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With this, the promoter’s shares in these banks will be 51 percent while the remaining 49 percent will be public shares. These seven banks are NB Bank, NCC Bank, NMB Bank, Kumari Bank, Siddhartha Bank, Sanima Bank and NIC Asia Bank. </div> <div> </div> <div> The central bank allows promoters to offload their shares and turn them into ordinary shares after the lock-in period of five years is over and if the annual general meeting of the respective financial institution endorses the decision to increase public equity in the institution. </div> <div> According to Sebon's Security Registration and Issue Regulation 2064, these promoter shares are to be converted to public shares through the process of offer documents as is followed during an initial public offering.</div>', 'published' => true, 'created' => '2013-08-12', '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 share holding structure of seven commercial banks has been changed. With this, the promoter’s shares in these banks will be 51 percent while the remaining 49 percent will be public shares.', 'sortorder' => '1485', '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' => '1623', 'article_category_id' => '109', 'title' => 'ICS, Nepal Delivers Technology To AHCX, Malawi', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> AHL Commodities Exchange Ltd (AHCX), Malawi's first commodity exchange has successfully started live operations from August 6 in Malawi using exchange technology provided by Inter Continental Systems (ICS), Nepal. AHCX is a newly formed commodity exchange in Malawi with the primary objective of providing efficient market place for different kinds of agricultural commodities,with motto of betterment of Malawian agricultural economy and ecosystem. </div> <div> </div> <div> ICS delivered seamless technology solutions to AHCX for their Electronic Warehouse & Collateral Management System,Client & Membership Management System, Quality Grading & Certification ,Trading Operations System, Risk Management & Surveillance System, Clearing & Settlement System and Market Information System </div> <div> </div> <div> On an occasion, Santosh Pradhan, CEO, ICS, stated selection by AHCX fully illustrates the breadth of ICSs' capabilities with the provision of exchange, trading, & risk management technology. </div> <div> </div> <div> Similarly, ERD Matabwa, Chairman , AHCX Board, opined that AHCX selected ICS after a thorough and extensive bid review of many vendors on the market. ICS demonstrated its capability to deliver the solution to their utmost satisfaction.</div>', 'published' => true, 'created' => '2013-08-12', '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' => 'AHL Commodities Exchange Ltd (AHCX), Malawi's first commodity exchange has successfully started live operations from August 6 in Malawi using exchange technology provided by Inter Continental Systems (ICS), Nepal.', 'sortorder' => '1484', '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' => '1622', 'article_category_id' => '150', 'title' => 'Business Briefs (12 - 18 August 2013)', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong><span style="font-size:14px;"><img alt="Mahindra Showroom at Chuchhepati" src="/userfiles/images/mahindara.jpg" style=" float: left; margin: 0px 10px 0px 0px;width: 150px; height: 75px;" />Mahindra Showroom at Chuchhepati </span></strong></div> <div> SG Global Pvt Ltd, the Authorized Distributor of Mahindra two-wheelers in Nepal has opened a new showroom in Chuchhepati, Chabahil. The new showroom located will have on display the entire range of 125cc scooters Rodeo RZ, Duro DZ, Flyte and motorcycles 110cc Centuro and Pantero. The spacious showroom is aesthetically designed to offer best convenience and experience to customers, says a press release. </div> <div> </div> <div> <strong><span style="font-size:14px;"><img alt="New Ncell Centre in Rajbiraj " src="/userfiles/images/ncellcenter.jpg" style=" float: left; margin: 0px 10px 0px 0px;width: 150px; height: 95px;" />New Ncell Centre in Rajbiraj </span></strong></div> <div> Ncell inaugurated new Ncell Centre in Neta Chowk, Rajbiraj. Ncell’s Legal and Government Liaison Director Kamal Khanal and Customer Relations Director Soma Thapa jointly inaugurated the Centre. From the centre, Ncell subscribers can avail services such as SIM exchange, GPRS, MMS, settings, international roaming, call details, balance transfer, bill payments, corporate services, blackberry service, and change of ownership, among others. </div> <div> </div> <div> <strong><span style="font-size:14px;"><img alt="Toshiba P2300" src="/userfiles/images/toshiba.jpg" style=" float: left; margin: 0px 10px 0px 0px;width: 150px; height: 116px;" />Toshiba P2300 in the Nepali Market </span></strong></div> <div> EOL Pvt Ltd has launched Toshiba P2300 LED Power TV in the market. According to the company, the TV is explicitly developed to meet the needs and requirements of Asian market. According to a press release, the TV offers intuitive operation and enhanced viewer satisfaction, and comes with better picture, sound and connectivity. The TV delivers the best viewing experience and sharpens and brightens sports and action scenes by balancing and optimizing the combined performance of the TV panel, video processing and backlight technology, says the release. </div> <div> </div> <div> <strong><span style="font-size:14px;"><img alt="Malee Juice" src="/userfiles/images/malee.jpg" style=" float: left; margin: 0px 10px 0px 0px;width: 150px; height: 116px;" />Malee Juice in Nepal </span></strong></div> <div> Thailand’s renowned Malee juice is now available in the Nepali market. The juice comes in Orange, Apple, Grape, Pineapple, Guava, Pomegranate, Carrot, Tomato, Mixed Fruit and Mixed Vegetables falavours, and is available in major shopping malls of Nepal. The juice has been launched with the punch line ‘Fruit with Care’. </div> <div> </div> <div> </div> <div> <strong><span style="font-size:14px;">Kaspersky’s New Antivirus and Internet Security </span></strong></div> <div> Sagar Software and Traders, the sole authorized distributor of Kaspersky products for Nepal has launched Kaspersky Antivirus 2014 and Kaspersky Internet Security 2014 in the market. According to the company, the products are the latest versions of proven security solutions for home users.</div> <div> </div>', 'published' => true, 'created' => '2013-08-12', 'modified' => '2013-08-12', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'SG Global Pvt Ltd, the Authorized Distributor of Mahindra two-wheelers in Nepal has opened a new showroom in Chuchhepati, Chabahil.', 'sortorder' => '1483', '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' => '1621', 'article_category_id' => '149', 'title' => 'Going From Strength To Strength', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> <strong>--By Suraksha Adhikari</strong></div> <div> </div> <table align="right" border="0" cellpadding="1" cellspacing="1"> <tbody> <tr> <td> <img alt="Bhaskar Munankarmi, Assistant Manager, Him Electronics Pvt Ltd" src="/userfiles/images/bhaskar(1).jpg" style="width: 175px; height: 185px;" /></td> </tr> <tr> <td style="text-align: center;"> <div> <strong>Bhaskar Munankarmi</strong></div> <div> <em>Assistant Manager</em></div> <div> <em>Him Electronics Pvt Ltd</em></div> </td> </tr> </tbody> </table> <div> Him Electronics Pvt Ltd was established in 1988 as a Consumer Electronics (CE) distributor in Nepal. A sister-concern of the Golchha Organisation, it is today the largest dealership and manufacturer of consumer electronics in the country. The company was established with the technical assistance of Sanyo Electrical Co Ltd and the Himstar brand was subsequently introduced with black and white televisions. Since then, the range of products offered by the brand has grown to cover some home appliances as well. </div> <div> </div> <div> The brand name ‘Himstar’ was kept so as to keep uniform and associated with the company Him Electronics Pvt Ltd. “The logo has a star in it, combined with yellow, black and white colours which are quite visible and justifies our motto of creating brand visibility,” says Bhaskar Munankarmi, Assistant Manager at Him Electronics Pvt Ltd. </div> <div> </div> <div> In the initial phase, the company focused on electric products like CFL, after which it gradually shifted to consumer electronics. “We have a variety of products and they are popular not just due to our reasonable price but also for our prompt service, after sales facility and best quality material,” claims Munankarmi. </div> <div> </div> <div> With more than 250 employees at present, the company’s popularity has risen gradually. “This has not been an overnight success - our patience and hard work has led us to our present position.” </div> <div> </div> <div> Him Electronics did not have a strong dealership network to begin with and had fewer portfolios in the market but it strengthened its network and added goods which led it to become a recognised brand. “Ever since the establishment of the company, continued effort was put in to provide better, efficient and prompt after sales service which has reinstated the service motive stronger than before,” Munankarmi explains. </div> <div> </div> <div> Initially focusing on the production of televisions, the company expanded its service to the production of electronic products keeping in mind the increasing requirements of customers today. This helped widen its scope and popularity in the last two decades. The company’s products were targeted to a middle class market that desired quality products at an affordable price, and it claims that it is the most affordable brand with good quality for middle class consumers. </div> <div> </div> <div> With 250 employees and 300 dealers across the country, the company is currently providing its services in Birtamod, Itahari, Biratnagar, Lahan, Janakpur, Birgunj, Narayanghat, Butwal, Pokhara, Dang, Nepalgunj and Dhangadi besides the Kathmandu Valley. “We have not planned to enter the international market as currently our focus is to cover the national market successfully,” states Munankarmi. </div> <div> </div> <div> With a strong market presence despite tough competition, the Himstar group believes that it has proven that brand issues come second to quality. “Despite well established competitors including CG, Videocon, Sony and Whirlpool, our quality products have maintained a good name in the mind of the consumer,” says Munankarmi. </div> <div> </div> <div> Himstar’s market share is approximately 18 per cent but the company aims to increase the number to 25 per cent in upcoming years for which a range of products are being marketed aggressively, according to Munankarmi. </div> <div> </div> <div> The list so far includes televisions, audio/video systems, refrigerators, washing machines, air conditioners, vacuum cleaners, microwave ovens, wrist watches, CFLs, circuit breakers and more. Along with these, the company is planning to provide a complete package of home appliances as they are preparing to penetrate the upper middle class market by tailoring its products according to demand. </div> <div> </div> <div> Focusing on strengthening its brand to enter this new turf, Him Electronics continues to maintain an incremental rate of profit of 20-25 per cent each year as a key part of its market strategy.</div>', 'published' => true, 'created' => '2013-08-12', 'modified' => '2013-08-12', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'Him Electronics Pvt Ltd was established in 1988 as a Consumer Electronics (CE) distributor in Nepal. A sister-concern of the Golchha Organisation, it is today the largest dealership and manufacturer of consumer electronics in the country.', 'sortorder' => '1482', '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' => '1620', 'article_category_id' => '115', 'title' => 'Lifestyle And Technology Tech Briefs (12 - 18 August 2013)', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong><span style="font-size:14px;"><img alt="Desmond Tutu" src="/userfiles/images/tutu.jpg" style=" float: left; margin: 0px 10px 0px 0px;width: 150px; height: 115px;" />Twitter Blocks Desmond Tutu’s Account </span></strong></div> <div> Nobel Peace Prize winner Desmond Tutu had his Twitter account suspended on Thursday for “aggressively following” other users, just hours after it was launched. The ex-archbishop’s @ TutuLegacy account racked up hundreds of followers in its first hours of use. “Some have described Twitter as a blessing in the hands of retired members of the clergy. There is no space to ramble,” Tutu tweeted before his account was blocked. His foundation expressed dismay at the decision. “Twitter has not explained how following 30 people could be construed as ‘aggressive following’,” it said in a statement. The foundation suggested “the number of people who followed @ TutuLegacy in a short space of time,” may have also been to blame. </div> <div> </div> <div> <strong><span style="font-size:14px;"><img alt="The New York Times" src="/userfiles/images/nytimes.jpg" style=" float: left; margin: 0px 10px 0px 0px;width: 150px; height: 100px;" />The New York Times not for Sale’ </span></strong></div> <div> The New York Times is not for sale, its publisher assured readers and staff on Thursday, less than a week after two other high-profile deals have shaken up the US newspaper industry. “Will our family seek to sell The Times? The answer to that is no,” said Arthur Sulzberger Jr., who also acts as chairman of the New York Times Co., in an email to employees. “The Times is not for sale, and the trustees of the Ochs- Sulzberger Trust and the rest of the family are united in our commitment to work together with the company’s board, senior management and employees to lead The New York Times forward into our global and digital future,” he said. </div> <div> </div> <div> <strong><span style="font-size:14px;"><img alt="Like" src="/userfiles/images/like.jpg" style=" float: left; margin: 0px 10px 0px 0px;width: 150px; height: 113px;" />Internet study finds the persuasive power of ‘Like’ </span></strong></div> <div> If you “like” this article on a site like Facebook, somebody who reads it is more likely to approve of it, even if the reporting and writing are not all that great. But surprisingly, an unfair negative reaction will not spur others to dislike the article. Instead, a thumbs-down view will soon be counteracted by thumbs up from other readers. Those are the implications of new research looking at the behavior of thousands of people reading online comments, scientists reported on Friday in the journal Science. </div> <div> </div> <div> <strong><span style="font-size:14px;"><img alt="LG G2 PHONE" src="/userfiles/images/lg(1).jpg" style=" float: left; margin: 0px 10px 0px 0px;width: 150px; height: 210px;" />LG Launches New Smartphone </span></strong></div> <div> LG on Wednesday announced G2, its new flagship Android phone. The device, which will be available gradually introduced in various markets worldwide in the coming months. The key feature of G2 is its placement of power and volume buttons. Unlike the traditional smartphones, G2 has these buttons under the main camera module on the back cover. According to LG, the “rear key” concept was implemented because it found that users feel uncomfortable in reaching out to side buttons while using big phones. </div> <div> </div> <div> <span style="font-size:14px;"><em>Key specs </em></span></div> <div> <em>Processor: 2.26GHz quad-core Qualcomm S800 Display: 5.2-inch FullHD IPS (1080 x 1920 pixels/423 ppi) Memory: 32GB/16GB RAM: 2GB DDR3 Camera: Rear 13MP with OIS/Front 2.1MP Battery: 3,000mAh Operating System: Android Jelly Bean 4.2.2 Size: 138.5 x 70.9 x 8.9mm Colors: Black/White</em></div>', 'published' => true, 'created' => '2013-08-12', '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' => 'Nobel Peace Prize winner Desmond Tutu had his Twitter account suspended on Thursday for “aggressively following” other users, just hours after it was launched.', 'sortorder' => '1481', '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' => '1619', 'article_category_id' => '159', 'title' => 'A Focused Workaholic', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong>--By Suraksha Adhikari</strong></div> <div> </div> <table align="right" border="0" cellpadding="1" cellspacing="1"> <tbody> <tr> <td> <img alt="Amit Gorkhali, Executive Director of Blitz Media Pvt Ltd" src="/userfiles/images/amit%20gorkhalo.jpg" style="width: 175px; height: 213px;" /></td> </tr> <tr> <td style="text-align: center;"> <div> <strong>Amit Gorkhali </strong></div> <div> <em>Executive Director</em></div> <div> <em>Blitz Media Pvt Ltd</em></div> </td> </tr> </tbody> </table> <div> Work-life balance is a challenge each individual takes upon differently. Amit Gorkhali, Executive Director of Blitz Media Pvt Ltd does not believe in balancing the two on an even scale at all times. “What we need is to work out our priorities where work takes precedence some days and family life on others,” says he. </div> <div> </div> <div> Prioritising work mostly, Gorkhali believes that this phase of his life is all about strategising and working hard to establish his career. A workaholic by nature, Gorkhali admits that he spends non-working hours watching television and surfing the internet. </div> <div> </div> <div> A day’s outing in the weekends is usually enough to help him unwind from the week before “I love to stroll around and admire my surroundings,” says the busy professional, otherwise a travel enthusiast. “I really want to go to Manang and Mustang but I am waiting for the right time when my inner voice pushes me to visit these places.” </div> <div> </div> <div> When Gorkhali has a long vacation, he prefers to go out of the country - to Malaysia, South Africa, Portugal and Spain. “These are beautiful countries to find rest and internal satisfaction in,” he shares. </div> <div> </div> <div> Gorkhali has a small circle of close friends who try to meet once every two months as a group. An avid sports lover, Gorkhali says he loves watching sports over playing them in real, and that his favourites include cricket, football, golf and basketball. </div> <div> </div> <div> Contrary to his profession, Gorkhali does not use social networking sites personally. “Being in the advertising industry, you would think I would really be into social networking, but these never appealed to me. I love to live my own life and keep it away from the prying eyes of the world,” he admitted. </div> <div> </div> <div> With a busy schedule, Gorkhali does not have much time for leisure but luckily his close friends are involved in the same business as him. “I don’t have to make plans to meet them as we all work together and it is a great feeling when your close mate is just a walk away from you,” he shares.</div> <div> </div>', 'published' => true, 'created' => '2013-08-12', 'modified' => '2013-08-12', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'Work-life balance is a challenge each individual takes upon differently. Amit Gorkhali, Executive Director of Blitz Media Pvt Ltd does not believe in balancing the two on an even scale at all times.', 'sortorder' => '1480', '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' => '1618', 'article_category_id' => '116', 'title' => 'Apple Wins Patent Case Against Samsung', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> Some older SamsungElectronics Co mobile devices face a sales and import ban in the United States after a US trade panel ruled for Apple Inc. in a high-profile patent infringement case. </div> <div> </div> <div> The U.S. International Trade Commission on Friday ruled that South Korea’s Samsung infringes on portions of two Apple Inc patents on digital mobile devices, covering the detection of headphone jacks and operation of touchscreens. The decision is likely to inflame passions in the long-running dispute and could spark a rebuke from South Korea. The panel moved to prohibit Samsung from importing, selling and distributing devices in the United States that infringe on certain claims on the patents. It is unclear how many Samsung phones and devices would be subject to the ban.All exclusion orders are sent to President Barack Obama, who has 60 days to review them. If he does not veto the order, it will go into effect.</div>', 'published' => true, 'created' => '2013-08-12', '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' => 'Some older SamsungElectronics Co mobile devices face a sales and import ban in the United States after a US trade panel ruled for Apple Inc. in a high-profile patent infringement case.', 'sortorder' => '1479', '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' => '1617', 'article_category_id' => '116', 'title' => 'Volkswagen Celebrates 1000th Car Sale', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> <strong>--By TC Correspondent</strong></div> <div> </div> <div> Pooja International Nepal, Authorized importer of Volkswagen organised a programme in its Lazimpat showroom on August 9 to celebrate the sale of 1000th Volkswagen in Nepal. Henning Hansen, First Secretary, Chargé d’Affaires, German Embassy Kathmandu was the chief guest for the programme. He handed over the car key to the 1000th owner of Volkswagen New Passat. </div> <div> </div> <div> Bibek Bijukchhe, Chief Executive Officer of Pooja International Nepal said in the programme that it was a great achievement that VW has been able to compete in mass segment while being known for its superior built quality. “It’s the brand, man, machine and network which helped us to be in the hearts of Nepali customers in just around three years,” said Bijukchhe. </div> <div> </div> <div> “We not only sold 1000 Volkswagens but we are market leader in almost all the segments like sedan, hatchback and SUV. In the fiscal year 2070/71 alone, we have target to deliver 800 cars nationwide,” said Sarik Bogati, Marketing Manager at Pooja International. </div> <div> </div> <div> Volkswagen is coming up with fresh 2013 models of cars and is also planning to launch new variant of Polo during the upcoming NADA auto show. The company will also bring attractive schemes during the show.