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Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 60]Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/indexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '1804', 'article_category_id' => '91', 'title' => 'UCPN (Maoist) Wooing Private Sector Poll Strategy Or Paradigm Shift?', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong>--By Sagar Ghimire</strong></div> <div> </div> <div> With the Constituent Assembly elections approaching, UCPN (Maoist) is making an all-out effort to woo the private sector.</div> <div> </div> <div> The Maoist party even agrees to accept a ‘private sector-led economic revolution’ now. Economic analysts term it a paradigm shift in the economic policy of the Maoists - from a vociferous opponent of the capitalism to a proponent of private sector led economic growth. </div> <div> </div> <div> Maoist chairperson Pushpa Kamal Dahal’s statement requesting the business community to lead the ‘economic revolution’ at the Nepal Leadership Summit organized by New Business Age Pvt Ltd on September 5 corroborates the shift of the party from a state-controlled economy to a liberal economic policy. A week later at an interaction programme held by the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), Dahal stressed the need for a private sector-led economic revolution, stressing that only rhetoric would not bring desired transformation in the country.</div> <div> </div> <div> Though the UCPN (Maoist) changed its destructive ways as soon as it joined the mainstream politics in 2006 and said it was open to the concept of open-market economy.</div> <div> The former rebel party’s commitment towards the free market was not so strong at that time. </div> <div> </div> <div> The business community was skeptical towards its economic credentials as it had not shunned violence completely the political document was not in line with favourable market policies and it was creating labour unrest in industries. </div> <div> </div> <div> The Maoists had twice got the opportunity to lead the government after it abandoned the insurgency. The Bilateral Investment Promotion and Protection Agreement (BIPPA) was signed with India during the Dr Baburam Bhattarai-led government, which analysts say, marked a turn of the Maoists to an open market policy. </div> <div> </div> <div> However, many still view the Maoist proximity with the business community in recent days as a strategy in relation to the upcoming CA polls. </div> <div> </div> <div> Maoist sympathiser Economic Analyst Hari Roka sees the Maoist proximity with the business community as an attempt of the former to assuage the fears of the latter by assuring that they would support a free-market but fully regulated economy. “Since the Maoists have now realized that the private sector is also a major player here, they want to strike a balance by taking the business community into confidence,” said Roka. “Earlier, distribution was their central plank, but now they consider production as a priority.” </div> <div> </div> <div> The decision of the Maoist convention in Hetauda on forming production brigades in order to make the party financially self dependant is taken on this line, he said.</div> <div> </div> <div> Senior economist Dr Bishwambhar Pyakurel, however, said that the Maoist attempt to woo the private sector was a result of circumstantial political compulsion. “Their long-term political goal is different, but for the time-being, they do not have any other choice except to move hand-in-hand with the private sector.” </div> <div> </div> <div> He added, “Even though the Maoists are making a commitment to accept the market-led economic system as a tactic to woo the business community for electoral benefits, we have to tap into this opportunity to turn their words to reality.”</div>', 'published' => true, 'created' => '2013-09-16', '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' => 'With the Constituent Assembly elections approaching, UCPN (Maoist) is making an all-out effort to woo the private sector.', 'sortorder' => '1665', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 1 => array( 'Article' => array( 'id' => '1803', 'article_category_id' => '108', 'title' => 'Brief Money Matters', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong><span style="font-size:14px;">NRB refutes deadline extension reports</span></strong></div> <div> Nepal Rastra Bank (NRB) clarified that it has not extended the deadline to meet the minimum required capital (paid-up capital) for banking and financial institutions (BFIs). NRB has ruled out extension of the deadline after there was news reporting that it had extended the deadline to meet the minimum required capital. “We have provisioned that the proposed bonus share distribution on Fiscal Year 2013-14 if approved by the NRB could be counted on the paid-up capital,” NRB spokesperson Bhaskarmani Gyawali said. Through the monetary policy, the NRB had directed those bank and financial institutions, who are yet to meet the minimum paid-up capital, to do so by the end of FY 2013-14. </div> <div> </div> <div> <span style="font-size:14px;"><strong>Tinau’s dividend approved</strong></span></div> <div> Tinau Development Bank Ltd, headquartered at Butwal, got an approval from Nepal Rastra Bank to distribute a 12.69 per cent dividend. The bank is going to distribute the bonus from the profit of Fiscal Year 2012-13. The bank has collected Rs 1.53 billion deposit and extended a total of Rs 1.12 billion during the review period. It has earned a Rs 23.3 million profit and has issued capital of Rs 200 million and paid up capital of 115 million with eight branches in operation.</div> <div> </div> <div> <span style="font-size:14px;"><strong>Everest Announces Book Closure Date</strong></span></div> <div> Everest Bank announced the book closure for share trading from September 18 to October 10 for the upcoming Annual General Meeting (AGM) of the bank. Releasing a communiqué last Wednesday, the bank stated that the 237th meeting of the Board of Directors (BoD) held on September 6 made such a decision. The details of AGM of 2012/13 will be made public by publishing the notice, the communiqué added.</div> <div> </div> <div> <span style="font-size:14px;"><strong>Siddhartha Development’s ‘SDBL Auto Loan’</strong></span></div> <div> Siddhartha Development Bank Ltd started the ‘SDBL Auto Loan’ scheme on the occasion of Dashain. According to the scheme, it will extend loans on 11.99 per cent per annum interest rate to purchase new and reconditioned vehicles with 60 per cent discount on service charge. Likewise, other features of the scheme include loans of up to 80 per cent of the vehicle cost, seven years of moratorium period and unchangeable interest rate for a year, among others.</div> <div> </div> <div> <span style="font-size:14px;"><strong>Garima’s 25 pc dividend</strong></span></div> <div> Garima Development Bank Ltd has said that it will propose a 25 per cent dividend distribution at its Annual General Meeting (AGM). According to the bank, it is going to propose 20 per cent bonus shares and 5 per cent cash dividend. The bank has collected a total amount of Rs 3 billion deposit and floated Rs 2.43 billion as a loan until the end of Fiscal Year 2012-13. Chief Executive Officer Govinda Prashad Dhakal informed that the bank earned an operating profit worth Rs 96.1 million in the FY2012-13. He further said that the bank is planning to issue rights shares next month. The bank has claimed that its issued and paid-up capital will reach 374 million after issuing rights share and distributing the dividends.</div> <div> </div> <div> <span style="font-size:14px;"><strong>Kaski Finance to distribute 13 pc cash dividend</strong></span></div> <div> Pokhara based Kaski Finance has said that it will distribute 13 per cent cash dividend to its shareholders. The dividend will be distributed after the approval from the Annual General Assembly of the Finance and the decision of the 98th meeting of the Board of Directors. Chief Executive Officer (CEO) Toya Raj Adhikari said that the cash dividend is being distributed from the Finance’s profit of the Fiscal Year 2012-13.</div>', 'published' => true, 'created' => '2013-09-14', 'modified' => '0000-00-00', 'keywords' => 'Money Matters', 'description' => 'Nepal Rastra Bank (NRB) clarified that it has not extended the deadline to meet the minimum required capital (paid-up capital) for banking and financial institutions (BFIs).', 'sortorder' => '1664', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 2 => array( 'Article' => array( 'id' => '1802', 'article_category_id' => '109', 'title' => 'TeliaSonera To Sell Hello Mobile Shares', 'sub_title' => '', 'summary' => null, 'content' => '<div> The multinational mobile service provider company TeliaSonera says it will be selling the shares of Nepal Satellite Telecom Pvt Ltd (Hello Mobile). </div> <div> </div> <div> TeliaSonera had bought 57 per cent of shares from Nepal Satellite Telecom last year.</div> <div> </div> <div> Issuing a press statement last Wednesday, TeliaSonera informed that it was going to sell these shares to the American company Zhodar Investment. The selling process of the shares will be completed within a month, stated the press release of the company.</div> <div> </div> <div> “Over the past year, uncertainty regarding regulatory and legal environment for consolidation and granting of licenses in Nepal has increased. Pursuing an acquisition of Nepal Satellite is therefore not considered possible for regulatory reasons,” the statement read, adding that TeliaSonera incurred a loss of Rs 6.2billion with the sale.</div> <div> </div> <div> TeliaSonera, the largest share-holder of mobile operator Ncell which is Nepal's largest mobile operator, has around 10 million subscriptions.</div> <div> </div> <div> The company has said that the agreement will enable it to concentrate on Ncell, which reduces the business risk and complexity of its total involvement in Nepal.</div>', 'published' => true, 'created' => '2013-09-14', 'modified' => '2013-09-14', 'keywords' => 'Money Matter news', 'description' => 'The multinational mobile service provider company TeliaSonera says it will be selling the shares of Nepal Satellite Telecom Pvt Ltd (Hello Mobile).', 'sortorder' => '1663', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 3 => array( 'Article' => array( 'id' => '1801', 'article_category_id' => '149', 'title' => 'Have A Heritage Sleep, Balaji Now Eyeing On Carpet', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> <strong>--By Bhawani Timilsina </strong></div> <table align="right" border="0" cellpadding="1" cellspacing="1" style="float: right; margin: 0px 0px 10px 10px"> <tbody> <tr> <td> <img alt="Hemraj Dhakal, Director, Balaji Coir Industries Pvt Ltd" src="/userfiles/images/hd.jpg" style="border-width: 0px; border-style: solid; width: 200px; height: 209px;" /></td> </tr> <tr> <td bgcolor="#FFFFFF"> <div align="center"> <div> <strong>Hemraj Dhakal</strong></div> <div> Director</div> <div> Balaji Coir Industries Pvt Ltd</div> </div> </td> </tr> </tbody> </table> <div> </div> <div> Being one of the popular local brands ‘Heritage’ mattresses is the favourite choice among the consumers. And, if all goes well, the brand is going to be available in also carpet and furnishing products in near future.</div> <div> </div> <div> “Heritage, by its name, reflects that the product is classic. And that we are also exploring business opportunities in carpet and furnishing goods,” says, Hemraj Dhakal, Director of the Balaji Coir Industries Pvt Ltd (BCIPL).</div> <div> </div> <div> The mattress segment is the key component of the BCIPL. The product was introduced in 2004. “With almost a decade long experience, the company has become successful to surpass all other international brands. We have been attempting to assess quality and comfort through heritage mattress, he says. The company imports raw materials from India, Malaysia, China, Bangladesh, Thailand etc. “We design our products according to the requirements and demand of the consumers,” Dhakal said.</div> <div> </div> <div> </div> <div> The company used to import mattresses from India in initial phase. Later the company had to face numerous problems and they decided to start their own production in Nepal. The major raw materials are coconut fiber and latex that adds natural quality to the product. They follow an international technology during manufacturing process to ensure quality. “We have a lab testing facility and with its inception we have surpassed all the other imported products. Nepalis consumers prefer our brand as it assures both quality and comfort,” he claims.</div> <div> </div> <div> The company has been manufacturing four types of mattresses called silver, gold, diamond and platinum (including super platinum). The company claims to have occupied 20-30 percent share of the total market, with product guarantee of five years.</div> <div> </div> <div> The company has 90 outlets across the country. It also supplies its product to Tibet. The price of the mattresses ranges between Rs 3,500-Rs 25,000. “We have set the price with a view to make it affordable to the people of all classes,” Dhakal said.</div> <div> </div> <div> While sharing the success factors of the brand, he says, “Our marketing strategy plays an important role to achieve success in this field. Our consumers know how to choose the best products on the basis of quality and durability. We can assure that our product is of best quality, giving high comfort.”</div> <div> </div> <div> He also mentions the business advantage of the growing sense in the consumers about the advantages and drawbacks of using mattresses. With the tagline ‘all season mattresses’, the product is suitable to use during all seasons, says Dhakal. The carpet market has been slowly and gradually growing in Nepal.</div> <div> </div> <div> “At a time while the Indian products were flooding the Nepali market, our brand helped reduce the import quantity,” he claims. According to Dhakal, around Rs 100 million has been invested in the company. “Though the competition is not tough, it is very essential to adopt changes in the demand. As the market has been growing it becomes very necessary to deal with quality of product.” he said</div> <div> </div> <div> He feels that the consumers will be benefitted from using Nepalis brands that offer guarantee and warrantee services. As per a market survey, nearly 60 per cent market has been occupied by the local product, whereas 40 percent by the international brands.</div> <div> </div> <div> <img alt="Heritage" src="/userfiles/images/hrtg.jpg" style="width: 550px; height: 362px; margin-left: 20px; margin-right: 20px;" /></div> <div> </div>', 'published' => true, 'created' => '2013-09-10', 'modified' => '2013-09-19', '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' => 'Being one of the popular local brands ‘Heritage’ mattresses is the favourite choice among the consumers. And, if all goes well, the brand is going to be available in also carpet and furnishing products in near future.', 'sortorder' => '1662', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 4 => array( 'Article' => array( 'id' => '1800', 'article_category_id' => '150', 'title' => 'Business Briefs (9 - 15 September 2013)', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong><span style="font-size:14px;"><img alt="Panchakanya Group Celebrates 40th Anniversary" src="/userfiles/images/pk.jpg" style="float: left; margin: 0px 10px 0px 0px; width: 100px; height: 61px;" />Panchakanya Group Celebrates 40th Anniversary</span></strong></div> <div> Panchakanya Group has celebrated 40 years of its presence in the Nepali industrial sector. On the occasion of its annual Panchakanya Day event on August 31st, the Group organized a program for the celebration. The programme held at Hotel Radisson was attended by prominent figures from the various business and non business communities. The highlight of the program was the launch of the group’s first corporate magazine by Managing Director Pradeep Kumar Shrestha.</div> <div> </div> <div> <strong><span style="font-size:14px;"><img alt="Colors Introduces Star 4.0" src="/userfiles/images/clr.jpg" style="float: left; margin: 0px 10px 0px 0px; width: 51px; height: 100px;" />Colors Introduces Star 4.0</span></strong></div> <div> Colors Mobile has introduced Star 4.0 in its Xfactor series. The handset supports 3G SIM and 3G data connections. Xfactor Star has a 4 inch capacitive touch screen and runs on Android Jelly Bean 4.2.2. The phone is powered by 1.3 GHz dual core processor and has 512 MB of RAM. There is a 3.2 MP rear camera and a 0.3 MP front camera, and the camera comes with LED flash and supports panoramic shot mode. The phone is available at a price of Rs 11,000. </div> <div> </div> <div> </div> <div> <strong><span style="font-size:14px;"><img alt="Bajaj’s ‘Dusavatar’" src="/userfiles/images/bjj.jpg" style="float: left; margin: 0px 10px 0px 0px; width: 100px; height: 26px;" />Bajaj’s ‘Dusavatar’</span></strong></div> <div> HH Bajaj, the authorized distributor and marketer of Bajaj Motorcycles in Nepal has introduced a new scheme for Dashain and Tihar called ‘Bajaj Dusavatar’. The scheme offers every customer purchasing Bajaj bikes instant cash prizes and weekly lucky draw coupon. The scheme revolves around the number 10, and offers weekly bumper prize of Rs 1,000,000 to 10 winners. Also, the campaign will last for a period of 10 weeks and the scheme celebrates the 10 years of two wheeler market of Bajaj bikes in Nepal. This offer is active from September 1 and is applicable throughout the country. </div> <div> </div> <div> <strong><span style="font-size:14px;"><img alt="YSRS in Pokhara" src="/userfiles/images/ysrs.jpg" style="float: left; margin: 0px 10px 0px 0px; width: 100px; height: 52px;" />YSRS in Pokhara</span></strong></div> <div> Yamaha conducted its Yamaha Safe Riding Science (YSRS) programme on August 30 in Pokhara College of Management in Nadipur, Pokhara. The programme was attended by 60 participants. The objective of such one-day workshops is to increase road safety awareness for both bikers and pedestrians. This kind of program has been already conducted in more than 12 colleges of Kathmandu valley. The event also featured the test ride of the new reloaded Yamaha FZ-S.</div> <div> </div> <div> <strong><span style="font-size:14px;"><img alt="Hyundai’s Festive Offer" src="/userfiles/images/hnd(1).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 100px; height: 55px;" />Hyundai’s Festive Offer</span></strong></div> <div> Laxmi Intercontinental P Ltd, sole authorized distributor of Hyundai Motors in Nepal has introduced a customer scheme named ‘Dashain Tihar Ko Offer Super Duper Bumper’ for this festive season. Under this scheme, Hyundai customers can get cash discount of up to Rs 500,000 as Super offer, 50 Tola Gold (5 Tola each to 10 persons) as Duper offer, and Bumper prize of two Hyundai Eons through lucky draw. </div> <div> </div>', 'published' => true, 'created' => '2013-09-10', 'modified' => '2013-09-10', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'Panchakanya Group has celebrated 40 years of its presence in the Nepali industrial sector. On the occasion of its annual Panchakanya Day event on August 31st, the Group organized a program for the celebration.', 'sortorder' => '1661', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 5 => array( 'Article' => array( 'id' => '1799', 'article_category_id' => '115', 'title' => 'Tech Briefs (9 - 15 September 2013)', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong><span style="font-size:14px;">Apple Announces Launch Event for Sept 10</span></strong></div> <div> Apple send out a colourful invitationl last Tuesday to a September 10 launch event at which it is widely expected to announce a new version of its iPhone. The invitation, which featured a palette of brightly coloured dots above the tag line “this should brighten everyone’s day,” followed numerous media reports that the company would be introducing a line of low-cost iPhones in a variety of playful colours. </div> <div> </div> <div> <strong><span style="font-size:14px;">Artificial Heart to Alert Heart Attacks</span></strong></div> <div> Scientists have long searched for a durable artificial heart that can work as efficiently as the one supplied by nature. Now Carmat, a Paris based company, has designed an artificial heart fashioned in part from cow tissue. The device, soon to be tested in patients with heart failure, is regulated by sensors, software and microelectronics. And its power will come from two external, wearable lithium-ion batteries. </div> <div> </div> <div> <strong><span style="font-size:14px;">Yahoo Rolls Out its New Logo</span></strong></div> <div> After an extensive amount of build-up, Yahoo has finally unveiled its brand new logo. Overall the look is cleaner and thinner, and it is a new sans-serif typeface created by Yahoo. The logo is still purple, though a shade darker, and features all the usual uppercase letters in the same order finished off by the signature enthusiastic exclamation point, which dances around in some versions. </div> <div> </div> <div> <strong><span style="font-size:14px;">Now, 3D Model to Pinpoint Earthquakes </span></strong></div> <div> Scientists have developed a new 3D model of the Earth to allow them to pinpoint the sources of earthquakes and explosions around the world more accurately than ever. Sandia National Laboratories and Los Alamos National Laboratory partnered to develop a 3-D model of the Earth’s mantle and crust called SALSA3D, or Sandia-Los Alamos 3D. The model uses a scalable triangular tessellation and seismic tomography to map the Earth’s “compressional wave seismic velocity,” a property of the rocks and other materials inside the Earth that indicates how quickly compressional waves travel through them and is one way to accurately locate seismic events, Sandia geophysicist Sandy Ballard said. </div> <div> </div> <div> <strong><span style="font-size:14px;">Twitter to Solve Traffic Woes</span></strong></div> <div> A new method may put an end to traffic woes by collecting information on transportation problems following mass events, like football matches, using tweets made by citizens on Twitter, researchers say. “The ability of social networks to produce information on heavy traffic, road hazards, quality of service of public transportation and more is valuable to decision makers,” said Dr Tsvi Kuflik, the Head of the Information Systems Department at the University of Haifa. </div>', 'published' => true, 'created' => '2013-09-10', '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' => 'Apple send out a colourful invitationl last Tuesday to a September 10 launch event at which it is widely expected to announce a new version of its iPhone.', 'sortorder' => '1660', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 6 => array( 'Article' => array( 'id' => '1798', 'article_category_id' => '116', 'title' => 'Samsung Unveils Smartwatch, New Galaxy Note', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> The era of smartwatches has arrived. Samsung rolled out its Galaxy Gear smartwatch last Wednesday at an event in Berlin. The company also introduced its new Galaxy Note 3 smartphone and the 2014 edition of its tablet the Galaxy Note 10.1.