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			'title' => 'How To Cope With Chronic Complainers',
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			'summary' => null,
			'content' => '<p>
	<strong><img alt="" height="120" src="https://lh6.googleusercontent.com/-_nFVO9_rctQ/UdE5spzGu4I/AAAAAAAAAUM/Y1H_MpZpWn8/h120/how.bmp" width="168" /><br />
	</strong></p>
<p>
	<strong>By Sue Shellenbarger </strong></p>
<p>
	There is a whole lot of complaining going on in many workplaces. All the griping has far-reaching effects on both individual and group performance. Work teams whose communication is marked by distrust, negativity and cynicism tend to turn in lower profits and get poor performance ratings from bosses, co-workers and customers, according to studies at the University of North Carolina, Chapel Hill, and the Universade Catolica de Brasilia.</p>
<p>
	Upbeat teams with members who encourage and express appreciation for each other not only reap more profits and higher customer-satisfaction ratings, but they give each other more chances to be creative and take constructive action, the research shows. That doesn’t mean the top teams are all sweetness and light, but they keep positive-to-negative interactions at a ratio of 3-to-1 or higher, the research shows.</p>
<p>
	To cope with chronic complainers, it helps to understand their motives, says Will Bowen, an author and speaker on the topic. Some are trying to duck responsibility for screwing up, so they blame somebody else. In these cases, he suggests turning the focus back on the complainer, asking what they plan to do differently the next time.</p>
<p>
	Others try to make themselves look good by putting colleagues down, Mr. Bowen says. If a colleague calls another co-worker lazy, he says, compliment them on the opposite attribute (if you can do so truthfully), by saying, “One of the things I’ve always appreciated about you is how hard you work,” says Mr. Bowen, author of “A Complaint-Free World.” <br />
	A particularly damaging complainer is one who wants to gain power, and who “complains as a way of getting people on their side,” Mr. Bowen says. Attracting colleagues to a gripe fest can expand the power-seeker’s influence, not only over peers but over bosses who are the targets. In such cases, Mr. Bowen suggests urging the complainer to take their beef directly to the person they’re attacking, saying, “It sounds like you two have something to talk about.”</p>
<p>
	Some bosses simply refuse to tolerate complainers. Trevor Blake, an entrepreneur and author of “Three Simple Steps,” a book about the mental skills needed to succeed, says if any employee in any of the four companies he founded refused to help find solutions for their gripes, “they no longer had a place in my company.” He recommends avoiding co-workers’ gripe fests and, if possible, distancing yourself from complainers by taking a break away from the office, or by consciously focusing on positive images or places. <br />
	<strong>- (The Wall Street Journal)</strong><br />
	 </p>',
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			'title' => 'Ceiling On School Ad Expense Flayed',
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			'content' => '<p>
	Stakeholders have demanded that the government scrap rules that limit the amount of money a school can spend on advertising. Speaking at an interaction titled ‘Advertisement in Education Sector: Importance and Impact’, school owners, advertising agency operators and experts said that the rule was not acceptable. </p>
<p>
	The government has fixed a ceiling of Rs 500,000 on publicity for schools in Kathmandu and even lower for those outside Kathmandu. Bhojraj Aryal, chairman of Infinity Media presented a paper in the programme and he said that such provisions were against the norms of a liberal society and economy. He said, “It will create problems for media, advertising agencies and advertisements creators.” </p>
<p>
	Dr Pradip Bhattarai, a media professional, said such a ban benefits established schools and penalises new ones. Ramesh Kr Silwal, Chief Executive of the Golden Gate College and Vice-Chairman of Higher Secondary School Association of Nepal (HISSAN), said, “The government should allow colleges to spend a certain portion of their income on advertisement.”<br />
	<br />
	 </p>',
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			'title' => 'Different Styles And Aproaches Of Learning',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img alt="" height="144" src="https://lh6.googleusercontent.com/-YMOYrkbDIPA/UdE5Ec_sZYE/AAAAAAAAAUE/kF-NxmCw75U/s144-c/July1201305.jpg" width="144" /></p>
<p>
	I trained as an art teacher in the UK and taught there briefly before moving to New York.</p>
<p>
	I quickly discovered that the arts are considered luxury extras in many US schools. The goal of most urban charter schools is to provide a long day of instruction in math, English, science and social studies, so they can get their students through exams essential to college acceptance: the American educational gold standard. <br />
	It’s taken me five years to find a school which truly values the arts and which infuses them into the rest of the curriculum to encourage the kind of deep noticing and practical problem solving children need to become flexible and creative thinkers. My school’s partner, The Lincoln Center Institute, sent us a wonderful dance teacher who introduced our math students to Flamenco, teaching them to use their own bodies to map the formal patterns of the dance and connect the patterns to the idea of constants and variables in algebra.</p>
<p>
	So this is my lesson from teaching abroad – the importance of the arts in schools, but I would want to apply it to the rest of America, which badly needs it. Also, British art teachers please note: never asks a class of American adolescents to take out their rubbers - that won’t go so well.</p>
<p>
	<strong>- (Based on talk with Amanda Barragry, art teacher, New York, USA, by Emma Dury: The Guardian)</strong><br />
	<br />
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			'id' => '1215',
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			'title' => 'SLC Results Decline Due To Politics: Experts',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	The Office of the Controller of Examinations (OCE) on Tuesday published the results of the School Leaving Certificate (SLC) exams held from March 14-22 this year. According to the OCE, of the 547,165 students who appeared in this year's SLC exam, only 42.75 percent passed. This is the fifth year in row that this rate has came down. <br />
	The Corporate talked to education experts and officials concerned about the reason behind the decline in the pass percentage.</p>
<p>
	<img alt="" height="144" src="https://lh5.googleusercontent.com/-9Tcptw13v-4/UdE3YKNYfFE/AAAAAAAAATI/GZ0oXm5qlOs/s144-c/July1201302.jpg" width="144" /></p>
<p>
	<strong>Som Lal Subedi <br />
	Secretary, the Ministry of Education (MoE)&nbsp;</strong></p>
<p>
	A host of factors have contributed to the decline in pass percentage. First of all, we introduced some changes to the exam system this year. We directed teachers grading the papers to be stricter. Secondly, the political situation of the country has also had an effect. However, we are planning to form a committee to find out the main reasons. We are also trying to increase budget for education. Educational institutions have been heavily politicised. Political parties are also responsible for the situation.</p>
<p>
	<img alt="" height="144" src="https://lh4.googleusercontent.com/-CSMUMZArMm4/UdE3g3B09PE/AAAAAAAAATU/8rD0k-4aPow/s144-c/July1201303.jpg" width="144" /></p>
<p>
	<strong>Prof Dr Bidya Nath Koirala <br />
	Education expert </strong></p>
<p>
	Well, I believe that the parents and the students are responsible for the results. Students these days do not have a habit of studying regularly. Similarly, parents create panic among their children rather than encouraging them to study. The priority should have been on harnessing individual talent. Political situation of the country has also definitely had an effect.</p>
<p>
	<img alt="" height="144" src="https://lh4.googleusercontent.com/-woHs83kmAAk/UdE3kAL70lE/AAAAAAAAATg/WsViEK_xzvc/s144-c/July1201304.jpg" width="144" /></p>
<p>
	<strong>Lawa Dev Awasthi <br />
	Director General <br />
	Department of Education </strong></p>
<p>
	All stakeholders -- teachers, students, guardians, schools and the government are responsible for such a poor result. I think that there are faults in the classroom itself. It is necessary to improve the entire system from the very basic level. Reforms are necessary. Unaccountability on the part of teachers should be taken seriously. DoE will adopt measures to improve the results next year.<br />
	<br />
	 </p>',
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	It is a fact that mobile markets in Nepal are taking a tremendous height. The presented fact that around 17.5 million handsets have been sold in Nepali market and more than 50 percent of the population owns at least a mobile set, is really noteworthy. Meanwhile, the growing mobile market can also contribute positively in national economy. Thus, the market needs to be healthy and effective enough. </p>
<p>
	<strong>- Samiksha Acharya<br />
	<br />
	<br />
	</strong></p>',
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			'article_category_id' => '105',
			'title' => 'Shopping Of A Bank CEO',
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	CEO of a bank came back from his latest trip to Europe and joined the office. One of his clients, a businessman, who is also his long time friend comes to meet him in the office and enquires. “What have you bought this time from your vacation and shopping”? </p>
<p>
	“I have got best bargain ever. I’ve just bought few Rolex, latest iPhone and four nylon, steel-belted radial tyres of BMW – and heavy duty ones at that, at a 35% discount.” <br />
	“Are you off your rocker” Are you mad – you bought tyres of BMW, whereas you have a Volkswagon.” </p>
<p>
	“Well, what about you? Don’t you buy bras?” </p>
<p>
	<strong>- ML<br />
	<br />
	<br />
	</strong></p>',
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			'title' => 'Clarion Call For School Reforms',
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			'content' => '<p>
	Office of the controller of Examination recently published School Leaving Certificate (SLC) results with the pass percentage of 41.57 which is the lowest for the last eight years. This has further accentuated the question mark on our school education system. </p>
<p>
	According to the Ministry of Finance, the budget on education sector reached to Rs 63.91 billion in the current fiscal year from only Rs 27 million in the fiscal year 2006-07. Most of this money went to the public schools and they are the ones that fared badly also this year. </p>
<p>
	It is general knowledge that teachers at public schools are more active in politics and they are normally absent in the classrooms. </p>
<p>
	The solution may be running public schools in Principal-Agent Model in which the payoff to the principal depends on an action taken by the agent. The principal cannot contract for the action, but can compensate the agent based on some observable signal that is correlated with the action. Here the principals are parents of the students and the agents are the teachers. If these principals have rights to decide the pay offs (salary and perks) to the agents according to the observable signals (results and change in behaviours of students), the SLC results can be expected to improve significantly. </p>
<p>
	The fact that those public schools that are managed by the community have far better results consistently year after year lends further weight to this argument. The conclusion: Let’s hand over all public schools to the communities. Another problem related to SLC results is the frustration it causes to those who fail. This has resulted into cases of suicides as well. One solution to this is to speed up the implementation of the already adopted plan to make grade 12 exams as the school graduation level. </p>
<p>
	Next is to introduce a system of issuing certificates to the students on the basis of the number of subjects they have passed. If a student is good in fine arts but is weak in mathematics, he can be thus allowed to go to his profession without the stigma of ‘SLC failed’.<br />
	<br />
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&quot;Myriad Pro&quot;;color:#221E1F">On the occasion of the 55th Anniversary of NIDC Development Bank Ltd, Finance Minister Shankar Prasad Koirala stated the management is willing to change the bank into an infrastructure development bank. He has requested to bring out with the proper proposal for the change of the bank’s structure. </span></p>
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	<span style="font-size:9.0pt;line-height:115%;mso-bidi-font-family:
&quot;Myriad Pro&quot;;color:#221E1F">Similarly, the chairman of the board of bank Khumraj Punjali argued that NIDC is capable to change into an infrastructure development bank. He added that the bank is doing the necessary homework for this purpose. Meanwhile, general manager of the bank, Shivaji Rai Yadav said that the bank has always made an effort for industrialization of the country. And at the current scenario, the bank is devoted on making the economy stronger.</span></p>',
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			'title' => 'Financial Innovations@2013-14',
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	<strong><img alt="" height="178" src="https://lh4.googleusercontent.com/FKYmXpq2e4I_H926dsWLXD9QmLRg0pXsAldCeSCISR8=w174-h207-p-no" width="150" /><br />
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<p>
	<strong>By Madhukar SJB Rana</strong></p>
<p>
	<strong>Promote Local Bond Markets through People-Public-Private Partnerships (4Ps) </strong></p>
<p>
	A national bond market is eminently needed to generate greater savings and investment for economic growth and employment, especially at the district/ municipal level through local initiatives. PPPP-projects that are commercially viable should be allowed to raise their capital by floating municipal bonds against firm pledges of fixed annual interest payments by the concerned people-public-private partnerships. This will provide ample opportunities for local banks and financial institutions to invest local savings locally— rather than sending them to Kathmandu (or elsewhere across the border).</p>
<p>
	To safeguard the interest of local banks and local financial institutions they should be represented on the Board of Directors, if they so desire, either as independent members in the said Board or as a separate body in the form of Executive Advisors representing the creditors duly empowered with veto rights over Board’s decisions-- but subject to Compulsory Arbitration in the event of disputes.</p>
<p>
	Naturally, when the national bond market is so under-developed it may be considered foolhardy to even think of local bond markets. Nevertheless, given the on-going global financial crisis, Nepal, along with all development nations, must begin to think out of the aid box, so to speak. Bond markets are a way out; just as negotiating ‘debt write offs’ with donors.</p>
<p>
	It is estimated that in South Asia only 20% of GDP is accounted for by South Asia’s bond market, as compared to 45% by equity markets and 35% by bank assets. Contrast this with South Korea whose bond market is 114% of GDP!</p>
<p>
	And why not this measure if one desires to arrest the informal capital outflows that never comeback and to tide over the idle dollars balance lying with the Nepal Rastra Bank to more productive uses? Long term financing is the need of the hour for investments in the acutely needed economic and social infrastructure in Nepal (e.g roads, railways, metros, hydro and solar energy, power lines, warehouses and cold storages, technological universities, resorts hotels, modern hospitals catering to health tourism, SEZs, EPVs, EPzs to promote exports and import substitution in manufacturing etc).</p>
<p>
	<strong>Promote Local Stock Markets through Private Venture Capital Companies </strong><br />
	State owned banks and financial institutions should be privatized as “it’s not the business of Nepal Government to do business”. Fears will naturally mount with employees of such institutions as to their future. The experience and skills in finance of those whose service will become redundant should be harnessed innovatively. A possible innovation is to create locally-based Venture Capital Companies (VCCs) to buy and sell equities of local businesses locally. In this way, proprietorships and partnerships can be upgraded into private or public limited companies gradually –and the informal sector encouraged to turn formal with new possibilities for debt and equity finance. These VCCs could also serve as business consulting enterprises to harness Nepal’s local entrepreneurial spirit from amidst all classes and castes.</p>
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	These VCCs can be created as private or public limited companies jointly owned by shareholders (say national and local governments, banks and financial institutions, individual promoters and also its employees), who should raise their capital from their own investments in sufficient manner to be able to meet the cost of operations; as well as raise debt finance to the extent of 40% of equity holdings. This debt finance can be drawn from a National Venture Capital Fund (NVCF) initially created by the Ministry of Finance where interested companies should be required to submit competitive bids for the loan of the funds from NVCF.</p>
<p>
	It is expected that this innovation will help boost rural small industries and businesses as well as promote a culture of equity transactions that will contribute to stopping land fragmentation due to inheritance portioning. Through this financial innovation family members will see the benefit of equitization of their land holdings as commercial businesses (rather than engaging in partition of land into uneconomical parcels as now prevails to the detriment of the local economy).</p>
<p>
	<strong>Deepen Debt Market and Enhance Monetary Independence </strong></p>
<p>
	Three innovations are suggested: <br />
	(A) (1) Encourage lease finance (note: the fear of revenue loss must be weighed against the social costs of youth unemployment and alienation; further, the fact is that small businesses are not paying income taxes as yet) to benefit, in particular, the youth employment in the film, media and sports businesses; (2) small businesses engaged in logistic management—the structural weakness of a mountain economy ( in such areas as cold storage, warehouses, construction, auto-repair workshop that suffer from low productivity due to lack of capital investment and modern technology; (3) information technology (IT) businesses; (4) foreign employment loans and education loans for youth especially; (5) acceptance of second mortgage financing provision by banks and finance companies; and (6) allowing access to Indian stock and bond markets for investments as well as mobilizing Indian portfolio investments and FDI--- on a balanced basis , if need be, by each bank or FI to safeguard from net capital outflows.</p>
<p>
	(B) Negotiate with India to go into a managed flexible exchange rate system for the provision by them to Nepal of the required Indian Rupees credit to bring equilibrium in the balance of payments; hedge against currency speculation and deal with the likely inflationary impact on basic commodities on account of depreciation of Nrs through compensatory fiscal and monetary policies to subsidize imports and import substation agriculture production and industries. This will have the salutary impact by curtailing imports, promoting exports and further import substitution in the agriculture and manufacturing sector. Tourism will boom. Without an industrialization process, found mainly on forest and agro-industries, Nepal will not be able to be a modern developed economy: which it should strive to be by 2030 with 20% share of GDP.</p>
