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Code Context
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			'article_category_id' => '153',
			'title' => 'The Sportswear Market',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<strong><span style="font-size: 12px;">--By Pinaki Roy</span></strong></p>
<p>
	R etailing of sportswear products in Nepal has been growing due to the rise in income, changing lifestyle, and consumer preferences. “People are getting more health conscious and also getting increasingly interested in sporting activities which augurs well for sportswear business,” said Deepak Bista, Executive Director of Sports Universe, a sports goods store at New Baneshwor. Bista, also a former Olympian, added, “People coming to my store go back satisfied because the products here are of good quality and reasonably priced.”&nbsp;</p>
<p>
	To conduct sportswear business, not too long ago, was quite difficult as people were not as brand conscious as they are today. “It is disappointing to see at times that today’s kids are getting more inclined towards electronic gadgets than into sporting activities,” said Rahul Agrawal, Owner of Nike Store, “We must ensure that the sporting culture in our country retains its value.”</p>
<p>
	<strong>Increasing Brand Literacy&nbsp;</strong></p>
<p>
	However, aided by media like Internet and television, brand literacy rate has gone up. As a result, transaction volume of sportswear sales has considerably gone up in the span of the last few years. The ever increasing popularity of sporting activities along with the growing interest in sports such as football, cricket, martial arts and tennis among others has contributed to the growth of functional sportswear market in the country of late.</p>
<p>
	<strong>Major Players&nbsp;</strong></p>
<p>
	Roots Fashion, the authorised seller of Adidas in Nepal, has its showrooms mostly featuring sportswear including shoes, track suits, swimming costumes and T-shirts. Adidas showrooms also stocks caps, socks, bags, slippers, basketballs, footballs and hand bands and Adidas’ casual line. The brand enjoys enormous popularity among brand-conscious people in Kathmandu, and as a result, the company expanded its network in the country. Established in 2000, Roots Fashion maintains exclusive Adidas outlets at Durbar Marg, Kumaripati, Tripureshwor, City Centre, Putali Sadak and New Road.</p>
<p>
	Avenue Marketing, authorised distributor of Nike for Nepal, sells exclusive range of shoes from the American clothing and sport equipment giant. The company also has the latest line of jogging, lifestyle, tennis, football and basketball shoes from Nike Store at Durbar Marg. “We introduce the best designs and quality products to cater to the demand of our customers,” said Agrawal. While clothes at Nike Store are priced between Rs 900 and Rs 4,000, the shoes are in the range from Rs 2,000 to Rs 8,000.</p>
<p>
	Nike Store at Durbarmarg has been in operation for the last 11 years, informed Agrawal, “In recent times, the currency depreciation of Nepali Rupee vis-à-vis the US Dollar has us in a spot of bother as it makes the products dearer for the customers.” It is worth mentioning here that distributors of various sportswear brands in Nepal import their products from different parts of the world.&nbsp;</p>
<p>
	Anta Sports Nepal, a franchise store of the popular Chinese sports brand Anta, sells its products from its outlets at Jyatha, near Thamel which was the first Anta store opened in September 2011; Anta Building, Bhatbhateni; Saraswoti Nagar, Kapan; Dillibazaar and Sohrakhutte. The company came up with an aggressive expansion plan after witnessing a huge demand for its products. It has now opened new showrooms at Anta Tower, Durbarmarg; KL Tower, Chuchchepati; Jawalakhel, Lalitpur; and Pipalbot, Boudha and plans to expand to Pokhara and Biratnagar. Anta Sports Nepal claims to have a large number of repeat customers.&nbsp;</p>
<p>
	The store also updates its collection multiple times a year and keeps its customers informed about the merchandise, new arrivals, events, locations and discounts. The store offers a large selection of professional, functional and fashionable apparel, footwear and accessories in running, cross training, outdoor, basketball, tennis, futsal, football, casual and lifestyle series.&nbsp;</p>
<p>
	After ruling Nepali taekwondo for more than a decade, Deepak Bista forayed into business by opening Sports Universe, a sports goods showroom, at New Baneshwar earlier this year. He is one of four partners with equal shares in Sports Universe and credits one of the partners, with inspiring him to enter into business. “We sell sports accessories to players and sports institutions including schools and colleges,” said Bista. The store has a mix of various brands and sporting equipments under a single roof.</p>
<p>
	<strong><img alt="Sports Goods Showrooms" height="228" hspace="25" src="https://lh5.googleusercontent.com/-Qa6xctpTfX0/UdKAdZBhvgI/AAAAAAAAApg/1KWt_T5ybBQ/s600/sports.JPG" width="600" /><br />
	</strong></p>
<p>
	<strong>Secret of Success&nbsp;</strong></p>
<p>
	Reebok, a popular sportswear brand sold in Nepal by Sports Plaza, has been constantly working at diversifying its product range and to provide better options for customers. To serve this purpose, it introduced a range called ´classical´ to provide wider options to both men and women who look for ´American-inspired global product´. Reebok stores feature T-shirts, trousers, footwear, shorts and different accessories like caps, socks, summer shawls, among others. The Reebok store at Durbarmarg has wide varieties of apparels and footwear with classical looks because every year the company tweaks its designs so as to diversify its product range and provide better options for customers.</p>
<p>
	Anta Sports Nepal said its focus is mainly on customer service. “We are looking to establish a brand name on account of our reasonable pricing and quality service,” said a store attendant. Venturing in a market where top international sports brands had already made their mark was not easy. “It was very competitive to begin with but we have got a foothold in the market now with such a large collection of both men’s and women’s apparel in addition to footwear and accessories.”</p>
<p>
	<strong>Counterfeit Products&nbsp;</strong></p>
<p>
	Even though these stores claim to have sizeable loyal customer base, they said adding new costumers is still a tough job due to easy availability of counterfeit products. Unorganised players imitate product styles, brand logos and names, which adversely impacts the brand equity and sales brands. Although the future looks promising for the Nepali sportswear market, the industry still has a number of challenges to face including counterfeiting which is one of the biggest challenges sportswear brands are facing in Nepal today.</p>
<p>
	 </p>
<p>
	 </p>
<p>
	 </p>',
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			'description' => 'With more people taking up sports and exercise regimes in recent years, the popularity of sportswear has
been increasing in the country. The phenomenon is fast catching up due to increased brand consciousness.',
			'sortorder' => '1155',
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			'id' => '1292',
			'article_category_id' => '108',
			'title' => 'IPO Grade 3+ To RMDC IPO',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<span style="font-size: 12px;">ICRA Nepal has assigned IPO Grade 3+ to the proposed Initial Public Offering (IPO) of Rural Microfinance Development Centre Limited (RMDC), indicating the company’s fundamentals to be ‘average’. RMDC has proposed an IPO of 1,528,800 numbers of equity shares of face value Rs 100 each with a premium of Rs 80 per share for general public and 31,200 numbers of equity shares of Rs 100 each to its employees. Meanwhile, RMDC is waiting for final approval from SEBON for the issue.</span></p>
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			'description' => 'ICRA Nepal has assigned IPO Grade 3+ to the proposed Initial Public Offering (IPO) of Rural Microfinance Development Centre Limited (RMDC)',
			'sortorder' => '1154',
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			'article_category_id' => '108',
			'title' => 'Nepse Gets New GM',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<span style="font-size: 12px;">Sitaram Thapaliya has been appointed as general manager (GM) of Nepal Stock Exchange (Nepse). He is one of prominent share investors of Nepali stock market.&nbsp;</span></p>',
			'published' => true,
			'created' => '2013-07-02',
			'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' => 'Sitaram Thapaliya has been appointed as general manager (GM) of Nepal Stock Exchange (Nepse).',
			'sortorder' => '1153',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
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			'article_category_id' => '108',
			'title' => 'RBB In Rolpa',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<span style="font-size: 12px;">Rastriya Banijya Bank (RBB) has opened its 144th branch at Holari, Rolpa. The branch was inaugurated by RBB’s Nepalgunj Regional Office Chief Bir Bahadur Chand.&nbsp;</span></p>',
			'published' => true,
			'created' => '2013-07-02',
			'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' => 'Rastriya Banijya Bank (RBB) has opened its 144th branch at Holari, Rolpa',
			'sortorder' => '1152',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
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			'id' => '1289',
			'article_category_id' => '108',
			'title' => 'Sana Kisan Issuing IPO',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<span style="font-size: 12px;">Sana Kisan Bikas Bank Ltd is issuing 600,000 shares at Rs 100 face value to the public. Out of total 600,000 shares 30,000 have been set aside for mutual funds and 18,000 shares for the bank’s employees. After the IPO, the paid-up capital of the bank reaches Rs 200 million.&nbsp;</span></p>',
			'published' => true,
			'created' => '2013-07-02',