</div> <div> </div> <div> Samsung's Galaxy Gear smartwatch can make and receive calls, take pictures, run its own apps and has a voice control function that allows users to perform tasks by speaking to the device. To navigate the device, a user can swipe the screen from side to side and from top to bottom. The smartwatch is seamlessly connected to a Galaxy user's smartphone and shows a user's updates, like email or texts, on the device screen. </div> <div> </div> <div> Galaxy Gear will launch in more than 140 countries starting on Sept. 25. It will be available in six different colors and will have 10 different pre-loaded clock options for users to choose from.</div> <div> </div> <div> The company also unveiled Samsung's Galaxy Note 3 smartphone. The smartphone houses a S-Pen, which helps unlock the functions of the device; Samsung's Knox security system, which helps protect the device from mobile malware; and a new multi-window feature, which enables users to multi-task easier. The smartphone also features a 5.7-inch display screen, 13 megapixel rear camera, longer battery life, faster LTE and it is available in 10 different colors. Samsung's new high-resolution tablet, an updated Galaxy Note 10.1, is a 10-inch tablet that also syncs with the Gear smartwatch.</div>', 'published' => true, 'created' => '2013-09-10', 'modified' => '2013-09-19', '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 era of smartwatches has arrived. Samsung rolled out its Galaxy Gear smartwatch last Wednesday at an event in Berlin.', 'sortorder' => '1659', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 7 => array( 'Article' => array( 'id' => '1797', 'article_category_id' => '194', 'title' => 'Kohinoor Software:Perfect Business Solutions', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> <strong>--By Sanjeev Sharma</strong></div> <div> </div> <div> There are numerous software products available in the market claiming to be the ‘perfect solution’, leaving you in confusion to choose the right one. Particular software (designed for a particular task) may not be helpful to deal in various sectors. However, some bright ideas are emerging and new players in the Nepali software market are offering effective solutions to the businesses to match their needs. KRB Software Pvt Ltd is one of the leading Nepali developers offering real-time business software solutions. </div> <div> </div> <div> The company has come up with a series of ‘Kohinoor Software’ designed to meet various needs of clients. The series includes accounting and management software with high data security. All software of these series are built on web-based platform, hence can be accessed through mobile devices or computers from any corner of the world. </div> <div> </div> <div> <img alt="Kohinoor Accounting" src="/userfiles/images/acct.jpg" style="float: left; margin: 0px 10px 0px 0px; width: 200px; height: 75px;" /><strong><span style="font-size:14px;">Kohinoor Accounting </span></strong></div> <div> Built using ASP.NET MVC and SQL Server framework, Kohinoor Accounting is application software which processes the daily transactions of business firms. It has wide range of features which are suitable for all kinds of enterprises. Kohinoor Accounting has double entry book keeping system and easy-to-use ledger maintenance. The software can perform VAT reporting, document management, workflow management, normal as well as periodic profit and loss statement reporting of group and sub-groups. Similarly, it can manage complete financial reports like cash/bank summary, day book, journal details, ledgers such as stock ledger, stock ledger with value and stock valuation, trial balance, profit and loss reports, balance sheet reporting and so on. Likewise, inventory management, product and customer wise analysis report, branch wise data entry and reporting can also be done easily using this software. Users can perform search within seconds in just a few clicks as it facilitates easy and fast retrieval of data and information through its search module. Kohinoor Accounting is fully scalable and customizable software which can be used to meet the need of customers. The official price of the software is Rs 25,000. However, KRB Software is offering Kohinoor Accounting at a discounted price of Rs 9,999.</div> <div> </div> <div> <img alt="Kohinoor Hotel Management System" src="/userfiles/images/htl.jpg" style="float: left; margin: 0px 10px 0px 0px; width: 200px; height: 51px;" /><strong><span style="font-size:14px;">Kohinoor Hotel Management System</span></strong></div> <div> Kohinoor Hotel Management is designed to fulfill the needs of data management for hotels. The software is a comprehensive system which is an integrated form of service management, point of sale (POS), hotel reservation, report management, inventory management, front office management, human resource management and account and payroll management etc. Users can manage check-in and check-out of hotel guests, online bookings, house-keeping and track the employee availability and their activities. Kohinoor Hotel Management is web-based application software which provides secured database structure with the authenticated login and multi user system that organizes stores and retrieves information in real-time. Kohinoor Hotel is suitable for all kinds of hotel, motel, inn, guest house, resorts and lodges. This multi-utility software is priced at Rs 100,000.</div> <div> </div> <div> <img alt="Kohinoor Restaurant" src="/userfiles/images/rstr.jpg" style="float: left; margin: 0px 10px 0px 0px; width: 200px; height: 62px;" /><strong><span style="font-size:14px;">Kohinoor Restaurant</span></strong></div> <div> This management software can help in smooth operation of restaurants. Kohinoor Restaurant is an integrated form of service management, POS and restaurant reservation, report management, inventory management and accounting. The software can manage transaction maintenance, bill and report generation, kitchen order token (KOT) and bar order token (BOT), waiters commission management, periodic schemes and human resource and payroll in a very effective manner. The software can also manage lost-and-found belongings of customers. Kohinoor Restaurant carries a price-tag of Rs 25,000. </div> <div> </div> <div> <strong><span style="font-size:14px;">Kohinoor Academy</span></strong></div> <div> Kohinoor Academy is an application designed for the daily academic and administrative operational needs of educational institutions. This software includes a wide range of functional modules and features which are scalable and customisable according to the need of organisations. Kohinoor Academy can effectively manage information of students and teachers, library data and human resource records. Users can schedule or re-schedule all academic activities smartly by using this software. This software helps in generation of routine, results and exam reports with accuracy. It also lets users to print mark sheet, character certificate and identity card. Kohinoor academy can be used to setup students and classes according to the subjects and schedule examinations. It also maintains the attendance of students and teachers. Similarly, users can also schedule school bus routes. Another impressive feature of Kohinoor Academy is the SMS Module, which enables users to send mobile messages individually or to a group of students, parents and teachers/staff to inform them on a particular topic. Parents can access the software to monitor the progress of their children. Apart from academic tasks, Kohinoor Academy also generates accurate accounting and MIS reports of educational institutions. The official price of the application system software is Rs 50,000.</div> <div> </div> <div> <img alt="Kohinoor Hospital" src="/userfiles/images/hsptl.jpg" style="float: left; margin: 0px 10px 0px 0px; width: 200px; height: 53px;" /><strong><span style="font-size:14px;">Kohinoor Hospital</span></strong></div> <div> Kohinoor Hospital is software for managing all operations, financial transactions, doctors, nurses, other personnel, visitors and patients of a hospital. According to the company, the Kohinoor Hospital enhances intra-organisation communication and coordination, increases staff productivity, helps in offering better quality services, improves risk management, optimises revenue recovery, reduces operating cost and eliminates transcription among other benefits. The software also for patient and surgical management, doctor, nurses and patient log in, doctor consultant and their schedule management, inventory management, emergency and ambulance services, patient and staff record maintenance is a web based application. This software also has features such as laboratory and pathology automation, operation room and ICU maintenance, internal messaging system, payroll system and accounting system among others. The developer of Kohinoor Hospital has priced it at Rs 600,000.</div> <div> </div> <div> <img alt="Kohinoor Manpower" src="/userfiles/images/mnpr.jpg" style="float: left; margin: 0px 10px 0px 0px; width: 200px; height: 58px;" /><strong><span style="font-size:14px;">Kohinoor Manpower</span></strong></div> <div> Kohinoor Manpower management application works as an information management system and processes every operation of a manpower enterprise. “We have focused on affordable software that is simple to implement and use,” claims KRB Software. This application keeps track of all applicants, employees, clients and companies. Likewise, it tracks daily transactions, monitors target achievements, account statements, eases follow up of applicants and it can be fully customised to meet the business requirements. According to the company, this application has features such as recruitment process management, complete information management of applicants, tracks status of available workforce recruited for foreign companies, document management, financial reports management, security rights management, multi branch management among others. Kohinoor Manpower can be purchased at Rs 40,000.</div>', 'published' => true, 'created' => '2013-09-10', 'modified' => '2013-09-23', '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' => 'All software of these series are built on web-based platform, hence can be accessed through mobile devices or computers from any corner of the world.', 'sortorder' => '1658', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 8 => array( 'Article' => array( 'id' => '1796', 'article_category_id' => '108', 'title' => 'Money Matters News In Brief (9 -15 September 2013)', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong><span style="font-size:14px;">Everest Bank’s Mobile ATM Facility</span></strong></div> <div> Everest Bank Limited began a mobile ATM facility. As per this facility, customers do not need to go to branch to get the banking services of the Everest Bank. The customers can get the payment from the designated bank representative. The Bank said that they have their designated representatives across the country. According to the press release of the bank, customers can also open their bank account from the designated representative. Everest Bank has introduced the concept of branchless banking service for the first time in Nepal.</div> <div> </div> <div> <strong><span style="font-size:14px;">Siddhartha Dev Bank’s ‘Home Loan Scheme’</span></strong></div> <div> Siddhartha Development Bank brought a ‘SDBL Home Loan’ scheme. The Bank said it has brought the scheme to fulfill the dream of every citizen to have their own home. The Bank informed that it will extend the maximum loan up to Rs 10 million to purchase home and apartment as well as to build the home. </div> <div> </div> <div> <strong><span style="font-size:14px;">Kailash Proposes 19 per cent Dividend </span></strong></div> <div> Kailash Development Bank Ltd said it will distribute 19 per cent dividend from the profit earned in the Fiscal Year 2012-13. The meeting of the Board of Directors (BOD) held last Wednesday decided to recommend distribution of 10 per cent bonus share and 9 per cent cash dividend. The Bank has collected Rs 6.26 billion deposit and extended a total of Rs 5.5 billion as loans in the Fiscal Year 2012-13. It informed that it has earned Rs 152.6 million net profit in the review period. </div> <div> </div> <div> <strong><span style="font-size:14px;">Discount on Infrastructure’s Locker </span></strong></div> <div> Infrastructure Development Bank Ltd said it will provide the free locker facility for a year to the customer opening bank account on ‘Naari Samriddi Khaata’. The Bank said it is providing this facility on the auspicious occasion of Hindu women’s festival Teej. The Bank, which merged with Swastik Merchant Finance Co Ltd last year, is providing banking services to its customers through 18 branches. </div> <div> </div> <div> <strong><span style="font-size:14px;">Laxmi Bank’s branch at Kohalpur</span></strong></div> <div> Laxmi Bank Ltd opened its branch at Kohalpur in Nepalgunj. The branch started its operation from last Monday. The number of the Bank’s branches has reached 33 with this newly opened branch. The Branch’s Manager Rima Malla informed that the branch will offer ATM, internet banking, mobile and other services. </div> <div> </div> <div> <strong><span style="font-size:14px;">Bhrikuti Development Enters 10th Year</span></strong></div> <div> Bhrikuti Development Bank Ltd headquartered in Butwal entered 10th year last Tuesday. The Bank had started its operation on September 3, 2004. The Bank’s paid up capital that started with Rs 10.5 million has now reached Rs 353.1. The Bank has expanded its services to 10 districts. The Bank said that the deposit amount of the bank has reached a total of Rs 4.30 billion and extended a total of Rs 3.21 billion as loans until the end of the Fiscal Year 2012-13. The bank has earned Rs 110 million profit. </div> <div> </div> <div> <strong><span style="font-size:14px;">Om Finance to Distribute 21 pc Dividend</span></strong></div> <div> Om Finance Ltd headquartered at Pokhara said it is planning to distribute 20 per cent bonus share and 1 per cent cash dividend. The Finance’s Annual General Meeting will decide to distribute a total of 21 per cent dividend after getting the approval from the Nepal Rastra Bank, according to the press statement released by the General Manager of Om Finance last Monday. Malla informed that the paid up capital of the Finance will be of worth Rs 325.7 million after distributing the dividend. </div>', 'published' => true, 'created' => '2013-09-09', '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' => 'Everest Bank Limited began a mobile ATM facility. As per this facility, customers do not need to go to branch to get the banking services of the Everest Bank.', 'sortorder' => '1657', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 9 => array( 'Article' => array( 'id' => '1795', 'article_category_id' => '109', 'title' => 'NB’s Non Performing Loan Goes Below 2 Pc', 'sub_title' => '', 'summary' => null, 'content' => '<div> <img alt="NB Bank" src="/userfiles/images/nb.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 52px;" />Nepal Bangladesh Bank Limited informed that it has now less than 2 per cent as non performing loans. Releasing a press statement last Wednesday, the Bank informed that the non performing loan would decrease since it has received the payment of 29,14,012 units of promoters shares worth Rs 763 million from the Bangladesh based IFIC Bank. The Bank said it will utilize Rs 250 million out of the total payment to pay off the loans of different banks and financial institution taken by the NB Bank against the collateral of NB Bank’s shares, while remaining amount would be for recovering loans taken by its Nepali directors. The Bank claimed that the loans by the directors that was counted as the non performing loan, would be recovered now which would decrease the total nonperforming loan.</div>', 'published' => true, 'created' => '2013-09-09', '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' => 'Nepal Bangladesh Bank Limited informed that it has now less than 2 per cent as non performing loans.', 'sortorder' => '1656', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 10 => array( 'Article' => array( 'id' => '1794', 'article_category_id' => '109', 'title' => 'Upadhyay Appointed Kumari Bank’s CEO', 'sub_title' => '', 'summary' => null, 'content' => '<div> <img alt="Udaya Krishna Upadhyay" src="/userfiles/images/ceo.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 124px;" />The meeting of the Board of Director (BOD) of Kumari Bank Limited held last Thursday appointed Udaya Krishna Upadhyay as the Chief Executive Officer (CEO) of the Bank. Upadhyaya, who has 28 years of experience in the banking sector, had joined Kumari Bank four years ago as Deputy General Manager. He was working as Acting CEO for last two years before being appointed as the CEO for a four-year term.The bank and the board members has congratulated newly appointed CEO Upadhyay and extended best wishes and support to take the bank to a newer height during his tenure, according to a press release issued by the Bank.</div>', 'published' => true, 'created' => '2013-09-09', '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' => 'The meeting of the Board of Director (BOD) of Kumari Bank Limited held last Thursday appointed Udaya Krishna Upadhyay as the Chief Executive Officer (CEO) of the Bank.', 'sortorder' => '1655', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 11 => array( 'Article' => array( 'id' => '1793', 'article_category_id' => '109', 'title' => 'BOK Earns Rs 617.1 Million Profits', 'sub_title' => '', 'summary' => null, 'content' => '<div> <img alt="Bank of Kathmandu" src="/userfiles/images/bok.jpg" style="float: right; margin: 0px 0px 0px 10px;width: 150px; height: 61px;" />Bank of Kathmandu (BOK) earned Rs 617.1 million net profit in the Fiscal Year 2012-13. Stating that the Bank has earned satisfactory profit in the FY 2012-13, the meeting of the Board of Directors (BOD) held last Wednesday decided to recommend 0.736 per cent cash dividend and 14 per cent bonus share. The Bank’s total deposit has reached Rs 27.70 in the review period and it extended a total of Rs 23.5 billion as loans.</div>', 'published' => true, 'created' => '2013-09-09', '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' => 'Bank of Kathmandu (BOK) earned Rs 617.1 million net profit in the Fiscal Year 2012-13.', 'sortorder' => '1654', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 12 => array( 'Article' => array( 'id' => '1792', 'article_category_id' => '109', 'title' => '15 Pc Bonus Share By Arun Valley', 'sub_title' => '', 'summary' => null, 'content' => '<div> Arun Valley Hydro Power Development Company Ltd decided to distribute 15 per cent of bonus share and 0.75 per cent of cash dividend. According to the press statement released by the Company, the 16th Annual General Meeting of the Company held recently also decided to authorise the Board of Directors (BOD) to issue rights share at 1:1 ratio. </div> <div> The company has said it has already signed a Power Purchase Agreement (PPA) with Nepal Electricity Authority for Kabeli-B1 Hydropower project of 25-megawatt capacity and Upper Piluwakhola Project of 9.6 megawatt capacity. It has informed that it is taking ahead the Kabeli-B1 project with </div> <div> utmost priority. </div> <div> </div> <div> The AGM has elected Guru Prashad Neupane, Ramesh Prashad Neupane, Bachchha Raj Tater, Jeevan Raj Shakya and Puja Neupane for the Board of Directors. Likewise, Sanjeev Neupane and Bhej Prashad Timilsina too have been elected unanimously for t</div> <div> he board.</div>', 'published' => true, 'created' => '2013-09-09', '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' => 'Arun Valley Hydro Power Development Company Ltd decided to distribute 15 per cent of bonus share and 0.75 per cent of cash dividend.', 'sortorder' => '1653', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 13 => array( 'Article' => array( 'id' => '1791', 'article_category_id' => '110', 'title' => 'Top Ten Losers (2 - 8 September 2013)', 'sub_title' => '', 'summary' => null, 'content' => '', 'published' => true, 'created' => '2013-09-09', '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 Losers', 'sortorder' => '1652', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 14 => array( 'Article' => array( 'id' => '1790', 'article_category_id' => '111', 'title' => 'Top Ten Gainers (2 - 8 September 2013)', 'sub_title' => '', 'summary' => null, 'content' => '', 'published' => true, 'created' => '2013-09-09', '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' => '1651', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ) ) $current_user = null $logged_in = falseinclude - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 60]file not found!Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/indexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '1804', 'article_category_id' => '91', 'title' => 'UCPN (Maoist) Wooing Private Sector Poll Strategy Or Paradigm Shift?', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong>--By Sagar Ghimire</strong></div> <div> </div> <div> With the Constituent Assembly elections approaching, UCPN (Maoist) is making an all-out effort to woo the private sector.</div> <div> </div> <div> The Maoist party even agrees to accept a ‘private sector-led economic revolution’ now. Economic analysts term it a paradigm shift in the economic policy of the Maoists - from a vociferous opponent of the capitalism to a proponent of private sector led economic growth. </div> <div> </div> <div> Maoist chairperson Pushpa Kamal Dahal’s statement requesting the business community to lead the ‘economic revolution’ at the Nepal Leadership Summit organized by New Business Age Pvt Ltd on September 5 corroborates the shift of the party from a state-controlled economy to a liberal economic policy. A week later at an interaction programme held by the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), Dahal stressed the need for a private sector-led economic revolution, stressing that only rhetoric would not bring desired transformation in the country.</div> <div> </div> <div> Though the UCPN (Maoist) changed its destructive ways as soon as it joined the mainstream politics in 2006 and said it was open to the concept of open-market economy.</div> <div> The former rebel party’s commitment towards the free market was not so strong at that time. </div> <div> </div> <div> The business community was skeptical towards its economic credentials as it had not shunned violence completely the political document was not in line with favourable market policies and it was creating labour unrest in industries. </div> <div> </div> <div> The Maoists had twice got the opportunity to lead the government after it abandoned the insurgency. The Bilateral Investment Promotion and Protection Agreement (BIPPA) was signed with India during the Dr Baburam Bhattarai-led government, which analysts say, marked a turn of the Maoists to an open market policy. </div> <div> </div> <div> However, many still view the Maoist proximity with the business community in recent days as a strategy in relation to the upcoming CA polls. </div> <div> </div> <div> Maoist sympathiser Economic Analyst Hari Roka sees the Maoist proximity with the business community as an attempt of the former to assuage the fears of the latter by assuring that they would support a free-market but fully regulated economy. “Since the Maoists have now realized that the private sector is also a major player here, they want to strike a balance by taking the business community into confidence,” said Roka. “Earlier, distribution was their central plank, but now they consider production as a priority.” </div> <div> </div> <div> The decision of the Maoist convention in Hetauda on forming production brigades in order to make the party financially self dependant is taken on this line, he said.</div> <div> </div> <div> Senior economist Dr Bishwambhar Pyakurel, however, said that the Maoist attempt to woo the private sector was a result of circumstantial political compulsion. “Their long-term political goal is different, but for the time-being, they do not have any other choice except to move hand-in-hand with the private sector.” </div> <div> </div> <div> He added, “Even though the Maoists are making a commitment to accept the market-led economic system as a tactic to woo the business community for electoral benefits, we have to tap into this opportunity to turn their words to reality.”</div>', 'published' => true, 'created' => '2013-09-16', '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' => 'With the Constituent Assembly elections approaching, UCPN (Maoist) is making an all-out effort to woo the private sector.', 'sortorder' => '1665', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 1 => array( 'Article' => array( 'id' => '1803', 'article_category_id' => '108', 'title' => 'Brief Money Matters', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong><span style="font-size:14px;">NRB refutes deadline extension reports</span></strong></div> <div> Nepal Rastra Bank (NRB) clarified that it has not extended the deadline to meet the minimum required capital (paid-up capital) for banking and financial institutions (BFIs). NRB has ruled out extension of the deadline after there was news reporting that it had extended the deadline to meet the minimum required capital. “We have provisioned that the proposed bonus share distribution on Fiscal Year 2013-14 if approved by the NRB could be counted on the paid-up capital,” NRB spokesperson Bhaskarmani Gyawali said. Through the monetary policy, the NRB had directed those bank and financial institutions, who are yet to meet the minimum paid-up capital, to do so by the end of FY 2013-14. </div> <div> </div> <div> <span style="font-size:14px;"><strong>Tinau’s dividend approved</strong></span></div> <div> Tinau Development Bank Ltd, headquartered at Butwal, got an approval from Nepal Rastra Bank to distribute a 12.69 per cent dividend. The bank is going to distribute the bonus from the profit of Fiscal Year 2012-13. The bank has collected Rs 1.53 billion deposit and extended a total of Rs 1.12 billion during the review period. It has earned a Rs 23.3 million profit and has issued capital of Rs 200 million and paid up capital of 115 million with eight branches in operation.</div> <div> </div> <div> <span style="font-size:14px;"><strong>Everest Announces Book Closure Date</strong></span></div> <div> Everest Bank announced the book closure for share trading from September 18 to October 10 for the upcoming Annual General Meeting (AGM) of the bank. Releasing a communiqué last Wednesday, the bank stated that the 237th meeting of the Board of Directors (BoD) held on September 6 made such a decision. The details of AGM of 2012/13 will be made public by publishing the notice, the communiqué added.</div> <div> </div> <div> <span style="font-size:14px;"><strong>Siddhartha Development’s ‘SDBL Auto Loan’</strong></span></div> <div> Siddhartha Development Bank Ltd started the ‘SDBL Auto Loan’ scheme on the occasion of Dashain. According to the scheme, it will extend loans on 11.99 per cent per annum interest rate to purchase new and reconditioned vehicles with 60 per cent discount on service charge. Likewise, other features of the scheme include loans of up to 80 per cent of the vehicle cost, seven years of moratorium period and unchangeable interest rate for a year, among others.</div> <div> </div> <div> <span style="font-size:14px;"><strong>Garima’s 25 pc dividend</strong></span></div> <div> Garima Development Bank Ltd has said that it will propose a 25 per cent dividend distribution at its Annual General Meeting (AGM). According to the bank, it is going to propose 20 per cent bonus shares and 5 per cent cash dividend. The bank has collected a total amount of Rs 3 billion deposit and floated Rs 2.43 billion as a loan until the end of Fiscal Year 2012-13. Chief Executive Officer Govinda Prashad Dhakal informed that the bank earned an operating profit worth Rs 96.1 million in the FY2012-13. He further said that the bank is planning to issue rights shares next month. The bank has claimed that its issued and paid-up capital will reach 374 million after issuing rights share and distributing the dividends.</div> <div> </div> <div> <span style="font-size:14px;"><strong>Kaski Finance to distribute 13 pc cash dividend</strong></span></div> <div> Pokhara based Kaski Finance has said that it will distribute 13 per cent cash dividend to its shareholders. The dividend will be distributed after the approval from the Annual General Assembly of the Finance and the decision of the 98th meeting of the Board of Directors. Chief Executive Officer (CEO) Toya Raj Adhikari said that the cash dividend is being distributed from the Finance’s profit of the Fiscal Year 2012-13.</div>', 'published' => true, 'created' => '2013-09-14', 'modified' => '0000-00-00', 'keywords' => 'Money Matters', 'description' => 'Nepal Rastra Bank (NRB) clarified that it has not extended the deadline to meet the minimum required capital (paid-up capital) for banking and financial institutions (BFIs).', 'sortorder' => '1664', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 2 => array( 'Article' => array( 'id' => '1802', 'article_category_id' => '109', 'title' => 'TeliaSonera To Sell Hello Mobile Shares', 'sub_title' => '', 'summary' => null, 'content' => '<div> The multinational mobile service provider company TeliaSonera says it will be selling the shares of Nepal Satellite Telecom Pvt Ltd (Hello Mobile). </div> <div> </div> <div> TeliaSonera had bought 57 per cent of shares from Nepal Satellite Telecom last year.</div> <div> </div> <div> Issuing a press statement last Wednesday, TeliaSonera informed that it was going to sell these shares to the American company Zhodar Investment. The selling process of the shares will be completed within a month, stated the press release of the company.</div> <div> </div> <div> “Over the past year, uncertainty regarding regulatory and legal environment for consolidation and granting of licenses in Nepal has increased. Pursuing an acquisition of Nepal Satellite is therefore not considered possible for regulatory reasons,” the statement read, adding that TeliaSonera incurred a loss of Rs 6.2billion with the sale.</div> <div> </div> <div> TeliaSonera, the largest share-holder of mobile operator Ncell which is Nepal's largest mobile operator, has around 10 million subscriptions.</div> <div> </div> <div> The company has said that the agreement will enable it to concentrate on Ncell, which reduces the business risk and complexity of its total involvement in Nepal.</div>', 'published' => true, 'created' => '2013-09-14', 'modified' => '2013-09-14', 'keywords' => 'Money Matter news', 'description' => 'The multinational mobile service provider company TeliaSonera says it will be selling the shares of Nepal Satellite Telecom Pvt Ltd (Hello Mobile).', 'sortorder' => '1663', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 3 => array( 'Article' => array( 'id' => '1801', 'article_category_id' => '149', 'title' => 'Have A Heritage Sleep, Balaji Now Eyeing On Carpet', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> <strong>--By Bhawani Timilsina </strong></div> <table align="right" border="0" cellpadding="1" cellspacing="1" style="float: right; margin: 0px 0px 10px 10px"> <tbody> <tr> <td> <img alt="Hemraj Dhakal, Director, Balaji Coir Industries Pvt Ltd" src="/userfiles/images/hd.jpg" style="border-width: 0px; border-style: solid; width: 200px; height: 209px;" /></td> </tr> <tr> <td bgcolor="#FFFFFF"> <div align="center"> <div> <strong>Hemraj Dhakal</strong></div> <div> Director</div> <div> Balaji Coir Industries Pvt Ltd</div> </div> </td> </tr> </tbody> </table> <div> </div> <div> Being one of the popular local brands ‘Heritage’ mattresses is the favourite choice among the consumers. And, if all goes well, the brand is going to be available in also carpet and furnishing products in near future.</div> <div> </div> <div> “Heritage, by its name, reflects that the product is classic. And that we are also exploring business opportunities in carpet and furnishing goods,” says, Hemraj Dhakal, Director of the Balaji Coir Industries Pvt Ltd (BCIPL).</div> <div> </div> <div> The mattress segment is the key component of the BCIPL. The product was introduced in 2004. “With almost a decade long experience, the company has become successful to surpass all other international brands. We have been attempting to assess quality and comfort through heritage mattress, he says. The company imports raw materials from India, Malaysia, China, Bangladesh, Thailand etc. “We design our products according to the requirements and demand of the consumers,” Dhakal said.</div> <div> </div> <div> </div> <div> The company used to import mattresses from India in initial phase. Later the company had to face numerous problems and they decided to start their own production in Nepal. The major raw materials are coconut fiber and latex that adds natural quality to the product. They follow an international technology during manufacturing process to ensure quality. “We have a lab testing facility and with its inception we have surpassed all the other imported products. Nepalis consumers prefer our brand as it assures both quality and comfort,” he claims.</div> <div> </div> <div> The company has been manufacturing four types of mattresses called silver, gold, diamond and platinum (including super platinum). The company claims to have occupied 20-30 percent share of the total market, with product guarantee of five years.</div> <div> </div> <div> The company has 90 outlets across the country. It also supplies its product to Tibet. The price of the mattresses ranges between Rs 3,500-Rs 25,000. “We have set the price with a view to make it affordable to the people of all classes,” Dhakal said.</div> <div> </div> <div> While sharing the success factors of the brand, he says, “Our marketing strategy plays an important role to achieve success in this field. Our consumers know how to choose the best products on the basis of quality and durability. We can assure that our product is of best quality, giving high comfort.”</div> <div> </div> <div> He also mentions the business advantage of the growing sense in the consumers about the advantages and drawbacks of using mattresses. With the tagline ‘all season mattresses’, the product is suitable to use during all seasons, says Dhakal. The carpet market has been slowly and gradually growing in Nepal.</div> <div> </div> <div> “At a time while the Indian products were flooding the Nepali market, our brand helped reduce the import quantity,” he claims. According to Dhakal, around Rs 100 million has been invested in the company. “Though the competition is not tough, it is very essential to adopt changes in the demand. As the market has been growing it becomes very necessary to deal with quality of product.” he said</div> <div> </div> <div> He feels that the consumers will be benefitted from using Nepalis brands that offer guarantee and warrantee services. As per a market survey, nearly 60 per cent market has been occupied by the local product, whereas 40 percent by the international brands.</div> <div> </div> <div> <img alt="Heritage" src="/userfiles/images/hrtg.jpg" style="width: 550px; height: 362px; margin-left: 20px; margin-right: 20px;" /></div> <div> </div>', 'published' => true, 'created' => '2013-09-10', 'modified' => '2013-09-19', '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' => 'Being one of the popular local brands ‘Heritage’ mattresses is the favourite choice among the consumers. And, if all goes well, the brand is going to be available in also carpet and furnishing products in near future.', 'sortorder' => '1662', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 4 => array( 'Article' => array( 'id' => '1800', 'article_category_id' => '150', 'title' => 'Business Briefs (9 - 15 September 2013)', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong><span style="font-size:14px;"><img alt="Panchakanya Group Celebrates 40th Anniversary" src="/userfiles/images/pk.jpg" style="float: left; margin: 0px 10px 0px 0px; width: 100px; height: 61px;" />Panchakanya Group Celebrates 40th Anniversary</span></strong></div> <div> Panchakanya Group has celebrated 40 years of its presence in the Nepali industrial sector. On the occasion of its annual Panchakanya Day event on August 31st, the Group organized a program for the celebration. The programme held at Hotel Radisson was attended by prominent figures from the various business and non business communities. The highlight of the program was the launch of the group’s first corporate magazine by Managing Director Pradeep Kumar Shrestha.</div> <div> </div> <div> <strong><span style="font-size:14px;"><img alt="Colors Introduces Star 4.0" src="/userfiles/images/clr.jpg" style="float: left; margin: 0px 10px 0px 0px; width: 51px; height: 100px;" />Colors Introduces Star 4.0</span></strong></div> <div> Colors Mobile has introduced Star 4.0 in its Xfactor series. The handset supports 3G SIM and 3G data connections. Xfactor Star has a 4 inch capacitive touch screen and runs on Android Jelly Bean 4.2.2. The phone is powered by 1.3 GHz dual core processor and has 512 MB of RAM. There is a 3.2 MP rear camera and a 0.3 MP front camera, and the camera comes with LED flash and supports panoramic shot mode. The phone is available at a price of Rs 11,000. </div> <div> </div> <div> </div> <div> <strong><span style="font-size:14px;"><img alt="Bajaj’s ‘Dusavatar’" src="/userfiles/images/bjj.jpg" style="float: left; margin: 0px 10px 0px 0px; width: 100px; height: 26px;" />Bajaj’s ‘Dusavatar’</span></strong></div> <div> HH Bajaj, the authorized distributor and marketer of Bajaj Motorcycles in Nepal has introduced a new scheme for Dashain and Tihar called ‘Bajaj Dusavatar’. The scheme offers every customer purchasing Bajaj bikes instant cash prizes and weekly lucky draw coupon. The scheme revolves around the number 10, and offers weekly bumper prize of Rs 1,000,000 to 10 winners. Also, the campaign will last for a period of 10 weeks and the scheme celebrates the 10 years of two wheeler market of Bajaj bikes in Nepal. This offer is active from September 1 and is applicable throughout the country. </div> <div> </div> <div> <strong><span style="font-size:14px;"><img alt="YSRS in Pokhara" src="/userfiles/images/ysrs.jpg" style="float: left; margin: 0px 10px 0px 0px; width: 100px; height: 52px;" />YSRS in Pokhara</span></strong></div> <div> Yamaha conducted its Yamaha Safe Riding Science (YSRS) programme on August 30 in Pokhara College of Management in Nadipur, Pokhara. The programme was attended by 60 participants. The objective of such one-day workshops is to increase road safety awareness for both bikers and pedestrians. This kind of program has been already conducted in more than 12 colleges of Kathmandu valley. The event also featured the test ride of the new reloaded Yamaha FZ-S.</div> <div> </div> <div> <strong><span style="font-size:14px;"><img alt="Hyundai’s Festive Offer" src="/userfiles/images/hnd(1).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 100px; height: 55px;" />Hyundai’s Festive Offer</span></strong></div> <div> Laxmi Intercontinental P Ltd, sole authorized distributor of Hyundai Motors in Nepal has introduced a customer scheme named ‘Dashain Tihar Ko Offer Super Duper Bumper’ for this festive season. Under this scheme, Hyundai customers can get cash discount of up to Rs 500,000 as Super offer, 50 Tola Gold (5 Tola each to 10 persons) as Duper offer, and Bumper prize of two Hyundai Eons through lucky draw. </div> <div> </div>', 'published' => true, 'created' => '2013-09-10', 'modified' => '2013-09-10', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'Panchakanya Group has celebrated 40 years of its presence in the Nepali industrial sector. On the occasion of its annual Panchakanya Day event on August 31st, the Group organized a program for the celebration.', 'sortorder' => '1661', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 5 => array( 'Article' => array( 'id' => '1799', 'article_category_id' => '115', 'title' => 'Tech Briefs (9 - 15 September 2013)', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong><span style="font-size:14px;">Apple Announces Launch Event for Sept 10</span></strong></div> <div> Apple send out a colourful invitationl last Tuesday to a September 10 launch event at which it is widely expected to announce a new version of its iPhone. The invitation, which featured a palette of brightly coloured dots above the tag line “this should brighten everyone’s day,” followed numerous media reports that the company would be introducing a line of low-cost iPhones in a variety of playful colours. </div> <div> </div> <div> <strong><span style="font-size:14px;">Artificial Heart to Alert Heart Attacks</span></strong></div> <div> Scientists have long searched for a durable artificial heart that can work as efficiently as the one supplied by nature. Now Carmat, a Paris based company, has designed an artificial heart fashioned in part from cow tissue. The device, soon to be tested in patients with heart failure, is regulated by sensors, software and microelectronics. And its power will come from two external, wearable lithium-ion batteries. </div> <div> </div> <div> <strong><span style="font-size:14px;">Yahoo Rolls Out its New Logo</span></strong></div> <div> After an extensive amount of build-up, Yahoo has finally unveiled its brand new logo. Overall the look is cleaner and thinner, and it is a new sans-serif typeface created by Yahoo. The logo is still purple, though a shade darker, and features all the usual uppercase letters in the same order finished off by the signature enthusiastic exclamation point, which dances around in some versions. </div> <div> </div> <div> <strong><span style="font-size:14px;">Now, 3D Model to Pinpoint Earthquakes </span></strong></div> <div> Scientists have developed a new 3D model of the Earth to allow them to pinpoint the sources of earthquakes and explosions around the world more accurately than ever. Sandia National Laboratories and Los Alamos National Laboratory partnered to develop a 3-D model of the Earth’s mantle and crust called SALSA3D, or Sandia-Los Alamos 3D. The model uses a scalable triangular tessellation and seismic tomography to map the Earth’s “compressional wave seismic velocity,” a property of the rocks and other materials inside the Earth that indicates how quickly compressional waves travel through them and is one way to accurately locate seismic events, Sandia geophysicist Sandy Ballard said. </div> <div> </div> <div> <strong><span style="font-size:14px;">Twitter to Solve Traffic Woes</span></strong></div> <div> A new method may put an end to traffic woes by collecting information on transportation problems following mass events, like football matches, using tweets made by citizens on Twitter, researchers say. “The ability of social networks to produce information on heavy traffic, road hazards, quality of service of public transportation and more is valuable to decision makers,” said Dr Tsvi Kuflik, the Head of the Information Systems Department at the University of Haifa. </div>', 'published' => true, 'created' => '2013-09-10', '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' => 'Apple send out a colourful invitationl last Tuesday to a September 10 launch event at which it is widely expected to announce a new version of its iPhone.', 'sortorder' => '1660', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 6 => array( 'Article' => array( 'id' => '1798', 'article_category_id' => '116', 'title' => 'Samsung Unveils Smartwatch, New Galaxy Note', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> The era of smartwatches has arrived. Samsung rolled out its Galaxy Gear smartwatch last Wednesday at an event in Berlin. The company also introduced its new Galaxy Note 3 smartphone and the 2014 edition of its tablet the Galaxy Note 10.1.