<p>
	(C) Government to refrain from creating an Asset Management Company in the public sector. It is bound to be self defeating and worse than the disease with the rampant graft and corruption that is guaranteed in such a state monopoly. As an alternative, encourage banks, with suitable incentives, to open their own private asset management companies for their asset securitization.</p>
<p>
	<strong>- (Former Finance Minister Rana is currently a professor at SAIM)</strong><br />
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	<span style="font-size:9.0pt;line-height:115%">Swiss International was established as the first showroom of watches in Kathmandu almost half-a-century ago, in 1965. The company is currently located in Durbarmarg and deals in major international watch brands such as Corum, Omega, Titoni, Enicar, Longines, Roamer, Olma and Police. Given its long history, the company associates itself with qualities such as trust, loyalty and goodwill. It also banks on the consumers’ knowledge of global brands, ability to determine quality of product. </span></p>
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	<span style="font-size:9.0pt;line-height:115%">Omega SA is a Swiss luxury watchmaker based in Biel/Bienne, Switzerland and has been the official timekeeping device of the Olympic Games since 1932. Titoni Ltd, too, is a Swiss watch company that was founded in 1919 by Fritz Schluep in the city of Grenchen. Since its foundation, the watches are sold mainly in the Asian and Middle East market. Saint- Imier based Longines is another luxury watches house from Switzerland. Founded by Auguste Agassiz in 1832, the company is owned by the Swatch Group. Its winged hourglass logo is the oldest registered for a watchmaker. Longines is known for its ‘Aviators’ </span></p>
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	<span style="font-size:9.0pt;line-height:115%">Swiss International thrives on its readiness to give knowledge to the customers. It has a decent set of loyal customers that appreciates the value of this old store with its experienced staff ready to impart required information to anybody who visits the store.</span></p>',
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	<span style="font-size:9.0pt;line-height:115%"><img alt="" height="120" src="https://lh4.googleusercontent.com/-0PMAZDS3uc4/Uc_ydZl_D6I/AAAAAAAAAbs/SVTflD5vL5g/h120/Watches.bmp" width="212" /><br />
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	<strong><span style="font-size:9.0pt;line-height:115%">By Pinaki Roy</span></strong></p>
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	<em><span style="font-size:9.0pt;line-height:115%"><br />
	</span></em></p>
<p class="MsoNormal">
	<em><span style="font-size:9.0pt;line-height:115%">The business of watches that was doing well till about a few years ago, has started to decline over the past few years. Industry insiders claim that the market of wrist watches that was registering a drop in business by 5-10 per cent yearly has its sales figures down by nearly 40 per cent since last Dashain.</span></em></p>
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	<em><span style="font-size:9.0pt;line-height:115%"> </span></em></p>
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	<span style="font-size:9.0pt;line-height:115%">T here is a diverse array of watches available in the Nepali market now-a-days, from low cost watches to high end Swiss-made watches. There are hundreds of watch brands having their presence in the market with a prominent few doing decent business. However, traders rue that the market is going through an absolute low with most companies involved in the distribution and retailing of wrist watches barely managing to survive in the market. </span></p>
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	<span style="font-size:9.0pt;line-height:115%"> </span></p>
<p class="MsoNormal">
	<strong><span style="font-size:9.0pt;line-height:115%">Difficult Times </span></strong></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%"> </span></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%">Traders say the industry has not registered expected growth over a period of last few years with sales of watches facing a steady decline of 5-10 per cent on an annual basis. “The situation has become particularly grim since last Dashain and the sales of watches are down by almost 40 per cent,” says Pankaj Jhunjhunwala, the young CEO of Swiss International, the first watch showroom in Kathmandu that opened way back in 1965. He adds that the government initiative to promote business environment in the country is sorely missing. </span></p>
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	<span style="font-size:9.0pt;line-height:115%"> </span></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%"><img alt="" height="120" src="https://lh3.googleusercontent.com/-wzZ_CYfE7so/Uc_5AXW-uvI/AAAAAAAAAcA/Zn1Q9vcIXEk/h120/Watch+1.bmp" width="233" /><br />
	</span></p>
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	<span style="font-size:9.0pt;line-height:115%">Sunil Kumar Agrawal of Nepal Trade Network echoed the sentiment saying that the market for wrist watches is currently down because of an unfavourable business environment in the country. “Money is not coming into the market resulting in a lack of cash movement in the country.” He adds that political stability can help turn things around and revitalise the market. </span></p>
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	<span style="font-size:9.0pt;line-height:115%"> </span></p>
<p class="MsoNormal">
	<strong><span style="font-size:9.0pt;line-height:115%">Various Brands </span></strong></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%"> </span></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%">Him Electronics, Regency Watch, Sulux Centre, Nepal Trade Network and Swiss International are the leading distributors of wrist watches in Nepal dealing in famous brands such as Timex, Tag Heuer, Tudor, Rado, Raymond Weil, Victorinox, Tissot, Omega, Rado, Cartier, Chopard Breitling, Baume, Mercier, Titan, Fastrack, Sonata, Corum, Titoni, Longines, Enicar, Roamer, Olma and Police among others. <br />
	</span></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%"> </span></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%"><img alt="" height="120" src="https://lh6.googleusercontent.com/-IZgOrCD2hs0/Uc_6PBFWXfI/AAAAAAAAAcY/_2zevOa0iuc/h120/Watch+3.bmp" width="89" /><br />
	</span></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%">While there are brands that are distributed by more than one trader, Jhunjhunwala points out that there is a difference in buying products from an old distributor vis-à-vis a new one. “People know us for almost 50 years now and the goodwill certainly holds us in good stead,” he says. </span></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%"> </span></p>
<p class="MsoNormal">
	<strong><span style="font-size:9.0pt;line-height:115%">Vantage Point </span></strong></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%"> </span></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%">Most of the showrooms for watches were located in New Road and Bishal Bazaar earlier. However, the leading showrooms have shifted base to Durbarmarg. Jhunjhunwala justifies this shift in location, “We moved our showroom to Durbarmarg keeping in mind the market allocation.” He said that Durbarmarg serves as an appropriate location for showrooms of wrist watches because of the segment of people that frequent the area. </span></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%"> </span></p>
<p class="MsoNormal">
	<strong><span style="font-size:9.0pt;line-height:115%">Target Market </span></strong></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%"> </span></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%">Jhunjhunwala says that his company targets all Nepali locals as its target clientele. “A lot of people, particularly the members of the business community are well travelled and hence, are exposed to brands worldwide.” He adds that from a marketer’s perspective, selling wrist watches is about managing the brands better. </span></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%"> </span></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%">Titan Watches entered the Nepali market in 1997; however, Nepal Trade Network that currently distributes Titan watches in Nepal is in its 9th year of operation. The company has three exclusive showrooms and around 40 retail outlets in the country. Agrawal says that the company targets everyone who is capable of buying a watch. Titan has watches ranging in price from Rs 2,000 to Rs 40,000 while its sub-brand Fastrack has watches in the price range of Rs 1,200 – Rs 9,000 targeted at the youth. Another sub-brand Sonata is targeted at the lower segment and its watches cost between Rs 600 and Rs 3,000. His store also sells Real Gold Watches (Nebula series) from Titan between the price range of Rs 100,000 and Rs 400,000 targeted at the upper segment. </span></p>
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	<span style="font-size:9.0pt;line-height:115%">Young people are buying watches more as fashion statements than necessities, observes a retailer. “Fashion is the driving factor for a lot of people to buy watches,” says Agrawal. “Factors like the model, brand name and the cost of the watch itself come into consideration afterwards.” A section of people buy separate watches to go with party wear as well as casual and formal attires while there are some who go for watches in the contemporary category. </span></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%"> </span></p>
<p class="MsoNormal">
	<strong><span style="font-size:9.0pt;line-height:115%">The Gender Shift </span></strong></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%"> </span></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%">Jhunjhunwala opines that the women in Nepal are coming into their own of late and are willing to purchase more. While the ratio of watch models for women vis-à-vis men at his store stood at a dismal 20:80 not too long ago, it has jumped to a significant 35:65 in recent times. “It is a reflection of the changing times with women becoming more brand conscious and having a sound mind to purchase in comparison to men.” </span></p>
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	<span style="font-size:9.0pt;line-height:115%"> <img alt="" height="120" src="https://lh3.googleusercontent.com/-oQ8utq_2EFo/Uc_5eEIPRqI/AAAAAAAAAcI/Pd-IO5tAxHU/h120/Watch+2.bmp" width="128" /></span></p>
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	<span style="font-size:9.0pt;line-height:115%">Agrawal too says that there is a surge in the number of watch models for women. His store at Durbarmarg that sells Titan, Fastrack and Sonata watches has a ratio of 40:60 for women’s watches in comparison to men’s. </span></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%"> </span></p>
<p class="MsoNormal">
	<strong><span style="font-size:9.0pt;line-height:115%">Ray of Hope </span></strong></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%"> </span></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%">Industry watchers claim that the purchasing power of the general public has gone down and that has hit hard the sales of high end as well as low cost watches. “People are simply not willing to spend money in the prevailing situation, they are conserving right now.” He added that the people are not open minded to spend and blamed it on the political uncertainly in the country. </span></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%"><br />
	</span></p>
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	<span style="font-size:9.0pt;line-height:115%">Distributors and traders of watches agree in unison that a stable political environment in the country will help the economy improve and turnaround their business fortunes as well. Willingness to spend money is the key to rejuvenate the market which can only come with a sense of security among the country’s denizens, they say. “There is hope despite the current lull. We are keeping our fingers crossed and staying positive about the future,” Jhunjhunwala remarks. </span></p>
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	<span style="font-size:9.0pt;line-height:115%"> </span></p>
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	<span style="font-size:9.0pt;line-height:115%">Agrawal reasons that watch is an essential commodity and therefore, the sale of wrist watches will ultimately pick up even though it is going through a quiet period. The industry is hoping that the market will get better around Dashain this year and the overall situation will improve considerable in a couple of years’ time.</span></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%"> </span></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%"> </span></p>',
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			'title' => 'Rumpum Instrumental In Breaking Monopoly Market',
			'sub_title' => '',
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			'content' => '<p>
	<strong>Mahesh Jaju <br />
	Managing Director <br />
	Asian Thai Foods<br />
	<br />
	<br />
	<br />
	</strong></p>
<p>
	<strong>By Upashana Neupane</strong><br />
	<br />
	Launched 13 years ago in the market, Rumpum brown noodles with its unique taste has become a household name in Nepal. The brand, which was launched in late 90s with a massive media campaign, was initially targeted at the 8-18 year-old. However, over the years, the brand, has slowly become a favourite among households and working class people. According to Managing Director Mahesh Jaju Rumpum is now the leading brown noodle in Eastern Development Region. <br />
	<br />
	Available in two flavours -- chicken and vegetarian, Rumpum is a Nepali noodle which tastes like Singapore soup. The noodle is rich in nutrients such as Vitamin A, Vitamin D3, Calcium and Proteins, the company says.&nbsp; Asian Thai Foods P. Ltd., a Sharda &amp; Jaju Group joint venture, entered into the brown noodle segment at a time when there was monopoly in the market of brown noodles. But Rumpum, with its ability to adapt to the changing market, soon proved that it was here to stay. <br />
	<br />
	“We are very conscious about the brands. We have a very strong research dept and an international quality lab to check our products regularly to uphold our standards,” shares Mr. Jaju. Meanwhile, as more brands entered into the market, competition intensified. To attract consumers, Rumpum has been running various consumer schemes to attract new consumers including the initial highly successful offer of putting a toffee along with each Rumpum. <br />
	<br />
	The company, which was started with 250 employees, now has 600. Rumpum is currently the largest exported brand to be made and exported from Nepal to India. Besides they also export regularly to USA, Bhutan, Bangladesh, Malaysia and countries in the Gulf, according to Asian Thai Foods. Managing Director Mahesh Jaju says, ‘’Brands stand the test of time only if they do not compromise on quality. One has to be able to be position a product differently from the rest to push the brand towards success’’, he concludes.&nbsp; As part of the CSR, besides supporting various sport activities, cultural programs etc, the company has time and again provided noodle during natural calamities.<br />
	<br />
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			'article_category_id' => '150',
			'title' => 'Business Briefs (24 - 30 June 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<br />
	<strong>HCL’s Tablets in Market <br />
	</strong><br />
	Neoteric Nepal Pvt Ltd, authorized distributors of HCL has launched four new Android tablets in the market. The launched tablets are HCL ME U2, HCL ME V1, HCL ME Y3 Dual SIM and HCL ME G1. According to the company, the performance of HCL tablet is smooth and responsive, and they are housed in a slim metal structure and weighs light making the tablets very easy to carry and hold. <br />
	<br />
	<br />
	<img alt="" border="1" height="238" hspace="10" src="http://www.newbusinessage.com/images/thecorporate/smartphones.jpg" vspace="10" width="339" /><br />
	<br />
	<strong>New Range of DTC Smartphones <br />
	</strong><br />
	Call Mobility has launched new range of DTC smartphones with enhanced features. The new models are GT10 ASTROID BULLET and GT7 ASTROID MAX. GT10 comes with a large 6 inch capacitive touch screen. The handset is powered by a 2 GHZ dual core processor and runs on Android Jelly Bean 4.1.1.Other features include 5MP rear and 1.3MP front camera, 3000mAh battery, proximity/light/gravity sensor, GPRS and EDGE among others. Similarly, GT7 is powered by a 1GHZ processor. The phone with 4.3” WVGA capacitive touch screen comes with Android 2.3.5. <br />
	<br />
	<br />
	<img alt="" border="1" height="161" hspace="10" src="http://www.newbusinessage.com/images/thecorporate/explorenepal.jpg" vspace="10" width="282" /><br />
	<br />
	<strong>Demak DTM’s ‘Explore Nepal’ <br />
	</strong><br />
	Agni Incorporated Pvt Ltd, the sole distributor of Demak motorcycles for Nepa has announced ‘Explore Nepal’ offer. On every purchase of Demak DTM 150 motorcycle, customers are entitled to a ‘Convenience Kit’ worth Rs 50,000 that includes canyoning, rafting, bungee/ swing and overnight stay at The Last Resort, Tatopani and adventure tools from Sherpa Adventure Gear. This offer is valid for limited period. <br />
	<br />
	<br />
	<img alt="" border="1" height="205" hspace="10" src="http://www.newbusinessage.com/images/thecorporate/himstar.jpg" vspace="10" width="356" /><br />
	<br />
	<strong>Himstar’s new Vacuum Cleaners <br />
	</strong><br />
	Him Electronics has introduced new Himstar vacuum cleaners in the market. The company has introduced four new models, two of which are bag-less cyclone models and the other two are canister type. According to the company, these vacuum cleaners operate with less noise and consume less electricity, and can filter particles as small as 0.3 micron. The vacuum cleaners come with one year warranty. <br />
	<br />
	<br />
	<img alt="" border="1" height="198" hspace="10" src="http://www.newbusinessage.com/images/thecorporate/sbfurniture.jpg" vspace="10" width="210" /><br />
	<br />
	<strong>SB Furniture’s ‘Made for Each Other’ Offer</strong><br />
	<br />
	SB Furniture Nepal has launched a promotional offer named ‘Made for Each Other’. The offer is on bedroom sets which will include Rs 20,000 worth of cash discounts on selected range of products. The bedroom set includes a bed, wardrobe and a dressing table. The promotion started from June 15, and the cash vouchers are available in company’s showroom at Lagankhel and Panipokhari.<br />
	<br />
	 </p>',
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			'title' => 'Subisu’s SLC Graduate Package',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Subisu Cablenet (P) Ltd has launched ‘2069 SLC Graduate Internet Package’ for SLC appeared students. Under this package, SLC graduates can avail 512 Kbps internet package with 50 hours per month at Rs 750 per month, which also includes cable TV channels, Bitdefender Antivirus Internet Security 2013 and a pen drive”. Internet scholarships are available for other unlimited packages as well. This offer is valid in Kathmandu Valley and for new connections only.<br />
	 </p>',
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			'created' => '2013-06-28',
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Code Context
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		'Article' => array(
			'id' => '1218',
			'article_category_id' => '151',