			'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' => 'Sana Kisan Bikas Bank Ltd is issuing 600,000 shares at Rs 100 face value to the public.',
			'sortorder' => '1151',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
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			'id' => '1288',
			'article_category_id' => '108',
			'title' => 'EBL ATM At Rupandehi',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<span style="font-size: 12px;">Everest Bank Ltd (EBL) has opened a 67th ATM terminal on the premises of Jagdamba Synthetics in Kamharia, Rupandehi. The ATM was jointly inaugurated by Dr Bal Gopal Baidhya, director of EBL and Bidur Dhungana of Jagdamba Synthetics.&nbsp;</span></p>',
			'published' => true,
			'created' => '2013-07-02',
			'modified' => '0000-00-00',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Everest Bank Ltd (EBL) has opened a 67th ATM terminal on the premises of Jagdamba Synthetics in Kamharia, Rupandehi.',
			'sortorder' => '1150',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
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			'id' => '1287',
			'article_category_id' => '108',
			'title' => 'NB Bank Goes Branchless At Ramkot',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<span style="font-size: 12px;">NB Bank has launched 3rd Branchless Banking Service in Ramkot VDC, Kathmandu. The bank has been providing the service under the brand name of ‘NB Ghardailoo Banking’.&nbsp;</span></p>',
			'published' => true,
			'created' => '2013-07-02',
			'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' => 'NB Bank has launched 3rd Branchless Banking Service in Ramkot VDC, Kathmandu.',
			'sortorder' => '1149',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
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			'id' => '1286',
			'article_category_id' => '108',
			'title' => 'NBL Extends Right Issue',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<span style="font-size: 12px;">Nepal Bank Limited (NBL) has extended its right share issue till July 11. Earlier the bank had set the final date of June 26.&nbsp;</span></p>',
			'published' => true,
			'created' => '2013-07-02',
			'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 Bank Limited (NBL) has extended its right share issue till July 11..',
			'sortorder' => '1148',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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			'id' => '1285',
			'article_category_id' => '108',
			'title' => 'BoK Launches Mahila Udhyamshil Karja',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<span style="font-size: 12px;">Bank of Kathmandu (BoK) on Monday (June 24) launched a new loan product called ´Mahila Udhyamshil Karja´, under which women can get loans of upto Rs 300,000 for a period of up to three years. The product was launched by BoK CEO Ajay Shrestha amidst a function held in Kathmand</span></p>',
			'published' => true,
			'created' => '2013-07-02',
			'modified' => '0000-00-00',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Bank of Kathmandu (BoK) on Monday (June 24) launched a new loan product called ´Mahila Udhyamshil Karja´',
			'sortorder' => '1147',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
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			'id' => '1284',
			'article_category_id' => '108',
			'title' => 'NHPCL Shares Trading Resumes',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<span style="font-size: 12px;">Trading of shares of National Hydro Power Co Ltd (NHPCL) resumed on Tuesday (June 25) as per interim order of Appellate Court, Patan. The trading of 13,851,862 shares of NHPCL was blocked due to the problem regarding the loan defaults from the promoter of the company, NB Group to various banks and financial institutions.&nbsp;</span></p>
<p>
	<span style="font-size: 12px;"><br />
	</span></p>
<p>
	<span style="font-size: 12px;"><br />
	</span></p>
<p>
	 </p>',
			'published' => true,
			'created' => '2013-07-02',
			'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' => 'Trading of shares of National Hydro Power Co Ltd (NHPCL) resumed..',
			'sortorder' => '1146',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
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			'id' => '1283',
			'article_category_id' => '108',
			'title' => 'Share Demat',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<span style="font-size: 12px;">Total of 21,018,400 shares of Citizen Bank are to be dematerialized as per an agreement signed with CDSCL on Thursday (June 27).&nbsp;</span></p>',
			'published' => true,
			'created' => '2013-07-02',
			'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' => 'Total of 21,018,400 shares of Citizen Bank are to be dematerialized..',
			'sortorder' => '1145',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '1282',
			'article_category_id' => '108',
			'title' => 'Citizens USD Debit Card Service',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<span style="font-size: 12px;">Citizens Bank International has launched ´Dollar Debit Card Service´ for the benefit of those travelling abroad. The bank stated that customers having dollar saving or current account are eligible to get the service. The bank has been providing 2 percent interest on US Dollar saving account.&nbsp;</span></p>',
			'published' => true,
			'created' => '2013-07-02',
			'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' => 'Citizens Bank International has launched ´Dollar Debit Card Service´ for the benefit of those travelling abroad.',
			'sortorder' => '1144',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '1281',
			'article_category_id' => '109',
			'title' => 'WB Approves Credit To Strengthen Nepal’s Financial Sector',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<span style="font-size: 12px;">The World Bank has approved a US$ 30 million credit to help Nepal accelerate its financial sector reform program to reduce vulnerability of the banking sector and increase its transparency. 'The Government of Nepal’s medium-term program for the financial sector focuses on reforms designed to place the financial sector on a sound foundation for the future,' states a press statement by the bank. According to the bank, the Nepal Financial Sector Stability Credit will support six main policy areas: (i) formulation of a financial sector development strategy; (ii) restructuring of Nepal Bank Ltd and Rastriya Banijya Bank; (iii) assessment of the condition of Class A, B and C financial institutions and potential restructuring; (iv) strengthening institutional arrangements to support the bank restructuring process; (v) strengthening the legal and regulatory framework for effective bank resolution; and (vi) increasing the transparency of the financial system.&nbsp;</span></p>
<p>
	The credit carries a 0.75% service charge, a 10 year grace period and a maturity of 40 years.</p>
<div>
	 </div>',
			'published' => true,
			'created' => '2013-07-01',
			'modified' => '0000-00-00',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'The World Bank has approved a US$ 30 million credit to help Nepal accelerate its financial sector reform program to reduce vulnerability of the banking sector and increase its transparency.',
			'sortorder' => '1143',
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			'article_category_id' => '109',
			'title' => 'Pacific, Reliable And Subha Laxmi Announce Merger',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<span style="font-size: 12px;">The latest financial institutions to join the bandwagon of merger are Pacific Development Bank, Reliable Finance and Subha Laxmi Finance Limited.&nbsp;</span></p>
<p>
	The three companies on Wednesday (June 26) announced the plan to merge with each other. As per the financial statement for the 3rd quarter of fiscal year 2069/70, Pacific Development Bank based in Besishahar, Lamjung has the strongest financial health among three companies. Meanwhile, the trading in the shares of the three companies has been</p>
<div>
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			'created' => '2013-07-01',
			'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 latest financial institutions to join the bandwagon of merger are Pacific Development Bank, Reliable Finance and Subha Laxmi Finance Limited.',
			'sortorder' => '1142',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
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			'id' => '1279',
			'article_category_id' => '109',
			'title' => 'Shareholders Approve Manakamana, ID Bank & Yeti Merger',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<span style="font-size: 12px;">Shareholders of Manakamana Development Bank and Valley Finance have cleared the deck for the financial institution´s merger with Infrastructure Development (ID) Bank and Yeti Finance.&nbsp;</span></p>
<p>
	<span style="font-size: 12px;">The annual general meetings (AGMs) of financial institutions held on June 24 extended green signal to the consolidation process initiated with the target of creating a commercial bank.&nbsp;</span></p>
<p>
	Similarly, the special general meetings of Yeti Finance and ID Bank held on June 25 and June 27, respectively, have endorsed the merger process.&nbsp;</p>
<p>
	After the merger process wraps up, the new entity will have a paid-up capital of approximately Rs 2.2 billion.</p>
<div>
	 </div>',
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			'created' => '2013-07-01',
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			'description' => 'Shareholders of Manakamana Development Bank and Valley Finance have cleared the deck for the financial institution´s merger with Infrastructure Development (ID) Bank and Yeti Finance.',
			'sortorder' => '1141',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
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View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/index.ctp, line 157
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117

Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity &quot;&quot; [APP/View/Elements/side_bar.ctp, line 60]
Code Context
