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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' => '1669', 'article_category_id' => '190', 'title' => 'Samsung To Launch Smartwatch Next Month', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> It’s official: Samsung Electronics will launch its first wristwatch smartphone in international markets by early next month, people familiar with the plan say. The move would allow Samsung to potentially beat rival Apple Inc. on what is expected to be the next major battleground for mobile phone makers. The world’s largest smartphone maker will unveil the device to be worn around the wrist called Galaxy Gear on Sept. 4, ahead of Berlin’s IFA, a consumer electronics show where technology companies showcase their gadgets. It will go on sale this year, the people said.</div> <div> </div> <div> But, one person said the device won’t have flexible displays, contrary to the company’spatent filings in the U.S. and South Korea earlier this year that suggested a device with a bendable screen was in the works. Analysts had cast doubts about mass producing flexible screens for a couple of years, making the possibility of wristwatch smartphones grim. Wearable smart devices have been tipped as the next jackpot niche for leading handset makers such as Samsung and Apple as the lucrative high-end segment of the smartphone market worldwide is saturated. </div>', 'published' => true, 'created' => '2013-08-20', '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' => 'It’s official: Samsung Electronics will launch its first wristwatch smartphone in international markets by early next month, people familiar with the plan say.', 'sortorder' => '1530', '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' => '1668', 'article_category_id' => '116', 'title' => 'Next Generation Of IT Solutions', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> <strong>--By Sujan Tiwari</strong></div> <div> </div> <table align="right" border="0" cellpadding="1" cellspacing="1"> <tbody> <tr> <td> <img alt="Rajan Man Tuladhar Managing Director, Nexus" src="/userfiles/images/rmt.jpg" style="width: 200px; height: 214px;" /></td> </tr> <tr> <td style="text-align: center;"> <div> <strong>Rajan Man Tuladhar</strong></div> <div> Managing Director, Nexus</div> </td> </tr> </tbody> </table> <div> Nexus Solutions Pvt Ltd, an IT Solutions’ Provider, has formally started its operations from June this year. Dealing in enterprise grade IT solutions, Nexus Solutions is all geared up to offer its world class services and products. Rajan Man Tuladhar, Managing Director of Nexus Solutions, with an experience of 20 years in the IT sector, is the man behind the company. “We are here to take IT solutions to a whole new level. We have tied up with some of the best IT vendors in the world, and will be providing their products and services in Nepal,” says Tuladhar. </div> <div> </div> <div> Nexus Solutions has its tie ups with Polycom for Audio and Video Conferencing Solutions, Sensatronics for Environmental Monitoring Solutions, Synology for Data Storage Solutions (NAS), XRoads Networks for Bandwidth Management Solutions and Cisco for Networking and Server Solutions. According to Tuladhar, people generally perceive IT solution providers only as the retailers of computers and other related equipments. “There are more complex services and equipments required by the enterprises. Nexus Solutions is here to help the organizations with their IT solution needs. We cater to organizations rather than individuals,” says Tuladhar. </div> <div> </div> <div> Audio and Video Conferencing is one of the focus areas of Nexus Solutions. According to Tuladhar, the AV Conferencing solutions provided by Nexus Solutions is of enterprise grade, and offers HD video and audio. “AV conferencing is very beneficial for organizations as it saves a lot of resources and increases efficiency. It reduces the need to travel for meetings and conferences, and saves time and money,” explains Tuladhar. He also has plans of promoting this technology and making organizations more aware of its benefits. </div> <div> </div> <div> Another forte of Nexus Solutions is in the areas of Environmental Monitoring. The Environmental Monitoring Solutions are used in datacentres to monitor the various environmental parameters including temperature, humidity, light and many others. These parameters are crucial for 24x7 operation of critical servers and other datacentre equipment. Nexus Solutions offers Environmental Monitoring Solutions from Sensatronics, a US based company. The Solution monitors the parameters accurately, and sends alerts if any of them is beyond the optimum levels. The Solution can be remotely monitored, and sends automatic emails, sms and even voice calls at extreme conditions. According to Tuladhar, this Solution reduces human intervention, and secures expensive equipments and critical data. The Solution is beneficial to banks, insurance companies, telecom service providers and to those companies who require their equipment to be up 24x7. </div> <div> </div> <div> Nexus Solutons is also providing Bandwidth Management Solutions for Unified Bandwidth Management (UBM). This Solution improves network control and provides the ability to manage bandwidth so that critical applications take precedence over other applications. It can merge the bandwidth of multiple links/ISPs and helps make full use of the available bandwidth. It can also be used to check unauthorized use of the bandwidth. </div> <div> </div> <div> The company is offering low cost data storage solutions as well. Through its tie up with Syncology, Nexus will provide high capacity storage for data backup and other applications. “It is a centralized storage system for multiple users. This Solution is very useful for those who work in areas like graphics designing, audio video editing and animations among other users,” explains Tuladhar. The product is also beneficial for GIS systems, TV channels and surveillance systems that require huge data storage. Along with all these products and services, Nexus Solutions offers routing and switching solutions through Cisco. </div> <div> </div> <div> Tuladhar says that banking and financial institutions, telecom companies, manufacturing companies, INGOs, government and small businesses are the potential customers. Though Nexus Solutions is a newly established company, it is all set to make its mark in the IT arena of Nepal through its revolutionary technologies. “We are building up alliances, and have already received a few offers. We hope to provide reliable IT solutions to assist enterprises,” says Tuladhar.</div>', 'published' => true, 'created' => '2013-08-20', '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' => 'Nexus Solutions Pvt Ltd, an IT Solutions’ Provider, has formally started its operations from June this year.', 'sortorder' => '1529', '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' => '1667', 'article_category_id' => '100', 'title' => 'Tourism Briefs (19 - 25 August 2013)', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong><span style="font-size:14px;">NATTA Chapter Established</span></strong></div> <div> Nepal Association of Tour and Travel Agents (NATTA), Palpa has been established with the aim to promote tourism. The association has been esablished as an umbrella organisation for the promotion and expansion of various tourism activities in Palpa, said the Chairman of the association, Pradip Prasad Udaya. The agencies are providing air tickets, train tickets, trekking, rafting, bicycling and other tour packages. The association has aimed to promote and preserve the historical, natural, cultural and religious heritage of Palpa. </div> <div> </div> <div> <strong><span style="font-size:14px;">Nepal promoted in Mumbai and Goa</span></strong></div> <div> Nepal Tourism Board (NTB) participated in the promotional tour of western Indian cities organized by Nepal Association of Tour and Travel Agents (NATTA) Regional Association, Pokhara. With almost 40 flights per week to Kathmandu, air connectivity with India has shown a significant improvement. Based on these indicators, NATTA Pokhara and organized the week-long promotional tour focusing on Mumbai and Goa from 1-8 August 2013, says a press release. </div> <div> </div> <div> The Mumbai leg of the program on August 2 was attended by the local trade community and. According to the release, the B2B session provided the delegation members a platform to forge new business alliances and renew the existing ones. Nepal’s tourism products, services and facilitation issues were highlighted in the event. The Goa leg of the program on August 5 was attended by local tourism fraternity and media. </div> <div> </div> <div> <strong><span style="font-size:14px;">Cathay Pacific’s 2013 Interim Results</span></strong></div> <div> <img alt="The Cathay Pacific Group" src="/userfiles/images/cp.jpg" style=" float: left; margin: 0px 10px 0px 0px;width: 100px; height: 45px;" />The Cathay Pacific Group has reported a profit of HK$ 24 million in the first six months of 2013. This compares to a restated loss of HK$ 929 million in the first half of 2012. Earnings per share were HK 0.6 cents compared to a restated loss per share of HK 23.6 cents in the first half of 2012. Turnover for the period fell by 0.6 per ent to HK$ 48,584 million. In the first half of 2013, the Group’s net fuel costs decreased by 8.5 per cent compared to the same period in 2012. The passenger business of Cathay Pacific and Dragonair improved in the first half of 2013 compared to the same period in 2012. Revenue increased by 0.8 per cent to HK$ 34,978 million, although capacity decreased by 4.8 per cent. The load factor has increased by 1.2 percentage points to 81.3 per cent. </div> <div> </div> <div> <strong><span style="font-size:14px;">The Potentials of 2014 World Cup for Brazil</span></strong></div> <div> <img alt="2014 World Cup for Brazil" src="/userfiles/images/brasil.jpg" style=" float: left; margin: 0px 10px 0px 0px;width: 100px; height: 49px;" />A special study conducted by the Brazilian Tourism Board (Embratur) shows that tourism for the 2014 World Cup will generate US$ 10.9 billion for the 12 host cities of the games. This amount surpasses the public investments to prepare for the global event. </div> <div> </div> <div> This figure includes spending by Brazilian and domestic tourists. On the local, state and Federal level US$ 9.5 billion has been invested in the infrastructure improvements to prepare for the event. This will generate a US$1.4 billion gain for the economy of Brazil in just the 30 days of the event alone. In addition, the legacy of the improvements will last far beyond the World Cup. At the Confederations Cup held in June of this year, it is estimated that tourists - Brazilians and foreign - spent about US$ 321.79 million. (Traveldailynews.com)</div> <div> </div>', 'published' => true, 'created' => '2013-08-20', '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 Association of Tour and Travel Agents (NATTA), Palpa has been established with the aim to promote tourism.', 'sortorder' => '1528', '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' => '1666', 'article_category_id' => '99', 'title' => 'Home Stay At Manakamana And Namki', 'sub_title' => '', 'summary' => null, 'content' => '<div> The home stay system is being practiced in Manakamana and Namki of Gorkha district with the motive of preserving Magar culture and promoting cardamom farming. This is being done in partnership with Sikodar Nepal and KOIKA Nepal. </div> <div> </div> <div> Officials at the Home Stay System Committee said that the main goal of the system is to attract tourists visiting headquarters to the areas of cardamom farming and prolonging their stay to promote Magar culture. The home stay system in this area can also help highlight unidentified areas of Gorkhato attract domestic as well as international tourists. </div> <div> </div> <div> It is believed that this system would help in strengthening the economy of the these areas. </div> <div> </div> <div> According to them, all necessary training related to home stay will be provided. A committee has been formed for the management of healthy food and lodging. In the first phase of the programme, home stay will be conducted in 10 houses of both areas and in second phase it will be conducted in 42 houses of Namki and 16 houses of Betarni, Manakamana.</div> <div> </div> <div> Various mountain ranges and the tea estate can be viewed from Namki where although the home stay system has not officially begun, more than 200 tourists have already paid a visit. </div> <div> </div>', 'published' => true, 'created' => '2013-08-20', '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 home stay system is being practiced in Manakamana and Namki of Gorkha district with the motive of preserving Magar culture and promoting cardamom farming. This is being done in partnership with Sikodar Nepal and KOIKA Nepal.', 'sortorder' => '1527', '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' => '1665', 'article_category_id' => '99', 'title' => 'Shrestha Wins Surya Nepal Gokarna Monthly Medal', 'sub_title' => '', 'summary' => null, 'content' => '<div> <div> </div> <div> Rabindra Man Shrestha has won the Surya Nepal Gokarna Monthly Medal played at Gokarna Golf Club on Saturday. Shrestha scored five-under 67 to register victory of one stroke over Pavitra Kumar Karki, who produced a score card of 4-under 68. Ang Tshiring Sherpa scored nine-over 81 gross to win the best gross title. Joseph Nathan and Damien Dunn were tied for third position and Nathan was declared third in the count back. </div> <div> </div> <div> The tournament was played under stroke play format with full handicap. A total of 32 players took part in the tournament sponsored by Surya Nepal Pvt Ltd. President of Gokarna Golf Club Suhrid Ghimire gave away the prizes to the winners of the tournament. </div> <div> </div> <div> Top 30 players will compete over two rounds for the club championship in the month of November and December. Top three gross scorers will also qualify for the final medal rounds.</div> </div> <p> </p>', 'published' => true, 'created' => '2013-08-20', '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' => 'Rabindra Man Shrestha has won the Surya Nepal Gokarna Monthly Medal played at Gokarna Golf Club on Saturday.', 'sortorder' => '1526', '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' => '1664', 'article_category_id' => '152', 'title' => 'Focus Briefs (19 - 25 August 2013)', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong><span style="font-size:14px;">The Campus of International Languages (CIL)</span></strong></div> <div> The Campus of International Languages (CIL) is the only language teaching campus in Nepal under Tribhuvan University (TU), which is considered as one of the oldest and highly regarded university in Nepal. This is the only campus in Kathmandu that teaches different languages. At present there are two language programs running in the campus — the Himalayan Language Program, which includes Nepali, Sanskrit, Newari and Tibetan and the Foreign Language Program. Now the college has classes in Italian, Russian, Spanish, French, German, and English. The college is also planning to introduce Danish, Arabic, Hebrew and Norwegian soon. The tuition fee for expatriate nationals is US $ 650 per year and 1600 NCR for six months.</div> <div> </div> <div> <strong><span style="font-size:14px;">Goethe Zentrum Kathmandu</span></strong></div> <div> <img alt="Goethe Zentrum Kathmandu (GZK)" src="/userfiles/images/goethe.jpg" style=" float: left; margin: 0px 10px 0px 0px;width: 100px; height: 111px;" />Goethe Zentrum Kathmandu (GZK) which is centrally located at Thapathali in Kathmandu is the official German language institute and partner of the German Foreign Office. Since 2001, the GZK is teaching the German language within the framework of the Cultural Cooperation agreed upon in 1982 by both Nepal and the Federal Republic of Germany. The institute also conducts language classes for tourist guides titled “Reiseleiter.” It was started in 1998 and it is provided only to license-holder guides every two years.</div> <div> </div> <div> </div> <div> <strong><span style="font-size:14px;">Alliance Française de Kathmandu (AF)</span></strong></div> <div> <img alt="Alliance Française de Kathmandu (AF)" src="/userfiles/images/afk.jpg" style=" float: left; margin: 0px 10px 0px 0px;width: 100px; height: 79px;" />Founded in Paris in 1883, the Alliance Française (AF) created a worldwide network of more than 1335 local associations established now in more than 140 countries. It started its institute in Nepal in 1994. The Alliance Française teaches French language by proposing French classes, aiming to promote the language and to spread the French and Francophone culture by organizing cultural events by enhancing the intercultural dialogue promoting cultural diversity. AF charges Rs 7,200 for a semester which is of around 2 month (48-hours). AF also offers Intensive Professional Class, a 40-hour French class for tourist guides twice a year during January-February and July-August. </div> <div> </div> <div> <strong><span style="font-size:14px;">Alta-Vista</span></strong></div> <div> <img alt="Alta-Vista ‘Spanish’ Language School in Nepal" src="/userfiles/images/alt.jpg" style=" float: left; margin: 0px 10px 0px 0px;width: 200px; height: 33px;" />Alta-Vista is the first and exclusive ‘Spanish’ Language School in Nepal and was founded in 2006 with a purpose of promotion of Spanish language and culture in Nepal. Alta-Vista has firmly established itself as a pioneer institute for Spanish Language courses. Centrally located in the heart of the educational hub – Putalisadak, it has been providing both knowledge and service par excellence with a team of highly qualified teachers. Alta-Vista offers various courses of Spanish language meeting demands of students from all walks of life.</div> <div> </div> <div> Alta-Vista charges Rs 5,000 for Basic Course, Rs 6,000 for Intermediate Course and 7,000 Advance course. And there is a course named ‘Intensive Course’ which is like Basic Private for which students pay Rs 300 per class.</div> <div> </div>', 'published' => true, 'created' => '2013-08-20', '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 Campus of International Languages (CIL) is the only language teaching campus in Nepal under Tribhuvan University (TU), which is considered as one of the oldest and highly regarded university in Nepal.', 'sortorder' => '1525', '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' => '1663', 'article_category_id' => '108', 'title' => 'Money Matters News In Brief', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong><span style="font-size:14px;">NRB Asked Capital Increment Plan</span></strong></div> <div> Nepal Rastra bank (NRB) has asked Banks and Financial Institutions (BFIs) to submit their plan to increase the paid-up capital as prescribed by NRB. The BFIs who have not increased their capital till mid-July 2013 to the minimum amount as prescribed, have to place the plan to NRB till Mid-Oct 2013. NRB issued such circular to all BFIs on August 11 (Sunday). As per this directive, commercial banks have to have a paid-up capital of Rs 2 billion and the national level development banks have to make it Rs 640 million. Similarly, the finance companies have to have a minimum of of Rs 200 million. </div> <div> </div> <div> </div> <div> <strong><span style="font-size:14px;">SEBON Inspects 30 Brokerage Companies</span></strong></div> <div> Securities Board of Nepal (SEBON) has inspected 30 brokerage companies after the complaint were filed against them. SEBON has inspected the detailed information regarding the buyers and sellers. Similarly, the on-site inspection also investigated matters related to anti-money laundering. The inspection has found that the brokers have been providing privilege to the larger investor than the smaller investors. Thus, they have been warned, not to repeat this behavior in future.