</div> <div> </div>', 'published' => true, 'created' => '2013-08-12', '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' => 'Pooja International Nepal, Authorized importer of Volkswagen organised a programme in its Lazimpat showroom on August 9 to celebrate the sale of 1000th Volkswagen in Nepal.', 'sortorder' => '1478', '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' => '1616', 'article_category_id' => '100', 'title' => 'Tourism Briefs (12 -18 August 2013)', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong><span style="font-size:14px;"><img alt="IATO Convention" src="/userfiles/images/IATO.jpg" style=" float: left; margin: 0px 10px 0px 0px;width: 100px; height: 73px;" />IATO Convention to Be Held in Kochi</span></strong></div> <div> The 29th annual convention on the Indian Association of Tour Operators in Kochi, Kerala next month will focus on innovation. The annual convention held at the Le Meridien Hotel from 8-11 September 2013 will be held under the theme ‘Tourism – Innovation and Partnership. Lally Mathews, co-chairman of the convention told Travel Daily that Social Media will have a special focus at the convention with foreign experts giving an insight at the business session. “Business sessions will also be held on crisis management and safety of tourists,” said Mathews. (Traveldailymedia.com)</div> <div> </div> <div> <span style="font-size:14px;"><strong>A New Asian Airline Launched</strong></span></div> <div> A new Asian airline is launched at Bangkok’s Suvarnabhumi Airport. Asia Atlantic Airlines will initially offer flights to Tokyo and Osaka with two Boeing 767-300ER aircrafts. It has further plans to launch flights from the Thailand airport to China, South Korea, Guam and Hawaii. The airline has been set up by Japan-based H.I.S Group and Thailand’s Baiyoke Group and aims to become a “dynamic new force” in Asia’s airline industry. Its customers will have access to a lounge dedicated immigration counters at Suvarnabhumi Airport. (Traveldailymedia.com) </div> <div> </div> <div> <strong><span style="font-size:14px;">Business Travel Spending to Grow Globally</span></strong></div> <div> Global business travel spending is expected to rise throughout 2013 and continue its ascent over the next several years, according to the latest installment of the GBTA BTI Outlook – Annual Global Report & Forecast, sponsored by Visa, Inc. Global spending on business travel is forecast to reach $1.12 trillion in 2013, a 5.4 per cent increase from 2012, with travel spend stabilizing after a year rocked by worldwide economic and political uncertainty. Steady business travel spending in the second half of 2013 is expected to lay the foundation for 8.2 per cent growth in 2014, followed by 7.6 per cent, 7.2 per cent and 7.1 per cent growth in 2015, 2016 and 2017 respectively. The report, which details travel spending in 75 countries, along with the top industries, economic factors and characteristics that influence business travel, finds that developing markets around the world – particularly countries in the Asia Pacific and Latin America regions - will permanently reshape the business travel landscape. (Traveldailynews.com)</div> <div> </div> <div> <strong><span style="font-size:14px;"><img alt="Ukraine - Cheapest Tourist Destination" src="/userfiles/images/Ukraine(1).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 100px;" />Ukraine - Cheapest Tourist Destination among UNWTO's Top 20 </span></strong></div> <div> On average, a tourist visiting Ukraine in 2012 spent little over USD 200. This is the absolute lowest among the 20 most popular tourist destinations, according to the UN World Tourism Organization. Rich historical heritage as well as the UEFA European Football Championship EURO 2012 attracted tourists to the Eastern European country. A total of 23 million tourists visited Ukraine in 2012 and spent USD 4.8 billion. Cultural wealth, the warmth of the people, and the fact that travelers can live large for under USD 50 a day lure the tourists in, reckons Christine Sarkis of Smarter Travel, popular tourism portal. In the website's rating Ukraine became number one destination to visit while it's still cheap. (Traveldailynews.com)</div> <div> </div>', 'published' => true, 'created' => '2013-08-12', '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 29th annual convention on the Indian Association of Tour Operators in Kochi, Kerala next month will focus on innovation.', 'sortorder' => '1477', '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' => '1615', 'article_category_id' => '99', 'title' => 'Radisson Gets New GM', 'sub_title' => '', 'summary' => null, 'content' => '<div> <img alt="Anil Malik" src="/userfiles/images/Anil%20Malik.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 125px; height: 73px;" />Anil Malik has joined Radisson Hotel Kathmandu as the new General Manager from 9th August 2013. Having 14 years of experience in hospitality industry, Malik was the General Manager of Country Inn and Suites by Carlson Haridwar from August 2012 till February 2013 before joining Radisson Hotel Kathmandu.</div> <div> </div>', 'published' => true, 'created' => '2013-08-12', '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' => 'Anil Malik has joined Radisson Hotel Kathmandu as the new General Manager from 9th August 2013.', 'sortorder' => '1476', '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' => '1614', 'article_category_id' => '99', 'title' => 'Tourism Festival In December', 'sub_title' => '', 'summary' => null, 'content' => '<div> Nepal National Business Association, Rupandehi is organising the National Commercial Business Festival as well as the Agriculture and Tourism festival, to be held from December 6 to 17 in Bhairhawa. Manish Kumar Joshi, President of the association said that there will be 300 stalls in the festival at a press conference. </div> <div> </div> <div> The festival would promote Lumbini as a tourist destination and would also help in the commercialisation of agriculture. “The festival will help market local handicraft products and develop Siddhartha Nagar as a tourism and industrial corridor.” Joshi added.</div> <div> </div> <div> Around three hundred thousand people are expected to visit the festival, according to the organizers, with a total cost amounting to Rs5.4 million approximately. The entry fee for students is Rs 30 per head and Rs 40 per head for adults. </div> <div> </div>', 'published' => true, 'created' => '2013-08-12', '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 National Business Association, Rupandehi is organising the National Commercial Business Festival as well as the Agriculture and Tourism festival, to be held from December 6 to 17 in Bhairhawa. Manish Kumar Joshi, President of the association said that there will be 300 stalls in the festival at a press conference.', 'sortorder' => '1475', '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' => '1613', 'article_category_id' => '99', 'title' => 'Momo Festival In Pokhara', 'sub_title' => '', 'summary' => null, 'content' => '<div> Momo festival 2070 is being held for the first time in Pokhara with an initiative by organisers from Trainers Nepal. The festival will be held at the Pokhara Mall, Prithvi Chowk on August 20-21. </div> <div> </div> <div> The festival will be offering 15 varieties of momos to visitors including chilly, green, fish, potato, sausage, kothey, Tibetan pork, chicken, mutton and vegetable momo. Organisers are confident of the success of the festival as momos are considered to be the most popular food across all age groups in Nepal. “The festival will also market Pokhara as a place that serves different flavours of momos,” says the president of the organising team. The festival is believed to be useful for the promotion of business in Pokhara. The total investment for the festival amounts to Rs 1.4 million. There would be 25 stalls in total and the festival will include some programmes for entertainment as well. </div>', 'published' => true, 'created' => '2013-08-12', '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' => 'Momo festival 2070 is being held for the first time in Pokhara with an initiative by organisers from Trainers Nepal. The festival will be held at the Pokhara Mall, Prithvi Chowk on August 20-21.', 'sortorder' => '1474', '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' => '1612', 'article_category_id' => '99', 'title' => 'Tranquility Spa: For Peace And Bliss', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> <strong>--By Sujan Tiwari</strong></div> <div> </div> <div> Tranquility Spa, the first Day Spa Centre in Nepal and the one to be recognized by Nepal Tourism Board, has been providing its services for six years now. The Spa is run by professionals having experience of 30 years in the industry. Bhuwan Phaiju, Chairman of Tranquility Spa has years of experience in providing spa services at 5 Star hotels in Nepal and abroad. “I have been working in the sector from the time when people knew nothing about spas. In recent days, people are becoming more aware of the health benefits of spa, and the number is ever increasing,” says Phaiju. </div> <div> </div> <div> When Phaiju first started his own spa, he was faced with a big problem as there were not many trained spa therapists and workers in Nepal. “When I advertised in the papers calling for spa therapists, we only got response from beauticians and barbers. Not a single therapist applied,” recalls Phaiju. To cope with the problem, he also established a spa training centre and started providing training. In this way, he produced the needed manpower for his Spa himself. Today, those trained from his training centre are working in numerous spas in Nepal and abroad as the demand for such therapists is very high. </div> <div> </div> <div> Tranquility Spa’s initial days were not easy ones. A lot of customers came, but with different expectations owing to the stigma attached with massage centres and spas. Phaiju said he spent a lot of time explaining to his customers the real meaning and benefits of spa. A few tried the services and they almost always returned, says he. Slowly the Spa gained popularity among foreigners and Nepalis as well. Today, Tranquillity Spa has already made a name for itself, and has its branches in Lazimpat, Thamel, Kupondole, Pokhara and in a few 5 star hotels. Almost 70 per cent of its customers are Nepalis, indicating that people are becoming interested in spa services. </div> <div> </div> <div> Spa, in its literal sense, means healing through water, and has been in practice since ancient Greek and Roman times. In plain words, the spa services use natural processes to heal any human ailments. Spa services are used around the world for its health benefits, rejuvenation and mental and physical healing. Though it started from bathing, now the spa services encompasses many aspects, like massage, Shirodhara, manicure, pedicure and many others. </div> <div> </div> <div> Tranquilty Spa uses natural healing techniques, Ayurveda and Amchi (Himalayan Herbs) to provide relief from illnesses, and improve the overall quality of life. The services offered here include Shirodhara, Ayurvedic massage, Deep Tissue massage, Spinal Massage, Hot Stone Therapy, Picu, Reflexology and Yoga among many others. The Spa also offers Sauna and Steam Bath and various beautification services like facial, body scrub, waxing, manicure and pedicure. </div> <div> </div> <div> According to Phaiju, the major benefit of using spa services is the improved blood circulation which in turn provides all other benefits. The improved blood circulation improves concentration, provides relaxation, detoxifies the body, improves immunity and increases the flow of oxygen in the body, claims Phaiju. “Spa is beneficial for all, and especially helps cure problems resulting from the busy urban lifestyle. Problems like anxiety, depression and hypertension get better by using our services,” says Phaiju. According to him, it is also beneficial for muscle and joint problems, uric acid, diabetes, migraine and almost all ailments. </div> <div> </div> <div> Tranquilty Spa charges foreigners and Nepalis differently, and Nepalis are offered services at relatively lower price. Services are offered depending upon customer’s choice and the problems they have. A visit to Tranquility Spa once could prove beneficial for both the robust and those with any ailments. Try once to let nature do the healing. </div> <div> </div> <div> <img alt="Tranquility Spa" src="/userfiles/images/tspa1.jpg" style="width: 300px; height: 181px;" /> <img alt="Tranquility Spa" src="/userfiles/images/tspa2.jpg" style="width: 202px; height: 181px;" /></div>', 'published' => true, 'created' => '2013-08-12', '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' => 'Tranquility Spa, the first Day Spa Centre in Nepal and the one to be recognized by Nepal Tourism Board, has been providing its services for six years now.', 'sortorder' => '1473', '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' => '1611', 'article_category_id' => '152', 'title' => 'Focus Briefs (12 - 18 August 2013)', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong><span style="font-size:14px;">LA Splash </span></strong></div> <div> B-Facto International Pvt Ltd introduced cosmetics brand LA Splash for the first time in Nepal. LA Splash, a division of John Davler, is a US based cosmetics brand which has been selling cosmetic products in around 35 countries since 1996. LA Splash has a huge cosmetics range, from products for eyes, lips, face and nails to primers, glitters and accessories. The cosmetics come in a variety of vibrant and trendy colors and shades, making it especially appealing to teenagers. Besides the shades and colours that appeal to youth, LA Splash also has a wide range of mineral based cosmetics, especially designed for women. The range offered is large enough to cater to the needs of women from any age group. LA Splash is reasonably priced and before introducing LA Splash in Nepal, the company conducted a survey to understand the marketability aspect among other factors. B-Facto International also offers free makeup trials in Civil Mall, Sundhara on the same floor as its showroom.</div> <div> </div> <div> <strong><span style="font-size:14px;">Mac Personal Care </span></strong></div> <div> Cosmetics products from Mac Personal Care Industry include cleansing milk, moisturiser, face wash, ginger shampoo and others. Birat Trading is the authorised distributor of the company in Nepal. Of the 65 different products, 53 items are being currently marketed in Nepal. The India based company claims it uses herbal extracts to manufacture the products, which is the main aspect of their product with the slogan “Truly Natural”. Besides India and Nepal, the cosmetic products are being marketed in Singapore. The products are being sampled in Dubai and the UAE. The company believes in informing the general public about the raw materials used to manufacture the products and the effects on their respective functions rather than decreasing the quality and the price of the product for marketing. </div> <div> </div> <div> <strong><span style="font-size:14px;">Enricher Herbal </span></strong></div> <div> Cosmoworld Cosmetic Industries introduced Enricher Herbal cosmetic products in the Nepali market. The company has been producing cosmetic products in Nepal for the last two years. It recently launched rose water, neem facewash, papaya facewash, papaya, aloe vera and neem cleansing milks, apricot scrub, facial massage cream, strawberry and vitamin E enriched nail polish remover, and cold wax, among others. According to the company, these products are available in the price range of Rs 60 to Rs 120. Cosmoworld said the products are made of different types of herbs and thus help protect the skin without any effects. The company has appointed San Impex as the authorized distributor for marketing and distributing Enricher Herbal products. The company banks on the huge demand for herbal cosmetic products in Nepal.</div> <div> </div> <div> <strong><span style="font-size:14px;">Diana of London </span></strong></div> <div> Diana of London (DoL), a brand owned by European cosmetic major MaxCare International, is a renowned brand in cosmetic products. In August 2012, Rishabh Trade Concern (RTC), its authorised distributor, introduced their products in the Nepali market. According to the company, the demand and market for cosmetics is growing every year in the country. RTC imports products from Maxcare International, Dubai. In Nepal, the company has introduced 44 varieties of DoL products — such as lipstick, nail polish, eye shadow, foundation, compact powder, eyeliner, mascara, et cetera — in as many as 500 different shades. Targeted at the upper middle class and high-end costumers, the brand is available in selected counters only. The company is selling their products through 23 counters in Kathmandu, Pokhara and Biratnagar. The price of products starts from Rs 260 and scales up to Rs 1,500. The most popular products of the brand include 2000 Kisses, Catwalk mascara and nail polish.</div> <div> </div>', 'published' => true, 'created' => '2013-08-12', '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' => 'B-Facto International Pvt Ltd introduced cosmetics brand LA Splash for the first time in Nepal. LA Splash, a division of John Davler, is a US based cosmetics brand which has been selling cosmetic products in around 35 countries since 1996.', 'sortorder' => '1472', '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' => '1610', 'article_category_id' => '153', 'title' => 'Growing Market For Cosmetic Products', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> <strong>--By TC Correspondent</strong></div> <div> </div> <div> Similar to the hundreds or perhaps thousands of grocery stores around town, there are cosmetic shops set up at every nook and corner of Kathmandu. From departmental stores to local beauty parlours, there is no dearth of cosmetic products for potential customers.</div> <div> </div> <div> Cosmetics products are mainly imported from abroad. Nepal gets its cosmetics products of various brands from a number of different countries. Needless to say, like other imports, a significant share of cosmetics products available in Nepal are manufactured in India.</div> <div> </div> <div> The market for cosmetics products has been growing quite significantly over the last few years. The availability of cosmetics products has increased appreciably and the consumption ratio too has increased with each passing year. The market boasts of leading cosmetics brands from the world. The domestic market for cosmetics products has come a long way as well with top notch global brands and established names from neighbouring countries available in the market. </div> <div> </div> <div> Traders say that the market for cosmetics products in the country is growing at about 25-30 per cent. They attribute the rise in demand for cosmetics products to the growing middle class and awareness about personal image and hygiene, which has resulted in greater spending on beauty and personal care products. “The market for cosmetic products in Nepal is very good. It is showing continuous growth,” an importer said, adding that people have become fashion conscious and do not mind spending on cosmetic products. According to him, the sales of cosmetics product are good in the cities as well as small towns. </div> <div> </div> <div> <strong><span style="font-size:14px;">Brands Galore</span></strong></div> <div> The domestic market features products of around 80 cosmetics brands including international brands like Lakme, L’Oreal, Garnier and Emami as well as Mac’s Lavera, Nova, Chase, Astaberry, Lotus, Ayur, Ole and Aroma Magic. Products from third countries were the top sellers until a few years ago but that scenario has changed. Approximately, 80 per cent of the cosmetic products sold in Nepal currently are imported from India. Other countries that Nepal imports cosmetic products from include China, Singapore, Thailand, UAE and Europe. </div> <div> </div> <div> “Nepali people are slowly understanding the importance of beauty and personal care products,” observed another trader. While cosmetic products used to be considered a luxury until a few years ago, they have turned into a necessity today. </div> <div> </div> <div> <strong><span style="font-size:14px;">Demanding Customers</span></strong></div> <div> Along with the growing market for cosmetic products, customer preference is changing drastically. People are demanding products as per their need in contrast to the past when customers used to simply buy products were available in the market. A lot of people are also moving from lesser priced products to premium ones. </div> <div> </div> <div> The rise in awareness due to the media has forced traders to bring in products to satiate the need of choosy and demanding customers. A leading importer remarked, “The awareness level of customers has turned the market fiercely competitive.” </div> <div> </div> <div> Though women still make up more than 80 per cent of the customers, the number of male customers is growing. The entry of products designed for men in recent years has helped the market grow significantly. Men’s products such as after shave, deodorant, perfume, hair gel and skin care items are popular among male customers.</div> <div> </div> <div> <strong><span style="font-size:14px;">Market Share</span></strong></div> <div> According to an estimate, medium range cosmetic products enjoy a market share of around 60 percent while the premium brands hold around 30 per cent share with the low-end segment garnering around 10 percent of the market.</div> <div> </div> <div> Traders are now giving special attention to all kinds of markets in the country. “Around 60 per cent of the market for cosmetic products within the Kathmandu Valley,” a trader said. Besides Kathmandu, consumption of cosmetics products is high in places like Pokhara, Dharan, Itahari and Butwal. The gap in sales between Kathmandu and the rest of the country is narrowing so much so that the ratio can come down to 50-50 not too far in the future.</div> <div> </div> <div> <strong><span style="font-size:14px;">Driving Factors</span></strong></div> <div> Cosmetics are an addiction among Nepalis, commented a store supervisor at a leading cosmetics store. She said that around 10 to 12 new brands enter the market every month and still, all of them manage to survive. She attributes this to the influence of western lifestyles and persuasive television programmes and cinema that have helped to push up the sales figures of cosmetics products. Consumption of cosmetic products is high in the rural market as well with remittance playing a crucial role. </div> <div> </div> <div> Customers living in small towns too have become more selective. People who used soaps for all purposes earlier are now shifting to products like shampoo and face wash. “An increase in the population in semi-urban and urban market places too has helped in the growth of sales for cosmetics products,” observed an industry insider. </div> <div> </div> <div> A change in the mindset of people has led to increasing demand for cosmetic products among male customers. While males in urban areas started using cosmetic products quite some time ago, rural males have started to use them recently. </div> <div> </div> <div> <strong><span style="font-size:14px;">Challenges</span></strong></div> <div> The encouraging growth in sales and turnover aside, traders are not happy with the way things are. They say that inconsistency of rules and procedures at the customs had slowed the growth of the market. An importer complained that traders are forced to declare higher prices at the customs by the officials. He says that they are thus compelled to sell products at a higher price due to the high import duty.</div> <div> </div> <div> <strong><span style="font-size:14px;">Duplicate Products</span></strong></div> <div> With the plethora of products available in the market, complaints about duplicate products are also on the rise. Cosmetics products with similar labels and packaging has become a pertinent issue for all cosmetics users. The separation of duplicate products from original ones is almost impossible without proper government regulation.</div> <div> It is hard to decide on the right one due to the availability of brands that claim to be original. However, one can avoid usage of unnecessary and harmful chemicals with long-term consequences on the health of one’s skin by taking precautions and advice from experts.