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$articles = array(
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		'Article' => array(
			'id' => '1293',
			'article_category_id' => '153',
			'title' => 'The Sportswear Market',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<strong><span style="font-size: 12px;">--By Pinaki Roy</span></strong></p>
<p>
	R etailing of sportswear products in Nepal has been growing due to the rise in income, changing lifestyle, and consumer preferences. “People are getting more health conscious and also getting increasingly interested in sporting activities which augurs well for sportswear business,” said Deepak Bista, Executive Director of Sports Universe, a sports goods store at New Baneshwor. Bista, also a former Olympian, added, “People coming to my store go back satisfied because the products here are of good quality and reasonably priced.”&nbsp;</p>
<p>
	To conduct sportswear business, not too long ago, was quite difficult as people were not as brand conscious as they are today. “It is disappointing to see at times that today’s kids are getting more inclined towards electronic gadgets than into sporting activities,” said Rahul Agrawal, Owner of Nike Store, “We must ensure that the sporting culture in our country retains its value.”</p>
<p>
	<strong>Increasing Brand Literacy&nbsp;</strong></p>
<p>
	However, aided by media like Internet and television, brand literacy rate has gone up. As a result, transaction volume of sportswear sales has considerably gone up in the span of the last few years. The ever increasing popularity of sporting activities along with the growing interest in sports such as football, cricket, martial arts and tennis among others has contributed to the growth of functional sportswear market in the country of late.</p>
<p>
	<strong>Major Players&nbsp;</strong></p>
<p>
	Roots Fashion, the authorised seller of Adidas in Nepal, has its showrooms mostly featuring sportswear including shoes, track suits, swimming costumes and T-shirts. Adidas showrooms also stocks caps, socks, bags, slippers, basketballs, footballs and hand bands and Adidas’ casual line. The brand enjoys enormous popularity among brand-conscious people in Kathmandu, and as a result, the company expanded its network in the country. Established in 2000, Roots Fashion maintains exclusive Adidas outlets at Durbar Marg, Kumaripati, Tripureshwor, City Centre, Putali Sadak and New Road.</p>
<p>
	Avenue Marketing, authorised distributor of Nike for Nepal, sells exclusive range of shoes from the American clothing and sport equipment giant. The company also has the latest line of jogging, lifestyle, tennis, football and basketball shoes from Nike Store at Durbar Marg. “We introduce the best designs and quality products to cater to the demand of our customers,” said Agrawal. While clothes at Nike Store are priced between Rs 900 and Rs 4,000, the shoes are in the range from Rs 2,000 to Rs 8,000.</p>
<p>
	Nike Store at Durbarmarg has been in operation for the last 11 years, informed Agrawal, “In recent times, the currency depreciation of Nepali Rupee vis-à-vis the US Dollar has us in a spot of bother as it makes the products dearer for the customers.” It is worth mentioning here that distributors of various sportswear brands in Nepal import their products from different parts of the world.&nbsp;</p>
<p>
	Anta Sports Nepal, a franchise store of the popular Chinese sports brand Anta, sells its products from its outlets at Jyatha, near Thamel which was the first Anta store opened in September 2011; Anta Building, Bhatbhateni; Saraswoti Nagar, Kapan; Dillibazaar and Sohrakhutte. The company came up with an aggressive expansion plan after witnessing a huge demand for its products. It has now opened new showrooms at Anta Tower, Durbarmarg; KL Tower, Chuchchepati; Jawalakhel, Lalitpur; and Pipalbot, Boudha and plans to expand to Pokhara and Biratnagar. Anta Sports Nepal claims to have a large number of repeat customers.&nbsp;</p>
<p>
	The store also updates its collection multiple times a year and keeps its customers informed about the merchandise, new arrivals, events, locations and discounts. The store offers a large selection of professional, functional and fashionable apparel, footwear and accessories in running, cross training, outdoor, basketball, tennis, futsal, football, casual and lifestyle series.&nbsp;</p>
<p>
	After ruling Nepali taekwondo for more than a decade, Deepak Bista forayed into business by opening Sports Universe, a sports goods showroom, at New Baneshwar earlier this year. He is one of four partners with equal shares in Sports Universe and credits one of the partners, with inspiring him to enter into business. “We sell sports accessories to players and sports institutions including schools and colleges,” said Bista. The store has a mix of various brands and sporting equipments under a single roof.</p>
<p>
	<strong><img alt="Sports Goods Showrooms" height="228" hspace="25" src="https://lh5.googleusercontent.com/-Qa6xctpTfX0/UdKAdZBhvgI/AAAAAAAAApg/1KWt_T5ybBQ/s600/sports.JPG" width="600" /><br />
	</strong></p>
<p>
	<strong>Secret of Success&nbsp;</strong></p>
<p>
	Reebok, a popular sportswear brand sold in Nepal by Sports Plaza, has been constantly working at diversifying its product range and to provide better options for customers. To serve this purpose, it introduced a range called ´classical´ to provide wider options to both men and women who look for ´American-inspired global product´. Reebok stores feature T-shirts, trousers, footwear, shorts and different accessories like caps, socks, summer shawls, among others. The Reebok store at Durbarmarg has wide varieties of apparels and footwear with classical looks because every year the company tweaks its designs so as to diversify its product range and provide better options for customers.</p>
<p>
	Anta Sports Nepal said its focus is mainly on customer service. “We are looking to establish a brand name on account of our reasonable pricing and quality service,” said a store attendant. Venturing in a market where top international sports brands had already made their mark was not easy. “It was very competitive to begin with but we have got a foothold in the market now with such a large collection of both men’s and women’s apparel in addition to footwear and accessories.”</p>
<p>
	<strong>Counterfeit Products&nbsp;</strong></p>
<p>
	Even though these stores claim to have sizeable loyal customer base, they said adding new costumers is still a tough job due to easy availability of counterfeit products. Unorganised players imitate product styles, brand logos and names, which adversely impacts the brand equity and sales brands. Although the future looks promising for the Nepali sportswear market, the industry still has a number of challenges to face including counterfeiting which is one of the biggest challenges sportswear brands are facing in Nepal today.</p>
<p>
	 </p>
<p>
	 </p>
<p>
	 </p>',
			'published' => true,
			'created' => '2013-07-02',
			'modified' => '0000-00-00',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'With more people taking up sports and exercise regimes in recent years, the popularity of sportswear has
been increasing in the country. The phenomenon is fast catching up due to increased brand consciousness.',
			'sortorder' => '1155',
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			'id' => '1292',
			'article_category_id' => '108',
			'title' => 'IPO Grade 3+ To RMDC IPO',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<span style="font-size: 12px;">ICRA Nepal has assigned IPO Grade 3+ to the proposed Initial Public Offering (IPO) of Rural Microfinance Development Centre Limited (RMDC), indicating the company’s fundamentals to be ‘average’. RMDC has proposed an IPO of 1,528,800 numbers of equity shares of face value Rs 100 each with a premium of Rs 80 per share for general public and 31,200 numbers of equity shares of Rs 100 each to its employees. Meanwhile, RMDC is waiting for final approval from SEBON for the issue.</span></p>
<div>
	 </div>',
			'published' => true,
			'created' => '2013-07-02',
			'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' => 'ICRA Nepal has assigned IPO Grade 3+ to the proposed Initial Public Offering (IPO) of Rural Microfinance Development Centre Limited (RMDC)',
			'sortorder' => '1154',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
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			'id' => '1291',
			'article_category_id' => '108',
			'title' => 'Nepse Gets New GM',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<span style="font-size: 12px;">Sitaram Thapaliya has been appointed as general manager (GM) of Nepal Stock Exchange (Nepse). He is one of prominent share investors of Nepali stock market.&nbsp;</span></p>',
			'published' => true,
			'created' => '2013-07-02',
			'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' => 'Sitaram Thapaliya has been appointed as general manager (GM) of Nepal Stock Exchange (Nepse).',
			'sortorder' => '1153',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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			'id' => '1290',
			'article_category_id' => '108',
			'title' => 'RBB In Rolpa',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<span style="font-size: 12px;">Rastriya Banijya Bank (RBB) has opened its 144th branch at Holari, Rolpa. The branch was inaugurated by RBB’s Nepalgunj Regional Office Chief Bir Bahadur Chand.&nbsp;</span></p>',
			'published' => true,
			'created' => '2013-07-02',
			'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' => 'Rastriya Banijya Bank (RBB) has opened its 144th branch at Holari, Rolpa',
			'sortorder' => '1152',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
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			'id' => '1289',
			'article_category_id' => '108',
			'title' => 'Sana Kisan Issuing IPO',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<span style="font-size: 12px;">Sana Kisan Bikas Bank Ltd is issuing 600,000 shares at Rs 100 face value to the public. Out of total 600,000 shares 30,000 have been set aside for mutual funds and 18,000 shares for the bank’s employees. After the IPO, the paid-up capital of the bank reaches Rs 200 million.&nbsp;</span></p>',