</div> <div> </div> <div> </div> <div> <strong><span style="font-size:14px;">NBL Right Share Allotment </span></strong></div> <div> <img alt="Nepal Bank Limited (NBL)" src="/userfiles/images/nbl.jpg" style=" float: left; margin: 0px 10px 0px 0px;width: 100px; height: 81px;" />Nepal Bank Limited (NBL) has allotted 3,360,606 right shares to the shareholders. Out of this, 13,972,866 shares have been allotted to Government of Nepal and remaining 19,387,740 shares to the general public. This allotment is 92.17 percent of the right shares issued. The remaining unsubscribed right shares are to be auctioned.</div> <div> </div> <div> </div> <div> </div> <div> <strong><span style="font-size:14px;">EIC Resumes Operation</span></strong></div> <div> <img alt="Everest Insurance Company (EIC)" src="/userfiles/images/eic(1).jpg" style=" float: left; margin: 0px 10px 0px 0px;width: 100px; height: 49px;" />Everest Insurance Company (EIC) resumed its operation from Sunday August 11 after an understanding between management team and agitation employees. Earlier, the Insurance Board had refused to renew the company’s licence as it had found embezzlement on payment of claim worth Rs 40 million to Himalayan Snax made by company.</div> <div> </div> <div> </div> <div> <strong><span style="font-size:14px;">Merger between Best and Samsara</span></strong></div> <div> The merger between Best Remit UK and Samsara Remit UK took place on Wednesday, 14 August. After the merger the new remittance company will operate in the name of ‘Best Samsara Remit’. </div> <div> Presidents of Best Holding Bhimkrishna Udas and Samsara Nepal UK Rajaram Giri signed the agreement for the merger. </div> <div> </div> <div> </div> <div> <strong><span style="font-size:14px;">Mega Distributes Certificate</span></strong></div> <div> <img alt="Mega Bank Nepal Ltd" src="/userfiles/images/mega.jpg" style=" float: left; margin: 0px 10px 0px 0px;width: 100px; height: 49px;" />Mega Bank Nepal Ltd had started distributing share certificates to the allotted shareholders from August 12. </div> <div> </div> <div> </div> <div> <strong><span style="font-size:14px;">Mega goes Branchless at Aargakachi</span></strong></div> <div> Mega Bank has started branchless banking services at two locations of Aargakachi. The two places are Hansapur and Khiliji of Aargakachi. </div> <div> </div> <div> </div> <div> <strong><span style="font-size:14px;">NIBL at Bharahathawa</span></strong></div> <div> <img alt="Nepal Investment Bank Ltd (NIBL) " src="/userfiles/images/nibl(1).jpg" style=" float: left; margin: 0px 10px 0px 0px;width: 100px; height: 27px;" />Nepal Investment Bank Ltd (NIBL) has opened its 44th branch at Bharahathawa, Sarlahi. The branch was inaugurated by bank’s CEO Jyoti Prakash Pandey on August 15 (Thursday).</div> <div> </div> <div> </div> <div> <strong><span style="font-size:14px;">RMDC IPO Allotment</span></strong></div> <div> <img alt="" src="/userfiles/images/rmdc.jpg" style="float: left; margin: 0px 10px 0px 0px; width: 50px; height: 50px;" />Rural Microfinance Development Center (RMDC) Ltd has allotted its IPO on Thursday August 15. Though RMDC had issued 1,560,000 unit of shares, it had got applications for a total of 17,429,240 units. </div> <div> </div> <div> </div> <div> </div> <div> <strong><span style="font-size:14px;">GBIME at Hetuada</span></strong></div> <div> <img alt="Global IME Bank" src="/userfiles/images/gbime.jpg" style=" float: left; margin: 0px 10px 0px 0px;width: 100px; height: 21px;" />Global IME Bank has opened its 71st branch at Hetuada. The branch was inagurated by NPBC President Kush Kumar Joshi on Friday, August 16.</div> <div> </div>', 'published' => true, 'created' => '2013-08-19', 'modified' => '2013-08-20', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'Nepal Bank Limited (NBL) has allotted 3,360,606 right shares to the shareholders.', 'sortorder' => '1524', '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' => '1662', 'article_category_id' => '113', 'title' => 'US Dollar Exchange Rate At Local Market (12 -18 August 2013)', 'sub_title' => '', 'summary' => null, 'content' => '', 'published' => true, 'created' => '2013-08-19', 'modified' => '0000-00-00', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'US Dollar Exchange Rate At Local Market', 'sortorder' => '1523', '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' => '1661', 'article_category_id' => '112', 'title' => 'Weekly Gold And Silver Price ( 12 - 18 August 2013)', 'sub_title' => '', 'summary' => null, 'content' => '', 'published' => true, 'created' => '2013-08-19', 'modified' => '0000-00-00', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'Weekly Gold And Silver Price', 'sortorder' => '1522', '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' => '1660', 'article_category_id' => '110', 'title' => 'Top Ten Losers (12 -18 August 2013)', 'sub_title' => '', 'summary' => null, 'content' => '', 'published' => true, 'created' => '2013-08-19', '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' => '1521', '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' => '1659', 'article_category_id' => '111', 'title' => 'Top Ten Gainers (12 - 18 August 2013)', 'sub_title' => '', 'summary' => null, 'content' => '', 'published' => true, 'created' => '2013-08-19', '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' => '', 'sortorder' => '1520', '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' => '1658', 'article_category_id' => '109', 'title' => 'Industrialist Murarka Passes Away', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong>--By TC Correspondent</strong></div> <div> </div> <div> <img alt="Atmaram Murarka" src="/userfiles/images/murarka.jpg" style="float: right; margin: 0px 0px 0px 10px; width: 200px; height: 278px;" />Prominent industrialist Atmaram Murarka passed away in Kathmandu on August 14. He was 72.</div> <div> </div> <div> Murarka breathed his last at Norvic Hospital on Wednesday morning. He was admitted to the hospital a week ago and was diagnosed of respiratory and heart ailments and high blood pressure. He is survived by his wife, two sons and three daughters.</div> <div> </div> <div> His youngest son Pashupati Murarka is currently the vice-president of Federation of Nepalese Chambers of Commerce and Industry (FNCCI) and handles the Murarka Organization founded by late Murarka.</div> <div> </div> <div> The Murarka Organization has over a dozen industries, including Pashupati Paints. The organization has business interest in hydro sector, rolling mills, cement factory, vegetable ghee, oil, GI wire and banks, among others.</div> <div> </div> <div> Late Murarka served in the executive committee of FNCCI for two terms. He also became the vice-president of FNCCI in 1997.</div> <div> </div> <div> FNCCI President Suraj Vaidya covered Murarka´s body with FNCCI´s flag before the last rites. Issuing a press statement, FNCCI expressed deep sorrow on the death of Murarka.</div> <div> </div>', 'published' => true, 'created' => '2013-08-19', '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' => 'Prominent industrialist Atmaram Murarka passed away in Kathmandu on August 14. He was 72.', 'sortorder' => '1519', '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' => '1657', 'article_category_id' => '109', 'title' => 'Nepse At 540', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> <strong>--By Rashesh Vaidya</strong></div> <div> </div> <div> Nepse index declined by 3 points during previous week. It had closed 539.44 on Sunday, 11thAugust (the first trading day of the week) and reached 536.45 at the close of Thursday, 17th August (the last trading day of the week). The market floor was open for five days.</div> <div> </div> <div> In the week, the hotel sub-index decreased the highest by 21.21 points closing at 646.23 points. There was decline in the share prices of Soaltee Hotel Ltd by Rs7 per share during the week closing at Rs 270. There was no change in trading sub-index. </div> <div> </div> <div> There was a heavy increment45.43 points in the insurance sub-index closing at 1177.83. The reason behind the bullish trend in this sub-index is the of capital increment plan being implemented for both the life and non-life insurance companies. </div> <div> </div> <div> Shares of 137 companies were traded at Nepse during the week through 9,045 transactions amounting to Rs 725,263,390. </div> <div> The share price of 53 companies increased, while 49 companies declined and the share price of 32 companies remained unchanged.</div> <div> </div> <div> The transaction amount of the week is 7.27 percent higher than that of earlier week. The total number of scrips traded was 2,625,010 which is 46,920 higher than that of earlier week.</div> <div> </div> <div> Global IME Bank topped the list in terms of transaction amount (Rs 82,927,000) as well as in number of scrips traded (647,870) during the week. </div> <div> </div> <div> Commerz and Trust Bank Nepal was at the top on the basis of the number of transactions (993). </div> <div> </div> <div> Similarly, a total of 49,010,676 bonus shares of seven companies were listed during a week.</div> <div> </div> <div> <img alt="Sectors" src="/userfiles/images/SECTORS.jpg" style="width: 500px; height: 137px;" /></div> <div> <hr /> <div> <strong><span style="font-size:14px;">Nepse on Sunday</span></strong></div> <div> Nepse Index closed at 540.47 points on Sunday (August 18). The index increased by 4.09 points from the Thursday (August 16) close. All the sector sub-indices except development banks sub-index saw increment during the day. Development Bank sub-index dropped by 0.62 points closing at 273.62 points. Total of 591,977 shares was traded from 1910 transactions during a day. The stock ‘SHINE’ has been resumed on Sunday after successfully merger between Shine Development Bank and Resunga Development Bank trading at Rs 292 per share.</div> </div>', 'published' => true, 'created' => '2013-08-19', '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' => 'Nepse index declined by 3 points during previous week', 'sortorder' => '1518', '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' => '1656', 'article_category_id' => '157', 'title' => 'Annapurna For Oenophiles', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> --By Sujan Tiwari</div> <div> <div> </div> <div> Hotel Annapurna, in its pursuit of providing better services and facilities to its customers, has introduced a new collection of fine wines from around the world. The Hotel has recently introduced new range of classic wines from France, Chile, New Zealand and Australia among other countries. To familiarize its customers with the new wine assortment, Annapurna Organized a Wine Appreciation programme on Tuesday evening. </div> <div> </div> <div> According to Deepeksha B Rana, Food and Beverage Manager at Annapurna, this new collection is a part of Hotel’s endeavour to upgrade its services. “With this new collection, we have all sorts of wines in our inventory, from expensive to mediocre ones. The range of wines is such that it can be enjoyed by people from all classes and all walks of life,” says Rana. He also informed that the new wine range is targeted to expatriates, NRNs and young professional who especially have a taste for fine wines. </div> <div> </div> <div> Four of the Jacob’s Creek wines from the collection were offered to the guests in the programme. A certified Wine Professional provided those present with a detailed guidance on how to discover the real taste of wine, and wine and food pairing. The guests were informed about the five S’s of wine tasting, namely see, swirl, smell, sip and savour. First on the list was Classic Chardonnay. It had the aromas of citrus and other fruits with hints of oak. The medium bodied softly acidic wine is the type that goes well with fish, chicken and similar dishes. The chardonnay was followed by Shiraz Rose, a medium bodied wine with raspberry and cherry flavours. </div> <div> </div> <div> Next was Classic Merlot that had aromas of cherry and red currant. The medium bodied dry wine is a perfect accompaniment for pasta and cheese dishes. The wine tasting was concluded with Shiraz Cabernet. The medium bodies wine had flavours of black cherry, plum and cloves with hints of pepper on the palate. Red meat dishes, pizzas and tomato based dishes go very well with this wine. </div> <div> </div> <div> Apart from these, Annapurna boasts of numerous red wines, white wines, rose wine, sparkling wine and champagnes. The price of the wines range from Rs 2,100 to Rs 35,000 per bottle, suiting every pocket. According to Rana, the wine collection can be enjoyed at Juneli Bar, Arniko Room, Ghar-e-kabab and even at The Coffee Shop of the Hotel. Hotel Annapurna could be your next destination if you are a wine connoisseur or just enjoy a glass every now and then. </div> </div> <p> </p>', 'published' => true, 'created' => '2013-08-19', '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' => 'Hotel Annapurna has recently introduced new range of classic wines from France, Chile, New Zealand and Australia among other countries.', 'sortorder' => '1517', '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' => '1655', 'article_category_id' => '153', 'title' => 'Foreign Language Skills Will Drive The Next BPO Boom', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> <strong>--By Sujit Nath</strong></div> <div> </div> <div> The world is shrinking beyond our imagination and unlike few years back more and more Nepali students and professional are now going abroad and opting for foreign language skills to enhance their portfolio.</div> <div> </div> <div> Businesses are expanding speedily and reaching even distant corners of the globe. Rapid changes are occurring in the way business transactions are conducted. Boundaries – physical and linguistic – are hence being naturally broken. </div> <div> </div> <div> Globalisation has brought countries closer to each other, and there is now increased interaction between them. In such a scenario, knowledge of a foreign language shall go a long way in enabling improved communication and understanding.</div> <div> </div> <div> To attract more students many institutions are getting associated with coveted institutes such as Max Mueller, Alliance Francaise to ensure the holistic development of the students in terms of languages, which will help them in shaping their career in future.</div> <div> </div> <div> We all know that the best age for a child to pick up a foreign language is when he or she has attained an age of 6-8 years. But with working parents it is not always possible for them to go to such language schools. This is because of the time and budget constraints of their parents. Therefore, many of them are offering customised course classes to suit the timing and budget.</div> <div> </div> <div> A senior executive of Mafoi, a leading Indian placement agency that works for most Fortune 500 companies, says, “Our clients have BPO assignment deals not only from France and Germany, but also from Belgium, Netherlands and other countries where these two languages are spoken. Speaking in their language gives confidence in the minds of the foreign clients with regard to their overseas BPOs for it shows that they are well-equipped to handle foreign business. This also helps in building personal rapport for knowledge of a common language, which definitely helps break communication barriers”.</div> <div> </div> <div> On the context of students or professional from Nepal, she said, “I have interviewed many girls from Nepal who has earned expertise in foreign language and doing quite well in USA, UK, Germany and Spain. Most of them were good at Spanish, French and German”.</div> <div> </div> <div> She feels that Nepal has a great potential and especially the youths, who are talented enough to take up any challenges abroad. “They are a good professional,” she said.</div> <div> </div> <div> Mainak Sen, who stayed in Nepal for long time and settled in Germany, said, “In my college days in Nepal, learning foreign language was not so popular. But I learned the language, which helped me a lot in mingle with the local culture in Germany and my profession. I have many friends in Nepal whose children prefer to learn atleast one foreign language as per their future career plan”.</div> <div> </div> <div> Jackson Subedi, Director of Alta Vista, exclusive Spanish Language School in Nepal which was founded in 2006, said, “In this fast changing global scenario language skills, and particularly the knowledge of European languages, provide a great advantage to youngsters seeking career opportunities in the ever shrinking and increasingly globalised new world order”.</div> <div> </div> <div> It is not only the love and thrill of learning a foreign language alone that brings these youngsters at these foreign language teaching institutes. They are there because they feel that knowledge of a foreign language other than Nepali and English will give them a passport to a whole new world of opportunities and career options, where their language skills will count a lot. </div> <div> </div> <div> For instance, Prasanna, who learned Spanish in Nepal, believes that his knowledge of the Spanish language will come in handy not just in Spain, but also in USA and Latin America — where this language is extensively used. “The language helped in enhancing my portfolio,” he said.</div> <div> </div> <div> Interestingly, according to Jackson, the Director of Alta Vista, there are students who wants to learn the foreign language to become tourist guide, which they feel is another sector which is booming every day.</div> <div> </div> <div> But how will knowing a foreign language help them in their careers? </div> <div> </div> <div> </div> <div> </div> <div> The focus on creating a personalised business environment has meant that even professionally qualified people feel the need to upgrade their qualifications to stay competitive in the employment race. Multinationals, IT companies and BPOs in the country not only look for people with required technical qualifications but also those with linguistic skills.</div> <div> </div> <div> “Learning Foreign language does make a difference and candidates knowing Spanish, French or German are definitely at an advantage during recruitment. But I personally feel that in Nepal the demand for learning Spanish is higher among the Nepali students”, says Anup Satyal, a well known Spanish language teacher in Nepal.</div> <div> However, some students are opting for Germany because the their education is bit cheaper and widely spoken in Austria, part of Switzerland and in most East European countries such as Poland, the Czech republic, Hungary etc. But there is a significant number who also think it shall be very useful, in terms of their career even in India.</div> <div> </div> <div> There is an increasing demand for linguistically skilled people even for interpretation and translation of technical documents, transactions and e-mails. Some opt for multiple foreign languages, for wider look in other countries to get more opportunities.</div> <div> </div> <div> Another factor for Nepali students opting for multiple foreign languages the USA is no longer the only preferred destination, as several youngsters as seek employment in Europe. There are also many who seek employment in countries such as Canada (Canadian immigration authorities insist on a French language certificate), and in the once-French and German colonies of Africa, where knowledge of French and/or German is extremely beneficial.</div> <div> </div> <div> In coming years youngsters from Nepal will shine more in other countries and proved to a great workforce.</div>', 'published' => true, 'created' => '2013-08-19', '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 world is shrinking beyond our imagination and unlike few years back more and more Nepali students and professional are now going abroad and opting for foreign language skills to enhance their portfolio.', 'sortorder' => '1516', '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