			'title' => 'How To Cope With Chronic Complainers',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<strong><img alt="" height="120" src="https://lh6.googleusercontent.com/-_nFVO9_rctQ/UdE5spzGu4I/AAAAAAAAAUM/Y1H_MpZpWn8/h120/how.bmp" width="168" /><br />
	</strong></p>
<p>
	<strong>By Sue Shellenbarger </strong></p>
<p>
	There is a whole lot of complaining going on in many workplaces. All the griping has far-reaching effects on both individual and group performance. Work teams whose communication is marked by distrust, negativity and cynicism tend to turn in lower profits and get poor performance ratings from bosses, co-workers and customers, according to studies at the University of North Carolina, Chapel Hill, and the Universade Catolica de Brasilia.</p>
<p>
	Upbeat teams with members who encourage and express appreciation for each other not only reap more profits and higher customer-satisfaction ratings, but they give each other more chances to be creative and take constructive action, the research shows. That doesn’t mean the top teams are all sweetness and light, but they keep positive-to-negative interactions at a ratio of 3-to-1 or higher, the research shows.</p>
<p>
	To cope with chronic complainers, it helps to understand their motives, says Will Bowen, an author and speaker on the topic. Some are trying to duck responsibility for screwing up, so they blame somebody else. In these cases, he suggests turning the focus back on the complainer, asking what they plan to do differently the next time.</p>
<p>
	Others try to make themselves look good by putting colleagues down, Mr. Bowen says. If a colleague calls another co-worker lazy, he says, compliment them on the opposite attribute (if you can do so truthfully), by saying, “One of the things I’ve always appreciated about you is how hard you work,” says Mr. Bowen, author of “A Complaint-Free World.” <br />
	A particularly damaging complainer is one who wants to gain power, and who “complains as a way of getting people on their side,” Mr. Bowen says. Attracting colleagues to a gripe fest can expand the power-seeker’s influence, not only over peers but over bosses who are the targets. In such cases, Mr. Bowen suggests urging the complainer to take their beef directly to the person they’re attacking, saying, “It sounds like you two have something to talk about.”</p>
<p>
	Some bosses simply refuse to tolerate complainers. Trevor Blake, an entrepreneur and author of “Three Simple Steps,” a book about the mental skills needed to succeed, says if any employee in any of the four companies he founded refused to help find solutions for their gripes, “they no longer had a place in my company.” He recommends avoiding co-workers’ gripe fests and, if possible, distancing yourself from complainers by taking a break away from the office, or by consciously focusing on positive images or places. <br />
	<strong>- (The Wall Street Journal)</strong><br />
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			'title' => 'Ceiling On School Ad Expense Flayed',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Stakeholders have demanded that the government scrap rules that limit the amount of money a school can spend on advertising. Speaking at an interaction titled ‘Advertisement in Education Sector: Importance and Impact’, school owners, advertising agency operators and experts said that the rule was not acceptable. </p>
<p>
	The government has fixed a ceiling of Rs 500,000 on publicity for schools in Kathmandu and even lower for those outside Kathmandu. Bhojraj Aryal, chairman of Infinity Media presented a paper in the programme and he said that such provisions were against the norms of a liberal society and economy. He said, “It will create problems for media, advertising agencies and advertisements creators.” </p>
<p>
	Dr Pradip Bhattarai, a media professional, said such a ban benefits established schools and penalises new ones. Ramesh Kr Silwal, Chief Executive of the Golden Gate College and Vice-Chairman of Higher Secondary School Association of Nepal (HISSAN), said, “The government should allow colleges to spend a certain portion of their income on advertisement.”<br />
	<br />
	 </p>',
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		'Article' => array(
			'id' => '1216',
			'article_category_id' => '151',
			'title' => 'Different Styles And Aproaches Of Learning',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img alt="" height="144" src="https://lh6.googleusercontent.com/-YMOYrkbDIPA/UdE5Ec_sZYE/AAAAAAAAAUE/kF-NxmCw75U/s144-c/July1201305.jpg" width="144" /></p>
<p>
	I trained as an art teacher in the UK and taught there briefly before moving to New York.</p>
<p>
	I quickly discovered that the arts are considered luxury extras in many US schools. The goal of most urban charter schools is to provide a long day of instruction in math, English, science and social studies, so they can get their students through exams essential to college acceptance: the American educational gold standard. <br />
	It’s taken me five years to find a school which truly values the arts and which infuses them into the rest of the curriculum to encourage the kind of deep noticing and practical problem solving children need to become flexible and creative thinkers. My school’s partner, The Lincoln Center Institute, sent us a wonderful dance teacher who introduced our math students to Flamenco, teaching them to use their own bodies to map the formal patterns of the dance and connect the patterns to the idea of constants and variables in algebra.</p>
<p>
	So this is my lesson from teaching abroad – the importance of the arts in schools, but I would want to apply it to the rest of America, which badly needs it. Also, British art teachers please note: never asks a class of American adolescents to take out their rubbers - that won’t go so well.</p>
<p>
	<strong>- (Based on talk with Amanda Barragry, art teacher, New York, USA, by Emma Dury: The Guardian)</strong><br />
	<br />
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			'id' => '1215',
			'article_category_id' => '151',
			'title' => 'SLC Results Decline Due To Politics: Experts',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	The Office of the Controller of Examinations (OCE) on Tuesday published the results of the School Leaving Certificate (SLC) exams held from March 14-22 this year. According to the OCE, of the 547,165 students who appeared in this year's SLC exam, only 42.75 percent passed. This is the fifth year in row that this rate has came down. <br />
	The Corporate talked to education experts and officials concerned about the reason behind the decline in the pass percentage.</p>
<p>
	<img alt="" height="144" src="https://lh5.googleusercontent.com/-9Tcptw13v-4/UdE3YKNYfFE/AAAAAAAAATI/GZ0oXm5qlOs/s144-c/July1201302.jpg" width="144" /></p>
<p>
	<strong>Som Lal Subedi <br />
	Secretary, the Ministry of Education (MoE)&nbsp;</strong></p>
<p>
	A host of factors have contributed to the decline in pass percentage. First of all, we introduced some changes to the exam system this year. We directed teachers grading the papers to be stricter. Secondly, the political situation of the country has also had an effect. However, we are planning to form a committee to find out the main reasons. We are also trying to increase budget for education. Educational institutions have been heavily politicised. Political parties are also responsible for the situation.</p>
<p>
	<img alt="" height="144" src="https://lh4.googleusercontent.com/-CSMUMZArMm4/UdE3g3B09PE/AAAAAAAAATU/8rD0k-4aPow/s144-c/July1201303.jpg" width="144" /></p>
<p>
	<strong>Prof Dr Bidya Nath Koirala <br />
	Education expert </strong></p>
<p>
	Well, I believe that the parents and the students are responsible for the results. Students these days do not have a habit of studying regularly. Similarly, parents create panic among their children rather than encouraging them to study. The priority should have been on harnessing individual talent. Political situation of the country has also definitely had an effect.</p>
<p>
	<img alt="" height="144" src="https://lh4.googleusercontent.com/-woHs83kmAAk/UdE3kAL70lE/AAAAAAAAATg/WsViEK_xzvc/s144-c/July1201304.jpg" width="144" /></p>
<p>
	<strong>Lawa Dev Awasthi <br />
	Director General <br />
	Department of Education </strong></p>
<p>
	All stakeholders -- teachers, students, guardians, schools and the government are responsible for such a poor result. I think that there are faults in the classroom itself. It is necessary to improve the entire system from the very basic level. Reforms are necessary. Unaccountability on the part of teachers should be taken seriously. DoE will adopt measures to improve the results next year.<br />
	<br />
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	It is a fact that mobile markets in Nepal are taking a tremendous height. The presented fact that around 17.5 million handsets have been sold in Nepali market and more than 50 percent of the population owns at least a mobile set, is really noteworthy. Meanwhile, the growing mobile market can also contribute positively in national economy. Thus, the market needs to be healthy and effective enough. </p>
<p>
	<strong>- Samiksha Acharya<br />
	<br />
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	CEO of a bank came back from his latest trip to Europe and joined the office. One of his clients, a businessman, who is also his long time friend comes to meet him in the office and enquires. “What have you bought this time from your vacation and shopping”? </p>
<p>
	“I have got best bargain ever. I’ve just bought few Rolex, latest iPhone and four nylon, steel-belted radial tyres of BMW – and heavy duty ones at that, at a 35% discount.” <br />
	“Are you off your rocker” Are you mad – you bought tyres of BMW, whereas you have a Volkswagon.” </p>
<p>
	“Well, what about you? Don’t you buy bras?” </p>
<p>
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	<br />
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			'description' => 'new business age business cartoons news & articles, business cartoons news & articles from new business age nepal, business cartoons headlines from nepal,  current and latest business cartoons news from nepal, economic news from nepal, nepali business cartoons economic news and events,  ongoing business cartoons news of nepal',
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			'title' => 'Clarion Call For School Reforms',
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	Office of the controller of Examination recently published School Leaving Certificate (SLC) results with the pass percentage of 41.57 which is the lowest for the last eight years. This has further accentuated the question mark on our school education system. </p>
<p>
	According to the Ministry of Finance, the budget on education sector reached to Rs 63.91 billion in the current fiscal year from only Rs 27 million in the fiscal year 2006-07. Most of this money went to the public schools and they are the ones that fared badly also this year. </p>
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	It is general knowledge that teachers at public schools are more active in politics and they are normally absent in the classrooms. </p>
<p>
	The solution may be running public schools in Principal-Agent Model in which the payoff to the principal depends on an action taken by the agent. The principal cannot contract for the action, but can compensate the agent based on some observable signal that is correlated with the action. Here the principals are parents of the students and the agents are the teachers. If these principals have rights to decide the pay offs (salary and perks) to the agents according to the observable signals (results and change in behaviours of students), the SLC results can be expected to improve significantly. </p>
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	The fact that those public schools that are managed by the community have far better results consistently year after year lends further weight to this argument. The conclusion: Let’s hand over all public schools to the communities. Another problem related to SLC results is the frustration it causes to those who fail. This has resulted into cases of suicides as well. One solution to this is to speed up the implementation of the already adopted plan to make grade 12 exams as the school graduation level. </p>
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	Next is to introduce a system of issuing certificates to the students on the basis of the number of subjects they have passed. If a student is good in fine arts but is weak in mathematics, he can be thus allowed to go to his profession without the stigma of ‘SLC failed’.<br />
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			'title' => 'NIDC Proposes ‘Infrastructure Development’ Bank',
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&quot;Myriad Pro&quot;;color:#221E1F">On the occasion of the 55th Anniversary of NIDC Development Bank Ltd, Finance Minister Shankar Prasad Koirala stated the management is willing to change the bank into an infrastructure development bank. He has requested to bring out with the proper proposal for the change of the bank’s structure. </span></p>
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	<span style="font-size:9.0pt;line-height:115%;mso-bidi-font-family:
&quot;Myriad Pro&quot;;color:#221E1F">Similarly, the chairman of the board of bank Khumraj Punjali argued that NIDC is capable to change into an infrastructure development bank. He added that the bank is doing the necessary homework for this purpose. Meanwhile, general manager of the bank, Shivaji Rai Yadav said that the bank has always made an effort for industrialization of the country. And at the current scenario, the bank is devoted on making the economy stronger.</span></p>',
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	<strong><img alt="" height="178" src="https://lh4.googleusercontent.com/FKYmXpq2e4I_H926dsWLXD9QmLRg0pXsAldCeSCISR8=w174-h207-p-no" width="150" /><br />
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	<strong>By Madhukar SJB Rana</strong></p>
<p>
	<strong>Promote Local Bond Markets through People-Public-Private Partnerships (4Ps) </strong></p>
<p>
	A national bond market is eminently needed to generate greater savings and investment for economic growth and employment, especially at the district/ municipal level through local initiatives. PPPP-projects that are commercially viable should be allowed to raise their capital by floating municipal bonds against firm pledges of fixed annual interest payments by the concerned people-public-private partnerships. This will provide ample opportunities for local banks and financial institutions to invest local savings locally— rather than sending them to Kathmandu (or elsewhere across the border).</p>
<p>
	To safeguard the interest of local banks and local financial institutions they should be represented on the Board of Directors, if they so desire, either as independent members in the said Board or as a separate body in the form of Executive Advisors representing the creditors duly empowered with veto rights over Board’s decisions-- but subject to Compulsory Arbitration in the event of disputes.</p>
<p>
	Naturally, when the national bond market is so under-developed it may be considered foolhardy to even think of local bond markets. Nevertheless, given the on-going global financial crisis, Nepal, along with all development nations, must begin to think out of the aid box, so to speak. Bond markets are a way out; just as negotiating ‘debt write offs’ with donors.</p>
<p>
	It is estimated that in South Asia only 20% of GDP is accounted for by South Asia’s bond market, as compared to 45% by equity markets and 35% by bank assets. Contrast this with South Korea whose bond market is 114% of GDP!</p>
<p>
	And why not this measure if one desires to arrest the informal capital outflows that never comeback and to tide over the idle dollars balance lying with the Nepal Rastra Bank to more productive uses? Long term financing is the need of the hour for investments in the acutely needed economic and social infrastructure in Nepal (e.g roads, railways, metros, hydro and solar energy, power lines, warehouses and cold storages, technological universities, resorts hotels, modern hospitals catering to health tourism, SEZs, EPVs, EPzs to promote exports and import substitution in manufacturing etc).</p>
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	<strong>Promote Local Stock Markets through Private Venture Capital Companies </strong><br />
	State owned banks and financial institutions should be privatized as “it’s not the business of Nepal Government to do business”. Fears will naturally mount with employees of such institutions as to their future. The experience and skills in finance of those whose service will become redundant should be harnessed innovatively. A possible innovation is to create locally-based Venture Capital Companies (VCCs) to buy and sell equities of local businesses locally. In this way, proprietorships and partnerships can be upgraded into private or public limited companies gradually –and the informal sector encouraged to turn formal with new possibilities for debt and equity finance. These VCCs could also serve as business consulting enterprises to harness Nepal’s local entrepreneurial spirit from amidst all classes and castes.</p>
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	These VCCs can be created as private or public limited companies jointly owned by shareholders (say national and local governments, banks and financial institutions, individual promoters and also its employees), who should raise their capital from their own investments in sufficient manner to be able to meet the cost of operations; as well as raise debt finance to the extent of 40% of equity holdings. This debt finance can be drawn from a National Venture Capital Fund (NVCF) initially created by the Ministry of Finance where interested companies should be required to submit competitive bids for the loan of the funds from NVCF.</p>
<p>
	It is expected that this innovation will help boost rural small industries and businesses as well as promote a culture of equity transactions that will contribute to stopping land fragmentation due to inheritance portioning. Through this financial innovation family members will see the benefit of equitization of their land holdings as commercial businesses (rather than engaging in partition of land into uneconomical parcels as now prevails to the detriment of the local economy).</p>
<p>
	<strong>Deepen Debt Market and Enhance Monetary Independence </strong></p>
<p>
	Three innovations are suggested: <br />
	(A) (1) Encourage lease finance (note: the fear of revenue loss must be weighed against the social costs of youth unemployment and alienation; further, the fact is that small businesses are not paying income taxes as yet) to benefit, in particular, the youth employment in the film, media and sports businesses; (2) small businesses engaged in logistic management—the structural weakness of a mountain economy ( in such areas as cold storage, warehouses, construction, auto-repair workshop that suffer from low productivity due to lack of capital investment and modern technology; (3) information technology (IT) businesses; (4) foreign employment loans and education loans for youth especially; (5) acceptance of second mortgage financing provision by banks and finance companies; and (6) allowing access to Indian stock and bond markets for investments as well as mobilizing Indian portfolio investments and FDI--- on a balanced basis , if need be, by each bank or FI to safeguard from net capital outflows.</p>
<p>