</div> <div> </div>', 'published' => true, 'created' => '2013-08-12', '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' => 'There are plenty of cosmetic stores in Kathmandu and all of them seem to have their own set of customers to deal with. Cosmetics business is considered to be among the most thriving businesses in the capital.', 'sortorder' => '1471', '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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With this, the promoter’s shares in these banks will be 51 percent while the remaining 49 percent will be public shares. These seven banks are NB Bank, NCC Bank, NMB Bank, Kumari Bank, Siddhartha Bank, Sanima Bank and NIC Asia Bank. </div> <div> </div> <div> The central bank allows promoters to offload their shares and turn them into ordinary shares after the lock-in period of five years is over and if the annual general meeting of the respective financial institution endorses the decision to increase public equity in the institution. </div> <div> According to Sebon's Security Registration and Issue Regulation 2064, these promoter shares are to be converted to public shares through the process of offer documents as is followed during an initial public offering.</div>', 'published' => true, 'created' => '2013-08-12', '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 share holding structure of seven commercial banks has been changed. With this, the promoter’s shares in these banks will be 51 percent while the remaining 49 percent will be public shares.', 'sortorder' => '1485', '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' => '1623', 'article_category_id' => '109', 'title' => 'ICS, Nepal Delivers Technology To AHCX, Malawi', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> AHL Commodities Exchange Ltd (AHCX), Malawi's first commodity exchange has successfully started live operations from August 6 in Malawi using exchange technology provided by Inter Continental Systems (ICS), Nepal. AHCX is a newly formed commodity exchange in Malawi with the primary objective of providing efficient market place for different kinds of agricultural commodities,with motto of betterment of Malawian agricultural economy and ecosystem. </div> <div> </div> <div> ICS delivered seamless technology solutions to AHCX for their Electronic Warehouse & Collateral Management System,Client & Membership Management System, Quality Grading & Certification ,Trading Operations System, Risk Management & Surveillance System, Clearing & Settlement System and Market Information System </div> <div> </div> <div> On an occasion, Santosh Pradhan, CEO, ICS, stated selection by AHCX fully illustrates the breadth of ICSs' capabilities with the provision of exchange, trading, & risk management technology. </div> <div> </div> <div> Similarly, ERD Matabwa, Chairman , AHCX Board, opined that AHCX selected ICS after a thorough and extensive bid review of many vendors on the market. ICS demonstrated its capability to deliver the solution to their utmost satisfaction.</div>', 'published' => true, 'created' => '2013-08-12', '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' => 'AHL Commodities Exchange Ltd (AHCX), Malawi's first commodity exchange has successfully started live operations from August 6 in Malawi using exchange technology provided by Inter Continental Systems (ICS), Nepal.', 'sortorder' => '1484', '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' => '1622', 'article_category_id' => '150', 'title' => 'Business Briefs (12 - 18 August 2013)', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong><span style="font-size:14px;"><img alt="Mahindra Showroom at Chuchhepati" src="/userfiles/images/mahindara.jpg" style=" float: left; margin: 0px 10px 0px 0px;width: 150px; height: 75px;" />Mahindra Showroom at Chuchhepati </span></strong></div> <div> SG Global Pvt Ltd, the Authorized Distributor of Mahindra two-wheelers in Nepal has opened a new showroom in Chuchhepati, Chabahil. The new showroom located will have on display the entire range of 125cc scooters Rodeo RZ, Duro DZ, Flyte and motorcycles 110cc Centuro and Pantero. The spacious showroom is aesthetically designed to offer best convenience and experience to customers, says a press release. </div> <div> </div> <div> <strong><span style="font-size:14px;"><img alt="New Ncell Centre in Rajbiraj " src="/userfiles/images/ncellcenter.jpg" style=" float: left; margin: 0px 10px 0px 0px;width: 150px; height: 95px;" />New Ncell Centre in Rajbiraj </span></strong></div> <div> Ncell inaugurated new Ncell Centre in Neta Chowk, Rajbiraj. Ncell’s Legal and Government Liaison Director Kamal Khanal and Customer Relations Director Soma Thapa jointly inaugurated the Centre. From the centre, Ncell subscribers can avail services such as SIM exchange, GPRS, MMS, settings, international roaming, call details, balance transfer, bill payments, corporate services, blackberry service, and change of ownership, among others. </div> <div> </div> <div> <strong><span style="font-size:14px;"><img alt="Toshiba P2300" src="/userfiles/images/toshiba.jpg" style=" float: left; margin: 0px 10px 0px 0px;width: 150px; height: 116px;" />Toshiba P2300 in the Nepali Market </span></strong></div> <div> EOL Pvt Ltd has launched Toshiba P2300 LED Power TV in the market. According to the company, the TV is explicitly developed to meet the needs and requirements of Asian market. According to a press release, the TV offers intuitive operation and enhanced viewer satisfaction, and comes with better picture, sound and connectivity. The TV delivers the best viewing experience and sharpens and brightens sports and action scenes by balancing and optimizing the combined performance of the TV panel, video processing and backlight technology, says the release. </div> <div> </div> <div> <strong><span style="font-size:14px;"><img alt="Malee Juice" src="/userfiles/images/malee.jpg" style=" float: left; margin: 0px 10px 0px 0px;width: 150px; height: 116px;" />Malee Juice in Nepal </span></strong></div> <div> Thailand’s renowned Malee juice is now available in the Nepali market. The juice comes in Orange, Apple, Grape, Pineapple, Guava, Pomegranate, Carrot, Tomato, Mixed Fruit and Mixed Vegetables falavours, and is available in major shopping malls of Nepal. The juice has been launched with the punch line ‘Fruit with Care’. </div> <div> </div> <div> </div> <div> <strong><span style="font-size:14px;">Kaspersky’s New Antivirus and Internet Security </span></strong></div> <div> Sagar Software and Traders, the sole authorized distributor of Kaspersky products for Nepal has launched Kaspersky Antivirus 2014 and Kaspersky Internet Security 2014 in the market. According to the company, the products are the latest versions of proven security solutions for home users.</div> <div> </div>', 'published' => true, 'created' => '2013-08-12', 'modified' => '2013-08-12', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'SG Global Pvt Ltd, the Authorized Distributor of Mahindra two-wheelers in Nepal has opened a new showroom in Chuchhepati, Chabahil.', 'sortorder' => '1483', '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' => '1621', 'article_category_id' => '149', 'title' => 'Going From Strength To Strength', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> <strong>--By Suraksha Adhikari</strong></div> <div> </div> <table align="right" border="0" cellpadding="1" cellspacing="1"> <tbody> <tr> <td> <img alt="Bhaskar Munankarmi, Assistant Manager, Him Electronics Pvt Ltd" src="/userfiles/images/bhaskar(1).jpg" style="width: 175px; height: 185px;" /></td> </tr> <tr> <td style="text-align: center;"> <div> <strong>Bhaskar Munankarmi</strong></div> <div> <em>Assistant Manager</em></div> <div> <em>Him Electronics Pvt Ltd</em></div> </td> </tr> </tbody> </table> <div> Him Electronics Pvt Ltd was established in 1988 as a Consumer Electronics (CE) distributor in Nepal. A sister-concern of the Golchha Organisation, it is today the largest dealership and manufacturer of consumer electronics in the country. The company was established with the technical assistance of Sanyo Electrical Co Ltd and the Himstar brand was subsequently introduced with black and white televisions. Since then, the range of products offered by the brand has grown to cover some home appliances as well. </div> <div> </div> <div> The brand name ‘Himstar’ was kept so as to keep uniform and associated with the company Him Electronics Pvt Ltd. “The logo has a star in it, combined with yellow, black and white colours which are quite visible and justifies our motto of creating brand visibility,” says Bhaskar Munankarmi, Assistant Manager at Him Electronics Pvt Ltd. </div> <div> </div> <div> In the initial phase, the company focused on electric products like CFL, after which it gradually shifted to consumer electronics. “We have a variety of products and they are popular not just due to our reasonable price but also for our prompt service, after sales facility and best quality material,” claims Munankarmi. </div> <div> </div> <div> With more than 250 employees at present, the company’s popularity has risen gradually. “This has not been an overnight success - our patience and hard work has led us to our present position.” </div> <div> </div> <div> Him Electronics did not have a strong dealership network to begin with and had fewer portfolios in the market but it strengthened its network and added goods which led it to become a recognised brand. “Ever since the establishment of the company, continued effort was put in to provide better, efficient and prompt after sales service which has reinstated the service motive stronger than before,” Munankarmi explains. </div> <div> </div> <div> Initially focusing on the production of televisions, the company expanded its service to the production of electronic products keeping in mind the increasing requirements of customers today. This helped widen its scope and popularity in the last two decades. The company’s products were targeted to a middle class market that desired quality products at an affordable price, and it claims that it is the most affordable brand with good quality for middle class consumers. </div> <div> </div> <div> With 250 employees and 300 dealers across the country, the company is currently providing its services in Birtamod, Itahari, Biratnagar, Lahan, Janakpur, Birgunj, Narayanghat, Butwal, Pokhara, Dang, Nepalgunj and Dhangadi besides the Kathmandu Valley. “We have not planned to enter the international market as currently our focus is to cover the national market successfully,” states Munankarmi. </div> <div> </div> <div> With a strong market presence despite tough competition, the Himstar group believes that it has proven that brand issues come second to quality. “Despite well established competitors including CG, Videocon, Sony and Whirlpool, our quality products have maintained a good name in the mind of the consumer,” says Munankarmi. </div> <div> </div> <div> Himstar’s market share is approximately 18 per cent but the company aims to increase the number to 25 per cent in upcoming years for which a range of products are being marketed aggressively, according to Munankarmi. </div> <div> </div> <div> The list so far includes televisions, audio/video systems, refrigerators, washing machines, air conditioners, vacuum cleaners, microwave ovens, wrist watches, CFLs, circuit breakers and more. Along with these, the company is planning to provide a complete package of home appliances as they are preparing to penetrate the upper middle class market by tailoring its products according to demand. </div> <div> </div> <div> Focusing on strengthening its brand to enter this new turf, Him Electronics continues to maintain an incremental rate of profit of 20-25 per cent each year as a key part of its market strategy.</div>', 'published' => true, 'created' => '2013-08-12', 'modified' => '2013-08-12', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'Him Electronics Pvt Ltd was established in 1988 as a Consumer Electronics (CE) distributor in Nepal. A sister-concern of the Golchha Organisation, it is today the largest dealership and manufacturer of consumer electronics in the country.', 'sortorder' => '1482', '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' => '1620', 'article_category_id' => '115', 'title' => 'Lifestyle And Technology Tech Briefs (12 - 18 August 2013)', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong><span style="font-size:14px;"><img alt="Desmond Tutu" src="/userfiles/images/tutu.jpg" style=" float: left; margin: 0px 10px 0px 0px;width: 150px; height: 115px;" />Twitter Blocks Desmond Tutu’s Account </span></strong></div> <div> Nobel Peace Prize winner Desmond Tutu had his Twitter account suspended on Thursday for “aggressively following” other users, just hours after it was launched. The ex-archbishop’s @ TutuLegacy account racked up hundreds of followers in its first hours of use. “Some have described Twitter as a blessing in the hands of retired members of the clergy. There is no space to ramble,” Tutu tweeted before his account was blocked. His foundation expressed dismay at the decision. “Twitter has not explained how following 30 people could be construed as ‘aggressive following’,” it said in a statement. The foundation suggested “the number of people who followed @ TutuLegacy in a short space of time,” may have also been to blame. </div> <div> </div> <div> <strong><span style="font-size:14px;"><img alt="The New York Times" src="/userfiles/images/nytimes.jpg" style=" float: left; margin: 0px 10px 0px 0px;width: 150px; height: 100px;" />The New York Times not for Sale’ </span></strong></div> <div> The New York Times is not for sale, its publisher assured readers and staff on Thursday, less than a week after two other high-profile deals have shaken up the US newspaper industry. “Will our family seek to sell The Times? The answer to that is no,” said Arthur Sulzberger Jr., who also acts as chairman of the New York Times Co., in an email to employees. “The Times is not for sale, and the trustees of the Ochs- Sulzberger Trust and the rest of the family are united in our commitment to work together with the company’s board, senior management and employees to lead The New York Times forward into our global and digital future,” he said. </div> <div> </div> <div> <strong><span style="font-size:14px;"><img alt="Like" src="/userfiles/images/like.jpg" style=" float: left; margin: 0px 10px 0px 0px;width: 150px; height: 113px;" />Internet study finds the persuasive power of ‘Like’ </span></strong></div> <div> If you “like” this article on a site like Facebook, somebody who reads it is more likely to approve of it, even if the reporting and writing are not all that great. But surprisingly, an unfair negative reaction will not spur others to dislike the article. Instead, a thumbs-down view will soon be counteracted by thumbs up from other readers. Those are the implications of new research looking at the behavior of thousands of people reading online comments, scientists reported on Friday in the journal Science. </div> <div> </div> <div> <strong><span style="font-size:14px;"><img alt="LG G2 PHONE" src="/userfiles/images/lg(1).jpg" style=" float: left; margin: 0px 10px 0px 0px;width: 150px; height: 210px;" />LG Launches New Smartphone </span></strong></div> <div> LG on Wednesday announced G2, its new flagship Android phone. The device, which will be available gradually introduced in various markets worldwide in the coming months. The key feature of G2 is its placement of power and volume buttons. Unlike the traditional smartphones, G2 has these buttons under the main camera module on the back cover. According to LG, the “rear key” concept was implemented because it found that users feel uncomfortable in reaching out to side buttons while using big phones. </div> <div> </div> <div> <span style="font-size:14px;"><em>Key specs </em></span></div> <div> <em>Processor: 2.26GHz quad-core Qualcomm S800 Display: 5.2-inch FullHD IPS (1080 x 1920 pixels/423 ppi) Memory: 32GB/16GB RAM: 2GB DDR3 Camera: Rear 13MP with OIS/Front 2.1MP Battery: 3,000mAh Operating System: Android Jelly Bean 4.2.2 Size: 138.5 x 70.9 x 8.9mm Colors: Black/White</em></div>', 'published' => true, 'created' => '2013-08-12', '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' => 'Nobel Peace Prize winner Desmond Tutu had his Twitter account suspended on Thursday for “aggressively following” other users, just hours after it was launched.', 'sortorder' => '1481', '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' => '1619', 'article_category_id' => '159', 'title' => 'A Focused Workaholic', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong>--By Suraksha Adhikari</strong></div> <div> </div> <table align="right" border="0" cellpadding="1" cellspacing="1"> <tbody> <tr> <td> <img alt="Amit Gorkhali, Executive Director of Blitz Media Pvt Ltd" src="/userfiles/images/amit%20gorkhalo.jpg" style="width: 175px; height: 213px;" /></td> </tr> <tr> <td style="text-align: center;"> <div> <strong>Amit Gorkhali </strong></div> <div> <em>Executive Director</em></div> <div> <em>Blitz Media Pvt Ltd</em></div> </td> </tr> </tbody> </table> <div> Work-life balance is a challenge each individual takes upon differently. Amit Gorkhali, Executive Director of Blitz Media Pvt Ltd does not believe in balancing the two on an even scale at all times. “What we need is to work out our priorities where work takes precedence some days and family life on others,” says he. </div> <div> </div> <div> Prioritising work mostly, Gorkhali believes that this phase of his life is all about strategising and working hard to establish his career. A workaholic by nature, Gorkhali admits that he spends non-working hours watching television and surfing the internet. </div> <div> </div> <div> A day’s outing in the weekends is usually enough to help him unwind from the week before “I love to stroll around and admire my surroundings,” says the busy professional, otherwise a travel enthusiast. “I really want to go to Manang and Mustang but I am waiting for the right time when my inner voice pushes me to visit these places.” </div> <div> </div> <div> When Gorkhali has a long vacation, he prefers to go out of the country - to Malaysia, South Africa, Portugal and Spain. “These are beautiful countries to find rest and internal satisfaction in,” he shares. </div> <div> </div> <div> Gorkhali has a small circle of close friends who try to meet once every two months as a group. An avid sports lover, Gorkhali says he loves watching sports over playing them in real, and that his favourites include cricket, football, golf and basketball. </div> <div> </div> <div> Contrary to his profession, Gorkhali does not use social networking sites personally. “Being in the advertising industry, you would think I would really be into social networking, but these never appealed to me. I love to live my own life and keep it away from the prying eyes of the world,” he admitted. </div> <div> </div> <div> With a busy schedule, Gorkhali does not have much time for leisure but luckily his close friends are involved in the same business as him. “I don’t have to make plans to meet them as we all work together and it is a great feeling when your close mate is just a walk away from you,” he shares.</div> <div> </div>', 'published' => true, 'created' => '2013-08-12', 'modified' => '2013-08-12', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'Work-life balance is a challenge each individual takes upon differently. Amit Gorkhali, Executive Director of Blitz Media Pvt Ltd does not believe in balancing the two on an even scale at all times.', 'sortorder' => '1480', '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' => '1618', 'article_category_id' => '116', 'title' => 'Apple Wins Patent Case Against Samsung', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> Some older SamsungElectronics Co mobile devices face a sales and import ban in the United States after a US trade panel ruled for Apple Inc. in a high-profile patent infringement case. </div> <div> </div> <div> The U.S. International Trade Commission on Friday ruled that South Korea’s Samsung infringes on portions of two Apple Inc patents on digital mobile devices, covering the detection of headphone jacks and operation of touchscreens. The decision is likely to inflame passions in the long-running dispute and could spark a rebuke from South Korea. The panel moved to prohibit Samsung from importing, selling and distributing devices in the United States that infringe on certain claims on the patents. It is unclear how many Samsung phones and devices would be subject to the ban.All exclusion orders are sent to President Barack Obama, who has 60 days to review them. If he does not veto the order, it will go into effect.</div>', 'published' => true, 'created' => '2013-08-12', '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' => 'Some older SamsungElectronics Co mobile devices face a sales and import ban in the United States after a US trade panel ruled for Apple Inc. in a high-profile patent infringement case.', 'sortorder' => '1479', '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' => '1617', 'article_category_id' => '116', 'title' => 'Volkswagen Celebrates 1000th Car Sale', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> <strong>--By TC Correspondent</strong></div> <div> </div> <div> Pooja International Nepal, Authorized importer of Volkswagen organised a programme in its Lazimpat showroom on August 9 to celebrate the sale of 1000th Volkswagen in Nepal. Henning Hansen, First Secretary, Chargé d’Affaires, German Embassy Kathmandu was the chief guest for the programme. He handed over the car key to the 1000th owner of Volkswagen New Passat. </div> <div> </div> <div> Bibek Bijukchhe, Chief Executive Officer of Pooja International Nepal said in the programme that it was a great achievement that VW has been able to compete in mass segment while being known for its superior built quality. “It’s the brand, man, machine and network which helped us to be in the hearts of Nepali customers in just around three years,” said Bijukchhe. </div> <div> </div> <div> “We not only sold 1000 Volkswagens but we are market leader in almost all the segments like sedan, hatchback and SUV. In the fiscal year 2070/71 alone, we have target to deliver 800 cars nationwide,” said Sarik Bogati, Marketing Manager at Pooja International. </div> <div> </div> <div> Volkswagen is coming up with fresh 2013 models of cars and is also planning to launch new variant of Polo during the upcoming NADA auto show. The company will also bring attractive schemes during the show.