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The move would allow Samsung to potentially beat rival Apple Inc. on what is expected to be the next major battleground for mobile phone makers. The world’s largest smartphone maker will unveil the device to be worn around the wrist called Galaxy Gear on Sept. 4, ahead of Berlin’s IFA, a consumer electronics show where technology companies showcase their gadgets. It will go on sale this year, the people said.</div> <div> </div> <div> But, one person said the device won’t have flexible displays, contrary to the company’spatent filings in the U.S. and South Korea earlier this year that suggested a device with a bendable screen was in the works. Analysts had cast doubts about mass producing flexible screens for a couple of years, making the possibility of wristwatch smartphones grim. Wearable smart devices have been tipped as the next jackpot niche for leading handset makers such as Samsung and Apple as the lucrative high-end segment of the smartphone market worldwide is saturated. </div>', 'published' => true, 'created' => '2013-08-20', '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' => 'It’s official: Samsung Electronics will launch its first wristwatch smartphone in international markets by early next month, people familiar with the plan say.', 'sortorder' => '1530', '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' => '1668', 'article_category_id' => '116', 'title' => 'Next Generation Of IT Solutions', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> <strong>--By Sujan Tiwari</strong></div> <div> </div> <table align="right" border="0" cellpadding="1" cellspacing="1"> <tbody> <tr> <td> <img alt="Rajan Man Tuladhar Managing Director, Nexus" src="/userfiles/images/rmt.jpg" style="width: 200px; height: 214px;" /></td> </tr> <tr> <td style="text-align: center;"> <div> <strong>Rajan Man Tuladhar</strong></div> <div> Managing Director, Nexus</div> </td> </tr> </tbody> </table> <div> Nexus Solutions Pvt Ltd, an IT Solutions’ Provider, has formally started its operations from June this year. Dealing in enterprise grade IT solutions, Nexus Solutions is all geared up to offer its world class services and products. Rajan Man Tuladhar, Managing Director of Nexus Solutions, with an experience of 20 years in the IT sector, is the man behind the company. “We are here to take IT solutions to a whole new level. We have tied up with some of the best IT vendors in the world, and will be providing their products and services in Nepal,” says Tuladhar. </div> <div> </div> <div> Nexus Solutions has its tie ups with Polycom for Audio and Video Conferencing Solutions, Sensatronics for Environmental Monitoring Solutions, Synology for Data Storage Solutions (NAS), XRoads Networks for Bandwidth Management Solutions and Cisco for Networking and Server Solutions. According to Tuladhar, people generally perceive IT solution providers only as the retailers of computers and other related equipments. “There are more complex services and equipments required by the enterprises. Nexus Solutions is here to help the organizations with their IT solution needs. We cater to organizations rather than individuals,” says Tuladhar. </div> <div> </div> <div> Audio and Video Conferencing is one of the focus areas of Nexus Solutions. According to Tuladhar, the AV Conferencing solutions provided by Nexus Solutions is of enterprise grade, and offers HD video and audio. “AV conferencing is very beneficial for organizations as it saves a lot of resources and increases efficiency. It reduces the need to travel for meetings and conferences, and saves time and money,” explains Tuladhar. He also has plans of promoting this technology and making organizations more aware of its benefits. </div> <div> </div> <div> Another forte of Nexus Solutions is in the areas of Environmental Monitoring. The Environmental Monitoring Solutions are used in datacentres to monitor the various environmental parameters including temperature, humidity, light and many others. These parameters are crucial for 24x7 operation of critical servers and other datacentre equipment. Nexus Solutions offers Environmental Monitoring Solutions from Sensatronics, a US based company. The Solution monitors the parameters accurately, and sends alerts if any of them is beyond the optimum levels. The Solution can be remotely monitored, and sends automatic emails, sms and even voice calls at extreme conditions. According to Tuladhar, this Solution reduces human intervention, and secures expensive equipments and critical data. The Solution is beneficial to banks, insurance companies, telecom service providers and to those companies who require their equipment to be up 24x7. </div> <div> </div> <div> Nexus Solutons is also providing Bandwidth Management Solutions for Unified Bandwidth Management (UBM). This Solution improves network control and provides the ability to manage bandwidth so that critical applications take precedence over other applications. It can merge the bandwidth of multiple links/ISPs and helps make full use of the available bandwidth. It can also be used to check unauthorized use of the bandwidth. </div> <div> </div> <div> The company is offering low cost data storage solutions as well. Through its tie up with Syncology, Nexus will provide high capacity storage for data backup and other applications. “It is a centralized storage system for multiple users. This Solution is very useful for those who work in areas like graphics designing, audio video editing and animations among other users,” explains Tuladhar. The product is also beneficial for GIS systems, TV channels and surveillance systems that require huge data storage. Along with all these products and services, Nexus Solutions offers routing and switching solutions through Cisco. </div> <div> </div> <div> Tuladhar says that banking and financial institutions, telecom companies, manufacturing companies, INGOs, government and small businesses are the potential customers. Though Nexus Solutions is a newly established company, it is all set to make its mark in the IT arena of Nepal through its revolutionary technologies. “We are building up alliances, and have already received a few offers. We hope to provide reliable IT solutions to assist enterprises,” says Tuladhar.</div>', 'published' => true, 'created' => '2013-08-20', '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' => 'Nexus Solutions Pvt Ltd, an IT Solutions’ Provider, has formally started its operations from June this year.', 'sortorder' => '1529', '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' => '1667', 'article_category_id' => '100', 'title' => 'Tourism Briefs (19 - 25 August 2013)', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong><span style="font-size:14px;">NATTA Chapter Established</span></strong></div> <div> Nepal Association of Tour and Travel Agents (NATTA), Palpa has been established with the aim to promote tourism. The association has been esablished as an umbrella organisation for the promotion and expansion of various tourism activities in Palpa, said the Chairman of the association, Pradip Prasad Udaya. The agencies are providing air tickets, train tickets, trekking, rafting, bicycling and other tour packages. The association has aimed to promote and preserve the historical, natural, cultural and religious heritage of Palpa. </div> <div> </div> <div> <strong><span style="font-size:14px;">Nepal promoted in Mumbai and Goa</span></strong></div> <div> Nepal Tourism Board (NTB) participated in the promotional tour of western Indian cities organized by Nepal Association of Tour and Travel Agents (NATTA) Regional Association, Pokhara. With almost 40 flights per week to Kathmandu, air connectivity with India has shown a significant improvement. Based on these indicators, NATTA Pokhara and organized the week-long promotional tour focusing on Mumbai and Goa from 1-8 August 2013, says a press release. </div> <div> </div> <div> The Mumbai leg of the program on August 2 was attended by the local trade community and. According to the release, the B2B session provided the delegation members a platform to forge new business alliances and renew the existing ones. Nepal’s tourism products, services and facilitation issues were highlighted in the event. The Goa leg of the program on August 5 was attended by local tourism fraternity and media. </div> <div> </div> <div> <strong><span style="font-size:14px;">Cathay Pacific’s 2013 Interim Results</span></strong></div> <div> <img alt="The Cathay Pacific Group" src="/userfiles/images/cp.jpg" style=" float: left; margin: 0px 10px 0px 0px;width: 100px; height: 45px;" />The Cathay Pacific Group has reported a profit of HK$ 24 million in the first six months of 2013. This compares to a restated loss of HK$ 929 million in the first half of 2012. Earnings per share were HK 0.6 cents compared to a restated loss per share of HK 23.6 cents in the first half of 2012. Turnover for the period fell by 0.6 per ent to HK$ 48,584 million. In the first half of 2013, the Group’s net fuel costs decreased by 8.5 per cent compared to the same period in 2012. The passenger business of Cathay Pacific and Dragonair improved in the first half of 2013 compared to the same period in 2012. Revenue increased by 0.8 per cent to HK$ 34,978 million, although capacity decreased by 4.8 per cent. The load factor has increased by 1.2 percentage points to 81.3 per cent. </div> <div> </div> <div> <strong><span style="font-size:14px;">The Potentials of 2014 World Cup for Brazil</span></strong></div> <div> <img alt="2014 World Cup for Brazil" src="/userfiles/images/brasil.jpg" style=" float: left; margin: 0px 10px 0px 0px;width: 100px; height: 49px;" />A special study conducted by the Brazilian Tourism Board (Embratur) shows that tourism for the 2014 World Cup will generate US$ 10.9 billion for the 12 host cities of the games. This amount surpasses the public investments to prepare for the global event. </div> <div> </div> <div> This figure includes spending by Brazilian and domestic tourists. On the local, state and Federal level US$ 9.5 billion has been invested in the infrastructure improvements to prepare for the event. This will generate a US$1.4 billion gain for the economy of Brazil in just the 30 days of the event alone. In addition, the legacy of the improvements will last far beyond the World Cup. At the Confederations Cup held in June of this year, it is estimated that tourists - Brazilians and foreign - spent about US$ 321.79 million. (Traveldailynews.com)</div> <div> </div>', 'published' => true, 'created' => '2013-08-20', '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 Association of Tour and Travel Agents (NATTA), Palpa has been established with the aim to promote tourism.', 'sortorder' => '1528', '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' => '1666', 'article_category_id' => '99', 'title' => 'Home Stay At Manakamana And Namki', 'sub_title' => '', 'summary' => null, 'content' => '<div> The home stay system is being practiced in Manakamana and Namki of Gorkha district with the motive of preserving Magar culture and promoting cardamom farming. This is being done in partnership with Sikodar Nepal and KOIKA Nepal. </div> <div> </div> <div> Officials at the Home Stay System Committee said that the main goal of the system is to attract tourists visiting headquarters to the areas of cardamom farming and prolonging their stay to promote Magar culture. The home stay system in this area can also help highlight unidentified areas of Gorkhato attract domestic as well as international tourists. </div> <div> </div> <div> It is believed that this system would help in strengthening the economy of the these areas. </div> <div> </div> <div> According to them, all necessary training related to home stay will be provided. A committee has been formed for the management of healthy food and lodging. In the first phase of the programme, home stay will be conducted in 10 houses of both areas and in second phase it will be conducted in 42 houses of Namki and 16 houses of Betarni, Manakamana.</div> <div> </div> <div> Various mountain ranges and the tea estate can be viewed from Namki where although the home stay system has not officially begun, more than 200 tourists have already paid a visit. </div> <div> </div>', 'published' => true, 'created' => '2013-08-20', '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 home stay system is being practiced in Manakamana and Namki of Gorkha district with the motive of preserving Magar culture and promoting cardamom farming. This is being done in partnership with Sikodar Nepal and KOIKA Nepal.', 'sortorder' => '1527', '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' => '1665', 'article_category_id' => '99', 'title' => 'Shrestha Wins Surya Nepal Gokarna Monthly Medal', 'sub_title' => '', 'summary' => null, 'content' => '<div> <div> </div> <div> Rabindra Man Shrestha has won the Surya Nepal Gokarna Monthly Medal played at Gokarna Golf Club on Saturday. Shrestha scored five-under 67 to register victory of one stroke over Pavitra Kumar Karki, who produced a score card of 4-under 68. Ang Tshiring Sherpa scored nine-over 81 gross to win the best gross title. Joseph Nathan and Damien Dunn were tied for third position and Nathan was declared third in the count back. </div> <div> </div> <div> The tournament was played under stroke play format with full handicap. A total of 32 players took part in the tournament sponsored by Surya Nepal Pvt Ltd. President of Gokarna Golf Club Suhrid Ghimire gave away the prizes to the winners of the tournament. </div> <div> </div> <div> Top 30 players will compete over two rounds for the club championship in the month of November and December. Top three gross scorers will also qualify for the final medal rounds.</div> </div> <p> </p>', 'published' => true, 'created' => '2013-08-20', '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' => 'Rabindra Man Shrestha has won the Surya Nepal Gokarna Monthly Medal played at Gokarna Golf Club on Saturday.', 'sortorder' => '1526', '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' => '1664', 'article_category_id' => '152', 'title' => 'Focus Briefs (19 - 25 August 2013)', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong><span style="font-size:14px;">The Campus of International Languages (CIL)</span></strong></div> <div> The Campus of International Languages (CIL) is the only language teaching campus in Nepal under Tribhuvan University (TU), which is considered as one of the oldest and highly regarded university in Nepal. This is the only campus in Kathmandu that teaches different languages. At present there are two language programs running in the campus — the Himalayan Language Program, which includes Nepali, Sanskrit, Newari and Tibetan and the Foreign Language Program. Now the college has classes in Italian, Russian, Spanish, French, German, and English. The college is also planning to introduce Danish, Arabic, Hebrew and Norwegian soon. The tuition fee for expatriate nationals is US $ 650 per year and 1600 NCR for six months.</div> <div> </div> <div> <strong><span style="font-size:14px;">Goethe Zentrum Kathmandu</span></strong></div> <div> <img alt="Goethe Zentrum Kathmandu (GZK)" src="/userfiles/images/goethe.jpg" style=" float: left; margin: 0px 10px 0px 0px;width: 100px; height: 111px;" />Goethe Zentrum Kathmandu (GZK) which is centrally located at Thapathali in Kathmandu is the official German language institute and partner of the German Foreign Office. Since 2001, the GZK is teaching the German language within the framework of the Cultural Cooperation agreed upon in 1982 by both Nepal and the Federal Republic of Germany. The institute also conducts language classes for tourist guides titled “Reiseleiter.” It was started in 1998 and it is provided only to license-holder guides every two years.</div> <div> </div> <div> </div> <div> <strong><span style="font-size:14px;">Alliance Française de Kathmandu (AF)</span></strong></div> <div> <img alt="Alliance Française de Kathmandu (AF)" src="/userfiles/images/afk.jpg" style=" float: left; margin: 0px 10px 0px 0px;width: 100px; height: 79px;" />Founded in Paris in 1883, the Alliance Française (AF) created a worldwide network of more than 1335 local associations established now in more than 140 countries. It started its institute in Nepal in 1994. The Alliance Française teaches French language by proposing French classes, aiming to promote the language and to spread the French and Francophone culture by organizing cultural events by enhancing the intercultural dialogue promoting cultural diversity. AF charges Rs 7,200 for a semester which is of around 2 month (48-hours). AF also offers Intensive Professional Class, a 40-hour French class for tourist guides twice a year during January-February and July-August. </div> <div> </div> <div> <strong><span style="font-size:14px;">Alta-Vista</span></strong></div> <div> <img alt="Alta-Vista ‘Spanish’ Language School in Nepal" src="/userfiles/images/alt.jpg" style=" float: left; margin: 0px 10px 0px 0px;width: 200px; height: 33px;" />Alta-Vista is the first and exclusive ‘Spanish’ Language School in Nepal and was founded in 2006 with a purpose of promotion of Spanish language and culture in Nepal. Alta-Vista has firmly established itself as a pioneer institute for Spanish Language courses. Centrally located in the heart of the educational hub – Putalisadak, it has been providing both knowledge and service par excellence with a team of highly qualified teachers. Alta-Vista offers various courses of Spanish language meeting demands of students from all walks of life.</div> <div> </div> <div> Alta-Vista charges Rs 5,000 for Basic Course, Rs 6,000 for Intermediate Course and 7,000 Advance course. And there is a course named ‘Intensive Course’ which is like Basic Private for which students pay Rs 300 per class.</div> <div> </div>', 'published' => true, 'created' => '2013-08-20', '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 Campus of International Languages (CIL) is the only language teaching campus in Nepal under Tribhuvan University (TU), which is considered as one of the oldest and highly regarded university in Nepal.', 'sortorder' => '1525', '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' => '1663', 'article_category_id' => '108', 'title' => 'Money Matters News In Brief', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong><span style="font-size:14px;">NRB Asked Capital Increment Plan</span></strong></div> <div> Nepal Rastra bank (NRB) has asked Banks and Financial Institutions (BFIs) to submit their plan to increase the paid-up capital as prescribed by NRB. The BFIs who have not increased their capital till mid-July 2013 to the minimum amount as prescribed, have to place the plan to NRB till Mid-Oct 2013. NRB issued such circular to all BFIs on August 11 (Sunday). As per this directive, commercial banks have to have a paid-up capital of Rs 2 billion and the national level development banks have to make it Rs 640 million. Similarly, the finance companies have to have a minimum of of Rs 200 million. </div> <div> </div> <div> </div> <div> <strong><span style="font-size:14px;">SEBON Inspects 30 Brokerage Companies</span></strong></div> <div> Securities Board of Nepal (SEBON) has inspected 30 brokerage companies after the complaint were filed against them. SEBON has inspected the detailed information regarding the buyers and sellers. Similarly, the on-site inspection also investigated matters related to anti-money laundering. The inspection has found that the brokers have been providing privilege to the larger investor than the smaller investors. Thus, they have been warned, not to repeat this behavior in future.