</div> <div> </div> <div> Samsung's Galaxy Gear smartwatch can make and receive calls, take pictures, run its own apps and has a voice control function that allows users to perform tasks by speaking to the device. To navigate the device, a user can swipe the screen from side to side and from top to bottom. The smartwatch is seamlessly connected to a Galaxy user's smartphone and shows a user's updates, like email or texts, on the device screen. </div> <div> </div> <div> Galaxy Gear will launch in more than 140 countries starting on Sept. 25. It will be available in six different colors and will have 10 different pre-loaded clock options for users to choose from.</div> <div> </div> <div> The company also unveiled Samsung's Galaxy Note 3 smartphone. The smartphone houses a S-Pen, which helps unlock the functions of the device; Samsung's Knox security system, which helps protect the device from mobile malware; and a new multi-window feature, which enables users to multi-task easier. The smartphone also features a 5.7-inch display screen, 13 megapixel rear camera, longer battery life, faster LTE and it is available in 10 different colors. Samsung's new high-resolution tablet, an updated Galaxy Note 10.1, is a 10-inch tablet that also syncs with the Gear smartwatch.</div>', 'published' => true, 'created' => '2013-09-10', 'modified' => '2013-09-19', '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 era of smartwatches has arrived. Samsung rolled out its Galaxy Gear smartwatch last Wednesday at an event in Berlin.', 'sortorder' => '1659', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 7 => array( 'Article' => array( 'id' => '1797', 'article_category_id' => '194', 'title' => 'Kohinoor Software:Perfect Business Solutions', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> <strong>--By Sanjeev Sharma</strong></div> <div> </div> <div> There are numerous software products available in the market claiming to be the ‘perfect solution’, leaving you in confusion to choose the right one. Particular software (designed for a particular task) may not be helpful to deal in various sectors. However, some bright ideas are emerging and new players in the Nepali software market are offering effective solutions to the businesses to match their needs. KRB Software Pvt Ltd is one of the leading Nepali developers offering real-time business software solutions. </div> <div> </div> <div> The company has come up with a series of ‘Kohinoor Software’ designed to meet various needs of clients. The series includes accounting and management software with high data security. All software of these series are built on web-based platform, hence can be accessed through mobile devices or computers from any corner of the world. </div> <div> </div> <div> <img alt="Kohinoor Accounting" src="/userfiles/images/acct.jpg" style="float: left; margin: 0px 10px 0px 0px; width: 200px; height: 75px;" /><strong><span style="font-size:14px;">Kohinoor Accounting </span></strong></div> <div> Built using ASP.NET MVC and SQL Server framework, Kohinoor Accounting is application software which processes the daily transactions of business firms. It has wide range of features which are suitable for all kinds of enterprises. Kohinoor Accounting has double entry book keeping system and easy-to-use ledger maintenance. The software can perform VAT reporting, document management, workflow management, normal as well as periodic profit and loss statement reporting of group and sub-groups. Similarly, it can manage complete financial reports like cash/bank summary, day book, journal details, ledgers such as stock ledger, stock ledger with value and stock valuation, trial balance, profit and loss reports, balance sheet reporting and so on. Likewise, inventory management, product and customer wise analysis report, branch wise data entry and reporting can also be done easily using this software. Users can perform search within seconds in just a few clicks as it facilitates easy and fast retrieval of data and information through its search module. Kohinoor Accounting is fully scalable and customizable software which can be used to meet the need of customers. The official price of the software is Rs 25,000. However, KRB Software is offering Kohinoor Accounting at a discounted price of Rs 9,999.</div> <div> </div> <div> <img alt="Kohinoor Hotel Management System" src="/userfiles/images/htl.jpg" style="float: left; margin: 0px 10px 0px 0px; width: 200px; height: 51px;" /><strong><span style="font-size:14px;">Kohinoor Hotel Management System</span></strong></div> <div> Kohinoor Hotel Management is designed to fulfill the needs of data management for hotels. The software is a comprehensive system which is an integrated form of service management, point of sale (POS), hotel reservation, report management, inventory management, front office management, human resource management and account and payroll management etc. Users can manage check-in and check-out of hotel guests, online bookings, house-keeping and track the employee availability and their activities. Kohinoor Hotel Management is web-based application software which provides secured database structure with the authenticated login and multi user system that organizes stores and retrieves information in real-time. Kohinoor Hotel is suitable for all kinds of hotel, motel, inn, guest house, resorts and lodges. This multi-utility software is priced at Rs 100,000.</div> <div> </div> <div> <img alt="Kohinoor Restaurant" src="/userfiles/images/rstr.jpg" style="float: left; margin: 0px 10px 0px 0px; width: 200px; height: 62px;" /><strong><span style="font-size:14px;">Kohinoor Restaurant</span></strong></div> <div> This management software can help in smooth operation of restaurants. Kohinoor Restaurant is an integrated form of service management, POS and restaurant reservation, report management, inventory management and accounting. The software can manage transaction maintenance, bill and report generation, kitchen order token (KOT) and bar order token (BOT), waiters commission management, periodic schemes and human resource and payroll in a very effective manner. The software can also manage lost-and-found belongings of customers. Kohinoor Restaurant carries a price-tag of Rs 25,000. </div> <div> </div> <div> <strong><span style="font-size:14px;">Kohinoor Academy</span></strong></div> <div> Kohinoor Academy is an application designed for the daily academic and administrative operational needs of educational institutions. This software includes a wide range of functional modules and features which are scalable and customisable according to the need of organisations. Kohinoor Academy can effectively manage information of students and teachers, library data and human resource records. Users can schedule or re-schedule all academic activities smartly by using this software. This software helps in generation of routine, results and exam reports with accuracy. It also lets users to print mark sheet, character certificate and identity card. Kohinoor academy can be used to setup students and classes according to the subjects and schedule examinations. It also maintains the attendance of students and teachers. Similarly, users can also schedule school bus routes. Another impressive feature of Kohinoor Academy is the SMS Module, which enables users to send mobile messages individually or to a group of students, parents and teachers/staff to inform them on a particular topic. Parents can access the software to monitor the progress of their children. Apart from academic tasks, Kohinoor Academy also generates accurate accounting and MIS reports of educational institutions. The official price of the application system software is Rs 50,000.</div> <div> </div> <div> <img alt="Kohinoor Hospital" src="/userfiles/images/hsptl.jpg" style="float: left; margin: 0px 10px 0px 0px; width: 200px; height: 53px;" /><strong><span style="font-size:14px;">Kohinoor Hospital</span></strong></div> <div> Kohinoor Hospital is software for managing all operations, financial transactions, doctors, nurses, other personnel, visitors and patients of a hospital. According to the company, the Kohinoor Hospital enhances intra-organisation communication and coordination, increases staff productivity, helps in offering better quality services, improves risk management, optimises revenue recovery, reduces operating cost and eliminates transcription among other benefits. The software also for patient and surgical management, doctor, nurses and patient log in, doctor consultant and their schedule management, inventory management, emergency and ambulance services, patient and staff record maintenance is a web based application. This software also has features such as laboratory and pathology automation, operation room and ICU maintenance, internal messaging system, payroll system and accounting system among others. The developer of Kohinoor Hospital has priced it at Rs 600,000.</div> <div> </div> <div> <img alt="Kohinoor Manpower" src="/userfiles/images/mnpr.jpg" style="float: left; margin: 0px 10px 0px 0px; width: 200px; height: 58px;" /><strong><span style="font-size:14px;">Kohinoor Manpower</span></strong></div> <div> Kohinoor Manpower management application works as an information management system and processes every operation of a manpower enterprise. “We have focused on affordable software that is simple to implement and use,” claims KRB Software. This application keeps track of all applicants, employees, clients and companies. Likewise, it tracks daily transactions, monitors target achievements, account statements, eases follow up of applicants and it can be fully customised to meet the business requirements. According to the company, this application has features such as recruitment process management, complete information management of applicants, tracks status of available workforce recruited for foreign companies, document management, financial reports management, security rights management, multi branch management among others. Kohinoor Manpower can be purchased at Rs 40,000.</div>', 'published' => true, 'created' => '2013-09-10', 'modified' => '2013-09-23', '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' => 'All software of these series are built on web-based platform, hence can be accessed through mobile devices or computers from any corner of the world.', 'sortorder' => '1658', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 8 => array( 'Article' => array( 'id' => '1796', 'article_category_id' => '108', 'title' => 'Money Matters News In Brief (9 -15 September 2013)', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong><span style="font-size:14px;">Everest Bank’s Mobile ATM Facility</span></strong></div> <div> Everest Bank Limited began a mobile ATM facility. As per this facility, customers do not need to go to branch to get the banking services of the Everest Bank. The customers can get the payment from the designated bank representative. The Bank said that they have their designated representatives across the country. According to the press release of the bank, customers can also open their bank account from the designated representative. Everest Bank has introduced the concept of branchless banking service for the first time in Nepal.</div> <div> </div> <div> <strong><span style="font-size:14px;">Siddhartha Dev Bank’s ‘Home Loan Scheme’</span></strong></div> <div> Siddhartha Development Bank brought a ‘SDBL Home Loan’ scheme. The Bank said it has brought the scheme to fulfill the dream of every citizen to have their own home. The Bank informed that it will extend the maximum loan up to Rs 10 million to purchase home and apartment as well as to build the home. </div> <div> </div> <div> <strong><span style="font-size:14px;">Kailash Proposes 19 per cent Dividend </span></strong></div> <div> Kailash Development Bank Ltd said it will distribute 19 per cent dividend from the profit earned in the Fiscal Year 2012-13. The meeting of the Board of Directors (BOD) held last Wednesday decided to recommend distribution of 10 per cent bonus share and 9 per cent cash dividend. The Bank has collected Rs 6.26 billion deposit and extended a total of Rs 5.5 billion as loans in the Fiscal Year 2012-13. It informed that it has earned Rs 152.6 million net profit in the review period. </div> <div> </div> <div> <strong><span style="font-size:14px;">Discount on Infrastructure’s Locker </span></strong></div> <div> Infrastructure Development Bank Ltd said it will provide the free locker facility for a year to the customer opening bank account on ‘Naari Samriddi Khaata’. The Bank said it is providing this facility on the auspicious occasion of Hindu women’s festival Teej. The Bank, which merged with Swastik Merchant Finance Co Ltd last year, is providing banking services to its customers through 18 branches. </div> <div> </div> <div> <strong><span style="font-size:14px;">Laxmi Bank’s branch at Kohalpur</span></strong></div> <div> Laxmi Bank Ltd opened its branch at Kohalpur in Nepalgunj. The branch started its operation from last Monday. The number of the Bank’s branches has reached 33 with this newly opened branch. The Branch’s Manager Rima Malla informed that the branch will offer ATM, internet banking, mobile and other services. </div> <div> </div> <div> <strong><span style="font-size:14px;">Bhrikuti Development Enters 10th Year</span></strong></div> <div> Bhrikuti Development Bank Ltd headquartered in Butwal entered 10th year last Tuesday. The Bank had started its operation on September 3, 2004. The Bank’s paid up capital that started with Rs 10.5 million has now reached Rs 353.1. The Bank has expanded its services to 10 districts. The Bank said that the deposit amount of the bank has reached a total of Rs 4.30 billion and extended a total of Rs 3.21 billion as loans until the end of the Fiscal Year 2012-13. The bank has earned Rs 110 million profit. </div> <div> </div> <div> <strong><span style="font-size:14px;">Om Finance to Distribute 21 pc Dividend</span></strong></div> <div> Om Finance Ltd headquartered at Pokhara said it is planning to distribute 20 per cent bonus share and 1 per cent cash dividend. The Finance’s Annual General Meeting will decide to distribute a total of 21 per cent dividend after getting the approval from the Nepal Rastra Bank, according to the press statement released by the General Manager of Om Finance last Monday. Malla informed that the paid up capital of the Finance will be of worth Rs 325.7 million after distributing the dividend. </div>', 'published' => true, 'created' => '2013-09-09', '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' => 'Everest Bank Limited began a mobile ATM facility. As per this facility, customers do not need to go to branch to get the banking services of the Everest Bank.', 'sortorder' => '1657', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 9 => array( 'Article' => array( 'id' => '1795', 'article_category_id' => '109', 'title' => 'NB’s Non Performing Loan Goes Below 2 Pc', 'sub_title' => '', 'summary' => null, 'content' => '<div> <img alt="NB Bank" src="/userfiles/images/nb.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 52px;" />Nepal Bangladesh Bank Limited informed that it has now less than 2 per cent as non performing loans. Releasing a press statement last Wednesday, the Bank informed that the non performing loan would decrease since it has received the payment of 29,14,012 units of promoters shares worth Rs 763 million from the Bangladesh based IFIC Bank. The Bank said it will utilize Rs 250 million out of the total payment to pay off the loans of different banks and financial institution taken by the NB Bank against the collateral of NB Bank’s shares, while remaining amount would be for recovering loans taken by its Nepali directors. The Bank claimed that the loans by the directors that was counted as the non performing loan, would be recovered now which would decrease the total nonperforming loan.</div>', 'published' => true, 'created' => '2013-09-09', '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' => 'Nepal Bangladesh Bank Limited informed that it has now less than 2 per cent as non performing loans.', 'sortorder' => '1656', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 10 => array( 'Article' => array( 'id' => '1794', 'article_category_id' => '109', 'title' => 'Upadhyay Appointed Kumari Bank’s CEO', 'sub_title' => '', 'summary' => null, 'content' => '<div> <img alt="Udaya Krishna Upadhyay" src="/userfiles/images/ceo.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 124px;" />The meeting of the Board of Director (BOD) of Kumari Bank Limited held last Thursday appointed Udaya Krishna Upadhyay as the Chief Executive Officer (CEO) of the Bank. Upadhyaya, who has 28 years of experience in the banking sector, had joined Kumari Bank four years ago as Deputy General Manager. He was working as Acting CEO for last two years before being appointed as the CEO for a four-year term.The bank and the board members has congratulated newly appointed CEO Upadhyay and extended best wishes and support to take the bank to a newer height during his tenure, according to a press release issued by the Bank.</div>', 'published' => true, 'created' => '2013-09-09', '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' => 'The meeting of the Board of Director (BOD) of Kumari Bank Limited held last Thursday appointed Udaya Krishna Upadhyay as the Chief Executive Officer (CEO) of the Bank.', 'sortorder' => '1655', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 11 => array( 'Article' => array( 'id' => '1793', 'article_category_id' => '109', 'title' => 'BOK Earns Rs 617.1 Million Profits', 'sub_title' => '', 'summary' => null, 'content' => '<div> <img alt="Bank of Kathmandu" src="/userfiles/images/bok.jpg" style="float: right; margin: 0px 0px 0px 10px;width: 150px; height: 61px;" />Bank of Kathmandu (BOK) earned Rs 617.1 million net profit in the Fiscal Year 2012-13. Stating that the Bank has earned satisfactory profit in the FY 2012-13, the meeting of the Board of Directors (BOD) held last Wednesday decided to recommend 0.736 per cent cash dividend and 14 per cent bonus share. The Bank’s total deposit has reached Rs 27.70 in the review period and it extended a total of Rs 23.5 billion as loans.</div>', 'published' => true, 'created' => '2013-09-09', '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' => 'Bank of Kathmandu (BOK) earned Rs 617.1 million net profit in the Fiscal Year 2012-13.', 'sortorder' => '1654', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 12 => array( 'Article' => array( 'id' => '1792', 'article_category_id' => '109', 'title' => '15 Pc Bonus Share By Arun Valley', 'sub_title' => '', 'summary' => null, 'content' => '<div> Arun Valley Hydro Power Development Company Ltd decided to distribute 15 per cent of bonus share and 0.75 per cent of cash dividend. According to the press statement released by the Company, the 16th Annual General Meeting of the Company held recently also decided to authorise the Board of Directors (BOD) to issue rights share at 1:1 ratio. </div> <div> The company has said it has already signed a Power Purchase Agreement (PPA) with Nepal Electricity Authority for Kabeli-B1 Hydropower project of 25-megawatt capacity and Upper Piluwakhola Project of 9.6 megawatt capacity. It has informed that it is taking ahead the Kabeli-B1 project with </div> <div> utmost priority. </div> <div> </div> <div> The AGM has elected Guru Prashad Neupane, Ramesh Prashad Neupane, Bachchha Raj Tater, Jeevan Raj Shakya and Puja Neupane for the Board of Directors. Likewise, Sanjeev Neupane and Bhej Prashad Timilsina too have been elected unanimously for t</div> <div> he board.</div>', 'published' => true, 'created' => '2013-09-09', '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' => 'Arun Valley Hydro Power Development Company Ltd decided to distribute 15 per cent of bonus share and 0.75 per cent of cash dividend.', 'sortorder' => '1653', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 13 => array( 'Article' => array( 'id' => '1791', 'article_category_id' => '110', 'title' => 'Top Ten Losers (2 - 8 September 2013)', 'sub_title' => '', 'summary' => null, 'content' => '', 'published' => true, 'created' => '2013-09-09', '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 Losers', 'sortorder' => '1652', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 14 => array( 'Article' => array( 'id' => '1790', 'article_category_id' => '111', 'title' => 'Top Ten Gainers (2 - 8 September 2013)', 'sub_title' => '', 'summary' => null, 'content' => '', 'published' => true, 'created' => '2013-09-09', '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' => '1651', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ) ) $current_user = null $logged_in = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 133]Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '1804', 'article_category_id' => '91', 'title' => 'UCPN (Maoist) Wooing Private Sector Poll Strategy Or Paradigm Shift?', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong>--By Sagar Ghimire</strong></div> <div> </div> <div> With the Constituent Assembly elections approaching, UCPN (Maoist) is making an all-out effort to woo the private sector.