</div> <div> </div>', 'published' => true, 'created' => '2013-08-12', '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' => 'Pooja International Nepal, Authorized importer of Volkswagen organised a programme in its Lazimpat showroom on August 9 to celebrate the sale of 1000th Volkswagen in Nepal.', 'sortorder' => '1478', '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' => '1616', 'article_category_id' => '100', 'title' => 'Tourism Briefs (12 -18 August 2013)', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong><span style="font-size:14px;"><img alt="IATO Convention" src="/userfiles/images/IATO.jpg" style=" float: left; margin: 0px 10px 0px 0px;width: 100px; height: 73px;" />IATO Convention to Be Held in Kochi</span></strong></div> <div> The 29th annual convention on the Indian Association of Tour Operators in Kochi, Kerala next month will focus on innovation. The annual convention held at the Le Meridien Hotel from 8-11 September 2013 will be held under the theme ‘Tourism – Innovation and Partnership. Lally Mathews, co-chairman of the convention told Travel Daily that Social Media will have a special focus at the convention with foreign experts giving an insight at the business session. “Business sessions will also be held on crisis management and safety of tourists,” said Mathews. (Traveldailymedia.com)</div> <div> </div> <div> <span style="font-size:14px;"><strong>A New Asian Airline Launched</strong></span></div> <div> A new Asian airline is launched at Bangkok’s Suvarnabhumi Airport. Asia Atlantic Airlines will initially offer flights to Tokyo and Osaka with two Boeing 767-300ER aircrafts. It has further plans to launch flights from the Thailand airport to China, South Korea, Guam and Hawaii. The airline has been set up by Japan-based H.I.S Group and Thailand’s Baiyoke Group and aims to become a “dynamic new force” in Asia’s airline industry. Its customers will have access to a lounge dedicated immigration counters at Suvarnabhumi Airport. (Traveldailymedia.com) </div> <div> </div> <div> <strong><span style="font-size:14px;">Business Travel Spending to Grow Globally</span></strong></div> <div> Global business travel spending is expected to rise throughout 2013 and continue its ascent over the next several years, according to the latest installment of the GBTA BTI Outlook – Annual Global Report & Forecast, sponsored by Visa, Inc. Global spending on business travel is forecast to reach $1.12 trillion in 2013, a 5.4 per cent increase from 2012, with travel spend stabilizing after a year rocked by worldwide economic and political uncertainty. Steady business travel spending in the second half of 2013 is expected to lay the foundation for 8.2 per cent growth in 2014, followed by 7.6 per cent, 7.2 per cent and 7.1 per cent growth in 2015, 2016 and 2017 respectively. The report, which details travel spending in 75 countries, along with the top industries, economic factors and characteristics that influence business travel, finds that developing markets around the world – particularly countries in the Asia Pacific and Latin America regions - will permanently reshape the business travel landscape. (Traveldailynews.com)</div> <div> </div> <div> <strong><span style="font-size:14px;"><img alt="Ukraine - Cheapest Tourist Destination" src="/userfiles/images/Ukraine(1).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 100px;" />Ukraine - Cheapest Tourist Destination among UNWTO's Top 20 </span></strong></div> <div> On average, a tourist visiting Ukraine in 2012 spent little over USD 200. This is the absolute lowest among the 20 most popular tourist destinations, according to the UN World Tourism Organization. Rich historical heritage as well as the UEFA European Football Championship EURO 2012 attracted tourists to the Eastern European country. A total of 23 million tourists visited Ukraine in 2012 and spent USD 4.8 billion. Cultural wealth, the warmth of the people, and the fact that travelers can live large for under USD 50 a day lure the tourists in, reckons Christine Sarkis of Smarter Travel, popular tourism portal. In the website's rating Ukraine became number one destination to visit while it's still cheap. (Traveldailynews.com)</div> <div> </div>', 'published' => true, 'created' => '2013-08-12', '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 29th annual convention on the Indian Association of Tour Operators in Kochi, Kerala next month will focus on innovation.', 'sortorder' => '1477', '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' => '1615', 'article_category_id' => '99', 'title' => 'Radisson Gets New GM', 'sub_title' => '', 'summary' => null, 'content' => '<div> <img alt="Anil Malik" src="/userfiles/images/Anil%20Malik.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 125px; height: 73px;" />Anil Malik has joined Radisson Hotel Kathmandu as the new General Manager from 9th August 2013. Having 14 years of experience in hospitality industry, Malik was the General Manager of Country Inn and Suites by Carlson Haridwar from August 2012 till February 2013 before joining Radisson Hotel Kathmandu.</div> <div> </div>', 'published' => true, 'created' => '2013-08-12', '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' => 'Anil Malik has joined Radisson Hotel Kathmandu as the new General Manager from 9th August 2013.', 'sortorder' => '1476', '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' => '1614', 'article_category_id' => '99', 'title' => 'Tourism Festival In December', 'sub_title' => '', 'summary' => null, 'content' => '<div> Nepal National Business Association, Rupandehi is organising the National Commercial Business Festival as well as the Agriculture and Tourism festival, to be held from December 6 to 17 in Bhairhawa. Manish Kumar Joshi, President of the association said that there will be 300 stalls in the festival at a press conference. </div> <div> </div> <div> The festival would promote Lumbini as a tourist destination and would also help in the commercialisation of agriculture. “The festival will help market local handicraft products and develop Siddhartha Nagar as a tourism and industrial corridor.” Joshi added.</div> <div> </div> <div> Around three hundred thousand people are expected to visit the festival, according to the organizers, with a total cost amounting to Rs5.4 million approximately. The entry fee for students is Rs 30 per head and Rs 40 per head for adults. </div> <div> </div>', 'published' => true, 'created' => '2013-08-12', '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 National Business Association, Rupandehi is organising the National Commercial Business Festival as well as the Agriculture and Tourism festival, to be held from December 6 to 17 in Bhairhawa. Manish Kumar Joshi, President of the association said that there will be 300 stalls in the festival at a press conference.', 'sortorder' => '1475', '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' => '1613', 'article_category_id' => '99', 'title' => 'Momo Festival In Pokhara', 'sub_title' => '', 'summary' => null, 'content' => '<div> Momo festival 2070 is being held for the first time in Pokhara with an initiative by organisers from Trainers Nepal. The festival will be held at the Pokhara Mall, Prithvi Chowk on August 20-21. </div> <div> </div> <div> The festival will be offering 15 varieties of momos to visitors including chilly, green, fish, potato, sausage, kothey, Tibetan pork, chicken, mutton and vegetable momo. Organisers are confident of the success of the festival as momos are considered to be the most popular food across all age groups in Nepal. “The festival will also market Pokhara as a place that serves different flavours of momos,” says the president of the organising team. The festival is believed to be useful for the promotion of business in Pokhara. The total investment for the festival amounts to Rs 1.4 million. There would be 25 stalls in total and the festival will include some programmes for entertainment as well. </div>', 'published' => true, 'created' => '2013-08-12', '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' => 'Momo festival 2070 is being held for the first time in Pokhara with an initiative by organisers from Trainers Nepal. The festival will be held at the Pokhara Mall, Prithvi Chowk on August 20-21.', 'sortorder' => '1474', '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' => '1612', 'article_category_id' => '99', 'title' => 'Tranquility Spa: For Peace And Bliss', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> <strong>--By Sujan Tiwari</strong></div> <div> </div> <div> Tranquility Spa, the first Day Spa Centre in Nepal and the one to be recognized by Nepal Tourism Board, has been providing its services for six years now. The Spa is run by professionals having experience of 30 years in the industry. Bhuwan Phaiju, Chairman of Tranquility Spa has years of experience in providing spa services at 5 Star hotels in Nepal and abroad. “I have been working in the sector from the time when people knew nothing about spas. In recent days, people are becoming more aware of the health benefits of spa, and the number is ever increasing,” says Phaiju. </div> <div> </div> <div> When Phaiju first started his own spa, he was faced with a big problem as there were not many trained spa therapists and workers in Nepal. “When I advertised in the papers calling for spa therapists, we only got response from beauticians and barbers. Not a single therapist applied,” recalls Phaiju. To cope with the problem, he also established a spa training centre and started providing training. In this way, he produced the needed manpower for his Spa himself. Today, those trained from his training centre are working in numerous spas in Nepal and abroad as the demand for such therapists is very high. </div> <div> </div> <div> Tranquility Spa’s initial days were not easy ones. A lot of customers came, but with different expectations owing to the stigma attached with massage centres and spas. Phaiju said he spent a lot of time explaining to his customers the real meaning and benefits of spa. A few tried the services and they almost always returned, says he. Slowly the Spa gained popularity among foreigners and Nepalis as well. Today, Tranquillity Spa has already made a name for itself, and has its branches in Lazimpat, Thamel, Kupondole, Pokhara and in a few 5 star hotels. Almost 70 per cent of its customers are Nepalis, indicating that people are becoming interested in spa services. </div> <div> </div> <div> Spa, in its literal sense, means healing through water, and has been in practice since ancient Greek and Roman times. In plain words, the spa services use natural processes to heal any human ailments. Spa services are used around the world for its health benefits, rejuvenation and mental and physical healing. Though it started from bathing, now the spa services encompasses many aspects, like massage, Shirodhara, manicure, pedicure and many others. </div> <div> </div> <div> Tranquilty Spa uses natural healing techniques, Ayurveda and Amchi (Himalayan Herbs) to provide relief from illnesses, and improve the overall quality of life. The services offered here include Shirodhara, Ayurvedic massage, Deep Tissue massage, Spinal Massage, Hot Stone Therapy, Picu, Reflexology and Yoga among many others. The Spa also offers Sauna and Steam Bath and various beautification services like facial, body scrub, waxing, manicure and pedicure. </div> <div> </div> <div> According to Phaiju, the major benefit of using spa services is the improved blood circulation which in turn provides all other benefits. The improved blood circulation improves concentration, provides relaxation, detoxifies the body, improves immunity and increases the flow of oxygen in the body, claims Phaiju. “Spa is beneficial for all, and especially helps cure problems resulting from the busy urban lifestyle. Problems like anxiety, depression and hypertension get better by using our services,” says Phaiju. According to him, it is also beneficial for muscle and joint problems, uric acid, diabetes, migraine and almost all ailments. </div> <div> </div> <div> Tranquilty Spa charges foreigners and Nepalis differently, and Nepalis are offered services at relatively lower price. Services are offered depending upon customer’s choice and the problems they have. A visit to Tranquility Spa once could prove beneficial for both the robust and those with any ailments. Try once to let nature do the healing. </div> <div> </div> <div> <img alt="Tranquility Spa" src="/userfiles/images/tspa1.jpg" style="width: 300px; height: 181px;" /> <img alt="Tranquility Spa" src="/userfiles/images/tspa2.jpg" style="width: 202px; height: 181px;" /></div>', 'published' => true, 'created' => '2013-08-12', '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' => 'Tranquility Spa, the first Day Spa Centre in Nepal and the one to be recognized by Nepal Tourism Board, has been providing its services for six years now.', 'sortorder' => '1473', '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' => '1611', 'article_category_id' => '152', 'title' => 'Focus Briefs (12 - 18 August 2013)', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong><span style="font-size:14px;">LA Splash </span></strong></div> <div> B-Facto International Pvt Ltd introduced cosmetics brand LA Splash for the first time in Nepal. LA Splash, a division of John Davler, is a US based cosmetics brand which has been selling cosmetic products in around 35 countries since 1996. LA Splash has a huge cosmetics range, from products for eyes, lips, face and nails to primers, glitters and accessories. The cosmetics come in a variety of vibrant and trendy colors and shades, making it especially appealing to teenagers. Besides the shades and colours that appeal to youth, LA Splash also has a wide range of mineral based cosmetics, especially designed for women. The range offered is large enough to cater to the needs of women from any age group. LA Splash is reasonably priced and before introducing LA Splash in Nepal, the company conducted a survey to understand the marketability aspect among other factors. B-Facto International also offers free makeup trials in Civil Mall, Sundhara on the same floor as its showroom.</div> <div> </div> <div> <strong><span style="font-size:14px;">Mac Personal Care </span></strong></div> <div> Cosmetics products from Mac Personal Care Industry include cleansing milk, moisturiser, face wash, ginger shampoo and others. Birat Trading is the authorised distributor of the company in Nepal. Of the 65 different products, 53 items are being currently marketed in Nepal. The India based company claims it uses herbal extracts to manufacture the products, which is the main aspect of their product with the slogan “Truly Natural”. Besides India and Nepal, the cosmetic products are being marketed in Singapore. The products are being sampled in Dubai and the UAE. The company believes in informing the general public about the raw materials used to manufacture the products and the effects on their respective functions rather than decreasing the quality and the price of the product for marketing. </div> <div> </div> <div> <strong><span style="font-size:14px;">Enricher Herbal </span></strong></div> <div> Cosmoworld Cosmetic Industries introduced Enricher Herbal cosmetic products in the Nepali market. The company has been producing cosmetic products in Nepal for the last two years. It recently launched rose water, neem facewash, papaya facewash, papaya, aloe vera and neem cleansing milks, apricot scrub, facial massage cream, strawberry and vitamin E enriched nail polish remover, and cold wax, among others. According to the company, these products are available in the price range of Rs 60 to Rs 120. Cosmoworld said the products are made of different types of herbs and thus help protect the skin without any effects. The company has appointed San Impex as the authorized distributor for marketing and distributing Enricher Herbal products. The company banks on the huge demand for herbal cosmetic products in Nepal.</div> <div> </div> <div> <strong><span style="font-size:14px;">Diana of London </span></strong></div> <div> Diana of London (DoL), a brand owned by European cosmetic major MaxCare International, is a renowned brand in cosmetic products. In August 2012, Rishabh Trade Concern (RTC), its authorised distributor, introduced their products in the Nepali market. According to the company, the demand and market for cosmetics is growing every year in the country. RTC imports products from Maxcare International, Dubai. In Nepal, the company has introduced 44 varieties of DoL products — such as lipstick, nail polish, eye shadow, foundation, compact powder, eyeliner, mascara, et cetera — in as many as 500 different shades. Targeted at the upper middle class and high-end costumers, the brand is available in selected counters only. The company is selling their products through 23 counters in Kathmandu, Pokhara and Biratnagar. The price of products starts from Rs 260 and scales up to Rs 1,500. The most popular products of the brand include 2000 Kisses, Catwalk mascara and nail polish.</div> <div> </div>', 'published' => true, 'created' => '2013-08-12', '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' => 'B-Facto International Pvt Ltd introduced cosmetics brand LA Splash for the first time in Nepal. LA Splash, a division of John Davler, is a US based cosmetics brand which has been selling cosmetic products in around 35 countries since 1996.', 'sortorder' => '1472', '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' => '1610', 'article_category_id' => '153', 'title' => 'Growing Market For Cosmetic Products', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> <strong>--By TC Correspondent</strong></div> <div> </div> <div> Similar to the hundreds or perhaps thousands of grocery stores around town, there are cosmetic shops set up at every nook and corner of Kathmandu. From departmental stores to local beauty parlours, there is no dearth of cosmetic products for potential customers.</div> <div> </div> <div> Cosmetics products are mainly imported from abroad. Nepal gets its cosmetics products of various brands from a number of different countries. Needless to say, like other imports, a significant share of cosmetics products available in Nepal are manufactured in India.</div> <div> </div> <div> The market for cosmetics products has been growing quite significantly over the last few years. The availability of cosmetics products has increased appreciably and the consumption ratio too has increased with each passing year. The market boasts of leading cosmetics brands from the world. The domestic market for cosmetics products has come a long way as well with top notch global brands and established names from neighbouring countries available in the market. </div> <div> </div> <div> Traders say that the market for cosmetics products in the country is growing at about 25-30 per cent. They attribute the rise in demand for cosmetics products to the growing middle class and awareness about personal image and hygiene, which has resulted in greater spending on beauty and personal care products. “The market for cosmetic products in Nepal is very good. It is showing continuous growth,” an importer said, adding that people have become fashion conscious and do not mind spending on cosmetic products. According to him, the sales of cosmetics product are good in the cities as well as small towns. </div> <div> </div> <div> <strong><span style="font-size:14px;">Brands Galore</span></strong></div> <div> The domestic market features products of around 80 cosmetics brands including international brands like Lakme, L’Oreal, Garnier and Emami as well as Mac’s Lavera, Nova, Chase, Astaberry, Lotus, Ayur, Ole and Aroma Magic. Products from third countries were the top sellers until a few years ago but that scenario has changed. Approximately, 80 per cent of the cosmetic products sold in Nepal currently are imported from India. Other countries that Nepal imports cosmetic products from include China, Singapore, Thailand, UAE and Europe. </div> <div> </div> <div> “Nepali people are slowly understanding the importance of beauty and personal care products,” observed another trader. While cosmetic products used to be considered a luxury until a few years ago, they have turned into a necessity today. </div> <div> </div> <div> <strong><span style="font-size:14px;">Demanding Customers</span></strong></div> <div> Along with the growing market for cosmetic products, customer preference is changing drastically. People are demanding products as per their need in contrast to the past when customers used to simply buy products were available in the market. A lot of people are also moving from lesser priced products to premium ones. </div> <div> </div> <div> The rise in awareness due to the media has forced traders to bring in products to satiate the need of choosy and demanding customers. A leading importer remarked, “The awareness level of customers has turned the market fiercely competitive.” </div> <div> </div> <div> Though women still make up more than 80 per cent of the customers, the number of male customers is growing. The entry of products designed for men in recent years has helped the market grow significantly. Men’s products such as after shave, deodorant, perfume, hair gel and skin care items are popular among male customers.</div> <div> </div> <div> <strong><span style="font-size:14px;">Market Share</span></strong></div> <div> According to an estimate, medium range cosmetic products enjoy a market share of around 60 percent while the premium brands hold around 30 per cent share with the low-end segment garnering around 10 percent of the market.</div> <div> </div> <div> Traders are now giving special attention to all kinds of markets in the country. “Around 60 per cent of the market for cosmetic products within the Kathmandu Valley,” a trader said. Besides Kathmandu, consumption of cosmetics products is high in places like Pokhara, Dharan, Itahari and Butwal. The gap in sales between Kathmandu and the rest of the country is narrowing so much so that the ratio can come down to 50-50 not too far in the future.</div> <div> </div> <div> <strong><span style="font-size:14px;">Driving Factors</span></strong></div> <div> Cosmetics are an addiction among Nepalis, commented a store supervisor at a leading cosmetics store. She said that around 10 to 12 new brands enter the market every month and still, all of them manage to survive. She attributes this to the influence of western lifestyles and persuasive television programmes and cinema that have helped to push up the sales figures of cosmetics products. Consumption of cosmetic products is high in the rural market as well with remittance playing a crucial role. </div> <div> </div> <div> Customers living in small towns too have become more selective. People who used soaps for all purposes earlier are now shifting to products like shampoo and face wash. “An increase in the population in semi-urban and urban market places too has helped in the growth of sales for cosmetics products,” observed an industry insider. </div> <div> </div> <div> A change in the mindset of people has led to increasing demand for cosmetic products among male customers. While males in urban areas started using cosmetic products quite some time ago, rural males have started to use them recently. </div> <div> </div> <div> <strong><span style="font-size:14px;">Challenges</span></strong></div> <div> The encouraging growth in sales and turnover aside, traders are not happy with the way things are. They say that inconsistency of rules and procedures at the customs had slowed the growth of the market. An importer complained that traders are forced to declare higher prices at the customs by the officials. He says that they are thus compelled to sell products at a higher price due to the high import duty.</div> <div> </div> <div> <strong><span style="font-size:14px;">Duplicate Products</span></strong></div> <div> With the plethora of products available in the market, complaints about duplicate products are also on the rise. Cosmetics products with similar labels and packaging has become a pertinent issue for all cosmetics users. The separation of duplicate products from original ones is almost impossible without proper government regulation.</div> <div> It is hard to decide on the right one due to the availability of brands that claim to be original. However, one can avoid usage of unnecessary and harmful chemicals with long-term consequences on the health of one’s skin by taking precautions and advice from experts.