	(B) Negotiate with India to go into a managed flexible exchange rate system for the provision by them to Nepal of the required Indian Rupees credit to bring equilibrium in the balance of payments; hedge against currency speculation and deal with the likely inflationary impact on basic commodities on account of depreciation of Nrs through compensatory fiscal and monetary policies to subsidize imports and import substation agriculture production and industries. This will have the salutary impact by curtailing imports, promoting exports and further import substitution in the agriculture and manufacturing sector. Tourism will boom. Without an industrialization process, found mainly on forest and agro-industries, Nepal will not be able to be a modern developed economy: which it should strive to be by 2030 with 20% share of GDP.</p>
<p>
	(C) Government to refrain from creating an Asset Management Company in the public sector. It is bound to be self defeating and worse than the disease with the rampant graft and corruption that is guaranteed in such a state monopoly. As an alternative, encourage banks, with suitable incentives, to open their own private asset management companies for their asset securitization.</p>
<p>
	<strong>- (Former Finance Minister Rana is currently a professor at SAIM)</strong><br />
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	<span style="font-size:9.0pt;line-height:115%">Swiss International was established as the first showroom of watches in Kathmandu almost half-a-century ago, in 1965. The company is currently located in Durbarmarg and deals in major international watch brands such as Corum, Omega, Titoni, Enicar, Longines, Roamer, Olma and Police. Given its long history, the company associates itself with qualities such as trust, loyalty and goodwill. It also banks on the consumers’ knowledge of global brands, ability to determine quality of product. </span></p>
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	<span style="font-size:9.0pt;line-height:115%">Omega SA is a Swiss luxury watchmaker based in Biel/Bienne, Switzerland and has been the official timekeeping device of the Olympic Games since 1932. Titoni Ltd, too, is a Swiss watch company that was founded in 1919 by Fritz Schluep in the city of Grenchen. Since its foundation, the watches are sold mainly in the Asian and Middle East market. Saint- Imier based Longines is another luxury watches house from Switzerland. Founded by Auguste Agassiz in 1832, the company is owned by the Swatch Group. Its winged hourglass logo is the oldest registered for a watchmaker. Longines is known for its ‘Aviators’ </span></p>
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	<span style="font-size:9.0pt;line-height:115%">Swiss International thrives on its readiness to give knowledge to the customers. It has a decent set of loyal customers that appreciates the value of this old store with its experienced staff ready to impart required information to anybody who visits the store.</span></p>',
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<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%"><img alt="" height="120" src="https://lh4.googleusercontent.com/-0PMAZDS3uc4/Uc_ydZl_D6I/AAAAAAAAAbs/SVTflD5vL5g/h120/Watches.bmp" width="212" /><br />
	</span></p>
<p class="MsoNormal">
	<strong><span style="font-size:9.0pt;line-height:115%">By Pinaki Roy</span></strong></p>
<p class="MsoNormal">
	<em><span style="font-size:9.0pt;line-height:115%"><br />
	</span></em></p>
<p class="MsoNormal">
	<em><span style="font-size:9.0pt;line-height:115%">The business of watches that was doing well till about a few years ago, has started to decline over the past few years. Industry insiders claim that the market of wrist watches that was registering a drop in business by 5-10 per cent yearly has its sales figures down by nearly 40 per cent since last Dashain.</span></em></p>
<p class="MsoNormal">
	<em><span style="font-size:9.0pt;line-height:115%"> </span></em></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%">T here is a diverse array of watches available in the Nepali market now-a-days, from low cost watches to high end Swiss-made watches. There are hundreds of watch brands having their presence in the market with a prominent few doing decent business. However, traders rue that the market is going through an absolute low with most companies involved in the distribution and retailing of wrist watches barely managing to survive in the market. </span></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%"> </span></p>
<p class="MsoNormal">
	<strong><span style="font-size:9.0pt;line-height:115%">Difficult Times </span></strong></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%"> </span></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%">Traders say the industry has not registered expected growth over a period of last few years with sales of watches facing a steady decline of 5-10 per cent on an annual basis. “The situation has become particularly grim since last Dashain and the sales of watches are down by almost 40 per cent,” says Pankaj Jhunjhunwala, the young CEO of Swiss International, the first watch showroom in Kathmandu that opened way back in 1965. He adds that the government initiative to promote business environment in the country is sorely missing. </span></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%"> </span></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%"><img alt="" height="120" src="https://lh3.googleusercontent.com/-wzZ_CYfE7so/Uc_5AXW-uvI/AAAAAAAAAcA/Zn1Q9vcIXEk/h120/Watch+1.bmp" width="233" /><br />
	</span></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%">Sunil Kumar Agrawal of Nepal Trade Network echoed the sentiment saying that the market for wrist watches is currently down because of an unfavourable business environment in the country. “Money is not coming into the market resulting in a lack of cash movement in the country.” He adds that political stability can help turn things around and revitalise the market. </span></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%"> </span></p>
<p class="MsoNormal">
	<strong><span style="font-size:9.0pt;line-height:115%">Various Brands </span></strong></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%"> </span></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%">Him Electronics, Regency Watch, Sulux Centre, Nepal Trade Network and Swiss International are the leading distributors of wrist watches in Nepal dealing in famous brands such as Timex, Tag Heuer, Tudor, Rado, Raymond Weil, Victorinox, Tissot, Omega, Rado, Cartier, Chopard Breitling, Baume, Mercier, Titan, Fastrack, Sonata, Corum, Titoni, Longines, Enicar, Roamer, Olma and Police among others. <br />
	</span></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%"> </span></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%"><img alt="" height="120" src="https://lh6.googleusercontent.com/-IZgOrCD2hs0/Uc_6PBFWXfI/AAAAAAAAAcY/_2zevOa0iuc/h120/Watch+3.bmp" width="89" /><br />
	</span></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%">While there are brands that are distributed by more than one trader, Jhunjhunwala points out that there is a difference in buying products from an old distributor vis-à-vis a new one. “People know us for almost 50 years now and the goodwill certainly holds us in good stead,” he says. </span></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%"> </span></p>
<p class="MsoNormal">
	<strong><span style="font-size:9.0pt;line-height:115%">Vantage Point </span></strong></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%"> </span></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%">Most of the showrooms for watches were located in New Road and Bishal Bazaar earlier. However, the leading showrooms have shifted base to Durbarmarg. Jhunjhunwala justifies this shift in location, “We moved our showroom to Durbarmarg keeping in mind the market allocation.” He said that Durbarmarg serves as an appropriate location for showrooms of wrist watches because of the segment of people that frequent the area. </span></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%"> </span></p>
<p class="MsoNormal">
	<strong><span style="font-size:9.0pt;line-height:115%">Target Market </span></strong></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%"> </span></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%">Jhunjhunwala says that his company targets all Nepali locals as its target clientele. “A lot of people, particularly the members of the business community are well travelled and hence, are exposed to brands worldwide.” He adds that from a marketer’s perspective, selling wrist watches is about managing the brands better. </span></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%"> </span></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%">Titan Watches entered the Nepali market in 1997; however, Nepal Trade Network that currently distributes Titan watches in Nepal is in its 9th year of operation. The company has three exclusive showrooms and around 40 retail outlets in the country. Agrawal says that the company targets everyone who is capable of buying a watch. Titan has watches ranging in price from Rs 2,000 to Rs 40,000 while its sub-brand Fastrack has watches in the price range of Rs 1,200 – Rs 9,000 targeted at the youth. Another sub-brand Sonata is targeted at the lower segment and its watches cost between Rs 600 and Rs 3,000. His store also sells Real Gold Watches (Nebula series) from Titan between the price range of Rs 100,000 and Rs 400,000 targeted at the upper segment. </span></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%">Young people are buying watches more as fashion statements than necessities, observes a retailer. “Fashion is the driving factor for a lot of people to buy watches,” says Agrawal. “Factors like the model, brand name and the cost of the watch itself come into consideration afterwards.” A section of people buy separate watches to go with party wear as well as casual and formal attires while there are some who go for watches in the contemporary category. </span></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%"> </span></p>
<p class="MsoNormal">
	<strong><span style="font-size:9.0pt;line-height:115%">The Gender Shift </span></strong></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%"> </span></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%">Jhunjhunwala opines that the women in Nepal are coming into their own of late and are willing to purchase more. While the ratio of watch models for women vis-à-vis men at his store stood at a dismal 20:80 not too long ago, it has jumped to a significant 35:65 in recent times. “It is a reflection of the changing times with women becoming more brand conscious and having a sound mind to purchase in comparison to men.” </span></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%"> <img alt="" height="120" src="https://lh3.googleusercontent.com/-oQ8utq_2EFo/Uc_5eEIPRqI/AAAAAAAAAcI/Pd-IO5tAxHU/h120/Watch+2.bmp" width="128" /></span></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%">Agrawal too says that there is a surge in the number of watch models for women. His store at Durbarmarg that sells Titan, Fastrack and Sonata watches has a ratio of 40:60 for women’s watches in comparison to men’s. </span></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%"> </span></p>
<p class="MsoNormal">
	<strong><span style="font-size:9.0pt;line-height:115%">Ray of Hope </span></strong></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%"> </span></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%">Industry watchers claim that the purchasing power of the general public has gone down and that has hit hard the sales of high end as well as low cost watches. “People are simply not willing to spend money in the prevailing situation, they are conserving right now.” He added that the people are not open minded to spend and blamed it on the political uncertainly in the country. </span></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%"><br />
	</span></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%">Distributors and traders of watches agree in unison that a stable political environment in the country will help the economy improve and turnaround their business fortunes as well. Willingness to spend money is the key to rejuvenate the market which can only come with a sense of security among the country’s denizens, they say. “There is hope despite the current lull. We are keeping our fingers crossed and staying positive about the future,” Jhunjhunwala remarks. </span></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%"> </span></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%">Agrawal reasons that watch is an essential commodity and therefore, the sale of wrist watches will ultimately pick up even though it is going through a quiet period. The industry is hoping that the market will get better around Dashain this year and the overall situation will improve considerable in a couple of years’ time.</span></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%"> </span></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%"> </span></p>',
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			'created' => '2013-06-30',
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			'title' => 'Rumpum Instrumental In Breaking Monopoly Market',
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			'content' => '<p>
	<strong>Mahesh Jaju <br />
	Managing Director <br />
	Asian Thai Foods<br />
	<br />
	<br />
	<br />
	</strong></p>
<p>
	<strong>By Upashana Neupane</strong><br />
	<br />
	Launched 13 years ago in the market, Rumpum brown noodles with its unique taste has become a household name in Nepal. The brand, which was launched in late 90s with a massive media campaign, was initially targeted at the 8-18 year-old. However, over the years, the brand, has slowly become a favourite among households and working class people. According to Managing Director Mahesh Jaju Rumpum is now the leading brown noodle in Eastern Development Region. <br />
	<br />
	Available in two flavours -- chicken and vegetarian, Rumpum is a Nepali noodle which tastes like Singapore soup. The noodle is rich in nutrients such as Vitamin A, Vitamin D3, Calcium and Proteins, the company says.&nbsp; Asian Thai Foods P. Ltd., a Sharda &amp; Jaju Group joint venture, entered into the brown noodle segment at a time when there was monopoly in the market of brown noodles. But Rumpum, with its ability to adapt to the changing market, soon proved that it was here to stay. <br />
	<br />
	“We are very conscious about the brands. We have a very strong research dept and an international quality lab to check our products regularly to uphold our standards,” shares Mr. Jaju. Meanwhile, as more brands entered into the market, competition intensified. To attract consumers, Rumpum has been running various consumer schemes to attract new consumers including the initial highly successful offer of putting a toffee along with each Rumpum. <br />
	<br />
	The company, which was started with 250 employees, now has 600. Rumpum is currently the largest exported brand to be made and exported from Nepal to India. Besides they also export regularly to USA, Bhutan, Bangladesh, Malaysia and countries in the Gulf, according to Asian Thai Foods. Managing Director Mahesh Jaju says, ‘’Brands stand the test of time only if they do not compromise on quality. One has to be able to be position a product differently from the rest to push the brand towards success’’, he concludes.&nbsp; As part of the CSR, besides supporting various sport activities, cultural programs etc, the company has time and again provided noodle during natural calamities.<br />
	<br />
	 </p>',
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			'title' => 'Business Briefs (24 - 30 June 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<br />
	<strong>HCL’s Tablets in Market <br />
	</strong><br />
	Neoteric Nepal Pvt Ltd, authorized distributors of HCL has launched four new Android tablets in the market. The launched tablets are HCL ME U2, HCL ME V1, HCL ME Y3 Dual SIM and HCL ME G1. According to the company, the performance of HCL tablet is smooth and responsive, and they are housed in a slim metal structure and weighs light making the tablets very easy to carry and hold. <br />
	<br />
	<br />
	<img alt="" border="1" height="238" hspace="10" src="http://www.newbusinessage.com/images/thecorporate/smartphones.jpg" vspace="10" width="339" /><br />
	<br />
	<strong>New Range of DTC Smartphones <br />
	</strong><br />
	Call Mobility has launched new range of DTC smartphones with enhanced features. The new models are GT10 ASTROID BULLET and GT7 ASTROID MAX. GT10 comes with a large 6 inch capacitive touch screen. The handset is powered by a 2 GHZ dual core processor and runs on Android Jelly Bean 4.1.1.Other features include 5MP rear and 1.3MP front camera, 3000mAh battery, proximity/light/gravity sensor, GPRS and EDGE among others. Similarly, GT7 is powered by a 1GHZ processor. The phone with 4.3” WVGA capacitive touch screen comes with Android 2.3.5. <br />
	<br />
	<br />
	<img alt="" border="1" height="161" hspace="10" src="http://www.newbusinessage.com/images/thecorporate/explorenepal.jpg" vspace="10" width="282" /><br />
	<br />
	<strong>Demak DTM’s ‘Explore Nepal’ <br />
	</strong><br />
	Agni Incorporated Pvt Ltd, the sole distributor of Demak motorcycles for Nepa has announced ‘Explore Nepal’ offer. On every purchase of Demak DTM 150 motorcycle, customers are entitled to a ‘Convenience Kit’ worth Rs 50,000 that includes canyoning, rafting, bungee/ swing and overnight stay at The Last Resort, Tatopani and adventure tools from Sherpa Adventure Gear. This offer is valid for limited period. <br />
	<br />
	<br />
	<img alt="" border="1" height="205" hspace="10" src="http://www.newbusinessage.com/images/thecorporate/himstar.jpg" vspace="10" width="356" /><br />
	<br />
	<strong>Himstar’s new Vacuum Cleaners <br />
	</strong><br />
	Him Electronics has introduced new Himstar vacuum cleaners in the market. The company has introduced four new models, two of which are bag-less cyclone models and the other two are canister type. According to the company, these vacuum cleaners operate with less noise and consume less electricity, and can filter particles as small as 0.3 micron. The vacuum cleaners come with one year warranty. <br />
	<br />
	<br />
	<img alt="" border="1" height="198" hspace="10" src="http://www.newbusinessage.com/images/thecorporate/sbfurniture.jpg" vspace="10" width="210" /><br />
	<br />
	<strong>SB Furniture’s ‘Made for Each Other’ Offer</strong><br />
	<br />
	SB Furniture Nepal has launched a promotional offer named ‘Made for Each Other’. The offer is on bedroom sets which will include Rs 20,000 worth of cash discounts on selected range of products. The bedroom set includes a bed, wardrobe and a dressing table. The promotion started from June 15, and the cash vouchers are available in company’s showroom at Lagankhel and Panipokhari.<br />
	<br />
	 </p>',
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			'id' => '1204',
			'article_category_id' => '148',
			'title' => 'Subisu’s SLC Graduate Package',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Subisu Cablenet (P) Ltd has launched ‘2069 SLC Graduate Internet Package’ for SLC appeared students. Under this package, SLC graduates can avail 512 Kbps internet package with 50 hours per month at Rs 750 per month, which also includes cable TV channels, Bitdefender Antivirus Internet Security 2013 and a pen drive”. Internet scholarships are available for other unlimited packages as well. This offer is valid in Kathmandu Valley and for new connections only.<br />
	 </p>',
			'published' => true,
			'created' => '2013-06-28',
			'modified' => '2013-06-29',
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	<strong><img alt="" height="120" src="https://lh6.googleusercontent.com/-_nFVO9_rctQ/UdE5spzGu4I/AAAAAAAAAUM/Y1H_MpZpWn8/h120/how.bmp" width="168" /><br />
	</strong></p>
<p>
	<strong>By Sue Shellenbarger </strong></p>
<p>