</div> <div> </div> <div> </div> <div> <strong><span style="font-size:14px;">NBL Right Share Allotment </span></strong></div> <div> <img alt="Nepal Bank Limited (NBL)" src="/userfiles/images/nbl.jpg" style=" float: left; margin: 0px 10px 0px 0px;width: 100px; height: 81px;" />Nepal Bank Limited (NBL) has allotted 3,360,606 right shares to the shareholders. Out of this, 13,972,866 shares have been allotted to Government of Nepal and remaining 19,387,740 shares to the general public. This allotment is 92.17 percent of the right shares issued. The remaining unsubscribed right shares are to be auctioned.</div> <div> </div> <div> </div> <div> </div> <div> <strong><span style="font-size:14px;">EIC Resumes Operation</span></strong></div> <div> <img alt="Everest Insurance Company (EIC)" src="/userfiles/images/eic(1).jpg" style=" float: left; margin: 0px 10px 0px 0px;width: 100px; height: 49px;" />Everest Insurance Company (EIC) resumed its operation from Sunday August 11 after an understanding between management team and agitation employees. Earlier, the Insurance Board had refused to renew the company’s licence as it had found embezzlement on payment of claim worth Rs 40 million to Himalayan Snax made by company.</div> <div> </div> <div> </div> <div> <strong><span style="font-size:14px;">Merger between Best and Samsara</span></strong></div> <div> The merger between Best Remit UK and Samsara Remit UK took place on Wednesday, 14 August. After the merger the new remittance company will operate in the name of ‘Best Samsara Remit’. </div> <div> Presidents of Best Holding Bhimkrishna Udas and Samsara Nepal UK Rajaram Giri signed the agreement for the merger. </div> <div> </div> <div> </div> <div> <strong><span style="font-size:14px;">Mega Distributes Certificate</span></strong></div> <div> <img alt="Mega Bank Nepal Ltd" src="/userfiles/images/mega.jpg" style=" float: left; margin: 0px 10px 0px 0px;width: 100px; height: 49px;" />Mega Bank Nepal Ltd had started distributing share certificates to the allotted shareholders from August 12. </div> <div> </div> <div> </div> <div> <strong><span style="font-size:14px;">Mega goes Branchless at Aargakachi</span></strong></div> <div> Mega Bank has started branchless banking services at two locations of Aargakachi. The two places are Hansapur and Khiliji of Aargakachi. </div> <div> </div> <div> </div> <div> <strong><span style="font-size:14px;">NIBL at Bharahathawa</span></strong></div> <div> <img alt="Nepal Investment Bank Ltd (NIBL) " src="/userfiles/images/nibl(1).jpg" style=" float: left; margin: 0px 10px 0px 0px;width: 100px; height: 27px;" />Nepal Investment Bank Ltd (NIBL) has opened its 44th branch at Bharahathawa, Sarlahi. The branch was inaugurated by bank’s CEO Jyoti Prakash Pandey on August 15 (Thursday).</div> <div> </div> <div> </div> <div> <strong><span style="font-size:14px;">RMDC IPO Allotment</span></strong></div> <div> <img alt="" src="/userfiles/images/rmdc.jpg" style="float: left; margin: 0px 10px 0px 0px; width: 50px; height: 50px;" />Rural Microfinance Development Center (RMDC) Ltd has allotted its IPO on Thursday August 15. Though RMDC had issued 1,560,000 unit of shares, it had got applications for a total of 17,429,240 units. </div> <div> </div> <div> </div> <div> </div> <div> <strong><span style="font-size:14px;">GBIME at Hetuada</span></strong></div> <div> <img alt="Global IME Bank" src="/userfiles/images/gbime.jpg" style=" float: left; margin: 0px 10px 0px 0px;width: 100px; height: 21px;" />Global IME Bank has opened its 71st branch at Hetuada. The branch was inagurated by NPBC President Kush Kumar Joshi on Friday, August 16.</div> <div> </div>', 'published' => true, 'created' => '2013-08-19', 'modified' => '2013-08-20', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'Nepal Bank Limited (NBL) has allotted 3,360,606 right shares to the shareholders.', 'sortorder' => '1524', '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' => '1662', 'article_category_id' => '113', 'title' => 'US Dollar Exchange Rate At Local Market (12 -18 August 2013)', 'sub_title' => '', 'summary' => null, 'content' => '', 'published' => true, 'created' => '2013-08-19', 'modified' => '0000-00-00', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'US Dollar Exchange Rate At Local Market', 'sortorder' => '1523', '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' => '1661', 'article_category_id' => '112', 'title' => 'Weekly Gold And Silver Price ( 12 - 18 August 2013)', 'sub_title' => '', 'summary' => null, 'content' => '', 'published' => true, 'created' => '2013-08-19', 'modified' => '0000-00-00', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'Weekly Gold And Silver Price', 'sortorder' => '1522', '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' => '1660', 'article_category_id' => '110', 'title' => 'Top Ten Losers (12 -18 August 2013)', 'sub_title' => '', 'summary' => null, 'content' => '', 'published' => true, 'created' => '2013-08-19', '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' => '1521', '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' => '1659', 'article_category_id' => '111', 'title' => 'Top Ten Gainers (12 - 18 August 2013)', 'sub_title' => '', 'summary' => null, 'content' => '', 'published' => true, 'created' => '2013-08-19', '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' => '', 'sortorder' => '1520', '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' => '1658', 'article_category_id' => '109', 'title' => 'Industrialist Murarka Passes Away', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong>--By TC Correspondent</strong></div> <div> </div> <div> <img alt="Atmaram Murarka" src="/userfiles/images/murarka.jpg" style="float: right; margin: 0px 0px 0px 10px; width: 200px; height: 278px;" />Prominent industrialist Atmaram Murarka passed away in Kathmandu on August 14. He was 72.</div> <div> </div> <div> Murarka breathed his last at Norvic Hospital on Wednesday morning. He was admitted to the hospital a week ago and was diagnosed of respiratory and heart ailments and high blood pressure. He is survived by his wife, two sons and three daughters.</div> <div> </div> <div> His youngest son Pashupati Murarka is currently the vice-president of Federation of Nepalese Chambers of Commerce and Industry (FNCCI) and handles the Murarka Organization founded by late Murarka.</div> <div> </div> <div> The Murarka Organization has over a dozen industries, including Pashupati Paints. The organization has business interest in hydro sector, rolling mills, cement factory, vegetable ghee, oil, GI wire and banks, among others.</div> <div> </div> <div> Late Murarka served in the executive committee of FNCCI for two terms. He also became the vice-president of FNCCI in 1997.</div> <div> </div> <div> FNCCI President Suraj Vaidya covered Murarka´s body with FNCCI´s flag before the last rites. Issuing a press statement, FNCCI expressed deep sorrow on the death of Murarka.</div> <div> </div>', 'published' => true, 'created' => '2013-08-19', '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' => 'Prominent industrialist Atmaram Murarka passed away in Kathmandu on August 14. He was 72.', 'sortorder' => '1519', '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' => '1657', 'article_category_id' => '109', 'title' => 'Nepse At 540', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> <strong>--By Rashesh Vaidya</strong></div> <div> </div> <div> Nepse index declined by 3 points during previous week. It had closed 539.44 on Sunday, 11thAugust (the first trading day of the week) and reached 536.45 at the close of Thursday, 17th August (the last trading day of the week). The market floor was open for five days.</div> <div> </div> <div> In the week, the hotel sub-index decreased the highest by 21.21 points closing at 646.23 points. There was decline in the share prices of Soaltee Hotel Ltd by Rs7 per share during the week closing at Rs 270. There was no change in trading sub-index. </div> <div> </div> <div> There was a heavy increment45.43 points in the insurance sub-index closing at 1177.83. The reason behind the bullish trend in this sub-index is the of capital increment plan being implemented for both the life and non-life insurance companies. </div> <div> </div> <div> Shares of 137 companies were traded at Nepse during the week through 9,045 transactions amounting to Rs 725,263,390. </div> <div> The share price of 53 companies increased, while 49 companies declined and the share price of 32 companies remained unchanged.</div> <div> </div> <div> The transaction amount of the week is 7.27 percent higher than that of earlier week. The total number of scrips traded was 2,625,010 which is 46,920 higher than that of earlier week.</div> <div> </div> <div> Global IME Bank topped the list in terms of transaction amount (Rs 82,927,000) as well as in number of scrips traded (647,870) during the week. </div> <div> </div> <div> Commerz and Trust Bank Nepal was at the top on the basis of the number of transactions (993). </div> <div> </div> <div> Similarly, a total of 49,010,676 bonus shares of seven companies were listed during a week.</div> <div> </div> <div> <img alt="Sectors" src="/userfiles/images/SECTORS.jpg" style="width: 500px; height: 137px;" /></div> <div> <hr /> <div> <strong><span style="font-size:14px;">Nepse on Sunday</span></strong></div> <div> Nepse Index closed at 540.47 points on Sunday (August 18). The index increased by 4.09 points from the Thursday (August 16) close. All the sector sub-indices except development banks sub-index saw increment during the day. Development Bank sub-index dropped by 0.62 points closing at 273.62 points. Total of 591,977 shares was traded from 1910 transactions during a day. The stock ‘SHINE’ has been resumed on Sunday after successfully merger between Shine Development Bank and Resunga Development Bank trading at Rs 292 per share.</div> </div>', 'published' => true, 'created' => '2013-08-19', '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' => 'Nepse index declined by 3 points during previous week', 'sortorder' => '1518', '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' => '1656', 'article_category_id' => '157', 'title' => 'Annapurna For Oenophiles', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> --By Sujan Tiwari</div> <div> <div> </div> <div> Hotel Annapurna, in its pursuit of providing better services and facilities to its customers, has introduced a new collection of fine wines from around the world. The Hotel has recently introduced new range of classic wines from France, Chile, New Zealand and Australia among other countries. To familiarize its customers with the new wine assortment, Annapurna Organized a Wine Appreciation programme on Tuesday evening. </div> <div> </div> <div> According to Deepeksha B Rana, Food and Beverage Manager at Annapurna, this new collection is a part of Hotel’s endeavour to upgrade its services. “With this new collection, we have all sorts of wines in our inventory, from expensive to mediocre ones. The range of wines is such that it can be enjoyed by people from all classes and all walks of life,” says Rana. He also informed that the new wine range is targeted to expatriates, NRNs and young professional who especially have a taste for fine wines. </div> <div> </div> <div> Four of the Jacob’s Creek wines from the collection were offered to the guests in the programme. A certified Wine Professional provided those present with a detailed guidance on how to discover the real taste of wine, and wine and food pairing. The guests were informed about the five S’s of wine tasting, namely see, swirl, smell, sip and savour. First on the list was Classic Chardonnay. It had the aromas of citrus and other fruits with hints of oak. The medium bodied softly acidic wine is the type that goes well with fish, chicken and similar dishes. The chardonnay was followed by Shiraz Rose, a medium bodied wine with raspberry and cherry flavours. </div> <div> </div> <div> Next was Classic Merlot that had aromas of cherry and red currant. The medium bodied dry wine is a perfect accompaniment for pasta and cheese dishes. The wine tasting was concluded with Shiraz Cabernet. The medium bodies wine had flavours of black cherry, plum and cloves with hints of pepper on the palate. Red meat dishes, pizzas and tomato based dishes go very well with this wine. </div> <div> </div> <div> Apart from these, Annapurna boasts of numerous red wines, white wines, rose wine, sparkling wine and champagnes. The price of the wines range from Rs 2,100 to Rs 35,000 per bottle, suiting every pocket. According to Rana, the wine collection can be enjoyed at Juneli Bar, Arniko Room, Ghar-e-kabab and even at The Coffee Shop of the Hotel. Hotel Annapurna could be your next destination if you are a wine connoisseur or just enjoy a glass every now and then. </div> </div> <p> </p>', 'published' => true, 'created' => '2013-08-19', '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' => 'Hotel Annapurna has recently introduced new range of classic wines from France, Chile, New Zealand and Australia among other countries.', 'sortorder' => '1517', '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' => '1655', 'article_category_id' => '153', 'title' => 'Foreign Language Skills Will Drive The Next BPO Boom', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> <strong>--By Sujit Nath</strong></div> <div> </div> <div> The world is shrinking beyond our imagination and unlike few years back more and more Nepali students and professional are now going abroad and opting for foreign language skills to enhance their portfolio.</div> <div> </div> <div> Businesses are expanding speedily and reaching even distant corners of the globe. Rapid changes are occurring in the way business transactions are conducted. Boundaries – physical and linguistic – are hence being naturally broken. </div> <div> </div> <div> Globalisation has brought countries closer to each other, and there is now increased interaction between them. In such a scenario, knowledge of a foreign language shall go a long way in enabling improved communication and understanding.</div> <div> </div> <div> To attract more students many institutions are getting associated with coveted institutes such as Max Mueller, Alliance Francaise to ensure the holistic development of the students in terms of languages, which will help them in shaping their career in future.</div> <div> </div> <div> We all know that the best age for a child to pick up a foreign language is when he or she has attained an age of 6-8 years. But with working parents it is not always possible for them to go to such language schools. This is because of the time and budget constraints of their parents. Therefore, many of them are offering customised course classes to suit the timing and budget.</div> <div> </div> <div> A senior executive of Mafoi, a leading Indian placement agency that works for most Fortune 500 companies, says, “Our clients have BPO assignment deals not only from France and Germany, but also from Belgium, Netherlands and other countries where these two languages are spoken. Speaking in their language gives confidence in the minds of the foreign clients with regard to their overseas BPOs for it shows that they are well-equipped to handle foreign business. This also helps in building personal rapport for knowledge of a common language, which definitely helps break communication barriers”.</div> <div> </div> <div> On the context of students or professional from Nepal, she said, “I have interviewed many girls from Nepal who has earned expertise in foreign language and doing quite well in USA, UK, Germany and Spain. Most of them were good at Spanish, French and German”.</div> <div> </div> <div> She feels that Nepal has a great potential and especially the youths, who are talented enough to take up any challenges abroad. “They are a good professional,” she said.</div> <div> </div> <div> Mainak Sen, who stayed in Nepal for long time and settled in Germany, said, “In my college days in Nepal, learning foreign language was not so popular. But I learned the language, which helped me a lot in mingle with the local culture in Germany and my profession. I have many friends in Nepal whose children prefer to learn atleast one foreign language as per their future career plan”.</div> <div> </div> <div> Jackson Subedi, Director of Alta Vista, exclusive Spanish Language School in Nepal which was founded in 2006, said, “In this fast changing global scenario language skills, and particularly the knowledge of European languages, provide a great advantage to youngsters seeking career opportunities in the ever shrinking and increasingly globalised new world order”.</div> <div> </div> <div> It is not only the love and thrill of learning a foreign language alone that brings these youngsters at these foreign language teaching institutes. They are there because they feel that knowledge of a foreign language other than Nepali and English will give them a passport to a whole new world of opportunities and career options, where their language skills will count a lot. </div> <div> </div> <div> For instance, Prasanna, who learned Spanish in Nepal, believes that his knowledge of the Spanish language will come in handy not just in Spain, but also in USA and Latin America — where this language is extensively used. “The language helped in enhancing my portfolio,” he said.</div> <div> </div> <div> Interestingly, according to Jackson, the Director of Alta Vista, there are students who wants to learn the foreign language to become tourist guide, which they feel is another sector which is booming every day.</div> <div> </div> <div> But how will knowing a foreign language help them in their careers? </div> <div> </div> <div> </div> <div> </div> <div> The focus on creating a personalised business environment has meant that even professionally qualified people feel the need to upgrade their qualifications to stay competitive in the employment race. Multinationals, IT companies and BPOs in the country not only look for people with required technical qualifications but also those with linguistic skills.</div> <div> </div> <div> “Learning Foreign language does make a difference and candidates knowing Spanish, French or German are definitely at an advantage during recruitment. But I personally feel that in Nepal the demand for learning Spanish is higher among the Nepali students”, says Anup Satyal, a well known Spanish language teacher in Nepal.</div> <div> However, some students are opting for Germany because the their education is bit cheaper and widely spoken in Austria, part of Switzerland and in most East European countries such as Poland, the Czech republic, Hungary etc. But there is a significant number who also think it shall be very useful, in terms of their career even in India.</div> <div> </div> <div> There is an increasing demand for linguistically skilled people even for interpretation and translation of technical documents, transactions and e-mails. Some opt for multiple foreign languages, for wider look in other countries to get more opportunities.</div> <div> </div> <div> Another factor for Nepali students opting for multiple foreign languages the USA is no longer the only preferred destination, as several youngsters as seek employment in Europe. There are also many who seek employment in countries such as Canada (Canadian immigration authorities insist on a French language certificate), and in the once-French and German colonies of Africa, where knowledge of French and/or German is extremely beneficial.</div> <div> </div> <div> In coming years youngsters from Nepal will shine more in other countries and proved to a great workforce.