</div> <div> </div> <div> The Maoist party even agrees to accept a ‘private sector-led economic revolution’ now. Economic analysts term it a paradigm shift in the economic policy of the Maoists - from a vociferous opponent of the capitalism to a proponent of private sector led economic growth. </div> <div> </div> <div> Maoist chairperson Pushpa Kamal Dahal’s statement requesting the business community to lead the ‘economic revolution’ at the Nepal Leadership Summit organized by New Business Age Pvt Ltd on September 5 corroborates the shift of the party from a state-controlled economy to a liberal economic policy. A week later at an interaction programme held by the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), Dahal stressed the need for a private sector-led economic revolution, stressing that only rhetoric would not bring desired transformation in the country.</div> <div> </div> <div> Though the UCPN (Maoist) changed its destructive ways as soon as it joined the mainstream politics in 2006 and said it was open to the concept of open-market economy.</div> <div> The former rebel party’s commitment towards the free market was not so strong at that time. </div> <div> </div> <div> The business community was skeptical towards its economic credentials as it had not shunned violence completely the political document was not in line with favourable market policies and it was creating labour unrest in industries. </div> <div> </div> <div> The Maoists had twice got the opportunity to lead the government after it abandoned the insurgency. The Bilateral Investment Promotion and Protection Agreement (BIPPA) was signed with India during the Dr Baburam Bhattarai-led government, which analysts say, marked a turn of the Maoists to an open market policy. </div> <div> </div> <div> However, many still view the Maoist proximity with the business community in recent days as a strategy in relation to the upcoming CA polls. </div> <div> </div> <div> Maoist sympathiser Economic Analyst Hari Roka sees the Maoist proximity with the business community as an attempt of the former to assuage the fears of the latter by assuring that they would support a free-market but fully regulated economy. “Since the Maoists have now realized that the private sector is also a major player here, they want to strike a balance by taking the business community into confidence,” said Roka. “Earlier, distribution was their central plank, but now they consider production as a priority.” </div> <div> </div> <div> The decision of the Maoist convention in Hetauda on forming production brigades in order to make the party financially self dependant is taken on this line, he said.</div> <div> </div> <div> Senior economist Dr Bishwambhar Pyakurel, however, said that the Maoist attempt to woo the private sector was a result of circumstantial political compulsion. “Their long-term political goal is different, but for the time-being, they do not have any other choice except to move hand-in-hand with the private sector.” </div> <div> </div> <div> He added, “Even though the Maoists are making a commitment to accept the market-led economic system as a tactic to woo the business community for electoral benefits, we have to tap into this opportunity to turn their words to reality.”</div>', 'published' => true, 'created' => '2013-09-16', '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' => 'With the Constituent Assembly elections approaching, UCPN (Maoist) is making an all-out effort to woo the private sector.', 'sortorder' => '1665', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 1 => array( 'Article' => array( 'id' => '1803', 'article_category_id' => '108', 'title' => 'Brief Money Matters', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong><span style="font-size:14px;">NRB refutes deadline extension reports</span></strong></div> <div> Nepal Rastra Bank (NRB) clarified that it has not extended the deadline to meet the minimum required capital (paid-up capital) for banking and financial institutions (BFIs). NRB has ruled out extension of the deadline after there was news reporting that it had extended the deadline to meet the minimum required capital. “We have provisioned that the proposed bonus share distribution on Fiscal Year 2013-14 if approved by the NRB could be counted on the paid-up capital,” NRB spokesperson Bhaskarmani Gyawali said. Through the monetary policy, the NRB had directed those bank and financial institutions, who are yet to meet the minimum paid-up capital, to do so by the end of FY 2013-14. </div> <div> </div> <div> <span style="font-size:14px;"><strong>Tinau’s dividend approved</strong></span></div> <div> Tinau Development Bank Ltd, headquartered at Butwal, got an approval from Nepal Rastra Bank to distribute a 12.69 per cent dividend. The bank is going to distribute the bonus from the profit of Fiscal Year 2012-13. The bank has collected Rs 1.53 billion deposit and extended a total of Rs 1.12 billion during the review period. It has earned a Rs 23.3 million profit and has issued capital of Rs 200 million and paid up capital of 115 million with eight branches in operation.</div> <div> </div> <div> <span style="font-size:14px;"><strong>Everest Announces Book Closure Date</strong></span></div> <div> Everest Bank announced the book closure for share trading from September 18 to October 10 for the upcoming Annual General Meeting (AGM) of the bank. Releasing a communiqué last Wednesday, the bank stated that the 237th meeting of the Board of Directors (BoD) held on September 6 made such a decision. The details of AGM of 2012/13 will be made public by publishing the notice, the communiqué added.</div> <div> </div> <div> <span style="font-size:14px;"><strong>Siddhartha Development’s ‘SDBL Auto Loan’</strong></span></div> <div> Siddhartha Development Bank Ltd started the ‘SDBL Auto Loan’ scheme on the occasion of Dashain. According to the scheme, it will extend loans on 11.99 per cent per annum interest rate to purchase new and reconditioned vehicles with 60 per cent discount on service charge. Likewise, other features of the scheme include loans of up to 80 per cent of the vehicle cost, seven years of moratorium period and unchangeable interest rate for a year, among others.</div> <div> </div> <div> <span style="font-size:14px;"><strong>Garima’s 25 pc dividend</strong></span></div> <div> Garima Development Bank Ltd has said that it will propose a 25 per cent dividend distribution at its Annual General Meeting (AGM). According to the bank, it is going to propose 20 per cent bonus shares and 5 per cent cash dividend. The bank has collected a total amount of Rs 3 billion deposit and floated Rs 2.43 billion as a loan until the end of Fiscal Year 2012-13. Chief Executive Officer Govinda Prashad Dhakal informed that the bank earned an operating profit worth Rs 96.1 million in the FY2012-13. He further said that the bank is planning to issue rights shares next month. The bank has claimed that its issued and paid-up capital will reach 374 million after issuing rights share and distributing the dividends.</div> <div> </div> <div> <span style="font-size:14px;"><strong>Kaski Finance to distribute 13 pc cash dividend</strong></span></div> <div> Pokhara based Kaski Finance has said that it will distribute 13 per cent cash dividend to its shareholders. The dividend will be distributed after the approval from the Annual General Assembly of the Finance and the decision of the 98th meeting of the Board of Directors. Chief Executive Officer (CEO) Toya Raj Adhikari said that the cash dividend is being distributed from the Finance’s profit of the Fiscal Year 2012-13.</div>', 'published' => true, 'created' => '2013-09-14', 'modified' => '0000-00-00', 'keywords' => 'Money Matters', 'description' => 'Nepal Rastra Bank (NRB) clarified that it has not extended the deadline to meet the minimum required capital (paid-up capital) for banking and financial institutions (BFIs).', 'sortorder' => '1664', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 2 => array( 'Article' => array( 'id' => '1802', 'article_category_id' => '109', 'title' => 'TeliaSonera To Sell Hello Mobile Shares', 'sub_title' => '', 'summary' => null, 'content' => '<div> The multinational mobile service provider company TeliaSonera says it will be selling the shares of Nepal Satellite Telecom Pvt Ltd (Hello Mobile). </div> <div> </div> <div> TeliaSonera had bought 57 per cent of shares from Nepal Satellite Telecom last year.</div> <div> </div> <div> Issuing a press statement last Wednesday, TeliaSonera informed that it was going to sell these shares to the American company Zhodar Investment. The selling process of the shares will be completed within a month, stated the press release of the company.</div> <div> </div> <div> “Over the past year, uncertainty regarding regulatory and legal environment for consolidation and granting of licenses in Nepal has increased. Pursuing an acquisition of Nepal Satellite is therefore not considered possible for regulatory reasons,” the statement read, adding that TeliaSonera incurred a loss of Rs 6.2billion with the sale.</div> <div> </div> <div> TeliaSonera, the largest share-holder of mobile operator Ncell which is Nepal's largest mobile operator, has around 10 million subscriptions.</div> <div> </div> <div> The company has said that the agreement will enable it to concentrate on Ncell, which reduces the business risk and complexity of its total involvement in Nepal.</div>', 'published' => true, 'created' => '2013-09-14', 'modified' => '2013-09-14', 'keywords' => 'Money Matter news', 'description' => 'The multinational mobile service provider company TeliaSonera says it will be selling the shares of Nepal Satellite Telecom Pvt Ltd (Hello Mobile).', 'sortorder' => '1663', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 3 => array( 'Article' => array( 'id' => '1801', 'article_category_id' => '149', 'title' => 'Have A Heritage Sleep, Balaji Now Eyeing On Carpet', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> <strong>--By Bhawani Timilsina </strong></div> <table align="right" border="0" cellpadding="1" cellspacing="1" style="float: right; margin: 0px 0px 10px 10px"> <tbody> <tr> <td> <img alt="Hemraj Dhakal, Director, Balaji Coir Industries Pvt Ltd" src="/userfiles/images/hd.jpg" style="border-width: 0px; border-style: solid; width: 200px; height: 209px;" /></td> </tr> <tr> <td bgcolor="#FFFFFF"> <div align="center"> <div> <strong>Hemraj Dhakal</strong></div> <div> Director</div> <div> Balaji Coir Industries Pvt Ltd</div> </div> </td> </tr> </tbody> </table> <div> </div> <div> Being one of the popular local brands ‘Heritage’ mattresses is the favourite choice among the consumers. And, if all goes well, the brand is going to be available in also carpet and furnishing products in near future.</div> <div> </div> <div> “Heritage, by its name, reflects that the product is classic. And that we are also exploring business opportunities in carpet and furnishing goods,” says, Hemraj Dhakal, Director of the Balaji Coir Industries Pvt Ltd (BCIPL).</div> <div> </div> <div> The mattress segment is the key component of the BCIPL. The product was introduced in 2004. “With almost a decade long experience, the company has become successful to surpass all other international brands. We have been attempting to assess quality and comfort through heritage mattress, he says. The company imports raw materials from India, Malaysia, China, Bangladesh, Thailand etc. “We design our products according to the requirements and demand of the consumers,” Dhakal said.</div> <div> </div> <div> </div> <div> The company used to import mattresses from India in initial phase. Later the company had to face numerous problems and they decided to start their own production in Nepal. The major raw materials are coconut fiber and latex that adds natural quality to the product. They follow an international technology during manufacturing process to ensure quality. “We have a lab testing facility and with its inception we have surpassed all the other imported products. Nepalis consumers prefer our brand as it assures both quality and comfort,” he claims.</div> <div> </div> <div> The company has been manufacturing four types of mattresses called silver, gold, diamond and platinum (including super platinum). The company claims to have occupied 20-30 percent share of the total market, with product guarantee of five years.</div> <div> </div> <div> The company has 90 outlets across the country. It also supplies its product to Tibet. The price of the mattresses ranges between Rs 3,500-Rs 25,000. “We have set the price with a view to make it affordable to the people of all classes,” Dhakal said.</div> <div> </div> <div> While sharing the success factors of the brand, he says, “Our marketing strategy plays an important role to achieve success in this field. Our consumers know how to choose the best products on the basis of quality and durability. We can assure that our product is of best quality, giving high comfort.”</div> <div> </div> <div> He also mentions the business advantage of the growing sense in the consumers about the advantages and drawbacks of using mattresses. With the tagline ‘all season mattresses’, the product is suitable to use during all seasons, says Dhakal. The carpet market has been slowly and gradually growing in Nepal.</div> <div> </div> <div> “At a time while the Indian products were flooding the Nepali market, our brand helped reduce the import quantity,” he claims. According to Dhakal, around Rs 100 million has been invested in the company. “Though the competition is not tough, it is very essential to adopt changes in the demand. As the market has been growing it becomes very necessary to deal with quality of product.” he said</div> <div> </div> <div> He feels that the consumers will be benefitted from using Nepalis brands that offer guarantee and warrantee services. As per a market survey, nearly 60 per cent market has been occupied by the local product, whereas 40 percent by the international brands.</div> <div> </div> <div> <img alt="Heritage" src="/userfiles/images/hrtg.jpg" style="width: 550px; height: 362px; margin-left: 20px; margin-right: 20px;" /></div> <div> </div>', 'published' => true, 'created' => '2013-09-10', 'modified' => '2013-09-19', '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' => 'Being one of the popular local brands ‘Heritage’ mattresses is the favourite choice among the consumers. And, if all goes well, the brand is going to be available in also carpet and furnishing products in near future.', 'sortorder' => '1662', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 4 => array( 'Article' => array( 'id' => '1800', 'article_category_id' => '150', 'title' => 'Business Briefs (9 - 15 September 2013)', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong><span style="font-size:14px;"><img alt="Panchakanya Group Celebrates 40th Anniversary" src="/userfiles/images/pk.jpg" style="float: left; margin: 0px 10px 0px 0px; width: 100px; height: 61px;" />Panchakanya Group Celebrates 40th Anniversary</span></strong></div> <div> Panchakanya Group has celebrated 40 years of its presence in the Nepali industrial sector. On the occasion of its annual Panchakanya Day event on August 31st, the Group organized a program for the celebration. The programme held at Hotel Radisson was attended by prominent figures from the various business and non business communities. The highlight of the program was the launch of the group’s first corporate magazine by Managing Director Pradeep Kumar Shrestha.</div> <div> </div> <div> <strong><span style="font-size:14px;"><img alt="Colors Introduces Star 4.0" src="/userfiles/images/clr.jpg" style="float: left; margin: 0px 10px 0px 0px; width: 51px; height: 100px;" />Colors Introduces Star 4.0</span></strong></div> <div> Colors Mobile has introduced Star 4.0 in its Xfactor series. The handset supports 3G SIM and 3G data connections. Xfactor Star has a 4 inch capacitive touch screen and runs on Android Jelly Bean 4.2.2. The phone is powered by 1.3 GHz dual core processor and has 512 MB of RAM. There is a 3.2 MP rear camera and a 0.3 MP front camera, and the camera comes with LED flash and supports panoramic shot mode. The phone is available at a price of Rs 11,000. </div> <div> </div> <div> </div> <div> <strong><span style="font-size:14px;"><img alt="Bajaj’s ‘Dusavatar’" src="/userfiles/images/bjj.jpg" style="float: left; margin: 0px 10px 0px 0px; width: 100px; height: 26px;" />Bajaj’s ‘Dusavatar’</span></strong></div> <div> HH Bajaj, the authorized distributor and marketer of Bajaj Motorcycles in Nepal has introduced a new scheme for Dashain and Tihar called ‘Bajaj Dusavatar’. The scheme offers every customer purchasing Bajaj bikes instant cash prizes and weekly lucky draw coupon. The scheme revolves around the number 10, and offers weekly bumper prize of Rs 1,000,000 to 10 winners. Also, the campaign will last for a period of 10 weeks and the scheme celebrates the 10 years of two wheeler market of Bajaj bikes in Nepal. This offer is active from September 1 and is applicable throughout the country. </div> <div> </div> <div> <strong><span style="font-size:14px;"><img alt="YSRS in Pokhara" src="/userfiles/images/ysrs.jpg" style="float: left; margin: 0px 10px 0px 0px; width: 100px; height: 52px;" />YSRS in Pokhara</span></strong></div> <div> Yamaha conducted its Yamaha Safe Riding Science (YSRS) programme on August 30 in Pokhara College of Management in Nadipur, Pokhara. The programme was attended by 60 participants. The objective of such one-day workshops is to increase road safety awareness for both bikers and pedestrians. This kind of program has been already conducted in more than 12 colleges of Kathmandu valley. The event also featured the test ride of the new reloaded Yamaha FZ-S.</div> <div> </div> <div> <strong><span style="font-size:14px;"><img alt="Hyundai’s Festive Offer" src="/userfiles/images/hnd(1).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 100px; height: 55px;" />Hyundai’s Festive Offer</span></strong></div> <div> Laxmi Intercontinental P Ltd, sole authorized distributor of Hyundai Motors in Nepal has introduced a customer scheme named ‘Dashain Tihar Ko Offer Super Duper Bumper’ for this festive season. Under this scheme, Hyundai customers can get cash discount of up to Rs 500,000 as Super offer, 50 Tola Gold (5 Tola each to 10 persons) as Duper offer, and Bumper prize of two Hyundai Eons through lucky draw. </div> <div> </div>', 'published' => true, 'created' => '2013-09-10', 'modified' => '2013-09-10', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'Panchakanya Group has celebrated 40 years of its presence in the Nepali industrial sector. On the occasion of its annual Panchakanya Day event on August 31st, the Group organized a program for the celebration.', 'sortorder' => '1661', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 5 => array( 'Article' => array( 'id' => '1799', 'article_category_id' => '115', 'title' => 'Tech Briefs (9 - 15 September 2013)', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong><span style="font-size:14px;">Apple Announces Launch Event for Sept 10</span></strong></div> <div> Apple send out a colourful invitationl last Tuesday to a September 10 launch event at which it is widely expected to announce a new version of its iPhone. The invitation, which featured a palette of brightly coloured dots above the tag line “this should brighten everyone’s day,” followed numerous media reports that the company would be introducing a line of low-cost iPhones in a variety of playful colours. </div> <div> </div> <div> <strong><span style="font-size:14px;">Artificial Heart to Alert Heart Attacks</span></strong></div> <div> Scientists have long searched for a durable artificial heart that can work as efficiently as the one supplied by nature. Now Carmat, a Paris based company, has designed an artificial heart fashioned in part from cow tissue. The device, soon to be tested in patients with heart failure, is regulated by sensors, software and microelectronics. And its power will come from two external, wearable lithium-ion batteries. </div> <div> </div> <div> <strong><span style="font-size:14px;">Yahoo Rolls Out its New Logo</span></strong></div> <div> After an extensive amount of build-up, Yahoo has finally unveiled its brand new logo. Overall the look is cleaner and thinner, and it is a new sans-serif typeface created by Yahoo. The logo is still purple, though a shade darker, and features all the usual uppercase letters in the same order finished off by the signature enthusiastic exclamation point, which dances around in some versions. </div> <div> </div> <div> <strong><span style="font-size:14px;">Now, 3D Model to Pinpoint Earthquakes </span></strong></div> <div> Scientists have developed a new 3D model of the Earth to allow them to pinpoint the sources of earthquakes and explosions around the world more accurately than ever. Sandia National Laboratories and Los Alamos National Laboratory partnered to develop a 3-D model of the Earth’s mantle and crust called SALSA3D, or Sandia-Los Alamos 3D. The model uses a scalable triangular tessellation and seismic tomography to map the Earth’s “compressional wave seismic velocity,” a property of the rocks and other materials inside the Earth that indicates how quickly compressional waves travel through them and is one way to accurately locate seismic events, Sandia geophysicist Sandy Ballard said. </div> <div> </div> <div> <strong><span style="font-size:14px;">Twitter to Solve Traffic Woes</span></strong></div> <div> A new method may put an end to traffic woes by collecting information on transportation problems following mass events, like football matches, using tweets made by citizens on Twitter, researchers say. “The ability of social networks to produce information on heavy traffic, road hazards, quality of service of public transportation and more is valuable to decision makers,” said Dr Tsvi Kuflik, the Head of the Information Systems Department at the University of Haifa. </div>', 'published' => true, 'created' => '2013-09-10', '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' => 'Apple send out a colourful invitationl last Tuesday to a September 10 launch event at which it is widely expected to announce a new version of its iPhone.', 'sortorder' => '1660', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 6 => array( 'Article' => array( 'id' => '1798', 'article_category_id' => '116', 'title' => 'Samsung Unveils Smartwatch, New Galaxy Note', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> The era of smartwatches has arrived. Samsung rolled out its Galaxy Gear smartwatch last Wednesday at an event in Berlin. The company also introduced its new Galaxy Note 3 smartphone and the 2014 edition of its tablet the Galaxy Note 10.1.