	There is a whole lot of complaining going on in many workplaces. All the griping has far-reaching effects on both individual and group performance. Work teams whose communication is marked by distrust, negativity and cynicism tend to turn in lower profits and get poor performance ratings from bosses, co-workers and customers, according to studies at the University of North Carolina, Chapel Hill, and the Universade Catolica de Brasilia.</p>
<p>
	Upbeat teams with members who encourage and express appreciation for each other not only reap more profits and higher customer-satisfaction ratings, but they give each other more chances to be creative and take constructive action, the research shows. That doesn’t mean the top teams are all sweetness and light, but they keep positive-to-negative interactions at a ratio of 3-to-1 or higher, the research shows.</p>
<p>
	To cope with chronic complainers, it helps to understand their motives, says Will Bowen, an author and speaker on the topic. Some are trying to duck responsibility for screwing up, so they blame somebody else. In these cases, he suggests turning the focus back on the complainer, asking what they plan to do differently the next time.</p>
<p>
	Others try to make themselves look good by putting colleagues down, Mr. Bowen says. If a colleague calls another co-worker lazy, he says, compliment them on the opposite attribute (if you can do so truthfully), by saying, “One of the things I’ve always appreciated about you is how hard you work,” says Mr. Bowen, author of “A Complaint-Free World.” <br />
	A particularly damaging complainer is one who wants to gain power, and who “complains as a way of getting people on their side,” Mr. Bowen says. Attracting colleagues to a gripe fest can expand the power-seeker’s influence, not only over peers but over bosses who are the targets. In such cases, Mr. Bowen suggests urging the complainer to take their beef directly to the person they’re attacking, saying, “It sounds like you two have something to talk about.”</p>
<p>
	Some bosses simply refuse to tolerate complainers. Trevor Blake, an entrepreneur and author of “Three Simple Steps,” a book about the mental skills needed to succeed, says if any employee in any of the four companies he founded refused to help find solutions for their gripes, “they no longer had a place in my company.” He recommends avoiding co-workers’ gripe fests and, if possible, distancing yourself from complainers by taking a break away from the office, or by consciously focusing on positive images or places. <br />
	<strong>- (The Wall Street Journal)</strong><br />
	 </p>',
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			'title' => 'Ceiling On School Ad Expense Flayed',
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			'summary' => null,
			'content' => '<p>
	Stakeholders have demanded that the government scrap rules that limit the amount of money a school can spend on advertising. Speaking at an interaction titled ‘Advertisement in Education Sector: Importance and Impact’, school owners, advertising agency operators and experts said that the rule was not acceptable. </p>
<p>
	The government has fixed a ceiling of Rs 500,000 on publicity for schools in Kathmandu and even lower for those outside Kathmandu. Bhojraj Aryal, chairman of Infinity Media presented a paper in the programme and he said that such provisions were against the norms of a liberal society and economy. He said, “It will create problems for media, advertising agencies and advertisements creators.” </p>
<p>
	Dr Pradip Bhattarai, a media professional, said such a ban benefits established schools and penalises new ones. Ramesh Kr Silwal, Chief Executive of the Golden Gate College and Vice-Chairman of Higher Secondary School Association of Nepal (HISSAN), said, “The government should allow colleges to spend a certain portion of their income on advertisement.”<br />
	<br />
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			'article_category_id' => '151',
			'title' => 'Different Styles And Aproaches Of Learning',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img alt="" height="144" src="https://lh6.googleusercontent.com/-YMOYrkbDIPA/UdE5Ec_sZYE/AAAAAAAAAUE/kF-NxmCw75U/s144-c/July1201305.jpg" width="144" /></p>
<p>
	I trained as an art teacher in the UK and taught there briefly before moving to New York.</p>
<p>
	I quickly discovered that the arts are considered luxury extras in many US schools. The goal of most urban charter schools is to provide a long day of instruction in math, English, science and social studies, so they can get their students through exams essential to college acceptance: the American educational gold standard. <br />
	It’s taken me five years to find a school which truly values the arts and which infuses them into the rest of the curriculum to encourage the kind of deep noticing and practical problem solving children need to become flexible and creative thinkers. My school’s partner, The Lincoln Center Institute, sent us a wonderful dance teacher who introduced our math students to Flamenco, teaching them to use their own bodies to map the formal patterns of the dance and connect the patterns to the idea of constants and variables in algebra.</p>
<p>
	So this is my lesson from teaching abroad – the importance of the arts in schools, but I would want to apply it to the rest of America, which badly needs it. Also, British art teachers please note: never asks a class of American adolescents to take out their rubbers - that won’t go so well.</p>
<p>
	<strong>- (Based on talk with Amanda Barragry, art teacher, New York, USA, by Emma Dury: The Guardian)</strong><br />
	<br />
	 </p>',
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		'Article' => array(
			'id' => '1215',
			'article_category_id' => '151',
			'title' => 'SLC Results Decline Due To Politics: Experts',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	The Office of the Controller of Examinations (OCE) on Tuesday published the results of the School Leaving Certificate (SLC) exams held from March 14-22 this year. According to the OCE, of the 547,165 students who appeared in this year's SLC exam, only 42.75 percent passed. This is the fifth year in row that this rate has came down. <br />
	The Corporate talked to education experts and officials concerned about the reason behind the decline in the pass percentage.</p>
<p>
	<img alt="" height="144" src="https://lh5.googleusercontent.com/-9Tcptw13v-4/UdE3YKNYfFE/AAAAAAAAATI/GZ0oXm5qlOs/s144-c/July1201302.jpg" width="144" /></p>
<p>
	<strong>Som Lal Subedi <br />
	Secretary, the Ministry of Education (MoE)&nbsp;</strong></p>
<p>
	A host of factors have contributed to the decline in pass percentage. First of all, we introduced some changes to the exam system this year. We directed teachers grading the papers to be stricter. Secondly, the political situation of the country has also had an effect. However, we are planning to form a committee to find out the main reasons. We are also trying to increase budget for education. Educational institutions have been heavily politicised. Political parties are also responsible for the situation.</p>
<p>
	<img alt="" height="144" src="https://lh4.googleusercontent.com/-CSMUMZArMm4/UdE3g3B09PE/AAAAAAAAATU/8rD0k-4aPow/s144-c/July1201303.jpg" width="144" /></p>
<p>
	<strong>Prof Dr Bidya Nath Koirala <br />
	Education expert </strong></p>
<p>
	Well, I believe that the parents and the students are responsible for the results. Students these days do not have a habit of studying regularly. Similarly, parents create panic among their children rather than encouraging them to study. The priority should have been on harnessing individual talent. Political situation of the country has also definitely had an effect.</p>
<p>
	<img alt="" height="144" src="https://lh4.googleusercontent.com/-woHs83kmAAk/UdE3kAL70lE/AAAAAAAAATg/WsViEK_xzvc/s144-c/July1201304.jpg" width="144" /></p>
<p>
	<strong>Lawa Dev Awasthi <br />
	Director General <br />
	Department of Education </strong></p>
<p>
	All stakeholders -- teachers, students, guardians, schools and the government are responsible for such a poor result. I think that there are faults in the classroom itself. It is necessary to improve the entire system from the very basic level. Reforms are necessary. Unaccountability on the part of teachers should be taken seriously. DoE will adopt measures to improve the results next year.<br />
	<br />
	 </p>',
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			'title' => 'Ensuring A Healthy Mobile Market',
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			'content' => '<p>
	It is a fact that mobile markets in Nepal are taking a tremendous height. The presented fact that around 17.5 million handsets have been sold in Nepali market and more than 50 percent of the population owns at least a mobile set, is really noteworthy. Meanwhile, the growing mobile market can also contribute positively in national economy. Thus, the market needs to be healthy and effective enough. </p>
<p>
	<strong>- Samiksha Acharya<br />
	<br />
	<br />
	</strong></p>',
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	(int) 5 => array(
		'Article' => array(
			'id' => '1213',
			'article_category_id' => '105',
			'title' => 'Shopping Of A Bank CEO',
			'sub_title' => '',
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	CEO of a bank came back from his latest trip to Europe and joined the office. One of his clients, a businessman, who is also his long time friend comes to meet him in the office and enquires. “What have you bought this time from your vacation and shopping”? </p>
<p>
	“I have got best bargain ever. I’ve just bought few Rolex, latest iPhone and four nylon, steel-belted radial tyres of BMW – and heavy duty ones at that, at a 35% discount.” <br />
	“Are you off your rocker” Are you mad – you bought tyres of BMW, whereas you have a Volkswagon.” </p>
<p>
	“Well, what about you? Don’t you buy bras?” </p>
<p>
	<strong>- ML<br />
	<br />
	<br />
	</strong></p>',
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			'title' => 'Clarion Call For School Reforms',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Office of the controller of Examination recently published School Leaving Certificate (SLC) results with the pass percentage of 41.57 which is the lowest for the last eight years. This has further accentuated the question mark on our school education system. </p>
<p>
	According to the Ministry of Finance, the budget on education sector reached to Rs 63.91 billion in the current fiscal year from only Rs 27 million in the fiscal year 2006-07. Most of this money went to the public schools and they are the ones that fared badly also this year. </p>
<p>
	It is general knowledge that teachers at public schools are more active in politics and they are normally absent in the classrooms. </p>
<p>
	The solution may be running public schools in Principal-Agent Model in which the payoff to the principal depends on an action taken by the agent. The principal cannot contract for the action, but can compensate the agent based on some observable signal that is correlated with the action. Here the principals are parents of the students and the agents are the teachers. If these principals have rights to decide the pay offs (salary and perks) to the agents according to the observable signals (results and change in behaviours of students), the SLC results can be expected to improve significantly. </p>
<p>
	The fact that those public schools that are managed by the community have far better results consistently year after year lends further weight to this argument. The conclusion: Let’s hand over all public schools to the communities. Another problem related to SLC results is the frustration it causes to those who fail. This has resulted into cases of suicides as well. One solution to this is to speed up the implementation of the already adopted plan to make grade 12 exams as the school graduation level. </p>
<p>
	Next is to introduce a system of issuing certificates to the students on the basis of the number of subjects they have passed. If a student is good in fine arts but is weak in mathematics, he can be thus allowed to go to his profession without the stigma of ‘SLC failed’.<br />
	<br />
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&quot;Myriad Pro&quot;;color:#221E1F">On the occasion of the 55th Anniversary of NIDC Development Bank Ltd, Finance Minister Shankar Prasad Koirala stated the management is willing to change the bank into an infrastructure development bank. He has requested to bring out with the proper proposal for the change of the bank’s structure. </span></p>
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	<span style="font-size:9.0pt;line-height:115%;mso-bidi-font-family:
&quot;Myriad Pro&quot;;color:#221E1F">Similarly, the chairman of the board of bank Khumraj Punjali argued that NIDC is capable to change into an infrastructure development bank. He added that the bank is doing the necessary homework for this purpose. Meanwhile, general manager of the bank, Shivaji Rai Yadav said that the bank has always made an effort for industrialization of the country. And at the current scenario, the bank is devoted on making the economy stronger.</span></p>',
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	<strong><img alt="" height="178" src="https://lh4.googleusercontent.com/FKYmXpq2e4I_H926dsWLXD9QmLRg0pXsAldCeSCISR8=w174-h207-p-no" width="150" /><br />
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	<strong>By Madhukar SJB Rana</strong></p>
<p>
	<strong>Promote Local Bond Markets through People-Public-Private Partnerships (4Ps) </strong></p>
<p>
	A national bond market is eminently needed to generate greater savings and investment for economic growth and employment, especially at the district/ municipal level through local initiatives. PPPP-projects that are commercially viable should be allowed to raise their capital by floating municipal bonds against firm pledges of fixed annual interest payments by the concerned people-public-private partnerships. This will provide ample opportunities for local banks and financial institutions to invest local savings locally— rather than sending them to Kathmandu (or elsewhere across the border).</p>
<p>
	To safeguard the interest of local banks and local financial institutions they should be represented on the Board of Directors, if they so desire, either as independent members in the said Board or as a separate body in the form of Executive Advisors representing the creditors duly empowered with veto rights over Board’s decisions-- but subject to Compulsory Arbitration in the event of disputes.</p>
<p>
	Naturally, when the national bond market is so under-developed it may be considered foolhardy to even think of local bond markets. Nevertheless, given the on-going global financial crisis, Nepal, along with all development nations, must begin to think out of the aid box, so to speak. Bond markets are a way out; just as negotiating ‘debt write offs’ with donors.</p>
<p>
	It is estimated that in South Asia only 20% of GDP is accounted for by South Asia’s bond market, as compared to 45% by equity markets and 35% by bank assets. Contrast this with South Korea whose bond market is 114% of GDP!</p>
<p>
	And why not this measure if one desires to arrest the informal capital outflows that never comeback and to tide over the idle dollars balance lying with the Nepal Rastra Bank to more productive uses? Long term financing is the need of the hour for investments in the acutely needed economic and social infrastructure in Nepal (e.g roads, railways, metros, hydro and solar energy, power lines, warehouses and cold storages, technological universities, resorts hotels, modern hospitals catering to health tourism, SEZs, EPVs, EPzs to promote exports and import substitution in manufacturing etc).</p>
<p>
	<strong>Promote Local Stock Markets through Private Venture Capital Companies </strong><br />
	State owned banks and financial institutions should be privatized as “it’s not the business of Nepal Government to do business”. Fears will naturally mount with employees of such institutions as to their future. The experience and skills in finance of those whose service will become redundant should be harnessed innovatively. A possible innovation is to create locally-based Venture Capital Companies (VCCs) to buy and sell equities of local businesses locally. In this way, proprietorships and partnerships can be upgraded into private or public limited companies gradually –and the informal sector encouraged to turn formal with new possibilities for debt and equity finance. These VCCs could also serve as business consulting enterprises to harness Nepal’s local entrepreneurial spirit from amidst all classes and castes.</p>
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	These VCCs can be created as private or public limited companies jointly owned by shareholders (say national and local governments, banks and financial institutions, individual promoters and also its employees), who should raise their capital from their own investments in sufficient manner to be able to meet the cost of operations; as well as raise debt finance to the extent of 40% of equity holdings. This debt finance can be drawn from a National Venture Capital Fund (NVCF) initially created by the Ministry of Finance where interested companies should be required to submit competitive bids for the loan of the funds from NVCF.</p>
<p>
	It is expected that this innovation will help boost rural small industries and businesses as well as promote a culture of equity transactions that will contribute to stopping land fragmentation due to inheritance portioning. Through this financial innovation family members will see the benefit of equitization of their land holdings as commercial businesses (rather than engaging in partition of land into uneconomical parcels as now prevails to the detriment of the local economy).</p>
<p>
	<strong>Deepen Debt Market and Enhance Monetary Independence </strong></p>
<p>
	Three innovations are suggested: <br />
	(A) (1) Encourage lease finance (note: the fear of revenue loss must be weighed against the social costs of youth unemployment and alienation; further, the fact is that small businesses are not paying income taxes as yet) to benefit, in particular, the youth employment in the film, media and sports businesses; (2) small businesses engaged in logistic management—the structural weakness of a mountain economy ( in such areas as cold storage, warehouses, construction, auto-repair workshop that suffer from low productivity due to lack of capital investment and modern technology; (3) information technology (IT) businesses; (4) foreign employment loans and education loans for youth especially; (5) acceptance of second mortgage financing provision by banks and finance companies; and (6) allowing access to Indian stock and bond markets for investments as well as mobilizing Indian portfolio investments and FDI--- on a balanced basis , if need be, by each bank or FI to safeguard from net capital outflows.</p>
<p>
	(B) Negotiate with India to go into a managed flexible exchange rate system for the provision by them to Nepal of the required Indian Rupees credit to bring equilibrium in the balance of payments; hedge against currency speculation and deal with the likely inflationary impact on basic commodities on account of depreciation of Nrs through compensatory fiscal and monetary policies to subsidize imports and import substation agriculture production and industries. This will have the salutary impact by curtailing imports, promoting exports and further import substitution in the agriculture and manufacturing sector. Tourism will boom. Without an industrialization process, found mainly on forest and agro-industries, Nepal will not be able to be a modern developed economy: which it should strive to be by 2030 with 20% share of GDP.</p>
<p>
	(C) Government to refrain from creating an Asset Management Company in the public sector. It is bound to be self defeating and worse than the disease with the rampant graft and corruption that is guaranteed in such a state monopoly. As an alternative, encourage banks, with suitable incentives, to open their own private asset management companies for their asset securitization.</p>