</div>', 'published' => true, 'created' => '2013-08-19', '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 world is shrinking beyond our imagination and unlike few years back more and more Nepali students and professional are now going abroad and opting for foreign language skills to enhance their portfolio.', 'sortorder' => '1516', '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' => '1669', 'article_category_id' => '190', 'title' => 'Samsung To Launch Smartwatch Next Month', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> It’s official: Samsung Electronics will launch its first wristwatch smartphone in international markets by early next month, people familiar with the plan say. The move would allow Samsung to potentially beat rival Apple Inc. on what is expected to be the next major battleground for mobile phone makers. The world’s largest smartphone maker will unveil the device to be worn around the wrist called Galaxy Gear on Sept. 4, ahead of Berlin’s IFA, a consumer electronics show where technology companies showcase their gadgets. It will go on sale this year, the people said.</div> <div> </div> <div> But, one person said the device won’t have flexible displays, contrary to the company’spatent filings in the U.S. and South Korea earlier this year that suggested a device with a bendable screen was in the works. Analysts had cast doubts about mass producing flexible screens for a couple of years, making the possibility of wristwatch smartphones grim. Wearable smart devices have been tipped as the next jackpot niche for leading handset makers such as Samsung and Apple as the lucrative high-end segment of the smartphone market worldwide is saturated. </div>', 'published' => true, 'created' => '2013-08-20', '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' => 'It’s official: Samsung Electronics will launch its first wristwatch smartphone in international markets by early next month, people familiar with the plan say.', 'sortorder' => '1530', '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' => '1668', 'article_category_id' => '116', 'title' => 'Next Generation Of IT Solutions', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> <strong>--By Sujan Tiwari</strong></div> <div> </div> <table align="right" border="0" cellpadding="1" cellspacing="1"> <tbody> <tr> <td> <img alt="Rajan Man Tuladhar Managing Director, Nexus" src="/userfiles/images/rmt.jpg" style="width: 200px; height: 214px;" /></td> </tr> <tr> <td style="text-align: center;"> <div> <strong>Rajan Man Tuladhar</strong></div> <div> Managing Director, Nexus</div> </td> </tr> </tbody> </table> <div> Nexus Solutions Pvt Ltd, an IT Solutions’ Provider, has formally started its operations from June this year. Dealing in enterprise grade IT solutions, Nexus Solutions is all geared up to offer its world class services and products. Rajan Man Tuladhar, Managing Director of Nexus Solutions, with an experience of 20 years in the IT sector, is the man behind the company. “We are here to take IT solutions to a whole new level. We have tied up with some of the best IT vendors in the world, and will be providing their products and services in Nepal,” says Tuladhar. </div> <div> </div> <div> Nexus Solutions has its tie ups with Polycom for Audio and Video Conferencing Solutions, Sensatronics for Environmental Monitoring Solutions, Synology for Data Storage Solutions (NAS), XRoads Networks for Bandwidth Management Solutions and Cisco for Networking and Server Solutions. According to Tuladhar, people generally perceive IT solution providers only as the retailers of computers and other related equipments. “There are more complex services and equipments required by the enterprises. Nexus Solutions is here to help the organizations with their IT solution needs. We cater to organizations rather than individuals,” says Tuladhar. </div> <div> </div> <div> Audio and Video Conferencing is one of the focus areas of Nexus Solutions. According to Tuladhar, the AV Conferencing solutions provided by Nexus Solutions is of enterprise grade, and offers HD video and audio. “AV conferencing is very beneficial for organizations as it saves a lot of resources and increases efficiency. It reduces the need to travel for meetings and conferences, and saves time and money,” explains Tuladhar. He also has plans of promoting this technology and making organizations more aware of its benefits. </div> <div> </div> <div> Another forte of Nexus Solutions is in the areas of Environmental Monitoring. The Environmental Monitoring Solutions are used in datacentres to monitor the various environmental parameters including temperature, humidity, light and many others. These parameters are crucial for 24x7 operation of critical servers and other datacentre equipment. Nexus Solutions offers Environmental Monitoring Solutions from Sensatronics, a US based company. The Solution monitors the parameters accurately, and sends alerts if any of them is beyond the optimum levels. The Solution can be remotely monitored, and sends automatic emails, sms and even voice calls at extreme conditions. According to Tuladhar, this Solution reduces human intervention, and secures expensive equipments and critical data. The Solution is beneficial to banks, insurance companies, telecom service providers and to those companies who require their equipment to be up 24x7. </div> <div> </div> <div> Nexus Solutons is also providing Bandwidth Management Solutions for Unified Bandwidth Management (UBM). This Solution improves network control and provides the ability to manage bandwidth so that critical applications take precedence over other applications. It can merge the bandwidth of multiple links/ISPs and helps make full use of the available bandwidth. It can also be used to check unauthorized use of the bandwidth. </div> <div> </div> <div> The company is offering low cost data storage solutions as well. Through its tie up with Syncology, Nexus will provide high capacity storage for data backup and other applications. “It is a centralized storage system for multiple users. This Solution is very useful for those who work in areas like graphics designing, audio video editing and animations among other users,” explains Tuladhar. The product is also beneficial for GIS systems, TV channels and surveillance systems that require huge data storage. Along with all these products and services, Nexus Solutions offers routing and switching solutions through Cisco. </div> <div> </div> <div> Tuladhar says that banking and financial institutions, telecom companies, manufacturing companies, INGOs, government and small businesses are the potential customers. Though Nexus Solutions is a newly established company, it is all set to make its mark in the IT arena of Nepal through its revolutionary technologies. “We are building up alliances, and have already received a few offers. We hope to provide reliable IT solutions to assist enterprises,” says Tuladhar.</div>', 'published' => true, 'created' => '2013-08-20', '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' => 'Nexus Solutions Pvt Ltd, an IT Solutions’ Provider, has formally started its operations from June this year.', 'sortorder' => '1529', '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' => '1667', 'article_category_id' => '100', 'title' => 'Tourism Briefs (19 - 25 August 2013)', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong><span style="font-size:14px;">NATTA Chapter Established</span></strong></div> <div> Nepal Association of Tour and Travel Agents (NATTA), Palpa has been established with the aim to promote tourism. The association has been esablished as an umbrella organisation for the promotion and expansion of various tourism activities in Palpa, said the Chairman of the association, Pradip Prasad Udaya. The agencies are providing air tickets, train tickets, trekking, rafting, bicycling and other tour packages. The association has aimed to promote and preserve the historical, natural, cultural and religious heritage of Palpa. </div> <div> </div> <div> <strong><span style="font-size:14px;">Nepal promoted in Mumbai and Goa</span></strong></div> <div> Nepal Tourism Board (NTB) participated in the promotional tour of western Indian cities organized by Nepal Association of Tour and Travel Agents (NATTA) Regional Association, Pokhara. With almost 40 flights per week to Kathmandu, air connectivity with India has shown a significant improvement. Based on these indicators, NATTA Pokhara and organized the week-long promotional tour focusing on Mumbai and Goa from 1-8 August 2013, says a press release. </div> <div> </div> <div> The Mumbai leg of the program on August 2 was attended by the local trade community and. According to the release, the B2B session provided the delegation members a platform to forge new business alliances and renew the existing ones. Nepal’s tourism products, services and facilitation issues were highlighted in the event. The Goa leg of the program on August 5 was attended by local tourism fraternity and media. </div> <div> </div> <div> <strong><span style="font-size:14px;">Cathay Pacific’s 2013 Interim Results</span></strong></div> <div> <img alt="The Cathay Pacific Group" src="/userfiles/images/cp.jpg" style=" float: left; margin: 0px 10px 0px 0px;width: 100px; height: 45px;" />The Cathay Pacific Group has reported a profit of HK$ 24 million in the first six months of 2013. This compares to a restated loss of HK$ 929 million in the first half of 2012. Earnings per share were HK 0.6 cents compared to a restated loss per share of HK 23.6 cents in the first half of 2012. Turnover for the period fell by 0.6 per ent to HK$ 48,584 million. In the first half of 2013, the Group’s net fuel costs decreased by 8.5 per cent compared to the same period in 2012. The passenger business of Cathay Pacific and Dragonair improved in the first half of 2013 compared to the same period in 2012. Revenue increased by 0.8 per cent to HK$ 34,978 million, although capacity decreased by 4.8 per cent. The load factor has increased by 1.2 percentage points to 81.3 per cent. </div> <div> </div> <div> <strong><span style="font-size:14px;">The Potentials of 2014 World Cup for Brazil</span></strong></div> <div> <img alt="2014 World Cup for Brazil" src="/userfiles/images/brasil.jpg" style=" float: left; margin: 0px 10px 0px 0px;width: 100px; height: 49px;" />A special study conducted by the Brazilian Tourism Board (Embratur) shows that tourism for the 2014 World Cup will generate US$ 10.9 billion for the 12 host cities of the games. This amount surpasses the public investments to prepare for the global event. </div> <div> </div> <div> This figure includes spending by Brazilian and domestic tourists. On the local, state and Federal level US$ 9.5 billion has been invested in the infrastructure improvements to prepare for the event. This will generate a US$1.4 billion gain for the economy of Brazil in just the 30 days of the event alone. In addition, the legacy of the improvements will last far beyond the World Cup. At the Confederations Cup held in June of this year, it is estimated that tourists - Brazilians and foreign - spent about US$ 321.79 million. (Traveldailynews.com)</div> <div> </div>', 'published' => true, 'created' => '2013-08-20', '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 Association of Tour and Travel Agents (NATTA), Palpa has been established with the aim to promote tourism.', 'sortorder' => '1528', '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' => '1666', 'article_category_id' => '99', 'title' => 'Home Stay At Manakamana And Namki', 'sub_title' => '', 'summary' => null, 'content' => '<div> The home stay system is being practiced in Manakamana and Namki of Gorkha district with the motive of preserving Magar culture and promoting cardamom farming. This is being done in partnership with Sikodar Nepal and KOIKA Nepal. </div> <div> </div> <div> Officials at the Home Stay System Committee said that the main goal of the system is to attract tourists visiting headquarters to the areas of cardamom farming and prolonging their stay to promote Magar culture. The home stay system in this area can also help highlight unidentified areas of Gorkhato attract domestic as well as international tourists. </div> <div> </div> <div> It is believed that this system would help in strengthening the economy of the these areas. </div> <div> </div> <div> According to them, all necessary training related to home stay will be provided. A committee has been formed for the management of healthy food and lodging. In the first phase of the programme, home stay will be conducted in 10 houses of both areas and in second phase it will be conducted in 42 houses of Namki and 16 houses of Betarni, Manakamana.</div> <div> </div> <div> Various mountain ranges and the tea estate can be viewed from Namki where although the home stay system has not officially begun, more than 200 tourists have already paid a visit. </div> <div> </div>', 'published' => true, 'created' => '2013-08-20', '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 home stay system is being practiced in Manakamana and Namki of Gorkha district with the motive of preserving Magar culture and promoting cardamom farming. This is being done in partnership with Sikodar Nepal and KOIKA Nepal.', 'sortorder' => '1527', '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' => '1665', 'article_category_id' => '99', 'title' => 'Shrestha Wins Surya Nepal Gokarna Monthly Medal', 'sub_title' => '', 'summary' => null, 'content' => '<div> <div> </div> <div> Rabindra Man Shrestha has won the Surya Nepal Gokarna Monthly Medal played at Gokarna Golf Club on Saturday. Shrestha scored five-under 67 to register victory of one stroke over Pavitra Kumar Karki, who produced a score card of 4-under 68. Ang Tshiring Sherpa scored nine-over 81 gross to win the best gross title. Joseph Nathan and Damien Dunn were tied for third position and Nathan was declared third in the count back. </div> <div> </div> <div> The tournament was played under stroke play format with full handicap. A total of 32 players took part in the tournament sponsored by Surya Nepal Pvt Ltd. President of Gokarna Golf Club Suhrid Ghimire gave away the prizes to the winners of the tournament. </div> <div> </div> <div> Top 30 players will compete over two rounds for the club championship in the month of November and December. Top three gross scorers will also qualify for the final medal rounds.</div> </div> <p> </p>', 'published' => true, 'created' => '2013-08-20', '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' => 'Rabindra Man Shrestha has won the Surya Nepal Gokarna Monthly Medal played at Gokarna Golf Club on Saturday.', 'sortorder' => '1526', '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' => '1664', 'article_category_id' => '152', 'title' => 'Focus Briefs (19 - 25 August 2013)', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong><span style="font-size:14px;">The Campus of International Languages (CIL)</span></strong></div> <div> The Campus of International Languages (CIL) is the only language teaching campus in Nepal under Tribhuvan University (TU), which is considered as one of the oldest and highly regarded university in Nepal. This is the only campus in Kathmandu that teaches different languages. At present there are two language programs running in the campus — the Himalayan Language Program, which includes Nepali, Sanskrit, Newari and Tibetan and the Foreign Language Program. Now the college has classes in Italian, Russian, Spanish, French, German, and English. The college is also planning to introduce Danish, Arabic, Hebrew and Norwegian soon. The tuition fee for expatriate nationals is US $ 650 per year and 1600 NCR for six months.</div> <div> </div> <div> <strong><span style="font-size:14px;">Goethe Zentrum Kathmandu</span></strong></div> <div> <img alt="Goethe Zentrum Kathmandu (GZK)" src="/userfiles/images/goethe.jpg" style=" float: left; margin: 0px 10px 0px 0px;width: 100px; height: 111px;" />Goethe Zentrum Kathmandu (GZK) which is centrally located at Thapathali in Kathmandu is the official German language institute and partner of the German Foreign Office. Since 2001, the GZK is teaching the German language within the framework of the Cultural Cooperation agreed upon in 1982 by both Nepal and the Federal Republic of Germany. The institute also conducts language classes for tourist guides titled “Reiseleiter.” It was started in 1998 and it is provided only to license-holder guides every two years.</div> <div> </div> <div> </div> <div> <strong><span style="font-size:14px;">Alliance Française de Kathmandu (AF)</span></strong></div> <div> <img alt="Alliance Française de Kathmandu (AF)" src="/userfiles/images/afk.jpg" style=" float: left; margin: 0px 10px 0px 0px;width: 100px; height: 79px;" />Founded in Paris in 1883, the Alliance Française (AF) created a worldwide network of more than 1335 local associations established now in more than 140 countries. It started its institute in Nepal in 1994. The Alliance Française teaches French language by proposing French classes, aiming to promote the language and to spread the French and Francophone culture by organizing cultural events by enhancing the intercultural dialogue promoting cultural diversity. AF charges Rs 7,200 for a semester which is of around 2 month (48-hours). AF also offers Intensive Professional Class, a 40-hour French class for tourist guides twice a year during January-February and July-August. </div> <div> </div> <div> <strong><span style="font-size:14px;">Alta-Vista</span></strong></div> <div> <img alt="Alta-Vista ‘Spanish’ Language School in Nepal" src="/userfiles/images/alt.jpg" style=" float: left; margin: 0px 10px 0px 0px;width: 200px; height: 33px;" />Alta-Vista is the first and exclusive ‘Spanish’ Language School in Nepal and was founded in 2006 with a purpose of promotion of Spanish language and culture in Nepal. Alta-Vista has firmly established itself as a pioneer institute for Spanish Language courses. Centrally located in the heart of the educational hub – Putalisadak, it has been providing both knowledge and service par excellence with a team of highly qualified teachers. Alta-Vista offers various courses of Spanish language meeting demands of students from all walks of life.</div> <div> </div> <div> Alta-Vista charges Rs 5,000 for Basic Course, Rs 6,000 for Intermediate Course and 7,000 Advance course. And there is a course named ‘Intensive Course’ which is like Basic Private for which students pay Rs 300 per class.</div> <div> </div>', 'published' => true, 'created' => '2013-08-20', '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 Campus of International Languages (CIL) is the only language teaching campus in Nepal under Tribhuvan University (TU), which is considered as one of the oldest and highly regarded university in Nepal.', 'sortorder' => '1525', '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' => '1663', 'article_category_id' => '108', 'title' => 'Money Matters News In Brief', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong><span style="font-size:14px;">NRB Asked Capital Increment Plan</span></strong></div> <div> Nepal Rastra bank (NRB) has asked Banks and Financial Institutions (BFIs) to submit their plan to increase the paid-up capital as prescribed by NRB. The BFIs who have not increased their capital till mid-July 2013 to the minimum amount as prescribed, have to place the plan to NRB till Mid-Oct 2013. NRB issued such circular to all BFIs on August 11 (Sunday). As per this directive, commercial banks have to have a paid-up capital of Rs 2 billion and the national level development banks have to make it Rs 640 million. Similarly, the finance companies have to have a minimum of of Rs 200 million. </div> <div> </div> <div> </div> <div> <strong><span style="font-size:14px;">SEBON Inspects 30 Brokerage Companies</span></strong></div> <div> Securities Board of Nepal (SEBON) has inspected 30 brokerage companies after the complaint were filed against them. SEBON has inspected the detailed information regarding the buyers and sellers. Similarly, the on-site inspection also investigated matters related to anti-money laundering. The inspection has found that the brokers have been providing privilege to the larger investor than the smaller investors. Thus, they have been warned, not to repeat this behavior in future.