</div> <div> </div> <div> Samsung's Galaxy Gear smartwatch can make and receive calls, take pictures, run its own apps and has a voice control function that allows users to perform tasks by speaking to the device. To navigate the device, a user can swipe the screen from side to side and from top to bottom. The smartwatch is seamlessly connected to a Galaxy user's smartphone and shows a user's updates, like email or texts, on the device screen. </div> <div> </div> <div> Galaxy Gear will launch in more than 140 countries starting on Sept. 25. It will be available in six different colors and will have 10 different pre-loaded clock options for users to choose from.</div> <div> </div> <div> The company also unveiled Samsung's Galaxy Note 3 smartphone. The smartphone houses a S-Pen, which helps unlock the functions of the device; Samsung's Knox security system, which helps protect the device from mobile malware; and a new multi-window feature, which enables users to multi-task easier. The smartphone also features a 5.7-inch display screen, 13 megapixel rear camera, longer battery life, faster LTE and it is available in 10 different colors. Samsung's new high-resolution tablet, an updated Galaxy Note 10.1, is a 10-inch tablet that also syncs with the Gear smartwatch.</div>', 'published' => true, 'created' => '2013-09-10', 'modified' => '2013-09-19', '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 era of smartwatches has arrived. Samsung rolled out its Galaxy Gear smartwatch last Wednesday at an event in Berlin.', 'sortorder' => '1659', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 7 => array( 'Article' => array( 'id' => '1797', 'article_category_id' => '194', 'title' => 'Kohinoor Software:Perfect Business Solutions', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> <strong>--By Sanjeev Sharma</strong></div> <div> </div> <div> There are numerous software products available in the market claiming to be the ‘perfect solution’, leaving you in confusion to choose the right one. Particular software (designed for a particular task) may not be helpful to deal in various sectors. However, some bright ideas are emerging and new players in the Nepali software market are offering effective solutions to the businesses to match their needs. KRB Software Pvt Ltd is one of the leading Nepali developers offering real-time business software solutions. </div> <div> </div> <div> The company has come up with a series of ‘Kohinoor Software’ designed to meet various needs of clients. The series includes accounting and management software with high data security. All software of these series are built on web-based platform, hence can be accessed through mobile devices or computers from any corner of the world. </div> <div> </div> <div> <img alt="Kohinoor Accounting" src="/userfiles/images/acct.jpg" style="float: left; margin: 0px 10px 0px 0px; width: 200px; height: 75px;" /><strong><span style="font-size:14px;">Kohinoor Accounting </span></strong></div> <div> Built using ASP.NET MVC and SQL Server framework, Kohinoor Accounting is application software which processes the daily transactions of business firms. It has wide range of features which are suitable for all kinds of enterprises. Kohinoor Accounting has double entry book keeping system and easy-to-use ledger maintenance. The software can perform VAT reporting, document management, workflow management, normal as well as periodic profit and loss statement reporting of group and sub-groups. Similarly, it can manage complete financial reports like cash/bank summary, day book, journal details, ledgers such as stock ledger, stock ledger with value and stock valuation, trial balance, profit and loss reports, balance sheet reporting and so on. Likewise, inventory management, product and customer wise analysis report, branch wise data entry and reporting can also be done easily using this software. Users can perform search within seconds in just a few clicks as it facilitates easy and fast retrieval of data and information through its search module. Kohinoor Accounting is fully scalable and customizable software which can be used to meet the need of customers. The official price of the software is Rs 25,000. However, KRB Software is offering Kohinoor Accounting at a discounted price of Rs 9,999.</div> <div> </div> <div> <img alt="Kohinoor Hotel Management System" src="/userfiles/images/htl.jpg" style="float: left; margin: 0px 10px 0px 0px; width: 200px; height: 51px;" /><strong><span style="font-size:14px;">Kohinoor Hotel Management System</span></strong></div> <div> Kohinoor Hotel Management is designed to fulfill the needs of data management for hotels. The software is a comprehensive system which is an integrated form of service management, point of sale (POS), hotel reservation, report management, inventory management, front office management, human resource management and account and payroll management etc. Users can manage check-in and check-out of hotel guests, online bookings, house-keeping and track the employee availability and their activities. Kohinoor Hotel Management is web-based application software which provides secured database structure with the authenticated login and multi user system that organizes stores and retrieves information in real-time. Kohinoor Hotel is suitable for all kinds of hotel, motel, inn, guest house, resorts and lodges. This multi-utility software is priced at Rs 100,000.</div> <div> </div> <div> <img alt="Kohinoor Restaurant" src="/userfiles/images/rstr.jpg" style="float: left; margin: 0px 10px 0px 0px; width: 200px; height: 62px;" /><strong><span style="font-size:14px;">Kohinoor Restaurant</span></strong></div> <div> This management software can help in smooth operation of restaurants. Kohinoor Restaurant is an integrated form of service management, POS and restaurant reservation, report management, inventory management and accounting. The software can manage transaction maintenance, bill and report generation, kitchen order token (KOT) and bar order token (BOT), waiters commission management, periodic schemes and human resource and payroll in a very effective manner. The software can also manage lost-and-found belongings of customers. Kohinoor Restaurant carries a price-tag of Rs 25,000. </div> <div> </div> <div> <strong><span style="font-size:14px;">Kohinoor Academy</span></strong></div> <div> Kohinoor Academy is an application designed for the daily academic and administrative operational needs of educational institutions. This software includes a wide range of functional modules and features which are scalable and customisable according to the need of organisations. Kohinoor Academy can effectively manage information of students and teachers, library data and human resource records. Users can schedule or re-schedule all academic activities smartly by using this software. This software helps in generation of routine, results and exam reports with accuracy. It also lets users to print mark sheet, character certificate and identity card. Kohinoor academy can be used to setup students and classes according to the subjects and schedule examinations. It also maintains the attendance of students and teachers. Similarly, users can also schedule school bus routes. Another impressive feature of Kohinoor Academy is the SMS Module, which enables users to send mobile messages individually or to a group of students, parents and teachers/staff to inform them on a particular topic. Parents can access the software to monitor the progress of their children. Apart from academic tasks, Kohinoor Academy also generates accurate accounting and MIS reports of educational institutions. The official price of the application system software is Rs 50,000.</div> <div> </div> <div> <img alt="Kohinoor Hospital" src="/userfiles/images/hsptl.jpg" style="float: left; margin: 0px 10px 0px 0px; width: 200px; height: 53px;" /><strong><span style="font-size:14px;">Kohinoor Hospital</span></strong></div> <div> Kohinoor Hospital is software for managing all operations, financial transactions, doctors, nurses, other personnel, visitors and patients of a hospital. According to the company, the Kohinoor Hospital enhances intra-organisation communication and coordination, increases staff productivity, helps in offering better quality services, improves risk management, optimises revenue recovery, reduces operating cost and eliminates transcription among other benefits. The software also for patient and surgical management, doctor, nurses and patient log in, doctor consultant and their schedule management, inventory management, emergency and ambulance services, patient and staff record maintenance is a web based application. This software also has features such as laboratory and pathology automation, operation room and ICU maintenance, internal messaging system, payroll system and accounting system among others. The developer of Kohinoor Hospital has priced it at Rs 600,000.</div> <div> </div> <div> <img alt="Kohinoor Manpower" src="/userfiles/images/mnpr.jpg" style="float: left; margin: 0px 10px 0px 0px; width: 200px; height: 58px;" /><strong><span style="font-size:14px;">Kohinoor Manpower</span></strong></div> <div> Kohinoor Manpower management application works as an information management system and processes every operation of a manpower enterprise. “We have focused on affordable software that is simple to implement and use,” claims KRB Software. This application keeps track of all applicants, employees, clients and companies. Likewise, it tracks daily transactions, monitors target achievements, account statements, eases follow up of applicants and it can be fully customised to meet the business requirements. According to the company, this application has features such as recruitment process management, complete information management of applicants, tracks status of available workforce recruited for foreign companies, document management, financial reports management, security rights management, multi branch management among others. Kohinoor Manpower can be purchased at Rs 40,000.</div>', 'published' => true, 'created' => '2013-09-10', 'modified' => '2013-09-23', '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' => 'All software of these series are built on web-based platform, hence can be accessed through mobile devices or computers from any corner of the world.', 'sortorder' => '1658', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 8 => array( 'Article' => array( 'id' => '1796', 'article_category_id' => '108', 'title' => 'Money Matters News In Brief (9 -15 September 2013)', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong><span style="font-size:14px;">Everest Bank’s Mobile ATM Facility</span></strong></div> <div> Everest Bank Limited began a mobile ATM facility. As per this facility, customers do not need to go to branch to get the banking services of the Everest Bank. The customers can get the payment from the designated bank representative. The Bank said that they have their designated representatives across the country. According to the press release of the bank, customers can also open their bank account from the designated representative. Everest Bank has introduced the concept of branchless banking service for the first time in Nepal.</div> <div> </div> <div> <strong><span style="font-size:14px;">Siddhartha Dev Bank’s ‘Home Loan Scheme’</span></strong></div> <div> Siddhartha Development Bank brought a ‘SDBL Home Loan’ scheme. The Bank said it has brought the scheme to fulfill the dream of every citizen to have their own home. The Bank informed that it will extend the maximum loan up to Rs 10 million to purchase home and apartment as well as to build the home. </div> <div> </div> <div> <strong><span style="font-size:14px;">Kailash Proposes 19 per cent Dividend </span></strong></div> <div> Kailash Development Bank Ltd said it will distribute 19 per cent dividend from the profit earned in the Fiscal Year 2012-13. The meeting of the Board of Directors (BOD) held last Wednesday decided to recommend distribution of 10 per cent bonus share and 9 per cent cash dividend. The Bank has collected Rs 6.26 billion deposit and extended a total of Rs 5.5 billion as loans in the Fiscal Year 2012-13. It informed that it has earned Rs 152.6 million net profit in the review period. </div> <div> </div> <div> <strong><span style="font-size:14px;">Discount on Infrastructure’s Locker </span></strong></div> <div> Infrastructure Development Bank Ltd said it will provide the free locker facility for a year to the customer opening bank account on ‘Naari Samriddi Khaata’. The Bank said it is providing this facility on the auspicious occasion of Hindu women’s festival Teej. The Bank, which merged with Swastik Merchant Finance Co Ltd last year, is providing banking services to its customers through 18 branches. </div> <div> </div> <div> <strong><span style="font-size:14px;">Laxmi Bank’s branch at Kohalpur</span></strong></div> <div> Laxmi Bank Ltd opened its branch at Kohalpur in Nepalgunj. The branch started its operation from last Monday. The number of the Bank’s branches has reached 33 with this newly opened branch. The Branch’s Manager Rima Malla informed that the branch will offer ATM, internet banking, mobile and other services. </div> <div> </div> <div> <strong><span style="font-size:14px;">Bhrikuti Development Enters 10th Year</span></strong></div> <div> Bhrikuti Development Bank Ltd headquartered in Butwal entered 10th year last Tuesday. The Bank had started its operation on September 3, 2004. The Bank’s paid up capital that started with Rs 10.5 million has now reached Rs 353.1. The Bank has expanded its services to 10 districts. The Bank said that the deposit amount of the bank has reached a total of Rs 4.30 billion and extended a total of Rs 3.21 billion as loans until the end of the Fiscal Year 2012-13. The bank has earned Rs 110 million profit. </div> <div> </div> <div> <strong><span style="font-size:14px;">Om Finance to Distribute 21 pc Dividend</span></strong></div> <div> Om Finance Ltd headquartered at Pokhara said it is planning to distribute 20 per cent bonus share and 1 per cent cash dividend. The Finance’s Annual General Meeting will decide to distribute a total of 21 per cent dividend after getting the approval from the Nepal Rastra Bank, according to the press statement released by the General Manager of Om Finance last Monday. Malla informed that the paid up capital of the Finance will be of worth Rs 325.7 million after distributing the dividend. </div>', 'published' => true, 'created' => '2013-09-09', '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' => 'Everest Bank Limited began a mobile ATM facility. As per this facility, customers do not need to go to branch to get the banking services of the Everest Bank.', 'sortorder' => '1657', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 9 => array( 'Article' => array( 'id' => '1795', 'article_category_id' => '109', 'title' => 'NB’s Non Performing Loan Goes Below 2 Pc', 'sub_title' => '', 'summary' => null, 'content' => '<div> <img alt="NB Bank" src="/userfiles/images/nb.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 52px;" />Nepal Bangladesh Bank Limited informed that it has now less than 2 per cent as non performing loans. Releasing a press statement last Wednesday, the Bank informed that the non performing loan would decrease since it has received the payment of 29,14,012 units of promoters shares worth Rs 763 million from the Bangladesh based IFIC Bank. The Bank said it will utilize Rs 250 million out of the total payment to pay off the loans of different banks and financial institution taken by the NB Bank against the collateral of NB Bank’s shares, while remaining amount would be for recovering loans taken by its Nepali directors. The Bank claimed that the loans by the directors that was counted as the non performing loan, would be recovered now which would decrease the total nonperforming loan.</div>', 'published' => true, 'created' => '2013-09-09', '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' => 'Nepal Bangladesh Bank Limited informed that it has now less than 2 per cent as non performing loans.', 'sortorder' => '1656', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 10 => array( 'Article' => array( 'id' => '1794', 'article_category_id' => '109', 'title' => 'Upadhyay Appointed Kumari Bank’s CEO', 'sub_title' => '', 'summary' => null, 'content' => '<div> <img alt="Udaya Krishna Upadhyay" src="/userfiles/images/ceo.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 124px;" />The meeting of the Board of Director (BOD) of Kumari Bank Limited held last Thursday appointed Udaya Krishna Upadhyay as the Chief Executive Officer (CEO) of the Bank. Upadhyaya, who has 28 years of experience in the banking sector, had joined Kumari Bank four years ago as Deputy General Manager. He was working as Acting CEO for last two years before being appointed as the CEO for a four-year term.The bank and the board members has congratulated newly appointed CEO Upadhyay and extended best wishes and support to take the bank to a newer height during his tenure, according to a press release issued by the Bank.</div>', 'published' => true, 'created' => '2013-09-09', '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' => 'The meeting of the Board of Director (BOD) of Kumari Bank Limited held last Thursday appointed Udaya Krishna Upadhyay as the Chief Executive Officer (CEO) of the Bank.', 'sortorder' => '1655', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 11 => array( 'Article' => array( 'id' => '1793', 'article_category_id' => '109', 'title' => 'BOK Earns Rs 617.1 Million Profits', 'sub_title' => '', 'summary' => null, 'content' => '<div> <img alt="Bank of Kathmandu" src="/userfiles/images/bok.jpg" style="float: right; margin: 0px 0px 0px 10px;width: 150px; height: 61px;" />Bank of Kathmandu (BOK) earned Rs 617.1 million net profit in the Fiscal Year 2012-13. Stating that the Bank has earned satisfactory profit in the FY 2012-13, the meeting of the Board of Directors (BOD) held last Wednesday decided to recommend 0.736 per cent cash dividend and 14 per cent bonus share. The Bank’s total deposit has reached Rs 27.70 in the review period and it extended a total of Rs 23.5 billion as loans.</div>', 'published' => true, 'created' => '2013-09-09', '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' => 'Bank of Kathmandu (BOK) earned Rs 617.1 million net profit in the Fiscal Year 2012-13.', 'sortorder' => '1654', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 12 => array( 'Article' => array( 'id' => '1792', 'article_category_id' => '109', 'title' => '15 Pc Bonus Share By Arun Valley', 'sub_title' => '', 'summary' => null, 'content' => '<div> Arun Valley Hydro Power Development Company Ltd decided to distribute 15 per cent of bonus share and 0.75 per cent of cash dividend. According to the press statement released by the Company, the 16th Annual General Meeting of the Company held recently also decided to authorise the Board of Directors (BOD) to issue rights share at 1:1 ratio. </div> <div> The company has said it has already signed a Power Purchase Agreement (PPA) with Nepal Electricity Authority for Kabeli-B1 Hydropower project of 25-megawatt capacity and Upper Piluwakhola Project of 9.6 megawatt capacity. It has informed that it is taking ahead the Kabeli-B1 project with </div> <div> utmost priority. </div> <div> </div> <div> The AGM has elected Guru Prashad Neupane, Ramesh Prashad Neupane, Bachchha Raj Tater, Jeevan Raj Shakya and Puja Neupane for the Board of Directors. Likewise, Sanjeev Neupane and Bhej Prashad Timilsina too have been elected unanimously for t</div> <div> he board.</div>', 'published' => true, 'created' => '2013-09-09', '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' => 'Arun Valley Hydro Power Development Company Ltd decided to distribute 15 per cent of bonus share and 0.75 per cent of cash dividend.', 'sortorder' => '1653', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 13 => array( 'Article' => array( 'id' => '1791', 'article_category_id' => '110', 'title' => 'Top Ten Losers (2 - 8 September 2013)', 'sub_title' => '', 'summary' => null, 'content' => '', 'published' => true, 'created' => '2013-09-09', '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 Losers', 'sortorder' => '1652', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 14 => array( 'Article' => array( 'id' => '1790', 'article_category_id' => '111', 'title' => 'Top Ten Gainers (2 - 8 September 2013)', 'sub_title' => '', 'summary' => null, 'content' => '', 'published' => true, 'created' => '2013-09-09', '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' => '1651', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ) ) $current_user = null $logged_in = false $xml = falseinclude - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 133]file not found!Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '1804', 'article_category_id' => '91', 'title' => 'UCPN (Maoist) Wooing Private Sector Poll Strategy Or Paradigm Shift?', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong>--By Sagar Ghimire</strong></div> <div> </div> <div> With the Constituent Assembly elections approaching, UCPN (Maoist) is making an all-out effort to woo the private sector.