
<div style="text-align: right;">
	<strong>President, Federation of Nepalese Chambers of Commerce &amp; Industry</strong></div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;">&ldquo;It&rsquo;s not just heritage and adventure, there are lot of scope in Nepal in terms of business and MICE tourism (Meeting, Incentive, Convention &amp; Exhibition).&rdquo;</span></div>
<div>
	&nbsp;</div>
<div style="text-align: right;">
	<strong>- Amran Abdul Rahman</strong></div>
<div style="text-align: right;">
	<strong>Director, Malaysia Tourism</strong></div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;">&ldquo;Nepal can take a cue from Vibrant Gujarat Summit and its success in the economy of Gujarat, and can similarly bring in big ticket investments for hydro-power, infrastructure, manufacturing, tourism, agri-business and mines.&rdquo;</span></div>
<div>
	&nbsp;</div>
<div style="text-align: right;">
	<strong>- Sukanti Ghosh</strong></div>
<div style="text-align: right;">
	<strong>Managing Director (India), APCO Worldwide, USA</strong></div>
<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;">&ldquo;Nepal has more than half a century of planned economic development attempt. To achieve this target, we have to mechanise agriculture, commercial herbs, vegetables and fruits.&rdquo;</span></div>
<div>
	&nbsp;</div>
<div style="text-align: right;">
	<strong>-Binod Chaudhary</strong></div>
<div style="text-align: right;">
	<strong>President, Chaudhary Group</strong></div>
<div>
	&nbsp;</div>
<div>
	Where do we go from here? Future is pregnant with possibilities indeed.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Let&rsquo;s begin with the changing face of road network.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The Economic Survey of the Finance Ministry in 2013 says that more than 10,000 kms of roads are blacktopped, almost 6000 kms of road have been graveled, apart from nearly 8500 kms of earthen roads in Nepal. Except Humla and Dolpa, all other 73 districts have road access. The road connectivity with China has also added value to Nepal&rsquo;s economic sector. With the government trying to make the road investment strategy clear and long-term, there is enhanced interest of the private sector too in investing herein. The Public-Private-People Partnership driven Kathmandu-Kulekhani-Hetauda tunnel road is the signature evidence of this positivism.</div>
<div>
	&nbsp;</div>
<div>
	Coming to health and education, Nepal is on a positive direction to largely meet the Millennium Development Goals by 2015. Primary school enrolment has already crossed a whopping 95%, though at the secondary education level it is still one on three eligible children in education, in spite of some increase over the years. The latest infant mortality rate is at 9 per thousand live births, and maternal mortality rate has dropped to 229 per 100,000 live births, making the picture reasonably better than most South Asian neighbors. Significantly, nearly 4500 health institutions of various dimensions are providing health services to some 28 million people in this country. Nepal Living Standard Survey notes that one on four Nepalis today are below the poverty line, much better a situation than a decade or two ago.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Hydropower hopes have eluded the Himalayan nation for decades. Nepal&rsquo;s vast water resources are said to be next only to Brazil. However, till date Nepal is producing only 600 Megawatts of electricity whereas the known sources of hydropower can produce above 80,000 Megawatts, and it is still counting. This one sector alone can change the face of this nation. There are some clear signs towards progress. Upper Tamakoshi project with 456 Megawatts is progressing fast based on eco-friendly run-of-the-river model. Six other projects totaling around 240 Megawatts are also in progress. However, this sector needs clear and effective long-term policies, investment friendly environment and political stability.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The Agriculture sector has also taken a boost with 41 projec vts running on first priority and nine projects kept in second priority by the government, as listed by the National Planning Commission. These projects include special agriculture production program, co-operative farming, micro irrigation, livestock health service, agricultural research program, and others. The per hectare productivity today is around Rs.160,000, of the land available for agriculture and only 20 % is irrigated, and the average income of agriculture laborer has crossed Rs.70,000 per annum. Not the best of situations, but still no one dies of hunger in Nepal.</div>
<div>
	&nbsp;</div>
<div>
	In the manufacturing sector, the average growth rate per year over the last five years has been close to 2%. Production of food products, beverages, cigarettes, shoes, soaps, cement and plastic products have grown more than 3% per annum in this period. More than a thousand medium to large industries employing 300,000 of people function alongside more than a lac cottage and small industries with 600,000 people employed. Higher electricity and more and better roads can work miracles in this sector.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Finally, Tourism. It flourishes in tranquility. Civil war and political instability hitting tourism hard for some time in the past, Nepal is now witnessing positive signs with the total tourist arrivals in 2012 figuring 600,000 only by the air route! The average stay and spending per person per day are still low with less than 40 dollars a day spent by tourists. With 10 five star and 27 three and four star hotels, Nepal has a long way to go to tap the full potentials of tourism, which can be comparable to Malaysia or beyond.</div>
<div>
	&nbsp;</div>
<div>
	Yes, there is a long way to go for this beautiful nation of hardworking, patriotic and industrious people from the Mountains, Hills and the Terai-Madhesh, a nation where women have a better position in the society than many other South Asian nations in general in spite of poverty, a nation where youths work and study together in cities to earn economic independence, a nation where hugely diverse people live, work and enjoy each other&rsquo;s festivals together.</div>
<div>
	&nbsp;</div>
<div>
	The Nation awaits visionary statesman-like leadership ahead and the collective will of many to make a difference in the comity of nations.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The historic NewBiz Business Conclave and Awards is just the right step towards this direction: bringing to the fore the national economic priorities, trying to create a national consensus towards Common Minimum Economic Agenda, bringing forth the voices of business leaders and economists, and creating role models from among Nepal Inc in a nation where most political parties at least officially shun business and profits.</div>
<div>
	&nbsp;</div>
<div>
	Rightly did the NewBiz Chairman Madan Lamsal say at the onset of the awards ceremony, &ldquo;It is said that our work is our love made visible. This is indeed our labour of love. It is a historic moment to come to this point where New Business Age and Aarthik Abhiyan, the nation&rsquo;s leading business publications, salute the best performers in business who have been doing well in spite of economic challenges and political instability. And I congratulate each of the ten winners whom you will know in some moments from now one by one, in advance. We honor ourselves by honoring you. You have not done anything for awards, but for growth and development, to generate profits, employment, and welfare of a lot of people. You are our role models. A nation, yearning to grow, to be counted in the comity of nations, salute each of you for your extra ordinary achievement which will inspire the youth to dream and strive for more.&rdquo;</div>
<div>
	&nbsp;</div>
<table align="center" width="100">
	<tbody>
		<tr>
			<td>
				<img alt="NEWBIZ BUSINESS CONCLAVE AND AWARDS 2013" src="/userfiles/images/p1%20(Copy)(1).jpg" style="border-width: 0px; border-style: solid; width: 550px; height: 283px;" /></td>
		</tr>
		<tr>
			<td bgcolor="#DDDDDD">
				<div align="center">
					<div style="text-align: left;">
						Minister for Finance, Industries, Commerce and Supplies, Government of Nepal, Shankar Koirala along with Newbiz Chairman Madan Lamsal and other distinguished guests launched a book titled &mdash; Nepalko Arthik Briddhi Ek Margachitra (Sambriddha Nepal Abhiyan) during the Conclave &amp; Award ceremony at Soaltee Crowne Plaza.</div>
				</div>
			</td>
		</tr>
	</tbody>
</table>
<div>
	&nbsp;</div>
<table align="center" width="100">
	<tbody>
		<tr>
			<td>
				<img alt="NEWBIZ BUSINESS CONCLAVE AND AWARDS 2013" src="/userfiles/images/p2%20(Copy).jpg" style="border-width: 0px; border-style: solid; width: 550px; height: 443px;" /></td>
		</tr>
		<tr>
			<td bgcolor="#DDDDDD">
				<div align="center">
					<div style="text-align: center;">
						Invitees at registration desk of Newbiz Conclave &amp; Awards-2013</div>
				</div>
			</td>
		</tr>
	</tbody>
</table>
<div>
	&nbsp;</div>
<table align="center" width="100">
	<tbody>
		<tr>
			<td>
				<img alt="NEWBIZ BUSINESS CONCLAVE AND AWARDS 2013" src="/userfiles/images/p3%20(Copy).jpg" style="border-width: 0px; border-style: solid; width: 550px; height: 365px;" /></td>
		</tr>
		<tr>
			<td bgcolor="#DDDDDD">
				<div align="center">
					<div style="text-align: left;">
						<div>
							Binod Chaudhary, President Chaudhary Group exchanging words with Professor Dinesh Chapagain and former finance minister Madhukar SJB Rana at Newbiz Conclave &amp; Awards-2013.</div>
					</div>
				</div>
			</td>
		</tr>
	</tbody>
</table>
<div>
	&nbsp;</div>
<table align="center" width="100">
	<tbody>
		<tr>
			<td>
				<img alt="NEWBIZ BUSINESS CONCLAVE AND AWARDS 2013" src="/userfiles/images/p4%20(Copy).jpg" style="border-width: 0px; border-style: solid; width: 550px; height: 285px;" /></td>
		</tr>
		<tr>
			<td bgcolor="#DDDDDD">
				<div align="center">
					<div style="text-align: left;">
						Minister for Finance, Industries, Commerce and Supplies, Shankar Koirala along with Dr. Yuba Raj Khatiwada, Governor of Nepal Rastra Bank, Newbiz Chairman Madan Lamsal and moderator of the Conclave Achyut Wagle during the interactive session of the Conclave.</div>
				</div>
			</td>
		</tr>
	</tbody>
</table>
<p>
	&nbsp;</p>',
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			'description' => 'The Nation awaits visionary statesman-like leadership ahead and the collective will of many to make a difference in the comity of nations.',
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			'id' => '1953',
			'article_category_id' => '99',
			'title' => 'Qatar’s New Destination In Saudi Arabia',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img alt="" src="/userfiles/images/qa.jpg" style="margin-left: 20px; margin-right: 20px; width: 550px; height: 168px;" /></p>
<p>
	Qatar Airways has expanded its operations in Saudi Arabia with the launch of scheduled flights to Ta&rsquo;if which is the airline&rsquo;s sixth destination in Saudi Arabia. Qatar Airways will operate four flights a week non-stop from Doha to Ta&rsquo;if. The addition of this new Saudi city takes the total number of destinations within the airline&rsquo;s network to 132. With the new four weekly flights, Qatar Airways now operates 69 flights a week to Saudi.<br />
	<br />
	Qatar Airways Chief Executive Officer, Akbar Al Baker said the airline was pleased to open this new gateway to Saudi Arabia. &ldquo;During the past few months we succeeded in launching two new destinations in Saudi Arabia &ndash; Al Gassim and now Ta&rsquo;if, which reflects our commitment to reinforcing relations between the State of Qatar and the Kingdom,&rdquo; Al Baker said. Qatar Airways new flights offer the people of Ta&rsquo;if a variety of travel options to more than 130 amazing destinations around the world including London, Paris, Singapore, Bangkok, Beijing, Johannesburg, Melbourne, Delhi and Mumbai. The Ta&rsquo;if route is operated with an Airbus A320 in a two-class configuration of 12 seats<br />
	in Business Class and 132 seats in Economy.</p>',
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			'description' => 'Qatar Airways has expanded its operations in Saudi Arabia with the launch of scheduled flights to Ta’if which is the airline’s sixth destination in Saudi Arabia. Qatar Airways will operate four flights a week non-stop from Doha to Ta’if. The addition of this new Saudi city takes the total number of destinations within the airline’s network to 132.',
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			'id' => '1952',
			'article_category_id' => '99',
			'title' => 'Tara Air Flies To Tikapur',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Tara Air has started flights to Tikapur from 3 October. According to the Airline, there will be a scheduled flight on Thursday every week from Nepalgunj to Tikapur.Tara Air has already signed an agreement with Tikapur Airport Research Construction and Operation committee to conduct Kathmandu-Nepalgunj-Tikapur and Tikapur-Nepalgunj-Kathmandu flights. The fare for Tikapur-Nepalgunj is Rs 2,500 and for Tikapur-Kathmandu is Rs 7,500 and vice versa.<br />
	&nbsp;</p>',
			'published' => true,
			'created' => '2013-10-07',
			'modified' => '2013-10-08',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Tara Air has started flights to Tikapur from 3 October. According to the Airline, there will be a scheduled flight on Thursday every week from Nepalgunj to Tikapur.',
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			'id' => '1951',
			'article_category_id' => '153',
			'title' => 'Opinion: ‘Possibilities Of The Commodity Market In Nepal’',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<span style="font-size:14px;">The third edition of the Money Expo for 2013 is being held in the capital at the end of this month. Aiming to promote investment opportunities and wealth protection strategies, this expo is the largest finance and investment show in Nepal. An interaction programme &lsquo;The possibilities of Commodity Market in Nepal&rsquo; was conducted by New Business Age on September 19 as headway to the Expo. Experts from the commodity market presented their opinion on the current status of this sector. <strong>Excerpts:</strong></span><br />
	<br />
	<img alt="Paristha Nath Poudyal ,Director, Securities Board of Nepal (SEBON)" src="/userfiles/images/pnp.jpg" style="width: 150px; height: 188px;" /></p>
<p>
	<strong>Paristha Nath Poudyal<br />
	Director, Securities Board of Nepal (SEBON)</strong><br />
	<br />
	&bull; The budget of 2070/71 has fixed that the regulation of the commodity market will be done by the Securities Board of Nepal (SEBON). For implementing this decision we have received a working procedure from the Ministry of Finance. We have been directed to submit an ordinance or some legal works to the ministry by mid November.<br />
	&bull; We have already completed two levels of discussion for this. We are improving the market first and then regulating it.<br />
	&bull; We have been studying the regulatory process of various countries like India, Singapore, Hong Kong, United Kingdom and others. We will develop the regulation process according to the context of our country by discussing with stakeholders and studying all other countries&rsquo; regulations.<br />
	&bull; The regulatory body is just a facilitator and we will work accordingly.<br />
	&bull; Rather than the board, the issues related to regulations should be a matter of concern to the government and it should not delay the task.<br />
	&bull; Training for investors is essential. This year we have planned to establish the &lsquo;Capital Market Research and Training Institute&rsquo;. This effort is meant for developing the skills of investors.</p>
<p>
	<br />
	<br />
	<img alt="Dipendra Khatiwada" src="/userfiles/images/dk.jpg" style="width: 150px; height: 188px;" /><br />
	<strong>Dipendra Khatiwada<br />
	Managing Director, Mercantile Exchange Nepal (MEX)</strong></p>
<p>
	<br />
	&bull;&nbsp;&nbsp; &nbsp;The major necessity of today&rsquo;s market is regulation. We have been requesting the government for the formation of regulations from a long time. Regulations develop assurance and build trust among the public.<br />
	&bull;&nbsp;&nbsp; &nbsp;Regulations are not complete in themselves. They should be formed in such a way that they can support exchange companies as well as develop credibility among people.<br />
	&bull;&nbsp;&nbsp; &nbsp;Gold imported to Nepal is not of high quality. Though the gold is said to be of triple line, we should examine whether they are really of that standard. Such checks develop credibility in customers but Nepal does not have such facilities.<br />
	&bull;&nbsp;&nbsp; &nbsp;We do not have the mechanism to verify the quality of goods. If those mechanisms are in places, we can import any goods. Laws should be practical and only goods that can be verified should be imported.<br />
	&bull;&nbsp;&nbsp; &nbsp;There is no investment friendly environment in this market. The willpower of investors has decreased. So the establishment of a warehouse in Nepal is not possible for at least 5 years. Only the regulatory body can bridge the gap.<br />
	&bull;&nbsp;&nbsp; &nbsp;Other financial instruments can be promoted in this condition. Commodity is itself a financial instrument. Hazing platform, price discovery and price dissemination can be developed in the form of financial instruments.<br />
	&bull;&nbsp;&nbsp; &nbsp;Without the will power of the government, people from the outside the government cannot do anything. The government is unable to decide on the issue of formation of regulation for the commodity market which has created problems.<br />
	&bull;&nbsp;&nbsp; &nbsp;We are dealing with exchanges only in our market. Supply and distribution is not possible in such a situation. In international practice too it is seen that in the exchange process, 5 per cent win and 95 percent lose. This reality should be realized by investors.<br />
	&bull;&nbsp;&nbsp; &nbsp;There are frequent transactions happening in the market. Though the quantity has decreased, the quality of transactions has increased and increase in quality is more essential than quantitative increment.</p>
<p>
	<br />
	<br />
	<img alt="Ram Sharan Upreti" src="/userfiles/images/rsu.jpg" style="width: 150px; height: 188px;" /><br />
	<strong>Ram Sharan Upreti<br />
	General Manager, Everest Commodities Limited</strong></p>
<p>
	<br />
	&bull;&nbsp;&nbsp; &nbsp;The problems of the commodity market have been divided into three parts. The foremost problem is the failure of the government to formulate policies; secondly, there is no uniformity in the working policy of commodity exchange companies; and thirdly, the investors are not properly educated about this market.<br />
	&bull;&nbsp;&nbsp; &nbsp;Concerned stakeholders have been discussing issues of the commodity market from the very beginning and stakeholders have been raising their voice regarding this issue. But the government is not showing its concern on this matter. The commodity market has a significant position but the government has not raised any issue regarding this market at discussions of the economy of the country.<br />
	&bull;&nbsp;&nbsp; &nbsp;The failure of conducting a proper exchange operation module is also a problem in this market. There are 10 exchanges operating in the market with different trading modules.&nbsp; Presently, there are two-three types of trading module in Nepal. These modules have different trading and pricing processes which has cause confusion among customers. An appropriate module for the market has not been identified yet which has minimized scope of new opportunity for investors.<br />
	&bull;&nbsp;&nbsp; &nbsp;Lack of proper awareness among investors on the commodity market is also a major problem in this sector. This market has been famous as a glamorous sector. Because of the same reason, the market reached its peak in a short period and did not take long to fall. The people have just understood it as an exchange market.<br />
	&bull;&nbsp;&nbsp; &nbsp;People who do not have proper knowledge come to this market and because of them, the market loses credibility.<br />
	&bull;&nbsp;&nbsp; &nbsp;The commodity market has been in operation for six years. But till date, real investors and organizational investors have not entered the market. Exchange companies have not been able to do something significant in the derivative mechanism.</p>
<p>
	<br />
	<img alt="Santosh Pradhan,Chairman, Nepal Derivative Exchange (NDEX)" src="/userfiles/images/ssp.jpg" style="width: 150px; height: 188px;" /><br />
	<strong>Santosh Pradhan<br />
	Chairman, Nepal Derivative Exchange (NDEX)</strong></p>
<p>
	<br />
	&bull;&nbsp;&nbsp; &nbsp;Commodity exchange is not complete in itself. There are various factors responsible to run this market smoothly. In the context of Nepal, actual commodity exchange has not been practiced yet.<br />
	&bull;&nbsp;&nbsp; &nbsp;An appropriate commodity exchange friendly eco-system is essential for this. The laws and physical infrastructure favourable to this market should be maintained. We must be able to access agricultural products in the international market by storing it in a facilitated warehouse.<br />
	&bull;&nbsp;&nbsp; &nbsp;The government should at least bring an ordinance to maintain regulations and issue license to exchanges and brokers.<br />
	&bull;&nbsp;&nbsp; &nbsp;Exchange companies should be specialized on the basis of their operation procedure, software, human resources and other measures of standardization. Unless this is done, all exchange companies have their own term of standards and they move forward with different schemes.<br />
	&bull;&nbsp;&nbsp; &nbsp;Transaction through warehouses can be the baseline for systematic initiation in this market. In the medium level this market can be developed through big financial institutions, and stakeholders and their trade risks can be addressed through the commodity market.<br />
	&bull;&nbsp;&nbsp; &nbsp;Nepal can be developed as an international financial center. The trade of gold and silver can be done in Nepal in bigger investment. National as well as international investors can invest in this and manage their portfolio.<br />
	&bull;&nbsp;&nbsp; &nbsp;Nepal is not in condition to run 10 commodity exchange at present. Maximum two exchanges would be enough.</p>
<p>
	&nbsp;</p>
<p>
	<br />
	<img alt="Santosh Pradhan, Chairman, Nepal Derivative Exchange (NDEX)" src="/userfiles/images/bs(1).jpg" style="width: 150px; height: 186px;" /><br />
	<strong>Bijesh Shrestha,<br />
	President and Managing Director, Asian Derivative Exchange (ADEX)</strong></p>
<p>
	<br />
	&bull;&nbsp;&nbsp; &nbsp;Everything has a fixed life cycle and so does a commodity market. The commodity market was established in Nepal in 2006 AD and during 2009-2011, it attracted a lot of investors. This expanded the market by mid 2012, it became mature. Anything that experiences drastic growth in a short period of time does not last long and the same thing happened to the commodity market. The market has completed a life cycle and it has to revise itself now with some improvements in regulations and other aspects.<br />
	&bull;&nbsp;&nbsp; &nbsp;Only paper transactions are being done in the commodity market&nbsp; till date. The market grew drastically and crashed immediately because of which customers are losing trust. Trust can be regained by forming a strong base. Similarly, improvement in the capital market and the real estate market is also essential for improving this market.<br />
	&bull;&nbsp;&nbsp; &nbsp;Though there are 10 exchange companies operating in the market, the number of investors does not exceed from 50-60. This shows decrement in the number of investors.<br />
	&bull;&nbsp;&nbsp; &nbsp;The regulatory body should pave the way for regulations and the exchange companies should follow it. This market should include transactions of exchange index and Nepse index to attract investors.</p>
<p>
	&nbsp;</p>
<p>
	<br />
	<img alt="Abhisek Gautam" src="/userfiles/images/ag.jpg" style="width: 150px; height: 186px;" /><br />
	<strong>Abhisek Gautam<br />
	General Manager,Commodity Futures Exchange (CFX)</strong></p>
<p>
	<br />
	&bull;&nbsp;&nbsp; &nbsp;There are more investors observing loss than earning profit in the commodity market.&nbsp; The number of customers in this market has decreased compared to the previous year. This market can observe negative effects which are created because of mismanagement of investors.<br />
	&bull;&nbsp;&nbsp; &nbsp;The commodity market lacks novelty at present. We are using the same old things just with some modification. There have been change in the marketing procedure but production and market is the same.&nbsp; The numbers of investors are decreasing because of security issues in the market.<br />
	&bull;&nbsp;&nbsp; &nbsp;The expansion and recession in the commodity market is directly proportional to the economic cycle. The market has been experiencing recession these days but it was booming some months ago. Everything has its own pace but the commodity market rose exceptionally fast and is experiencing downfall now.<br />
	&bull;&nbsp;&nbsp; &nbsp;Some national and international organizations have been boosting agriculture production, commercialization and pricing in Nepal. Those agriculture products should be included in this market but we are failing to do so as the act related to the warehouse has not been formed yet. Also not formed are shares, treasury bills and other financial instruments that would make the market more effective.</p>',
			'published' => true,
			'created' => '2013-10-07',
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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 third edition of the Money Expo for 2013 is being held in the capital at the end of this month. Aiming to promote investment opportunities and wealth protection strategies, this expo is the largest finance and investment show in Nepal. An interaction programme ‘The possibilities of Commodity Market in Nepal’ was conducted by New Business Age on September 19 as headway to the Expo.',
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			'id' => '1950',
			'article_category_id' => '109',
			'title' => 'Nepse Index Rises 3.61 Points',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	&nbsp;</p>
<p>
	<strong>--By Sagar Ghimire</strong><br />
	<br />
	Nepal Stock Exchange (Nepse) index rose by 3.61 points last week closing at 545.47. It had settled at 541.86 points on the first day (September 29) of the weekly trading.<br />
	<br />
	2,739,620 shares of 136 companies worth Rs 690 million were traded in 7662 transactions at the secondary market during the week.<br />
	<br />
	While the amount and units of share are 37.87 and 48.45 per cent higher in comparison to the previous week, the securities market observed decline in terms of scrips trade by 3.87 per cent.<br />
	<br />
	Except for the third day of the trading week, there were increments in the Nepse indices all the days of the trading week. Nepse index increased by 0.16 points on the first day (September 29) and by 0.14 second day (September 30) closing at 541.86 and 542 points, respectively. However, it fell by 0.12 points on the third day (October 1) closing at 541.88 points. Likewise, the index surged by 1.3 points the third day (October 2) also closing at 543.18 points and by 2.29 points on the last day (October 3) closing at 545.47. &nbsp;<br />
	<br />
	The sub-indices showed a mixed reaction. While the Insurance, Others, Bank, Hydropower and Development Bank sectors recorded gains, the Manufacturing, Hotel and Finance sectors posted losses during the week. The Other sector was the highest gainer increasing by 11.75 points. The Manufacturing sector was the highest loser shedding 28.65 points. Likewise, the sub-indices of the Insurance sector and Development Banks sector increased by 2.1 and 0.6 points, respectively. The Hotel and Finance sectors dropped by 16.32 and 0.4 points, respectively. There were no changes in the Trading sector. The Himalayan Bank remained at the top in the secondary market in terms of transaction amount, while its promoter share also observed the highest units of share trade during the week. Nepal Telecom&rsquo;s share was at the top in terms of market capitalization.<br />
	<br />
	The share price of 51 companies increased, while that of 49 companies declined during the week. Likewise, the share price of 36 companies remained stable.<br />
	(With the input from Jamb Technologies Pvt Ltd.)</p>
<p>
	<img alt="Sectors" src="/userfiles/images/seco.jpg" style="width: 500px; height: 351px; margin-left: 20px; margin-right: 20px;" /></p>
<hr />
<p>
	<span style="font-size:14px;"><strong>Nepse on Sunday</strong></span><br />
	Nepse index gained 6.19 points closing at 551.66, the first trading day of the week after the beginning of the Dashain festival. A total of 472,869 units of shares of 84 companies worth Rs 109.70 million were traded through 1,391 transactions on the day.<br />
	<br />
	Banking, Development Banks, Hydropower, Finance, Manufacturing and Processing and Others sectors&rsquo; sub-indices increased, while Hotels and Insurance observed decline.<br />
	<br />
	Others sector was the major gainer of the day. Its sub-index increased 12.92 points closing at 692. Hotels sub-index observed the highest decline of 41.78 points with closing at 699.64.<br />
	&nbsp;</p>',
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			'description' => 'Nepal Stock Exchange (Nepse) index rose by 3.61 points last week closing at 545.47. It had settled at 541.86 points on the first day (September 29) of the weekly trading.',
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			'description' => 'Top Ten Losers',
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			'summary' => null,
			'content' => '',
			'published' => true,
			'created' => '2013-10-07',
			'modified' => '0000-00-00',
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			'description' => 'Top Ten Gainers',
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			'summary' => null,
			'content' => '',
			'published' => true,
			'created' => '2013-10-07',
			'modified' => '0000-00-00',