</div> <div> </div>', 'published' => true, 'created' => '2013-08-12', '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' => 'There are plenty of cosmetic stores in Kathmandu and all of them seem to have their own set of customers to deal with. Cosmetics business is considered to be among the most thriving businesses in the capital.', 'sortorder' => '1471', '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' => '1624', 'article_category_id' => '109', 'title' => 'Promoter Shares Conversion Of Seven Banks', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong>--By TC Correspondent</strong></div> <div> </div> <div> The share holding structure of seven commercial banks has been changed. With this, the promoter’s shares in these banks will be 51 percent while the remaining 49 percent will be public shares. These seven banks are NB Bank, NCC Bank, NMB Bank, Kumari Bank, Siddhartha Bank, Sanima Bank and NIC Asia Bank. </div> <div> </div> <div> The central bank allows promoters to offload their shares and turn them into ordinary shares after the lock-in period of five years is over and if the annual general meeting of the respective financial institution endorses the decision to increase public equity in the institution. </div> <div> According to Sebon's Security Registration and Issue Regulation 2064, these promoter shares are to be converted to public shares through the process of offer documents as is followed during an initial public offering.</div>', 'published' => true, 'created' => '2013-08-12', '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 share holding structure of seven commercial banks has been changed. With this, the promoter’s shares in these banks will be 51 percent while the remaining 49 percent will be public shares.', 'sortorder' => '1485', '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' => '1623', 'article_category_id' => '109', 'title' => 'ICS, Nepal Delivers Technology To AHCX, Malawi', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> AHL Commodities Exchange Ltd (AHCX), Malawi's first commodity exchange has successfully started live operations from August 6 in Malawi using exchange technology provided by Inter Continental Systems (ICS), Nepal. AHCX is a newly formed commodity exchange in Malawi with the primary objective of providing efficient market place for different kinds of agricultural commodities,with motto of betterment of Malawian agricultural economy and ecosystem. </div> <div> </div> <div> ICS delivered seamless technology solutions to AHCX for their Electronic Warehouse & Collateral Management System,Client & Membership Management System, Quality Grading & Certification ,Trading Operations System, Risk Management & Surveillance System, Clearing & Settlement System and Market Information System </div> <div> </div> <div> On an occasion, Santosh Pradhan, CEO, ICS, stated selection by AHCX fully illustrates the breadth of ICSs' capabilities with the provision of exchange, trading, & risk management technology. </div> <div> </div> <div> Similarly, ERD Matabwa, Chairman , AHCX Board, opined that AHCX selected ICS after a thorough and extensive bid review of many vendors on the market. ICS demonstrated its capability to deliver the solution to their utmost satisfaction.</div>', 'published' => true, 'created' => '2013-08-12', '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' => 'AHL Commodities Exchange Ltd (AHCX), Malawi's first commodity exchange has successfully started live operations from August 6 in Malawi using exchange technology provided by Inter Continental Systems (ICS), Nepal.', 'sortorder' => '1484', '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' => '1622', 'article_category_id' => '150', 'title' => 'Business Briefs (12 - 18 August 2013)', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong><span style="font-size:14px;"><img alt="Mahindra Showroom at Chuchhepati" src="/userfiles/images/mahindara.jpg" style=" float: left; margin: 0px 10px 0px 0px;width: 150px; height: 75px;" />Mahindra Showroom at Chuchhepati </span></strong></div> <div> SG Global Pvt Ltd, the Authorized Distributor of Mahindra two-wheelers in Nepal has opened a new showroom in Chuchhepati, Chabahil. The new showroom located will have on display the entire range of 125cc scooters Rodeo RZ, Duro DZ, Flyte and motorcycles 110cc Centuro and Pantero. The spacious showroom is aesthetically designed to offer best convenience and experience to customers, says a press release. </div> <div> </div> <div> <strong><span style="font-size:14px;"><img alt="New Ncell Centre in Rajbiraj " src="/userfiles/images/ncellcenter.jpg" style=" float: left; margin: 0px 10px 0px 0px;width: 150px; height: 95px;" />New Ncell Centre in Rajbiraj </span></strong></div> <div> Ncell inaugurated new Ncell Centre in Neta Chowk, Rajbiraj. Ncell’s Legal and Government Liaison Director Kamal Khanal and Customer Relations Director Soma Thapa jointly inaugurated the Centre. From the centre, Ncell subscribers can avail services such as SIM exchange, GPRS, MMS, settings, international roaming, call details, balance transfer, bill payments, corporate services, blackberry service, and change of ownership, among others. </div> <div> </div> <div> <strong><span style="font-size:14px;"><img alt="Toshiba P2300" src="/userfiles/images/toshiba.jpg" style=" float: left; margin: 0px 10px 0px 0px;width: 150px; height: 116px;" />Toshiba P2300 in the Nepali Market </span></strong></div> <div> EOL Pvt Ltd has launched Toshiba P2300 LED Power TV in the market. According to the company, the TV is explicitly developed to meet the needs and requirements of Asian market. According to a press release, the TV offers intuitive operation and enhanced viewer satisfaction, and comes with better picture, sound and connectivity. The TV delivers the best viewing experience and sharpens and brightens sports and action scenes by balancing and optimizing the combined performance of the TV panel, video processing and backlight technology, says the release. </div> <div> </div> <div> <strong><span style="font-size:14px;"><img alt="Malee Juice" src="/userfiles/images/malee.jpg" style=" float: left; margin: 0px 10px 0px 0px;width: 150px; height: 116px;" />Malee Juice in Nepal </span></strong></div> <div> Thailand’s renowned Malee juice is now available in the Nepali market. The juice comes in Orange, Apple, Grape, Pineapple, Guava, Pomegranate, Carrot, Tomato, Mixed Fruit and Mixed Vegetables falavours, and is available in major shopping malls of Nepal. The juice has been launched with the punch line ‘Fruit with Care’. </div> <div> </div> <div> </div> <div> <strong><span style="font-size:14px;">Kaspersky’s New Antivirus and Internet Security </span></strong></div> <div> Sagar Software and Traders, the sole authorized distributor of Kaspersky products for Nepal has launched Kaspersky Antivirus 2014 and Kaspersky Internet Security 2014 in the market. According to the company, the products are the latest versions of proven security solutions for home users.</div> <div> </div>', 'published' => true, 'created' => '2013-08-12', 'modified' => '2013-08-12', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'SG Global Pvt Ltd, the Authorized Distributor of Mahindra two-wheelers in Nepal has opened a new showroom in Chuchhepati, Chabahil.', 'sortorder' => '1483', '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' => '1621', 'article_category_id' => '149', 'title' => 'Going From Strength To Strength', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> <strong>--By Suraksha Adhikari</strong></div> <div> </div> <table align="right" border="0" cellpadding="1" cellspacing="1"> <tbody> <tr> <td> <img alt="Bhaskar Munankarmi, Assistant Manager, Him Electronics Pvt Ltd" src="/userfiles/images/bhaskar(1).jpg" style="width: 175px; height: 185px;" /></td> </tr> <tr> <td style="text-align: center;"> <div> <strong>Bhaskar Munankarmi</strong></div> <div> <em>Assistant Manager</em></div> <div> <em>Him Electronics Pvt Ltd</em></div> </td> </tr> </tbody> </table> <div> Him Electronics Pvt Ltd was established in 1988 as a Consumer Electronics (CE) distributor in Nepal. A sister-concern of the Golchha Organisation, it is today the largest dealership and manufacturer of consumer electronics in the country. The company was established with the technical assistance of Sanyo Electrical Co Ltd and the Himstar brand was subsequently introduced with black and white televisions. Since then, the range of products offered by the brand has grown to cover some home appliances as well. </div> <div> </div> <div> The brand name ‘Himstar’ was kept so as to keep uniform and associated with the company Him Electronics Pvt Ltd. “The logo has a star in it, combined with yellow, black and white colours which are quite visible and justifies our motto of creating brand visibility,” says Bhaskar Munankarmi, Assistant Manager at Him Electronics Pvt Ltd. </div> <div> </div> <div> In the initial phase, the company focused on electric products like CFL, after which it gradually shifted to consumer electronics. “We have a variety of products and they are popular not just due to our reasonable price but also for our prompt service, after sales facility and best quality material,” claims Munankarmi. </div> <div> </div> <div> With more than 250 employees at present, the company’s popularity has risen gradually. “This has not been an overnight success - our patience and hard work has led us to our present position.” </div> <div> </div> <div> Him Electronics did not have a strong dealership network to begin with and had fewer portfolios in the market but it strengthened its network and added goods which led it to become a recognised brand. “Ever since the establishment of the company, continued effort was put in to provide better, efficient and prompt after sales service which has reinstated the service motive stronger than before,” Munankarmi explains. </div> <div> </div> <div> Initially focusing on the production of televisions, the company expanded its service to the production of electronic products keeping in mind the increasing requirements of customers today. This helped widen its scope and popularity in the last two decades. The company’s products were targeted to a middle class market that desired quality products at an affordable price, and it claims that it is the most affordable brand with good quality for middle class consumers. </div> <div> </div> <div> With 250 employees and 300 dealers across the country, the company is currently providing its services in Birtamod, Itahari, Biratnagar, Lahan, Janakpur, Birgunj, Narayanghat, Butwal, Pokhara, Dang, Nepalgunj and Dhangadi besides the Kathmandu Valley. “We have not planned to enter the international market as currently our focus is to cover the national market successfully,” states Munankarmi. </div> <div> </div> <div> With a strong market presence despite tough competition, the Himstar group believes that it has proven that brand issues come second to quality. “Despite well established competitors including CG, Videocon, Sony and Whirlpool, our quality products have maintained a good name in the mind of the consumer,” says Munankarmi. </div> <div> </div> <div> Himstar’s market share is approximately 18 per cent but the company aims to increase the number to 25 per cent in upcoming years for which a range of products are being marketed aggressively, according to Munankarmi. </div> <div> </div> <div> The list so far includes televisions, audio/video systems, refrigerators, washing machines, air conditioners, vacuum cleaners, microwave ovens, wrist watches, CFLs, circuit breakers and more. Along with these, the company is planning to provide a complete package of home appliances as they are preparing to penetrate the upper middle class market by tailoring its products according to demand. </div> <div> </div> <div> Focusing on strengthening its brand to enter this new turf, Him Electronics continues to maintain an incremental rate of profit of 20-25 per cent each year as a key part of its market strategy.</div>', 'published' => true, 'created' => '2013-08-12', 'modified' => '2013-08-12', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'Him Electronics Pvt Ltd was established in 1988 as a Consumer Electronics (CE) distributor in Nepal. A sister-concern of the Golchha Organisation, it is today the largest dealership and manufacturer of consumer electronics in the country.', 'sortorder' => '1482', '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' => '1620', 'article_category_id' => '115', 'title' => 'Lifestyle And Technology Tech Briefs (12 - 18 August 2013)', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong><span style="font-size:14px;"><img alt="Desmond Tutu" src="/userfiles/images/tutu.jpg" style=" float: left; margin: 0px 10px 0px 0px;width: 150px; height: 115px;" />Twitter Blocks Desmond Tutu’s Account </span></strong></div> <div> Nobel Peace Prize winner Desmond Tutu had his Twitter account suspended on Thursday for “aggressively following” other users, just hours after it was launched. The ex-archbishop’s @ TutuLegacy account racked up hundreds of followers in its first hours of use. “Some have described Twitter as a blessing in the hands of retired members of the clergy. There is no space to ramble,” Tutu tweeted before his account was blocked. His foundation expressed dismay at the decision. “Twitter has not explained how following 30 people could be construed as ‘aggressive following’,” it said in a statement. The foundation suggested “the number of people who followed @ TutuLegacy in a short space of time,” may have also been to blame. </div> <div> </div> <div> <strong><span style="font-size:14px;"><img alt="The New York Times" src="/userfiles/images/nytimes.jpg" style=" float: left; margin: 0px 10px 0px 0px;width: 150px; height: 100px;" />The New York Times not for Sale’ </span></strong></div> <div> The New York Times is not for sale, its publisher assured readers and staff on Thursday, less than a week after two other high-profile deals have shaken up the US newspaper industry. “Will our family seek to sell The Times? The answer to that is no,” said Arthur Sulzberger Jr., who also acts as chairman of the New York Times Co., in an email to employees. “The Times is not for sale, and the trustees of the Ochs- Sulzberger Trust and the rest of the family are united in our commitment to work together with the company’s board, senior management and employees to lead The New York Times forward into our global and digital future,” he said. </div> <div> </div> <div> <strong><span style="font-size:14px;"><img alt="Like" src="/userfiles/images/like.jpg" style=" float: left; margin: 0px 10px 0px 0px;width: 150px; height: 113px;" />Internet study finds the persuasive power of ‘Like’ </span></strong></div> <div> If you “like” this article on a site like Facebook, somebody who reads it is more likely to approve of it, even if the reporting and writing are not all that great. But surprisingly, an unfair negative reaction will not spur others to dislike the article. Instead, a thumbs-down view will soon be counteracted by thumbs up from other readers. Those are the implications of new research looking at the behavior of thousands of people reading online comments, scientists reported on Friday in the journal Science. </div> <div> </div> <div> <strong><span style="font-size:14px;"><img alt="LG G2 PHONE" src="/userfiles/images/lg(1).jpg" style=" float: left; margin: 0px 10px 0px 0px;width: 150px; height: 210px;" />LG Launches New Smartphone </span></strong></div> <div> LG on Wednesday announced G2, its new flagship Android phone. The device, which will be available gradually introduced in various markets worldwide in the coming months. The key feature of G2 is its placement of power and volume buttons. Unlike the traditional smartphones, G2 has these buttons under the main camera module on the back cover. According to LG, the “rear key” concept was implemented because it found that users feel uncomfortable in reaching out to side buttons while using big phones. </div> <div> </div> <div> <span style="font-size:14px;"><em>Key specs </em></span></div> <div> <em>Processor: 2.26GHz quad-core Qualcomm S800 Display: 5.2-inch FullHD IPS (1080 x 1920 pixels/423 ppi) Memory: 32GB/16GB RAM: 2GB DDR3 Camera: Rear 13MP with OIS/Front 2.1MP Battery: 3,000mAh Operating System: Android Jelly Bean 4.2.2 Size: 138.5 x 70.9 x 8.9mm Colors: Black/White</em></div>', 'published' => true, 'created' => '2013-08-12', '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' => 'Nobel Peace Prize winner Desmond Tutu had his Twitter account suspended on Thursday for “aggressively following” other users, just hours after it was launched.', 'sortorder' => '1481', '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' => '1619', 'article_category_id' => '159', 'title' => 'A Focused Workaholic', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong>--By Suraksha Adhikari</strong></div> <div> </div> <table align="right" border="0" cellpadding="1" cellspacing="1"> <tbody> <tr> <td> <img alt="Amit Gorkhali, Executive Director of Blitz Media Pvt Ltd" src="/userfiles/images/amit%20gorkhalo.jpg" style="width: 175px; height: 213px;" /></td> </tr> <tr> <td style="text-align: center;"> <div> <strong>Amit Gorkhali </strong></div> <div> <em>Executive Director</em></div> <div> <em>Blitz Media Pvt Ltd</em></div> </td> </tr> </tbody> </table> <div> Work-life balance is a challenge each individual takes upon differently. Amit Gorkhali, Executive Director of Blitz Media Pvt Ltd does not believe in balancing the two on an even scale at all times. “What we need is to work out our priorities where work takes precedence some days and family life on others,” says he. </div> <div> </div> <div> Prioritising work mostly, Gorkhali believes that this phase of his life is all about strategising and working hard to establish his career. A workaholic by nature, Gorkhali admits that he spends non-working hours watching television and surfing the internet. </div> <div> </div> <div> A day’s outing in the weekends is usually enough to help him unwind from the week before “I love to stroll around and admire my surroundings,” says the busy professional, otherwise a travel enthusiast. “I really want to go to Manang and Mustang but I am waiting for the right time when my inner voice pushes me to visit these places.” </div> <div> </div> <div> When Gorkhali has a long vacation, he prefers to go out of the country - to Malaysia, South Africa, Portugal and Spain. “These are beautiful countries to find rest and internal satisfaction in,” he shares. </div> <div> </div> <div> Gorkhali has a small circle of close friends who try to meet once every two months as a group. An avid sports lover, Gorkhali says he loves watching sports over playing them in real, and that his favourites include cricket, football, golf and basketball. </div> <div> </div> <div> Contrary to his profession, Gorkhali does not use social networking sites personally. “Being in the advertising industry, you would think I would really be into social networking, but these never appealed to me. I love to live my own life and keep it away from the prying eyes of the world,” he admitted. </div> <div> </div> <div> With a busy schedule, Gorkhali does not have much time for leisure but luckily his close friends are involved in the same business as him. “I don’t have to make plans to meet them as we all work together and it is a great feeling when your close mate is just a walk away from you,” he shares.</div> <div> </div>', 'published' => true, 'created' => '2013-08-12', 'modified' => '2013-08-12', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'Work-life balance is a challenge each individual takes upon differently. Amit Gorkhali, Executive Director of Blitz Media Pvt Ltd does not believe in balancing the two on an even scale at all times.', 'sortorder' => '1480', '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' => '1618', 'article_category_id' => '116', 'title' => 'Apple Wins Patent Case Against Samsung', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> Some older SamsungElectronics Co mobile devices face a sales and import ban in the United States after a US trade panel ruled for Apple Inc. in a high-profile patent infringement case. </div> <div> </div> <div> The U.S. International Trade Commission on Friday ruled that South Korea’s Samsung infringes on portions of two Apple Inc patents on digital mobile devices, covering the detection of headphone jacks and operation of touchscreens. The decision is likely to inflame passions in the long-running dispute and could spark a rebuke from South Korea. The panel moved to prohibit Samsung from importing, selling and distributing devices in the United States that infringe on certain claims on the patents. It is unclear how many Samsung phones and devices would be subject to the ban.All exclusion orders are sent to President Barack Obama, who has 60 days to review them. If he does not veto the order, it will go into effect.</div>', 'published' => true, 'created' => '2013-08-12', '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' => 'Some older SamsungElectronics Co mobile devices face a sales and import ban in the United States after a US trade panel ruled for Apple Inc. in a high-profile patent infringement case.', 'sortorder' => '1479', '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' => '1617', 'article_category_id' => '116', 'title' => 'Volkswagen Celebrates 1000th Car Sale', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> <strong>--By TC Correspondent</strong></div> <div> </div> <div> Pooja International Nepal, Authorized importer of Volkswagen organised a programme in its Lazimpat showroom on August 9 to celebrate the sale of 1000th Volkswagen in Nepal. Henning Hansen, First Secretary, Chargé d’Affaires, German Embassy Kathmandu was the chief guest for the programme. He handed over the car key to the 1000th owner of Volkswagen New Passat. </div> <div> </div> <div> Bibek Bijukchhe, Chief Executive Officer of Pooja International Nepal said in the programme that it was a great achievement that VW has been able to compete in mass segment while being known for its superior built quality. “It’s the brand, man, machine and network which helped us to be in the hearts of Nepali customers in just around three years,” said Bijukchhe. </div> <div> </div> <div> “We not only sold 1000 Volkswagens but we are market leader in almost all the segments like sedan, hatchback and SUV. In the fiscal year 2070/71 alone, we have target to deliver 800 cars nationwide,” said Sarik Bogati, Marketing Manager at Pooja International. </div> <div> </div> <div> Volkswagen is coming up with fresh 2013 models of cars and is also planning to launch new variant of Polo during the upcoming NADA auto show. The company will also bring attractive schemes during the show.