</div> <div> </div> <div> The Maoist party even agrees to accept a ‘private sector-led economic revolution’ now. Economic analysts term it a paradigm shift in the economic policy of the Maoists - from a vociferous opponent of the capitalism to a proponent of private sector led economic growth. </div> <div> </div> <div> Maoist chairperson Pushpa Kamal Dahal’s statement requesting the business community to lead the ‘economic revolution’ at the Nepal Leadership Summit organized by New Business Age Pvt Ltd on September 5 corroborates the shift of the party from a state-controlled economy to a liberal economic policy. A week later at an interaction programme held by the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), Dahal stressed the need for a private sector-led economic revolution, stressing that only rhetoric would not bring desired transformation in the country.</div> <div> </div> <div> Though the UCPN (Maoist) changed its destructive ways as soon as it joined the mainstream politics in 2006 and said it was open to the concept of open-market economy.</div> <div> The former rebel party’s commitment towards the free market was not so strong at that time. </div> <div> </div> <div> The business community was skeptical towards its economic credentials as it had not shunned violence completely the political document was not in line with favourable market policies and it was creating labour unrest in industries. </div> <div> </div> <div> The Maoists had twice got the opportunity to lead the government after it abandoned the insurgency. The Bilateral Investment Promotion and Protection Agreement (BIPPA) was signed with India during the Dr Baburam Bhattarai-led government, which analysts say, marked a turn of the Maoists to an open market policy. </div> <div> </div> <div> However, many still view the Maoist proximity with the business community in recent days as a strategy in relation to the upcoming CA polls. </div> <div> </div> <div> Maoist sympathiser Economic Analyst Hari Roka sees the Maoist proximity with the business community as an attempt of the former to assuage the fears of the latter by assuring that they would support a free-market but fully regulated economy. “Since the Maoists have now realized that the private sector is also a major player here, they want to strike a balance by taking the business community into confidence,” said Roka. “Earlier, distribution was their central plank, but now they consider production as a priority.” </div> <div> </div> <div> The decision of the Maoist convention in Hetauda on forming production brigades in order to make the party financially self dependant is taken on this line, he said.</div> <div> </div> <div> Senior economist Dr Bishwambhar Pyakurel, however, said that the Maoist attempt to woo the private sector was a result of circumstantial political compulsion. “Their long-term political goal is different, but for the time-being, they do not have any other choice except to move hand-in-hand with the private sector.” </div> <div> </div> <div> He added, “Even though the Maoists are making a commitment to accept the market-led economic system as a tactic to woo the business community for electoral benefits, we have to tap into this opportunity to turn their words to reality.”</div>', 'published' => true, 'created' => '2013-09-16', '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' => 'With the Constituent Assembly elections approaching, UCPN (Maoist) is making an all-out effort to woo the private sector.', 'sortorder' => '1665', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 1 => array( 'Article' => array( 'id' => '1803', 'article_category_id' => '108', 'title' => 'Brief Money Matters', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong><span style="font-size:14px;">NRB refutes deadline extension reports</span></strong></div> <div> Nepal Rastra Bank (NRB) clarified that it has not extended the deadline to meet the minimum required capital (paid-up capital) for banking and financial institutions (BFIs). NRB has ruled out extension of the deadline after there was news reporting that it had extended the deadline to meet the minimum required capital. “We have provisioned that the proposed bonus share distribution on Fiscal Year 2013-14 if approved by the NRB could be counted on the paid-up capital,” NRB spokesperson Bhaskarmani Gyawali said. Through the monetary policy, the NRB had directed those bank and financial institutions, who are yet to meet the minimum paid-up capital, to do so by the end of FY 2013-14. </div> <div> </div> <div> <span style="font-size:14px;"><strong>Tinau’s dividend approved</strong></span></div> <div> Tinau Development Bank Ltd, headquartered at Butwal, got an approval from Nepal Rastra Bank to distribute a 12.69 per cent dividend. The bank is going to distribute the bonus from the profit of Fiscal Year 2012-13. The bank has collected Rs 1.53 billion deposit and extended a total of Rs 1.12 billion during the review period. It has earned a Rs 23.3 million profit and has issued capital of Rs 200 million and paid up capital of 115 million with eight branches in operation.</div> <div> </div> <div> <span style="font-size:14px;"><strong>Everest Announces Book Closure Date</strong></span></div> <div> Everest Bank announced the book closure for share trading from September 18 to October 10 for the upcoming Annual General Meeting (AGM) of the bank. Releasing a communiqué last Wednesday, the bank stated that the 237th meeting of the Board of Directors (BoD) held on September 6 made such a decision. The details of AGM of 2012/13 will be made public by publishing the notice, the communiqué added.</div> <div> </div> <div> <span style="font-size:14px;"><strong>Siddhartha Development’s ‘SDBL Auto Loan’</strong></span></div> <div> Siddhartha Development Bank Ltd started the ‘SDBL Auto Loan’ scheme on the occasion of Dashain. According to the scheme, it will extend loans on 11.99 per cent per annum interest rate to purchase new and reconditioned vehicles with 60 per cent discount on service charge. Likewise, other features of the scheme include loans of up to 80 per cent of the vehicle cost, seven years of moratorium period and unchangeable interest rate for a year, among others.</div> <div> </div> <div> <span style="font-size:14px;"><strong>Garima’s 25 pc dividend</strong></span></div> <div> Garima Development Bank Ltd has said that it will propose a 25 per cent dividend distribution at its Annual General Meeting (AGM). According to the bank, it is going to propose 20 per cent bonus shares and 5 per cent cash dividend. The bank has collected a total amount of Rs 3 billion deposit and floated Rs 2.43 billion as a loan until the end of Fiscal Year 2012-13. Chief Executive Officer Govinda Prashad Dhakal informed that the bank earned an operating profit worth Rs 96.1 million in the FY2012-13. He further said that the bank is planning to issue rights shares next month. The bank has claimed that its issued and paid-up capital will reach 374 million after issuing rights share and distributing the dividends.</div> <div> </div> <div> <span style="font-size:14px;"><strong>Kaski Finance to distribute 13 pc cash dividend</strong></span></div> <div> Pokhara based Kaski Finance has said that it will distribute 13 per cent cash dividend to its shareholders. The dividend will be distributed after the approval from the Annual General Assembly of the Finance and the decision of the 98th meeting of the Board of Directors. Chief Executive Officer (CEO) Toya Raj Adhikari said that the cash dividend is being distributed from the Finance’s profit of the Fiscal Year 2012-13.</div>', 'published' => true, 'created' => '2013-09-14', 'modified' => '0000-00-00', 'keywords' => 'Money Matters', 'description' => 'Nepal Rastra Bank (NRB) clarified that it has not extended the deadline to meet the minimum required capital (paid-up capital) for banking and financial institutions (BFIs).', 'sortorder' => '1664', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 2 => array( 'Article' => array( 'id' => '1802', 'article_category_id' => '109', 'title' => 'TeliaSonera To Sell Hello Mobile Shares', 'sub_title' => '', 'summary' => null, 'content' => '<div> The multinational mobile service provider company TeliaSonera says it will be selling the shares of Nepal Satellite Telecom Pvt Ltd (Hello Mobile). </div> <div> </div> <div> TeliaSonera had bought 57 per cent of shares from Nepal Satellite Telecom last year.</div> <div> </div> <div> Issuing a press statement last Wednesday, TeliaSonera informed that it was going to sell these shares to the American company Zhodar Investment. The selling process of the shares will be completed within a month, stated the press release of the company.</div> <div> </div> <div> “Over the past year, uncertainty regarding regulatory and legal environment for consolidation and granting of licenses in Nepal has increased. Pursuing an acquisition of Nepal Satellite is therefore not considered possible for regulatory reasons,” the statement read, adding that TeliaSonera incurred a loss of Rs 6.2billion with the sale.</div> <div> </div> <div> TeliaSonera, the largest share-holder of mobile operator Ncell which is Nepal's largest mobile operator, has around 10 million subscriptions.</div> <div> </div> <div> The company has said that the agreement will enable it to concentrate on Ncell, which reduces the business risk and complexity of its total involvement in Nepal.</div>', 'published' => true, 'created' => '2013-09-14', 'modified' => '2013-09-14', 'keywords' => 'Money Matter news', 'description' => 'The multinational mobile service provider company TeliaSonera says it will be selling the shares of Nepal Satellite Telecom Pvt Ltd (Hello Mobile).', 'sortorder' => '1663', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 3 => array( 'Article' => array( 'id' => '1801', 'article_category_id' => '149', 'title' => 'Have A Heritage Sleep, Balaji Now Eyeing On Carpet', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> <strong>--By Bhawani Timilsina </strong></div> <table align="right" border="0" cellpadding="1" cellspacing="1" style="float: right; margin: 0px 0px 10px 10px"> <tbody> <tr> <td> <img alt="Hemraj Dhakal, Director, Balaji Coir Industries Pvt Ltd" src="/userfiles/images/hd.jpg" style="border-width: 0px; border-style: solid; width: 200px; height: 209px;" /></td> </tr> <tr> <td bgcolor="#FFFFFF"> <div align="center"> <div> <strong>Hemraj Dhakal</strong></div> <div> Director</div> <div> Balaji Coir Industries Pvt Ltd</div> </div> </td> </tr> </tbody> </table> <div> </div> <div> Being one of the popular local brands ‘Heritage’ mattresses is the favourite choice among the consumers. And, if all goes well, the brand is going to be available in also carpet and furnishing products in near future.</div> <div> </div> <div> “Heritage, by its name, reflects that the product is classic. And that we are also exploring business opportunities in carpet and furnishing goods,” says, Hemraj Dhakal, Director of the Balaji Coir Industries Pvt Ltd (BCIPL).</div> <div> </div> <div> The mattress segment is the key component of the BCIPL. The product was introduced in 2004. “With almost a decade long experience, the company has become successful to surpass all other international brands. We have been attempting to assess quality and comfort through heritage mattress, he says. The company imports raw materials from India, Malaysia, China, Bangladesh, Thailand etc. “We design our products according to the requirements and demand of the consumers,” Dhakal said.</div> <div> </div> <div> </div> <div> The company used to import mattresses from India in initial phase. Later the company had to face numerous problems and they decided to start their own production in Nepal. The major raw materials are coconut fiber and latex that adds natural quality to the product. They follow an international technology during manufacturing process to ensure quality. “We have a lab testing facility and with its inception we have surpassed all the other imported products. Nepalis consumers prefer our brand as it assures both quality and comfort,” he claims.</div> <div> </div> <div> The company has been manufacturing four types of mattresses called silver, gold, diamond and platinum (including super platinum). The company claims to have occupied 20-30 percent share of the total market, with product guarantee of five years.</div> <div> </div> <div> The company has 90 outlets across the country. It also supplies its product to Tibet. The price of the mattresses ranges between Rs 3,500-Rs 25,000. “We have set the price with a view to make it affordable to the people of all classes,” Dhakal said.</div> <div> </div> <div> While sharing the success factors of the brand, he says, “Our marketing strategy plays an important role to achieve success in this field. Our consumers know how to choose the best products on the basis of quality and durability. We can assure that our product is of best quality, giving high comfort.”</div> <div> </div> <div> He also mentions the business advantage of the growing sense in the consumers about the advantages and drawbacks of using mattresses. With the tagline ‘all season mattresses’, the product is suitable to use during all seasons, says Dhakal. The carpet market has been slowly and gradually growing in Nepal.</div> <div> </div> <div> “At a time while the Indian products were flooding the Nepali market, our brand helped reduce the import quantity,” he claims. According to Dhakal, around Rs 100 million has been invested in the company. “Though the competition is not tough, it is very essential to adopt changes in the demand. As the market has been growing it becomes very necessary to deal with quality of product.” he said</div> <div> </div> <div> He feels that the consumers will be benefitted from using Nepalis brands that offer guarantee and warrantee services. As per a market survey, nearly 60 per cent market has been occupied by the local product, whereas 40 percent by the international brands.</div> <div> </div> <div> <img alt="Heritage" src="/userfiles/images/hrtg.jpg" style="width: 550px; height: 362px; margin-left: 20px; margin-right: 20px;" /></div> <div> </div>', 'published' => true, 'created' => '2013-09-10', 'modified' => '2013-09-19', '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' => 'Being one of the popular local brands ‘Heritage’ mattresses is the favourite choice among the consumers. And, if all goes well, the brand is going to be available in also carpet and furnishing products in near future.', 'sortorder' => '1662', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 4 => array( 'Article' => array( 'id' => '1800', 'article_category_id' => '150', 'title' => 'Business Briefs (9 - 15 September 2013)', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong><span style="font-size:14px;"><img alt="Panchakanya Group Celebrates 40th Anniversary" src="/userfiles/images/pk.jpg" style="float: left; margin: 0px 10px 0px 0px; width: 100px; height: 61px;" />Panchakanya Group Celebrates 40th Anniversary</span></strong></div> <div> Panchakanya Group has celebrated 40 years of its presence in the Nepali industrial sector. On the occasion of its annual Panchakanya Day event on August 31st, the Group organized a program for the celebration. The programme held at Hotel Radisson was attended by prominent figures from the various business and non business communities. The highlight of the program was the launch of the group’s first corporate magazine by Managing Director Pradeep Kumar Shrestha.</div> <div> </div> <div> <strong><span style="font-size:14px;"><img alt="Colors Introduces Star 4.0" src="/userfiles/images/clr.jpg" style="float: left; margin: 0px 10px 0px 0px; width: 51px; height: 100px;" />Colors Introduces Star 4.0</span></strong></div> <div> Colors Mobile has introduced Star 4.0 in its Xfactor series. The handset supports 3G SIM and 3G data connections. Xfactor Star has a 4 inch capacitive touch screen and runs on Android Jelly Bean 4.2.2. The phone is powered by 1.3 GHz dual core processor and has 512 MB of RAM. There is a 3.2 MP rear camera and a 0.3 MP front camera, and the camera comes with LED flash and supports panoramic shot mode. The phone is available at a price of Rs 11,000. </div> <div> </div> <div> </div> <div> <strong><span style="font-size:14px;"><img alt="Bajaj’s ‘Dusavatar’" src="/userfiles/images/bjj.jpg" style="float: left; margin: 0px 10px 0px 0px; width: 100px; height: 26px;" />Bajaj’s ‘Dusavatar’</span></strong></div> <div> HH Bajaj, the authorized distributor and marketer of Bajaj Motorcycles in Nepal has introduced a new scheme for Dashain and Tihar called ‘Bajaj Dusavatar’. The scheme offers every customer purchasing Bajaj bikes instant cash prizes and weekly lucky draw coupon. The scheme revolves around the number 10, and offers weekly bumper prize of Rs 1,000,000 to 10 winners. Also, the campaign will last for a period of 10 weeks and the scheme celebrates the 10 years of two wheeler market of Bajaj bikes in Nepal. This offer is active from September 1 and is applicable throughout the country. </div> <div> </div> <div> <strong><span style="font-size:14px;"><img alt="YSRS in Pokhara" src="/userfiles/images/ysrs.jpg" style="float: left; margin: 0px 10px 0px 0px; width: 100px; height: 52px;" />YSRS in Pokhara</span></strong></div> <div> Yamaha conducted its Yamaha Safe Riding Science (YSRS) programme on August 30 in Pokhara College of Management in Nadipur, Pokhara. The programme was attended by 60 participants. The objective of such one-day workshops is to increase road safety awareness for both bikers and pedestrians. This kind of program has been already conducted in more than 12 colleges of Kathmandu valley. The event also featured the test ride of the new reloaded Yamaha FZ-S.</div> <div> </div> <div> <strong><span style="font-size:14px;"><img alt="Hyundai’s Festive Offer" src="/userfiles/images/hnd(1).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 100px; height: 55px;" />Hyundai’s Festive Offer</span></strong></div> <div> Laxmi Intercontinental P Ltd, sole authorized distributor of Hyundai Motors in Nepal has introduced a customer scheme named ‘Dashain Tihar Ko Offer Super Duper Bumper’ for this festive season. Under this scheme, Hyundai customers can get cash discount of up to Rs 500,000 as Super offer, 50 Tola Gold (5 Tola each to 10 persons) as Duper offer, and Bumper prize of two Hyundai Eons through lucky draw. </div> <div> </div>', 'published' => true, 'created' => '2013-09-10', 'modified' => '2013-09-10', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'Panchakanya Group has celebrated 40 years of its presence in the Nepali industrial sector. On the occasion of its annual Panchakanya Day event on August 31st, the Group organized a program for the celebration.', 'sortorder' => '1661', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 5 => array( 'Article' => array( 'id' => '1799', 'article_category_id' => '115', 'title' => 'Tech Briefs (9 - 15 September 2013)', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong><span style="font-size:14px;">Apple Announces Launch Event for Sept 10</span></strong></div> <div> Apple send out a colourful invitationl last Tuesday to a September 10 launch event at which it is widely expected to announce a new version of its iPhone. The invitation, which featured a palette of brightly coloured dots above the tag line “this should brighten everyone’s day,” followed numerous media reports that the company would be introducing a line of low-cost iPhones in a variety of playful colours. </div> <div> </div> <div> <strong><span style="font-size:14px;">Artificial Heart to Alert Heart Attacks</span></strong></div> <div> Scientists have long searched for a durable artificial heart that can work as efficiently as the one supplied by nature. Now Carmat, a Paris based company, has designed an artificial heart fashioned in part from cow tissue. The device, soon to be tested in patients with heart failure, is regulated by sensors, software and microelectronics. And its power will come from two external, wearable lithium-ion batteries. </div> <div> </div> <div> <strong><span style="font-size:14px;">Yahoo Rolls Out its New Logo</span></strong></div> <div> After an extensive amount of build-up, Yahoo has finally unveiled its brand new logo. Overall the look is cleaner and thinner, and it is a new sans-serif typeface created by Yahoo. The logo is still purple, though a shade darker, and features all the usual uppercase letters in the same order finished off by the signature enthusiastic exclamation point, which dances around in some versions. </div> <div> </div> <div> <strong><span style="font-size:14px;">Now, 3D Model to Pinpoint Earthquakes </span></strong></div> <div> Scientists have developed a new 3D model of the Earth to allow them to pinpoint the sources of earthquakes and explosions around the world more accurately than ever. Sandia National Laboratories and Los Alamos National Laboratory partnered to develop a 3-D model of the Earth’s mantle and crust called SALSA3D, or Sandia-Los Alamos 3D. The model uses a scalable triangular tessellation and seismic tomography to map the Earth’s “compressional wave seismic velocity,” a property of the rocks and other materials inside the Earth that indicates how quickly compressional waves travel through them and is one way to accurately locate seismic events, Sandia geophysicist Sandy Ballard said. </div> <div> </div> <div> <strong><span style="font-size:14px;">Twitter to Solve Traffic Woes</span></strong></div> <div> A new method may put an end to traffic woes by collecting information on transportation problems following mass events, like football matches, using tweets made by citizens on Twitter, researchers say. “The ability of social networks to produce information on heavy traffic, road hazards, quality of service of public transportation and more is valuable to decision makers,” said Dr Tsvi Kuflik, the Head of the Information Systems Department at the University of Haifa. </div>', 'published' => true, 'created' => '2013-09-10', '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' => 'Apple send out a colourful invitationl last Tuesday to a September 10 launch event at which it is widely expected to announce a new version of its iPhone.', 'sortorder' => '1660', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 6 => array( 'Article' => array( 'id' => '1798', 'article_category_id' => '116', 'title' => 'Samsung Unveils Smartwatch, New Galaxy Note', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> The era of smartwatches has arrived. Samsung rolled out its Galaxy Gear smartwatch last Wednesday at an event in Berlin. The company also introduced its new Galaxy Note 3 smartphone and the 2014 edition of its tablet the Galaxy Note 10.1.