			'published' => true,
			'created' => '2013-07-02',
			'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' => 'Sana Kisan Bikas Bank Ltd is issuing 600,000 shares at Rs 100 face value to the public.',
			'sortorder' => '1151',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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			'id' => '1288',
			'article_category_id' => '108',
			'title' => 'EBL ATM At Rupandehi',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<span style="font-size: 12px;">Everest Bank Ltd (EBL) has opened a 67th ATM terminal on the premises of Jagdamba Synthetics in Kamharia, Rupandehi. The ATM was jointly inaugurated by Dr Bal Gopal Baidhya, director of EBL and Bidur Dhungana of Jagdamba Synthetics.&nbsp;</span></p>',
			'published' => true,
			'created' => '2013-07-02',
			'modified' => '0000-00-00',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Everest Bank Ltd (EBL) has opened a 67th ATM terminal on the premises of Jagdamba Synthetics in Kamharia, Rupandehi.',
			'sortorder' => '1150',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
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			'id' => '1287',
			'article_category_id' => '108',
			'title' => 'NB Bank Goes Branchless At Ramkot',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<span style="font-size: 12px;">NB Bank has launched 3rd Branchless Banking Service in Ramkot VDC, Kathmandu. The bank has been providing the service under the brand name of ‘NB Ghardailoo Banking’.&nbsp;</span></p>',
			'published' => true,
			'created' => '2013-07-02',
			'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' => 'NB Bank has launched 3rd Branchless Banking Service in Ramkot VDC, Kathmandu.',
			'sortorder' => '1149',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
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			'article_category_id' => '108',
			'title' => 'NBL Extends Right Issue',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<span style="font-size: 12px;">Nepal Bank Limited (NBL) has extended its right share issue till July 11. Earlier the bank had set the final date of June 26.&nbsp;</span></p>',
			'published' => true,
			'created' => '2013-07-02',
			'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 Bank Limited (NBL) has extended its right share issue till July 11..',
			'sortorder' => '1148',
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			'title' => 'BoK Launches Mahila Udhyamshil Karja',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<span style="font-size: 12px;">Bank of Kathmandu (BoK) on Monday (June 24) launched a new loan product called ´Mahila Udhyamshil Karja´, under which women can get loans of upto Rs 300,000 for a period of up to three years. The product was launched by BoK CEO Ajay Shrestha amidst a function held in Kathmand</span></p>',
			'published' => true,
			'created' => '2013-07-02',
			'modified' => '0000-00-00',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Bank of Kathmandu (BoK) on Monday (June 24) launched a new loan product called ´Mahila Udhyamshil Karja´',
			'sortorder' => '1147',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
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			'title' => 'NHPCL Shares Trading Resumes',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<span style="font-size: 12px;">Trading of shares of National Hydro Power Co Ltd (NHPCL) resumed on Tuesday (June 25) as per interim order of Appellate Court, Patan. The trading of 13,851,862 shares of NHPCL was blocked due to the problem regarding the loan defaults from the promoter of the company, NB Group to various banks and financial institutions.&nbsp;</span></p>
<p>
	<span style="font-size: 12px;"><br />
	</span></p>
<p>
	<span style="font-size: 12px;"><br />
	</span></p>
<p>
	 </p>',
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			'description' => 'Trading of shares of National Hydro Power Co Ltd (NHPCL) resumed..',
			'sortorder' => '1146',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
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		'Article' => array(
			'id' => '1283',
			'article_category_id' => '108',
			'title' => 'Share Demat',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<span style="font-size: 12px;">Total of 21,018,400 shares of Citizen Bank are to be dematerialized as per an agreement signed with CDSCL on Thursday (June 27).&nbsp;</span></p>',
			'published' => true,
			'created' => '2013-07-02',
			'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' => 'Total of 21,018,400 shares of Citizen Bank are to be dematerialized..',
			'sortorder' => '1145',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
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			'article_category_id' => '108',
			'title' => 'Citizens USD Debit Card Service',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<span style="font-size: 12px;">Citizens Bank International has launched ´Dollar Debit Card Service´ for the benefit of those travelling abroad. The bank stated that customers having dollar saving or current account are eligible to get the service. The bank has been providing 2 percent interest on US Dollar saving account.&nbsp;</span></p>',
			'published' => true,
			'created' => '2013-07-02',
			'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' => 'Citizens Bank International has launched ´Dollar Debit Card Service´ for the benefit of those travelling abroad.',
			'sortorder' => '1144',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
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			'article_category_id' => '109',
			'title' => 'WB Approves Credit To Strengthen Nepal’s Financial Sector',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<span style="font-size: 12px;">The World Bank has approved a US$ 30 million credit to help Nepal accelerate its financial sector reform program to reduce vulnerability of the banking sector and increase its transparency. 'The Government of Nepal’s medium-term program for the financial sector focuses on reforms designed to place the financial sector on a sound foundation for the future,' states a press statement by the bank. According to the bank, the Nepal Financial Sector Stability Credit will support six main policy areas: (i) formulation of a financial sector development strategy; (ii) restructuring of Nepal Bank Ltd and Rastriya Banijya Bank; (iii) assessment of the condition of Class A, B and C financial institutions and potential restructuring; (iv) strengthening institutional arrangements to support the bank restructuring process; (v) strengthening the legal and regulatory framework for effective bank resolution; and (vi) increasing the transparency of the financial system.&nbsp;</span></p>
<p>
	The credit carries a 0.75% service charge, a 10 year grace period and a maturity of 40 years.</p>
<div>
	 </div>',
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			'created' => '2013-07-01',
			'modified' => '0000-00-00',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'The World Bank has approved a US$ 30 million credit to help Nepal accelerate its financial sector reform program to reduce vulnerability of the banking sector and increase its transparency.',
			'sortorder' => '1143',
			'image' => null,
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			'article_category_id' => '109',
			'title' => 'Pacific, Reliable And Subha Laxmi Announce Merger',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<span style="font-size: 12px;">The latest financial institutions to join the bandwagon of merger are Pacific Development Bank, Reliable Finance and Subha Laxmi Finance Limited.&nbsp;</span></p>
<p>
	The three companies on Wednesday (June 26) announced the plan to merge with each other. As per the financial statement for the 3rd quarter of fiscal year 2069/70, Pacific Development Bank based in Besishahar, Lamjung has the strongest financial health among three companies. Meanwhile, the trading in the shares of the three companies has been</p>
<div>
	 </div>',
			'published' => true,
			'created' => '2013-07-01',
			'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 latest financial institutions to join the bandwagon of merger are Pacific Development Bank, Reliable Finance and Subha Laxmi Finance Limited.',
			'sortorder' => '1142',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
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	(int) 14 => array(
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			'id' => '1279',
			'article_category_id' => '109',
			'title' => 'Shareholders Approve Manakamana, ID Bank & Yeti Merger',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<span style="font-size: 12px;">Shareholders of Manakamana Development Bank and Valley Finance have cleared the deck for the financial institution´s merger with Infrastructure Development (ID) Bank and Yeti Finance.&nbsp;</span></p>
<p>
	<span style="font-size: 12px;">The annual general meetings (AGMs) of financial institutions held on June 24 extended green signal to the consolidation process initiated with the target of creating a commercial bank.&nbsp;</span></p>
<p>
	Similarly, the special general meetings of Yeti Finance and ID Bank held on June 25 and June 27, respectively, have endorsed the merger process.&nbsp;</p>
<p>
	After the merger process wraps up, the new entity will have a paid-up capital of approximately Rs 2.2 billion.</p>
<div>
	 </div>',
			'published' => true,
			'created' => '2013-07-01',
			'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' => 'Shareholders of Manakamana Development Bank and Valley Finance have cleared the deck for the financial institution´s merger with Infrastructure Development (ID) Bank and Yeti Finance.',
			'sortorder' => '1141',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
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simplexml_load_file - [internal], line ??