</div> <div> </div>', 'published' => true, 'created' => '2013-08-12', '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' => 'Pooja International Nepal, Authorized importer of Volkswagen organised a programme in its Lazimpat showroom on August 9 to celebrate the sale of 1000th Volkswagen in Nepal.', 'sortorder' => '1478', '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' => '1616', 'article_category_id' => '100', 'title' => 'Tourism Briefs (12 -18 August 2013)', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong><span style="font-size:14px;"><img alt="IATO Convention" src="/userfiles/images/IATO.jpg" style=" float: left; margin: 0px 10px 0px 0px;width: 100px; height: 73px;" />IATO Convention to Be Held in Kochi</span></strong></div> <div> The 29th annual convention on the Indian Association of Tour Operators in Kochi, Kerala next month will focus on innovation. The annual convention held at the Le Meridien Hotel from 8-11 September 2013 will be held under the theme ‘Tourism – Innovation and Partnership. Lally Mathews, co-chairman of the convention told Travel Daily that Social Media will have a special focus at the convention with foreign experts giving an insight at the business session. “Business sessions will also be held on crisis management and safety of tourists,” said Mathews. (Traveldailymedia.com)</div> <div> </div> <div> <span style="font-size:14px;"><strong>A New Asian Airline Launched</strong></span></div> <div> A new Asian airline is launched at Bangkok’s Suvarnabhumi Airport. Asia Atlantic Airlines will initially offer flights to Tokyo and Osaka with two Boeing 767-300ER aircrafts. It has further plans to launch flights from the Thailand airport to China, South Korea, Guam and Hawaii. The airline has been set up by Japan-based H.I.S Group and Thailand’s Baiyoke Group and aims to become a “dynamic new force” in Asia’s airline industry. Its customers will have access to a lounge dedicated immigration counters at Suvarnabhumi Airport. (Traveldailymedia.com) </div> <div> </div> <div> <strong><span style="font-size:14px;">Business Travel Spending to Grow Globally</span></strong></div> <div> Global business travel spending is expected to rise throughout 2013 and continue its ascent over the next several years, according to the latest installment of the GBTA BTI Outlook – Annual Global Report & Forecast, sponsored by Visa, Inc. Global spending on business travel is forecast to reach $1.12 trillion in 2013, a 5.4 per cent increase from 2012, with travel spend stabilizing after a year rocked by worldwide economic and political uncertainty. Steady business travel spending in the second half of 2013 is expected to lay the foundation for 8.2 per cent growth in 2014, followed by 7.6 per cent, 7.2 per cent and 7.1 per cent growth in 2015, 2016 and 2017 respectively. The report, which details travel spending in 75 countries, along with the top industries, economic factors and characteristics that influence business travel, finds that developing markets around the world – particularly countries in the Asia Pacific and Latin America regions - will permanently reshape the business travel landscape. (Traveldailynews.com)</div> <div> </div> <div> <strong><span style="font-size:14px;"><img alt="Ukraine - Cheapest Tourist Destination" src="/userfiles/images/Ukraine(1).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 100px;" />Ukraine - Cheapest Tourist Destination among UNWTO's Top 20 </span></strong></div> <div> On average, a tourist visiting Ukraine in 2012 spent little over USD 200. This is the absolute lowest among the 20 most popular tourist destinations, according to the UN World Tourism Organization. Rich historical heritage as well as the UEFA European Football Championship EURO 2012 attracted tourists to the Eastern European country. A total of 23 million tourists visited Ukraine in 2012 and spent USD 4.8 billion. Cultural wealth, the warmth of the people, and the fact that travelers can live large for under USD 50 a day lure the tourists in, reckons Christine Sarkis of Smarter Travel, popular tourism portal. In the website's rating Ukraine became number one destination to visit while it's still cheap. (Traveldailynews.com)</div> <div> </div>', 'published' => true, 'created' => '2013-08-12', '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 29th annual convention on the Indian Association of Tour Operators in Kochi, Kerala next month will focus on innovation.', 'sortorder' => '1477', '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' => '1615', 'article_category_id' => '99', 'title' => 'Radisson Gets New GM', 'sub_title' => '', 'summary' => null, 'content' => '<div> <img alt="Anil Malik" src="/userfiles/images/Anil%20Malik.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 125px; height: 73px;" />Anil Malik has joined Radisson Hotel Kathmandu as the new General Manager from 9th August 2013. Having 14 years of experience in hospitality industry, Malik was the General Manager of Country Inn and Suites by Carlson Haridwar from August 2012 till February 2013 before joining Radisson Hotel Kathmandu.</div> <div> </div>', 'published' => true, 'created' => '2013-08-12', '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' => 'Anil Malik has joined Radisson Hotel Kathmandu as the new General Manager from 9th August 2013.', 'sortorder' => '1476', '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' => '1614', 'article_category_id' => '99', 'title' => 'Tourism Festival In December', 'sub_title' => '', 'summary' => null, 'content' => '<div> Nepal National Business Association, Rupandehi is organising the National Commercial Business Festival as well as the Agriculture and Tourism festival, to be held from December 6 to 17 in Bhairhawa. Manish Kumar Joshi, President of the association said that there will be 300 stalls in the festival at a press conference. </div> <div> </div> <div> The festival would promote Lumbini as a tourist destination and would also help in the commercialisation of agriculture. “The festival will help market local handicraft products and develop Siddhartha Nagar as a tourism and industrial corridor.” Joshi added.</div> <div> </div> <div> Around three hundred thousand people are expected to visit the festival, according to the organizers, with a total cost amounting to Rs5.4 million approximately. The entry fee for students is Rs 30 per head and Rs 40 per head for adults. </div> <div> </div>', 'published' => true, 'created' => '2013-08-12', '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 National Business Association, Rupandehi is organising the National Commercial Business Festival as well as the Agriculture and Tourism festival, to be held from December 6 to 17 in Bhairhawa. Manish Kumar Joshi, President of the association said that there will be 300 stalls in the festival at a press conference.', 'sortorder' => '1475', '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' => '1613', 'article_category_id' => '99', 'title' => 'Momo Festival In Pokhara', 'sub_title' => '', 'summary' => null, 'content' => '<div> Momo festival 2070 is being held for the first time in Pokhara with an initiative by organisers from Trainers Nepal. The festival will be held at the Pokhara Mall, Prithvi Chowk on August 20-21. </div> <div> </div> <div> The festival will be offering 15 varieties of momos to visitors including chilly, green, fish, potato, sausage, kothey, Tibetan pork, chicken, mutton and vegetable momo. Organisers are confident of the success of the festival as momos are considered to be the most popular food across all age groups in Nepal. “The festival will also market Pokhara as a place that serves different flavours of momos,” says the president of the organising team. The festival is believed to be useful for the promotion of business in Pokhara. The total investment for the festival amounts to Rs 1.4 million. There would be 25 stalls in total and the festival will include some programmes for entertainment as well. </div>', 'published' => true, 'created' => '2013-08-12', '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' => 'Momo festival 2070 is being held for the first time in Pokhara with an initiative by organisers from Trainers Nepal. The festival will be held at the Pokhara Mall, Prithvi Chowk on August 20-21.', 'sortorder' => '1474', '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' => '1612', 'article_category_id' => '99', 'title' => 'Tranquility Spa: For Peace And Bliss', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> <strong>--By Sujan Tiwari</strong></div> <div> </div> <div> Tranquility Spa, the first Day Spa Centre in Nepal and the one to be recognized by Nepal Tourism Board, has been providing its services for six years now. The Spa is run by professionals having experience of 30 years in the industry. Bhuwan Phaiju, Chairman of Tranquility Spa has years of experience in providing spa services at 5 Star hotels in Nepal and abroad. “I have been working in the sector from the time when people knew nothing about spas. In recent days, people are becoming more aware of the health benefits of spa, and the number is ever increasing,” says Phaiju. </div> <div> </div> <div> When Phaiju first started his own spa, he was faced with a big problem as there were not many trained spa therapists and workers in Nepal. “When I advertised in the papers calling for spa therapists, we only got response from beauticians and barbers. Not a single therapist applied,” recalls Phaiju. To cope with the problem, he also established a spa training centre and started providing training. In this way, he produced the needed manpower for his Spa himself. Today, those trained from his training centre are working in numerous spas in Nepal and abroad as the demand for such therapists is very high. </div> <div> </div> <div> Tranquility Spa’s initial days were not easy ones. A lot of customers came, but with different expectations owing to the stigma attached with massage centres and spas. Phaiju said he spent a lot of time explaining to his customers the real meaning and benefits of spa. A few tried the services and they almost always returned, says he. Slowly the Spa gained popularity among foreigners and Nepalis as well. Today, Tranquillity Spa has already made a name for itself, and has its branches in Lazimpat, Thamel, Kupondole, Pokhara and in a few 5 star hotels. Almost 70 per cent of its customers are Nepalis, indicating that people are becoming interested in spa services. </div> <div> </div> <div> Spa, in its literal sense, means healing through water, and has been in practice since ancient Greek and Roman times. In plain words, the spa services use natural processes to heal any human ailments. Spa services are used around the world for its health benefits, rejuvenation and mental and physical healing. Though it started from bathing, now the spa services encompasses many aspects, like massage, Shirodhara, manicure, pedicure and many others. </div> <div> </div> <div> Tranquilty Spa uses natural healing techniques, Ayurveda and Amchi (Himalayan Herbs) to provide relief from illnesses, and improve the overall quality of life. The services offered here include Shirodhara, Ayurvedic massage, Deep Tissue massage, Spinal Massage, Hot Stone Therapy, Picu, Reflexology and Yoga among many others. The Spa also offers Sauna and Steam Bath and various beautification services like facial, body scrub, waxing, manicure and pedicure. </div> <div> </div> <div> According to Phaiju, the major benefit of using spa services is the improved blood circulation which in turn provides all other benefits. The improved blood circulation improves concentration, provides relaxation, detoxifies the body, improves immunity and increases the flow of oxygen in the body, claims Phaiju. “Spa is beneficial for all, and especially helps cure problems resulting from the busy urban lifestyle. Problems like anxiety, depression and hypertension get better by using our services,” says Phaiju. According to him, it is also beneficial for muscle and joint problems, uric acid, diabetes, migraine and almost all ailments. </div> <div> </div> <div> Tranquilty Spa charges foreigners and Nepalis differently, and Nepalis are offered services at relatively lower price. Services are offered depending upon customer’s choice and the problems they have. A visit to Tranquility Spa once could prove beneficial for both the robust and those with any ailments. Try once to let nature do the healing. </div> <div> </div> <div> <img alt="Tranquility Spa" src="/userfiles/images/tspa1.jpg" style="width: 300px; height: 181px;" /> <img alt="Tranquility Spa" src="/userfiles/images/tspa2.jpg" style="width: 202px; height: 181px;" /></div>', 'published' => true, 'created' => '2013-08-12', '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' => 'Tranquility Spa, the first Day Spa Centre in Nepal and the one to be recognized by Nepal Tourism Board, has been providing its services for six years now.', 'sortorder' => '1473', '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' => '1611', 'article_category_id' => '152', 'title' => 'Focus Briefs (12 - 18 August 2013)', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong><span style="font-size:14px;">LA Splash </span></strong></div> <div> B-Facto International Pvt Ltd introduced cosmetics brand LA Splash for the first time in Nepal. LA Splash, a division of John Davler, is a US based cosmetics brand which has been selling cosmetic products in around 35 countries since 1996. LA Splash has a huge cosmetics range, from products for eyes, lips, face and nails to primers, glitters and accessories. The cosmetics come in a variety of vibrant and trendy colors and shades, making it especially appealing to teenagers. Besides the shades and colours that appeal to youth, LA Splash also has a wide range of mineral based cosmetics, especially designed for women. The range offered is large enough to cater to the needs of women from any age group. LA Splash is reasonably priced and before introducing LA Splash in Nepal, the company conducted a survey to understand the marketability aspect among other factors. B-Facto International also offers free makeup trials in Civil Mall, Sundhara on the same floor as its showroom.</div> <div> </div> <div> <strong><span style="font-size:14px;">Mac Personal Care </span></strong></div> <div> Cosmetics products from Mac Personal Care Industry include cleansing milk, moisturiser, face wash, ginger shampoo and others. Birat Trading is the authorised distributor of the company in Nepal. Of the 65 different products, 53 items are being currently marketed in Nepal. The India based company claims it uses herbal extracts to manufacture the products, which is the main aspect of their product with the slogan “Truly Natural”. Besides India and Nepal, the cosmetic products are being marketed in Singapore. The products are being sampled in Dubai and the UAE. The company believes in informing the general public about the raw materials used to manufacture the products and the effects on their respective functions rather than decreasing the quality and the price of the product for marketing. </div> <div> </div> <div> <strong><span style="font-size:14px;">Enricher Herbal </span></strong></div> <div> Cosmoworld Cosmetic Industries introduced Enricher Herbal cosmetic products in the Nepali market. The company has been producing cosmetic products in Nepal for the last two years. It recently launched rose water, neem facewash, papaya facewash, papaya, aloe vera and neem cleansing milks, apricot scrub, facial massage cream, strawberry and vitamin E enriched nail polish remover, and cold wax, among others. According to the company, these products are available in the price range of Rs 60 to Rs 120. Cosmoworld said the products are made of different types of herbs and thus help protect the skin without any effects. The company has appointed San Impex as the authorized distributor for marketing and distributing Enricher Herbal products. The company banks on the huge demand for herbal cosmetic products in Nepal.</div> <div> </div> <div> <strong><span style="font-size:14px;">Diana of London </span></strong></div> <div> Diana of London (DoL), a brand owned by European cosmetic major MaxCare International, is a renowned brand in cosmetic products. In August 2012, Rishabh Trade Concern (RTC), its authorised distributor, introduced their products in the Nepali market. According to the company, the demand and market for cosmetics is growing every year in the country. RTC imports products from Maxcare International, Dubai. In Nepal, the company has introduced 44 varieties of DoL products — such as lipstick, nail polish, eye shadow, foundation, compact powder, eyeliner, mascara, et cetera — in as many as 500 different shades. Targeted at the upper middle class and high-end costumers, the brand is available in selected counters only. The company is selling their products through 23 counters in Kathmandu, Pokhara and Biratnagar. The price of products starts from Rs 260 and scales up to Rs 1,500. The most popular products of the brand include 2000 Kisses, Catwalk mascara and nail polish.</div> <div> </div>', 'published' => true, 'created' => '2013-08-12', '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' => 'B-Facto International Pvt Ltd introduced cosmetics brand LA Splash for the first time in Nepal. LA Splash, a division of John Davler, is a US based cosmetics brand which has been selling cosmetic products in around 35 countries since 1996.', 'sortorder' => '1472', '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' => '1610', 'article_category_id' => '153', 'title' => 'Growing Market For Cosmetic Products', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> <strong>--By TC Correspondent</strong></div> <div> </div> <div> Similar to the hundreds or perhaps thousands of grocery stores around town, there are cosmetic shops set up at every nook and corner of Kathmandu. From departmental stores to local beauty parlours, there is no dearth of cosmetic products for potential customers.</div> <div> </div> <div> Cosmetics products are mainly imported from abroad. Nepal gets its cosmetics products of various brands from a number of different countries. Needless to say, like other imports, a significant share of cosmetics products available in Nepal are manufactured in India.</div> <div> </div> <div> The market for cosmetics products has been growing quite significantly over the last few years. The availability of cosmetics products has increased appreciably and the consumption ratio too has increased with each passing year. The market boasts of leading cosmetics brands from the world. The domestic market for cosmetics products has come a long way as well with top notch global brands and established names from neighbouring countries available in the market. </div> <div> </div> <div> Traders say that the market for cosmetics products in the country is growing at about 25-30 per cent. They attribute the rise in demand for cosmetics products to the growing middle class and awareness about personal image and hygiene, which has resulted in greater spending on beauty and personal care products. “The market for cosmetic products in Nepal is very good. It is showing continuous growth,” an importer said, adding that people have become fashion conscious and do not mind spending on cosmetic products. According to him, the sales of cosmetics product are good in the cities as well as small towns. </div> <div> </div> <div> <strong><span style="font-size:14px;">Brands Galore</span></strong></div> <div> The domestic market features products of around 80 cosmetics brands including international brands like Lakme, L’Oreal, Garnier and Emami as well as Mac’s Lavera, Nova, Chase, Astaberry, Lotus, Ayur, Ole and Aroma Magic. Products from third countries were the top sellers until a few years ago but that scenario has changed. Approximately, 80 per cent of the cosmetic products sold in Nepal currently are imported from India. Other countries that Nepal imports cosmetic products from include China, Singapore, Thailand, UAE and Europe. </div> <div> </div> <div> “Nepali people are slowly understanding the importance of beauty and personal care products,” observed another trader. While cosmetic products used to be considered a luxury until a few years ago, they have turned into a necessity today. </div> <div> </div> <div> <strong><span style="font-size:14px;">Demanding Customers</span></strong></div> <div> Along with the growing market for cosmetic products, customer preference is changing drastically. People are demanding products as per their need in contrast to the past when customers used to simply buy products were available in the market. A lot of people are also moving from lesser priced products to premium ones. </div> <div> </div> <div> The rise in awareness due to the media has forced traders to bring in products to satiate the need of choosy and demanding customers. A leading importer remarked, “The awareness level of customers has turned the market fiercely competitive.” </div> <div> </div> <div> Though women still make up more than 80 per cent of the customers, the number of male customers is growing. The entry of products designed for men in recent years has helped the market grow significantly. Men’s products such as after shave, deodorant, perfume, hair gel and skin care items are popular among male customers.</div> <div> </div> <div> <strong><span style="font-size:14px;">Market Share</span></strong></div> <div> According to an estimate, medium range cosmetic products enjoy a market share of around 60 percent while the premium brands hold around 30 per cent share with the low-end segment garnering around 10 percent of the market.</div> <div> </div> <div> Traders are now giving special attention to all kinds of markets in the country. “Around 60 per cent of the market for cosmetic products within the Kathmandu Valley,” a trader said. Besides Kathmandu, consumption of cosmetics products is high in places like Pokhara, Dharan, Itahari and Butwal. The gap in sales between Kathmandu and the rest of the country is narrowing so much so that the ratio can come down to 50-50 not too far in the future.</div> <div> </div> <div> <strong><span style="font-size:14px;">Driving Factors</span></strong></div> <div> Cosmetics are an addiction among Nepalis, commented a store supervisor at a leading cosmetics store. She said that around 10 to 12 new brands enter the market every month and still, all of them manage to survive. She attributes this to the influence of western lifestyles and persuasive television programmes and cinema that have helped to push up the sales figures of cosmetics products. Consumption of cosmetic products is high in the rural market as well with remittance playing a crucial role. </div> <div> </div> <div> Customers living in small towns too have become more selective. People who used soaps for all purposes earlier are now shifting to products like shampoo and face wash. “An increase in the population in semi-urban and urban market places too has helped in the growth of sales for cosmetics products,” observed an industry insider. </div> <div> </div> <div> A change in the mindset of people has led to increasing demand for cosmetic products among male customers. While males in urban areas started using cosmetic products quite some time ago, rural males have started to use them recently. </div> <div> </div> <div> <strong><span style="font-size:14px;">Challenges</span></strong></div> <div> The encouraging growth in sales and turnover aside, traders are not happy with the way things are. They say that inconsistency of rules and procedures at the customs had slowed the growth of the market. An importer complained that traders are forced to declare higher prices at the customs by the officials. He says that they are thus compelled to sell products at a higher price due to the high import duty.</div> <div> </div> <div> <strong><span style="font-size:14px;">Duplicate Products</span></strong></div> <div> With the plethora of products available in the market, complaints about duplicate products are also on the rise. Cosmetics products with similar labels and packaging has become a pertinent issue for all cosmetics users. The separation of duplicate products from original ones is almost impossible without proper government regulation.</div> <div> It is hard to decide on the right one due to the availability of brands that claim to be original. However, one can avoid usage of unnecessary and harmful chemicals with long-term consequences on the health of one’s skin by taking precautions and advice from experts.