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			'description' => 'US Dollar Exchange Rate At Local market',
			'sortorder' => '1805',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
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			'title' => 'Weekly Gold And Silver Price (30 September - 6 September 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '',
			'published' => true,
			'created' => '2013-10-07',
			'modified' => '0000-00-00',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Weekly Gold And Silver Price',
			'sortorder' => '1804',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
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			'article_category_id' => '109',
			'title' => 'Investigation Into Kist Bank’s Rs 8mn Fraudulence Case',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	Kist Bank initiated an investigation into a fraudulent case involving about Rs 8 million from its Thamel branch last week. The Central Investigation Bureau (CIB) as well as the bank itself initiated the investigation, according to Acting Chief Executive Officer of the Bank, BN Gharti. &ldquo;We cannot say anything until the investigation is concluded,&rdquo; Gharti said. Earlier, on September 25, some fraudsters claiming to be staff members of the bank branch in Kalanki had withdrawn Rs 8 million using the bank&rsquo;s letter pad and seal. The head office had enquired the whereabouts of the cash after it did not find the money deposited at Kalanki branch until the next day. The bank informed that it discovered the fraudulence only after the Kalanki branch told the head office that such cash was not brought from the Thamel branch on that day.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Nepal Rastra Bank (NRB) spokesperson Bhaskar Mani Gnawali said that though they have received information about the loss of Rs 8 million, they did not initiate any action citing the case to be of criminal nature and CIB&rsquo;s initiation into the investigation.&nbsp;</div>',
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			'description' => 'Kist Bank initiated an investigation into a fraudulent case involving about Rs 8 million from its Thamel branch last week. The Central Investigation Bureau (CIB) as well as the bank itself initiated the investigation, according to Acting Chief Executive Officer of the Bank, BN Gharti. “We cannot say anything until the investigation is concluded,”',
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Code Context
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		'Article' => array(
			'id' => '1968',
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			'title' => 'Investors Welcome Quarterly Report',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<strong>--By Bikram Chitrakar</strong></div>
<div>
	&nbsp;</div>
<div>
	<img alt="Sectors" src="/userfiles/images/sector%20(Copy).jpg" style="float: right; margin: 0px 0px 0px 10px; width: 300px; height: 916px;" />The secondary market of Nepal placed itself in greener terrain as investors welcomed a healthy quarterly report from listed companies. The benchmark Nepse index moved higher by 27.02 points or 5.04 per cent to rest at 536.38 while the highest index was reached on 31 July with 547.61 and lowest on 16 July with 509.36.</div>
<div>
	&nbsp;</div>
<div>
	Healthy fourth-quarterly financial reports of many listed companies have stepped up capital market heat as share prices surged after positive reports in expectation of better returns. Interest rates from different financial institutions perfectly blend with investors&rsquo; confidence and growth in transaction.</div>
<div>
	&nbsp;</div>
<div>
	Announcement of the budget on time and emphasis on monetary policies to increase the capital base of Banking and Financial Institutions within a year has further opened the way for mergers, right shares and bonus shares of many institutions. The insurance sector was boosted initially with the news of increasing capital requirements, as was the banking sector.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Investors were keen to purchase stocks of select institutions that are likely to go for mergers. This has been noticed in the trading session, irrespective of the insititutions&rsquo; financial soundness. Total volume improved due to these. However, the volume gain was trimmed off with the news of promoters floating their shares to the public through the conversion process.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Additionally, the market has picked up with a healthy performance of financial institutions, insurance and hydropower companies although a few stagnant periods for profit-booking were also there. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 14px;"><strong>Performance by Major Sectors</strong></span></div>
<div>
	During the review period, it was seen that the insurance sector escalated by a lofty 235.47 points or 20.01 per cent to rest at 1177.03. Similarly, the hydropower sector went up by 141.45 points to close at 1203.45. Commercial banks added 18.77 points followed by 17.18 points up in development banks. Others sectors gained 11.75 points or 1.81 per cent to rest at 648.54 while the manufacturing sector inclined 10.11 points to 878.83. The hospitality sector, however, descended by 13.08 points or 2.02 per cent to settle&nbsp;</div>
<div>
	at 646.23.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Sensitive index measuring the performance of 120 blue chips scrip at the secondary market went uphill by 5.47 points or 4.11 per cent to 133.18 while, the float index calculated on the basis of real transaction ascended by 2.09 points or 5.55 per cent to 37.65. A total turnover of Rs. 3,246,999,238 was realised during the review period from 11,009,397 units of share trade via 38,657 transactions.</div>
<div>
	&nbsp;</div>
<div>
	The accompanying figure shows the sector-wise distribution based on total volume of trade where the commercial banking sector dominated by covering 63.01 per cent of total trade. The insurance sector accounted for 15.66 per cent, the hydropower sector occupied 10.16 per cent and remaining sectors made up for the rest.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Technically, the Simple Moving Average (SMA) is dominated by the Nepse index. However, the key resistance area near the level of 530 shows some tight level for new direction.</div>
<div>
	(Chitrakar is a Stock Analyst with Jamb Technologies Pvt Ltd.)</div>',
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			'description' => 'A healthy fourth-quarterly report brings good tidings for financial markets and major sectors of the economy',
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			'title' => 'A Survival Story',
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			'summary' => null,
			'content' => '<div>
	<strong><img alt="Anup B Malla" src="/userfiles/images/malla%20(Copy).jpg" style="float: right; margin: 0px 0px 0px 10px;width: 300px; height: 420px;" /></strong></div>
<div>
	&nbsp;</div>
<div>
	Anup B Malla, Chairman of Nepal Kangri Carpet Industry (P) Ltd and President of Nepal Carpet Exporters&rsquo; Association is one of the oldest players in the carpet business of Nepal. Malla has dedicated three decades of his life for the promotion of carpet export from Nepal. Malla, who is also the Chairperson of FNCCI&rsquo;s Export Promotion Committee, says he has survived through the hardest times in the carpet business.</div>
<div>
	&nbsp;</div>
<div>
	In his starting days, Malla didn&rsquo;t have dreams of being in business. As a student of science, he had plans of becoming an engineer. To pursue his dream, he went to Pune to study engineering, but unfortunately had to return back within three months. &ldquo;My mother was diagnosed with liver cancer. The news came to me as a shock, and I had to return to look after the family as I was the only son,&rdquo; recollects Malla.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	After his return, his life took a different turn. As carpet business was booming in those days, his father opened a carpet factory for him, and he got involved in the business from the year 1984. Prior to this, Malla hadn&rsquo;t taken any responsibilities for his family, and it was quite tough for him in the start. &ldquo;It was hard for me, but I had to do it for my family. The factory I started from was quite a small one, with 22 looms and around 90 employees,&rdquo; remembers Malla.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Rise of Business</strong></span></div>
<div>
	Soon, Malla started learning about the business, and saw tremendous prospects in it. The industry was in a primitive stage back then, and all the processes of manufacturing were done manually. &nbsp;He supplied the carpets to local exporters who then exported them to countries like Germany, Holland, France and England among others. He wanted to export directly to Europe, and started to get completely involved in his business.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	In 1986, Malla met with an official from Eastern Kayam OCM, a London based carpet exporter. He received orders from the company and stared directly exporting the carpets. At that time, he was exporting around 200-300 square metres of carpet a month. The carpets he exported were branded by the company as Kangri Carpet, and then he also renamed his company as Nepal Kangri Carpet Industry in 1991. &nbsp; &nbsp;&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Though he was satisfied from his exports, Malla wanted to expand his business. His big break came in the year 1989 when he went to participate in Germany&rsquo;s biggest carpet and floor covering fare, Domotex. It was Malla&rsquo;s first time abroad, and first time in an aeroplane. When was in the Fare, he realized that the demand for Nepali carpets was tremendous in the European market. He had taken with him a few photographs of his products, and two small carpets for demonstration. He was very well received in the Fare, and the two carpets that he had taken sold as hot cakes.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	He received numerous enquiries about his products and production capacity. To his surprise, he received an order for producing 2700 square metres of carpet, which was worth 200,000 US Dollars at that time.</div>
<div>
	&nbsp;</div>
<div>
	Happy with the order, he returned back and increased the capacity of his industry. In the year 1993, his company was among the top ten carpet exporters. Malla then regularly participated in Domotex, and had many customers. When the business was on peak, his industry exported 125,000 square metres of carpet in a year. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong><img alt="Anup B Malla" src="/userfiles/images/malla1%20(Copy).jpg" style="float: left; margin: 0px 10px 0px 0px;width: 300px; height: 544px;" />Downfall and Survival</strong></span></div>
<div>
	What goes up must come down, and same proved to be true for the Nepali carpet business. Around the year 1995, the demand for Nepali carpets started to decline. According to Malla, this was chiefly because Nepali manufacturers compromised in the quality of the carpets. Also, Indian imitation carpets were flooding the European market. There were also the issues of child labour and toxic dyes used in carpets. All of these contributed the downfall of Nepali carpet industry. To worsen the situation, the country was hit by the armed conflict, power crisis and strikes. &ldquo;Around the year 1993/94, the carpet business went down, and hasn&rsquo;t gained the momentum till today. The exports are going down every year,&rdquo; says Malla.</div>
<div>
	&nbsp;</div>
<div>
	Owing to the decline in exports, many companies shut down and there were no new players in the market. Ordinary carpets were no more in demand, and the importers wanted new designs, and very high quality products. &ldquo;. It was the time for research and development, and tie to employ new advanced technologies. The situation called for a drastic change in the carpet manufacturing sector. It was survival of the fittest,&rdquo; recalls Malla. &nbsp;Determined to continue with his business, Malla paid more attention to the demands. The market now has demands for better quality products, with new designs and new colours and new trend.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Malla tried his best to change with the changing times, and survived when it very tough. At present, Kangri Carpet Industry exports around ten to twelve thousand square metres of carpet a year. Last year, his company exported to 10,000 square metres of carpet. &ldquo;The capacity of our industry is much more than this, but it&rsquo;s hard to predict the market these days, so we produce in moderation,&rdquo; says Malla.</div>
<div>
	&nbsp;</div>
<div>
	Malla believes himself to be a survivor who made it through the toughest of times.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Early Life</strong></span></div>
<div>
	Malla was born in Sinamangal of Kathmandu in 2022 BS to Govinda Bahadur Malla and Malla Keshar Kumari Malla. Malla says he grew up in a very protective and possessive family as he was born after six sisters. He went to Bhanubhakta Memorial School for his primary education and passed his SLC from Demonstration Multipurpose School (DMPS).&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Malla married Suchita Malla in the year 2049 BS. His mother has passed away just a year ago, and was pressurized by the family for marriage. As all of his sisters were married, and there was no female member in the family, He had to make the decision very quickly. &nbsp;&ldquo;Around that time, I saw a girl at Thapathali Campus. I was instantly attracted, and it was love at first sight,&rdquo; recalls Malla. He couldn&rsquo;t find the courage to talk to her, but wrote a letter to her proposing for marriage. They started talking on phone, and got to know each other better. Everything went fine and they married about six months later. &ldquo;Looking back, I feel I made a very good decision. I am a very happily married man today,&rdquo; says Malla. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong><img alt="Anup B Malla" src="/userfiles/images/malla2%20(Copy).jpg" style="float: right; margin: 0px 0px 0px 10px;width: 300px; height: 438px;" />Personal Side and Philosophies</strong></span></div>
<div>
	Malla gets up at 6 every morning and exercises for an hour. He has been doing Pranayam and Yoga for the last ten years. Tennis and swimming are his hobbies, and also like music and singing. He was the vocalist of a rock band when he was young. Lately, he is attracted by classical music. Malla loves to have free time to spend with his family, and believes in living life to the fullest. &ldquo;Enjoying and living life is the major thing for me. I don&rsquo;t run after money because it is sheer necessity. In that sense, I may not be very ambitious,&rdquo; shares Malla.</div>
<div>
	&nbsp;</div>
<div>
	&nbsp;Malla usually spends his Fridays with friends and family. GG Machan at Jhamsikhel is his favourite place to hang out. He is a frequent traveller, and has been to almost al of Europe, many states of USA, China, Singapore, Thailand, Cambodia and many other countries. According to Malla, many perceive him as an arrogant and tough person. &ldquo;Those who are newly acquainted with me feel that way about me. In fact, I am a very soft hearted and easy going person,&rdquo; says he. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Malla believes in hard work, and says one has to know pain and hardship to enjoy happiness in life. &ldquo;I have faced many problems in my life and suffered a lot at an early age. That&rsquo;s why I can fully enjoy and cherish my success. I am very happy and satisfied with my life,&rdquo; says he.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Future</strong></span></div>
<div>
	If the business environment becomes friendlier, Malla says that he may be involved in manufacturing such commodities that can be locally consumed and exported as well. As export has always been his expertise, Malla says Nepal should realize its export potentials. &ldquo;Nepal is gifted with a wide variety of climate, temperature and ecosystem. We have many products with comparative advantage. We should be able to turn these into products with competitive advantage,&rdquo; opines Malla. &nbsp;He also believes that more such products should be sought apart from the 19 items promoted by the government.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	To be successful, one should be involved in those occupations that make us happy, says Malla. &ldquo;If we turn our passion into our occupation, then success will surely follow. Life paves way for us, we just have to be alert and follow,&rdquo; says Malla.</div>
<div>
	&nbsp;</div>',
			'published' => true,
			'created' => '2013-10-08',
			'modified' => '2013-10-09',
			'keywords' => 'new business age personality news & articles, personality news & articles from new business age nepal, personality headlines from nepal,  current and latest personality news from nepal, economic news from nepal, nepali personality economic news and events,  ongoing  personality news of nepal',
			'description' => 'Anup B Malla, Chairman of Nepal Kangri Carpet Industry (P) Ltd and President of Nepal Carpet Exporters’ Association is one of the oldest players in the carpet business of Nepal.',
			'sortorder' => '1816',
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	(int) 2 => array(
		'Article' => array(
			'id' => '1964',
			'article_category_id' => '41',
			'title' => 'Health Is Wealth:  The Rise Of Private Hospitals In Nepal',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>--By Suraksha Adhikari</strong></div>
<div>
	&nbsp;</div>
<div>
	Lately, the country has seen a lot of investment in the healthcare sector. A number of private companies have invested in the construction of hospitals among which most private hospitals have already started operation.</div>
<div>
	&nbsp;</div>
<div>
	There is a strong presence of private sector in the domestic healthcare service industry with medical institutions like Om Hospital, B&amp;B Hospital, Medicare Hospital, Kathmandu Medical College and Manipal Medical College. However, the latest wave of investments from the private sector shows that healthcare is now turning into an attractive area of investment.</div>
<div>
	&nbsp;</div>
<div>
	The Chaudhary Group was perhaps the first old business house in Nepal to foray into the healthcare sector in an institutional way. The group established Norvic International Hospital (then known as Norvic Health Care and Research Centre) in 1994. Two leading private hospitals, Om Hospital and Medicare Hospital, were upgraded from nursing homes. &nbsp;Adding to the list, Vayodha hospital, Grande hospital, Neuro hospital, Welcare hospital and others have been established with commitment to provide high standard healthcare service.</div>
<div>
	&nbsp;</div>
<div>
	The expansion and success of private hospitals in Nepal, the ever growing need of quality healthcare service and the poor performance of public health outlets have provided immense opportunities for the private sector. As there is a huge gap between the demand and supply in domestic healthcare services, the domestic market is large enough for private players to survive and make profits.</div>
<div>
	&nbsp;</div>
<div>
	Private Sector in Hospital Business</div>
<div>
	Private investment in hospitals has seen a significant increase in recent years. Even big corporate houses are keen to invest in these sectors. Norvic, Vayodha and Grande International are some visible examples to show that the private sector has seen potential in healthcare business.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Of late, foreign joint ventures are slowly making inroads into the Nepali healthcare sector. Norvic Hospital has recently entered into an agreement with India&rsquo;s Medanta Medicity, one of the leading hospitals in India, for technology transfer and expertise in the medical field.</div>
<div>
	&nbsp;</div>
<div>
	Very soon, Norvic Hospital will be importing machines worth approximately Rs one billion. The machines include CT scan, MRI, and Mamogram machines, world&rsquo;s latest endoscopy machines and other latest imaging equipments.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Grande International Hospital has entered Nepal with an investment of Rs 3.5 billion. The project has been promoted and managed by the CE Group in Nepal and will be under the professional supervision of an expert team from Samitivej Hospital, Thailand. The 15-storey hospital has 10 operation theatres and many added features including a wellness center, internet lounge, coffee shop, restaurants and so on. There are 18 ICUs, 12 CCUs and 4 NICs with separate medical gas supply for isolation rooms. The infrastructure in the hospitals include helipad services, wheelchair accessibility, fire fighting systems, earthquake resistance systems, complete waste management and disposal systems among others.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Vayodha Hospitals Pvt Ltd has also poured a sizable amount of money in the Nepal&rsquo;s health care sector to serve the community. One of the unique features of this hospital includes the TURP Rooftop helipad for patients to be airlifted from any corner of the country within 30 minutes after getting reliable information. It also has a Physiotherapy Department with complete physiotherapy services, ICU with 11 beds, post-operative wards, an endoscopy centre, and a Eurology department including Mini PCNL, Pathology Department, in-house pharmacy and ambulance that is available 24 hours for normal and critical patients. Vayodha has signed an exclusive agreement with Fortis Escorts Heart Institute, New Delhi for an Excellent Cardiac Care in the hospital. Fortis Escorts will appoint a full time Invasive Cardiologist at Vayodha along with a trained medical team.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Along with these, many other private hospitals are being established in Nepalgunj, Dang, Biratnagar and other parts of Nepal. Gopi Neupane, General Secretary of the Association of Private Health Institution of Nepal (APHIN) said that there are 366 private hospitals in the country with an investment of approximately Rs 30 million.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Hospitals in Nepal: Private hospitals and Government hospitals</div>
<div>
	According to data from the Ministry of Health and Population (MoHP), there are 366 private hospitals in Nepal among which 99 hospitals are located in the Kathmandu Valley. In comparison, 123 government hospitals are under the MoHP which proves the vast gap between private and government hospitals in Nepal.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Challenges in the business</div>
<div>
	With public health service still not being effective despite the government pumping in billions of rupees, the private sector&rsquo;s entry is believed to make healthcare services better, professional and more reliable. However, there is also the question of affordability. Will the common people have access to these high-end medical facilities? Will they be able to access services? These are some pertinent questions. Private hospitals are also facing various hurdles in government regulation. &nbsp;The government has been imposing heavy taxes upon these hospitals. &ldquo;Being service-providing institutions, private hospitals should not be imposed various taxes but the government neither removes tax from us nor facilitates us as an industry sector,&rdquo; says an official at Norvic Hospital. The government also does not help these hospitals in importing equipments and technologies.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Besides this, private hospitals established some years ago are also facing problems with the parameters that the government has set up recently. Parameters such as environment assessment tests, earthquake resistant building, etc are some which hospitals cannot comply with. As the buildings have been constructed a long time ago, it would be next to impossible to impose these parameters on them.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	With these complications, private hospitals are still making their way towards a progressive future with their promptness, efficiency and quality services in the healthcare sector which is the ultimate desire of all citizens. Following the slogan &ldquo;Health is Wealth&rdquo;, they have been able to attract a large size of the population with their reliable services.&nbsp;</div>',
			'published' => true,
			'created' => '2013-10-08',
			'modified' => '2013-10-09',
			'keywords' => 'new business age sectoral news & articles, sectoral news & articles from new business age nepal, sectoral headlines from nepal,  current and latest sectoral news from nepal, economic news from nepal, nepali sectoral economic news and events,  ongoing  sectoral news of nepal',
			'description' => 'Lately, the country has seen a lot of investment in the healthcare sector. A number of private companies have invested in the construction of hospitals among which most private hospitals have already started operation.',
			'sortorder' => '1815',
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	(int) 3 => array(
		'Article' => array(
			'id' => '1955',
			'article_category_id' => '99',
			'title' => 'Eco Revolution 2013 Held In Pokhara',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<img alt="" src="/userfiles/images/eco1.jpg" style="width: 550px; height: 173px; margin-left: 20px; margin-right: 20px;" /></div>
<p>
	An international conference on environment and humanity named &lsquo;Eco Revolution 2013&rsquo; was organized in Pokhara from 29 September to 1 October. The Conference was organized for the first time in Nepal, and had around 275 participants from Nepal, India and Sri Lanka. The Conference was jointly organized by Eco Needs Foundation India, Pokhara Engineering College and Sadaham Sevana, Sri Lanka.<br />
	<br />
	According to the organizers, the main purpose of the conference was to have a constructive dialogue on sustainable development pathways for developing countries with special attention on areas like economics, aesthetics, Buddhism, energy, industry and agriculture. The conference focus on the current research trends and advances in environment, and&nbsp; broadly encompasses areas like global environment change and disaster, environmental issues in the chemical/petroleum industries, causes and impact of climate change on biodiversity, bio-treatment, bio-transformation, bio-catalysis for treatment of air contaminants and changes in mountain biodiversity among others. Experts of various sectors presented 121 different papers in the Conference.<br />
	<br />
	International conference on sustainable Environment Eco Revolution-2011 was held in India and the International conference on Environment and Humanity Eco Revolution-2012 was held in Sri Lanka. The next eco revolution conference will be held in Thailand.&nbsp;</p>',
			'published' => true,
			'created' => '2013-10-07',
			'modified' => '2013-10-08',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'An international conference on environment and humanity named ‘Eco Revolution 2013’ was organized in Pokhara from 29 September to 1 October. The Conference was organized for the first time in Nepal, and had around 275 participants from Nepal, India and Sri Lanka.',
			'sortorder' => '1814',
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	(int) 4 => array(
		'Article' => array(
			'id' => '1954',
			'article_category_id' => '157',
			'title' => 'Szechuan Connection At China Garden',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<img alt="" src="/userfiles/images/sssez%20(Copy).jpg" style="margin-left: 20px; margin-right: 20px; width: 550px; height: 212px;" /></div>
<div>
	&nbsp;</div>
<div>
	<strong>--By Sujan Tiwari</strong>
	<div>
		<br />
		China Garden restaurant at Soaltee Crowne Plaza is giving its customers a delicious way to enjoy the upcoming Dashain. The restaurant has started a new food promotion named &lsquo;Szechuan Connection&rsquo; from 1 October and it will last for two weeks. According to Rena Sharma, Assistant Manager, Marketing and Public Relations at Soaltee, the food promotion is designed such that it coincides with the upcoming Dashain. &ldquo;This promotion is intended for Nepali customers so that they can enjoy the festive time with us at Soaltee. We are offering delicious cuisine at a very affordable price through this promotion,&rdquo; says Sharma.<br />
		<br />
		As the name suggests, the promotion features various Szechuan dishes. The cuisine comes to life through scrumptious sea food, pork, lamb and chicken delicacies. Mushrooms are also used intensively in the cuisine. According to Yuba Raj Pokharel, Executive Sous Chef at Soaltee, Szechuan cuisine is loved the world over and also suits Nepali palate.<br />
		<br />
		You can choose from four fixed menus, each of which has soups, starters, mains and desserts. Each set looks equally delicious and colourful. The soups include tofu shitake fresh chilli soup, pickled ginger corn soup, spicy wanton soup and clear garlic noodle soup. The menus have numerous tasty starters like Singapore chilli chicken, prawn Szechuan pepper, aniseed smoked fish with crab meat sweet chilli sauce and mushroom skewers with cilantro burnt chilli sauce. &nbsp;<br />
		<br />
		Mains are equally abundant, and dishes include salted fish fried rice, Szechuan tuna fried rice, steamed noodles with burnt garlic chilli sauce and dragon prawn Szechuan crab meat sauce among others. One of the best dishes in the entire assortment is celery burnt chilli spare ribs. It is a pork rib dish that is first pot roasted in slow heat with ginger garlic, scallion and other spices. The ribs are again tossed in a rich sauce of chilli, ginger garlic, spices and some wine. The ribs are very tender, succulent and really delicious.<br />
		<br />
		A nice ambience and the rich Szechaun cuisine await you this Dashain at China Garden. The price of the fixed menu range from Rs 1350 to Rs 2200 excluding the taxes, and each menu is enough for two. A bottle of Carlsberg beer or a glass of wine comes complementary with each menu. So, eat, drink and be merry this festive season at Soaltee.