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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
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$articles = array(
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		'Article' => array(
			'id' => '1293',
			'article_category_id' => '153',
			'title' => 'The Sportswear Market',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<strong><span style="font-size: 12px;">--By Pinaki Roy</span></strong></p>
<p>
	R etailing of sportswear products in Nepal has been growing due to the rise in income, changing lifestyle, and consumer preferences. “People are getting more health conscious and also getting increasingly interested in sporting activities which augurs well for sportswear business,” said Deepak Bista, Executive Director of Sports Universe, a sports goods store at New Baneshwor. Bista, also a former Olympian, added, “People coming to my store go back satisfied because the products here are of good quality and reasonably priced.”&nbsp;</p>
<p>
	To conduct sportswear business, not too long ago, was quite difficult as people were not as brand conscious as they are today. “It is disappointing to see at times that today’s kids are getting more inclined towards electronic gadgets than into sporting activities,” said Rahul Agrawal, Owner of Nike Store, “We must ensure that the sporting culture in our country retains its value.”</p>
<p>
	<strong>Increasing Brand Literacy&nbsp;</strong></p>
<p>
	However, aided by media like Internet and television, brand literacy rate has gone up. As a result, transaction volume of sportswear sales has considerably gone up in the span of the last few years. The ever increasing popularity of sporting activities along with the growing interest in sports such as football, cricket, martial arts and tennis among others has contributed to the growth of functional sportswear market in the country of late.</p>
<p>
	<strong>Major Players&nbsp;</strong></p>
<p>
	Roots Fashion, the authorised seller of Adidas in Nepal, has its showrooms mostly featuring sportswear including shoes, track suits, swimming costumes and T-shirts. Adidas showrooms also stocks caps, socks, bags, slippers, basketballs, footballs and hand bands and Adidas’ casual line. The brand enjoys enormous popularity among brand-conscious people in Kathmandu, and as a result, the company expanded its network in the country. Established in 2000, Roots Fashion maintains exclusive Adidas outlets at Durbar Marg, Kumaripati, Tripureshwor, City Centre, Putali Sadak and New Road.</p>
<p>
	Avenue Marketing, authorised distributor of Nike for Nepal, sells exclusive range of shoes from the American clothing and sport equipment giant. The company also has the latest line of jogging, lifestyle, tennis, football and basketball shoes from Nike Store at Durbar Marg. “We introduce the best designs and quality products to cater to the demand of our customers,” said Agrawal. While clothes at Nike Store are priced between Rs 900 and Rs 4,000, the shoes are in the range from Rs 2,000 to Rs 8,000.</p>
<p>
	Nike Store at Durbarmarg has been in operation for the last 11 years, informed Agrawal, “In recent times, the currency depreciation of Nepali Rupee vis-à-vis the US Dollar has us in a spot of bother as it makes the products dearer for the customers.” It is worth mentioning here that distributors of various sportswear brands in Nepal import their products from different parts of the world.&nbsp;</p>
<p>
	Anta Sports Nepal, a franchise store of the popular Chinese sports brand Anta, sells its products from its outlets at Jyatha, near Thamel which was the first Anta store opened in September 2011; Anta Building, Bhatbhateni; Saraswoti Nagar, Kapan; Dillibazaar and Sohrakhutte. The company came up with an aggressive expansion plan after witnessing a huge demand for its products. It has now opened new showrooms at Anta Tower, Durbarmarg; KL Tower, Chuchchepati; Jawalakhel, Lalitpur; and Pipalbot, Boudha and plans to expand to Pokhara and Biratnagar. Anta Sports Nepal claims to have a large number of repeat customers.&nbsp;</p>
<p>
	The store also updates its collection multiple times a year and keeps its customers informed about the merchandise, new arrivals, events, locations and discounts. The store offers a large selection of professional, functional and fashionable apparel, footwear and accessories in running, cross training, outdoor, basketball, tennis, futsal, football, casual and lifestyle series.&nbsp;</p>
<p>
	After ruling Nepali taekwondo for more than a decade, Deepak Bista forayed into business by opening Sports Universe, a sports goods showroom, at New Baneshwar earlier this year. He is one of four partners with equal shares in Sports Universe and credits one of the partners, with inspiring him to enter into business. “We sell sports accessories to players and sports institutions including schools and colleges,” said Bista. The store has a mix of various brands and sporting equipments under a single roof.</p>
<p>
	<strong><img alt="Sports Goods Showrooms" height="228" hspace="25" src="https://lh5.googleusercontent.com/-Qa6xctpTfX0/UdKAdZBhvgI/AAAAAAAAApg/1KWt_T5ybBQ/s600/sports.JPG" width="600" /><br />
	</strong></p>
<p>
	<strong>Secret of Success&nbsp;</strong></p>
<p>
	Reebok, a popular sportswear brand sold in Nepal by Sports Plaza, has been constantly working at diversifying its product range and to provide better options for customers. To serve this purpose, it introduced a range called ´classical´ to provide wider options to both men and women who look for ´American-inspired global product´. Reebok stores feature T-shirts, trousers, footwear, shorts and different accessories like caps, socks, summer shawls, among others. The Reebok store at Durbarmarg has wide varieties of apparels and footwear with classical looks because every year the company tweaks its designs so as to diversify its product range and provide better options for customers.</p>
<p>
	Anta Sports Nepal said its focus is mainly on customer service. “We are looking to establish a brand name on account of our reasonable pricing and quality service,” said a store attendant. Venturing in a market where top international sports brands had already made their mark was not easy. “It was very competitive to begin with but we have got a foothold in the market now with such a large collection of both men’s and women’s apparel in addition to footwear and accessories.”</p>
<p>
	<strong>Counterfeit Products&nbsp;</strong></p>
<p>
	Even though these stores claim to have sizeable loyal customer base, they said adding new costumers is still a tough job due to easy availability of counterfeit products. Unorganised players imitate product styles, brand logos and names, which adversely impacts the brand equity and sales brands. Although the future looks promising for the Nepali sportswear market, the industry still has a number of challenges to face including counterfeiting which is one of the biggest challenges sportswear brands are facing in Nepal today.</p>
<p>
	 </p>
<p>
	 </p>
<p>
	 </p>',
			'published' => true,
			'created' => '2013-07-02',
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			'description' => 'With more people taking up sports and exercise regimes in recent years, the popularity of sportswear has
been increasing in the country. The phenomenon is fast catching up due to increased brand consciousness.',
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			'id' => '1292',
			'article_category_id' => '108',
			'title' => 'IPO Grade 3+ To RMDC IPO',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<span style="font-size: 12px;">ICRA Nepal has assigned IPO Grade 3+ to the proposed Initial Public Offering (IPO) of Rural Microfinance Development Centre Limited (RMDC), indicating the company’s fundamentals to be ‘average’. RMDC has proposed an IPO of 1,528,800 numbers of equity shares of face value Rs 100 each with a premium of Rs 80 per share for general public and 31,200 numbers of equity shares of Rs 100 each to its employees. Meanwhile, RMDC is waiting for final approval from SEBON for the issue.</span></p>
<div>
	 </div>',
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			'description' => 'ICRA Nepal has assigned IPO Grade 3+ to the proposed Initial Public Offering (IPO) of Rural Microfinance Development Centre Limited (RMDC)',
			'sortorder' => '1154',
			'image' => null,
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			'article_category_id' => '108',
			'title' => 'Nepse Gets New GM',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<span style="font-size: 12px;">Sitaram Thapaliya has been appointed as general manager (GM) of Nepal Stock Exchange (Nepse). He is one of prominent share investors of Nepali stock market.&nbsp;</span></p>',
			'published' => true,
			'created' => '2013-07-02',
			'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' => 'Sitaram Thapaliya has been appointed as general manager (GM) of Nepal Stock Exchange (Nepse).',
			'sortorder' => '1153',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
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			'id' => '1290',
			'article_category_id' => '108',
			'title' => 'RBB In Rolpa',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<span style="font-size: 12px;">Rastriya Banijya Bank (RBB) has opened its 144th branch at Holari, Rolpa. The branch was inaugurated by RBB’s Nepalgunj Regional Office Chief Bir Bahadur Chand.&nbsp;</span></p>',
			'published' => true,
			'created' => '2013-07-02',
			'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' => 'Rastriya Banijya Bank (RBB) has opened its 144th branch at Holari, Rolpa',
			'sortorder' => '1152',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
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			'article_category_id' => '108',
			'title' => 'Sana Kisan Issuing IPO',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<span style="font-size: 12px;">Sana Kisan Bikas Bank Ltd is issuing 600,000 shares at Rs 100 face value to the public. Out of total 600,000 shares 30,000 have been set aside for mutual funds and 18,000 shares for the bank’s employees. After the IPO, the paid-up capital of the bank reaches Rs 200 million.&nbsp;</span></p>',