</div> <div> </div> <div> </div> <div> <strong><span style="font-size:14px;">NBL Right Share Allotment </span></strong></div> <div> <img alt="Nepal Bank Limited (NBL)" src="/userfiles/images/nbl.jpg" style=" float: left; margin: 0px 10px 0px 0px;width: 100px; height: 81px;" />Nepal Bank Limited (NBL) has allotted 3,360,606 right shares to the shareholders. Out of this, 13,972,866 shares have been allotted to Government of Nepal and remaining 19,387,740 shares to the general public. This allotment is 92.17 percent of the right shares issued. The remaining unsubscribed right shares are to be auctioned.</div> <div> </div> <div> </div> <div> </div> <div> <strong><span style="font-size:14px;">EIC Resumes Operation</span></strong></div> <div> <img alt="Everest Insurance Company (EIC)" src="/userfiles/images/eic(1).jpg" style=" float: left; margin: 0px 10px 0px 0px;width: 100px; height: 49px;" />Everest Insurance Company (EIC) resumed its operation from Sunday August 11 after an understanding between management team and agitation employees. Earlier, the Insurance Board had refused to renew the company’s licence as it had found embezzlement on payment of claim worth Rs 40 million to Himalayan Snax made by company.</div> <div> </div> <div> </div> <div> <strong><span style="font-size:14px;">Merger between Best and Samsara</span></strong></div> <div> The merger between Best Remit UK and Samsara Remit UK took place on Wednesday, 14 August. After the merger the new remittance company will operate in the name of ‘Best Samsara Remit’. </div> <div> Presidents of Best Holding Bhimkrishna Udas and Samsara Nepal UK Rajaram Giri signed the agreement for the merger. </div> <div> </div> <div> </div> <div> <strong><span style="font-size:14px;">Mega Distributes Certificate</span></strong></div> <div> <img alt="Mega Bank Nepal Ltd" src="/userfiles/images/mega.jpg" style=" float: left; margin: 0px 10px 0px 0px;width: 100px; height: 49px;" />Mega Bank Nepal Ltd had started distributing share certificates to the allotted shareholders from August 12. </div> <div> </div> <div> </div> <div> <strong><span style="font-size:14px;">Mega goes Branchless at Aargakachi</span></strong></div> <div> Mega Bank has started branchless banking services at two locations of Aargakachi. The two places are Hansapur and Khiliji of Aargakachi. </div> <div> </div> <div> </div> <div> <strong><span style="font-size:14px;">NIBL at Bharahathawa</span></strong></div> <div> <img alt="Nepal Investment Bank Ltd (NIBL) " src="/userfiles/images/nibl(1).jpg" style=" float: left; margin: 0px 10px 0px 0px;width: 100px; height: 27px;" />Nepal Investment Bank Ltd (NIBL) has opened its 44th branch at Bharahathawa, Sarlahi. The branch was inaugurated by bank’s CEO Jyoti Prakash Pandey on August 15 (Thursday).</div> <div> </div> <div> </div> <div> <strong><span style="font-size:14px;">RMDC IPO Allotment</span></strong></div> <div> <img alt="" src="/userfiles/images/rmdc.jpg" style="float: left; margin: 0px 10px 0px 0px; width: 50px; height: 50px;" />Rural Microfinance Development Center (RMDC) Ltd has allotted its IPO on Thursday August 15. Though RMDC had issued 1,560,000 unit of shares, it had got applications for a total of 17,429,240 units. </div> <div> </div> <div> </div> <div> </div> <div> <strong><span style="font-size:14px;">GBIME at Hetuada</span></strong></div> <div> <img alt="Global IME Bank" src="/userfiles/images/gbime.jpg" style=" float: left; margin: 0px 10px 0px 0px;width: 100px; height: 21px;" />Global IME Bank has opened its 71st branch at Hetuada. The branch was inagurated by NPBC President Kush Kumar Joshi on Friday, August 16.</div> <div> </div>', 'published' => true, 'created' => '2013-08-19', 'modified' => '2013-08-20', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'Nepal Bank Limited (NBL) has allotted 3,360,606 right shares to the shareholders.', 'sortorder' => '1524', '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' => '1662', 'article_category_id' => '113', 'title' => 'US Dollar Exchange Rate At Local Market (12 -18 August 2013)', 'sub_title' => '', 'summary' => null, 'content' => '', 'published' => true, 'created' => '2013-08-19', 'modified' => '0000-00-00', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'US Dollar Exchange Rate At Local Market', 'sortorder' => '1523', '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' => '1661', 'article_category_id' => '112', 'title' => 'Weekly Gold And Silver Price ( 12 - 18 August 2013)', 'sub_title' => '', 'summary' => null, 'content' => '', 'published' => true, 'created' => '2013-08-19', 'modified' => '0000-00-00', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'Weekly Gold And Silver Price', 'sortorder' => '1522', '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' => '1660', 'article_category_id' => '110', 'title' => 'Top Ten Losers (12 -18 August 2013)', 'sub_title' => '', 'summary' => null, 'content' => '', 'published' => true, 'created' => '2013-08-19', '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' => '1521', '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' => '1659', 'article_category_id' => '111', 'title' => 'Top Ten Gainers (12 - 18 August 2013)', 'sub_title' => '', 'summary' => null, 'content' => '', 'published' => true, 'created' => '2013-08-19', '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' => '', 'sortorder' => '1520', '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' => '1658', 'article_category_id' => '109', 'title' => 'Industrialist Murarka Passes Away', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong>--By TC Correspondent</strong></div> <div> </div> <div> <img alt="Atmaram Murarka" src="/userfiles/images/murarka.jpg" style="float: right; margin: 0px 0px 0px 10px; width: 200px; height: 278px;" />Prominent industrialist Atmaram Murarka passed away in Kathmandu on August 14. He was 72.</div> <div> </div> <div> Murarka breathed his last at Norvic Hospital on Wednesday morning. He was admitted to the hospital a week ago and was diagnosed of respiratory and heart ailments and high blood pressure. He is survived by his wife, two sons and three daughters.</div> <div> </div> <div> His youngest son Pashupati Murarka is currently the vice-president of Federation of Nepalese Chambers of Commerce and Industry (FNCCI) and handles the Murarka Organization founded by late Murarka.</div> <div> </div> <div> The Murarka Organization has over a dozen industries, including Pashupati Paints. The organization has business interest in hydro sector, rolling mills, cement factory, vegetable ghee, oil, GI wire and banks, among others.</div> <div> </div> <div> Late Murarka served in the executive committee of FNCCI for two terms. He also became the vice-president of FNCCI in 1997.</div> <div> </div> <div> FNCCI President Suraj Vaidya covered Murarka´s body with FNCCI´s flag before the last rites. Issuing a press statement, FNCCI expressed deep sorrow on the death of Murarka.</div> <div> </div>', 'published' => true, 'created' => '2013-08-19', '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' => 'Prominent industrialist Atmaram Murarka passed away in Kathmandu on August 14. He was 72.', 'sortorder' => '1519', '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' => '1657', 'article_category_id' => '109', 'title' => 'Nepse At 540', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> <strong>--By Rashesh Vaidya</strong></div> <div> </div> <div> Nepse index declined by 3 points during previous week. It had closed 539.44 on Sunday, 11thAugust (the first trading day of the week) and reached 536.45 at the close of Thursday, 17th August (the last trading day of the week). The market floor was open for five days.</div> <div> </div> <div> In the week, the hotel sub-index decreased the highest by 21.21 points closing at 646.23 points. There was decline in the share prices of Soaltee Hotel Ltd by Rs7 per share during the week closing at Rs 270. There was no change in trading sub-index. </div> <div> </div> <div> There was a heavy increment45.43 points in the insurance sub-index closing at 1177.83. The reason behind the bullish trend in this sub-index is the of capital increment plan being implemented for both the life and non-life insurance companies. </div> <div> </div> <div> Shares of 137 companies were traded at Nepse during the week through 9,045 transactions amounting to Rs 725,263,390. </div> <div> The share price of 53 companies increased, while 49 companies declined and the share price of 32 companies remained unchanged.</div> <div> </div> <div> The transaction amount of the week is 7.27 percent higher than that of earlier week. The total number of scrips traded was 2,625,010 which is 46,920 higher than that of earlier week.</div> <div> </div> <div> Global IME Bank topped the list in terms of transaction amount (Rs 82,927,000) as well as in number of scrips traded (647,870) during the week. </div> <div> </div> <div> Commerz and Trust Bank Nepal was at the top on the basis of the number of transactions (993). </div> <div> </div> <div> Similarly, a total of 49,010,676 bonus shares of seven companies were listed during a week.</div> <div> </div> <div> <img alt="Sectors" src="/userfiles/images/SECTORS.jpg" style="width: 500px; height: 137px;" /></div> <div> <hr /> <div> <strong><span style="font-size:14px;">Nepse on Sunday</span></strong></div> <div> Nepse Index closed at 540.47 points on Sunday (August 18). The index increased by 4.09 points from the Thursday (August 16) close. All the sector sub-indices except development banks sub-index saw increment during the day. Development Bank sub-index dropped by 0.62 points closing at 273.62 points. Total of 591,977 shares was traded from 1910 transactions during a day. The stock ‘SHINE’ has been resumed on Sunday after successfully merger between Shine Development Bank and Resunga Development Bank trading at Rs 292 per share.</div> </div>', 'published' => true, 'created' => '2013-08-19', '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' => 'Nepse index declined by 3 points during previous week', 'sortorder' => '1518', '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' => '1656', 'article_category_id' => '157', 'title' => 'Annapurna For Oenophiles', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> --By Sujan Tiwari</div> <div> <div> </div> <div> Hotel Annapurna, in its pursuit of providing better services and facilities to its customers, has introduced a new collection of fine wines from around the world. The Hotel has recently introduced new range of classic wines from France, Chile, New Zealand and Australia among other countries. To familiarize its customers with the new wine assortment, Annapurna Organized a Wine Appreciation programme on Tuesday evening. </div> <div> </div> <div> According to Deepeksha B Rana, Food and Beverage Manager at Annapurna, this new collection is a part of Hotel’s endeavour to upgrade its services. “With this new collection, we have all sorts of wines in our inventory, from expensive to mediocre ones. The range of wines is such that it can be enjoyed by people from all classes and all walks of life,” says Rana. He also informed that the new wine range is targeted to expatriates, NRNs and young professional who especially have a taste for fine wines. </div> <div> </div> <div> Four of the Jacob’s Creek wines from the collection were offered to the guests in the programme. A certified Wine Professional provided those present with a detailed guidance on how to discover the real taste of wine, and wine and food pairing. The guests were informed about the five S’s of wine tasting, namely see, swirl, smell, sip and savour. First on the list was Classic Chardonnay. It had the aromas of citrus and other fruits with hints of oak. The medium bodied softly acidic wine is the type that goes well with fish, chicken and similar dishes. The chardonnay was followed by Shiraz Rose, a medium bodied wine with raspberry and cherry flavours. </div> <div> </div> <div> Next was Classic Merlot that had aromas of cherry and red currant. The medium bodied dry wine is a perfect accompaniment for pasta and cheese dishes. The wine tasting was concluded with Shiraz Cabernet. The medium bodies wine had flavours of black cherry, plum and cloves with hints of pepper on the palate. Red meat dishes, pizzas and tomato based dishes go very well with this wine. </div> <div> </div> <div> Apart from these, Annapurna boasts of numerous red wines, white wines, rose wine, sparkling wine and champagnes. The price of the wines range from Rs 2,100 to Rs 35,000 per bottle, suiting every pocket. According to Rana, the wine collection can be enjoyed at Juneli Bar, Arniko Room, Ghar-e-kabab and even at The Coffee Shop of the Hotel. Hotel Annapurna could be your next destination if you are a wine connoisseur or just enjoy a glass every now and then. </div> </div> <p> </p>', 'published' => true, 'created' => '2013-08-19', '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' => 'Hotel Annapurna has recently introduced new range of classic wines from France, Chile, New Zealand and Australia among other countries.', 'sortorder' => '1517', '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' => '1655', 'article_category_id' => '153', 'title' => 'Foreign Language Skills Will Drive The Next BPO Boom', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> <strong>--By Sujit Nath</strong></div> <div> </div> <div> The world is shrinking beyond our imagination and unlike few years back more and more Nepali students and professional are now going abroad and opting for foreign language skills to enhance their portfolio.</div> <div> </div> <div> Businesses are expanding speedily and reaching even distant corners of the globe. Rapid changes are occurring in the way business transactions are conducted. Boundaries – physical and linguistic – are hence being naturally broken. </div> <div> </div> <div> Globalisation has brought countries closer to each other, and there is now increased interaction between them. In such a scenario, knowledge of a foreign language shall go a long way in enabling improved communication and understanding.</div> <div> </div> <div> To attract more students many institutions are getting associated with coveted institutes such as Max Mueller, Alliance Francaise to ensure the holistic development of the students in terms of languages, which will help them in shaping their career in future.</div> <div> </div> <div> We all know that the best age for a child to pick up a foreign language is when he or she has attained an age of 6-8 years. But with working parents it is not always possible for them to go to such language schools. This is because of the time and budget constraints of their parents. Therefore, many of them are offering customised course classes to suit the timing and budget.</div> <div> </div> <div> A senior executive of Mafoi, a leading Indian placement agency that works for most Fortune 500 companies, says, “Our clients have BPO assignment deals not only from France and Germany, but also from Belgium, Netherlands and other countries where these two languages are spoken. Speaking in their language gives confidence in the minds of the foreign clients with regard to their overseas BPOs for it shows that they are well-equipped to handle foreign business. This also helps in building personal rapport for knowledge of a common language, which definitely helps break communication barriers”.</div> <div> </div> <div> On the context of students or professional from Nepal, she said, “I have interviewed many girls from Nepal who has earned expertise in foreign language and doing quite well in USA, UK, Germany and Spain. Most of them were good at Spanish, French and German”.</div> <div> </div> <div> She feels that Nepal has a great potential and especially the youths, who are talented enough to take up any challenges abroad. “They are a good professional,” she said.</div> <div> </div> <div> Mainak Sen, who stayed in Nepal for long time and settled in Germany, said, “In my college days in Nepal, learning foreign language was not so popular. But I learned the language, which helped me a lot in mingle with the local culture in Germany and my profession. I have many friends in Nepal whose children prefer to learn atleast one foreign language as per their future career plan”.</div> <div> </div> <div> Jackson Subedi, Director of Alta Vista, exclusive Spanish Language School in Nepal which was founded in 2006, said, “In this fast changing global scenario language skills, and particularly the knowledge of European languages, provide a great advantage to youngsters seeking career opportunities in the ever shrinking and increasingly globalised new world order”.</div> <div> </div> <div> It is not only the love and thrill of learning a foreign language alone that brings these youngsters at these foreign language teaching institutes. They are there because they feel that knowledge of a foreign language other than Nepali and English will give them a passport to a whole new world of opportunities and career options, where their language skills will count a lot. </div> <div> </div> <div> For instance, Prasanna, who learned Spanish in Nepal, believes that his knowledge of the Spanish language will come in handy not just in Spain, but also in USA and Latin America — where this language is extensively used. “The language helped in enhancing my portfolio,” he said.</div> <div> </div> <div> Interestingly, according to Jackson, the Director of Alta Vista, there are students who wants to learn the foreign language to become tourist guide, which they feel is another sector which is booming every day.</div> <div> </div> <div> But how will knowing a foreign language help them in their careers? </div> <div> </div> <div> </div> <div> </div> <div> The focus on creating a personalised business environment has meant that even professionally qualified people feel the need to upgrade their qualifications to stay competitive in the employment race. Multinationals, IT companies and BPOs in the country not only look for people with required technical qualifications but also those with linguistic skills.</div> <div> </div> <div> “Learning Foreign language does make a difference and candidates knowing Spanish, French or German are definitely at an advantage during recruitment. But I personally feel that in Nepal the demand for learning Spanish is higher among the Nepali students”, says Anup Satyal, a well known Spanish language teacher in Nepal.</div> <div> However, some students are opting for Germany because the their education is bit cheaper and widely spoken in Austria, part of Switzerland and in most East European countries such as Poland, the Czech republic, Hungary etc. But there is a significant number who also think it shall be very useful, in terms of their career even in India.</div> <div> </div> <div> There is an increasing demand for linguistically skilled people even for interpretation and translation of technical documents, transactions and e-mails. Some opt for multiple foreign languages, for wider look in other countries to get more opportunities.</div> <div> </div> <div> Another factor for Nepali students opting for multiple foreign languages the USA is no longer the only preferred destination, as several youngsters as seek employment in Europe. There are also many who seek employment in countries such as Canada (Canadian immigration authorities insist on a French language certificate), and in the once-French and German colonies of Africa, where knowledge of French and/or German is extremely beneficial.</div> <div> </div> <div> In coming years youngsters from Nepal will shine more in other countries and proved to a great workforce.</div>', 'published' => true, 'created' => '2013-08-19', '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 world is shrinking beyond our imagination and unlike few years back more and more Nepali students and professional are now going abroad and opting for foreign language skills to enhance their portfolio.', 'sortorder' => '1516', '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