		<p>
			&nbsp;</p>
		<p>
			<img alt="szechuan" src="/userfiles/images/sez%20(Copy).jpg" style="width: 550px; height: 116px; margin-left: 15px; margin-right: 15px;" /></p>
	</div>
</div>
<p>
	&nbsp;</p>',
			'published' => true,
			'created' => '2013-10-07',
			'modified' => '2013-10-08',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'China Garden restaurant at Soaltee Crowne Plaza is giving its customers a delicious way to enjoy the upcoming Dashain. The restaurant has started a new food promotion named ‘Szechuan Connection’ from 1 October and it will last for two weeks. According to Rena Sharma, Assistant Manager, Marketing and Public Relations at Soaltee, the food promotion is designed such that it coincides with the upcoming Dashain.',
			'sortorder' => '1813',
			'image' => null,
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	(int) 5 => array(
		'Article' => array(
			'id' => '1963',
			'article_category_id' => '40',
			'title' => 'NEWBIZ BUSINESS CONCLAVE AND AWARDS 2013 : Panacea For Growth, Saluting The Best',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&ldquo;The political agenda dominated the national discourse and popular action in the last six decades of democratization of Nepal. Now is the time to evolve into the phase of economic agenda being on the top. The private sector of Nepal is the engine of growth, being efficient and cost-effective, and the government is to facilitate it through investment security, enabling laws like new Industrial Enterprise Act and Foreign Direct Investment Policy, et al.&rdquo;</div>
<div>
	&nbsp;</div>
<div>
	Thus spoke Shankar Koirala, Minister for Finance, Industries &amp; Commerce, Government of Nepal, inaugurating the maiden edition of the NewBiz Business Conclave &amp; Awards 2013, held in Hotel Soaltee Crowne Plaza on August 24.</div>
<div>
	&nbsp;</div>
<div>
	Nothing could have captured the mood, the spirit and the essence of this Conclave better than this statement. The Conclave was dedicated to finding a roadmap to doubling the economic growth from current 3.6% growth of the GDP to 7%, and beyond.</div>
<div>
	&nbsp;</div>
<div>
	In groups of three to five speakers, a large number of fore-ranking economists, thought-leaders, businessmen and invited guests from abroad focused on what may make the great Himalayan promise fulfilled and Nepal moving from the status of Least Developed Country to a Developing One within a decade by doubling its growth.</div>
<div>
	&nbsp;</div>
<div>
	&lsquo;Yes! We Can!&rsquo; was the spirit. &lsquo;Can Do&rsquo; was the motto. Even problems were noted as challenges to be tackled sooner or later. Indeed, for some time past now, in spite of several economic challenges, there has been a gradual amelioration of the situation too.</div>
<div>
	&nbsp;</div>
<div>
	Decades of political unrest, bitter ideological conflict, a shaky frame-work of democracy, despondency among some sections of the people, and challenges to entrepreneurship and of infra-structure have surely brought in an air of hopelessness among some youths. And, there is a large number of educated or skilled youths who are leaving the country for greener pastures around the world. It is not a wonder that Nepal receives as remittance equivalent to nearly a quarter of its GDP.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Not withstanding the challenges, every Nepali at heart dreams for turning the nation of exquisite beauty into the Switzerland of Asia. Every educated Nepali rightly wants to reap the best economic advantages of being land-locked between two large and fast developing neighbours, India and China. And, today, most adult citizens of this nation are waiting for ensuing elections to be held in time and peacefully, and political parties agreeing on a common economic agenda to take the country into a prosperous future.</div>
<div>
	&nbsp;</div>
<div>
	That was the spirit of the speakers in the Conclave (more details in later sections). Just a sampling of the views expressed in the Conclave:&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;">&ldquo;Last year service sector in Nepal grew by 6% and industry by 3% and hence it is not difficult to achieve 7% overall growth in a couple of years in Nepal. Industries here are running at half their capacity and just a better capacity utilization with a better labour situation and investments will double the growth.&rdquo;</span></div>
<div>
	&nbsp;</div>
<div style="text-align: right;">
	<strong>- Dr Yuba Raj Khatiwada</strong></div>
<div style="text-align: right;">
	<strong>Governor, Nepal Rastra Bank</strong></div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;">&ldquo;Vocational education is on the rise in Nepal, which is encouraging. The small and medium industries sectors are surviving by sheer hard work rather than an enabling business environment, and they must be encouraged.&rdquo;</span></div>
<div>
	&nbsp;</div>
<div style="text-align: right;">
	<strong>- Rameshore Khanal</strong></div>
<div style="text-align: right;">
	<strong>Former Finance Secretary</strong></div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;">&ldquo;There are ample opportunities to promote specific districts with specific business focal points, like Dhading can be the organic district in order to access and expand the market of vegetables which covers the one-third of the Kathmandu market&hellip;.. Timely election being held, political class must rise to the occasion towards drawing a&nbsp;</span><span style="font-size: 14px;">Common Minimum Economic Agenda, towards which we from Nepal Inc are working.&rdquo;</span></div>
<div>
	&nbsp;</div>
<div style="text-align: right;">
	<strong>-Suraj Vaidya</strong></div>
<div style="text-align: right;">
	<strong>President, Federation of Nepalese Chambers of Commerce &amp; Industry</strong></div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;">&ldquo;It&rsquo;s not just heritage and adventure, there are lot of scope in Nepal in terms of business and MICE tourism (Meeting, Incentive, Convention &amp; Exhibition).&rdquo;</span></div>
<div>
	&nbsp;</div>
<div style="text-align: right;">
	<strong>- Amran Abdul Rahman</strong></div>
<div style="text-align: right;">
	<strong>Director, Malaysia Tourism</strong></div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;">&ldquo;Nepal can take a cue from Vibrant Gujarat Summit and its success in the economy of Gujarat, and can similarly bring in big ticket investments for hydro-power, infrastructure, manufacturing, tourism, agri-business and mines.&rdquo;</span></div>
<div>
	&nbsp;</div>
<div style="text-align: right;">
	<strong>- Sukanti Ghosh</strong></div>
<div style="text-align: right;">
	<strong>Managing Director (India), APCO Worldwide, USA</strong></div>
<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;">&ldquo;Nepal has more than half a century of planned economic development attempt. To achieve this target, we have to mechanise agriculture, commercial herbs, vegetables and fruits.&rdquo;</span></div>
<div>
	&nbsp;</div>
<div style="text-align: right;">
	<strong>-Binod Chaudhary</strong></div>
<div style="text-align: right;">
	<strong>President, Chaudhary Group</strong></div>
<div>
	&nbsp;</div>
<div>
	Where do we go from here? Future is pregnant with possibilities indeed.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Let&rsquo;s begin with the changing face of road network.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The Economic Survey of the Finance Ministry in 2013 says that more than 10,000 kms of roads are blacktopped, almost 6000 kms of road have been graveled, apart from nearly 8500 kms of earthen roads in Nepal. Except Humla and Dolpa, all other 73 districts have road access. The road connectivity with China has also added value to Nepal&rsquo;s economic sector. With the government trying to make the road investment strategy clear and long-term, there is enhanced interest of the private sector too in investing herein. The Public-Private-People Partnership driven Kathmandu-Kulekhani-Hetauda tunnel road is the signature evidence of this positivism.</div>
<div>
	&nbsp;</div>
<div>
	Coming to health and education, Nepal is on a positive direction to largely meet the Millennium Development Goals by 2015. Primary school enrolment has already crossed a whopping 95%, though at the secondary education level it is still one on three eligible children in education, in spite of some increase over the years. The latest infant mortality rate is at 9 per thousand live births, and maternal mortality rate has dropped to 229 per 100,000 live births, making the picture reasonably better than most South Asian neighbors. Significantly, nearly 4500 health institutions of various dimensions are providing health services to some 28 million people in this country. Nepal Living Standard Survey notes that one on four Nepalis today are below the poverty line, much better a situation than a decade or two ago.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Hydropower hopes have eluded the Himalayan nation for decades. Nepal&rsquo;s vast water resources are said to be next only to Brazil. However, till date Nepal is producing only 600 Megawatts of electricity whereas the known sources of hydropower can produce above 80,000 Megawatts, and it is still counting. This one sector alone can change the face of this nation. There are some clear signs towards progress. Upper Tamakoshi project with 456 Megawatts is progressing fast based on eco-friendly run-of-the-river model. Six other projects totaling around 240 Megawatts are also in progress. However, this sector needs clear and effective long-term policies, investment friendly environment and political stability.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The Agriculture sector has also taken a boost with 41 projec vts running on first priority and nine projects kept in second priority by the government, as listed by the National Planning Commission. These projects include special agriculture production program, co-operative farming, micro irrigation, livestock health service, agricultural research program, and others. The per hectare productivity today is around Rs.160,000, of the land available for agriculture and only 20 % is irrigated, and the average income of agriculture laborer has crossed Rs.70,000 per annum. Not the best of situations, but still no one dies of hunger in Nepal.</div>
<div>
	&nbsp;</div>
<div>
	In the manufacturing sector, the average growth rate per year over the last five years has been close to 2%. Production of food products, beverages, cigarettes, shoes, soaps, cement and plastic products have grown more than 3% per annum in this period. More than a thousand medium to large industries employing 300,000 of people function alongside more than a lac cottage and small industries with 600,000 people employed. Higher electricity and more and better roads can work miracles in this sector.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Finally, Tourism. It flourishes in tranquility. Civil war and political instability hitting tourism hard for some time in the past, Nepal is now witnessing positive signs with the total tourist arrivals in 2012 figuring 600,000 only by the air route! The average stay and spending per person per day are still low with less than 40 dollars a day spent by tourists. With 10 five star and 27 three and four star hotels, Nepal has a long way to go to tap the full potentials of tourism, which can be comparable to Malaysia or beyond.</div>
<div>
	&nbsp;</div>
<div>
	Yes, there is a long way to go for this beautiful nation of hardworking, patriotic and industrious people from the Mountains, Hills and the Terai-Madhesh, a nation where women have a better position in the society than many other South Asian nations in general in spite of poverty, a nation where youths work and study together in cities to earn economic independence, a nation where hugely diverse people live, work and enjoy each other&rsquo;s festivals together.</div>
<div>
	&nbsp;</div>
<div>
	The Nation awaits visionary statesman-like leadership ahead and the collective will of many to make a difference in the comity of nations.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The historic NewBiz Business Conclave and Awards is just the right step towards this direction: bringing to the fore the national economic priorities, trying to create a national consensus towards Common Minimum Economic Agenda, bringing forth the voices of business leaders and economists, and creating role models from among Nepal Inc in a nation where most political parties at least officially shun business and profits.</div>
<div>
	&nbsp;</div>
<div>
	Rightly did the NewBiz Chairman Madan Lamsal say at the onset of the awards ceremony, &ldquo;It is said that our work is our love made visible. This is indeed our labour of love. It is a historic moment to come to this point where New Business Age and Aarthik Abhiyan, the nation&rsquo;s leading business publications, salute the best performers in business who have been doing well in spite of economic challenges and political instability. And I congratulate each of the ten winners whom you will know in some moments from now one by one, in advance. We honor ourselves by honoring you. You have not done anything for awards, but for growth and development, to generate profits, employment, and welfare of a lot of people. You are our role models. A nation, yearning to grow, to be counted in the comity of nations, salute each of you for your extra ordinary achievement which will inspire the youth to dream and strive for more.&rdquo;</div>
<div>
	&nbsp;</div>
<table align="center" width="100">
	<tbody>
		<tr>
			<td>
				<img alt="NEWBIZ BUSINESS CONCLAVE AND AWARDS 2013" src="/userfiles/images/p1%20(Copy)(1).jpg" style="border-width: 0px; border-style: solid; width: 550px; height: 283px;" /></td>
		</tr>
		<tr>
			<td bgcolor="#DDDDDD">
				<div align="center">
					<div style="text-align: left;">
						Minister for Finance, Industries, Commerce and Supplies, Government of Nepal, Shankar Koirala along with Newbiz Chairman Madan Lamsal and other distinguished guests launched a book titled &mdash; Nepalko Arthik Briddhi Ek Margachitra (Sambriddha Nepal Abhiyan) during the Conclave &amp; Award ceremony at Soaltee Crowne Plaza.</div>
				</div>
			</td>
		</tr>
	</tbody>
</table>
<div>
	&nbsp;</div>
<table align="center" width="100">
	<tbody>
		<tr>
			<td>
				<img alt="NEWBIZ BUSINESS CONCLAVE AND AWARDS 2013" src="/userfiles/images/p2%20(Copy).jpg" style="border-width: 0px; border-style: solid; width: 550px; height: 443px;" /></td>
		</tr>
		<tr>
			<td bgcolor="#DDDDDD">
				<div align="center">
					<div style="text-align: center;">
						Invitees at registration desk of Newbiz Conclave &amp; Awards-2013</div>
				</div>
			</td>
		</tr>
	</tbody>
</table>
<div>
	&nbsp;</div>
<table align="center" width="100">
	<tbody>
		<tr>
			<td>
				<img alt="NEWBIZ BUSINESS CONCLAVE AND AWARDS 2013" src="/userfiles/images/p3%20(Copy).jpg" style="border-width: 0px; border-style: solid; width: 550px; height: 365px;" /></td>
		</tr>
		<tr>
			<td bgcolor="#DDDDDD">
				<div align="center">
					<div style="text-align: left;">
						<div>
							Binod Chaudhary, President Chaudhary Group exchanging words with Professor Dinesh Chapagain and former finance minister Madhukar SJB Rana at Newbiz Conclave &amp; Awards-2013.</div>
					</div>
				</div>
			</td>
		</tr>
	</tbody>
</table>
<div>
	&nbsp;</div>
<table align="center" width="100">
	<tbody>
		<tr>
			<td>
				<img alt="NEWBIZ BUSINESS CONCLAVE AND AWARDS 2013" src="/userfiles/images/p4%20(Copy).jpg" style="border-width: 0px; border-style: solid; width: 550px; height: 285px;" /></td>
		</tr>
		<tr>
			<td bgcolor="#DDDDDD">
				<div align="center">
					<div style="text-align: left;">
						Minister for Finance, Industries, Commerce and Supplies, Shankar Koirala along with Dr. Yuba Raj Khatiwada, Governor of Nepal Rastra Bank, Newbiz Chairman Madan Lamsal and moderator of the Conclave Achyut Wagle during the interactive session of the Conclave.</div>
				</div>
			</td>
		</tr>
	</tbody>
</table>
<p>
	&nbsp;</p>',
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			'description' => 'The Nation awaits visionary statesman-like leadership ahead and the collective will of many to make a difference in the comity of nations.',
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			'title' => 'Qatar’s New Destination In Saudi Arabia',
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			'summary' => null,
			'content' => '<p>
	<img alt="" src="/userfiles/images/qa.jpg" style="margin-left: 20px; margin-right: 20px; width: 550px; height: 168px;" /></p>
<p>
	Qatar Airways has expanded its operations in Saudi Arabia with the launch of scheduled flights to Ta&rsquo;if which is the airline&rsquo;s sixth destination in Saudi Arabia. Qatar Airways will operate four flights a week non-stop from Doha to Ta&rsquo;if. The addition of this new Saudi city takes the total number of destinations within the airline&rsquo;s network to 132. With the new four weekly flights, Qatar Airways now operates 69 flights a week to Saudi.<br />
	<br />
	Qatar Airways Chief Executive Officer, Akbar Al Baker said the airline was pleased to open this new gateway to Saudi Arabia. &ldquo;During the past few months we succeeded in launching two new destinations in Saudi Arabia &ndash; Al Gassim and now Ta&rsquo;if, which reflects our commitment to reinforcing relations between the State of Qatar and the Kingdom,&rdquo; Al Baker said. Qatar Airways new flights offer the people of Ta&rsquo;if a variety of travel options to more than 130 amazing destinations around the world including London, Paris, Singapore, Bangkok, Beijing, Johannesburg, Melbourne, Delhi and Mumbai. The Ta&rsquo;if route is operated with an Airbus A320 in a two-class configuration of 12 seats<br />
	in Business Class and 132 seats in Economy.</p>',
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			'description' => 'Qatar Airways has expanded its operations in Saudi Arabia with the launch of scheduled flights to Ta’if which is the airline’s sixth destination in Saudi Arabia. Qatar Airways will operate four flights a week non-stop from Doha to Ta’if. The addition of this new Saudi city takes the total number of destinations within the airline’s network to 132.',
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			'title' => 'Tara Air Flies To Tikapur',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Tara Air has started flights to Tikapur from 3 October. According to the Airline, there will be a scheduled flight on Thursday every week from Nepalgunj to Tikapur.Tara Air has already signed an agreement with Tikapur Airport Research Construction and Operation committee to conduct Kathmandu-Nepalgunj-Tikapur and Tikapur-Nepalgunj-Kathmandu flights. The fare for Tikapur-Nepalgunj is Rs 2,500 and for Tikapur-Kathmandu is Rs 7,500 and vice versa.<br />
	&nbsp;</p>',
			'published' => true,
			'created' => '2013-10-07',
			'modified' => '2013-10-08',
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			'description' => 'Tara Air has started flights to Tikapur from 3 October. According to the Airline, there will be a scheduled flight on Thursday every week from Nepalgunj to Tikapur.',
			'sortorder' => '1810',
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	(int) 8 => array(
		'Article' => array(
			'id' => '1951',
			'article_category_id' => '153',
			'title' => 'Opinion: ‘Possibilities Of The Commodity Market In Nepal’',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<span style="font-size:14px;">The third edition of the Money Expo for 2013 is being held in the capital at the end of this month. Aiming to promote investment opportunities and wealth protection strategies, this expo is the largest finance and investment show in Nepal. An interaction programme &lsquo;The possibilities of Commodity Market in Nepal&rsquo; was conducted by New Business Age on September 19 as headway to the Expo. Experts from the commodity market presented their opinion on the current status of this sector. <strong>Excerpts:</strong></span><br />
	<br />
	<img alt="Paristha Nath Poudyal ,Director, Securities Board of Nepal (SEBON)" src="/userfiles/images/pnp.jpg" style="width: 150px; height: 188px;" /></p>
<p>
	<strong>Paristha Nath Poudyal<br />
	Director, Securities Board of Nepal (SEBON)</strong><br />
	<br />
	&bull; The budget of 2070/71 has fixed that the regulation of the commodity market will be done by the Securities Board of Nepal (SEBON). For implementing this decision we have received a working procedure from the Ministry of Finance. We have been directed to submit an ordinance or some legal works to the ministry by mid November.<br />
	&bull; We have already completed two levels of discussion for this. We are improving the market first and then regulating it.<br />
	&bull; We have been studying the regulatory process of various countries like India, Singapore, Hong Kong, United Kingdom and others. We will develop the regulation process according to the context of our country by discussing with stakeholders and studying all other countries&rsquo; regulations.<br />
	&bull; The regulatory body is just a facilitator and we will work accordingly.<br />
	&bull; Rather than the board, the issues related to regulations should be a matter of concern to the government and it should not delay the task.<br />
	&bull; Training for investors is essential. This year we have planned to establish the &lsquo;Capital Market Research and Training Institute&rsquo;. This effort is meant for developing the skills of investors.</p>
<p>
	<br />
	<br />
	<img alt="Dipendra Khatiwada" src="/userfiles/images/dk.jpg" style="width: 150px; height: 188px;" /><br />
	<strong>Dipendra Khatiwada<br />
	Managing Director, Mercantile Exchange Nepal (MEX)</strong></p>
<p>
	<br />
	&bull;&nbsp;&nbsp; &nbsp;The major necessity of today&rsquo;s market is regulation. We have been requesting the government for the formation of regulations from a long time. Regulations develop assurance and build trust among the public.<br />
	&bull;&nbsp;&nbsp; &nbsp;Regulations are not complete in themselves. They should be formed in such a way that they can support exchange companies as well as develop credibility among people.<br />
	&bull;&nbsp;&nbsp; &nbsp;Gold imported to Nepal is not of high quality. Though the gold is said to be of triple line, we should examine whether they are really of that standard. Such checks develop credibility in customers but Nepal does not have such facilities.<br />
	&bull;&nbsp;&nbsp; &nbsp;We do not have the mechanism to verify the quality of goods. If those mechanisms are in places, we can import any goods. Laws should be practical and only goods that can be verified should be imported.<br />
	&bull;&nbsp;&nbsp; &nbsp;There is no investment friendly environment in this market. The willpower of investors has decreased. So the establishment of a warehouse in Nepal is not possible for at least 5 years. Only the regulatory body can bridge the gap.<br />
	&bull;&nbsp;&nbsp; &nbsp;Other financial instruments can be promoted in this condition. Commodity is itself a financial instrument. Hazing platform, price discovery and price dissemination can be developed in the form of financial instruments.<br />
	&bull;&nbsp;&nbsp; &nbsp;Without the will power of the government, people from the outside the government cannot do anything. The government is unable to decide on the issue of formation of regulation for the commodity market which has created problems.<br />
	&bull;&nbsp;&nbsp; &nbsp;We are dealing with exchanges only in our market. Supply and distribution is not possible in such a situation. In international practice too it is seen that in the exchange process, 5 per cent win and 95 percent lose. This reality should be realized by investors.<br />
	&bull;&nbsp;&nbsp; &nbsp;There are frequent transactions happening in the market. Though the quantity has decreased, the quality of transactions has increased and increase in quality is more essential than quantitative increment.</p>
<p>
	<br />
	<br />
	<img alt="Ram Sharan Upreti" src="/userfiles/images/rsu.jpg" style="width: 150px; height: 188px;" /><br />
	<strong>Ram Sharan Upreti<br />
	General Manager, Everest Commodities Limited</strong></p>
<p>
	<br />
	&bull;&nbsp;&nbsp; &nbsp;The problems of the commodity market have been divided into three parts. The foremost problem is the failure of the government to formulate policies; secondly, there is no uniformity in the working policy of commodity exchange companies; and thirdly, the investors are not properly educated about this market.<br />
	&bull;&nbsp;&nbsp; &nbsp;Concerned stakeholders have been discussing issues of the commodity market from the very beginning and stakeholders have been raising their voice regarding this issue. But the government is not showing its concern on this matter. The commodity market has a significant position but the government has not raised any issue regarding this market at discussions of the economy of the country.<br />
	&bull;&nbsp;&nbsp; &nbsp;The failure of conducting a proper exchange operation module is also a problem in this market. There are 10 exchanges operating in the market with different trading modules.&nbsp; Presently, there are two-three types of trading module in Nepal. These modules have different trading and pricing processes which has cause confusion among customers. An appropriate module for the market has not been identified yet which has minimized scope of new opportunity for investors.<br />
	&bull;&nbsp;&nbsp; &nbsp;Lack of proper awareness among investors on the commodity market is also a major problem in this sector. This market has been famous as a glamorous sector. Because of the same reason, the market reached its peak in a short period and did not take long to fall. The people have just understood it as an exchange market.<br />
	&bull;&nbsp;&nbsp; &nbsp;People who do not have proper knowledge come to this market and because of them, the market loses credibility.<br />
	&bull;&nbsp;&nbsp; &nbsp;The commodity market has been in operation for six years. But till date, real investors and organizational investors have not entered the market. Exchange companies have not been able to do something significant in the derivative mechanism.</p>
<p>
	<br />
	<img alt="Santosh Pradhan,Chairman, Nepal Derivative Exchange (NDEX)" src="/userfiles/images/ssp.jpg" style="width: 150px; height: 188px;" /><br />
	<strong>Santosh Pradhan<br />
	Chairman, Nepal Derivative Exchange (NDEX)</strong></p>
<p>
	<br />
	&bull;&nbsp;&nbsp; &nbsp;Commodity exchange is not complete in itself. There are various factors responsible to run this market smoothly. In the context of Nepal, actual commodity exchange has not been practiced yet.<br />
	&bull;&nbsp;&nbsp; &nbsp;An appropriate commodity exchange friendly eco-system is essential for this. The laws and physical infrastructure favourable to this market should be maintained. We must be able to access agricultural products in the international market by storing it in a facilitated warehouse.<br />
	&bull;&nbsp;&nbsp; &nbsp;The government should at least bring an ordinance to maintain regulations and issue license to exchanges and brokers.<br />
	&bull;&nbsp;&nbsp; &nbsp;Exchange companies should be specialized on the basis of their operation procedure, software, human resources and other measures of standardization. Unless this is done, all exchange companies have their own term of standards and they move forward with different schemes.<br />
	&bull;&nbsp;&nbsp; &nbsp;Transaction through warehouses can be the baseline for systematic initiation in this market. In the medium level this market can be developed through big financial institutions, and stakeholders and their trade risks can be addressed through the commodity market.<br />
	&bull;&nbsp;&nbsp; &nbsp;Nepal can be developed as an international financial center. The trade of gold and silver can be done in Nepal in bigger investment. National as well as international investors can invest in this and manage their portfolio.<br />
	&bull;&nbsp;&nbsp; &nbsp;Nepal is not in condition to run 10 commodity exchange at present. Maximum two exchanges would be enough.</p>