			'published' => true,
			'created' => '2013-07-02',
			'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' => 'Sana Kisan Bikas Bank Ltd is issuing 600,000 shares at Rs 100 face value to the public.',
			'sortorder' => '1151',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
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			'article_category_id' => '108',
			'title' => 'EBL ATM At Rupandehi',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<span style="font-size: 12px;">Everest Bank Ltd (EBL) has opened a 67th ATM terminal on the premises of Jagdamba Synthetics in Kamharia, Rupandehi. The ATM was jointly inaugurated by Dr Bal Gopal Baidhya, director of EBL and Bidur Dhungana of Jagdamba Synthetics.&nbsp;</span></p>',
			'published' => true,
			'created' => '2013-07-02',
			'modified' => '0000-00-00',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Everest Bank Ltd (EBL) has opened a 67th ATM terminal on the premises of Jagdamba Synthetics in Kamharia, Rupandehi.',
			'sortorder' => '1150',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
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			'article_category_id' => '108',
			'title' => 'NB Bank Goes Branchless At Ramkot',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<span style="font-size: 12px;">NB Bank has launched 3rd Branchless Banking Service in Ramkot VDC, Kathmandu. The bank has been providing the service under the brand name of ‘NB Ghardailoo Banking’.&nbsp;</span></p>',
			'published' => true,
			'created' => '2013-07-02',
			'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' => 'NB Bank has launched 3rd Branchless Banking Service in Ramkot VDC, Kathmandu.',
			'sortorder' => '1149',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
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	(int) 7 => array(
		'Article' => array(
			'id' => '1286',
			'article_category_id' => '108',
			'title' => 'NBL Extends Right Issue',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<span style="font-size: 12px;">Nepal Bank Limited (NBL) has extended its right share issue till July 11. Earlier the bank had set the final date of June 26.&nbsp;</span></p>',
			'published' => true,
			'created' => '2013-07-02',
			'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 Bank Limited (NBL) has extended its right share issue till July 11..',
			'sortorder' => '1148',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
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	(int) 8 => array(
		'Article' => array(
			'id' => '1285',
			'article_category_id' => '108',
			'title' => 'BoK Launches Mahila Udhyamshil Karja',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<span style="font-size: 12px;">Bank of Kathmandu (BoK) on Monday (June 24) launched a new loan product called ´Mahila Udhyamshil Karja´, under which women can get loans of upto Rs 300,000 for a period of up to three years. The product was launched by BoK CEO Ajay Shrestha amidst a function held in Kathmand</span></p>',
			'published' => true,
			'created' => '2013-07-02',
			'modified' => '0000-00-00',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Bank of Kathmandu (BoK) on Monday (June 24) launched a new loan product called ´Mahila Udhyamshil Karja´',
			'sortorder' => '1147',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
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	(int) 9 => array(
		'Article' => array(
			'id' => '1284',
			'article_category_id' => '108',
			'title' => 'NHPCL Shares Trading Resumes',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<span style="font-size: 12px;">Trading of shares of National Hydro Power Co Ltd (NHPCL) resumed on Tuesday (June 25) as per interim order of Appellate Court, Patan. The trading of 13,851,862 shares of NHPCL was blocked due to the problem regarding the loan defaults from the promoter of the company, NB Group to various banks and financial institutions.&nbsp;</span></p>
<p>
	<span style="font-size: 12px;"><br />
	</span></p>
<p>
	<span style="font-size: 12px;"><br />
	</span></p>
<p>
	 </p>',
			'published' => true,
			'created' => '2013-07-02',
			'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' => 'Trading of shares of National Hydro Power Co Ltd (NHPCL) resumed..',
			'sortorder' => '1146',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
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	(int) 10 => array(
		'Article' => array(
			'id' => '1283',
			'article_category_id' => '108',
			'title' => 'Share Demat',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<span style="font-size: 12px;">Total of 21,018,400 shares of Citizen Bank are to be dematerialized as per an agreement signed with CDSCL on Thursday (June 27).&nbsp;</span></p>',
			'published' => true,
			'created' => '2013-07-02',
			'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' => 'Total of 21,018,400 shares of Citizen Bank are to be dematerialized..',
			'sortorder' => '1145',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
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			'id' => '1282',
			'article_category_id' => '108',
			'title' => 'Citizens USD Debit Card Service',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<span style="font-size: 12px;">Citizens Bank International has launched ´Dollar Debit Card Service´ for the benefit of those travelling abroad. The bank stated that customers having dollar saving or current account are eligible to get the service. The bank has been providing 2 percent interest on US Dollar saving account.&nbsp;</span></p>',
			'published' => true,
			'created' => '2013-07-02',
			'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' => 'Citizens Bank International has launched ´Dollar Debit Card Service´ for the benefit of those travelling abroad.',
			'sortorder' => '1144',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
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			'id' => '1281',
			'article_category_id' => '109',
			'title' => 'WB Approves Credit To Strengthen Nepal’s Financial Sector',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<span style="font-size: 12px;">The World Bank has approved a US$ 30 million credit to help Nepal accelerate its financial sector reform program to reduce vulnerability of the banking sector and increase its transparency. 'The Government of Nepal’s medium-term program for the financial sector focuses on reforms designed to place the financial sector on a sound foundation for the future,' states a press statement by the bank. According to the bank, the Nepal Financial Sector Stability Credit will support six main policy areas: (i) formulation of a financial sector development strategy; (ii) restructuring of Nepal Bank Ltd and Rastriya Banijya Bank; (iii) assessment of the condition of Class A, B and C financial institutions and potential restructuring; (iv) strengthening institutional arrangements to support the bank restructuring process; (v) strengthening the legal and regulatory framework for effective bank resolution; and (vi) increasing the transparency of the financial system.&nbsp;</span></p>
<p>
	The credit carries a 0.75% service charge, a 10 year grace period and a maturity of 40 years.</p>
<div>
	 </div>',
			'published' => true,
			'created' => '2013-07-01',
			'modified' => '0000-00-00',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'The World Bank has approved a US$ 30 million credit to help Nepal accelerate its financial sector reform program to reduce vulnerability of the banking sector and increase its transparency.',
			'sortorder' => '1143',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
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			'id' => '1280',
			'article_category_id' => '109',
			'title' => 'Pacific, Reliable And Subha Laxmi Announce Merger',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<span style="font-size: 12px;">The latest financial institutions to join the bandwagon of merger are Pacific Development Bank, Reliable Finance and Subha Laxmi Finance Limited.&nbsp;</span></p>
<p>
	The three companies on Wednesday (June 26) announced the plan to merge with each other. As per the financial statement for the 3rd quarter of fiscal year 2069/70, Pacific Development Bank based in Besishahar, Lamjung has the strongest financial health among three companies. Meanwhile, the trading in the shares of the three companies has been</p>
<div>
	 </div>',
			'published' => true,
			'created' => '2013-07-01',
			'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 latest financial institutions to join the bandwagon of merger are Pacific Development Bank, Reliable Finance and Subha Laxmi Finance Limited.',
			'sortorder' => '1142',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
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	(int) 14 => array(
		'Article' => array(
			'id' => '1279',
			'article_category_id' => '109',
			'title' => 'Shareholders Approve Manakamana, ID Bank & Yeti Merger',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<span style="font-size: 12px;">Shareholders of Manakamana Development Bank and Valley Finance have cleared the deck for the financial institution´s merger with Infrastructure Development (ID) Bank and Yeti Finance.&nbsp;</span></p>
<p>
	<span style="font-size: 12px;">The annual general meetings (AGMs) of financial institutions held on June 24 extended green signal to the consolidation process initiated with the target of creating a commercial bank.&nbsp;</span></p>
<p>
	Similarly, the special general meetings of Yeti Finance and ID Bank held on June 25 and June 27, respectively, have endorsed the merger process.&nbsp;</p>
<p>
	After the merger process wraps up, the new entity will have a paid-up capital of approximately Rs 2.2 billion.</p>
<div>
	 </div>',
			'published' => true,
			'created' => '2013-07-01',
			'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' => 'Shareholders of Manakamana Development Bank and Valley Finance have cleared the deck for the financial institution´s merger with Infrastructure Development (ID) Bank and Yeti Finance.',