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The move would allow Samsung to potentially beat rival Apple Inc. on what is expected to be the next major battleground for mobile phone makers. The world’s largest smartphone maker will unveil the device to be worn around the wrist called Galaxy Gear on Sept. 4, ahead of Berlin’s IFA, a consumer electronics show where technology companies showcase their gadgets. It will go on sale this year, the people said.</div> <div> </div> <div> But, one person said the device won’t have flexible displays, contrary to the company’spatent filings in the U.S. and South Korea earlier this year that suggested a device with a bendable screen was in the works. Analysts had cast doubts about mass producing flexible screens for a couple of years, making the possibility of wristwatch smartphones grim. Wearable smart devices have been tipped as the next jackpot niche for leading handset makers such as Samsung and Apple as the lucrative high-end segment of the smartphone market worldwide is saturated. </div>', 'published' => true, 'created' => '2013-08-20', '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' => 'It’s official: Samsung Electronics will launch its first wristwatch smartphone in international markets by early next month, people familiar with the plan say.', 'sortorder' => '1530', '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' => '1668', 'article_category_id' => '116', 'title' => 'Next Generation Of IT Solutions', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> <strong>--By Sujan Tiwari</strong></div> <div> </div> <table align="right" border="0" cellpadding="1" cellspacing="1"> <tbody> <tr> <td> <img alt="Rajan Man Tuladhar Managing Director, Nexus" src="/userfiles/images/rmt.jpg" style="width: 200px; height: 214px;" /></td> </tr> <tr> <td style="text-align: center;"> <div> <strong>Rajan Man Tuladhar</strong></div> <div> Managing Director, Nexus</div> </td> </tr> </tbody> </table> <div> Nexus Solutions Pvt Ltd, an IT Solutions’ Provider, has formally started its operations from June this year. Dealing in enterprise grade IT solutions, Nexus Solutions is all geared up to offer its world class services and products. Rajan Man Tuladhar, Managing Director of Nexus Solutions, with an experience of 20 years in the IT sector, is the man behind the company. “We are here to take IT solutions to a whole new level. We have tied up with some of the best IT vendors in the world, and will be providing their products and services in Nepal,” says Tuladhar. </div> <div> </div> <div> Nexus Solutions has its tie ups with Polycom for Audio and Video Conferencing Solutions, Sensatronics for Environmental Monitoring Solutions, Synology for Data Storage Solutions (NAS), XRoads Networks for Bandwidth Management Solutions and Cisco for Networking and Server Solutions. According to Tuladhar, people generally perceive IT solution providers only as the retailers of computers and other related equipments. “There are more complex services and equipments required by the enterprises. Nexus Solutions is here to help the organizations with their IT solution needs. We cater to organizations rather than individuals,” says Tuladhar. </div> <div> </div> <div> Audio and Video Conferencing is one of the focus areas of Nexus Solutions. According to Tuladhar, the AV Conferencing solutions provided by Nexus Solutions is of enterprise grade, and offers HD video and audio. “AV conferencing is very beneficial for organizations as it saves a lot of resources and increases efficiency. It reduces the need to travel for meetings and conferences, and saves time and money,” explains Tuladhar. He also has plans of promoting this technology and making organizations more aware of its benefits. </div> <div> </div> <div> Another forte of Nexus Solutions is in the areas of Environmental Monitoring. The Environmental Monitoring Solutions are used in datacentres to monitor the various environmental parameters including temperature, humidity, light and many others. These parameters are crucial for 24x7 operation of critical servers and other datacentre equipment. Nexus Solutions offers Environmental Monitoring Solutions from Sensatronics, a US based company. The Solution monitors the parameters accurately, and sends alerts if any of them is beyond the optimum levels. The Solution can be remotely monitored, and sends automatic emails, sms and even voice calls at extreme conditions. According to Tuladhar, this Solution reduces human intervention, and secures expensive equipments and critical data. The Solution is beneficial to banks, insurance companies, telecom service providers and to those companies who require their equipment to be up 24x7. </div> <div> </div> <div> Nexus Solutons is also providing Bandwidth Management Solutions for Unified Bandwidth Management (UBM). This Solution improves network control and provides the ability to manage bandwidth so that critical applications take precedence over other applications. It can merge the bandwidth of multiple links/ISPs and helps make full use of the available bandwidth. It can also be used to check unauthorized use of the bandwidth. </div> <div> </div> <div> The company is offering low cost data storage solutions as well. Through its tie up with Syncology, Nexus will provide high capacity storage for data backup and other applications. “It is a centralized storage system for multiple users. This Solution is very useful for those who work in areas like graphics designing, audio video editing and animations among other users,” explains Tuladhar. The product is also beneficial for GIS systems, TV channels and surveillance systems that require huge data storage. Along with all these products and services, Nexus Solutions offers routing and switching solutions through Cisco. </div> <div> </div> <div> Tuladhar says that banking and financial institutions, telecom companies, manufacturing companies, INGOs, government and small businesses are the potential customers. Though Nexus Solutions is a newly established company, it is all set to make its mark in the IT arena of Nepal through its revolutionary technologies. “We are building up alliances, and have already received a few offers. We hope to provide reliable IT solutions to assist enterprises,” says Tuladhar.</div>', 'published' => true, 'created' => '2013-08-20', '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' => 'Nexus Solutions Pvt Ltd, an IT Solutions’ Provider, has formally started its operations from June this year.', 'sortorder' => '1529', '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' => '1667', 'article_category_id' => '100', 'title' => 'Tourism Briefs (19 - 25 August 2013)', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong><span style="font-size:14px;">NATTA Chapter Established</span></strong></div> <div> Nepal Association of Tour and Travel Agents (NATTA), Palpa has been established with the aim to promote tourism. The association has been esablished as an umbrella organisation for the promotion and expansion of various tourism activities in Palpa, said the Chairman of the association, Pradip Prasad Udaya. The agencies are providing air tickets, train tickets, trekking, rafting, bicycling and other tour packages. The association has aimed to promote and preserve the historical, natural, cultural and religious heritage of Palpa. </div> <div> </div> <div> <strong><span style="font-size:14px;">Nepal promoted in Mumbai and Goa</span></strong></div> <div> Nepal Tourism Board (NTB) participated in the promotional tour of western Indian cities organized by Nepal Association of Tour and Travel Agents (NATTA) Regional Association, Pokhara. With almost 40 flights per week to Kathmandu, air connectivity with India has shown a significant improvement. Based on these indicators, NATTA Pokhara and organized the week-long promotional tour focusing on Mumbai and Goa from 1-8 August 2013, says a press release. </div> <div> </div> <div> The Mumbai leg of the program on August 2 was attended by the local trade community and. According to the release, the B2B session provided the delegation members a platform to forge new business alliances and renew the existing ones. Nepal’s tourism products, services and facilitation issues were highlighted in the event. The Goa leg of the program on August 5 was attended by local tourism fraternity and media. </div> <div> </div> <div> <strong><span style="font-size:14px;">Cathay Pacific’s 2013 Interim Results</span></strong></div> <div> <img alt="The Cathay Pacific Group" src="/userfiles/images/cp.jpg" style=" float: left; margin: 0px 10px 0px 0px;width: 100px; height: 45px;" />The Cathay Pacific Group has reported a profit of HK$ 24 million in the first six months of 2013. This compares to a restated loss of HK$ 929 million in the first half of 2012. Earnings per share were HK 0.6 cents compared to a restated loss per share of HK 23.6 cents in the first half of 2012. Turnover for the period fell by 0.6 per ent to HK$ 48,584 million. In the first half of 2013, the Group’s net fuel costs decreased by 8.5 per cent compared to the same period in 2012. The passenger business of Cathay Pacific and Dragonair improved in the first half of 2013 compared to the same period in 2012. Revenue increased by 0.8 per cent to HK$ 34,978 million, although capacity decreased by 4.8 per cent. The load factor has increased by 1.2 percentage points to 81.3 per cent. </div> <div> </div> <div> <strong><span style="font-size:14px;">The Potentials of 2014 World Cup for Brazil</span></strong></div> <div> <img alt="2014 World Cup for Brazil" src="/userfiles/images/brasil.jpg" style=" float: left; margin: 0px 10px 0px 0px;width: 100px; height: 49px;" />A special study conducted by the Brazilian Tourism Board (Embratur) shows that tourism for the 2014 World Cup will generate US$ 10.9 billion for the 12 host cities of the games. This amount surpasses the public investments to prepare for the global event. </div> <div> </div> <div> This figure includes spending by Brazilian and domestic tourists. On the local, state and Federal level US$ 9.5 billion has been invested in the infrastructure improvements to prepare for the event. This will generate a US$1.4 billion gain for the economy of Brazil in just the 30 days of the event alone. In addition, the legacy of the improvements will last far beyond the World Cup. At the Confederations Cup held in June of this year, it is estimated that tourists - Brazilians and foreign - spent about US$ 321.79 million. (Traveldailynews.com)</div> <div> </div>', 'published' => true, 'created' => '2013-08-20', '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 Association of Tour and Travel Agents (NATTA), Palpa has been established with the aim to promote tourism.', 'sortorder' => '1528', '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' => '1666', 'article_category_id' => '99', 'title' => 'Home Stay At Manakamana And Namki', 'sub_title' => '', 'summary' => null, 'content' => '<div> The home stay system is being practiced in Manakamana and Namki of Gorkha district with the motive of preserving Magar culture and promoting cardamom farming. This is being done in partnership with Sikodar Nepal and KOIKA Nepal. </div> <div> </div> <div> Officials at the Home Stay System Committee said that the main goal of the system is to attract tourists visiting headquarters to the areas of cardamom farming and prolonging their stay to promote Magar culture. The home stay system in this area can also help highlight unidentified areas of Gorkhato attract domestic as well as international tourists. </div> <div> </div> <div> It is believed that this system would help in strengthening the economy of the these areas. </div> <div> </div> <div> According to them, all necessary training related to home stay will be provided. A committee has been formed for the management of healthy food and lodging. In the first phase of the programme, home stay will be conducted in 10 houses of both areas and in second phase it will be conducted in 42 houses of Namki and 16 houses of Betarni, Manakamana.</div> <div> </div> <div> Various mountain ranges and the tea estate can be viewed from Namki where although the home stay system has not officially begun, more than 200 tourists have already paid a visit. </div> <div> </div>', 'published' => true, 'created' => '2013-08-20', '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 home stay system is being practiced in Manakamana and Namki of Gorkha district with the motive of preserving Magar culture and promoting cardamom farming. This is being done in partnership with Sikodar Nepal and KOIKA Nepal.', 'sortorder' => '1527', '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' => '1665', 'article_category_id' => '99', 'title' => 'Shrestha Wins Surya Nepal Gokarna Monthly Medal', 'sub_title' => '', 'summary' => null, 'content' => '<div> <div> </div> <div> Rabindra Man Shrestha has won the Surya Nepal Gokarna Monthly Medal played at Gokarna Golf Club on Saturday. Shrestha scored five-under 67 to register victory of one stroke over Pavitra Kumar Karki, who produced a score card of 4-under 68. Ang Tshiring Sherpa scored nine-over 81 gross to win the best gross title. Joseph Nathan and Damien Dunn were tied for third position and Nathan was declared third in the count back. </div> <div> </div> <div> The tournament was played under stroke play format with full handicap. A total of 32 players took part in the tournament sponsored by Surya Nepal Pvt Ltd. President of Gokarna Golf Club Suhrid Ghimire gave away the prizes to the winners of the tournament. </div> <div> </div> <div> Top 30 players will compete over two rounds for the club championship in the month of November and December. Top three gross scorers will also qualify for the final medal rounds.</div> </div> <p> </p>', 'published' => true, 'created' => '2013-08-20', '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' => 'Rabindra Man Shrestha has won the Surya Nepal Gokarna Monthly Medal played at Gokarna Golf Club on Saturday.', 'sortorder' => '1526', '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' => '1664', 'article_category_id' => '152', 'title' => 'Focus Briefs (19 - 25 August 2013)', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong><span style="font-size:14px;">The Campus of International Languages (CIL)</span></strong></div> <div> The Campus of International Languages (CIL) is the only language teaching campus in Nepal under Tribhuvan University (TU), which is considered as one of the oldest and highly regarded university in Nepal. This is the only campus in Kathmandu that teaches different languages. At present there are two language programs running in the campus — the Himalayan Language Program, which includes Nepali, Sanskrit, Newari and Tibetan and the Foreign Language Program. Now the college has classes in Italian, Russian, Spanish, French, German, and English. The college is also planning to introduce Danish, Arabic, Hebrew and Norwegian soon. The tuition fee for expatriate nationals is US $ 650 per year and 1600 NCR for six months.</div> <div> </div> <div> <strong><span style="font-size:14px;">Goethe Zentrum Kathmandu</span></strong></div> <div> <img alt="Goethe Zentrum Kathmandu (GZK)" src="/userfiles/images/goethe.jpg" style=" float: left; margin: 0px 10px 0px 0px;width: 100px; height: 111px;" />Goethe Zentrum Kathmandu (GZK) which is centrally located at Thapathali in Kathmandu is the official German language institute and partner of the German Foreign Office. Since 2001, the GZK is teaching the German language within the framework of the Cultural Cooperation agreed upon in 1982 by both Nepal and the Federal Republic of Germany. The institute also conducts language classes for tourist guides titled “Reiseleiter.” It was started in 1998 and it is provided only to license-holder guides every two years.</div> <div> </div> <div> </div> <div> <strong><span style="font-size:14px;">Alliance Française de Kathmandu (AF)</span></strong></div> <div> <img alt="Alliance Française de Kathmandu (AF)" src="/userfiles/images/afk.jpg" style=" float: left; margin: 0px 10px 0px 0px;width: 100px; height: 79px;" />Founded in Paris in 1883, the Alliance Française (AF) created a worldwide network of more than 1335 local associations established now in more than 140 countries. It started its institute in Nepal in 1994. The Alliance Française teaches French language by proposing French classes, aiming to promote the language and to spread the French and Francophone culture by organizing cultural events by enhancing the intercultural dialogue promoting cultural diversity. AF charges Rs 7,200 for a semester which is of around 2 month (48-hours). AF also offers Intensive Professional Class, a 40-hour French class for tourist guides twice a year during January-February and July-August. </div> <div> </div> <div> <strong><span style="font-size:14px;">Alta-Vista</span></strong></div> <div> <img alt="Alta-Vista ‘Spanish’ Language School in Nepal" src="/userfiles/images/alt.jpg" style=" float: left; margin: 0px 10px 0px 0px;width: 200px; height: 33px;" />Alta-Vista is the first and exclusive ‘Spanish’ Language School in Nepal and was founded in 2006 with a purpose of promotion of Spanish language and culture in Nepal. Alta-Vista has firmly established itself as a pioneer institute for Spanish Language courses. Centrally located in the heart of the educational hub – Putalisadak, it has been providing both knowledge and service par excellence with a team of highly qualified teachers. Alta-Vista offers various courses of Spanish language meeting demands of students from all walks of life.</div> <div> </div> <div> Alta-Vista charges Rs 5,000 for Basic Course, Rs 6,000 for Intermediate Course and 7,000 Advance course. And there is a course named ‘Intensive Course’ which is like Basic Private for which students pay Rs 300 per class.</div> <div> </div>', 'published' => true, 'created' => '2013-08-20', '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 Campus of International Languages (CIL) is the only language teaching campus in Nepal under Tribhuvan University (TU), which is considered as one of the oldest and highly regarded university in Nepal.', 'sortorder' => '1525', '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' => '1663', 'article_category_id' => '108', 'title' => 'Money Matters News In Brief', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong><span style="font-size:14px;">NRB Asked Capital Increment Plan</span></strong></div> <div> Nepal Rastra bank (NRB) has asked Banks and Financial Institutions (BFIs) to submit their plan to increase the paid-up capital as prescribed by NRB. The BFIs who have not increased their capital till mid-July 2013 to the minimum amount as prescribed, have to place the plan to NRB till Mid-Oct 2013. NRB issued such circular to all BFIs on August 11 (Sunday). As per this directive, commercial banks have to have a paid-up capital of Rs 2 billion and the national level development banks have to make it Rs 640 million. Similarly, the finance companies have to have a minimum of of Rs 200 million. </div> <div> </div> <div> </div> <div> <strong><span style="font-size:14px;">SEBON Inspects 30 Brokerage Companies</span></strong></div> <div> Securities Board of Nepal (SEBON) has inspected 30 brokerage companies after the complaint were filed against them. SEBON has inspected the detailed information regarding the buyers and sellers. Similarly, the on-site inspection also investigated matters related to anti-money laundering. The inspection has found that the brokers have been providing privilege to the larger investor than the smaller investors. Thus, they have been warned, not to repeat this behavior in future.