<p>
	&nbsp;</p>
<p>
	<br />
	<img alt="Santosh Pradhan, Chairman, Nepal Derivative Exchange (NDEX)" src="/userfiles/images/bs(1).jpg" style="width: 150px; height: 186px;" /><br />
	<strong>Bijesh Shrestha,<br />
	President and Managing Director, Asian Derivative Exchange (ADEX)</strong></p>
<p>
	<br />
	&bull;&nbsp;&nbsp; &nbsp;Everything has a fixed life cycle and so does a commodity market. The commodity market was established in Nepal in 2006 AD and during 2009-2011, it attracted a lot of investors. This expanded the market by mid 2012, it became mature. Anything that experiences drastic growth in a short period of time does not last long and the same thing happened to the commodity market. The market has completed a life cycle and it has to revise itself now with some improvements in regulations and other aspects.<br />
	&bull;&nbsp;&nbsp; &nbsp;Only paper transactions are being done in the commodity market&nbsp; till date. The market grew drastically and crashed immediately because of which customers are losing trust. Trust can be regained by forming a strong base. Similarly, improvement in the capital market and the real estate market is also essential for improving this market.<br />
	&bull;&nbsp;&nbsp; &nbsp;Though there are 10 exchange companies operating in the market, the number of investors does not exceed from 50-60. This shows decrement in the number of investors.<br />
	&bull;&nbsp;&nbsp; &nbsp;The regulatory body should pave the way for regulations and the exchange companies should follow it. This market should include transactions of exchange index and Nepse index to attract investors.</p>
<p>
	&nbsp;</p>
<p>
	<br />
	<img alt="Abhisek Gautam" src="/userfiles/images/ag.jpg" style="width: 150px; height: 186px;" /><br />
	<strong>Abhisek Gautam<br />
	General Manager,Commodity Futures Exchange (CFX)</strong></p>
<p>
	<br />
	&bull;&nbsp;&nbsp; &nbsp;There are more investors observing loss than earning profit in the commodity market.&nbsp; The number of customers in this market has decreased compared to the previous year. This market can observe negative effects which are created because of mismanagement of investors.<br />
	&bull;&nbsp;&nbsp; &nbsp;The commodity market lacks novelty at present. We are using the same old things just with some modification. There have been change in the marketing procedure but production and market is the same.&nbsp; The numbers of investors are decreasing because of security issues in the market.<br />
	&bull;&nbsp;&nbsp; &nbsp;The expansion and recession in the commodity market is directly proportional to the economic cycle. The market has been experiencing recession these days but it was booming some months ago. Everything has its own pace but the commodity market rose exceptionally fast and is experiencing downfall now.<br />
	&bull;&nbsp;&nbsp; &nbsp;Some national and international organizations have been boosting agriculture production, commercialization and pricing in Nepal. Those agriculture products should be included in this market but we are failing to do so as the act related to the warehouse has not been formed yet. Also not formed are shares, treasury bills and other financial instruments that would make the market more effective.</p>',
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			'description' => 'The third edition of the Money Expo for 2013 is being held in the capital at the end of this month. Aiming to promote investment opportunities and wealth protection strategies, this expo is the largest finance and investment show in Nepal. An interaction programme ‘The possibilities of Commodity Market in Nepal’ was conducted by New Business Age on September 19 as headway to the Expo.',
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			'article_category_id' => '109',
			'title' => 'Nepse Index Rises 3.61 Points',
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			'summary' => null,
			'content' => '<p>
	&nbsp;</p>
<p>
	<strong>--By Sagar Ghimire</strong><br />
	<br />
	Nepal Stock Exchange (Nepse) index rose by 3.61 points last week closing at 545.47. It had settled at 541.86 points on the first day (September 29) of the weekly trading.<br />
	<br />
	2,739,620 shares of 136 companies worth Rs 690 million were traded in 7662 transactions at the secondary market during the week.<br />
	<br />
	While the amount and units of share are 37.87 and 48.45 per cent higher in comparison to the previous week, the securities market observed decline in terms of scrips trade by 3.87 per cent.<br />
	<br />
	Except for the third day of the trading week, there were increments in the Nepse indices all the days of the trading week. Nepse index increased by 0.16 points on the first day (September 29) and by 0.14 second day (September 30) closing at 541.86 and 542 points, respectively. However, it fell by 0.12 points on the third day (October 1) closing at 541.88 points. Likewise, the index surged by 1.3 points the third day (October 2) also closing at 543.18 points and by 2.29 points on the last day (October 3) closing at 545.47. &nbsp;<br />
	<br />
	The sub-indices showed a mixed reaction. While the Insurance, Others, Bank, Hydropower and Development Bank sectors recorded gains, the Manufacturing, Hotel and Finance sectors posted losses during the week. The Other sector was the highest gainer increasing by 11.75 points. The Manufacturing sector was the highest loser shedding 28.65 points. Likewise, the sub-indices of the Insurance sector and Development Banks sector increased by 2.1 and 0.6 points, respectively. The Hotel and Finance sectors dropped by 16.32 and 0.4 points, respectively. There were no changes in the Trading sector. The Himalayan Bank remained at the top in the secondary market in terms of transaction amount, while its promoter share also observed the highest units of share trade during the week. Nepal Telecom&rsquo;s share was at the top in terms of market capitalization.<br />
	<br />
	The share price of 51 companies increased, while that of 49 companies declined during the week. Likewise, the share price of 36 companies remained stable.<br />
	(With the input from Jamb Technologies Pvt Ltd.)</p>
<p>
	<img alt="Sectors" src="/userfiles/images/seco.jpg" style="width: 500px; height: 351px; margin-left: 20px; margin-right: 20px;" /></p>
<hr />
<p>
	<span style="font-size:14px;"><strong>Nepse on Sunday</strong></span><br />
	Nepse index gained 6.19 points closing at 551.66, the first trading day of the week after the beginning of the Dashain festival. A total of 472,869 units of shares of 84 companies worth Rs 109.70 million were traded through 1,391 transactions on the day.<br />
	<br />
	Banking, Development Banks, Hydropower, Finance, Manufacturing and Processing and Others sectors&rsquo; sub-indices increased, while Hotels and Insurance observed decline.<br />
	<br />
	Others sector was the major gainer of the day. Its sub-index increased 12.92 points closing at 692. Hotels sub-index observed the highest decline of 41.78 points with closing at 699.64.<br />
	&nbsp;</p>',
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	Kist Bank initiated an investigation into a fraudulent case involving about Rs 8 million from its Thamel branch last week. The Central Investigation Bureau (CIB) as well as the bank itself initiated the investigation, according to Acting Chief Executive Officer of the Bank, BN Gharti. &ldquo;We cannot say anything until the investigation is concluded,&rdquo; Gharti said. Earlier, on September 25, some fraudsters claiming to be staff members of the bank branch in Kalanki had withdrawn Rs 8 million using the bank&rsquo;s letter pad and seal. The head office had enquired the whereabouts of the cash after it did not find the money deposited at Kalanki branch until the next day. The bank informed that it discovered the fraudulence only after the Kalanki branch told the head office that such cash was not brought from the Thamel branch on that day.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Nepal Rastra Bank (NRB) spokesperson Bhaskar Mani Gnawali said that though they have received information about the loss of Rs 8 million, they did not initiate any action citing the case to be of criminal nature and CIB&rsquo;s initiation into the investigation.&nbsp;</div>',
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			'summary' => null,
			'content' => '<div>
	<strong>--By Bikram Chitrakar</strong></div>
<div>
	&nbsp;</div>
<div>
	<img alt="Sectors" src="/userfiles/images/sector%20(Copy).jpg" style="float: right; margin: 0px 0px 0px 10px; width: 300px; height: 916px;" />The secondary market of Nepal placed itself in greener terrain as investors welcomed a healthy quarterly report from listed companies. The benchmark Nepse index moved higher by 27.02 points or 5.04 per cent to rest at 536.38 while the highest index was reached on 31 July with 547.61 and lowest on 16 July with 509.36.</div>
<div>
	&nbsp;</div>
<div>
	Healthy fourth-quarterly financial reports of many listed companies have stepped up capital market heat as share prices surged after positive reports in expectation of better returns. Interest rates from different financial institutions perfectly blend with investors&rsquo; confidence and growth in transaction.</div>
<div>
	&nbsp;</div>
<div>
	Announcement of the budget on time and emphasis on monetary policies to increase the capital base of Banking and Financial Institutions within a year has further opened the way for mergers, right shares and bonus shares of many institutions. The insurance sector was boosted initially with the news of increasing capital requirements, as was the banking sector.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Investors were keen to purchase stocks of select institutions that are likely to go for mergers. This has been noticed in the trading session, irrespective of the insititutions&rsquo; financial soundness. Total volume improved due to these. However, the volume gain was trimmed off with the news of promoters floating their shares to the public through the conversion process.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Additionally, the market has picked up with a healthy performance of financial institutions, insurance and hydropower companies although a few stagnant periods for profit-booking were also there. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 14px;"><strong>Performance by Major Sectors</strong></span></div>
<div>
	During the review period, it was seen that the insurance sector escalated by a lofty 235.47 points or 20.01 per cent to rest at 1177.03. Similarly, the hydropower sector went up by 141.45 points to close at 1203.45. Commercial banks added 18.77 points followed by 17.18 points up in development banks. Others sectors gained 11.75 points or 1.81 per cent to rest at 648.54 while the manufacturing sector inclined 10.11 points to 878.83. The hospitality sector, however, descended by 13.08 points or 2.02 per cent to settle&nbsp;</div>
<div>
	at 646.23.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Sensitive index measuring the performance of 120 blue chips scrip at the secondary market went uphill by 5.47 points or 4.11 per cent to 133.18 while, the float index calculated on the basis of real transaction ascended by 2.09 points or 5.55 per cent to 37.65. A total turnover of Rs. 3,246,999,238 was realised during the review period from 11,009,397 units of share trade via 38,657 transactions.</div>
<div>
	&nbsp;</div>
<div>
	The accompanying figure shows the sector-wise distribution based on total volume of trade where the commercial banking sector dominated by covering 63.01 per cent of total trade. The insurance sector accounted for 15.66 per cent, the hydropower sector occupied 10.16 per cent and remaining sectors made up for the rest.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Technically, the Simple Moving Average (SMA) is dominated by the Nepse index. However, the key resistance area near the level of 530 shows some tight level for new direction.</div>
<div>
	(Chitrakar is a Stock Analyst with Jamb Technologies Pvt Ltd.)</div>',
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			'description' => 'A healthy fourth-quarterly report brings good tidings for financial markets and major sectors of the economy',
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			'title' => 'A Survival Story',
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			'content' => '<div>
	<strong><img alt="Anup B Malla" src="/userfiles/images/malla%20(Copy).jpg" style="float: right; margin: 0px 0px 0px 10px;width: 300px; height: 420px;" /></strong></div>
<div>
	&nbsp;</div>
<div>
	Anup B Malla, Chairman of Nepal Kangri Carpet Industry (P) Ltd and President of Nepal Carpet Exporters&rsquo; Association is one of the oldest players in the carpet business of Nepal. Malla has dedicated three decades of his life for the promotion of carpet export from Nepal. Malla, who is also the Chairperson of FNCCI&rsquo;s Export Promotion Committee, says he has survived through the hardest times in the carpet business.</div>
<div>
	&nbsp;</div>
<div>
	In his starting days, Malla didn&rsquo;t have dreams of being in business. As a student of science, he had plans of becoming an engineer. To pursue his dream, he went to Pune to study engineering, but unfortunately had to return back within three months. &ldquo;My mother was diagnosed with liver cancer. The news came to me as a shock, and I had to return to look after the family as I was the only son,&rdquo; recollects Malla.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	After his return, his life took a different turn. As carpet business was booming in those days, his father opened a carpet factory for him, and he got involved in the business from the year 1984. Prior to this, Malla hadn&rsquo;t taken any responsibilities for his family, and it was quite tough for him in the start. &ldquo;It was hard for me, but I had to do it for my family. The factory I started from was quite a small one, with 22 looms and around 90 employees,&rdquo; remembers Malla.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Rise of Business</strong></span></div>
<div>
	Soon, Malla started learning about the business, and saw tremendous prospects in it. The industry was in a primitive stage back then, and all the processes of manufacturing were done manually. &nbsp;He supplied the carpets to local exporters who then exported them to countries like Germany, Holland, France and England among others. He wanted to export directly to Europe, and started to get completely involved in his business.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	In 1986, Malla met with an official from Eastern Kayam OCM, a London based carpet exporter. He received orders from the company and stared directly exporting the carpets. At that time, he was exporting around 200-300 square metres of carpet a month. The carpets he exported were branded by the company as Kangri Carpet, and then he also renamed his company as Nepal Kangri Carpet Industry in 1991. &nbsp; &nbsp;&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Though he was satisfied from his exports, Malla wanted to expand his business. His big break came in the year 1989 when he went to participate in Germany&rsquo;s biggest carpet and floor covering fare, Domotex. It was Malla&rsquo;s first time abroad, and first time in an aeroplane. When was in the Fare, he realized that the demand for Nepali carpets was tremendous in the European market. He had taken with him a few photographs of his products, and two small carpets for demonstration. He was very well received in the Fare, and the two carpets that he had taken sold as hot cakes.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	He received numerous enquiries about his products and production capacity. To his surprise, he received an order for producing 2700 square metres of carpet, which was worth 200,000 US Dollars at that time.</div>
<div>
	&nbsp;</div>
<div>
	Happy with the order, he returned back and increased the capacity of his industry. In the year 1993, his company was among the top ten carpet exporters. Malla then regularly participated in Domotex, and had many customers. When the business was on peak, his industry exported 125,000 square metres of carpet in a year. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong><img alt="Anup B Malla" src="/userfiles/images/malla1%20(Copy).jpg" style="float: left; margin: 0px 10px 0px 0px;width: 300px; height: 544px;" />Downfall and Survival</strong></span></div>
<div>
	What goes up must come down, and same proved to be true for the Nepali carpet business. Around the year 1995, the demand for Nepali carpets started to decline. According to Malla, this was chiefly because Nepali manufacturers compromised in the quality of the carpets. Also, Indian imitation carpets were flooding the European market. There were also the issues of child labour and toxic dyes used in carpets. All of these contributed the downfall of Nepali carpet industry. To worsen the situation, the country was hit by the armed conflict, power crisis and strikes. &ldquo;Around the year 1993/94, the carpet business went down, and hasn&rsquo;t gained the momentum till today. The exports are going down every year,&rdquo; says Malla.</div>
<div>
	&nbsp;</div>
<div>
	Owing to the decline in exports, many companies shut down and there were no new players in the market. Ordinary carpets were no more in demand, and the importers wanted new designs, and very high quality products. &ldquo;. It was the time for research and development, and tie to employ new advanced technologies. The situation called for a drastic change in the carpet manufacturing sector. It was survival of the fittest,&rdquo; recalls Malla. &nbsp;Determined to continue with his business, Malla paid more attention to the demands. The market now has demands for better quality products, with new designs and new colours and new trend.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Malla tried his best to change with the changing times, and survived when it very tough. At present, Kangri Carpet Industry exports around ten to twelve thousand square metres of carpet a year. Last year, his company exported to 10,000 square metres of carpet. &ldquo;The capacity of our industry is much more than this, but it&rsquo;s hard to predict the market these days, so we produce in moderation,&rdquo; says Malla.</div>
<div>
	&nbsp;</div>
<div>
	Malla believes himself to be a survivor who made it through the toughest of times.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Early Life</strong></span></div>
<div>
	Malla was born in Sinamangal of Kathmandu in 2022 BS to Govinda Bahadur Malla and Malla Keshar Kumari Malla. Malla says he grew up in a very protective and possessive family as he was born after six sisters. He went to Bhanubhakta Memorial School for his primary education and passed his SLC from Demonstration Multipurpose School (DMPS).&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Malla married Suchita Malla in the year 2049 BS. His mother has passed away just a year ago, and was pressurized by the family for marriage. As all of his sisters were married, and there was no female member in the family, He had to make the decision very quickly. &nbsp;&ldquo;Around that time, I saw a girl at Thapathali Campus. I was instantly attracted, and it was love at first sight,&rdquo; recalls Malla. He couldn&rsquo;t find the courage to talk to her, but wrote a letter to her proposing for marriage. They started talking on phone, and got to know each other better. Everything went fine and they married about six months later. &ldquo;Looking back, I feel I made a very good decision. I am a very happily married man today,&rdquo; says Malla. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong><img alt="Anup B Malla" src="/userfiles/images/malla2%20(Copy).jpg" style="float: right; margin: 0px 0px 0px 10px;width: 300px; height: 438px;" />Personal Side and Philosophies</strong></span></div>
<div>
	Malla gets up at 6 every morning and exercises for an hour. He has been doing Pranayam and Yoga for the last ten years. Tennis and swimming are his hobbies, and also like music and singing. He was the vocalist of a rock band when he was young. Lately, he is attracted by classical music. Malla loves to have free time to spend with his family, and believes in living life to the fullest. &ldquo;Enjoying and living life is the major thing for me. I don&rsquo;t run after money because it is sheer necessity. In that sense, I may not be very ambitious,&rdquo; shares Malla.</div>
<div>
	&nbsp;</div>
<div>
	&nbsp;Malla usually spends his Fridays with friends and family. GG Machan at Jhamsikhel is his favourite place to hang out. He is a frequent traveller, and has been to almost al of Europe, many states of USA, China, Singapore, Thailand, Cambodia and many other countries. According to Malla, many perceive him as an arrogant and tough person. &ldquo;Those who are newly acquainted with me feel that way about me. In fact, I am a very soft hearted and easy going person,&rdquo; says he. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Malla believes in hard work, and says one has to know pain and hardship to enjoy happiness in life. &ldquo;I have faced many problems in my life and suffered a lot at an early age. That&rsquo;s why I can fully enjoy and cherish my success. I am very happy and satisfied with my life,&rdquo; says he.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Future</strong></span></div>
<div>
	If the business environment becomes friendlier, Malla says that he may be involved in manufacturing such commodities that can be locally consumed and exported as well. As export has always been his expertise, Malla says Nepal should realize its export potentials. &ldquo;Nepal is gifted with a wide variety of climate, temperature and ecosystem. We have many products with comparative advantage. We should be able to turn these into products with competitive advantage,&rdquo; opines Malla. &nbsp;He also believes that more such products should be sought apart from the 19 items promoted by the government.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	To be successful, one should be involved in those occupations that make us happy, says Malla. &ldquo;If we turn our passion into our occupation, then success will surely follow. Life paves way for us, we just have to be alert and follow,&rdquo; says Malla.</div>
<div>
	&nbsp;</div>',
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			'description' => 'Anup B Malla, Chairman of Nepal Kangri Carpet Industry (P) Ltd and President of Nepal Carpet Exporters’ Association is one of the oldest players in the carpet business of Nepal.',
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	(int) 2 => array(
		'Article' => array(
			'id' => '1964',
			'article_category_id' => '41',
			'title' => 'Health Is Wealth:  The Rise Of Private Hospitals In Nepal',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>--By Suraksha Adhikari</strong></div>
<div>
	&nbsp;</div>
<div>
	Lately, the country has seen a lot of investment in the healthcare sector. A number of private companies have invested in the construction of hospitals among which most private hospitals have already started operation.</div>
<div>
	&nbsp;</div>
<div>
	There is a strong presence of private sector in the domestic healthcare service industry with medical institutions like Om Hospital, B&amp;B Hospital, Medicare Hospital, Kathmandu Medical College and Manipal Medical College. However, the latest wave of investments from the private sector shows that healthcare is now turning into an attractive area of investment.</div>
<div>
	&nbsp;</div>
<div>
	The Chaudhary Group was perhaps the first old business house in Nepal to foray into the healthcare sector in an institutional way. The group established Norvic International Hospital (then known as Norvic Health Care and Research Centre) in 1994. Two leading private hospitals, Om Hospital and Medicare Hospital, were upgraded from nursing homes. &nbsp;Adding to the list, Vayodha hospital, Grande hospital, Neuro hospital, Welcare hospital and others have been established with commitment to provide high standard healthcare service.</div>
<div>
	&nbsp;</div>
<div>
	The expansion and success of private hospitals in Nepal, the ever growing need of quality healthcare service and the poor performance of public health outlets have provided immense opportunities for the private sector. As there is a huge gap between the demand and supply in domestic healthcare services, the domestic market is large enough for private players to survive and make profits.</div>
<div>
	&nbsp;</div>
<div>
	Private Sector in Hospital Business</div>
<div>
	Private investment in hospitals has seen a significant increase in recent years. Even big corporate houses are keen to invest in these sectors. Norvic, Vayodha and Grande International are some visible examples to show that the private sector has seen potential in healthcare business.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Of late, foreign joint ventures are slowly making inroads into the Nepali healthcare sector. Norvic Hospital has recently entered into an agreement with India&rsquo;s Medanta Medicity, one of the leading hospitals in India, for technology transfer and expertise in the medical field.</div>
<div>
	&nbsp;</div>
<div>
	Very soon, Norvic Hospital will be importing machines worth approximately Rs one billion. The machines include CT scan, MRI, and Mamogram machines, world&rsquo;s latest endoscopy machines and other latest imaging equipments.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Grande International Hospital has entered Nepal with an investment of Rs 3.5 billion. The project has been promoted and managed by the CE Group in Nepal and will be under the professional supervision of an expert team from Samitivej Hospital, Thailand. The 15-storey hospital has 10 operation theatres and many added features including a wellness center, internet lounge, coffee shop, restaurants and so on. There are 18 ICUs, 12 CCUs and 4 NICs with separate medical gas supply for isolation rooms. The infrastructure in the hospitals include helipad services, wheelchair accessibility, fire fighting systems, earthquake resistance systems, complete waste management and disposal systems among others.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Vayodha Hospitals Pvt Ltd has also poured a sizable amount of money in the Nepal&rsquo;s health care sector to serve the community. One of the unique features of this hospital includes the TURP Rooftop helipad for patients to be airlifted from any corner of the country within 30 minutes after getting reliable information. It also has a Physiotherapy Department with complete physiotherapy services, ICU with 11 beds, post-operative wards, an endoscopy centre, and a Eurology department including Mini PCNL, Pathology Department, in-house pharmacy and ambulance that is available 24 hours for normal and critical patients. Vayodha has signed an exclusive agreement with Fortis Escorts Heart Institute, New Delhi for an Excellent Cardiac Care in the hospital. Fortis Escorts will appoint a full time Invasive Cardiologist at Vayodha along with a trained medical team.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Along with these, many other private hospitals are being established in Nepalgunj, Dang, Biratnagar and other parts of Nepal. Gopi Neupane, General Secretary of the Association of Private Health Institution of Nepal (APHIN) said that there are 366 private hospitals in the country with an investment of approximately Rs 30 million.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Hospitals in Nepal: Private hospitals and Government hospitals</div>
<div>
	According to data from the Ministry of Health and Population (MoHP), there are 366 private hospitals in Nepal among which 99 hospitals are located in the Kathmandu Valley. In comparison, 123 government hospitals are under the MoHP which proves the vast gap between private and government hospitals in Nepal.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Challenges in the business</div>
<div>