<p>
	<strong>- (Former Finance Minister Rana is currently a professor at SAIM)</strong><br />
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	<span style="font-size:9.0pt;line-height:115%">Swiss International was established as the first showroom of watches in Kathmandu almost half-a-century ago, in 1965. The company is currently located in Durbarmarg and deals in major international watch brands such as Corum, Omega, Titoni, Enicar, Longines, Roamer, Olma and Police. Given its long history, the company associates itself with qualities such as trust, loyalty and goodwill. It also banks on the consumers’ knowledge of global brands, ability to determine quality of product. </span></p>
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	<span style="font-size:9.0pt;line-height:115%">Omega SA is a Swiss luxury watchmaker based in Biel/Bienne, Switzerland and has been the official timekeeping device of the Olympic Games since 1932. Titoni Ltd, too, is a Swiss watch company that was founded in 1919 by Fritz Schluep in the city of Grenchen. Since its foundation, the watches are sold mainly in the Asian and Middle East market. Saint- Imier based Longines is another luxury watches house from Switzerland. Founded by Auguste Agassiz in 1832, the company is owned by the Swatch Group. Its winged hourglass logo is the oldest registered for a watchmaker. Longines is known for its ‘Aviators’ </span></p>
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	<span style="font-size:9.0pt;line-height:115%">Swiss International thrives on its readiness to give knowledge to the customers. It has a decent set of loyal customers that appreciates the value of this old store with its experienced staff ready to impart required information to anybody who visits the store.</span></p>',
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	<span style="font-size:9.0pt;line-height:115%"><img alt="" height="120" src="https://lh4.googleusercontent.com/-0PMAZDS3uc4/Uc_ydZl_D6I/AAAAAAAAAbs/SVTflD5vL5g/h120/Watches.bmp" width="212" /><br />
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	<strong><span style="font-size:9.0pt;line-height:115%">By Pinaki Roy</span></strong></p>
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	<em><span style="font-size:9.0pt;line-height:115%"><br />
	</span></em></p>
<p class="MsoNormal">
	<em><span style="font-size:9.0pt;line-height:115%">The business of watches that was doing well till about a few years ago, has started to decline over the past few years. Industry insiders claim that the market of wrist watches that was registering a drop in business by 5-10 per cent yearly has its sales figures down by nearly 40 per cent since last Dashain.</span></em></p>
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	<em><span style="font-size:9.0pt;line-height:115%"> </span></em></p>
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	<span style="font-size:9.0pt;line-height:115%">T here is a diverse array of watches available in the Nepali market now-a-days, from low cost watches to high end Swiss-made watches. There are hundreds of watch brands having their presence in the market with a prominent few doing decent business. However, traders rue that the market is going through an absolute low with most companies involved in the distribution and retailing of wrist watches barely managing to survive in the market. </span></p>
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	<span style="font-size:9.0pt;line-height:115%"> </span></p>
<p class="MsoNormal">
	<strong><span style="font-size:9.0pt;line-height:115%">Difficult Times </span></strong></p>
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	<span style="font-size:9.0pt;line-height:115%"> </span></p>
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	<span style="font-size:9.0pt;line-height:115%">Traders say the industry has not registered expected growth over a period of last few years with sales of watches facing a steady decline of 5-10 per cent on an annual basis. “The situation has become particularly grim since last Dashain and the sales of watches are down by almost 40 per cent,” says Pankaj Jhunjhunwala, the young CEO of Swiss International, the first watch showroom in Kathmandu that opened way back in 1965. He adds that the government initiative to promote business environment in the country is sorely missing. </span></p>
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	<span style="font-size:9.0pt;line-height:115%"> </span></p>
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	<span style="font-size:9.0pt;line-height:115%"><img alt="" height="120" src="https://lh3.googleusercontent.com/-wzZ_CYfE7so/Uc_5AXW-uvI/AAAAAAAAAcA/Zn1Q9vcIXEk/h120/Watch+1.bmp" width="233" /><br />
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	<span style="font-size:9.0pt;line-height:115%">Sunil Kumar Agrawal of Nepal Trade Network echoed the sentiment saying that the market for wrist watches is currently down because of an unfavourable business environment in the country. “Money is not coming into the market resulting in a lack of cash movement in the country.” He adds that political stability can help turn things around and revitalise the market. </span></p>
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	<span style="font-size:9.0pt;line-height:115%"> </span></p>
<p class="MsoNormal">
	<strong><span style="font-size:9.0pt;line-height:115%">Various Brands </span></strong></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%"> </span></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%">Him Electronics, Regency Watch, Sulux Centre, Nepal Trade Network and Swiss International are the leading distributors of wrist watches in Nepal dealing in famous brands such as Timex, Tag Heuer, Tudor, Rado, Raymond Weil, Victorinox, Tissot, Omega, Rado, Cartier, Chopard Breitling, Baume, Mercier, Titan, Fastrack, Sonata, Corum, Titoni, Longines, Enicar, Roamer, Olma and Police among others. <br />
	</span></p>
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	<span style="font-size:9.0pt;line-height:115%"> </span></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%"><img alt="" height="120" src="https://lh6.googleusercontent.com/-IZgOrCD2hs0/Uc_6PBFWXfI/AAAAAAAAAcY/_2zevOa0iuc/h120/Watch+3.bmp" width="89" /><br />
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<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%">While there are brands that are distributed by more than one trader, Jhunjhunwala points out that there is a difference in buying products from an old distributor vis-à-vis a new one. “People know us for almost 50 years now and the goodwill certainly holds us in good stead,” he says. </span></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%"> </span></p>
<p class="MsoNormal">
	<strong><span style="font-size:9.0pt;line-height:115%">Vantage Point </span></strong></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%"> </span></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%">Most of the showrooms for watches were located in New Road and Bishal Bazaar earlier. However, the leading showrooms have shifted base to Durbarmarg. Jhunjhunwala justifies this shift in location, “We moved our showroom to Durbarmarg keeping in mind the market allocation.” He said that Durbarmarg serves as an appropriate location for showrooms of wrist watches because of the segment of people that frequent the area. </span></p>
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	<span style="font-size:9.0pt;line-height:115%"> </span></p>
<p class="MsoNormal">
	<strong><span style="font-size:9.0pt;line-height:115%">Target Market </span></strong></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%"> </span></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%">Jhunjhunwala says that his company targets all Nepali locals as its target clientele. “A lot of people, particularly the members of the business community are well travelled and hence, are exposed to brands worldwide.” He adds that from a marketer’s perspective, selling wrist watches is about managing the brands better. </span></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%"> </span></p>
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	<span style="font-size:9.0pt;line-height:115%">Titan Watches entered the Nepali market in 1997; however, Nepal Trade Network that currently distributes Titan watches in Nepal is in its 9th year of operation. The company has three exclusive showrooms and around 40 retail outlets in the country. Agrawal says that the company targets everyone who is capable of buying a watch. Titan has watches ranging in price from Rs 2,000 to Rs 40,000 while its sub-brand Fastrack has watches in the price range of Rs 1,200 – Rs 9,000 targeted at the youth. Another sub-brand Sonata is targeted at the lower segment and its watches cost between Rs 600 and Rs 3,000. His store also sells Real Gold Watches (Nebula series) from Titan between the price range of Rs 100,000 and Rs 400,000 targeted at the upper segment. </span></p>
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	<span style="font-size:9.0pt;line-height:115%">Young people are buying watches more as fashion statements than necessities, observes a retailer. “Fashion is the driving factor for a lot of people to buy watches,” says Agrawal. “Factors like the model, brand name and the cost of the watch itself come into consideration afterwards.” A section of people buy separate watches to go with party wear as well as casual and formal attires while there are some who go for watches in the contemporary category. </span></p>
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	<span style="font-size:9.0pt;line-height:115%"> </span></p>
<p class="MsoNormal">
	<strong><span style="font-size:9.0pt;line-height:115%">The Gender Shift </span></strong></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%"> </span></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%">Jhunjhunwala opines that the women in Nepal are coming into their own of late and are willing to purchase more. While the ratio of watch models for women vis-à-vis men at his store stood at a dismal 20:80 not too long ago, it has jumped to a significant 35:65 in recent times. “It is a reflection of the changing times with women becoming more brand conscious and having a sound mind to purchase in comparison to men.” </span></p>
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	<span style="font-size:9.0pt;line-height:115%"> <img alt="" height="120" src="https://lh3.googleusercontent.com/-oQ8utq_2EFo/Uc_5eEIPRqI/AAAAAAAAAcI/Pd-IO5tAxHU/h120/Watch+2.bmp" width="128" /></span></p>
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	<span style="font-size:9.0pt;line-height:115%">Agrawal too says that there is a surge in the number of watch models for women. His store at Durbarmarg that sells Titan, Fastrack and Sonata watches has a ratio of 40:60 for women’s watches in comparison to men’s. </span></p>
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	<span style="font-size:9.0pt;line-height:115%"> </span></p>
<p class="MsoNormal">
	<strong><span style="font-size:9.0pt;line-height:115%">Ray of Hope </span></strong></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%"> </span></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%">Industry watchers claim that the purchasing power of the general public has gone down and that has hit hard the sales of high end as well as low cost watches. “People are simply not willing to spend money in the prevailing situation, they are conserving right now.” He added that the people are not open minded to spend and blamed it on the political uncertainly in the country. </span></p>
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	<span style="font-size:9.0pt;line-height:115%"><br />
	</span></p>
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	<span style="font-size:9.0pt;line-height:115%">Distributors and traders of watches agree in unison that a stable political environment in the country will help the economy improve and turnaround their business fortunes as well. Willingness to spend money is the key to rejuvenate the market which can only come with a sense of security among the country’s denizens, they say. “There is hope despite the current lull. We are keeping our fingers crossed and staying positive about the future,” Jhunjhunwala remarks. </span></p>
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	<span style="font-size:9.0pt;line-height:115%"> </span></p>
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	<span style="font-size:9.0pt;line-height:115%">Agrawal reasons that watch is an essential commodity and therefore, the sale of wrist watches will ultimately pick up even though it is going through a quiet period. The industry is hoping that the market will get better around Dashain this year and the overall situation will improve considerable in a couple of years’ time.</span></p>
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			'title' => 'Rumpum Instrumental In Breaking Monopoly Market',
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			'content' => '<p>
	<strong>Mahesh Jaju <br />
	Managing Director <br />
	Asian Thai Foods<br />
	<br />
	<br />
	<br />
	</strong></p>
<p>
	<strong>By Upashana Neupane</strong><br />
	<br />
	Launched 13 years ago in the market, Rumpum brown noodles with its unique taste has become a household name in Nepal. The brand, which was launched in late 90s with a massive media campaign, was initially targeted at the 8-18 year-old. However, over the years, the brand, has slowly become a favourite among households and working class people. According to Managing Director Mahesh Jaju Rumpum is now the leading brown noodle in Eastern Development Region. <br />
	<br />
	Available in two flavours -- chicken and vegetarian, Rumpum is a Nepali noodle which tastes like Singapore soup. The noodle is rich in nutrients such as Vitamin A, Vitamin D3, Calcium and Proteins, the company says.&nbsp; Asian Thai Foods P. Ltd., a Sharda &amp; Jaju Group joint venture, entered into the brown noodle segment at a time when there was monopoly in the market of brown noodles. But Rumpum, with its ability to adapt to the changing market, soon proved that it was here to stay. <br />
	<br />
	“We are very conscious about the brands. We have a very strong research dept and an international quality lab to check our products regularly to uphold our standards,” shares Mr. Jaju. Meanwhile, as more brands entered into the market, competition intensified. To attract consumers, Rumpum has been running various consumer schemes to attract new consumers including the initial highly successful offer of putting a toffee along with each Rumpum. <br />
	<br />
	The company, which was started with 250 employees, now has 600. Rumpum is currently the largest exported brand to be made and exported from Nepal to India. Besides they also export regularly to USA, Bhutan, Bangladesh, Malaysia and countries in the Gulf, according to Asian Thai Foods. Managing Director Mahesh Jaju says, ‘’Brands stand the test of time only if they do not compromise on quality. One has to be able to be position a product differently from the rest to push the brand towards success’’, he concludes.&nbsp; As part of the CSR, besides supporting various sport activities, cultural programs etc, the company has time and again provided noodle during natural calamities.<br />
	<br />
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			'article_category_id' => '150',
			'title' => 'Business Briefs (24 - 30 June 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<br />
	<strong>HCL’s Tablets in Market <br />
	</strong><br />
	Neoteric Nepal Pvt Ltd, authorized distributors of HCL has launched four new Android tablets in the market. The launched tablets are HCL ME U2, HCL ME V1, HCL ME Y3 Dual SIM and HCL ME G1. According to the company, the performance of HCL tablet is smooth and responsive, and they are housed in a slim metal structure and weighs light making the tablets very easy to carry and hold. <br />
	<br />
	<br />
	<img alt="" border="1" height="238" hspace="10" src="http://www.newbusinessage.com/images/thecorporate/smartphones.jpg" vspace="10" width="339" /><br />
	<br />
	<strong>New Range of DTC Smartphones <br />
	</strong><br />
	Call Mobility has launched new range of DTC smartphones with enhanced features. The new models are GT10 ASTROID BULLET and GT7 ASTROID MAX. GT10 comes with a large 6 inch capacitive touch screen. The handset is powered by a 2 GHZ dual core processor and runs on Android Jelly Bean 4.1.1.Other features include 5MP rear and 1.3MP front camera, 3000mAh battery, proximity/light/gravity sensor, GPRS and EDGE among others. Similarly, GT7 is powered by a 1GHZ processor. The phone with 4.3” WVGA capacitive touch screen comes with Android 2.3.5. <br />
	<br />
	<br />
	<img alt="" border="1" height="161" hspace="10" src="http://www.newbusinessage.com/images/thecorporate/explorenepal.jpg" vspace="10" width="282" /><br />
	<br />
	<strong>Demak DTM’s ‘Explore Nepal’ <br />
	</strong><br />
	Agni Incorporated Pvt Ltd, the sole distributor of Demak motorcycles for Nepa has announced ‘Explore Nepal’ offer. On every purchase of Demak DTM 150 motorcycle, customers are entitled to a ‘Convenience Kit’ worth Rs 50,000 that includes canyoning, rafting, bungee/ swing and overnight stay at The Last Resort, Tatopani and adventure tools from Sherpa Adventure Gear. This offer is valid for limited period. <br />
	<br />
	<br />
	<img alt="" border="1" height="205" hspace="10" src="http://www.newbusinessage.com/images/thecorporate/himstar.jpg" vspace="10" width="356" /><br />
	<br />
	<strong>Himstar’s new Vacuum Cleaners <br />
	</strong><br />
	Him Electronics has introduced new Himstar vacuum cleaners in the market. The company has introduced four new models, two of which are bag-less cyclone models and the other two are canister type. According to the company, these vacuum cleaners operate with less noise and consume less electricity, and can filter particles as small as 0.3 micron. The vacuum cleaners come with one year warranty. <br />
	<br />
	<br />
	<img alt="" border="1" height="198" hspace="10" src="http://www.newbusinessage.com/images/thecorporate/sbfurniture.jpg" vspace="10" width="210" /><br />
	<br />
	<strong>SB Furniture’s ‘Made for Each Other’ Offer</strong><br />
	<br />
	SB Furniture Nepal has launched a promotional offer named ‘Made for Each Other’. The offer is on bedroom sets which will include Rs 20,000 worth of cash discounts on selected range of products. The bedroom set includes a bed, wardrobe and a dressing table. The promotion started from June 15, and the cash vouchers are available in company’s showroom at Lagankhel and Panipokhari.<br />
	<br />
	 </p>',
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			'title' => 'Subisu’s SLC Graduate Package',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Subisu Cablenet (P) Ltd has launched ‘2069 SLC Graduate Internet Package’ for SLC appeared students. Under this package, SLC graduates can avail 512 Kbps internet package with 50 hours per month at Rs 750 per month, which also includes cable TV channels, Bitdefender Antivirus Internet Security 2013 and a pen drive”. Internet scholarships are available for other unlimited packages as well. This offer is valid in Kathmandu Valley and for new connections only.<br />
	 </p>',
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			'created' => '2013-06-28',
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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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		'Article' => array(
			'id' => '1218',
			'article_category_id' => '151',
			'title' => 'How To Cope With Chronic Complainers',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<strong><img alt="" height="120" src="https://lh6.googleusercontent.com/-_nFVO9_rctQ/UdE5spzGu4I/AAAAAAAAAUM/Y1H_MpZpWn8/h120/how.bmp" width="168" /><br />