</div> <div> </div> <div> </div> <div> <strong><span style="font-size:14px;">NBL Right Share Allotment </span></strong></div> <div> <img alt="Nepal Bank Limited (NBL)" src="/userfiles/images/nbl.jpg" style=" float: left; margin: 0px 10px 0px 0px;width: 100px; height: 81px;" />Nepal Bank Limited (NBL) has allotted 3,360,606 right shares to the shareholders. Out of this, 13,972,866 shares have been allotted to Government of Nepal and remaining 19,387,740 shares to the general public. This allotment is 92.17 percent of the right shares issued. The remaining unsubscribed right shares are to be auctioned.</div> <div> </div> <div> </div> <div> </div> <div> <strong><span style="font-size:14px;">EIC Resumes Operation</span></strong></div> <div> <img alt="Everest Insurance Company (EIC)" src="/userfiles/images/eic(1).jpg" style=" float: left; margin: 0px 10px 0px 0px;width: 100px; height: 49px;" />Everest Insurance Company (EIC) resumed its operation from Sunday August 11 after an understanding between management team and agitation employees. Earlier, the Insurance Board had refused to renew the company’s licence as it had found embezzlement on payment of claim worth Rs 40 million to Himalayan Snax made by company.</div> <div> </div> <div> </div> <div> <strong><span style="font-size:14px;">Merger between Best and Samsara</span></strong></div> <div> The merger between Best Remit UK and Samsara Remit UK took place on Wednesday, 14 August. After the merger the new remittance company will operate in the name of ‘Best Samsara Remit’. </div> <div> Presidents of Best Holding Bhimkrishna Udas and Samsara Nepal UK Rajaram Giri signed the agreement for the merger. </div> <div> </div> <div> </div> <div> <strong><span style="font-size:14px;">Mega Distributes Certificate</span></strong></div> <div> <img alt="Mega Bank Nepal Ltd" src="/userfiles/images/mega.jpg" style=" float: left; margin: 0px 10px 0px 0px;width: 100px; height: 49px;" />Mega Bank Nepal Ltd had started distributing share certificates to the allotted shareholders from August 12. </div> <div> </div> <div> </div> <div> <strong><span style="font-size:14px;">Mega goes Branchless at Aargakachi</span></strong></div> <div> Mega Bank has started branchless banking services at two locations of Aargakachi. The two places are Hansapur and Khiliji of Aargakachi. </div> <div> </div> <div> </div> <div> <strong><span style="font-size:14px;">NIBL at Bharahathawa</span></strong></div> <div> <img alt="Nepal Investment Bank Ltd (NIBL) " src="/userfiles/images/nibl(1).jpg" style=" float: left; margin: 0px 10px 0px 0px;width: 100px; height: 27px;" />Nepal Investment Bank Ltd (NIBL) has opened its 44th branch at Bharahathawa, Sarlahi. The branch was inaugurated by bank’s CEO Jyoti Prakash Pandey on August 15 (Thursday).</div> <div> </div> <div> </div> <div> <strong><span style="font-size:14px;">RMDC IPO Allotment</span></strong></div> <div> <img alt="" src="/userfiles/images/rmdc.jpg" style="float: left; margin: 0px 10px 0px 0px; width: 50px; height: 50px;" />Rural Microfinance Development Center (RMDC) Ltd has allotted its IPO on Thursday August 15. Though RMDC had issued 1,560,000 unit of shares, it had got applications for a total of 17,429,240 units. </div> <div> </div> <div> </div> <div> </div> <div> <strong><span style="font-size:14px;">GBIME at Hetuada</span></strong></div> <div> <img alt="Global IME Bank" src="/userfiles/images/gbime.jpg" style=" float: left; margin: 0px 10px 0px 0px;width: 100px; height: 21px;" />Global IME Bank has opened its 71st branch at Hetuada. The branch was inagurated by NPBC President Kush Kumar Joshi on Friday, August 16.</div> <div> </div>', 'published' => true, 'created' => '2013-08-19', 'modified' => '2013-08-20', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'Nepal Bank Limited (NBL) has allotted 3,360,606 right shares to the shareholders.', 'sortorder' => '1524', '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' => '1662', 'article_category_id' => '113', 'title' => 'US Dollar Exchange Rate At Local Market (12 -18 August 2013)', 'sub_title' => '', 'summary' => null, 'content' => '', 'published' => true, 'created' => '2013-08-19', 'modified' => '0000-00-00', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'US Dollar Exchange Rate At Local Market', 'sortorder' => '1523', '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' => '1661', 'article_category_id' => '112', 'title' => 'Weekly Gold And Silver Price ( 12 - 18 August 2013)', 'sub_title' => '', 'summary' => null, 'content' => '', 'published' => true, 'created' => '2013-08-19', 'modified' => '0000-00-00', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'Weekly Gold And Silver Price', 'sortorder' => '1522', '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' => '1660', 'article_category_id' => '110', 'title' => 'Top Ten Losers (12 -18 August 2013)', 'sub_title' => '', 'summary' => null, 'content' => '', 'published' => true, 'created' => '2013-08-19', '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' => '1521', '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' => '1659', 'article_category_id' => '111', 'title' => 'Top Ten Gainers (12 - 18 August 2013)', 'sub_title' => '', 'summary' => null, 'content' => '', 'published' => true, 'created' => '2013-08-19', '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' => '', 'sortorder' => '1520', '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' => '1658', 'article_category_id' => '109', 'title' => 'Industrialist Murarka Passes Away', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong>--By TC Correspondent</strong></div> <div> </div> <div> <img alt="Atmaram Murarka" src="/userfiles/images/murarka.jpg" style="float: right; margin: 0px 0px 0px 10px; width: 200px; height: 278px;" />Prominent industrialist Atmaram Murarka passed away in Kathmandu on August 14. He was 72.</div> <div> </div> <div> Murarka breathed his last at Norvic Hospital on Wednesday morning. He was admitted to the hospital a week ago and was diagnosed of respiratory and heart ailments and high blood pressure. He is survived by his wife, two sons and three daughters.</div> <div> </div> <div> His youngest son Pashupati Murarka is currently the vice-president of Federation of Nepalese Chambers of Commerce and Industry (FNCCI) and handles the Murarka Organization founded by late Murarka.</div> <div> </div> <div> The Murarka Organization has over a dozen industries, including Pashupati Paints. The organization has business interest in hydro sector, rolling mills, cement factory, vegetable ghee, oil, GI wire and banks, among others.</div> <div> </div> <div> Late Murarka served in the executive committee of FNCCI for two terms. He also became the vice-president of FNCCI in 1997.</div> <div> </div> <div> FNCCI President Suraj Vaidya covered Murarka´s body with FNCCI´s flag before the last rites. Issuing a press statement, FNCCI expressed deep sorrow on the death of Murarka.</div> <div> </div>', 'published' => true, 'created' => '2013-08-19', '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' => 'Prominent industrialist Atmaram Murarka passed away in Kathmandu on August 14. He was 72.', 'sortorder' => '1519', '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' => '1657', 'article_category_id' => '109', 'title' => 'Nepse At 540', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> <strong>--By Rashesh Vaidya</strong></div> <div> </div> <div> Nepse index declined by 3 points during previous week. It had closed 539.44 on Sunday, 11thAugust (the first trading day of the week) and reached 536.45 at the close of Thursday, 17th August (the last trading day of the week). The market floor was open for five days.</div> <div> </div> <div> In the week, the hotel sub-index decreased the highest by 21.21 points closing at 646.23 points. There was decline in the share prices of Soaltee Hotel Ltd by Rs7 per share during the week closing at Rs 270. There was no change in trading sub-index. </div> <div> </div> <div> There was a heavy increment45.43 points in the insurance sub-index closing at 1177.83. The reason behind the bullish trend in this sub-index is the of capital increment plan being implemented for both the life and non-life insurance companies. </div> <div> </div> <div> Shares of 137 companies were traded at Nepse during the week through 9,045 transactions amounting to Rs 725,263,390. </div> <div> The share price of 53 companies increased, while 49 companies declined and the share price of 32 companies remained unchanged.</div> <div> </div> <div> The transaction amount of the week is 7.27 percent higher than that of earlier week. The total number of scrips traded was 2,625,010 which is 46,920 higher than that of earlier week.</div> <div> </div> <div> Global IME Bank topped the list in terms of transaction amount (Rs 82,927,000) as well as in number of scrips traded (647,870) during the week. </div> <div> </div> <div> Commerz and Trust Bank Nepal was at the top on the basis of the number of transactions (993). </div> <div> </div> <div> Similarly, a total of 49,010,676 bonus shares of seven companies were listed during a week.</div> <div> </div> <div> <img alt="Sectors" src="/userfiles/images/SECTORS.jpg" style="width: 500px; height: 137px;" /></div> <div> <hr /> <div> <strong><span style="font-size:14px;">Nepse on Sunday</span></strong></div> <div> Nepse Index closed at 540.47 points on Sunday (August 18). The index increased by 4.09 points from the Thursday (August 16) close. All the sector sub-indices except development banks sub-index saw increment during the day. Development Bank sub-index dropped by 0.62 points closing at 273.62 points. Total of 591,977 shares was traded from 1910 transactions during a day. The stock ‘SHINE’ has been resumed on Sunday after successfully merger between Shine Development Bank and Resunga Development Bank trading at Rs 292 per share.</div> </div>', 'published' => true, 'created' => '2013-08-19', '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' => 'Nepse index declined by 3 points during previous week', 'sortorder' => '1518', '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' => '1656', 'article_category_id' => '157', 'title' => 'Annapurna For Oenophiles', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> --By Sujan Tiwari</div> <div> <div> </div> <div> Hotel Annapurna, in its pursuit of providing better services and facilities to its customers, has introduced a new collection of fine wines from around the world. The Hotel has recently introduced new range of classic wines from France, Chile, New Zealand and Australia among other countries. To familiarize its customers with the new wine assortment, Annapurna Organized a Wine Appreciation programme on Tuesday evening. </div> <div> </div> <div> According to Deepeksha B Rana, Food and Beverage Manager at Annapurna, this new collection is a part of Hotel’s endeavour to upgrade its services. “With this new collection, we have all sorts of wines in our inventory, from expensive to mediocre ones. The range of wines is such that it can be enjoyed by people from all classes and all walks of life,” says Rana. He also informed that the new wine range is targeted to expatriates, NRNs and young professional who especially have a taste for fine wines. </div> <div> </div> <div> Four of the Jacob’s Creek wines from the collection were offered to the guests in the programme. A certified Wine Professional provided those present with a detailed guidance on how to discover the real taste of wine, and wine and food pairing. The guests were informed about the five S’s of wine tasting, namely see, swirl, smell, sip and savour. First on the list was Classic Chardonnay. It had the aromas of citrus and other fruits with hints of oak. The medium bodied softly acidic wine is the type that goes well with fish, chicken and similar dishes. The chardonnay was followed by Shiraz Rose, a medium bodied wine with raspberry and cherry flavours. </div> <div> </div> <div> Next was Classic Merlot that had aromas of cherry and red currant. The medium bodied dry wine is a perfect accompaniment for pasta and cheese dishes. The wine tasting was concluded with Shiraz Cabernet. The medium bodies wine had flavours of black cherry, plum and cloves with hints of pepper on the palate. Red meat dishes, pizzas and tomato based dishes go very well with this wine. </div> <div> </div> <div> Apart from these, Annapurna boasts of numerous red wines, white wines, rose wine, sparkling wine and champagnes. The price of the wines range from Rs 2,100 to Rs 35,000 per bottle, suiting every pocket. According to Rana, the wine collection can be enjoyed at Juneli Bar, Arniko Room, Ghar-e-kabab and even at The Coffee Shop of the Hotel. Hotel Annapurna could be your next destination if you are a wine connoisseur or just enjoy a glass every now and then. </div> </div> <p> </p>', 'published' => true, 'created' => '2013-08-19', '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' => 'Hotel Annapurna has recently introduced new range of classic wines from France, Chile, New Zealand and Australia among other countries.', 'sortorder' => '1517', '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' => '1655', 'article_category_id' => '153', 'title' => 'Foreign Language Skills Will Drive The Next BPO Boom', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> <strong>--By Sujit Nath</strong></div> <div> </div> <div> The world is shrinking beyond our imagination and unlike few years back more and more Nepali students and professional are now going abroad and opting for foreign language skills to enhance their portfolio.</div> <div> </div> <div> Businesses are expanding speedily and reaching even distant corners of the globe. Rapid changes are occurring in the way business transactions are conducted. Boundaries – physical and linguistic – are hence being naturally broken. </div> <div> </div> <div> Globalisation has brought countries closer to each other, and there is now increased interaction between them. In such a scenario, knowledge of a foreign language shall go a long way in enabling improved communication and understanding.</div> <div> </div> <div> To attract more students many institutions are getting associated with coveted institutes such as Max Mueller, Alliance Francaise to ensure the holistic development of the students in terms of languages, which will help them in shaping their career in future.</div> <div> </div> <div> We all know that the best age for a child to pick up a foreign language is when he or she has attained an age of 6-8 years. But with working parents it is not always possible for them to go to such language schools. This is because of the time and budget constraints of their parents. Therefore, many of them are offering customised course classes to suit the timing and budget.</div> <div> </div> <div> A senior executive of Mafoi, a leading Indian placement agency that works for most Fortune 500 companies, says, “Our clients have BPO assignment deals not only from France and Germany, but also from Belgium, Netherlands and other countries where these two languages are spoken. Speaking in their language gives confidence in the minds of the foreign clients with regard to their overseas BPOs for it shows that they are well-equipped to handle foreign business. This also helps in building personal rapport for knowledge of a common language, which definitely helps break communication barriers”.</div> <div> </div> <div> On the context of students or professional from Nepal, she said, “I have interviewed many girls from Nepal who has earned expertise in foreign language and doing quite well in USA, UK, Germany and Spain. Most of them were good at Spanish, French and German”.</div> <div> </div> <div> She feels that Nepal has a great potential and especially the youths, who are talented enough to take up any challenges abroad. “They are a good professional,” she said.</div> <div> </div> <div> Mainak Sen, who stayed in Nepal for long time and settled in Germany, said, “In my college days in Nepal, learning foreign language was not so popular. But I learned the language, which helped me a lot in mingle with the local culture in Germany and my profession. I have many friends in Nepal whose children prefer to learn atleast one foreign language as per their future career plan”.</div> <div> </div> <div> Jackson Subedi, Director of Alta Vista, exclusive Spanish Language School in Nepal which was founded in 2006, said, “In this fast changing global scenario language skills, and particularly the knowledge of European languages, provide a great advantage to youngsters seeking career opportunities in the ever shrinking and increasingly globalised new world order”.</div> <div> </div> <div> It is not only the love and thrill of learning a foreign language alone that brings these youngsters at these foreign language teaching institutes. They are there because they feel that knowledge of a foreign language other than Nepali and English will give them a passport to a whole new world of opportunities and career options, where their language skills will count a lot. </div> <div> </div> <div> For instance, Prasanna, who learned Spanish in Nepal, believes that his knowledge of the Spanish language will come in handy not just in Spain, but also in USA and Latin America — where this language is extensively used. “The language helped in enhancing my portfolio,” he said.</div> <div> </div> <div> Interestingly, according to Jackson, the Director of Alta Vista, there are students who wants to learn the foreign language to become tourist guide, which they feel is another sector which is booming every day.</div> <div> </div> <div> But how will knowing a foreign language help them in their careers? </div> <div> </div> <div> </div> <div> </div> <div> The focus on creating a personalised business environment has meant that even professionally qualified people feel the need to upgrade their qualifications to stay competitive in the employment race. Multinationals, IT companies and BPOs in the country not only look for people with required technical qualifications but also those with linguistic skills.</div> <div> </div> <div> “Learning Foreign language does make a difference and candidates knowing Spanish, French or German are definitely at an advantage during recruitment. But I personally feel that in Nepal the demand for learning Spanish is higher among the Nepali students”, says Anup Satyal, a well known Spanish language teacher in Nepal.</div> <div> However, some students are opting for Germany because the their education is bit cheaper and widely spoken in Austria, part of Switzerland and in most East European countries such as Poland, the Czech republic, Hungary etc. But there is a significant number who also think it shall be very useful, in terms of their career even in India.</div> <div> </div> <div> There is an increasing demand for linguistically skilled people even for interpretation and translation of technical documents, transactions and e-mails. Some opt for multiple foreign languages, for wider look in other countries to get more opportunities.</div> <div> </div> <div> Another factor for Nepali students opting for multiple foreign languages the USA is no longer the only preferred destination, as several youngsters as seek employment in Europe. There are also many who seek employment in countries such as Canada (Canadian immigration authorities insist on a French language certificate), and in the once-French and German colonies of Africa, where knowledge of French and/or German is extremely beneficial.</div> <div> </div> <div> In coming years youngsters from Nepal will shine more in other countries and proved to a great workforce.</div>', 'published' => true, 'created' => '2013-08-19', '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 world is shrinking beyond our imagination and unlike few years back more and more Nepali students and professional are now going abroad and opting for foreign language skills to enhance their portfolio.', 'sortorder' => '1516', '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