			'sortorder' => '1141',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
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)
$current_user = null
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View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/index.ctp, line 157
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117

Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity &quot;&quot; [APP/View/Elements/side_bar.ctp, line 133]
Code Context
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$articles = array(
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		'Article' => array(
			'id' => '1293',
			'article_category_id' => '153',
			'title' => 'The Sportswear Market',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<strong><span style="font-size: 12px;">--By Pinaki Roy</span></strong></p>
<p>
	R etailing of sportswear products in Nepal has been growing due to the rise in income, changing lifestyle, and consumer preferences. “People are getting more health conscious and also getting increasingly interested in sporting activities which augurs well for sportswear business,” said Deepak Bista, Executive Director of Sports Universe, a sports goods store at New Baneshwor. Bista, also a former Olympian, added, “People coming to my store go back satisfied because the products here are of good quality and reasonably priced.”&nbsp;</p>
<p>
	To conduct sportswear business, not too long ago, was quite difficult as people were not as brand conscious as they are today. “It is disappointing to see at times that today’s kids are getting more inclined towards electronic gadgets than into sporting activities,” said Rahul Agrawal, Owner of Nike Store, “We must ensure that the sporting culture in our country retains its value.”</p>
<p>
	<strong>Increasing Brand Literacy&nbsp;</strong></p>
<p>
	However, aided by media like Internet and television, brand literacy rate has gone up. As a result, transaction volume of sportswear sales has considerably gone up in the span of the last few years. The ever increasing popularity of sporting activities along with the growing interest in sports such as football, cricket, martial arts and tennis among others has contributed to the growth of functional sportswear market in the country of late.</p>
<p>
	<strong>Major Players&nbsp;</strong></p>
<p>
	Roots Fashion, the authorised seller of Adidas in Nepal, has its showrooms mostly featuring sportswear including shoes, track suits, swimming costumes and T-shirts. Adidas showrooms also stocks caps, socks, bags, slippers, basketballs, footballs and hand bands and Adidas’ casual line. The brand enjoys enormous popularity among brand-conscious people in Kathmandu, and as a result, the company expanded its network in the country. Established in 2000, Roots Fashion maintains exclusive Adidas outlets at Durbar Marg, Kumaripati, Tripureshwor, City Centre, Putali Sadak and New Road.</p>
<p>
	Avenue Marketing, authorised distributor of Nike for Nepal, sells exclusive range of shoes from the American clothing and sport equipment giant. The company also has the latest line of jogging, lifestyle, tennis, football and basketball shoes from Nike Store at Durbar Marg. “We introduce the best designs and quality products to cater to the demand of our customers,” said Agrawal. While clothes at Nike Store are priced between Rs 900 and Rs 4,000, the shoes are in the range from Rs 2,000 to Rs 8,000.</p>
<p>
	Nike Store at Durbarmarg has been in operation for the last 11 years, informed Agrawal, “In recent times, the currency depreciation of Nepali Rupee vis-à-vis the US Dollar has us in a spot of bother as it makes the products dearer for the customers.” It is worth mentioning here that distributors of various sportswear brands in Nepal import their products from different parts of the world.&nbsp;</p>
<p>
	Anta Sports Nepal, a franchise store of the popular Chinese sports brand Anta, sells its products from its outlets at Jyatha, near Thamel which was the first Anta store opened in September 2011; Anta Building, Bhatbhateni; Saraswoti Nagar, Kapan; Dillibazaar and Sohrakhutte. The company came up with an aggressive expansion plan after witnessing a huge demand for its products. It has now opened new showrooms at Anta Tower, Durbarmarg; KL Tower, Chuchchepati; Jawalakhel, Lalitpur; and Pipalbot, Boudha and plans to expand to Pokhara and Biratnagar. Anta Sports Nepal claims to have a large number of repeat customers.&nbsp;</p>
<p>
	The store also updates its collection multiple times a year and keeps its customers informed about the merchandise, new arrivals, events, locations and discounts. The store offers a large selection of professional, functional and fashionable apparel, footwear and accessories in running, cross training, outdoor, basketball, tennis, futsal, football, casual and lifestyle series.&nbsp;</p>
<p>
	After ruling Nepali taekwondo for more than a decade, Deepak Bista forayed into business by opening Sports Universe, a sports goods showroom, at New Baneshwar earlier this year. He is one of four partners with equal shares in Sports Universe and credits one of the partners, with inspiring him to enter into business. “We sell sports accessories to players and sports institutions including schools and colleges,” said Bista. The store has a mix of various brands and sporting equipments under a single roof.</p>
<p>
	<strong><img alt="Sports Goods Showrooms" height="228" hspace="25" src="https://lh5.googleusercontent.com/-Qa6xctpTfX0/UdKAdZBhvgI/AAAAAAAAApg/1KWt_T5ybBQ/s600/sports.JPG" width="600" /><br />
	</strong></p>
<p>
	<strong>Secret of Success&nbsp;</strong></p>
<p>
	Reebok, a popular sportswear brand sold in Nepal by Sports Plaza, has been constantly working at diversifying its product range and to provide better options for customers. To serve this purpose, it introduced a range called ´classical´ to provide wider options to both men and women who look for ´American-inspired global product´. Reebok stores feature T-shirts, trousers, footwear, shorts and different accessories like caps, socks, summer shawls, among others. The Reebok store at Durbarmarg has wide varieties of apparels and footwear with classical looks because every year the company tweaks its designs so as to diversify its product range and provide better options for customers.</p>
<p>
	Anta Sports Nepal said its focus is mainly on customer service. “We are looking to establish a brand name on account of our reasonable pricing and quality service,” said a store attendant. Venturing in a market where top international sports brands had already made their mark was not easy. “It was very competitive to begin with but we have got a foothold in the market now with such a large collection of both men’s and women’s apparel in addition to footwear and accessories.”</p>
<p>
	<strong>Counterfeit Products&nbsp;</strong></p>
<p>
	Even though these stores claim to have sizeable loyal customer base, they said adding new costumers is still a tough job due to easy availability of counterfeit products. Unorganised players imitate product styles, brand logos and names, which adversely impacts the brand equity and sales brands. Although the future looks promising for the Nepali sportswear market, the industry still has a number of challenges to face including counterfeiting which is one of the biggest challenges sportswear brands are facing in Nepal today.</p>
<p>
	 </p>
<p>
	 </p>
<p>
	 </p>',
			'published' => true,
			'created' => '2013-07-02',
			'modified' => '0000-00-00',
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			'description' => 'With more people taking up sports and exercise regimes in recent years, the popularity of sportswear has
been increasing in the country. The phenomenon is fast catching up due to increased brand consciousness.',
			'sortorder' => '1155',
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			'article_category_id' => '108',
			'title' => 'IPO Grade 3+ To RMDC IPO',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<span style="font-size: 12px;">ICRA Nepal has assigned IPO Grade 3+ to the proposed Initial Public Offering (IPO) of Rural Microfinance Development Centre Limited (RMDC), indicating the company’s fundamentals to be ‘average’. RMDC has proposed an IPO of 1,528,800 numbers of equity shares of face value Rs 100 each with a premium of Rs 80 per share for general public and 31,200 numbers of equity shares of Rs 100 each to its employees. Meanwhile, RMDC is waiting for final approval from SEBON for the issue.</span></p>
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	 </div>',
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			'description' => 'ICRA Nepal has assigned IPO Grade 3+ to the proposed Initial Public Offering (IPO) of Rural Microfinance Development Centre Limited (RMDC)',
			'sortorder' => '1154',
			'image' => null,
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			'id' => '1291',
			'article_category_id' => '108',
			'title' => 'Nepse Gets New GM',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<span style="font-size: 12px;">Sitaram Thapaliya has been appointed as general manager (GM) of Nepal Stock Exchange (Nepse). He is one of prominent share investors of Nepali stock market.&nbsp;</span></p>',
			'published' => true,
			'created' => '2013-07-02',
			'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' => 'Sitaram Thapaliya has been appointed as general manager (GM) of Nepal Stock Exchange (Nepse).',
			'sortorder' => '1153',
			'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' => '1290',
			'article_category_id' => '108',
			'title' => 'RBB In Rolpa',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<span style="font-size: 12px;">Rastriya Banijya Bank (RBB) has opened its 144th branch at Holari, Rolpa. The branch was inaugurated by RBB’s Nepalgunj Regional Office Chief Bir Bahadur Chand.&nbsp;</span></p>',
			'published' => true,
			'created' => '2013-07-02',
			'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' => 'Rastriya Banijya Bank (RBB) has opened its 144th branch at Holari, Rolpa',