</div> <div> </div>', 'published' => true, 'created' => '2013-08-12', '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' => 'There are plenty of cosmetic stores in Kathmandu and all of them seem to have their own set of customers to deal with. Cosmetics business is considered to be among the most thriving businesses in the capital.', 'sortorder' => '1471', '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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With this, the promoter’s shares in these banks will be 51 percent while the remaining 49 percent will be public shares. These seven banks are NB Bank, NCC Bank, NMB Bank, Kumari Bank, Siddhartha Bank, Sanima Bank and NIC Asia Bank. </div> <div> </div> <div> The central bank allows promoters to offload their shares and turn them into ordinary shares after the lock-in period of five years is over and if the annual general meeting of the respective financial institution endorses the decision to increase public equity in the institution. </div> <div> According to Sebon's Security Registration and Issue Regulation 2064, these promoter shares are to be converted to public shares through the process of offer documents as is followed during an initial public offering.</div>', 'published' => true, 'created' => '2013-08-12', '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 share holding structure of seven commercial banks has been changed. With this, the promoter’s shares in these banks will be 51 percent while the remaining 49 percent will be public shares.', 'sortorder' => '1485', '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' => '1623', 'article_category_id' => '109', 'title' => 'ICS, Nepal Delivers Technology To AHCX, Malawi', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> AHL Commodities Exchange Ltd (AHCX), Malawi's first commodity exchange has successfully started live operations from August 6 in Malawi using exchange technology provided by Inter Continental Systems (ICS), Nepal. AHCX is a newly formed commodity exchange in Malawi with the primary objective of providing efficient market place for different kinds of agricultural commodities,with motto of betterment of Malawian agricultural economy and ecosystem. </div> <div> </div> <div> ICS delivered seamless technology solutions to AHCX for their Electronic Warehouse & Collateral Management System,Client & Membership Management System, Quality Grading & Certification ,Trading Operations System, Risk Management & Surveillance System, Clearing & Settlement System and Market Information System </div> <div> </div> <div> On an occasion, Santosh Pradhan, CEO, ICS, stated selection by AHCX fully illustrates the breadth of ICSs' capabilities with the provision of exchange, trading, & risk management technology. </div> <div> </div> <div> Similarly, ERD Matabwa, Chairman , AHCX Board, opined that AHCX selected ICS after a thorough and extensive bid review of many vendors on the market. ICS demonstrated its capability to deliver the solution to their utmost satisfaction.</div>', 'published' => true, 'created' => '2013-08-12', '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' => 'AHL Commodities Exchange Ltd (AHCX), Malawi's first commodity exchange has successfully started live operations from August 6 in Malawi using exchange technology provided by Inter Continental Systems (ICS), Nepal.', 'sortorder' => '1484', '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' => '1622', 'article_category_id' => '150', 'title' => 'Business Briefs (12 - 18 August 2013)', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong><span style="font-size:14px;"><img alt="Mahindra Showroom at Chuchhepati" src="/userfiles/images/mahindara.jpg" style=" float: left; margin: 0px 10px 0px 0px;width: 150px; height: 75px;" />Mahindra Showroom at Chuchhepati </span></strong></div> <div> SG Global Pvt Ltd, the Authorized Distributor of Mahindra two-wheelers in Nepal has opened a new showroom in Chuchhepati, Chabahil. The new showroom located will have on display the entire range of 125cc scooters Rodeo RZ, Duro DZ, Flyte and motorcycles 110cc Centuro and Pantero. The spacious showroom is aesthetically designed to offer best convenience and experience to customers, says a press release. </div> <div> </div> <div> <strong><span style="font-size:14px;"><img alt="New Ncell Centre in Rajbiraj " src="/userfiles/images/ncellcenter.jpg" style=" float: left; margin: 0px 10px 0px 0px;width: 150px; height: 95px;" />New Ncell Centre in Rajbiraj </span></strong></div> <div> Ncell inaugurated new Ncell Centre in Neta Chowk, Rajbiraj. Ncell’s Legal and Government Liaison Director Kamal Khanal and Customer Relations Director Soma Thapa jointly inaugurated the Centre. From the centre, Ncell subscribers can avail services such as SIM exchange, GPRS, MMS, settings, international roaming, call details, balance transfer, bill payments, corporate services, blackberry service, and change of ownership, among others. </div> <div> </div> <div> <strong><span style="font-size:14px;"><img alt="Toshiba P2300" src="/userfiles/images/toshiba.jpg" style=" float: left; margin: 0px 10px 0px 0px;width: 150px; height: 116px;" />Toshiba P2300 in the Nepali Market </span></strong></div> <div> EOL Pvt Ltd has launched Toshiba P2300 LED Power TV in the market. According to the company, the TV is explicitly developed to meet the needs and requirements of Asian market. According to a press release, the TV offers intuitive operation and enhanced viewer satisfaction, and comes with better picture, sound and connectivity. The TV delivers the best viewing experience and sharpens and brightens sports and action scenes by balancing and optimizing the combined performance of the TV panel, video processing and backlight technology, says the release. </div> <div> </div> <div> <strong><span style="font-size:14px;"><img alt="Malee Juice" src="/userfiles/images/malee.jpg" style=" float: left; margin: 0px 10px 0px 0px;width: 150px; height: 116px;" />Malee Juice in Nepal </span></strong></div> <div> Thailand’s renowned Malee juice is now available in the Nepali market. The juice comes in Orange, Apple, Grape, Pineapple, Guava, Pomegranate, Carrot, Tomato, Mixed Fruit and Mixed Vegetables falavours, and is available in major shopping malls of Nepal. The juice has been launched with the punch line ‘Fruit with Care’. </div> <div> </div> <div> </div> <div> <strong><span style="font-size:14px;">Kaspersky’s New Antivirus and Internet Security </span></strong></div> <div> Sagar Software and Traders, the sole authorized distributor of Kaspersky products for Nepal has launched Kaspersky Antivirus 2014 and Kaspersky Internet Security 2014 in the market. According to the company, the products are the latest versions of proven security solutions for home users.</div> <div> </div>', 'published' => true, 'created' => '2013-08-12', 'modified' => '2013-08-12', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'SG Global Pvt Ltd, the Authorized Distributor of Mahindra two-wheelers in Nepal has opened a new showroom in Chuchhepati, Chabahil.', 'sortorder' => '1483', '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' => '1621', 'article_category_id' => '149', 'title' => 'Going From Strength To Strength', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> <strong>--By Suraksha Adhikari</strong></div> <div> </div> <table align="right" border="0" cellpadding="1" cellspacing="1"> <tbody> <tr> <td> <img alt="Bhaskar Munankarmi, Assistant Manager, Him Electronics Pvt Ltd" src="/userfiles/images/bhaskar(1).jpg" style="width: 175px; height: 185px;" /></td> </tr> <tr> <td style="text-align: center;"> <div> <strong>Bhaskar Munankarmi</strong></div> <div> <em>Assistant Manager</em></div> <div> <em>Him Electronics Pvt Ltd</em></div> </td> </tr> </tbody> </table> <div> Him Electronics Pvt Ltd was established in 1988 as a Consumer Electronics (CE) distributor in Nepal. A sister-concern of the Golchha Organisation, it is today the largest dealership and manufacturer of consumer electronics in the country. The company was established with the technical assistance of Sanyo Electrical Co Ltd and the Himstar brand was subsequently introduced with black and white televisions. Since then, the range of products offered by the brand has grown to cover some home appliances as well. </div> <div> </div> <div> The brand name ‘Himstar’ was kept so as to keep uniform and associated with the company Him Electronics Pvt Ltd. “The logo has a star in it, combined with yellow, black and white colours which are quite visible and justifies our motto of creating brand visibility,” says Bhaskar Munankarmi, Assistant Manager at Him Electronics Pvt Ltd. </div> <div> </div> <div> In the initial phase, the company focused on electric products like CFL, after which it gradually shifted to consumer electronics. “We have a variety of products and they are popular not just due to our reasonable price but also for our prompt service, after sales facility and best quality material,” claims Munankarmi. </div> <div> </div> <div> With more than 250 employees at present, the company’s popularity has risen gradually. “This has not been an overnight success - our patience and hard work has led us to our present position.” </div> <div> </div> <div> Him Electronics did not have a strong dealership network to begin with and had fewer portfolios in the market but it strengthened its network and added goods which led it to become a recognised brand. “Ever since the establishment of the company, continued effort was put in to provide better, efficient and prompt after sales service which has reinstated the service motive stronger than before,” Munankarmi explains. </div> <div> </div> <div> Initially focusing on the production of televisions, the company expanded its service to the production of electronic products keeping in mind the increasing requirements of customers today. This helped widen its scope and popularity in the last two decades. The company’s products were targeted to a middle class market that desired quality products at an affordable price, and it claims that it is the most affordable brand with good quality for middle class consumers. </div> <div> </div> <div> With 250 employees and 300 dealers across the country, the company is currently providing its services in Birtamod, Itahari, Biratnagar, Lahan, Janakpur, Birgunj, Narayanghat, Butwal, Pokhara, Dang, Nepalgunj and Dhangadi besides the Kathmandu Valley. “We have not planned to enter the international market as currently our focus is to cover the national market successfully,” states Munankarmi. </div> <div> </div> <div> With a strong market presence despite tough competition, the Himstar group believes that it has proven that brand issues come second to quality. “Despite well established competitors including CG, Videocon, Sony and Whirlpool, our quality products have maintained a good name in the mind of the consumer,” says Munankarmi. </div> <div> </div> <div> Himstar’s market share is approximately 18 per cent but the company aims to increase the number to 25 per cent in upcoming years for which a range of products are being marketed aggressively, according to Munankarmi. </div> <div> </div> <div> The list so far includes televisions, audio/video systems, refrigerators, washing machines, air conditioners, vacuum cleaners, microwave ovens, wrist watches, CFLs, circuit breakers and more. Along with these, the company is planning to provide a complete package of home appliances as they are preparing to penetrate the upper middle class market by tailoring its products according to demand. </div> <div> </div> <div> Focusing on strengthening its brand to enter this new turf, Him Electronics continues to maintain an incremental rate of profit of 20-25 per cent each year as a key part of its market strategy.</div>', 'published' => true, 'created' => '2013-08-12', 'modified' => '2013-08-12', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'Him Electronics Pvt Ltd was established in 1988 as a Consumer Electronics (CE) distributor in Nepal. A sister-concern of the Golchha Organisation, it is today the largest dealership and manufacturer of consumer electronics in the country.', 'sortorder' => '1482', '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' => '1620', 'article_category_id' => '115', 'title' => 'Lifestyle And Technology Tech Briefs (12 - 18 August 2013)', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong><span style="font-size:14px;"><img alt="Desmond Tutu" src="/userfiles/images/tutu.jpg" style=" float: left; margin: 0px 10px 0px 0px;width: 150px; height: 115px;" />Twitter Blocks Desmond Tutu’s Account </span></strong></div> <div> Nobel Peace Prize winner Desmond Tutu had his Twitter account suspended on Thursday for “aggressively following” other users, just hours after it was launched. The ex-archbishop’s @ TutuLegacy account racked up hundreds of followers in its first hours of use. “Some have described Twitter as a blessing in the hands of retired members of the clergy. There is no space to ramble,” Tutu tweeted before his account was blocked. His foundation expressed dismay at the decision. “Twitter has not explained how following 30 people could be construed as ‘aggressive following’,” it said in a statement. The foundation suggested “the number of people who followed @ TutuLegacy in a short space of time,” may have also been to blame. </div> <div> </div> <div> <strong><span style="font-size:14px;"><img alt="The New York Times" src="/userfiles/images/nytimes.jpg" style=" float: left; margin: 0px 10px 0px 0px;width: 150px; height: 100px;" />The New York Times not for Sale’ </span></strong></div> <div> The New York Times is not for sale, its publisher assured readers and staff on Thursday, less than a week after two other high-profile deals have shaken up the US newspaper industry. “Will our family seek to sell The Times? The answer to that is no,” said Arthur Sulzberger Jr., who also acts as chairman of the New York Times Co., in an email to employees. “The Times is not for sale, and the trustees of the Ochs- Sulzberger Trust and the rest of the family are united in our commitment to work together with the company’s board, senior management and employees to lead The New York Times forward into our global and digital future,” he said. </div> <div> </div> <div> <strong><span style="font-size:14px;"><img alt="Like" src="/userfiles/images/like.jpg" style=" float: left; margin: 0px 10px 0px 0px;width: 150px; height: 113px;" />Internet study finds the persuasive power of ‘Like’ </span></strong></div> <div> If you “like” this article on a site like Facebook, somebody who reads it is more likely to approve of it, even if the reporting and writing are not all that great. But surprisingly, an unfair negative reaction will not spur others to dislike the article. Instead, a thumbs-down view will soon be counteracted by thumbs up from other readers. Those are the implications of new research looking at the behavior of thousands of people reading online comments, scientists reported on Friday in the journal Science. </div> <div> </div> <div> <strong><span style="font-size:14px;"><img alt="LG G2 PHONE" src="/userfiles/images/lg(1).jpg" style=" float: left; margin: 0px 10px 0px 0px;width: 150px; height: 210px;" />LG Launches New Smartphone </span></strong></div> <div> LG on Wednesday announced G2, its new flagship Android phone. The device, which will be available gradually introduced in various markets worldwide in the coming months. The key feature of G2 is its placement of power and volume buttons. Unlike the traditional smartphones, G2 has these buttons under the main camera module on the back cover. According to LG, the “rear key” concept was implemented because it found that users feel uncomfortable in reaching out to side buttons while using big phones. </div> <div> </div> <div> <span style="font-size:14px;"><em>Key specs </em></span></div> <div> <em>Processor: 2.26GHz quad-core Qualcomm S800 Display: 5.2-inch FullHD IPS (1080 x 1920 pixels/423 ppi) Memory: 32GB/16GB RAM: 2GB DDR3 Camera: Rear 13MP with OIS/Front 2.1MP Battery: 3,000mAh Operating System: Android Jelly Bean 4.2.2 Size: 138.5 x 70.9 x 8.9mm Colors: Black/White</em></div>', 'published' => true, 'created' => '2013-08-12', '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' => 'Nobel Peace Prize winner Desmond Tutu had his Twitter account suspended on Thursday for “aggressively following” other users, just hours after it was launched.', 'sortorder' => '1481', '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' => '1619', 'article_category_id' => '159', 'title' => 'A Focused Workaholic', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong>--By Suraksha Adhikari</strong></div> <div> </div> <table align="right" border="0" cellpadding="1" cellspacing="1"> <tbody> <tr> <td> <img alt="Amit Gorkhali, Executive Director of Blitz Media Pvt Ltd" src="/userfiles/images/amit%20gorkhalo.jpg" style="width: 175px; height: 213px;" /></td> </tr> <tr> <td style="text-align: center;"> <div> <strong>Amit Gorkhali </strong></div> <div> <em>Executive Director</em></div> <div> <em>Blitz Media Pvt Ltd</em></div> </td> </tr> </tbody> </table> <div> Work-life balance is a challenge each individual takes upon differently. Amit Gorkhali, Executive Director of Blitz Media Pvt Ltd does not believe in balancing the two on an even scale at all times. “What we need is to work out our priorities where work takes precedence some days and family life on others,” says he. </div> <div> </div> <div> Prioritising work mostly, Gorkhali believes that this phase of his life is all about strategising and working hard to establish his career. A workaholic by nature, Gorkhali admits that he spends non-working hours watching television and surfing the internet. </div> <div> </div> <div> A day’s outing in the weekends is usually enough to help him unwind from the week before “I love to stroll around and admire my surroundings,” says the busy professional, otherwise a travel enthusiast. “I really want to go to Manang and Mustang but I am waiting for the right time when my inner voice pushes me to visit these places.” </div> <div> </div> <div> When Gorkhali has a long vacation, he prefers to go out of the country - to Malaysia, South Africa, Portugal and Spain. “These are beautiful countries to find rest and internal satisfaction in,” he shares. </div> <div> </div> <div> Gorkhali has a small circle of close friends who try to meet once every two months as a group. An avid sports lover, Gorkhali says he loves watching sports over playing them in real, and that his favourites include cricket, football, golf and basketball. </div> <div> </div> <div> Contrary to his profession, Gorkhali does not use social networking sites personally. “Being in the advertising industry, you would think I would really be into social networking, but these never appealed to me. I love to live my own life and keep it away from the prying eyes of the world,” he admitted. </div> <div> </div> <div> With a busy schedule, Gorkhali does not have much time for leisure but luckily his close friends are involved in the same business as him. “I don’t have to make plans to meet them as we all work together and it is a great feeling when your close mate is just a walk away from you,” he shares.</div> <div> </div>', 'published' => true, 'created' => '2013-08-12', 'modified' => '2013-08-12', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'Work-life balance is a challenge each individual takes upon differently. Amit Gorkhali, Executive Director of Blitz Media Pvt Ltd does not believe in balancing the two on an even scale at all times.', 'sortorder' => '1480', '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' => '1618', 'article_category_id' => '116', 'title' => 'Apple Wins Patent Case Against Samsung', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> Some older SamsungElectronics Co mobile devices face a sales and import ban in the United States after a US trade panel ruled for Apple Inc. in a high-profile patent infringement case. </div> <div> </div> <div> The U.S. International Trade Commission on Friday ruled that South Korea’s Samsung infringes on portions of two Apple Inc patents on digital mobile devices, covering the detection of headphone jacks and operation of touchscreens. The decision is likely to inflame passions in the long-running dispute and could spark a rebuke from South Korea. The panel moved to prohibit Samsung from importing, selling and distributing devices in the United States that infringe on certain claims on the patents. It is unclear how many Samsung phones and devices would be subject to the ban.All exclusion orders are sent to President Barack Obama, who has 60 days to review them. If he does not veto the order, it will go into effect.</div>', 'published' => true, 'created' => '2013-08-12', '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' => 'Some older SamsungElectronics Co mobile devices face a sales and import ban in the United States after a US trade panel ruled for Apple Inc. in a high-profile patent infringement case.', 'sortorder' => '1479', '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' => '1617', 'article_category_id' => '116', 'title' => 'Volkswagen Celebrates 1000th Car Sale', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> <strong>--By TC Correspondent</strong></div> <div> </div> <div> Pooja International Nepal, Authorized importer of Volkswagen organised a programme in its Lazimpat showroom on August 9 to celebrate the sale of 1000th Volkswagen in Nepal. Henning Hansen, First Secretary, Chargé d’Affaires, German Embassy Kathmandu was the chief guest for the programme. He handed over the car key to the 1000th owner of Volkswagen New Passat. </div> <div> </div> <div> Bibek Bijukchhe, Chief Executive Officer of Pooja International Nepal said in the programme that it was a great achievement that VW has been able to compete in mass segment while being known for its superior built quality. “It’s the brand, man, machine and network which helped us to be in the hearts of Nepali customers in just around three years,” said Bijukchhe. </div> <div> </div> <div> “We not only sold 1000 Volkswagens but we are market leader in almost all the segments like sedan, hatchback and SUV. In the fiscal year 2070/71 alone, we have target to deliver 800 cars nationwide,” said Sarik Bogati, Marketing Manager at Pooja International. </div> <div> </div> <div> Volkswagen is coming up with fresh 2013 models of cars and is also planning to launch new variant of Polo during the upcoming NADA auto show. The company will also bring attractive schemes during the show.