	With public health service still not being effective despite the government pumping in billions of rupees, the private sector&rsquo;s entry is believed to make healthcare services better, professional and more reliable. However, there is also the question of affordability. Will the common people have access to these high-end medical facilities? Will they be able to access services? These are some pertinent questions. Private hospitals are also facing various hurdles in government regulation. &nbsp;The government has been imposing heavy taxes upon these hospitals. &ldquo;Being service-providing institutions, private hospitals should not be imposed various taxes but the government neither removes tax from us nor facilitates us as an industry sector,&rdquo; says an official at Norvic Hospital. The government also does not help these hospitals in importing equipments and technologies.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Besides this, private hospitals established some years ago are also facing problems with the parameters that the government has set up recently. Parameters such as environment assessment tests, earthquake resistant building, etc are some which hospitals cannot comply with. As the buildings have been constructed a long time ago, it would be next to impossible to impose these parameters on them.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	With these complications, private hospitals are still making their way towards a progressive future with their promptness, efficiency and quality services in the healthcare sector which is the ultimate desire of all citizens. Following the slogan &ldquo;Health is Wealth&rdquo;, they have been able to attract a large size of the population with their reliable services.&nbsp;</div>',
			'published' => true,
			'created' => '2013-10-08',
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			'keywords' => 'new business age sectoral news & articles, sectoral news & articles from new business age nepal, sectoral headlines from nepal,  current and latest sectoral news from nepal, economic news from nepal, nepali sectoral economic news and events,  ongoing  sectoral news of nepal',
			'description' => 'Lately, the country has seen a lot of investment in the healthcare sector. A number of private companies have invested in the construction of hospitals among which most private hospitals have already started operation.',
			'sortorder' => '1815',
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	(int) 3 => array(
		'Article' => array(
			'id' => '1955',
			'article_category_id' => '99',
			'title' => 'Eco Revolution 2013 Held In Pokhara',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<img alt="" src="/userfiles/images/eco1.jpg" style="width: 550px; height: 173px; margin-left: 20px; margin-right: 20px;" /></div>
<p>
	An international conference on environment and humanity named &lsquo;Eco Revolution 2013&rsquo; was organized in Pokhara from 29 September to 1 October. The Conference was organized for the first time in Nepal, and had around 275 participants from Nepal, India and Sri Lanka. The Conference was jointly organized by Eco Needs Foundation India, Pokhara Engineering College and Sadaham Sevana, Sri Lanka.<br />
	<br />
	According to the organizers, the main purpose of the conference was to have a constructive dialogue on sustainable development pathways for developing countries with special attention on areas like economics, aesthetics, Buddhism, energy, industry and agriculture. The conference focus on the current research trends and advances in environment, and&nbsp; broadly encompasses areas like global environment change and disaster, environmental issues in the chemical/petroleum industries, causes and impact of climate change on biodiversity, bio-treatment, bio-transformation, bio-catalysis for treatment of air contaminants and changes in mountain biodiversity among others. Experts of various sectors presented 121 different papers in the Conference.<br />
	<br />
	International conference on sustainable Environment Eco Revolution-2011 was held in India and the International conference on Environment and Humanity Eco Revolution-2012 was held in Sri Lanka. The next eco revolution conference will be held in Thailand.&nbsp;</p>',
			'published' => true,
			'created' => '2013-10-07',
			'modified' => '2013-10-08',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'An international conference on environment and humanity named ‘Eco Revolution 2013’ was organized in Pokhara from 29 September to 1 October. The Conference was organized for the first time in Nepal, and had around 275 participants from Nepal, India and Sri Lanka.',
			'sortorder' => '1814',
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	(int) 4 => array(
		'Article' => array(
			'id' => '1954',
			'article_category_id' => '157',
			'title' => 'Szechuan Connection At China Garden',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<img alt="" src="/userfiles/images/sssez%20(Copy).jpg" style="margin-left: 20px; margin-right: 20px; width: 550px; height: 212px;" /></div>
<div>
	&nbsp;</div>
<div>
	<strong>--By Sujan Tiwari</strong>
	<div>
		<br />
		China Garden restaurant at Soaltee Crowne Plaza is giving its customers a delicious way to enjoy the upcoming Dashain. The restaurant has started a new food promotion named &lsquo;Szechuan Connection&rsquo; from 1 October and it will last for two weeks. According to Rena Sharma, Assistant Manager, Marketing and Public Relations at Soaltee, the food promotion is designed such that it coincides with the upcoming Dashain. &ldquo;This promotion is intended for Nepali customers so that they can enjoy the festive time with us at Soaltee. We are offering delicious cuisine at a very affordable price through this promotion,&rdquo; says Sharma.<br />
		<br />
		As the name suggests, the promotion features various Szechuan dishes. The cuisine comes to life through scrumptious sea food, pork, lamb and chicken delicacies. Mushrooms are also used intensively in the cuisine. According to Yuba Raj Pokharel, Executive Sous Chef at Soaltee, Szechuan cuisine is loved the world over and also suits Nepali palate.<br />
		<br />
		You can choose from four fixed menus, each of which has soups, starters, mains and desserts. Each set looks equally delicious and colourful. The soups include tofu shitake fresh chilli soup, pickled ginger corn soup, spicy wanton soup and clear garlic noodle soup. The menus have numerous tasty starters like Singapore chilli chicken, prawn Szechuan pepper, aniseed smoked fish with crab meat sweet chilli sauce and mushroom skewers with cilantro burnt chilli sauce. &nbsp;<br />
		<br />
		Mains are equally abundant, and dishes include salted fish fried rice, Szechuan tuna fried rice, steamed noodles with burnt garlic chilli sauce and dragon prawn Szechuan crab meat sauce among others. One of the best dishes in the entire assortment is celery burnt chilli spare ribs. It is a pork rib dish that is first pot roasted in slow heat with ginger garlic, scallion and other spices. The ribs are again tossed in a rich sauce of chilli, ginger garlic, spices and some wine. The ribs are very tender, succulent and really delicious.<br />
		<br />
		A nice ambience and the rich Szechaun cuisine await you this Dashain at China Garden. The price of the fixed menu range from Rs 1350 to Rs 2200 excluding the taxes, and each menu is enough for two. A bottle of Carlsberg beer or a glass of wine comes complementary with each menu. So, eat, drink and be merry this festive season at Soaltee.
		<p>
			&nbsp;</p>
		<p>
			<img alt="szechuan" src="/userfiles/images/sez%20(Copy).jpg" style="width: 550px; height: 116px; margin-left: 15px; margin-right: 15px;" /></p>
	</div>
</div>
<p>
	&nbsp;</p>',
			'published' => true,
			'created' => '2013-10-07',
			'modified' => '2013-10-08',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'China Garden restaurant at Soaltee Crowne Plaza is giving its customers a delicious way to enjoy the upcoming Dashain. The restaurant has started a new food promotion named ‘Szechuan Connection’ from 1 October and it will last for two weeks. According to Rena Sharma, Assistant Manager, Marketing and Public Relations at Soaltee, the food promotion is designed such that it coincides with the upcoming Dashain.',
			'sortorder' => '1813',
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	(int) 5 => array(
		'Article' => array(
			'id' => '1963',
			'article_category_id' => '40',
			'title' => 'NEWBIZ BUSINESS CONCLAVE AND AWARDS 2013 : Panacea For Growth, Saluting The Best',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&ldquo;The political agenda dominated the national discourse and popular action in the last six decades of democratization of Nepal. Now is the time to evolve into the phase of economic agenda being on the top. The private sector of Nepal is the engine of growth, being efficient and cost-effective, and the government is to facilitate it through investment security, enabling laws like new Industrial Enterprise Act and Foreign Direct Investment Policy, et al.&rdquo;</div>
<div>
	&nbsp;</div>
<div>
	Thus spoke Shankar Koirala, Minister for Finance, Industries &amp; Commerce, Government of Nepal, inaugurating the maiden edition of the NewBiz Business Conclave &amp; Awards 2013, held in Hotel Soaltee Crowne Plaza on August 24.</div>
<div>
	&nbsp;</div>
<div>
	Nothing could have captured the mood, the spirit and the essence of this Conclave better than this statement. The Conclave was dedicated to finding a roadmap to doubling the economic growth from current 3.6% growth of the GDP to 7%, and beyond.</div>
<div>
	&nbsp;</div>
<div>
	In groups of three to five speakers, a large number of fore-ranking economists, thought-leaders, businessmen and invited guests from abroad focused on what may make the great Himalayan promise fulfilled and Nepal moving from the status of Least Developed Country to a Developing One within a decade by doubling its growth.</div>
<div>
	&nbsp;</div>
<div>
	&lsquo;Yes! We Can!&rsquo; was the spirit. &lsquo;Can Do&rsquo; was the motto. Even problems were noted as challenges to be tackled sooner or later. Indeed, for some time past now, in spite of several economic challenges, there has been a gradual amelioration of the situation too.</div>
<div>
	&nbsp;</div>
<div>
	Decades of political unrest, bitter ideological conflict, a shaky frame-work of democracy, despondency among some sections of the people, and challenges to entrepreneurship and of infra-structure have surely brought in an air of hopelessness among some youths. And, there is a large number of educated or skilled youths who are leaving the country for greener pastures around the world. It is not a wonder that Nepal receives as remittance equivalent to nearly a quarter of its GDP.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Not withstanding the challenges, every Nepali at heart dreams for turning the nation of exquisite beauty into the Switzerland of Asia. Every educated Nepali rightly wants to reap the best economic advantages of being land-locked between two large and fast developing neighbours, India and China. And, today, most adult citizens of this nation are waiting for ensuing elections to be held in time and peacefully, and political parties agreeing on a common economic agenda to take the country into a prosperous future.</div>
<div>
	&nbsp;</div>
<div>
	That was the spirit of the speakers in the Conclave (more details in later sections). Just a sampling of the views expressed in the Conclave:&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;">&ldquo;Last year service sector in Nepal grew by 6% and industry by 3% and hence it is not difficult to achieve 7% overall growth in a couple of years in Nepal. Industries here are running at half their capacity and just a better capacity utilization with a better labour situation and investments will double the growth.&rdquo;</span></div>
<div>
	&nbsp;</div>
<div style="text-align: right;">
	<strong>- Dr Yuba Raj Khatiwada</strong></div>
<div style="text-align: right;">
	<strong>Governor, Nepal Rastra Bank</strong></div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;">&ldquo;Vocational education is on the rise in Nepal, which is encouraging. The small and medium industries sectors are surviving by sheer hard work rather than an enabling business environment, and they must be encouraged.&rdquo;</span></div>
<div>
	&nbsp;</div>
<div style="text-align: right;">
	<strong>- Rameshore Khanal</strong></div>
<div style="text-align: right;">
	<strong>Former Finance Secretary</strong></div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;">&ldquo;There are ample opportunities to promote specific districts with specific business focal points, like Dhading can be the organic district in order to access and expand the market of vegetables which covers the one-third of the Kathmandu market&hellip;.. Timely election being held, political class must rise to the occasion towards drawing a&nbsp;</span><span style="font-size: 14px;">Common Minimum Economic Agenda, towards which we from Nepal Inc are working.&rdquo;</span></div>
<div>
	&nbsp;</div>
<div style="text-align: right;">
	<strong>-Suraj Vaidya</strong></div>
<div style="text-align: right;">
	<strong>President, Federation of Nepalese Chambers of Commerce &amp; Industry</strong></div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;">&ldquo;It&rsquo;s not just heritage and adventure, there are lot of scope in Nepal in terms of business and MICE tourism (Meeting, Incentive, Convention &amp; Exhibition).&rdquo;</span></div>
<div>
	&nbsp;</div>
<div style="text-align: right;">
	<strong>- Amran Abdul Rahman</strong></div>
<div style="text-align: right;">
	<strong>Director, Malaysia Tourism</strong></div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;">&ldquo;Nepal can take a cue from Vibrant Gujarat Summit and its success in the economy of Gujarat, and can similarly bring in big ticket investments for hydro-power, infrastructure, manufacturing, tourism, agri-business and mines.&rdquo;</span></div>
<div>
	&nbsp;</div>
<div style="text-align: right;">
	<strong>- Sukanti Ghosh</strong></div>
<div style="text-align: right;">
	<strong>Managing Director (India), APCO Worldwide, USA</strong></div>
<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;">&ldquo;Nepal has more than half a century of planned economic development attempt. To achieve this target, we have to mechanise agriculture, commercial herbs, vegetables and fruits.&rdquo;</span></div>
<div>
	&nbsp;</div>
<div style="text-align: right;">
	<strong>-Binod Chaudhary</strong></div>
<div style="text-align: right;">
	<strong>President, Chaudhary Group</strong></div>
<div>
	&nbsp;</div>
<div>
	Where do we go from here? Future is pregnant with possibilities indeed.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Let&rsquo;s begin with the changing face of road network.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The Economic Survey of the Finance Ministry in 2013 says that more than 10,000 kms of roads are blacktopped, almost 6000 kms of road have been graveled, apart from nearly 8500 kms of earthen roads in Nepal. Except Humla and Dolpa, all other 73 districts have road access. The road connectivity with China has also added value to Nepal&rsquo;s economic sector. With the government trying to make the road investment strategy clear and long-term, there is enhanced interest of the private sector too in investing herein. The Public-Private-People Partnership driven Kathmandu-Kulekhani-Hetauda tunnel road is the signature evidence of this positivism.</div>
<div>
	&nbsp;</div>
<div>
	Coming to health and education, Nepal is on a positive direction to largely meet the Millennium Development Goals by 2015. Primary school enrolment has already crossed a whopping 95%, though at the secondary education level it is still one on three eligible children in education, in spite of some increase over the years. The latest infant mortality rate is at 9 per thousand live births, and maternal mortality rate has dropped to 229 per 100,000 live births, making the picture reasonably better than most South Asian neighbors. Significantly, nearly 4500 health institutions of various dimensions are providing health services to some 28 million people in this country. Nepal Living Standard Survey notes that one on four Nepalis today are below the poverty line, much better a situation than a decade or two ago.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Hydropower hopes have eluded the Himalayan nation for decades. Nepal&rsquo;s vast water resources are said to be next only to Brazil. However, till date Nepal is producing only 600 Megawatts of electricity whereas the known sources of hydropower can produce above 80,000 Megawatts, and it is still counting. This one sector alone can change the face of this nation. There are some clear signs towards progress. Upper Tamakoshi project with 456 Megawatts is progressing fast based on eco-friendly run-of-the-river model. Six other projects totaling around 240 Megawatts are also in progress. However, this sector needs clear and effective long-term policies, investment friendly environment and political stability.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The Agriculture sector has also taken a boost with 41 projec vts running on first priority and nine projects kept in second priority by the government, as listed by the National Planning Commission. These projects include special agriculture production program, co-operative farming, micro irrigation, livestock health service, agricultural research program, and others. The per hectare productivity today is around Rs.160,000, of the land available for agriculture and only 20 % is irrigated, and the average income of agriculture laborer has crossed Rs.70,000 per annum. Not the best of situations, but still no one dies of hunger in Nepal.</div>
<div>
	&nbsp;</div>
<div>
	In the manufacturing sector, the average growth rate per year over the last five years has been close to 2%. Production of food products, beverages, cigarettes, shoes, soaps, cement and plastic products have grown more than 3% per annum in this period. More than a thousand medium to large industries employing 300,000 of people function alongside more than a lac cottage and small industries with 600,000 people employed. Higher electricity and more and better roads can work miracles in this sector.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Finally, Tourism. It flourishes in tranquility. Civil war and political instability hitting tourism hard for some time in the past, Nepal is now witnessing positive signs with the total tourist arrivals in 2012 figuring 600,000 only by the air route! The average stay and spending per person per day are still low with less than 40 dollars a day spent by tourists. With 10 five star and 27 three and four star hotels, Nepal has a long way to go to tap the full potentials of tourism, which can be comparable to Malaysia or beyond.</div>
<div>
	&nbsp;</div>
<div>
	Yes, there is a long way to go for this beautiful nation of hardworking, patriotic and industrious people from the Mountains, Hills and the Terai-Madhesh, a nation where women have a better position in the society than many other South Asian nations in general in spite of poverty, a nation where youths work and study together in cities to earn economic independence, a nation where hugely diverse people live, work and enjoy each other&rsquo;s festivals together.</div>
<div>
	&nbsp;</div>
<div>
	The Nation awaits visionary statesman-like leadership ahead and the collective will of many to make a difference in the comity of nations.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The historic NewBiz Business Conclave and Awards is just the right step towards this direction: bringing to the fore the national economic priorities, trying to create a national consensus towards Common Minimum Economic Agenda, bringing forth the voices of business leaders and economists, and creating role models from among Nepal Inc in a nation where most political parties at least officially shun business and profits.</div>
<div>
	&nbsp;</div>
<div>
	Rightly did the NewBiz Chairman Madan Lamsal say at the onset of the awards ceremony, &ldquo;It is said that our work is our love made visible. This is indeed our labour of love. It is a historic moment to come to this point where New Business Age and Aarthik Abhiyan, the nation&rsquo;s leading business publications, salute the best performers in business who have been doing well in spite of economic challenges and political instability. And I congratulate each of the ten winners whom you will know in some moments from now one by one, in advance. We honor ourselves by honoring you. You have not done anything for awards, but for growth and development, to generate profits, employment, and welfare of a lot of people. You are our role models. A nation, yearning to grow, to be counted in the comity of nations, salute each of you for your extra ordinary achievement which will inspire the youth to dream and strive for more.&rdquo;</div>
<div>
	&nbsp;</div>
<table align="center" width="100">
	<tbody>
		<tr>
			<td>
				<img alt="NEWBIZ BUSINESS CONCLAVE AND AWARDS 2013" src="/userfiles/images/p1%20(Copy)(1).jpg" style="border-width: 0px; border-style: solid; width: 550px; height: 283px;" /></td>
		</tr>
		<tr>
			<td bgcolor="#DDDDDD">
				<div align="center">
					<div style="text-align: left;">
						Minister for Finance, Industries, Commerce and Supplies, Government of Nepal, Shankar Koirala along with Newbiz Chairman Madan Lamsal and other distinguished guests launched a book titled &mdash; Nepalko Arthik Briddhi Ek Margachitra (Sambriddha Nepal Abhiyan) during the Conclave &amp; Award ceremony at Soaltee Crowne Plaza.</div>
				</div>
			</td>
		</tr>
	</tbody>
</table>
<div>
	&nbsp;</div>
<table align="center" width="100">
	<tbody>
		<tr>
			<td>
				<img alt="NEWBIZ BUSINESS CONCLAVE AND AWARDS 2013" src="/userfiles/images/p2%20(Copy).jpg" style="border-width: 0px; border-style: solid; width: 550px; height: 443px;" /></td>
		</tr>
		<tr>
			<td bgcolor="#DDDDDD">
				<div align="center">
					<div style="text-align: center;">
						Invitees at registration desk of Newbiz Conclave &amp; Awards-2013</div>
				</div>
			</td>
		</tr>
	</tbody>
</table>
<div>
	&nbsp;</div>
<table align="center" width="100">
	<tbody>
		<tr>
			<td>
				<img alt="NEWBIZ BUSINESS CONCLAVE AND AWARDS 2013" src="/userfiles/images/p3%20(Copy).jpg" style="border-width: 0px; border-style: solid; width: 550px; height: 365px;" /></td>
		</tr>
		<tr>
			<td bgcolor="#DDDDDD">
				<div align="center">
					<div style="text-align: left;">
						<div>
							Binod Chaudhary, President Chaudhary Group exchanging words with Professor Dinesh Chapagain and former finance minister Madhukar SJB Rana at Newbiz Conclave &amp; Awards-2013.</div>
					</div>
				</div>
			</td>
		</tr>
	</tbody>
</table>
<div>
	&nbsp;</div>
<table align="center" width="100">
	<tbody>
		<tr>
			<td>
				<img alt="NEWBIZ BUSINESS CONCLAVE AND AWARDS 2013" src="/userfiles/images/p4%20(Copy).jpg" style="border-width: 0px; border-style: solid; width: 550px; height: 285px;" /></td>
		</tr>
		<tr>
			<td bgcolor="#DDDDDD">
				<div align="center">
					<div style="text-align: left;">
						Minister for Finance, Industries, Commerce and Supplies, Shankar Koirala along with Dr. Yuba Raj Khatiwada, Governor of Nepal Rastra Bank, Newbiz Chairman Madan Lamsal and moderator of the Conclave Achyut Wagle during the interactive session of the Conclave.</div>
				</div>
			</td>
		</tr>
	</tbody>
</table>
<p>
	&nbsp;</p>',
			'published' => true,
			'created' => '2013-10-08',
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			'description' => 'The Nation awaits visionary statesman-like leadership ahead and the collective will of many to make a difference in the comity of nations.',
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		'Article' => array(
			'id' => '1953',
			'article_category_id' => '99',
			'title' => 'Qatar’s New Destination In Saudi Arabia',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img alt="" src="/userfiles/images/qa.jpg" style="margin-left: 20px; margin-right: 20px; width: 550px; height: 168px;" /></p>
<p>
	Qatar Airways has expanded its operations in Saudi Arabia with the launch of scheduled flights to Ta&rsquo;if which is the airline&rsquo;s sixth destination in Saudi Arabia. Qatar Airways will operate four flights a week non-stop from Doha to Ta&rsquo;if. The addition of this new Saudi city takes the total number of destinations within the airline&rsquo;s network to 132. With the new four weekly flights, Qatar Airways now operates 69 flights a week to Saudi.<br />
	<br />
	Qatar Airways Chief Executive Officer, Akbar Al Baker said the airline was pleased to open this new gateway to Saudi Arabia. &ldquo;During the past few months we succeeded in launching two new destinations in Saudi Arabia &ndash; Al Gassim and now Ta&rsquo;if, which reflects our commitment to reinforcing relations between the State of Qatar and the Kingdom,&rdquo; Al Baker said. Qatar Airways new flights offer the people of Ta&rsquo;if a variety of travel options to more than 130 amazing destinations around the world including London, Paris, Singapore, Bangkok, Beijing, Johannesburg, Melbourne, Delhi and Mumbai. The Ta&rsquo;if route is operated with an Airbus A320 in a two-class configuration of 12 seats<br />
	in Business Class and 132 seats in Economy.</p>',
			'published' => true,
			'created' => '2013-10-07',
			'modified' => '2013-10-08',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Qatar Airways has expanded its operations in Saudi Arabia with the launch of scheduled flights to Ta’if which is the airline’s sixth destination in Saudi Arabia. Qatar Airways will operate four flights a week non-stop from Doha to Ta’if. The addition of this new Saudi city takes the total number of destinations within the airline’s network to 132.',
			'sortorder' => '1811',
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	(int) 7 => array(
		'Article' => array(
			'id' => '1952',
			'article_category_id' => '99',
			'title' => 'Tara Air Flies To Tikapur',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Tara Air has started flights to Tikapur from 3 October. According to the Airline, there will be a scheduled flight on Thursday every week from Nepalgunj to Tikapur.Tara Air has already signed an agreement with Tikapur Airport Research Construction and Operation committee to conduct Kathmandu-Nepalgunj-Tikapur and Tikapur-Nepalgunj-Kathmandu flights. The fare for Tikapur-Nepalgunj is Rs 2,500 and for Tikapur-Kathmandu is Rs 7,500 and vice versa.<br />
	&nbsp;</p>',
			'published' => true,
			'created' => '2013-10-07',
			'modified' => '2013-10-08',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Tara Air has started flights to Tikapur from 3 October. According to the Airline, there will be a scheduled flight on Thursday every week from Nepalgunj to Tikapur.',
			'sortorder' => '1810',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
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	(int) 8 => array(
		'Article' => array(
			'id' => '1951',
			'article_category_id' => '153',
			'title' => 'Opinion: ‘Possibilities Of The Commodity Market In Nepal’',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<span style="font-size:14px;">The third edition of the Money Expo for 2013 is being held in the capital at the end of this month. Aiming to promote investment opportunities and wealth protection strategies, this expo is the largest finance and investment show in Nepal. An interaction programme &lsquo;The possibilities of Commodity Market in Nepal&rsquo; was conducted by New Business Age on September 19 as headway to the Expo. Experts from the commodity market presented their opinion on the current status of this sector. <strong>Excerpts:</strong></span><br />
	<br />
	<img alt="Paristha Nath Poudyal ,Director, Securities Board of Nepal (SEBON)" src="/userfiles/images/pnp.jpg" style="width: 150px; height: 188px;" /></p>
<p>
	<strong>Paristha Nath Poudyal<br />
	Director, Securities Board of Nepal (SEBON)</strong><br />
	<br />