			'sortorder' => '1152',
			'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' => '1289',
			'article_category_id' => '108',
			'title' => 'Sana Kisan Issuing IPO',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<span style="font-size: 12px;">Sana Kisan Bikas Bank Ltd is issuing 600,000 shares at Rs 100 face value to the public. Out of total 600,000 shares 30,000 have been set aside for mutual funds and 18,000 shares for the bank’s employees. After the IPO, the paid-up capital of the bank reaches Rs 200 million.&nbsp;</span></p>',
			'published' => true,
			'created' => '2013-07-02',
			'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' => 'Sana Kisan Bikas Bank Ltd is issuing 600,000 shares at Rs 100 face value to the public.',
			'sortorder' => '1151',
			'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' => '1288',
			'article_category_id' => '108',
			'title' => 'EBL ATM At Rupandehi',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<span style="font-size: 12px;">Everest Bank Ltd (EBL) has opened a 67th ATM terminal on the premises of Jagdamba Synthetics in Kamharia, Rupandehi. The ATM was jointly inaugurated by Dr Bal Gopal Baidhya, director of EBL and Bidur Dhungana of Jagdamba Synthetics.&nbsp;</span></p>',
			'published' => true,
			'created' => '2013-07-02',
			'modified' => '0000-00-00',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Everest Bank Ltd (EBL) has opened a 67th ATM terminal on the premises of Jagdamba Synthetics in Kamharia, Rupandehi.',
			'sortorder' => '1150',
			'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' => '1287',
			'article_category_id' => '108',
			'title' => 'NB Bank Goes Branchless At Ramkot',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<span style="font-size: 12px;">NB Bank has launched 3rd Branchless Banking Service in Ramkot VDC, Kathmandu. The bank has been providing the service under the brand name of ‘NB Ghardailoo Banking’.&nbsp;</span></p>',
			'published' => true,
			'created' => '2013-07-02',
			'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' => 'NB Bank has launched 3rd Branchless Banking Service in Ramkot VDC, Kathmandu.',
			'sortorder' => '1149',
			'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' => '1286',
			'article_category_id' => '108',
			'title' => 'NBL Extends Right Issue',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<span style="font-size: 12px;">Nepal Bank Limited (NBL) has extended its right share issue till July 11. Earlier the bank had set the final date of June 26.&nbsp;</span></p>',
			'published' => true,
			'created' => '2013-07-02',
			'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 Bank Limited (NBL) has extended its right share issue till July 11..',
			'sortorder' => '1148',
			'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' => '1285',
			'article_category_id' => '108',
			'title' => 'BoK Launches Mahila Udhyamshil Karja',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<span style="font-size: 12px;">Bank of Kathmandu (BoK) on Monday (June 24) launched a new loan product called ´Mahila Udhyamshil Karja´, under which women can get loans of upto Rs 300,000 for a period of up to three years. The product was launched by BoK CEO Ajay Shrestha amidst a function held in Kathmand</span></p>',
			'published' => true,
			'created' => '2013-07-02',
			'modified' => '0000-00-00',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Bank of Kathmandu (BoK) on Monday (June 24) launched a new loan product called ´Mahila Udhyamshil Karja´',
			'sortorder' => '1147',
			'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' => '1284',
			'article_category_id' => '108',
			'title' => 'NHPCL Shares Trading Resumes',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<span style="font-size: 12px;">Trading of shares of National Hydro Power Co Ltd (NHPCL) resumed on Tuesday (June 25) as per interim order of Appellate Court, Patan. The trading of 13,851,862 shares of NHPCL was blocked due to the problem regarding the loan defaults from the promoter of the company, NB Group to various banks and financial institutions.&nbsp;</span></p>
<p>
	<span style="font-size: 12px;"><br />
	</span></p>
<p>
	<span style="font-size: 12px;"><br />
	</span></p>
<p>
	 </p>',
			'published' => true,
			'created' => '2013-07-02',
			'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' => 'Trading of shares of National Hydro Power Co Ltd (NHPCL) resumed..',
			'sortorder' => '1146',
			'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' => '1283',
			'article_category_id' => '108',
			'title' => 'Share Demat',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<span style="font-size: 12px;">Total of 21,018,400 shares of Citizen Bank are to be dematerialized as per an agreement signed with CDSCL on Thursday (June 27).&nbsp;</span></p>',
			'published' => true,
			'created' => '2013-07-02',
			'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' => 'Total of 21,018,400 shares of Citizen Bank are to be dematerialized..',
			'sortorder' => '1145',
			'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' => '1282',
			'article_category_id' => '108',
			'title' => 'Citizens USD Debit Card Service',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<span style="font-size: 12px;">Citizens Bank International has launched ´Dollar Debit Card Service´ for the benefit of those travelling abroad. The bank stated that customers having dollar saving or current account are eligible to get the service. The bank has been providing 2 percent interest on US Dollar saving account.&nbsp;</span></p>',
			'published' => true,
			'created' => '2013-07-02',
			'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' => 'Citizens Bank International has launched ´Dollar Debit Card Service´ for the benefit of those travelling abroad.',
			'sortorder' => '1144',
			'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' => '1281',
			'article_category_id' => '109',
			'title' => 'WB Approves Credit To Strengthen Nepal’s Financial Sector',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<span style="font-size: 12px;">The World Bank has approved a US$ 30 million credit to help Nepal accelerate its financial sector reform program to reduce vulnerability of the banking sector and increase its transparency. 'The Government of Nepal’s medium-term program for the financial sector focuses on reforms designed to place the financial sector on a sound foundation for the future,' states a press statement by the bank. According to the bank, the Nepal Financial Sector Stability Credit will support six main policy areas: (i) formulation of a financial sector development strategy; (ii) restructuring of Nepal Bank Ltd and Rastriya Banijya Bank; (iii) assessment of the condition of Class A, B and C financial institutions and potential restructuring; (iv) strengthening institutional arrangements to support the bank restructuring process; (v) strengthening the legal and regulatory framework for effective bank resolution; and (vi) increasing the transparency of the financial system.&nbsp;</span></p>
<p>
	The credit carries a 0.75% service charge, a 10 year grace period and a maturity of 40 years.</p>
<div>
	 </div>',
			'published' => true,
			'created' => '2013-07-01',
			'modified' => '0000-00-00',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'The World Bank has approved a US$ 30 million credit to help Nepal accelerate its financial sector reform program to reduce vulnerability of the banking sector and increase its transparency.',
			'sortorder' => '1143',
			'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' => '1280',
			'article_category_id' => '109',
			'title' => 'Pacific, Reliable And Subha Laxmi Announce Merger',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<span style="font-size: 12px;">The latest financial institutions to join the bandwagon of merger are Pacific Development Bank, Reliable Finance and Subha Laxmi Finance Limited.&nbsp;</span></p>
<p>
	The three companies on Wednesday (June 26) announced the plan to merge with each other. As per the financial statement for the 3rd quarter of fiscal year 2069/70, Pacific Development Bank based in Besishahar, Lamjung has the strongest financial health among three companies. Meanwhile, the trading in the shares of the three companies has been</p>
<div>
	 </div>',
			'published' => true,
			'created' => '2013-07-01',
			'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 latest financial institutions to join the bandwagon of merger are Pacific Development Bank, Reliable Finance and Subha Laxmi Finance Limited.',
			'sortorder' => '1142',
			'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' => '1279',
			'article_category_id' => '109',
			'title' => 'Shareholders Approve Manakamana, ID Bank & Yeti Merger',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<span style="font-size: 12px;">Shareholders of Manakamana Development Bank and Valley Finance have cleared the deck for the financial institution´s merger with Infrastructure Development (ID) Bank and Yeti Finance.&nbsp;</span></p>
<p>
	<span style="font-size: 12px;">The annual general meetings (AGMs) of financial institutions held on June 24 extended green signal to the consolidation process initiated with the target of creating a commercial bank.&nbsp;</span></p>
<p>
	Similarly, the special general meetings of Yeti Finance and ID Bank held on June 25 and June 27, respectively, have endorsed the merger process.&nbsp;</p>
<p>
	After the merger process wraps up, the new entity will have a paid-up capital of approximately Rs 2.2 billion.</p>
<div>
	 </div>',
			'published' => true,
			'created' => '2013-07-01',
			'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' => 'Shareholders of Manakamana Development Bank and Valley Finance have cleared the deck for the financial institution´s merger with Infrastructure Development (ID) Bank and Yeti Finance.',
			'sortorder' => '1141',
			'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 = false
simplexml_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