</div> <div> </div>', 'published' => true, 'created' => '2013-08-12', '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' => 'Pooja International Nepal, Authorized importer of Volkswagen organised a programme in its Lazimpat showroom on August 9 to celebrate the sale of 1000th Volkswagen in Nepal.', 'sortorder' => '1478', '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' => '1616', 'article_category_id' => '100', 'title' => 'Tourism Briefs (12 -18 August 2013)', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong><span style="font-size:14px;"><img alt="IATO Convention" src="/userfiles/images/IATO.jpg" style=" float: left; margin: 0px 10px 0px 0px;width: 100px; height: 73px;" />IATO Convention to Be Held in Kochi</span></strong></div> <div> The 29th annual convention on the Indian Association of Tour Operators in Kochi, Kerala next month will focus on innovation. The annual convention held at the Le Meridien Hotel from 8-11 September 2013 will be held under the theme ‘Tourism – Innovation and Partnership. Lally Mathews, co-chairman of the convention told Travel Daily that Social Media will have a special focus at the convention with foreign experts giving an insight at the business session. “Business sessions will also be held on crisis management and safety of tourists,” said Mathews. (Traveldailymedia.com)</div> <div> </div> <div> <span style="font-size:14px;"><strong>A New Asian Airline Launched</strong></span></div> <div> A new Asian airline is launched at Bangkok’s Suvarnabhumi Airport. Asia Atlantic Airlines will initially offer flights to Tokyo and Osaka with two Boeing 767-300ER aircrafts. It has further plans to launch flights from the Thailand airport to China, South Korea, Guam and Hawaii. The airline has been set up by Japan-based H.I.S Group and Thailand’s Baiyoke Group and aims to become a “dynamic new force” in Asia’s airline industry. Its customers will have access to a lounge dedicated immigration counters at Suvarnabhumi Airport. (Traveldailymedia.com) </div> <div> </div> <div> <strong><span style="font-size:14px;">Business Travel Spending to Grow Globally</span></strong></div> <div> Global business travel spending is expected to rise throughout 2013 and continue its ascent over the next several years, according to the latest installment of the GBTA BTI Outlook – Annual Global Report & Forecast, sponsored by Visa, Inc. Global spending on business travel is forecast to reach $1.12 trillion in 2013, a 5.4 per cent increase from 2012, with travel spend stabilizing after a year rocked by worldwide economic and political uncertainty. Steady business travel spending in the second half of 2013 is expected to lay the foundation for 8.2 per cent growth in 2014, followed by 7.6 per cent, 7.2 per cent and 7.1 per cent growth in 2015, 2016 and 2017 respectively. The report, which details travel spending in 75 countries, along with the top industries, economic factors and characteristics that influence business travel, finds that developing markets around the world – particularly countries in the Asia Pacific and Latin America regions - will permanently reshape the business travel landscape. (Traveldailynews.com)</div> <div> </div> <div> <strong><span style="font-size:14px;"><img alt="Ukraine - Cheapest Tourist Destination" src="/userfiles/images/Ukraine(1).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 100px;" />Ukraine - Cheapest Tourist Destination among UNWTO's Top 20 </span></strong></div> <div> On average, a tourist visiting Ukraine in 2012 spent little over USD 200. This is the absolute lowest among the 20 most popular tourist destinations, according to the UN World Tourism Organization. Rich historical heritage as well as the UEFA European Football Championship EURO 2012 attracted tourists to the Eastern European country. A total of 23 million tourists visited Ukraine in 2012 and spent USD 4.8 billion. Cultural wealth, the warmth of the people, and the fact that travelers can live large for under USD 50 a day lure the tourists in, reckons Christine Sarkis of Smarter Travel, popular tourism portal. In the website's rating Ukraine became number one destination to visit while it's still cheap. (Traveldailynews.com)</div> <div> </div>', 'published' => true, 'created' => '2013-08-12', '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 29th annual convention on the Indian Association of Tour Operators in Kochi, Kerala next month will focus on innovation.', 'sortorder' => '1477', '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' => '1615', 'article_category_id' => '99', 'title' => 'Radisson Gets New GM', 'sub_title' => '', 'summary' => null, 'content' => '<div> <img alt="Anil Malik" src="/userfiles/images/Anil%20Malik.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 125px; height: 73px;" />Anil Malik has joined Radisson Hotel Kathmandu as the new General Manager from 9th August 2013. Having 14 years of experience in hospitality industry, Malik was the General Manager of Country Inn and Suites by Carlson Haridwar from August 2012 till February 2013 before joining Radisson Hotel Kathmandu.</div> <div> </div>', 'published' => true, 'created' => '2013-08-12', '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' => 'Anil Malik has joined Radisson Hotel Kathmandu as the new General Manager from 9th August 2013.', 'sortorder' => '1476', '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' => '1614', 'article_category_id' => '99', 'title' => 'Tourism Festival In December', 'sub_title' => '', 'summary' => null, 'content' => '<div> Nepal National Business Association, Rupandehi is organising the National Commercial Business Festival as well as the Agriculture and Tourism festival, to be held from December 6 to 17 in Bhairhawa. Manish Kumar Joshi, President of the association said that there will be 300 stalls in the festival at a press conference. </div> <div> </div> <div> The festival would promote Lumbini as a tourist destination and would also help in the commercialisation of agriculture. “The festival will help market local handicraft products and develop Siddhartha Nagar as a tourism and industrial corridor.” Joshi added.</div> <div> </div> <div> Around three hundred thousand people are expected to visit the festival, according to the organizers, with a total cost amounting to Rs5.4 million approximately. The entry fee for students is Rs 30 per head and Rs 40 per head for adults. </div> <div> </div>', 'published' => true, 'created' => '2013-08-12', '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 National Business Association, Rupandehi is organising the National Commercial Business Festival as well as the Agriculture and Tourism festival, to be held from December 6 to 17 in Bhairhawa. Manish Kumar Joshi, President of the association said that there will be 300 stalls in the festival at a press conference.', 'sortorder' => '1475', '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' => '1613', 'article_category_id' => '99', 'title' => 'Momo Festival In Pokhara', 'sub_title' => '', 'summary' => null, 'content' => '<div> Momo festival 2070 is being held for the first time in Pokhara with an initiative by organisers from Trainers Nepal. The festival will be held at the Pokhara Mall, Prithvi Chowk on August 20-21. </div> <div> </div> <div> The festival will be offering 15 varieties of momos to visitors including chilly, green, fish, potato, sausage, kothey, Tibetan pork, chicken, mutton and vegetable momo. Organisers are confident of the success of the festival as momos are considered to be the most popular food across all age groups in Nepal. “The festival will also market Pokhara as a place that serves different flavours of momos,” says the president of the organising team. The festival is believed to be useful for the promotion of business in Pokhara. The total investment for the festival amounts to Rs 1.4 million. There would be 25 stalls in total and the festival will include some programmes for entertainment as well. </div>', 'published' => true, 'created' => '2013-08-12', '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' => 'Momo festival 2070 is being held for the first time in Pokhara with an initiative by organisers from Trainers Nepal. The festival will be held at the Pokhara Mall, Prithvi Chowk on August 20-21.', 'sortorder' => '1474', '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' => '1612', 'article_category_id' => '99', 'title' => 'Tranquility Spa: For Peace And Bliss', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> <strong>--By Sujan Tiwari</strong></div> <div> </div> <div> Tranquility Spa, the first Day Spa Centre in Nepal and the one to be recognized by Nepal Tourism Board, has been providing its services for six years now. The Spa is run by professionals having experience of 30 years in the industry. Bhuwan Phaiju, Chairman of Tranquility Spa has years of experience in providing spa services at 5 Star hotels in Nepal and abroad. “I have been working in the sector from the time when people knew nothing about spas. In recent days, people are becoming more aware of the health benefits of spa, and the number is ever increasing,” says Phaiju. </div> <div> </div> <div> When Phaiju first started his own spa, he was faced with a big problem as there were not many trained spa therapists and workers in Nepal. “When I advertised in the papers calling for spa therapists, we only got response from beauticians and barbers. Not a single therapist applied,” recalls Phaiju. To cope with the problem, he also established a spa training centre and started providing training. In this way, he produced the needed manpower for his Spa himself. Today, those trained from his training centre are working in numerous spas in Nepal and abroad as the demand for such therapists is very high. </div> <div> </div> <div> Tranquility Spa’s initial days were not easy ones. A lot of customers came, but with different expectations owing to the stigma attached with massage centres and spas. Phaiju said he spent a lot of time explaining to his customers the real meaning and benefits of spa. A few tried the services and they almost always returned, says he. Slowly the Spa gained popularity among foreigners and Nepalis as well. Today, Tranquillity Spa has already made a name for itself, and has its branches in Lazimpat, Thamel, Kupondole, Pokhara and in a few 5 star hotels. Almost 70 per cent of its customers are Nepalis, indicating that people are becoming interested in spa services. </div> <div> </div> <div> Spa, in its literal sense, means healing through water, and has been in practice since ancient Greek and Roman times. In plain words, the spa services use natural processes to heal any human ailments. Spa services are used around the world for its health benefits, rejuvenation and mental and physical healing. Though it started from bathing, now the spa services encompasses many aspects, like massage, Shirodhara, manicure, pedicure and many others. </div> <div> </div> <div> Tranquilty Spa uses natural healing techniques, Ayurveda and Amchi (Himalayan Herbs) to provide relief from illnesses, and improve the overall quality of life. The services offered here include Shirodhara, Ayurvedic massage, Deep Tissue massage, Spinal Massage, Hot Stone Therapy, Picu, Reflexology and Yoga among many others. The Spa also offers Sauna and Steam Bath and various beautification services like facial, body scrub, waxing, manicure and pedicure. </div> <div> </div> <div> According to Phaiju, the major benefit of using spa services is the improved blood circulation which in turn provides all other benefits. The improved blood circulation improves concentration, provides relaxation, detoxifies the body, improves immunity and increases the flow of oxygen in the body, claims Phaiju. “Spa is beneficial for all, and especially helps cure problems resulting from the busy urban lifestyle. Problems like anxiety, depression and hypertension get better by using our services,” says Phaiju. According to him, it is also beneficial for muscle and joint problems, uric acid, diabetes, migraine and almost all ailments. </div> <div> </div> <div> Tranquilty Spa charges foreigners and Nepalis differently, and Nepalis are offered services at relatively lower price. Services are offered depending upon customer’s choice and the problems they have. A visit to Tranquility Spa once could prove beneficial for both the robust and those with any ailments. Try once to let nature do the healing. </div> <div> </div> <div> <img alt="Tranquility Spa" src="/userfiles/images/tspa1.jpg" style="width: 300px; height: 181px;" /> <img alt="Tranquility Spa" src="/userfiles/images/tspa2.jpg" style="width: 202px; height: 181px;" /></div>', 'published' => true, 'created' => '2013-08-12', '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' => 'Tranquility Spa, the first Day Spa Centre in Nepal and the one to be recognized by Nepal Tourism Board, has been providing its services for six years now.', 'sortorder' => '1473', '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' => '1611', 'article_category_id' => '152', 'title' => 'Focus Briefs (12 - 18 August 2013)', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong><span style="font-size:14px;">LA Splash </span></strong></div> <div> B-Facto International Pvt Ltd introduced cosmetics brand LA Splash for the first time in Nepal. LA Splash, a division of John Davler, is a US based cosmetics brand which has been selling cosmetic products in around 35 countries since 1996. LA Splash has a huge cosmetics range, from products for eyes, lips, face and nails to primers, glitters and accessories. The cosmetics come in a variety of vibrant and trendy colors and shades, making it especially appealing to teenagers. Besides the shades and colours that appeal to youth, LA Splash also has a wide range of mineral based cosmetics, especially designed for women. The range offered is large enough to cater to the needs of women from any age group. LA Splash is reasonably priced and before introducing LA Splash in Nepal, the company conducted a survey to understand the marketability aspect among other factors. B-Facto International also offers free makeup trials in Civil Mall, Sundhara on the same floor as its showroom.</div> <div> </div> <div> <strong><span style="font-size:14px;">Mac Personal Care </span></strong></div> <div> Cosmetics products from Mac Personal Care Industry include cleansing milk, moisturiser, face wash, ginger shampoo and others. Birat Trading is the authorised distributor of the company in Nepal. Of the 65 different products, 53 items are being currently marketed in Nepal. The India based company claims it uses herbal extracts to manufacture the products, which is the main aspect of their product with the slogan “Truly Natural”. Besides India and Nepal, the cosmetic products are being marketed in Singapore. The products are being sampled in Dubai and the UAE. The company believes in informing the general public about the raw materials used to manufacture the products and the effects on their respective functions rather than decreasing the quality and the price of the product for marketing. </div> <div> </div> <div> <strong><span style="font-size:14px;">Enricher Herbal </span></strong></div> <div> Cosmoworld Cosmetic Industries introduced Enricher Herbal cosmetic products in the Nepali market. The company has been producing cosmetic products in Nepal for the last two years. It recently launched rose water, neem facewash, papaya facewash, papaya, aloe vera and neem cleansing milks, apricot scrub, facial massage cream, strawberry and vitamin E enriched nail polish remover, and cold wax, among others. According to the company, these products are available in the price range of Rs 60 to Rs 120. Cosmoworld said the products are made of different types of herbs and thus help protect the skin without any effects. The company has appointed San Impex as the authorized distributor for marketing and distributing Enricher Herbal products. The company banks on the huge demand for herbal cosmetic products in Nepal.</div> <div> </div> <div> <strong><span style="font-size:14px;">Diana of London </span></strong></div> <div> Diana of London (DoL), a brand owned by European cosmetic major MaxCare International, is a renowned brand in cosmetic products. In August 2012, Rishabh Trade Concern (RTC), its authorised distributor, introduced their products in the Nepali market. According to the company, the demand and market for cosmetics is growing every year in the country. RTC imports products from Maxcare International, Dubai. In Nepal, the company has introduced 44 varieties of DoL products — such as lipstick, nail polish, eye shadow, foundation, compact powder, eyeliner, mascara, et cetera — in as many as 500 different shades. Targeted at the upper middle class and high-end costumers, the brand is available in selected counters only. The company is selling their products through 23 counters in Kathmandu, Pokhara and Biratnagar. The price of products starts from Rs 260 and scales up to Rs 1,500. The most popular products of the brand include 2000 Kisses, Catwalk mascara and nail polish.</div> <div> </div>', 'published' => true, 'created' => '2013-08-12', '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' => 'B-Facto International Pvt Ltd introduced cosmetics brand LA Splash for the first time in Nepal. LA Splash, a division of John Davler, is a US based cosmetics brand which has been selling cosmetic products in around 35 countries since 1996.', 'sortorder' => '1472', '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' => '1610', 'article_category_id' => '153', 'title' => 'Growing Market For Cosmetic Products', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> <strong>--By TC Correspondent</strong></div> <div> </div> <div> Similar to the hundreds or perhaps thousands of grocery stores around town, there are cosmetic shops set up at every nook and corner of Kathmandu. From departmental stores to local beauty parlours, there is no dearth of cosmetic products for potential customers.</div> <div> </div> <div> Cosmetics products are mainly imported from abroad. Nepal gets its cosmetics products of various brands from a number of different countries. Needless to say, like other imports, a significant share of cosmetics products available in Nepal are manufactured in India.</div> <div> </div> <div> The market for cosmetics products has been growing quite significantly over the last few years. The availability of cosmetics products has increased appreciably and the consumption ratio too has increased with each passing year. The market boasts of leading cosmetics brands from the world. The domestic market for cosmetics products has come a long way as well with top notch global brands and established names from neighbouring countries available in the market. </div> <div> </div> <div> Traders say that the market for cosmetics products in the country is growing at about 25-30 per cent. They attribute the rise in demand for cosmetics products to the growing middle class and awareness about personal image and hygiene, which has resulted in greater spending on beauty and personal care products. “The market for cosmetic products in Nepal is very good. It is showing continuous growth,” an importer said, adding that people have become fashion conscious and do not mind spending on cosmetic products. According to him, the sales of cosmetics product are good in the cities as well as small towns. </div> <div> </div> <div> <strong><span style="font-size:14px;">Brands Galore</span></strong></div> <div> The domestic market features products of around 80 cosmetics brands including international brands like Lakme, L’Oreal, Garnier and Emami as well as Mac’s Lavera, Nova, Chase, Astaberry, Lotus, Ayur, Ole and Aroma Magic. Products from third countries were the top sellers until a few years ago but that scenario has changed. Approximately, 80 per cent of the cosmetic products sold in Nepal currently are imported from India. Other countries that Nepal imports cosmetic products from include China, Singapore, Thailand, UAE and Europe. </div> <div> </div> <div> “Nepali people are slowly understanding the importance of beauty and personal care products,” observed another trader. While cosmetic products used to be considered a luxury until a few years ago, they have turned into a necessity today. </div> <div> </div> <div> <strong><span style="font-size:14px;">Demanding Customers</span></strong></div> <div> Along with the growing market for cosmetic products, customer preference is changing drastically. People are demanding products as per their need in contrast to the past when customers used to simply buy products were available in the market. A lot of people are also moving from lesser priced products to premium ones. </div> <div> </div> <div> The rise in awareness due to the media has forced traders to bring in products to satiate the need of choosy and demanding customers. A leading importer remarked, “The awareness level of customers has turned the market fiercely competitive.” </div> <div> </div> <div> Though women still make up more than 80 per cent of the customers, the number of male customers is growing. The entry of products designed for men in recent years has helped the market grow significantly. Men’s products such as after shave, deodorant, perfume, hair gel and skin care items are popular among male customers.</div> <div> </div> <div> <strong><span style="font-size:14px;">Market Share</span></strong></div> <div> According to an estimate, medium range cosmetic products enjoy a market share of around 60 percent while the premium brands hold around 30 per cent share with the low-end segment garnering around 10 percent of the market.</div> <div> </div> <div> Traders are now giving special attention to all kinds of markets in the country. “Around 60 per cent of the market for cosmetic products within the Kathmandu Valley,” a trader said. Besides Kathmandu, consumption of cosmetics products is high in places like Pokhara, Dharan, Itahari and Butwal. The gap in sales between Kathmandu and the rest of the country is narrowing so much so that the ratio can come down to 50-50 not too far in the future.</div> <div> </div> <div> <strong><span style="font-size:14px;">Driving Factors</span></strong></div> <div> Cosmetics are an addiction among Nepalis, commented a store supervisor at a leading cosmetics store. She said that around 10 to 12 new brands enter the market every month and still, all of them manage to survive. She attributes this to the influence of western lifestyles and persuasive television programmes and cinema that have helped to push up the sales figures of cosmetics products. Consumption of cosmetic products is high in the rural market as well with remittance playing a crucial role. </div> <div> </div> <div> Customers living in small towns too have become more selective. People who used soaps for all purposes earlier are now shifting to products like shampoo and face wash. “An increase in the population in semi-urban and urban market places too has helped in the growth of sales for cosmetics products,” observed an industry insider. </div> <div> </div> <div> A change in the mindset of people has led to increasing demand for cosmetic products among male customers. While males in urban areas started using cosmetic products quite some time ago, rural males have started to use them recently. </div> <div> </div> <div> <strong><span style="font-size:14px;">Challenges</span></strong></div> <div> The encouraging growth in sales and turnover aside, traders are not happy with the way things are. They say that inconsistency of rules and procedures at the customs had slowed the growth of the market. An importer complained that traders are forced to declare higher prices at the customs by the officials. He says that they are thus compelled to sell products at a higher price due to the high import duty.</div> <div> </div> <div> <strong><span style="font-size:14px;">Duplicate Products</span></strong></div> <div> With the plethora of products available in the market, complaints about duplicate products are also on the rise. Cosmetics products with similar labels and packaging has become a pertinent issue for all cosmetics users. The separation of duplicate products from original ones is almost impossible without proper government regulation.</div> <div> It is hard to decide on the right one due to the availability of brands that claim to be original. However, one can avoid usage of unnecessary and harmful chemicals with long-term consequences on the health of one’s skin by taking precautions and advice from experts.</div> <div> </div>', 'published' => true, 'created' => '2013-08-12', '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' => 'There are plenty of cosmetic stores in Kathmandu and all of them seem to have their own set of customers to deal with. Cosmetics business is considered to be among the most thriving businesses in the capital.', 'sortorder' => '1471', '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