</div> <div> </div> <div> Samsung's Galaxy Gear smartwatch can make and receive calls, take pictures, run its own apps and has a voice control function that allows users to perform tasks by speaking to the device. To navigate the device, a user can swipe the screen from side to side and from top to bottom. The smartwatch is seamlessly connected to a Galaxy user's smartphone and shows a user's updates, like email or texts, on the device screen. </div> <div> </div> <div> Galaxy Gear will launch in more than 140 countries starting on Sept. 25. It will be available in six different colors and will have 10 different pre-loaded clock options for users to choose from.</div> <div> </div> <div> The company also unveiled Samsung's Galaxy Note 3 smartphone. The smartphone houses a S-Pen, which helps unlock the functions of the device; Samsung's Knox security system, which helps protect the device from mobile malware; and a new multi-window feature, which enables users to multi-task easier. The smartphone also features a 5.7-inch display screen, 13 megapixel rear camera, longer battery life, faster LTE and it is available in 10 different colors. Samsung's new high-resolution tablet, an updated Galaxy Note 10.1, is a 10-inch tablet that also syncs with the Gear smartwatch.</div>', 'published' => true, 'created' => '2013-09-10', 'modified' => '2013-09-19', '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 era of smartwatches has arrived. Samsung rolled out its Galaxy Gear smartwatch last Wednesday at an event in Berlin.', 'sortorder' => '1659', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 7 => array( 'Article' => array( 'id' => '1797', 'article_category_id' => '194', 'title' => 'Kohinoor Software:Perfect Business Solutions', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> <strong>--By Sanjeev Sharma</strong></div> <div> </div> <div> There are numerous software products available in the market claiming to be the ‘perfect solution’, leaving you in confusion to choose the right one. Particular software (designed for a particular task) may not be helpful to deal in various sectors. However, some bright ideas are emerging and new players in the Nepali software market are offering effective solutions to the businesses to match their needs. KRB Software Pvt Ltd is one of the leading Nepali developers offering real-time business software solutions. </div> <div> </div> <div> The company has come up with a series of ‘Kohinoor Software’ designed to meet various needs of clients. The series includes accounting and management software with high data security. All software of these series are built on web-based platform, hence can be accessed through mobile devices or computers from any corner of the world. </div> <div> </div> <div> <img alt="Kohinoor Accounting" src="/userfiles/images/acct.jpg" style="float: left; margin: 0px 10px 0px 0px; width: 200px; height: 75px;" /><strong><span style="font-size:14px;">Kohinoor Accounting </span></strong></div> <div> Built using ASP.NET MVC and SQL Server framework, Kohinoor Accounting is application software which processes the daily transactions of business firms. It has wide range of features which are suitable for all kinds of enterprises. Kohinoor Accounting has double entry book keeping system and easy-to-use ledger maintenance. The software can perform VAT reporting, document management, workflow management, normal as well as periodic profit and loss statement reporting of group and sub-groups. Similarly, it can manage complete financial reports like cash/bank summary, day book, journal details, ledgers such as stock ledger, stock ledger with value and stock valuation, trial balance, profit and loss reports, balance sheet reporting and so on. Likewise, inventory management, product and customer wise analysis report, branch wise data entry and reporting can also be done easily using this software. Users can perform search within seconds in just a few clicks as it facilitates easy and fast retrieval of data and information through its search module. Kohinoor Accounting is fully scalable and customizable software which can be used to meet the need of customers. The official price of the software is Rs 25,000. However, KRB Software is offering Kohinoor Accounting at a discounted price of Rs 9,999.</div> <div> </div> <div> <img alt="Kohinoor Hotel Management System" src="/userfiles/images/htl.jpg" style="float: left; margin: 0px 10px 0px 0px; width: 200px; height: 51px;" /><strong><span style="font-size:14px;">Kohinoor Hotel Management System</span></strong></div> <div> Kohinoor Hotel Management is designed to fulfill the needs of data management for hotels. The software is a comprehensive system which is an integrated form of service management, point of sale (POS), hotel reservation, report management, inventory management, front office management, human resource management and account and payroll management etc. Users can manage check-in and check-out of hotel guests, online bookings, house-keeping and track the employee availability and their activities. Kohinoor Hotel Management is web-based application software which provides secured database structure with the authenticated login and multi user system that organizes stores and retrieves information in real-time. Kohinoor Hotel is suitable for all kinds of hotel, motel, inn, guest house, resorts and lodges. This multi-utility software is priced at Rs 100,000.</div> <div> </div> <div> <img alt="Kohinoor Restaurant" src="/userfiles/images/rstr.jpg" style="float: left; margin: 0px 10px 0px 0px; width: 200px; height: 62px;" /><strong><span style="font-size:14px;">Kohinoor Restaurant</span></strong></div> <div> This management software can help in smooth operation of restaurants. Kohinoor Restaurant is an integrated form of service management, POS and restaurant reservation, report management, inventory management and accounting. The software can manage transaction maintenance, bill and report generation, kitchen order token (KOT) and bar order token (BOT), waiters commission management, periodic schemes and human resource and payroll in a very effective manner. The software can also manage lost-and-found belongings of customers. Kohinoor Restaurant carries a price-tag of Rs 25,000. </div> <div> </div> <div> <strong><span style="font-size:14px;">Kohinoor Academy</span></strong></div> <div> Kohinoor Academy is an application designed for the daily academic and administrative operational needs of educational institutions. This software includes a wide range of functional modules and features which are scalable and customisable according to the need of organisations. Kohinoor Academy can effectively manage information of students and teachers, library data and human resource records. Users can schedule or re-schedule all academic activities smartly by using this software. This software helps in generation of routine, results and exam reports with accuracy. It also lets users to print mark sheet, character certificate and identity card. Kohinoor academy can be used to setup students and classes according to the subjects and schedule examinations. It also maintains the attendance of students and teachers. Similarly, users can also schedule school bus routes. Another impressive feature of Kohinoor Academy is the SMS Module, which enables users to send mobile messages individually or to a group of students, parents and teachers/staff to inform them on a particular topic. Parents can access the software to monitor the progress of their children. Apart from academic tasks, Kohinoor Academy also generates accurate accounting and MIS reports of educational institutions. The official price of the application system software is Rs 50,000.</div> <div> </div> <div> <img alt="Kohinoor Hospital" src="/userfiles/images/hsptl.jpg" style="float: left; margin: 0px 10px 0px 0px; width: 200px; height: 53px;" /><strong><span style="font-size:14px;">Kohinoor Hospital</span></strong></div> <div> Kohinoor Hospital is software for managing all operations, financial transactions, doctors, nurses, other personnel, visitors and patients of a hospital. According to the company, the Kohinoor Hospital enhances intra-organisation communication and coordination, increases staff productivity, helps in offering better quality services, improves risk management, optimises revenue recovery, reduces operating cost and eliminates transcription among other benefits. The software also for patient and surgical management, doctor, nurses and patient log in, doctor consultant and their schedule management, inventory management, emergency and ambulance services, patient and staff record maintenance is a web based application. This software also has features such as laboratory and pathology automation, operation room and ICU maintenance, internal messaging system, payroll system and accounting system among others. The developer of Kohinoor Hospital has priced it at Rs 600,000.</div> <div> </div> <div> <img alt="Kohinoor Manpower" src="/userfiles/images/mnpr.jpg" style="float: left; margin: 0px 10px 0px 0px; width: 200px; height: 58px;" /><strong><span style="font-size:14px;">Kohinoor Manpower</span></strong></div> <div> Kohinoor Manpower management application works as an information management system and processes every operation of a manpower enterprise. “We have focused on affordable software that is simple to implement and use,” claims KRB Software. This application keeps track of all applicants, employees, clients and companies. Likewise, it tracks daily transactions, monitors target achievements, account statements, eases follow up of applicants and it can be fully customised to meet the business requirements. According to the company, this application has features such as recruitment process management, complete information management of applicants, tracks status of available workforce recruited for foreign companies, document management, financial reports management, security rights management, multi branch management among others. Kohinoor Manpower can be purchased at Rs 40,000.</div>', 'published' => true, 'created' => '2013-09-10', 'modified' => '2013-09-23', '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' => 'All software of these series are built on web-based platform, hence can be accessed through mobile devices or computers from any corner of the world.', 'sortorder' => '1658', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 8 => array( 'Article' => array( 'id' => '1796', 'article_category_id' => '108', 'title' => 'Money Matters News In Brief (9 -15 September 2013)', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong><span style="font-size:14px;">Everest Bank’s Mobile ATM Facility</span></strong></div> <div> Everest Bank Limited began a mobile ATM facility. As per this facility, customers do not need to go to branch to get the banking services of the Everest Bank. The customers can get the payment from the designated bank representative. The Bank said that they have their designated representatives across the country. According to the press release of the bank, customers can also open their bank account from the designated representative. Everest Bank has introduced the concept of branchless banking service for the first time in Nepal.</div> <div> </div> <div> <strong><span style="font-size:14px;">Siddhartha Dev Bank’s ‘Home Loan Scheme’</span></strong></div> <div> Siddhartha Development Bank brought a ‘SDBL Home Loan’ scheme. The Bank said it has brought the scheme to fulfill the dream of every citizen to have their own home. The Bank informed that it will extend the maximum loan up to Rs 10 million to purchase home and apartment as well as to build the home. </div> <div> </div> <div> <strong><span style="font-size:14px;">Kailash Proposes 19 per cent Dividend </span></strong></div> <div> Kailash Development Bank Ltd said it will distribute 19 per cent dividend from the profit earned in the Fiscal Year 2012-13. The meeting of the Board of Directors (BOD) held last Wednesday decided to recommend distribution of 10 per cent bonus share and 9 per cent cash dividend. The Bank has collected Rs 6.26 billion deposit and extended a total of Rs 5.5 billion as loans in the Fiscal Year 2012-13. It informed that it has earned Rs 152.6 million net profit in the review period. </div> <div> </div> <div> <strong><span style="font-size:14px;">Discount on Infrastructure’s Locker </span></strong></div> <div> Infrastructure Development Bank Ltd said it will provide the free locker facility for a year to the customer opening bank account on ‘Naari Samriddi Khaata’. The Bank said it is providing this facility on the auspicious occasion of Hindu women’s festival Teej. The Bank, which merged with Swastik Merchant Finance Co Ltd last year, is providing banking services to its customers through 18 branches. </div> <div> </div> <div> <strong><span style="font-size:14px;">Laxmi Bank’s branch at Kohalpur</span></strong></div> <div> Laxmi Bank Ltd opened its branch at Kohalpur in Nepalgunj. The branch started its operation from last Monday. The number of the Bank’s branches has reached 33 with this newly opened branch. The Branch’s Manager Rima Malla informed that the branch will offer ATM, internet banking, mobile and other services. </div> <div> </div> <div> <strong><span style="font-size:14px;">Bhrikuti Development Enters 10th Year</span></strong></div> <div> Bhrikuti Development Bank Ltd headquartered in Butwal entered 10th year last Tuesday. The Bank had started its operation on September 3, 2004. The Bank’s paid up capital that started with Rs 10.5 million has now reached Rs 353.1. The Bank has expanded its services to 10 districts. The Bank said that the deposit amount of the bank has reached a total of Rs 4.30 billion and extended a total of Rs 3.21 billion as loans until the end of the Fiscal Year 2012-13. The bank has earned Rs 110 million profit. </div> <div> </div> <div> <strong><span style="font-size:14px;">Om Finance to Distribute 21 pc Dividend</span></strong></div> <div> Om Finance Ltd headquartered at Pokhara said it is planning to distribute 20 per cent bonus share and 1 per cent cash dividend. The Finance’s Annual General Meeting will decide to distribute a total of 21 per cent dividend after getting the approval from the Nepal Rastra Bank, according to the press statement released by the General Manager of Om Finance last Monday. Malla informed that the paid up capital of the Finance will be of worth Rs 325.7 million after distributing the dividend. </div>', 'published' => true, 'created' => '2013-09-09', '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' => 'Everest Bank Limited began a mobile ATM facility. As per this facility, customers do not need to go to branch to get the banking services of the Everest Bank.', 'sortorder' => '1657', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 9 => array( 'Article' => array( 'id' => '1795', 'article_category_id' => '109', 'title' => 'NB’s Non Performing Loan Goes Below 2 Pc', 'sub_title' => '', 'summary' => null, 'content' => '<div> <img alt="NB Bank" src="/userfiles/images/nb.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 52px;" />Nepal Bangladesh Bank Limited informed that it has now less than 2 per cent as non performing loans. Releasing a press statement last Wednesday, the Bank informed that the non performing loan would decrease since it has received the payment of 29,14,012 units of promoters shares worth Rs 763 million from the Bangladesh based IFIC Bank. The Bank said it will utilize Rs 250 million out of the total payment to pay off the loans of different banks and financial institution taken by the NB Bank against the collateral of NB Bank’s shares, while remaining amount would be for recovering loans taken by its Nepali directors. The Bank claimed that the loans by the directors that was counted as the non performing loan, would be recovered now which would decrease the total nonperforming loan.</div>', 'published' => true, 'created' => '2013-09-09', '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' => 'Nepal Bangladesh Bank Limited informed that it has now less than 2 per cent as non performing loans.', 'sortorder' => '1656', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 10 => array( 'Article' => array( 'id' => '1794', 'article_category_id' => '109', 'title' => 'Upadhyay Appointed Kumari Bank’s CEO', 'sub_title' => '', 'summary' => null, 'content' => '<div> <img alt="Udaya Krishna Upadhyay" src="/userfiles/images/ceo.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 124px;" />The meeting of the Board of Director (BOD) of Kumari Bank Limited held last Thursday appointed Udaya Krishna Upadhyay as the Chief Executive Officer (CEO) of the Bank. Upadhyaya, who has 28 years of experience in the banking sector, had joined Kumari Bank four years ago as Deputy General Manager. He was working as Acting CEO for last two years before being appointed as the CEO for a four-year term.The bank and the board members has congratulated newly appointed CEO Upadhyay and extended best wishes and support to take the bank to a newer height during his tenure, according to a press release issued by the Bank.</div>', 'published' => true, 'created' => '2013-09-09', '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' => 'The meeting of the Board of Director (BOD) of Kumari Bank Limited held last Thursday appointed Udaya Krishna Upadhyay as the Chief Executive Officer (CEO) of the Bank.', 'sortorder' => '1655', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 11 => array( 'Article' => array( 'id' => '1793', 'article_category_id' => '109', 'title' => 'BOK Earns Rs 617.1 Million Profits', 'sub_title' => '', 'summary' => null, 'content' => '<div> <img alt="Bank of Kathmandu" src="/userfiles/images/bok.jpg" style="float: right; margin: 0px 0px 0px 10px;width: 150px; height: 61px;" />Bank of Kathmandu (BOK) earned Rs 617.1 million net profit in the Fiscal Year 2012-13. Stating that the Bank has earned satisfactory profit in the FY 2012-13, the meeting of the Board of Directors (BOD) held last Wednesday decided to recommend 0.736 per cent cash dividend and 14 per cent bonus share. The Bank’s total deposit has reached Rs 27.70 in the review period and it extended a total of Rs 23.5 billion as loans.</div>', 'published' => true, 'created' => '2013-09-09', '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' => 'Bank of Kathmandu (BOK) earned Rs 617.1 million net profit in the Fiscal Year 2012-13.', 'sortorder' => '1654', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 12 => array( 'Article' => array( 'id' => '1792', 'article_category_id' => '109', 'title' => '15 Pc Bonus Share By Arun Valley', 'sub_title' => '', 'summary' => null, 'content' => '<div> Arun Valley Hydro Power Development Company Ltd decided to distribute 15 per cent of bonus share and 0.75 per cent of cash dividend. According to the press statement released by the Company, the 16th Annual General Meeting of the Company held recently also decided to authorise the Board of Directors (BOD) to issue rights share at 1:1 ratio. </div> <div> The company has said it has already signed a Power Purchase Agreement (PPA) with Nepal Electricity Authority for Kabeli-B1 Hydropower project of 25-megawatt capacity and Upper Piluwakhola Project of 9.6 megawatt capacity. It has informed that it is taking ahead the Kabeli-B1 project with </div> <div> utmost priority. </div> <div> </div> <div> The AGM has elected Guru Prashad Neupane, Ramesh Prashad Neupane, Bachchha Raj Tater, Jeevan Raj Shakya and Puja Neupane for the Board of Directors. Likewise, Sanjeev Neupane and Bhej Prashad Timilsina too have been elected unanimously for t</div> <div> he board.</div>', 'published' => true, 'created' => '2013-09-09', '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' => 'Arun Valley Hydro Power Development Company Ltd decided to distribute 15 per cent of bonus share and 0.75 per cent of cash dividend.', 'sortorder' => '1653', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 13 => array( 'Article' => array( 'id' => '1791', 'article_category_id' => '110', 'title' => 'Top Ten Losers (2 - 8 September 2013)', 'sub_title' => '', 'summary' => null, 'content' => '', 'published' => true, 'created' => '2013-09-09', '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 Losers', 'sortorder' => '1652', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 14 => array( 'Article' => array( 'id' => '1790', 'article_category_id' => '111', 'title' => 'Top Ten Gainers (2 - 8 September 2013)', 'sub_title' => '', 'summary' => null, 'content' => '', 'published' => true, 'created' => '2013-09-09', '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' => '1651', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ) ) $current_user = null $logged_in = false $xml = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
| Currency | Unit |
Buy | Sell |
| U.S. Dollar | 1 | 121.23 | 121.83 |
| European Euro | 1 | 131.65 | 132.31 |
| UK Pound Sterling | 1 | 142.47 | 143.18 |
| Swiss Franc | 1 | 124.29 | 124.90 |
| Australian Dollar | 1 | 71.69 | 72.05 |
| Canadian Dollar | 1 | 83.90 | 84.32 |
| Japanese Yen | 10 | 10.94 | 11.00 |
| Chinese Yuan | 1 | 17.17 | 17.26 |
| Saudi Arabian Riyal | 1 | 32.27 | 32.43 |
| UAE Dirham | 1 | 33.01 | 33.17 |
| Malaysian Ringgit | 1 | 27.36 | 27.50 |
| South Korean Won | 100 | 9.77 | 9.82 |
Update: 2020-03-25 | Source: Nepal Rastra Bank (NRB)
| Fine Gold | 1 tola | 77000.00 |
| Tejabi Gold | 1 tola | 76700.00 |
| Silver | 1 tola | 720.00 |
Update : 2020-03-25
Source: Federation of Nepal Gold and Silver Dealers' Association
| Petrol | 1 Liter | 106.00 |
| Diesel | 1 Liter | 95.00 |
| Kerosene | 1 Liter | 95.00 |
| LP Gas | 1 Cylinder | 1375.00 |
Update : 2020-03-25