	</strong></p>
<p>
	<strong>By Sue Shellenbarger </strong></p>
<p>
	There is a whole lot of complaining going on in many workplaces. All the griping has far-reaching effects on both individual and group performance. Work teams whose communication is marked by distrust, negativity and cynicism tend to turn in lower profits and get poor performance ratings from bosses, co-workers and customers, according to studies at the University of North Carolina, Chapel Hill, and the Universade Catolica de Brasilia.</p>
<p>
	Upbeat teams with members who encourage and express appreciation for each other not only reap more profits and higher customer-satisfaction ratings, but they give each other more chances to be creative and take constructive action, the research shows. That doesn’t mean the top teams are all sweetness and light, but they keep positive-to-negative interactions at a ratio of 3-to-1 or higher, the research shows.</p>
<p>
	To cope with chronic complainers, it helps to understand their motives, says Will Bowen, an author and speaker on the topic. Some are trying to duck responsibility for screwing up, so they blame somebody else. In these cases, he suggests turning the focus back on the complainer, asking what they plan to do differently the next time.</p>
<p>
	Others try to make themselves look good by putting colleagues down, Mr. Bowen says. If a colleague calls another co-worker lazy, he says, compliment them on the opposite attribute (if you can do so truthfully), by saying, “One of the things I’ve always appreciated about you is how hard you work,” says Mr. Bowen, author of “A Complaint-Free World.” <br />
	A particularly damaging complainer is one who wants to gain power, and who “complains as a way of getting people on their side,” Mr. Bowen says. Attracting colleagues to a gripe fest can expand the power-seeker’s influence, not only over peers but over bosses who are the targets. In such cases, Mr. Bowen suggests urging the complainer to take their beef directly to the person they’re attacking, saying, “It sounds like you two have something to talk about.”</p>
<p>
	Some bosses simply refuse to tolerate complainers. Trevor Blake, an entrepreneur and author of “Three Simple Steps,” a book about the mental skills needed to succeed, says if any employee in any of the four companies he founded refused to help find solutions for their gripes, “they no longer had a place in my company.” He recommends avoiding co-workers’ gripe fests and, if possible, distancing yourself from complainers by taking a break away from the office, or by consciously focusing on positive images or places. <br />
	<strong>- (The Wall Street Journal)</strong><br />
	 </p>',
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			'title' => 'Ceiling On School Ad Expense Flayed',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Stakeholders have demanded that the government scrap rules that limit the amount of money a school can spend on advertising. Speaking at an interaction titled ‘Advertisement in Education Sector: Importance and Impact’, school owners, advertising agency operators and experts said that the rule was not acceptable. </p>
<p>
	The government has fixed a ceiling of Rs 500,000 on publicity for schools in Kathmandu and even lower for those outside Kathmandu. Bhojraj Aryal, chairman of Infinity Media presented a paper in the programme and he said that such provisions were against the norms of a liberal society and economy. He said, “It will create problems for media, advertising agencies and advertisements creators.” </p>
<p>
	Dr Pradip Bhattarai, a media professional, said such a ban benefits established schools and penalises new ones. Ramesh Kr Silwal, Chief Executive of the Golden Gate College and Vice-Chairman of Higher Secondary School Association of Nepal (HISSAN), said, “The government should allow colleges to spend a certain portion of their income on advertisement.”<br />
	<br />
	 </p>',
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		'Article' => array(
			'id' => '1216',
			'article_category_id' => '151',
			'title' => 'Different Styles And Aproaches Of Learning',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img alt="" height="144" src="https://lh6.googleusercontent.com/-YMOYrkbDIPA/UdE5Ec_sZYE/AAAAAAAAAUE/kF-NxmCw75U/s144-c/July1201305.jpg" width="144" /></p>
<p>
	I trained as an art teacher in the UK and taught there briefly before moving to New York.</p>
<p>
	I quickly discovered that the arts are considered luxury extras in many US schools. The goal of most urban charter schools is to provide a long day of instruction in math, English, science and social studies, so they can get their students through exams essential to college acceptance: the American educational gold standard. <br />
	It’s taken me five years to find a school which truly values the arts and which infuses them into the rest of the curriculum to encourage the kind of deep noticing and practical problem solving children need to become flexible and creative thinkers. My school’s partner, The Lincoln Center Institute, sent us a wonderful dance teacher who introduced our math students to Flamenco, teaching them to use their own bodies to map the formal patterns of the dance and connect the patterns to the idea of constants and variables in algebra.</p>
<p>
	So this is my lesson from teaching abroad – the importance of the arts in schools, but I would want to apply it to the rest of America, which badly needs it. Also, British art teachers please note: never asks a class of American adolescents to take out their rubbers - that won’t go so well.</p>
<p>
	<strong>- (Based on talk with Amanda Barragry, art teacher, New York, USA, by Emma Dury: The Guardian)</strong><br />
	<br />
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		'Article' => array(
			'id' => '1215',
			'article_category_id' => '151',
			'title' => 'SLC Results Decline Due To Politics: Experts',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	The Office of the Controller of Examinations (OCE) on Tuesday published the results of the School Leaving Certificate (SLC) exams held from March 14-22 this year. According to the OCE, of the 547,165 students who appeared in this year's SLC exam, only 42.75 percent passed. This is the fifth year in row that this rate has came down. <br />
	The Corporate talked to education experts and officials concerned about the reason behind the decline in the pass percentage.</p>
<p>
	<img alt="" height="144" src="https://lh5.googleusercontent.com/-9Tcptw13v-4/UdE3YKNYfFE/AAAAAAAAATI/GZ0oXm5qlOs/s144-c/July1201302.jpg" width="144" /></p>
<p>
	<strong>Som Lal Subedi <br />
	Secretary, the Ministry of Education (MoE)&nbsp;</strong></p>
<p>
	A host of factors have contributed to the decline in pass percentage. First of all, we introduced some changes to the exam system this year. We directed teachers grading the papers to be stricter. Secondly, the political situation of the country has also had an effect. However, we are planning to form a committee to find out the main reasons. We are also trying to increase budget for education. Educational institutions have been heavily politicised. Political parties are also responsible for the situation.</p>
<p>
	<img alt="" height="144" src="https://lh4.googleusercontent.com/-CSMUMZArMm4/UdE3g3B09PE/AAAAAAAAATU/8rD0k-4aPow/s144-c/July1201303.jpg" width="144" /></p>
<p>
	<strong>Prof Dr Bidya Nath Koirala <br />
	Education expert </strong></p>
<p>
	Well, I believe that the parents and the students are responsible for the results. Students these days do not have a habit of studying regularly. Similarly, parents create panic among their children rather than encouraging them to study. The priority should have been on harnessing individual talent. Political situation of the country has also definitely had an effect.</p>
<p>
	<img alt="" height="144" src="https://lh4.googleusercontent.com/-woHs83kmAAk/UdE3kAL70lE/AAAAAAAAATg/WsViEK_xzvc/s144-c/July1201304.jpg" width="144" /></p>
<p>
	<strong>Lawa Dev Awasthi <br />
	Director General <br />
	Department of Education </strong></p>
<p>
	All stakeholders -- teachers, students, guardians, schools and the government are responsible for such a poor result. I think that there are faults in the classroom itself. It is necessary to improve the entire system from the very basic level. Reforms are necessary. Unaccountability on the part of teachers should be taken seriously. DoE will adopt measures to improve the results next year.<br />
	<br />
	 </p>',
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			'title' => 'Ensuring A Healthy Mobile Market',
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	It is a fact that mobile markets in Nepal are taking a tremendous height. The presented fact that around 17.5 million handsets have been sold in Nepali market and more than 50 percent of the population owns at least a mobile set, is really noteworthy. Meanwhile, the growing mobile market can also contribute positively in national economy. Thus, the market needs to be healthy and effective enough. </p>
<p>
	<strong>- Samiksha Acharya<br />
	<br />
	<br />
	</strong></p>',
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			'title' => 'Shopping Of A Bank CEO',
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	CEO of a bank came back from his latest trip to Europe and joined the office. One of his clients, a businessman, who is also his long time friend comes to meet him in the office and enquires. “What have you bought this time from your vacation and shopping”? </p>
<p>
	“I have got best bargain ever. I’ve just bought few Rolex, latest iPhone and four nylon, steel-belted radial tyres of BMW – and heavy duty ones at that, at a 35% discount.” <br />
	“Are you off your rocker” Are you mad – you bought tyres of BMW, whereas you have a Volkswagon.” </p>
<p>
	“Well, what about you? Don’t you buy bras?” </p>
<p>
	<strong>- ML<br />
	<br />
	<br />
	</strong></p>',
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	Office of the controller of Examination recently published School Leaving Certificate (SLC) results with the pass percentage of 41.57 which is the lowest for the last eight years. This has further accentuated the question mark on our school education system. </p>
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	According to the Ministry of Finance, the budget on education sector reached to Rs 63.91 billion in the current fiscal year from only Rs 27 million in the fiscal year 2006-07. Most of this money went to the public schools and they are the ones that fared badly also this year. </p>
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	It is general knowledge that teachers at public schools are more active in politics and they are normally absent in the classrooms. </p>
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	The solution may be running public schools in Principal-Agent Model in which the payoff to the principal depends on an action taken by the agent. The principal cannot contract for the action, but can compensate the agent based on some observable signal that is correlated with the action. Here the principals are parents of the students and the agents are the teachers. If these principals have rights to decide the pay offs (salary and perks) to the agents according to the observable signals (results and change in behaviours of students), the SLC results can be expected to improve significantly. </p>
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	The fact that those public schools that are managed by the community have far better results consistently year after year lends further weight to this argument. The conclusion: Let’s hand over all public schools to the communities. Another problem related to SLC results is the frustration it causes to those who fail. This has resulted into cases of suicides as well. One solution to this is to speed up the implementation of the already adopted plan to make grade 12 exams as the school graduation level. </p>
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	Next is to introduce a system of issuing certificates to the students on the basis of the number of subjects they have passed. If a student is good in fine arts but is weak in mathematics, he can be thus allowed to go to his profession without the stigma of ‘SLC failed’.<br />
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			'title' => 'NIDC Proposes ‘Infrastructure Development’ Bank',
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&quot;Myriad Pro&quot;;color:#221E1F">On the occasion of the 55th Anniversary of NIDC Development Bank Ltd, Finance Minister Shankar Prasad Koirala stated the management is willing to change the bank into an infrastructure development bank. He has requested to bring out with the proper proposal for the change of the bank’s structure. </span></p>
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	<span style="font-size:9.0pt;line-height:115%;mso-bidi-font-family:
&quot;Myriad Pro&quot;;color:#221E1F">Similarly, the chairman of the board of bank Khumraj Punjali argued that NIDC is capable to change into an infrastructure development bank. He added that the bank is doing the necessary homework for this purpose. Meanwhile, general manager of the bank, Shivaji Rai Yadav said that the bank has always made an effort for industrialization of the country. And at the current scenario, the bank is devoted on making the economy stronger.</span></p>',
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			'title' => 'Financial Innovations@2013-14',
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	<strong><img alt="" height="178" src="https://lh4.googleusercontent.com/FKYmXpq2e4I_H926dsWLXD9QmLRg0pXsAldCeSCISR8=w174-h207-p-no" width="150" /><br />
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<p>
	<strong>By Madhukar SJB Rana</strong></p>
<p>
	<strong>Promote Local Bond Markets through People-Public-Private Partnerships (4Ps) </strong></p>
<p>
	A national bond market is eminently needed to generate greater savings and investment for economic growth and employment, especially at the district/ municipal level through local initiatives. PPPP-projects that are commercially viable should be allowed to raise their capital by floating municipal bonds against firm pledges of fixed annual interest payments by the concerned people-public-private partnerships. This will provide ample opportunities for local banks and financial institutions to invest local savings locally— rather than sending them to Kathmandu (or elsewhere across the border).</p>
<p>
	To safeguard the interest of local banks and local financial institutions they should be represented on the Board of Directors, if they so desire, either as independent members in the said Board or as a separate body in the form of Executive Advisors representing the creditors duly empowered with veto rights over Board’s decisions-- but subject to Compulsory Arbitration in the event of disputes.</p>
<p>
	Naturally, when the national bond market is so under-developed it may be considered foolhardy to even think of local bond markets. Nevertheless, given the on-going global financial crisis, Nepal, along with all development nations, must begin to think out of the aid box, so to speak. Bond markets are a way out; just as negotiating ‘debt write offs’ with donors.</p>
<p>
	It is estimated that in South Asia only 20% of GDP is accounted for by South Asia’s bond market, as compared to 45% by equity markets and 35% by bank assets. Contrast this with South Korea whose bond market is 114% of GDP!</p>
<p>
	And why not this measure if one desires to arrest the informal capital outflows that never comeback and to tide over the idle dollars balance lying with the Nepal Rastra Bank to more productive uses? Long term financing is the need of the hour for investments in the acutely needed economic and social infrastructure in Nepal (e.g roads, railways, metros, hydro and solar energy, power lines, warehouses and cold storages, technological universities, resorts hotels, modern hospitals catering to health tourism, SEZs, EPVs, EPzs to promote exports and import substitution in manufacturing etc).</p>
<p>
	<strong>Promote Local Stock Markets through Private Venture Capital Companies </strong><br />
	State owned banks and financial institutions should be privatized as “it’s not the business of Nepal Government to do business”. Fears will naturally mount with employees of such institutions as to their future. The experience and skills in finance of those whose service will become redundant should be harnessed innovatively. A possible innovation is to create locally-based Venture Capital Companies (VCCs) to buy and sell equities of local businesses locally. In this way, proprietorships and partnerships can be upgraded into private or public limited companies gradually –and the informal sector encouraged to turn formal with new possibilities for debt and equity finance. These VCCs could also serve as business consulting enterprises to harness Nepal’s local entrepreneurial spirit from amidst all classes and castes.</p>
<p>
	These VCCs can be created as private or public limited companies jointly owned by shareholders (say national and local governments, banks and financial institutions, individual promoters and also its employees), who should raise their capital from their own investments in sufficient manner to be able to meet the cost of operations; as well as raise debt finance to the extent of 40% of equity holdings. This debt finance can be drawn from a National Venture Capital Fund (NVCF) initially created by the Ministry of Finance where interested companies should be required to submit competitive bids for the loan of the funds from NVCF.</p>
<p>
	It is expected that this innovation will help boost rural small industries and businesses as well as promote a culture of equity transactions that will contribute to stopping land fragmentation due to inheritance portioning. Through this financial innovation family members will see the benefit of equitization of their land holdings as commercial businesses (rather than engaging in partition of land into uneconomical parcels as now prevails to the detriment of the local economy).</p>
<p>
	<strong>Deepen Debt Market and Enhance Monetary Independence </strong></p>
<p>
	Three innovations are suggested: <br />
	(A) (1) Encourage lease finance (note: the fear of revenue loss must be weighed against the social costs of youth unemployment and alienation; further, the fact is that small businesses are not paying income taxes as yet) to benefit, in particular, the youth employment in the film, media and sports businesses; (2) small businesses engaged in logistic management—the structural weakness of a mountain economy ( in such areas as cold storage, warehouses, construction, auto-repair workshop that suffer from low productivity due to lack of capital investment and modern technology; (3) information technology (IT) businesses; (4) foreign employment loans and education loans for youth especially; (5) acceptance of second mortgage financing provision by banks and finance companies; and (6) allowing access to Indian stock and bond markets for investments as well as mobilizing Indian portfolio investments and FDI--- on a balanced basis , if need be, by each bank or FI to safeguard from net capital outflows.</p>
<p>
	(B) Negotiate with India to go into a managed flexible exchange rate system for the provision by them to Nepal of the required Indian Rupees credit to bring equilibrium in the balance of payments; hedge against currency speculation and deal with the likely inflationary impact on basic commodities on account of depreciation of Nrs through compensatory fiscal and monetary policies to subsidize imports and import substation agriculture production and industries. This will have the salutary impact by curtailing imports, promoting exports and further import substitution in the agriculture and manufacturing sector. Tourism will boom. Without an industrialization process, found mainly on forest and agro-industries, Nepal will not be able to be a modern developed economy: which it should strive to be by 2030 with 20% share of GDP.</p>