	&bull; The budget of 2070/71 has fixed that the regulation of the commodity market will be done by the Securities Board of Nepal (SEBON). For implementing this decision we have received a working procedure from the Ministry of Finance. We have been directed to submit an ordinance or some legal works to the ministry by mid November.<br />
	&bull; We have already completed two levels of discussion for this. We are improving the market first and then regulating it.<br />
	&bull; We have been studying the regulatory process of various countries like India, Singapore, Hong Kong, United Kingdom and others. We will develop the regulation process according to the context of our country by discussing with stakeholders and studying all other countries&rsquo; regulations.<br />
	&bull; The regulatory body is just a facilitator and we will work accordingly.<br />
	&bull; Rather than the board, the issues related to regulations should be a matter of concern to the government and it should not delay the task.<br />
	&bull; Training for investors is essential. This year we have planned to establish the &lsquo;Capital Market Research and Training Institute&rsquo;. This effort is meant for developing the skills of investors.</p>
<p>
	<br />
	<br />
	<img alt="Dipendra Khatiwada" src="/userfiles/images/dk.jpg" style="width: 150px; height: 188px;" /><br />
	<strong>Dipendra Khatiwada<br />
	Managing Director, Mercantile Exchange Nepal (MEX)</strong></p>
<p>
	<br />
	&bull;&nbsp;&nbsp; &nbsp;The major necessity of today&rsquo;s market is regulation. We have been requesting the government for the formation of regulations from a long time. Regulations develop assurance and build trust among the public.<br />
	&bull;&nbsp;&nbsp; &nbsp;Regulations are not complete in themselves. They should be formed in such a way that they can support exchange companies as well as develop credibility among people.<br />
	&bull;&nbsp;&nbsp; &nbsp;Gold imported to Nepal is not of high quality. Though the gold is said to be of triple line, we should examine whether they are really of that standard. Such checks develop credibility in customers but Nepal does not have such facilities.<br />
	&bull;&nbsp;&nbsp; &nbsp;We do not have the mechanism to verify the quality of goods. If those mechanisms are in places, we can import any goods. Laws should be practical and only goods that can be verified should be imported.<br />
	&bull;&nbsp;&nbsp; &nbsp;There is no investment friendly environment in this market. The willpower of investors has decreased. So the establishment of a warehouse in Nepal is not possible for at least 5 years. Only the regulatory body can bridge the gap.<br />
	&bull;&nbsp;&nbsp; &nbsp;Other financial instruments can be promoted in this condition. Commodity is itself a financial instrument. Hazing platform, price discovery and price dissemination can be developed in the form of financial instruments.<br />
	&bull;&nbsp;&nbsp; &nbsp;Without the will power of the government, people from the outside the government cannot do anything. The government is unable to decide on the issue of formation of regulation for the commodity market which has created problems.<br />
	&bull;&nbsp;&nbsp; &nbsp;We are dealing with exchanges only in our market. Supply and distribution is not possible in such a situation. In international practice too it is seen that in the exchange process, 5 per cent win and 95 percent lose. This reality should be realized by investors.<br />
	&bull;&nbsp;&nbsp; &nbsp;There are frequent transactions happening in the market. Though the quantity has decreased, the quality of transactions has increased and increase in quality is more essential than quantitative increment.</p>
<p>
	<br />
	<br />
	<img alt="Ram Sharan Upreti" src="/userfiles/images/rsu.jpg" style="width: 150px; height: 188px;" /><br />
	<strong>Ram Sharan Upreti<br />
	General Manager, Everest Commodities Limited</strong></p>
<p>
	<br />
	&bull;&nbsp;&nbsp; &nbsp;The problems of the commodity market have been divided into three parts. The foremost problem is the failure of the government to formulate policies; secondly, there is no uniformity in the working policy of commodity exchange companies; and thirdly, the investors are not properly educated about this market.<br />
	&bull;&nbsp;&nbsp; &nbsp;Concerned stakeholders have been discussing issues of the commodity market from the very beginning and stakeholders have been raising their voice regarding this issue. But the government is not showing its concern on this matter. The commodity market has a significant position but the government has not raised any issue regarding this market at discussions of the economy of the country.<br />
	&bull;&nbsp;&nbsp; &nbsp;The failure of conducting a proper exchange operation module is also a problem in this market. There are 10 exchanges operating in the market with different trading modules.&nbsp; Presently, there are two-three types of trading module in Nepal. These modules have different trading and pricing processes which has cause confusion among customers. An appropriate module for the market has not been identified yet which has minimized scope of new opportunity for investors.<br />
	&bull;&nbsp;&nbsp; &nbsp;Lack of proper awareness among investors on the commodity market is also a major problem in this sector. This market has been famous as a glamorous sector. Because of the same reason, the market reached its peak in a short period and did not take long to fall. The people have just understood it as an exchange market.<br />
	&bull;&nbsp;&nbsp; &nbsp;People who do not have proper knowledge come to this market and because of them, the market loses credibility.<br />
	&bull;&nbsp;&nbsp; &nbsp;The commodity market has been in operation for six years. But till date, real investors and organizational investors have not entered the market. Exchange companies have not been able to do something significant in the derivative mechanism.</p>
<p>
	<br />
	<img alt="Santosh Pradhan,Chairman, Nepal Derivative Exchange (NDEX)" src="/userfiles/images/ssp.jpg" style="width: 150px; height: 188px;" /><br />
	<strong>Santosh Pradhan<br />
	Chairman, Nepal Derivative Exchange (NDEX)</strong></p>
<p>
	<br />
	&bull;&nbsp;&nbsp; &nbsp;Commodity exchange is not complete in itself. There are various factors responsible to run this market smoothly. In the context of Nepal, actual commodity exchange has not been practiced yet.<br />
	&bull;&nbsp;&nbsp; &nbsp;An appropriate commodity exchange friendly eco-system is essential for this. The laws and physical infrastructure favourable to this market should be maintained. We must be able to access agricultural products in the international market by storing it in a facilitated warehouse.<br />
	&bull;&nbsp;&nbsp; &nbsp;The government should at least bring an ordinance to maintain regulations and issue license to exchanges and brokers.<br />
	&bull;&nbsp;&nbsp; &nbsp;Exchange companies should be specialized on the basis of their operation procedure, software, human resources and other measures of standardization. Unless this is done, all exchange companies have their own term of standards and they move forward with different schemes.<br />
	&bull;&nbsp;&nbsp; &nbsp;Transaction through warehouses can be the baseline for systematic initiation in this market. In the medium level this market can be developed through big financial institutions, and stakeholders and their trade risks can be addressed through the commodity market.<br />
	&bull;&nbsp;&nbsp; &nbsp;Nepal can be developed as an international financial center. The trade of gold and silver can be done in Nepal in bigger investment. National as well as international investors can invest in this and manage their portfolio.<br />
	&bull;&nbsp;&nbsp; &nbsp;Nepal is not in condition to run 10 commodity exchange at present. Maximum two exchanges would be enough.</p>
<p>
	&nbsp;</p>
<p>
	<br />
	<img alt="Santosh Pradhan, Chairman, Nepal Derivative Exchange (NDEX)" src="/userfiles/images/bs(1).jpg" style="width: 150px; height: 186px;" /><br />
	<strong>Bijesh Shrestha,<br />
	President and Managing Director, Asian Derivative Exchange (ADEX)</strong></p>
<p>
	<br />
	&bull;&nbsp;&nbsp; &nbsp;Everything has a fixed life cycle and so does a commodity market. The commodity market was established in Nepal in 2006 AD and during 2009-2011, it attracted a lot of investors. This expanded the market by mid 2012, it became mature. Anything that experiences drastic growth in a short period of time does not last long and the same thing happened to the commodity market. The market has completed a life cycle and it has to revise itself now with some improvements in regulations and other aspects.<br />
	&bull;&nbsp;&nbsp; &nbsp;Only paper transactions are being done in the commodity market&nbsp; till date. The market grew drastically and crashed immediately because of which customers are losing trust. Trust can be regained by forming a strong base. Similarly, improvement in the capital market and the real estate market is also essential for improving this market.<br />
	&bull;&nbsp;&nbsp; &nbsp;Though there are 10 exchange companies operating in the market, the number of investors does not exceed from 50-60. This shows decrement in the number of investors.<br />
	&bull;&nbsp;&nbsp; &nbsp;The regulatory body should pave the way for regulations and the exchange companies should follow it. This market should include transactions of exchange index and Nepse index to attract investors.</p>
<p>
	&nbsp;</p>
<p>
	<br />
	<img alt="Abhisek Gautam" src="/userfiles/images/ag.jpg" style="width: 150px; height: 186px;" /><br />
	<strong>Abhisek Gautam<br />
	General Manager,Commodity Futures Exchange (CFX)</strong></p>
<p>
	<br />
	&bull;&nbsp;&nbsp; &nbsp;There are more investors observing loss than earning profit in the commodity market.&nbsp; The number of customers in this market has decreased compared to the previous year. This market can observe negative effects which are created because of mismanagement of investors.<br />
	&bull;&nbsp;&nbsp; &nbsp;The commodity market lacks novelty at present. We are using the same old things just with some modification. There have been change in the marketing procedure but production and market is the same.&nbsp; The numbers of investors are decreasing because of security issues in the market.<br />
	&bull;&nbsp;&nbsp; &nbsp;The expansion and recession in the commodity market is directly proportional to the economic cycle. The market has been experiencing recession these days but it was booming some months ago. Everything has its own pace but the commodity market rose exceptionally fast and is experiencing downfall now.<br />
	&bull;&nbsp;&nbsp; &nbsp;Some national and international organizations have been boosting agriculture production, commercialization and pricing in Nepal. Those agriculture products should be included in this market but we are failing to do so as the act related to the warehouse has not been formed yet. Also not formed are shares, treasury bills and other financial instruments that would make the market more effective.</p>',
			'published' => true,
			'created' => '2013-10-07',
			'modified' => '2013-10-21',
			'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 third edition of the Money Expo for 2013 is being held in the capital at the end of this month. Aiming to promote investment opportunities and wealth protection strategies, this expo is the largest finance and investment show in Nepal. An interaction programme ‘The possibilities of Commodity Market in Nepal’ was conducted by New Business Age on September 19 as headway to the Expo.',
			'sortorder' => '1809',
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	(int) 9 => array(
		'Article' => array(
			'id' => '1950',
			'article_category_id' => '109',
			'title' => 'Nepse Index Rises 3.61 Points',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	&nbsp;</p>
<p>
	<strong>--By Sagar Ghimire</strong><br />
	<br />
	Nepal Stock Exchange (Nepse) index rose by 3.61 points last week closing at 545.47. It had settled at 541.86 points on the first day (September 29) of the weekly trading.<br />
	<br />
	2,739,620 shares of 136 companies worth Rs 690 million were traded in 7662 transactions at the secondary market during the week.<br />
	<br />
	While the amount and units of share are 37.87 and 48.45 per cent higher in comparison to the previous week, the securities market observed decline in terms of scrips trade by 3.87 per cent.<br />
	<br />
	Except for the third day of the trading week, there were increments in the Nepse indices all the days of the trading week. Nepse index increased by 0.16 points on the first day (September 29) and by 0.14 second day (September 30) closing at 541.86 and 542 points, respectively. However, it fell by 0.12 points on the third day (October 1) closing at 541.88 points. Likewise, the index surged by 1.3 points the third day (October 2) also closing at 543.18 points and by 2.29 points on the last day (October 3) closing at 545.47. &nbsp;<br />
	<br />
	The sub-indices showed a mixed reaction. While the Insurance, Others, Bank, Hydropower and Development Bank sectors recorded gains, the Manufacturing, Hotel and Finance sectors posted losses during the week. The Other sector was the highest gainer increasing by 11.75 points. The Manufacturing sector was the highest loser shedding 28.65 points. Likewise, the sub-indices of the Insurance sector and Development Banks sector increased by 2.1 and 0.6 points, respectively. The Hotel and Finance sectors dropped by 16.32 and 0.4 points, respectively. There were no changes in the Trading sector. The Himalayan Bank remained at the top in the secondary market in terms of transaction amount, while its promoter share also observed the highest units of share trade during the week. Nepal Telecom&rsquo;s share was at the top in terms of market capitalization.<br />
	<br />
	The share price of 51 companies increased, while that of 49 companies declined during the week. Likewise, the share price of 36 companies remained stable.<br />
	(With the input from Jamb Technologies Pvt Ltd.)</p>
<p>
	<img alt="Sectors" src="/userfiles/images/seco.jpg" style="width: 500px; height: 351px; margin-left: 20px; margin-right: 20px;" /></p>
<hr />
<p>
	<span style="font-size:14px;"><strong>Nepse on Sunday</strong></span><br />
	Nepse index gained 6.19 points closing at 551.66, the first trading day of the week after the beginning of the Dashain festival. A total of 472,869 units of shares of 84 companies worth Rs 109.70 million were traded through 1,391 transactions on the day.<br />
	<br />
	Banking, Development Banks, Hydropower, Finance, Manufacturing and Processing and Others sectors&rsquo; sub-indices increased, while Hotels and Insurance observed decline.<br />
	<br />
	Others sector was the major gainer of the day. Its sub-index increased 12.92 points closing at 692. Hotels sub-index observed the highest decline of 41.78 points with closing at 699.64.<br />
	&nbsp;</p>',
			'published' => true,
			'created' => '2013-10-07',
			'modified' => '2013-10-21',
			'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' => 'Nepal Stock Exchange (Nepse) index rose by 3.61 points last week closing at 545.47. It had settled at 541.86 points on the first day (September 29) of the weekly trading.',
			'sortorder' => '1808',
			'image' => null,
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	(int) 10 => array(
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			'id' => '1949',
			'article_category_id' => '110',
			'title' => 'Top Ten Losers (30 September - 06 October 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '',
			'published' => true,
			'created' => '2013-10-07',
			'modified' => '2013-10-08',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Top Ten Losers',
			'sortorder' => '1807',
			'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) 11 => array(
		'Article' => array(
			'id' => '1948',
			'article_category_id' => '111',
			'title' => 'Top Ten Gainers (30 Septermber -  6 October 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '',
			'published' => true,
			'created' => '2013-10-07',
			'modified' => '0000-00-00',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Top Ten Gainers',
			'sortorder' => '1806',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
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	(int) 12 => array(
		'Article' => array(
			'id' => '1947',
			'article_category_id' => '113',
			'title' => 'US Dollar Exchange Rate At Local Market (30 September - 06 October 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '',
			'published' => true,
			'created' => '2013-10-07',
			'modified' => '0000-00-00',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'US Dollar Exchange Rate At Local market',
			'sortorder' => '1805',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '1946',
			'article_category_id' => '112',
			'title' => 'Weekly Gold And Silver Price (30 September - 6 September 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '',
			'published' => true,
			'created' => '2013-10-07',
			'modified' => '0000-00-00',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Weekly Gold And Silver Price',
			'sortorder' => '1804',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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			'id' => '1945',
			'article_category_id' => '109',
			'title' => 'Investigation Into Kist Bank’s Rs 8mn Fraudulence Case',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	Kist Bank initiated an investigation into a fraudulent case involving about Rs 8 million from its Thamel branch last week. The Central Investigation Bureau (CIB) as well as the bank itself initiated the investigation, according to Acting Chief Executive Officer of the Bank, BN Gharti. &ldquo;We cannot say anything until the investigation is concluded,&rdquo; Gharti said. Earlier, on September 25, some fraudsters claiming to be staff members of the bank branch in Kalanki had withdrawn Rs 8 million using the bank&rsquo;s letter pad and seal. The head office had enquired the whereabouts of the cash after it did not find the money deposited at Kalanki branch until the next day. The bank informed that it discovered the fraudulence only after the Kalanki branch told the head office that such cash was not brought from the Thamel branch on that day.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Nepal Rastra Bank (NRB) spokesperson Bhaskar Mani Gnawali said that though they have received information about the loss of Rs 8 million, they did not initiate any action citing the case to be of criminal nature and CIB&rsquo;s initiation into the investigation.&nbsp;</div>',
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			'description' => 'Kist Bank initiated an investigation into a fraudulent case involving about Rs 8 million from its Thamel branch last week. The Central Investigation Bureau (CIB) as well as the bank itself initiated the investigation, according to Acting Chief Executive Officer of the Bank, BN Gharti. “We cannot say anything until the investigation is concluded,”',
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		'Article' => array(
			'id' => '1968',
			'article_category_id' => '42',
			'title' => 'Investors Welcome Quarterly Report',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<strong>--By Bikram Chitrakar</strong></div>
<div>
	&nbsp;</div>
<div>
	<img alt="Sectors" src="/userfiles/images/sector%20(Copy).jpg" style="float: right; margin: 0px 0px 0px 10px; width: 300px; height: 916px;" />The secondary market of Nepal placed itself in greener terrain as investors welcomed a healthy quarterly report from listed companies. The benchmark Nepse index moved higher by 27.02 points or 5.04 per cent to rest at 536.38 while the highest index was reached on 31 July with 547.61 and lowest on 16 July with 509.36.</div>
<div>
	&nbsp;</div>
<div>
	Healthy fourth-quarterly financial reports of many listed companies have stepped up capital market heat as share prices surged after positive reports in expectation of better returns. Interest rates from different financial institutions perfectly blend with investors&rsquo; confidence and growth in transaction.</div>
<div>
	&nbsp;</div>
<div>
	Announcement of the budget on time and emphasis on monetary policies to increase the capital base of Banking and Financial Institutions within a year has further opened the way for mergers, right shares and bonus shares of many institutions. The insurance sector was boosted initially with the news of increasing capital requirements, as was the banking sector.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Investors were keen to purchase stocks of select institutions that are likely to go for mergers. This has been noticed in the trading session, irrespective of the insititutions&rsquo; financial soundness. Total volume improved due to these. However, the volume gain was trimmed off with the news of promoters floating their shares to the public through the conversion process.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Additionally, the market has picked up with a healthy performance of financial institutions, insurance and hydropower companies although a few stagnant periods for profit-booking were also there. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 14px;"><strong>Performance by Major Sectors</strong></span></div>
<div>
	During the review period, it was seen that the insurance sector escalated by a lofty 235.47 points or 20.01 per cent to rest at 1177.03. Similarly, the hydropower sector went up by 141.45 points to close at 1203.45. Commercial banks added 18.77 points followed by 17.18 points up in development banks. Others sectors gained 11.75 points or 1.81 per cent to rest at 648.54 while the manufacturing sector inclined 10.11 points to 878.83. The hospitality sector, however, descended by 13.08 points or 2.02 per cent to settle&nbsp;</div>
<div>
	at 646.23.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Sensitive index measuring the performance of 120 blue chips scrip at the secondary market went uphill by 5.47 points or 4.11 per cent to 133.18 while, the float index calculated on the basis of real transaction ascended by 2.09 points or 5.55 per cent to 37.65. A total turnover of Rs. 3,246,999,238 was realised during the review period from 11,009,397 units of share trade via 38,657 transactions.</div>
<div>
	&nbsp;</div>
<div>
	The accompanying figure shows the sector-wise distribution based on total volume of trade where the commercial banking sector dominated by covering 63.01 per cent of total trade. The insurance sector accounted for 15.66 per cent, the hydropower sector occupied 10.16 per cent and remaining sectors made up for the rest.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Technically, the Simple Moving Average (SMA) is dominated by the Nepse index. However, the key resistance area near the level of 530 shows some tight level for new direction.</div>
<div>
	(Chitrakar is a Stock Analyst with Jamb Technologies Pvt Ltd.)</div>',
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			'created' => '2013-10-09',
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			'description' => 'A healthy fourth-quarterly report brings good tidings for financial markets and major sectors of the economy',
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			'title' => 'A Survival Story',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<strong><img alt="Anup B Malla" src="/userfiles/images/malla%20(Copy).jpg" style="float: right; margin: 0px 0px 0px 10px;width: 300px; height: 420px;" /></strong></div>
<div>
	&nbsp;</div>
<div>
	Anup B Malla, Chairman of Nepal Kangri Carpet Industry (P) Ltd and President of Nepal Carpet Exporters&rsquo; Association is one of the oldest players in the carpet business of Nepal. Malla has dedicated three decades of his life for the promotion of carpet export from Nepal. Malla, who is also the Chairperson of FNCCI&rsquo;s Export Promotion Committee, says he has survived through the hardest times in the carpet business.</div>
<div>
	&nbsp;</div>
<div>
	In his starting days, Malla didn&rsquo;t have dreams of being in business. As a student of science, he had plans of becoming an engineer. To pursue his dream, he went to Pune to study engineering, but unfortunately had to return back within three months. &ldquo;My mother was diagnosed with liver cancer. The news came to me as a shock, and I had to return to look after the family as I was the only son,&rdquo; recollects Malla.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	After his return, his life took a different turn. As carpet business was booming in those days, his father opened a carpet factory for him, and he got involved in the business from the year 1984. Prior to this, Malla hadn&rsquo;t taken any responsibilities for his family, and it was quite tough for him in the start. &ldquo;It was hard for me, but I had to do it for my family. The factory I started from was quite a small one, with 22 looms and around 90 employees,&rdquo; remembers Malla.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Rise of Business</strong></span></div>
<div>
	Soon, Malla started learning about the business, and saw tremendous prospects in it. The industry was in a primitive stage back then, and all the processes of manufacturing were done manually. &nbsp;He supplied the carpets to local exporters who then exported them to countries like Germany, Holland, France and England among others. He wanted to export directly to Europe, and started to get completely involved in his business.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	In 1986, Malla met with an official from Eastern Kayam OCM, a London based carpet exporter. He received orders from the company and stared directly exporting the carpets. At that time, he was exporting around 200-300 square metres of carpet a month. The carpets he exported were branded by the company as Kangri Carpet, and then he also renamed his company as Nepal Kangri Carpet Industry in 1991. &nbsp; &nbsp;&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Though he was satisfied from his exports, Malla wanted to expand his business. His big break came in the year 1989 when he went to participate in Germany&rsquo;s biggest carpet and floor covering fare, Domotex. It was Malla&rsquo;s first time abroad, and first time in an aeroplane. When was in the Fare, he realized that the demand for Nepali carpets was tremendous in the European market. He had taken with him a few photographs of his products, and two small carpets for demonstration. He was very well received in the Fare, and the two carpets that he had taken sold as hot cakes.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	He received numerous enquiries about his products and production capacity. To his surprise, he received an order for producing 2700 square metres of carpet, which was worth 200,000 US Dollars at that time.</div>
<div>
	&nbsp;</div>
<div>
	Happy with the order, he returned back and increased the capacity of his industry. In the year 1993, his company was among the top ten carpet exporters. Malla then regularly participated in Domotex, and had many customers. When the business was on peak, his industry exported 125,000 square metres of carpet in a year. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong><img alt="Anup B Malla" src="/userfiles/images/malla1%20(Copy).jpg" style="float: left; margin: 0px 10px 0px 0px;width: 300px; height: 544px;" />Downfall and Survival</strong></span></div>
<div>
	What goes up must come down, and same proved to be true for the Nepali carpet business. Around the year 1995, the demand for Nepali carpets started to decline. According to Malla, this was chiefly because Nepali manufacturers compromised in the quality of the carpets. Also, Indian imitation carpets were flooding the European market. There were also the issues of child labour and toxic dyes used in carpets. All of these contributed the downfall of Nepali carpet industry. To worsen the situation, the country was hit by the armed conflict, power crisis and strikes. &ldquo;Around the year 1993/94, the carpet business went down, and hasn&rsquo;t gained the momentum till today. The exports are going down every year,&rdquo; says Malla.</div>