<p>
	(C) Government to refrain from creating an Asset Management Company in the public sector. It is bound to be self defeating and worse than the disease with the rampant graft and corruption that is guaranteed in such a state monopoly. As an alternative, encourage banks, with suitable incentives, to open their own private asset management companies for their asset securitization.</p>
<p>
	<strong>- (Former Finance Minister Rana is currently a professor at SAIM)</strong><br />
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	<span style="font-size:9.0pt;line-height:115%">Swiss International was established as the first showroom of watches in Kathmandu almost half-a-century ago, in 1965. The company is currently located in Durbarmarg and deals in major international watch brands such as Corum, Omega, Titoni, Enicar, Longines, Roamer, Olma and Police. Given its long history, the company associates itself with qualities such as trust, loyalty and goodwill. It also banks on the consumers’ knowledge of global brands, ability to determine quality of product. </span></p>
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	<span style="font-size:9.0pt;line-height:115%">Omega SA is a Swiss luxury watchmaker based in Biel/Bienne, Switzerland and has been the official timekeeping device of the Olympic Games since 1932. Titoni Ltd, too, is a Swiss watch company that was founded in 1919 by Fritz Schluep in the city of Grenchen. Since its foundation, the watches are sold mainly in the Asian and Middle East market. Saint- Imier based Longines is another luxury watches house from Switzerland. Founded by Auguste Agassiz in 1832, the company is owned by the Swatch Group. Its winged hourglass logo is the oldest registered for a watchmaker. Longines is known for its ‘Aviators’ </span></p>
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	<span style="font-size:9.0pt;line-height:115%">&nbsp;</span></p>
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	<strong><span style="font-size:9.0pt;line-height:115%">watches. </span></strong></p>
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	<span style="font-size:9.0pt;line-height:115%">&nbsp;</span></p>
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	<span style="font-size:9.0pt;line-height:115%">Swiss International thrives on its readiness to give knowledge to the customers. It has a decent set of loyal customers that appreciates the value of this old store with its experienced staff ready to impart required information to anybody who visits the store.</span></p>',
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	<span style="font-size:9.0pt;line-height:115%"><img alt="" height="120" src="https://lh4.googleusercontent.com/-0PMAZDS3uc4/Uc_ydZl_D6I/AAAAAAAAAbs/SVTflD5vL5g/h120/Watches.bmp" width="212" /><br />
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	<strong><span style="font-size:9.0pt;line-height:115%">By Pinaki Roy</span></strong></p>
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	<em><span style="font-size:9.0pt;line-height:115%">The business of watches that was doing well till about a few years ago, has started to decline over the past few years. Industry insiders claim that the market of wrist watches that was registering a drop in business by 5-10 per cent yearly has its sales figures down by nearly 40 per cent since last Dashain.</span></em></p>
<p class="MsoNormal">
	<em><span style="font-size:9.0pt;line-height:115%"> </span></em></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%">T here is a diverse array of watches available in the Nepali market now-a-days, from low cost watches to high end Swiss-made watches. There are hundreds of watch brands having their presence in the market with a prominent few doing decent business. However, traders rue that the market is going through an absolute low with most companies involved in the distribution and retailing of wrist watches barely managing to survive in the market. </span></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%"> </span></p>
<p class="MsoNormal">
	<strong><span style="font-size:9.0pt;line-height:115%">Difficult Times </span></strong></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%"> </span></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%">Traders say the industry has not registered expected growth over a period of last few years with sales of watches facing a steady decline of 5-10 per cent on an annual basis. “The situation has become particularly grim since last Dashain and the sales of watches are down by almost 40 per cent,” says Pankaj Jhunjhunwala, the young CEO of Swiss International, the first watch showroom in Kathmandu that opened way back in 1965. He adds that the government initiative to promote business environment in the country is sorely missing. </span></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%"> </span></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%"><img alt="" height="120" src="https://lh3.googleusercontent.com/-wzZ_CYfE7so/Uc_5AXW-uvI/AAAAAAAAAcA/Zn1Q9vcIXEk/h120/Watch+1.bmp" width="233" /><br />
	</span></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%">Sunil Kumar Agrawal of Nepal Trade Network echoed the sentiment saying that the market for wrist watches is currently down because of an unfavourable business environment in the country. “Money is not coming into the market resulting in a lack of cash movement in the country.” He adds that political stability can help turn things around and revitalise the market. </span></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%"> </span></p>
<p class="MsoNormal">
	<strong><span style="font-size:9.0pt;line-height:115%">Various Brands </span></strong></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%"> </span></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%">Him Electronics, Regency Watch, Sulux Centre, Nepal Trade Network and Swiss International are the leading distributors of wrist watches in Nepal dealing in famous brands such as Timex, Tag Heuer, Tudor, Rado, Raymond Weil, Victorinox, Tissot, Omega, Rado, Cartier, Chopard Breitling, Baume, Mercier, Titan, Fastrack, Sonata, Corum, Titoni, Longines, Enicar, Roamer, Olma and Police among others. <br />
	</span></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%"> </span></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%"><img alt="" height="120" src="https://lh6.googleusercontent.com/-IZgOrCD2hs0/Uc_6PBFWXfI/AAAAAAAAAcY/_2zevOa0iuc/h120/Watch+3.bmp" width="89" /><br />
	</span></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%">While there are brands that are distributed by more than one trader, Jhunjhunwala points out that there is a difference in buying products from an old distributor vis-à-vis a new one. “People know us for almost 50 years now and the goodwill certainly holds us in good stead,” he says. </span></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%"> </span></p>
<p class="MsoNormal">
	<strong><span style="font-size:9.0pt;line-height:115%">Vantage Point </span></strong></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%"> </span></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%">Most of the showrooms for watches were located in New Road and Bishal Bazaar earlier. However, the leading showrooms have shifted base to Durbarmarg. Jhunjhunwala justifies this shift in location, “We moved our showroom to Durbarmarg keeping in mind the market allocation.” He said that Durbarmarg serves as an appropriate location for showrooms of wrist watches because of the segment of people that frequent the area. </span></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%"> </span></p>
<p class="MsoNormal">
	<strong><span style="font-size:9.0pt;line-height:115%">Target Market </span></strong></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%"> </span></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%">Jhunjhunwala says that his company targets all Nepali locals as its target clientele. “A lot of people, particularly the members of the business community are well travelled and hence, are exposed to brands worldwide.” He adds that from a marketer’s perspective, selling wrist watches is about managing the brands better. </span></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%"> </span></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%">Titan Watches entered the Nepali market in 1997; however, Nepal Trade Network that currently distributes Titan watches in Nepal is in its 9th year of operation. The company has three exclusive showrooms and around 40 retail outlets in the country. Agrawal says that the company targets everyone who is capable of buying a watch. Titan has watches ranging in price from Rs 2,000 to Rs 40,000 while its sub-brand Fastrack has watches in the price range of Rs 1,200 – Rs 9,000 targeted at the youth. Another sub-brand Sonata is targeted at the lower segment and its watches cost between Rs 600 and Rs 3,000. His store also sells Real Gold Watches (Nebula series) from Titan between the price range of Rs 100,000 and Rs 400,000 targeted at the upper segment. </span></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%">Young people are buying watches more as fashion statements than necessities, observes a retailer. “Fashion is the driving factor for a lot of people to buy watches,” says Agrawal. “Factors like the model, brand name and the cost of the watch itself come into consideration afterwards.” A section of people buy separate watches to go with party wear as well as casual and formal attires while there are some who go for watches in the contemporary category. </span></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%"> </span></p>
<p class="MsoNormal">
	<strong><span style="font-size:9.0pt;line-height:115%">The Gender Shift </span></strong></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%"> </span></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%">Jhunjhunwala opines that the women in Nepal are coming into their own of late and are willing to purchase more. While the ratio of watch models for women vis-à-vis men at his store stood at a dismal 20:80 not too long ago, it has jumped to a significant 35:65 in recent times. “It is a reflection of the changing times with women becoming more brand conscious and having a sound mind to purchase in comparison to men.” </span></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%"> <img alt="" height="120" src="https://lh3.googleusercontent.com/-oQ8utq_2EFo/Uc_5eEIPRqI/AAAAAAAAAcI/Pd-IO5tAxHU/h120/Watch+2.bmp" width="128" /></span></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%">Agrawal too says that there is a surge in the number of watch models for women. His store at Durbarmarg that sells Titan, Fastrack and Sonata watches has a ratio of 40:60 for women’s watches in comparison to men’s. </span></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%"> </span></p>
<p class="MsoNormal">
	<strong><span style="font-size:9.0pt;line-height:115%">Ray of Hope </span></strong></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%"> </span></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%">Industry watchers claim that the purchasing power of the general public has gone down and that has hit hard the sales of high end as well as low cost watches. “People are simply not willing to spend money in the prevailing situation, they are conserving right now.” He added that the people are not open minded to spend and blamed it on the political uncertainly in the country. </span></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%"><br />
	</span></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%">Distributors and traders of watches agree in unison that a stable political environment in the country will help the economy improve and turnaround their business fortunes as well. Willingness to spend money is the key to rejuvenate the market which can only come with a sense of security among the country’s denizens, they say. “There is hope despite the current lull. We are keeping our fingers crossed and staying positive about the future,” Jhunjhunwala remarks. </span></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%"> </span></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%">Agrawal reasons that watch is an essential commodity and therefore, the sale of wrist watches will ultimately pick up even though it is going through a quiet period. The industry is hoping that the market will get better around Dashain this year and the overall situation will improve considerable in a couple of years’ time.</span></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%"> </span></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;line-height:115%"> </span></p>',
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			'created' => '2013-06-30',
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			'title' => 'Rumpum Instrumental In Breaking Monopoly Market',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<strong>Mahesh Jaju <br />
	Managing Director <br />
	Asian Thai Foods<br />
	<br />
	<br />
	<br />
	</strong></p>
<p>
	<strong>By Upashana Neupane</strong><br />
	<br />
	Launched 13 years ago in the market, Rumpum brown noodles with its unique taste has become a household name in Nepal. The brand, which was launched in late 90s with a massive media campaign, was initially targeted at the 8-18 year-old. However, over the years, the brand, has slowly become a favourite among households and working class people. According to Managing Director Mahesh Jaju Rumpum is now the leading brown noodle in Eastern Development Region. <br />
	<br />
	Available in two flavours -- chicken and vegetarian, Rumpum is a Nepali noodle which tastes like Singapore soup. The noodle is rich in nutrients such as Vitamin A, Vitamin D3, Calcium and Proteins, the company says.&nbsp; Asian Thai Foods P. Ltd., a Sharda &amp; Jaju Group joint venture, entered into the brown noodle segment at a time when there was monopoly in the market of brown noodles. But Rumpum, with its ability to adapt to the changing market, soon proved that it was here to stay. <br />
	<br />
	“We are very conscious about the brands. We have a very strong research dept and an international quality lab to check our products regularly to uphold our standards,” shares Mr. Jaju. Meanwhile, as more brands entered into the market, competition intensified. To attract consumers, Rumpum has been running various consumer schemes to attract new consumers including the initial highly successful offer of putting a toffee along with each Rumpum. <br />
	<br />
	The company, which was started with 250 employees, now has 600. Rumpum is currently the largest exported brand to be made and exported from Nepal to India. Besides they also export regularly to USA, Bhutan, Bangladesh, Malaysia and countries in the Gulf, according to Asian Thai Foods. Managing Director Mahesh Jaju says, ‘’Brands stand the test of time only if they do not compromise on quality. One has to be able to be position a product differently from the rest to push the brand towards success’’, he concludes.&nbsp; As part of the CSR, besides supporting various sport activities, cultural programs etc, the company has time and again provided noodle during natural calamities.<br />
	<br />
	 </p>',
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		'Article' => array(
			'id' => '1205',
			'article_category_id' => '150',
			'title' => 'Business Briefs (24 - 30 June 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<br />
	<strong>HCL’s Tablets in Market <br />
	</strong><br />
	Neoteric Nepal Pvt Ltd, authorized distributors of HCL has launched four new Android tablets in the market. The launched tablets are HCL ME U2, HCL ME V1, HCL ME Y3 Dual SIM and HCL ME G1. According to the company, the performance of HCL tablet is smooth and responsive, and they are housed in a slim metal structure and weighs light making the tablets very easy to carry and hold. <br />
	<br />
	<br />
	<img alt="" border="1" height="238" hspace="10" src="http://www.newbusinessage.com/images/thecorporate/smartphones.jpg" vspace="10" width="339" /><br />
	<br />
	<strong>New Range of DTC Smartphones <br />
	</strong><br />
	Call Mobility has launched new range of DTC smartphones with enhanced features. The new models are GT10 ASTROID BULLET and GT7 ASTROID MAX. GT10 comes with a large 6 inch capacitive touch screen. The handset is powered by a 2 GHZ dual core processor and runs on Android Jelly Bean 4.1.1.Other features include 5MP rear and 1.3MP front camera, 3000mAh battery, proximity/light/gravity sensor, GPRS and EDGE among others. Similarly, GT7 is powered by a 1GHZ processor. The phone with 4.3” WVGA capacitive touch screen comes with Android 2.3.5. <br />
	<br />
	<br />
	<img alt="" border="1" height="161" hspace="10" src="http://www.newbusinessage.com/images/thecorporate/explorenepal.jpg" vspace="10" width="282" /><br />
	<br />
	<strong>Demak DTM’s ‘Explore Nepal’ <br />
	</strong><br />
	Agni Incorporated Pvt Ltd, the sole distributor of Demak motorcycles for Nepa has announced ‘Explore Nepal’ offer. On every purchase of Demak DTM 150 motorcycle, customers are entitled to a ‘Convenience Kit’ worth Rs 50,000 that includes canyoning, rafting, bungee/ swing and overnight stay at The Last Resort, Tatopani and adventure tools from Sherpa Adventure Gear. This offer is valid for limited period. <br />
	<br />
	<br />
	<img alt="" border="1" height="205" hspace="10" src="http://www.newbusinessage.com/images/thecorporate/himstar.jpg" vspace="10" width="356" /><br />
	<br />
	<strong>Himstar’s new Vacuum Cleaners <br />
	</strong><br />
	Him Electronics has introduced new Himstar vacuum cleaners in the market. The company has introduced four new models, two of which are bag-less cyclone models and the other two are canister type. According to the company, these vacuum cleaners operate with less noise and consume less electricity, and can filter particles as small as 0.3 micron. The vacuum cleaners come with one year warranty. <br />
	<br />
	<br />
	<img alt="" border="1" height="198" hspace="10" src="http://www.newbusinessage.com/images/thecorporate/sbfurniture.jpg" vspace="10" width="210" /><br />
	<br />
	<strong>SB Furniture’s ‘Made for Each Other’ Offer</strong><br />
	<br />
	SB Furniture Nepal has launched a promotional offer named ‘Made for Each Other’. The offer is on bedroom sets which will include Rs 20,000 worth of cash discounts on selected range of products. The bedroom set includes a bed, wardrobe and a dressing table. The promotion started from June 15, and the cash vouchers are available in company’s showroom at Lagankhel and Panipokhari.<br />
	<br />
	 </p>',
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	(int) 14 => array(
		'Article' => array(
			'id' => '1204',
			'article_category_id' => '148',
			'title' => 'Subisu’s SLC Graduate Package',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Subisu Cablenet (P) Ltd has launched ‘2069 SLC Graduate Internet Package’ for SLC appeared students. Under this package, SLC graduates can avail 512 Kbps internet package with 50 hours per month at Rs 750 per month, which also includes cable TV channels, Bitdefender Antivirus Internet Security 2013 and a pen drive”. Internet scholarships are available for other unlimited packages as well. This offer is valid in Kathmandu Valley and for new connections only.<br />
	 </p>',
			'published' => true,
			'created' => '2013-06-28',
			'modified' => '2013-06-29',
			'keywords' => 'new business age focus news & articles, focus news & articles from new business age nepal, focus headlines from nepal,  current and latest focus news from nepal, economic news from nepal, nepali focus economic news and events,  ongoing  focus news of nepal',
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