<div>
	&nbsp;</div>
<div>
	Owing to the decline in exports, many companies shut down and there were no new players in the market. Ordinary carpets were no more in demand, and the importers wanted new designs, and very high quality products. &ldquo;. It was the time for research and development, and tie to employ new advanced technologies. The situation called for a drastic change in the carpet manufacturing sector. It was survival of the fittest,&rdquo; recalls Malla. &nbsp;Determined to continue with his business, Malla paid more attention to the demands. The market now has demands for better quality products, with new designs and new colours and new trend.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Malla tried his best to change with the changing times, and survived when it very tough. At present, Kangri Carpet Industry exports around ten to twelve thousand square metres of carpet a year. Last year, his company exported to 10,000 square metres of carpet. &ldquo;The capacity of our industry is much more than this, but it&rsquo;s hard to predict the market these days, so we produce in moderation,&rdquo; says Malla.</div>
<div>
	&nbsp;</div>
<div>
	Malla believes himself to be a survivor who made it through the toughest of times.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Early Life</strong></span></div>
<div>
	Malla was born in Sinamangal of Kathmandu in 2022 BS to Govinda Bahadur Malla and Malla Keshar Kumari Malla. Malla says he grew up in a very protective and possessive family as he was born after six sisters. He went to Bhanubhakta Memorial School for his primary education and passed his SLC from Demonstration Multipurpose School (DMPS).&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Malla married Suchita Malla in the year 2049 BS. His mother has passed away just a year ago, and was pressurized by the family for marriage. As all of his sisters were married, and there was no female member in the family, He had to make the decision very quickly. &nbsp;&ldquo;Around that time, I saw a girl at Thapathali Campus. I was instantly attracted, and it was love at first sight,&rdquo; recalls Malla. He couldn&rsquo;t find the courage to talk to her, but wrote a letter to her proposing for marriage. They started talking on phone, and got to know each other better. Everything went fine and they married about six months later. &ldquo;Looking back, I feel I made a very good decision. I am a very happily married man today,&rdquo; says Malla. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong><img alt="Anup B Malla" src="/userfiles/images/malla2%20(Copy).jpg" style="float: right; margin: 0px 0px 0px 10px;width: 300px; height: 438px;" />Personal Side and Philosophies</strong></span></div>
<div>
	Malla gets up at 6 every morning and exercises for an hour. He has been doing Pranayam and Yoga for the last ten years. Tennis and swimming are his hobbies, and also like music and singing. He was the vocalist of a rock band when he was young. Lately, he is attracted by classical music. Malla loves to have free time to spend with his family, and believes in living life to the fullest. &ldquo;Enjoying and living life is the major thing for me. I don&rsquo;t run after money because it is sheer necessity. In that sense, I may not be very ambitious,&rdquo; shares Malla.</div>
<div>
	&nbsp;</div>
<div>
	&nbsp;Malla usually spends his Fridays with friends and family. GG Machan at Jhamsikhel is his favourite place to hang out. He is a frequent traveller, and has been to almost al of Europe, many states of USA, China, Singapore, Thailand, Cambodia and many other countries. According to Malla, many perceive him as an arrogant and tough person. &ldquo;Those who are newly acquainted with me feel that way about me. In fact, I am a very soft hearted and easy going person,&rdquo; says he. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Malla believes in hard work, and says one has to know pain and hardship to enjoy happiness in life. &ldquo;I have faced many problems in my life and suffered a lot at an early age. That&rsquo;s why I can fully enjoy and cherish my success. I am very happy and satisfied with my life,&rdquo; says he.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Future</strong></span></div>
<div>
	If the business environment becomes friendlier, Malla says that he may be involved in manufacturing such commodities that can be locally consumed and exported as well. As export has always been his expertise, Malla says Nepal should realize its export potentials. &ldquo;Nepal is gifted with a wide variety of climate, temperature and ecosystem. We have many products with comparative advantage. We should be able to turn these into products with competitive advantage,&rdquo; opines Malla. &nbsp;He also believes that more such products should be sought apart from the 19 items promoted by the government.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	To be successful, one should be involved in those occupations that make us happy, says Malla. &ldquo;If we turn our passion into our occupation, then success will surely follow. Life paves way for us, we just have to be alert and follow,&rdquo; says Malla.</div>
<div>
	&nbsp;</div>',
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			'description' => 'Anup B Malla, Chairman of Nepal Kangri Carpet Industry (P) Ltd and President of Nepal Carpet Exporters’ Association is one of the oldest players in the carpet business of Nepal.',
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			'id' => '1964',
			'article_category_id' => '41',
			'title' => 'Health Is Wealth:  The Rise Of Private Hospitals In Nepal',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>--By Suraksha Adhikari</strong></div>
<div>
	&nbsp;</div>
<div>
	Lately, the country has seen a lot of investment in the healthcare sector. A number of private companies have invested in the construction of hospitals among which most private hospitals have already started operation.</div>
<div>
	&nbsp;</div>
<div>
	There is a strong presence of private sector in the domestic healthcare service industry with medical institutions like Om Hospital, B&amp;B Hospital, Medicare Hospital, Kathmandu Medical College and Manipal Medical College. However, the latest wave of investments from the private sector shows that healthcare is now turning into an attractive area of investment.</div>
<div>
	&nbsp;</div>
<div>
	The Chaudhary Group was perhaps the first old business house in Nepal to foray into the healthcare sector in an institutional way. The group established Norvic International Hospital (then known as Norvic Health Care and Research Centre) in 1994. Two leading private hospitals, Om Hospital and Medicare Hospital, were upgraded from nursing homes. &nbsp;Adding to the list, Vayodha hospital, Grande hospital, Neuro hospital, Welcare hospital and others have been established with commitment to provide high standard healthcare service.</div>
<div>
	&nbsp;</div>
<div>
	The expansion and success of private hospitals in Nepal, the ever growing need of quality healthcare service and the poor performance of public health outlets have provided immense opportunities for the private sector. As there is a huge gap between the demand and supply in domestic healthcare services, the domestic market is large enough for private players to survive and make profits.</div>
<div>
	&nbsp;</div>
<div>
	Private Sector in Hospital Business</div>
<div>
	Private investment in hospitals has seen a significant increase in recent years. Even big corporate houses are keen to invest in these sectors. Norvic, Vayodha and Grande International are some visible examples to show that the private sector has seen potential in healthcare business.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Of late, foreign joint ventures are slowly making inroads into the Nepali healthcare sector. Norvic Hospital has recently entered into an agreement with India&rsquo;s Medanta Medicity, one of the leading hospitals in India, for technology transfer and expertise in the medical field.</div>
<div>
	&nbsp;</div>
<div>
	Very soon, Norvic Hospital will be importing machines worth approximately Rs one billion. The machines include CT scan, MRI, and Mamogram machines, world&rsquo;s latest endoscopy machines and other latest imaging equipments.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Grande International Hospital has entered Nepal with an investment of Rs 3.5 billion. The project has been promoted and managed by the CE Group in Nepal and will be under the professional supervision of an expert team from Samitivej Hospital, Thailand. The 15-storey hospital has 10 operation theatres and many added features including a wellness center, internet lounge, coffee shop, restaurants and so on. There are 18 ICUs, 12 CCUs and 4 NICs with separate medical gas supply for isolation rooms. The infrastructure in the hospitals include helipad services, wheelchair accessibility, fire fighting systems, earthquake resistance systems, complete waste management and disposal systems among others.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Vayodha Hospitals Pvt Ltd has also poured a sizable amount of money in the Nepal&rsquo;s health care sector to serve the community. One of the unique features of this hospital includes the TURP Rooftop helipad for patients to be airlifted from any corner of the country within 30 minutes after getting reliable information. It also has a Physiotherapy Department with complete physiotherapy services, ICU with 11 beds, post-operative wards, an endoscopy centre, and a Eurology department including Mini PCNL, Pathology Department, in-house pharmacy and ambulance that is available 24 hours for normal and critical patients. Vayodha has signed an exclusive agreement with Fortis Escorts Heart Institute, New Delhi for an Excellent Cardiac Care in the hospital. Fortis Escorts will appoint a full time Invasive Cardiologist at Vayodha along with a trained medical team.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Along with these, many other private hospitals are being established in Nepalgunj, Dang, Biratnagar and other parts of Nepal. Gopi Neupane, General Secretary of the Association of Private Health Institution of Nepal (APHIN) said that there are 366 private hospitals in the country with an investment of approximately Rs 30 million.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Hospitals in Nepal: Private hospitals and Government hospitals</div>
<div>
	According to data from the Ministry of Health and Population (MoHP), there are 366 private hospitals in Nepal among which 99 hospitals are located in the Kathmandu Valley. In comparison, 123 government hospitals are under the MoHP which proves the vast gap between private and government hospitals in Nepal.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Challenges in the business</div>
<div>
	With public health service still not being effective despite the government pumping in billions of rupees, the private sector&rsquo;s entry is believed to make healthcare services better, professional and more reliable. However, there is also the question of affordability. Will the common people have access to these high-end medical facilities? Will they be able to access services? These are some pertinent questions. Private hospitals are also facing various hurdles in government regulation. &nbsp;The government has been imposing heavy taxes upon these hospitals. &ldquo;Being service-providing institutions, private hospitals should not be imposed various taxes but the government neither removes tax from us nor facilitates us as an industry sector,&rdquo; says an official at Norvic Hospital. The government also does not help these hospitals in importing equipments and technologies.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Besides this, private hospitals established some years ago are also facing problems with the parameters that the government has set up recently. Parameters such as environment assessment tests, earthquake resistant building, etc are some which hospitals cannot comply with. As the buildings have been constructed a long time ago, it would be next to impossible to impose these parameters on them.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	With these complications, private hospitals are still making their way towards a progressive future with their promptness, efficiency and quality services in the healthcare sector which is the ultimate desire of all citizens. Following the slogan &ldquo;Health is Wealth&rdquo;, they have been able to attract a large size of the population with their reliable services.&nbsp;</div>',
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			'description' => 'Lately, the country has seen a lot of investment in the healthcare sector. A number of private companies have invested in the construction of hospitals among which most private hospitals have already started operation.',
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			'id' => '1955',
			'article_category_id' => '99',
			'title' => 'Eco Revolution 2013 Held In Pokhara',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<img alt="" src="/userfiles/images/eco1.jpg" style="width: 550px; height: 173px; margin-left: 20px; margin-right: 20px;" /></div>
<p>
	An international conference on environment and humanity named &lsquo;Eco Revolution 2013&rsquo; was organized in Pokhara from 29 September to 1 October. The Conference was organized for the first time in Nepal, and had around 275 participants from Nepal, India and Sri Lanka. The Conference was jointly organized by Eco Needs Foundation India, Pokhara Engineering College and Sadaham Sevana, Sri Lanka.<br />
	<br />
	According to the organizers, the main purpose of the conference was to have a constructive dialogue on sustainable development pathways for developing countries with special attention on areas like economics, aesthetics, Buddhism, energy, industry and agriculture. The conference focus on the current research trends and advances in environment, and&nbsp; broadly encompasses areas like global environment change and disaster, environmental issues in the chemical/petroleum industries, causes and impact of climate change on biodiversity, bio-treatment, bio-transformation, bio-catalysis for treatment of air contaminants and changes in mountain biodiversity among others. Experts of various sectors presented 121 different papers in the Conference.<br />
	<br />
	International conference on sustainable Environment Eco Revolution-2011 was held in India and the International conference on Environment and Humanity Eco Revolution-2012 was held in Sri Lanka. The next eco revolution conference will be held in Thailand.&nbsp;</p>',
			'published' => true,
			'created' => '2013-10-07',
			'modified' => '2013-10-08',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'An international conference on environment and humanity named ‘Eco Revolution 2013’ was organized in Pokhara from 29 September to 1 October. The Conference was organized for the first time in Nepal, and had around 275 participants from Nepal, India and Sri Lanka.',
			'sortorder' => '1814',
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		'Article' => array(
			'id' => '1954',
			'article_category_id' => '157',
			'title' => 'Szechuan Connection At China Garden',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<img alt="" src="/userfiles/images/sssez%20(Copy).jpg" style="margin-left: 20px; margin-right: 20px; width: 550px; height: 212px;" /></div>
<div>
	&nbsp;</div>
<div>
	<strong>--By Sujan Tiwari</strong>
	<div>
		<br />
		China Garden restaurant at Soaltee Crowne Plaza is giving its customers a delicious way to enjoy the upcoming Dashain. The restaurant has started a new food promotion named &lsquo;Szechuan Connection&rsquo; from 1 October and it will last for two weeks. According to Rena Sharma, Assistant Manager, Marketing and Public Relations at Soaltee, the food promotion is designed such that it coincides with the upcoming Dashain. &ldquo;This promotion is intended for Nepali customers so that they can enjoy the festive time with us at Soaltee. We are offering delicious cuisine at a very affordable price through this promotion,&rdquo; says Sharma.<br />
		<br />
		As the name suggests, the promotion features various Szechuan dishes. The cuisine comes to life through scrumptious sea food, pork, lamb and chicken delicacies. Mushrooms are also used intensively in the cuisine. According to Yuba Raj Pokharel, Executive Sous Chef at Soaltee, Szechuan cuisine is loved the world over and also suits Nepali palate.<br />
		<br />
		You can choose from four fixed menus, each of which has soups, starters, mains and desserts. Each set looks equally delicious and colourful. The soups include tofu shitake fresh chilli soup, pickled ginger corn soup, spicy wanton soup and clear garlic noodle soup. The menus have numerous tasty starters like Singapore chilli chicken, prawn Szechuan pepper, aniseed smoked fish with crab meat sweet chilli sauce and mushroom skewers with cilantro burnt chilli sauce. &nbsp;<br />
		<br />
		Mains are equally abundant, and dishes include salted fish fried rice, Szechuan tuna fried rice, steamed noodles with burnt garlic chilli sauce and dragon prawn Szechuan crab meat sauce among others. One of the best dishes in the entire assortment is celery burnt chilli spare ribs. It is a pork rib dish that is first pot roasted in slow heat with ginger garlic, scallion and other spices. The ribs are again tossed in a rich sauce of chilli, ginger garlic, spices and some wine. The ribs are very tender, succulent and really delicious.<br />
		<br />
		A nice ambience and the rich Szechaun cuisine await you this Dashain at China Garden. The price of the fixed menu range from Rs 1350 to Rs 2200 excluding the taxes, and each menu is enough for two. A bottle of Carlsberg beer or a glass of wine comes complementary with each menu. So, eat, drink and be merry this festive season at Soaltee.
		<p>
			&nbsp;</p>
		<p>
			<img alt="szechuan" src="/userfiles/images/sez%20(Copy).jpg" style="width: 550px; height: 116px; margin-left: 15px; margin-right: 15px;" /></p>
	</div>
</div>
<p>
	&nbsp;</p>',
			'published' => true,
			'created' => '2013-10-07',
			'modified' => '2013-10-08',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'China Garden restaurant at Soaltee Crowne Plaza is giving its customers a delicious way to enjoy the upcoming Dashain. The restaurant has started a new food promotion named ‘Szechuan Connection’ from 1 October and it will last for two weeks. According to Rena Sharma, Assistant Manager, Marketing and Public Relations at Soaltee, the food promotion is designed such that it coincides with the upcoming Dashain.',
			'sortorder' => '1813',
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	(int) 5 => array(
		'Article' => array(
			'id' => '1963',
			'article_category_id' => '40',
			'title' => 'NEWBIZ BUSINESS CONCLAVE AND AWARDS 2013 : Panacea For Growth, Saluting The Best',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&ldquo;The political agenda dominated the national discourse and popular action in the last six decades of democratization of Nepal. Now is the time to evolve into the phase of economic agenda being on the top. The private sector of Nepal is the engine of growth, being efficient and cost-effective, and the government is to facilitate it through investment security, enabling laws like new Industrial Enterprise Act and Foreign Direct Investment Policy, et al.&rdquo;</div>
<div>
	&nbsp;</div>
<div>
	Thus spoke Shankar Koirala, Minister for Finance, Industries &amp; Commerce, Government of Nepal, inaugurating the maiden edition of the NewBiz Business Conclave &amp; Awards 2013, held in Hotel Soaltee Crowne Plaza on August 24.</div>
<div>
	&nbsp;</div>
<div>
	Nothing could have captured the mood, the spirit and the essence of this Conclave better than this statement. The Conclave was dedicated to finding a roadmap to doubling the economic growth from current 3.6% growth of the GDP to 7%, and beyond.</div>
<div>
	&nbsp;</div>
<div>
	In groups of three to five speakers, a large number of fore-ranking economists, thought-leaders, businessmen and invited guests from abroad focused on what may make the great Himalayan promise fulfilled and Nepal moving from the status of Least Developed Country to a Developing One within a decade by doubling its growth.</div>
<div>
	&nbsp;</div>
<div>
	&lsquo;Yes! We Can!&rsquo; was the spirit. &lsquo;Can Do&rsquo; was the motto. Even problems were noted as challenges to be tackled sooner or later. Indeed, for some time past now, in spite of several economic challenges, there has been a gradual amelioration of the situation too.</div>
<div>
	&nbsp;</div>
<div>
	Decades of political unrest, bitter ideological conflict, a shaky frame-work of democracy, despondency among some sections of the people, and challenges to entrepreneurship and of infra-structure have surely brought in an air of hopelessness among some youths. And, there is a large number of educated or skilled youths who are leaving the country for greener pastures around the world. It is not a wonder that Nepal receives as remittance equivalent to nearly a quarter of its GDP.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Not withstanding the challenges, every Nepali at heart dreams for turning the nation of exquisite beauty into the Switzerland of Asia. Every educated Nepali rightly wants to reap the best economic advantages of being land-locked between two large and fast developing neighbours, India and China. And, today, most adult citizens of this nation are waiting for ensuing elections to be held in time and peacefully, and political parties agreeing on a common economic agenda to take the country into a prosperous future.</div>
<div>
	&nbsp;</div>
<div>
	That was the spirit of the speakers in the Conclave (more details in later sections). Just a sampling of the views expressed in the Conclave:&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;">&ldquo;Last year service sector in Nepal grew by 6% and industry by 3% and hence it is not difficult to achieve 7% overall growth in a couple of years in Nepal. Industries here are running at half their capacity and just a better capacity utilization with a better labour situation and investments will double the growth.&rdquo;</span></div>
<div>
	&nbsp;</div>
<div style="text-align: right;">
	<strong>- Dr Yuba Raj Khatiwada</strong></div>
<div style="text-align: right;">
	<strong>Governor, Nepal Rastra Bank</strong></div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;">&ldquo;Vocational education is on the rise in Nepal, which is encouraging. The small and medium industries sectors are surviving by sheer hard work rather than an enabling business environment, and they must be encouraged.&rdquo;</span></div>
<div>
	&nbsp;</div>
<div style="text-align: right;">
	<strong>- Rameshore Khanal</strong></div>
<div style="text-align: right;">
	<strong>Former Finance Secretary</strong></div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;">&ldquo;There are ample opportunities to promote specific districts with specific business focal points, like Dhading can be the organic district in order to access and expand the market of vegetables which covers the one-third of the Kathmandu market&hellip;.. Timely election being held, political class must rise to the occasion towards drawing a&nbsp;</span><span style="font-size: 14px;">Common Minimum Economic Agenda, towards which we from Nepal Inc are working.&rdquo;</span></div>
<div>
	&nbsp;</div>
<div style="text-align: right;">
	<strong>-Suraj Vaidya</strong></div>
<div style="text-align: right;">
	<strong>President, Federation of Nepalese Chambers of Commerce &amp; Industry</strong></div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;">&ldquo;It&rsquo;s not just heritage and adventure, there are lot of scope in Nepal in terms of business and MICE tourism (Meeting, Incentive, Convention &amp; Exhibition).&rdquo;</span></div>
<div>
	&nbsp;</div>
<div style="text-align: right;">
	<strong>- Amran Abdul Rahman</strong></div>
<div style="text-align: right;">
	<strong>Director, Malaysia Tourism</strong></div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;">&ldquo;Nepal can take a cue from Vibrant Gujarat Summit and its success in the economy of Gujarat, and can similarly bring in big ticket investments for hydro-power, infrastructure, manufacturing, tourism, agri-business and mines.&rdquo;</span></div>
<div>
	&nbsp;</div>
<div style="text-align: right;">
	<strong>- Sukanti Ghosh</strong></div>
<div style="text-align: right;">
	<strong>Managing Director (India), APCO Worldwide, USA</strong></div>
<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;">&ldquo;Nepal has more than half a century of planned economic development attempt. To achieve this target, we have to mechanise agriculture, commercial herbs, vegetables and fruits.&rdquo;</span></div>
<div>
	&nbsp;</div>
<div style="text-align: right;">
	<strong>-Binod Chaudhary</strong></div>
<div style="text-align: right;">
	<strong>President, Chaudhary Group</strong></div>
<div>
	&nbsp;</div>
<div>
	Where do we go from here? Future is pregnant with possibilities indeed.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Let&rsquo;s begin with the changing face of road network.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The Economic Survey of the Finance Ministry in 2013 says that more than 10,000 kms of roads are blacktopped, almost 6000 kms of road have been graveled, apart from nearly 8500 kms of earthen roads in Nepal. Except Humla and Dolpa, all other 73 districts have road access. The road connectivity with China has also added value to Nepal&rsquo;s economic sector. With the government trying to make the road investment strategy clear and long-term, there is enhanced interest of the private sector too in investing herein. The Public-Private-People Partnership driven Kathmandu-Kulekhani-Hetauda tunnel road is the signature evidence of this positivism.</div>
<div>
	&nbsp;</div>
<div>
	Coming to health and education, Nepal is on a positive direction to largely meet the Millennium Development Goals by 2015. Primary school enrolment has already crossed a whopping 95%, though at the secondary education level it is still one on three eligible children in education, in spite of some increase over the years. The latest infant mortality rate is at 9 per thousand live births, and maternal mortality rate has dropped to 229 per 100,000 live births, making the picture reasonably better than most South Asian neighbors. Significantly, nearly 4500 health institutions of various dimensions are providing health services to some 28 million people in this country. Nepal Living Standard Survey notes that one on four Nepalis today are below the poverty line, much better a situation than a decade or two ago.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Hydropower hopes have eluded the Himalayan nation for decades. Nepal&rsquo;s vast water resources are said to be next only to Brazil. However, till date Nepal is producing only 600 Megawatts of electricity whereas the known sources of hydropower can produce above 80,000 Megawatts, and it is still counting. This one sector alone can change the face of this nation. There are some clear signs towards progress. Upper Tamakoshi project with 456 Megawatts is progressing fast based on eco-friendly run-of-the-river model. Six other projects totaling around 240 Megawatts are also in progress. However, this sector needs clear and effective long-term policies, investment friendly environment and political stability.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The Agriculture sector has also taken a boost with 41 projec vts running on first priority and nine projects kept in second priority by the government, as listed by the National Planning Commission. These projects include special agriculture production program, co-operative farming, micro irrigation, livestock health service, agricultural research program, and others. The per hectare productivity today is around Rs.160,000, of the land available for agriculture and only 20 % is irrigated, and the average income of agriculture laborer has crossed Rs.70,000 per annum. Not the best of situations, but still no one dies of hunger in Nepal.</div>
<div>
	&nbsp;</div>
<div>
	In the manufacturing sector, the average growth rate per year over the last five years has been close to 2%. Production of food products, beverages, cigarettes, shoes, soaps, cement and plastic products have grown more than 3% per annum in this period. More than a thousand medium to large industries employing 300,000 of people function alongside more than a lac cottage and small industries with 600,000 people employed. Higher electricity and more and better roads can work miracles in this sector.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Finally, Tourism. It flourishes in tranquility. Civil war and political instability hitting tourism hard for some time in the past, Nepal is now witnessing positive signs with the total tourist arrivals in 2012 figuring 600,000 only by the air route! The average stay and spending per person per day are still low with less than 40 dollars a day spent by tourists. With 10 five star and 27 three and four star hotels, Nepal has a long way to go to tap the full potentials of tourism, which can be comparable to Malaysia or beyond.</div>
<div>
	&nbsp;</div>
<div>
	Yes, there is a long way to go for this beautiful nation of hardworking, patriotic and industrious people from the Mountains, Hills and the Terai-Madhesh, a nation where women have a better position in the society than many other South Asian nations in general in spite of poverty, a nation where youths work and study together in cities to earn economic independence, a nation where hugely diverse people live, work and enjoy each other&rsquo;s festivals together.</div>
<div>
	&nbsp;</div>
<div>
	The Nation awaits visionary statesman-like leadership ahead and the collective will of many to make a difference in the comity of nations.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The historic NewBiz Business Conclave and Awards is just the right step towards this direction: bringing to the fore the national economic priorities, trying to create a national consensus towards Common Minimum Economic Agenda, bringing forth the voices of business leaders and economists, and creating role models from among Nepal Inc in a nation where most political parties at least officially shun business and profits.</div>
<div>
	&nbsp;</div>
<div>
	Rightly did the NewBiz Chairman Madan Lamsal say at the onset of the awards ceremony, &ldquo;It is said that our work is our love made visible. This is indeed our labour of love. It is a historic moment to come to this point where New Business Age and Aarthik Abhiyan, the nation&rsquo;s leading business publications, salute the best performers in business who have been doing well in spite of economic challenges and political instability. And I congratulate each of the ten winners whom you will know in some moments from now one by one, in advance. We honor ourselves by honoring you. You have not done anything for awards, but for growth and development, to generate profits, employment, and welfare of a lot of people. You are our role models. A nation, yearning to grow, to be counted in the comity of nations, salute each of you for your extra ordinary achievement which will inspire the youth to dream and strive for more.&rdquo;</div>
<div>
	&nbsp;</div>
<table align="center" width="100">
	<tbody>
		<tr>
			<td>
				<img alt="NEWBIZ BUSINESS CONCLAVE AND AWARDS 2013" src="/userfiles/images/p1%20(Copy)(1).jpg" style="border-width: 0px; border-style: solid; width: 550px; height: 283px;" /></td>
		</tr>
		<tr>
			<td bgcolor="#DDDDDD">
				<div align="center">
					<div style="text-align: left;">
						Minister for Finance, Industries, Commerce and Supplies, Government of Nepal, Shankar Koirala along with Newbiz Chairman Madan Lamsal and other distinguished guests launched a book titled &mdash; Nepalko Arthik Briddhi Ek Margachitra (Sambriddha Nepal Abhiyan) during the Conclave &amp; Award ceremony at Soaltee Crowne Plaza.</div>
				</div>
			</td>
		</tr>
	</tbody>
</table>
<div>
	&nbsp;</div>
<table align="center" width="100">
	<tbody>
		<tr>
			<td>
				<img alt="NEWBIZ BUSINESS CONCLAVE AND AWARDS 2013" src="/userfiles/images/p2%20(Copy).jpg" style="border-width: 0px; border-style: solid; width: 550px; height: 443px;" /></td>
		</tr>
		<tr>
			<td bgcolor="#DDDDDD">
				<div align="center">
					<div style="text-align: center;">
						Invitees at registration desk of Newbiz Conclave &amp; Awards-2013</div>
				</div>
			</td>
		</tr>
	</tbody>
</table>
<div>
	&nbsp;</div>
<table align="center" width="100">
	<tbody>
		<tr>
			<td>
				<img alt="NEWBIZ BUSINESS CONCLAVE AND AWARDS 2013" src="/userfiles/images/p3%20(Copy).jpg" style="border-width: 0px; border-style: solid; width: 550px; height: 365px;" /></td>
		</tr>
		<tr>
			<td bgcolor="#DDDDDD">
				<div align="center">
					<div style="text-align: left;">
						<div>
							Binod Chaudhary, President Chaudhary Group exchanging words with Professor Dinesh Chapagain and former finance minister Madhukar SJB Rana at Newbiz Conclave &amp; Awards-2013.</div>
					</div>
				</div>
			</td>
		</tr>
	</tbody>
</table>
<div>
	&nbsp;</div>
<table align="center" width="100">
	<tbody>
		<tr>
			<td>
				<img alt="NEWBIZ BUSINESS CONCLAVE AND AWARDS 2013" src="/userfiles/images/p4%20(Copy).jpg" style="border-width: 0px; border-style: solid; width: 550px; height: 285px;" /></td>
		</tr>
		<tr>
			<td bgcolor="#DDDDDD">
				<div align="center">
					<div style="text-align: left;">
						Minister for Finance, Industries, Commerce and Supplies, Shankar Koirala along with Dr. Yuba Raj Khatiwada, Governor of Nepal Rastra Bank, Newbiz Chairman Madan Lamsal and moderator of the Conclave Achyut Wagle during the interactive session of the Conclave.</div>
				</div>
			</td>
		</tr>
	</tbody>
</table>
<p>
	&nbsp;</p>',
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			'description' => 'The Nation awaits visionary statesman-like leadership ahead and the collective will of many to make a difference in the comity of nations.',
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			'title' => 'Qatar’s New Destination In Saudi Arabia',
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			'summary' => null,
			'content' => '<p>
	<img alt="" src="/userfiles/images/qa.jpg" style="margin-left: 20px; margin-right: 20px; width: 550px; height: 168px;" /></p>
<p>
	Qatar Airways has expanded its operations in Saudi Arabia with the launch of scheduled flights to Ta&rsquo;if which is the airline&rsquo;s sixth destination in Saudi Arabia. Qatar Airways will operate four flights a week non-stop from Doha to Ta&rsquo;if. The addition of this new Saudi city takes the total number of destinations within the airline&rsquo;s network to 132. With the new four weekly flights, Qatar Airways now operates 69 flights a week to Saudi.<br />
	<br />
	Qatar Airways Chief Executive Officer, Akbar Al Baker said the airline was pleased to open this new gateway to Saudi Arabia. &ldquo;During the past few months we succeeded in launching two new destinations in Saudi Arabia &ndash; Al Gassim and now Ta&rsquo;if, which reflects our commitment to reinforcing relations between the State of Qatar and the Kingdom,&rdquo; Al Baker said. Qatar Airways new flights offer the people of Ta&rsquo;if a variety of travel options to more than 130 amazing destinations around the world including London, Paris, Singapore, Bangkok, Beijing, Johannesburg, Melbourne, Delhi and Mumbai. The Ta&rsquo;if route is operated with an Airbus A320 in a two-class configuration of 12 seats<br />
	in Business Class and 132 seats in Economy.</p>',
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			'description' => 'Qatar Airways has expanded its operations in Saudi Arabia with the launch of scheduled flights to Ta’if which is the airline’s sixth destination in Saudi Arabia. Qatar Airways will operate four flights a week non-stop from Doha to Ta’if. The addition of this new Saudi city takes the total number of destinations within the airline’s network to 132.',
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			'article_category_id' => '99',
			'title' => 'Tara Air Flies To Tikapur',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Tara Air has started flights to Tikapur from 3 October. According to the Airline, there will be a scheduled flight on Thursday every week from Nepalgunj to Tikapur.Tara Air has already signed an agreement with Tikapur Airport Research Construction and Operation committee to conduct Kathmandu-Nepalgunj-Tikapur and Tikapur-Nepalgunj-Kathmandu flights. The fare for Tikapur-Nepalgunj is Rs 2,500 and for Tikapur-Kathmandu is Rs 7,500 and vice versa.<br />
	&nbsp;</p>',
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			'description' => 'Tara Air has started flights to Tikapur from 3 October. According to the Airline, there will be a scheduled flight on Thursday every week from Nepalgunj to Tikapur.',
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			'title' => 'Opinion: ‘Possibilities Of The Commodity Market In Nepal’',
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	<span style="font-size:14px;">The third edition of the Money Expo for 2013 is being held in the capital at the end of this month. Aiming to promote investment opportunities and wealth protection strategies, this expo is the largest finance and investment show in Nepal. An interaction programme &lsquo;The possibilities of Commodity Market in Nepal&rsquo; was conducted by New Business Age on September 19 as headway to the Expo. Experts from the commodity market presented their opinion on the current status of this sector. <strong>Excerpts:</strong></span><br />
	<br />
	<img alt="Paristha Nath Poudyal ,Director, Securities Board of Nepal (SEBON)" src="/userfiles/images/pnp.jpg" style="width: 150px; height: 188px;" /></p>
<p>
	<strong>Paristha Nath Poudyal<br />
	Director, Securities Board of Nepal (SEBON)</strong><br />
	<br />
	&bull; The budget of 2070/71 has fixed that the regulation of the commodity market will be done by the Securities Board of Nepal (SEBON). For implementing this decision we have received a working procedure from the Ministry of Finance. We have been directed to submit an ordinance or some legal works to the ministry by mid November.<br />
	&bull; We have already completed two levels of discussion for this. We are improving the market first and then regulating it.<br />
	&bull; We have been studying the regulatory process of various countries like India, Singapore, Hong Kong, United Kingdom and others. We will develop the regulation process according to the context of our country by discussing with stakeholders and studying all other countries&rsquo; regulations.<br />
	&bull; The regulatory body is just a facilitator and we will work accordingly.<br />
	&bull; Rather than the board, the issues related to regulations should be a matter of concern to the government and it should not delay the task.<br />
	&bull; Training for investors is essential. This year we have planned to establish the &lsquo;Capital Market Research and Training Institute&rsquo;. This effort is meant for developing the skills of investors.</p>
<p>
	<br />
	<br />
	<img alt="Dipendra Khatiwada" src="/userfiles/images/dk.jpg" style="width: 150px; height: 188px;" /><br />
	<strong>Dipendra Khatiwada<br />
	Managing Director, Mercantile Exchange Nepal (MEX)</strong></p>
<p>
	<br />
	&bull;&nbsp;&nbsp; &nbsp;The major necessity of today&rsquo;s market is regulation. We have been requesting the government for the formation of regulations from a long time. Regulations develop assurance and build trust among the public.<br />
	&bull;&nbsp;&nbsp; &nbsp;Regulations are not complete in themselves. They should be formed in such a way that they can support exchange companies as well as develop credibility among people.<br />
	&bull;&nbsp;&nbsp; &nbsp;Gold imported to Nepal is not of high quality. Though the gold is said to be of triple line, we should examine whether they are really of that standard. Such checks develop credibility in customers but Nepal does not have such facilities.<br />
	&bull;&nbsp;&nbsp; &nbsp;We do not have the mechanism to verify the quality of goods. If those mechanisms are in places, we can import any goods. Laws should be practical and only goods that can be verified should be imported.<br />
	&bull;&nbsp;&nbsp; &nbsp;There is no investment friendly environment in this market. The willpower of investors has decreased. So the establishment of a warehouse in Nepal is not possible for at least 5 years. Only the regulatory body can bridge the gap.<br />
	&bull;&nbsp;&nbsp; &nbsp;Other financial instruments can be promoted in this condition. Commodity is itself a financial instrument. Hazing platform, price discovery and price dissemination can be developed in the form of financial instruments.<br />
	&bull;&nbsp;&nbsp; &nbsp;Without the will power of the government, people from the outside the government cannot do anything. The government is unable to decide on the issue of formation of regulation for the commodity market which has created problems.<br />
	&bull;&nbsp;&nbsp; &nbsp;We are dealing with exchanges only in our market. Supply and distribution is not possible in such a situation. In international practice too it is seen that in the exchange process, 5 per cent win and 95 percent lose. This reality should be realized by investors.<br />
	&bull;&nbsp;&nbsp; &nbsp;There are frequent transactions happening in the market. Though the quantity has decreased, the quality of transactions has increased and increase in quality is more essential than quantitative increment.</p>
<p>
	<br />
	<br />
	<img alt="Ram Sharan Upreti" src="/userfiles/images/rsu.jpg" style="width: 150px; height: 188px;" /><br />
	<strong>Ram Sharan Upreti<br />
	General Manager, Everest Commodities Limited</strong></p>
<p>
	<br />
	&bull;&nbsp;&nbsp; &nbsp;The problems of the commodity market have been divided into three parts. The foremost problem is the failure of the government to formulate policies; secondly, there is no uniformity in the working policy of commodity exchange companies; and thirdly, the investors are not properly educated about this market.<br />
	&bull;&nbsp;&nbsp; &nbsp;Concerned stakeholders have been discussing issues of the commodity market from the very beginning and stakeholders have been raising their voice regarding this issue. But the government is not showing its concern on this matter. The commodity market has a significant position but the government has not raised any issue regarding this market at discussions of the economy of the country.<br />
	&bull;&nbsp;&nbsp; &nbsp;The failure of conducting a proper exchange operation module is also a problem in this market. There are 10 exchanges operating in the market with different trading modules.&nbsp; Presently, there are two-three types of trading module in Nepal. These modules have different trading and pricing processes which has cause confusion among customers. An appropriate module for the market has not been identified yet which has minimized scope of new opportunity for investors.<br />
	&bull;&nbsp;&nbsp; &nbsp;Lack of proper awareness among investors on the commodity market is also a major problem in this sector. This market has been famous as a glamorous sector. Because of the same reason, the market reached its peak in a short period and did not take long to fall. The people have just understood it as an exchange market.<br />
	&bull;&nbsp;&nbsp; &nbsp;People who do not have proper knowledge come to this market and because of them, the market loses credibility.<br />
	&bull;&nbsp;&nbsp; &nbsp;The commodity market has been in operation for six years. But till date, real investors and organizational investors have not entered the market. Exchange companies have not been able to do something significant in the derivative mechanism.</p>
<p>
	<br />
	<img alt="Santosh Pradhan,Chairman, Nepal Derivative Exchange (NDEX)" src="/userfiles/images/ssp.jpg" style="width: 150px; height: 188px;" /><br />
	<strong>Santosh Pradhan<br />
	Chairman, Nepal Derivative Exchange (NDEX)</strong></p>
<p>
	<br />
	&bull;&nbsp;&nbsp; &nbsp;Commodity exchange is not complete in itself. There are various factors responsible to run this market smoothly. In the context of Nepal, actual commodity exchange has not been practiced yet.<br />
	&bull;&nbsp;&nbsp; &nbsp;An appropriate commodity exchange friendly eco-system is essential for this. The laws and physical infrastructure favourable to this market should be maintained. We must be able to access agricultural products in the international market by storing it in a facilitated warehouse.<br />
	&bull;&nbsp;&nbsp; &nbsp;The government should at least bring an ordinance to maintain regulations and issue license to exchanges and brokers.<br />
	&bull;&nbsp;&nbsp; &nbsp;Exchange companies should be specialized on the basis of their operation procedure, software, human resources and other measures of standardization. Unless this is done, all exchange companies have their own term of standards and they move forward with different schemes.<br />
	&bull;&nbsp;&nbsp; &nbsp;Transaction through warehouses can be the baseline for systematic initiation in this market. In the medium level this market can be developed through big financial institutions, and stakeholders and their trade risks can be addressed through the commodity market.<br />
	&bull;&nbsp;&nbsp; &nbsp;Nepal can be developed as an international financial center. The trade of gold and silver can be done in Nepal in bigger investment. National as well as international investors can invest in this and manage their portfolio.<br />
	&bull;&nbsp;&nbsp; &nbsp;Nepal is not in condition to run 10 commodity exchange at present. Maximum two exchanges would be enough.</p>
<p>
	&nbsp;</p>
<p>
	<br />
	<img alt="Santosh Pradhan, Chairman, Nepal Derivative Exchange (NDEX)" src="/userfiles/images/bs(1).jpg" style="width: 150px; height: 186px;" /><br />
	<strong>Bijesh Shrestha,<br />
	President and Managing Director, Asian Derivative Exchange (ADEX)</strong></p>
<p>
	<br />
	&bull;&nbsp;&nbsp; &nbsp;Everything has a fixed life cycle and so does a commodity market. The commodity market was established in Nepal in 2006 AD and during 2009-2011, it attracted a lot of investors. This expanded the market by mid 2012, it became mature. Anything that experiences drastic growth in a short period of time does not last long and the same thing happened to the commodity market. The market has completed a life cycle and it has to revise itself now with some improvements in regulations and other aspects.<br />
	&bull;&nbsp;&nbsp; &nbsp;Only paper transactions are being done in the commodity market&nbsp; till date. The market grew drastically and crashed immediately because of which customers are losing trust. Trust can be regained by forming a strong base. Similarly, improvement in the capital market and the real estate market is also essential for improving this market.<br />
	&bull;&nbsp;&nbsp; &nbsp;Though there are 10 exchange companies operating in the market, the number of investors does not exceed from 50-60. This shows decrement in the number of investors.<br />
	&bull;&nbsp;&nbsp; &nbsp;The regulatory body should pave the way for regulations and the exchange companies should follow it. This market should include transactions of exchange index and Nepse index to attract investors.</p>
<p>
	&nbsp;</p>
<p>
	<br />
	<img alt="Abhisek Gautam" src="/userfiles/images/ag.jpg" style="width: 150px; height: 186px;" /><br />
	<strong>Abhisek Gautam<br />
	General Manager,Commodity Futures Exchange (CFX)</strong></p>
<p>
	<br />
	&bull;&nbsp;&nbsp; &nbsp;There are more investors observing loss than earning profit in the commodity market.&nbsp; The number of customers in this market has decreased compared to the previous year. This market can observe negative effects which are created because of mismanagement of investors.<br />
	&bull;&nbsp;&nbsp; &nbsp;The commodity market lacks novelty at present. We are using the same old things just with some modification. There have been change in the marketing procedure but production and market is the same.&nbsp; The numbers of investors are decreasing because of security issues in the market.<br />
	&bull;&nbsp;&nbsp; &nbsp;The expansion and recession in the commodity market is directly proportional to the economic cycle. The market has been experiencing recession these days but it was booming some months ago. Everything has its own pace but the commodity market rose exceptionally fast and is experiencing downfall now.<br />
	&bull;&nbsp;&nbsp; &nbsp;Some national and international organizations have been boosting agriculture production, commercialization and pricing in Nepal. Those agriculture products should be included in this market but we are failing to do so as the act related to the warehouse has not been formed yet. Also not formed are shares, treasury bills and other financial instruments that would make the market more effective.</p>',
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			'created' => '2013-10-07',
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			'description' => 'The third edition of the Money Expo for 2013 is being held in the capital at the end of this month. Aiming to promote investment opportunities and wealth protection strategies, this expo is the largest finance and investment show in Nepal. An interaction programme ‘The possibilities of Commodity Market in Nepal’ was conducted by New Business Age on September 19 as headway to the Expo.',
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		'Article' => array(
			'id' => '1950',
			'article_category_id' => '109',
			'title' => 'Nepse Index Rises 3.61 Points',
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			'content' => '<p>
	&nbsp;</p>
<p>
	<strong>--By Sagar Ghimire</strong><br />
	<br />
	Nepal Stock Exchange (Nepse) index rose by 3.61 points last week closing at 545.47. It had settled at 541.86 points on the first day (September 29) of the weekly trading.<br />
	<br />
	2,739,620 shares of 136 companies worth Rs 690 million were traded in 7662 transactions at the secondary market during the week.<br />
	<br />
	While the amount and units of share are 37.87 and 48.45 per cent higher in comparison to the previous week, the securities market observed decline in terms of scrips trade by 3.87 per cent.<br />
	<br />
	Except for the third day of the trading week, there were increments in the Nepse indices all the days of the trading week. Nepse index increased by 0.16 points on the first day (September 29) and by 0.14 second day (September 30) closing at 541.86 and 542 points, respectively. However, it fell by 0.12 points on the third day (October 1) closing at 541.88 points. Likewise, the index surged by 1.3 points the third day (October 2) also closing at 543.18 points and by 2.29 points on the last day (October 3) closing at 545.47. &nbsp;<br />
	<br />
	The sub-indices showed a mixed reaction. While the Insurance, Others, Bank, Hydropower and Development Bank sectors recorded gains, the Manufacturing, Hotel and Finance sectors posted losses during the week. The Other sector was the highest gainer increasing by 11.75 points. The Manufacturing sector was the highest loser shedding 28.65 points. Likewise, the sub-indices of the Insurance sector and Development Banks sector increased by 2.1 and 0.6 points, respectively. The Hotel and Finance sectors dropped by 16.32 and 0.4 points, respectively. There were no changes in the Trading sector. The Himalayan Bank remained at the top in the secondary market in terms of transaction amount, while its promoter share also observed the highest units of share trade during the week. Nepal Telecom&rsquo;s share was at the top in terms of market capitalization.<br />
	<br />
	The share price of 51 companies increased, while that of 49 companies declined during the week. Likewise, the share price of 36 companies remained stable.<br />
	(With the input from Jamb Technologies Pvt Ltd.)</p>
<p>
	<img alt="Sectors" src="/userfiles/images/seco.jpg" style="width: 500px; height: 351px; margin-left: 20px; margin-right: 20px;" /></p>
<hr />
<p>
	<span style="font-size:14px;"><strong>Nepse on Sunday</strong></span><br />
	Nepse index gained 6.19 points closing at 551.66, the first trading day of the week after the beginning of the Dashain festival. A total of 472,869 units of shares of 84 companies worth Rs 109.70 million were traded through 1,391 transactions on the day.<br />
	<br />
	Banking, Development Banks, Hydropower, Finance, Manufacturing and Processing and Others sectors&rsquo; sub-indices increased, while Hotels and Insurance observed decline.<br />
	<br />
	Others sector was the major gainer of the day. Its sub-index increased 12.92 points closing at 692. Hotels sub-index observed the highest decline of 41.78 points with closing at 699.64.<br />
	&nbsp;</p>',
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			'description' => 'Nepal Stock Exchange (Nepse) index rose by 3.61 points last week closing at 545.47. It had settled at 541.86 points on the first day (September 29) of the weekly trading.',
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			'title' => 'Top Ten Losers (30 September - 06 October 2013)',
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			'title' => 'Top Ten Gainers (30 Septermber -  6 October 2013)',
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			'summary' => null,
			'content' => '',
			'published' => true,
			'created' => '2013-10-07',
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			'description' => 'Top Ten Gainers',
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			'title' => 'US Dollar Exchange Rate At Local Market (30 September - 06 October 2013)',
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			'created' => '2013-10-07',
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			'description' => 'US Dollar Exchange Rate At Local market',
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			'title' => 'Weekly Gold And Silver Price (30 September - 6 September 2013)',
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			'content' => '',
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			'created' => '2013-10-07',
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			'description' => 'Weekly Gold And Silver Price',
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			'title' => 'Investigation Into Kist Bank’s Rs 8mn Fraudulence Case',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	Kist Bank initiated an investigation into a fraudulent case involving about Rs 8 million from its Thamel branch last week. The Central Investigation Bureau (CIB) as well as the bank itself initiated the investigation, according to Acting Chief Executive Officer of the Bank, BN Gharti. &ldquo;We cannot say anything until the investigation is concluded,&rdquo; Gharti said. Earlier, on September 25, some fraudsters claiming to be staff members of the bank branch in Kalanki had withdrawn Rs 8 million using the bank&rsquo;s letter pad and seal. The head office had enquired the whereabouts of the cash after it did not find the money deposited at Kalanki branch until the next day. The bank informed that it discovered the fraudulence only after the Kalanki branch told the head office that such cash was not brought from the Thamel branch on that day.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Nepal Rastra Bank (NRB) spokesperson Bhaskar Mani Gnawali said that though they have received information about the loss of Rs 8 million, they did not initiate any action citing the case to be of criminal nature and CIB&rsquo;s initiation into the investigation.&nbsp;</div>',
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			'description' => 'Kist Bank initiated an investigation into a fraudulent case involving about Rs 8 million from its Thamel branch last week. The Central Investigation Bureau (CIB) as well as the bank itself initiated the investigation, according to Acting Chief Executive Officer of the Bank, BN Gharti. “We cannot say anything until the investigation is concluded,”',
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