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Ali said in the launching programme organised recently in Kathmandu, that the e-service zone will make the financial transaction system simpler. According to the company, one who doesn’t have bank account can also use the service.</p> <p> “One doesn’t need to be the member of a bank to use the e-service facility,” said Biswash Dhakal, Chairman of F1Soft. He said, “Anyone around the country can become the member of the service through our agents.” In past, one needed to be the bank member to use the service. </p> <p> Dhakal said that the service will help to make digital financial transaction system a success in Nepal. As an initial step, the company has appointed three super agents in Kathmandu and 100 agents all over Nepal. According to Ali, company has a plan to appoint one thousand agents all over Nepal within next two months. Agents will receive Rs 20 per person for subscribing customers of the service. Similarly, the same agent member will also get the ‘top-up recharge’ facility. </p> <p> “If the service fosters, nobody has to carry cash in their pocket,” said Dhakal. Consumers can enjoy facilities like money transaction, utility bill payment, mobile phone recharge, air ticket purchase, school fee payment etc through the e-service.</p>', 'published' => true, 'created' => '2013-06-08', 'modified' => '2013-06-08', 'keywords' => 'Banking Service sans Bank Account via E-Service Zone, Banking, biz news', 'description' => 'Leading Digital payment Service of Nepal, ‘Phone Pay’ has launched a service named ‘E-Service Zone’. “To spread the e-service facility to various regions of Nepal, this program has been launched,” said the Chief Managing Director, Asgar Ali.', 'sortorder' => '972', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 1 => array( 'Article' => array( 'id' => '1101', 'article_category_id' => '34', 'title' => 'Academicians On The BFI’s Board', 'sub_title' => '', 'summary' => null, 'content' => '<p> </p> <p> The central bank has allowed Professors and Readers of government owned universities to hold a position on board of financial institution. Issuing a circular, Nepal Rastra Bank (NRB) has stated that there is no prohibition on appointing professors and readers as a director in the governing board of any financial institution.</p> <p> Earlier, in February, the central bank had forbidden former government officials of any level and former full-time employees of public enterprises, government run schools or educational institutions from being appointed as board members of banks and financial institutions, unless they represented government agency in those boards. According to Nepal Rastra Bank those professionals who have obtained at least a master’s degree in management, banking, finance, money, economics, commerce, trade, administration, commercial law or who have an accounting or commercial law or a chartered accountancy degree and have at least five years of experience at the executive level in the banking and finance field can be considered to be appointed as professional directors.</p>', 'published' => true, 'created' => '2013-06-08', 'modified' => '0000-00-00', 'keywords' => 'Biz news, Academicians On The BFI’s Board', 'description' => 'The central bank has allowed Professors and Readers of government owned universities to hold a position on board of financial institution.', 'sortorder' => '970', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 2 => array( 'Article' => array( 'id' => '1100', 'article_category_id' => '85', 'title' => 'Bill Gates Becomes World’s Richest Man Again', 'sub_title' => '', 'summary' => null, 'content' => '<p> </p> <p> Bill Gates is once again the world’s richest person. The 57-year-old co-founder of Redmond, Washington-based Microsoft Corp. recaptured the title from Mexican investor Carlos Slim Thursday, according to the Bloomberg Billionaires Index, as the software maker hit a five-year high. It is the first time Gates has held the mantle since 2007. His fortune is valued at US$72.7 billion, up 16% year-to-date.</p> <p> Slim’s America Movil SAB, the largest mobile-phone operator in the Americas, has dropped 14% this year after Mexico’s Congress passed a bill that could quash the billionaire’s market dominance. That’s helped erase more than US$3 billion from the 73-year-old tycoon’s net worth. Slim's Net worth is now valued at US$ 72.10 billion.</p> <p> <strong>Microsoft Rally</strong></p> <p> Microsoft shares have surged 28% this year, buoyed by cost controls and sales of business and server software amid weak demand for personal computers running the new Windows 8 operating system. Gates’s fortune has also benefited from a rally in stock holdings that include the Canadian National Railway Co. and waste-collection company Republic Services Inc.</p> <p> <strong>Buffett, Ortega</strong></p> <p> Berkshire Hathaway Inc. chairman Warren Buffett is the world’s third-richest person with US$59.7 billion, according to the Bloomberg ranking. He is US$3.7 billion ahead of Spaniard Amancio Ortega, Europe’s wealthiest person. Ingvar Kamprad, the founder of IKEA, ranks fifth with a US$55.6 billion fortune. The world’s largest furniture retailer generated more than US$36 billion in revenue and US$4 billion in net income in 2012. Google Inc. co-founders Larry Page and Sergey Brin have seen their fortunes rise more than 22% year-to-date as shares of world’s most popular search provider have surged. They rank No. 18 and No. 19 respectively. (www.bloomberg.com)</p>', 'published' => true, 'created' => '2013-06-08', 'modified' => '2013-06-08', 'keywords' => 'Global Business Trends', 'description' => 'Bill Gates is once again the world’s richest person. The 57-year-old co-founder of Redmond, Washington-based Microsoft Corp.', 'sortorder' => '969', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 3 => array( 'Article' => array( 'id' => '1099', 'article_category_id' => '85', 'title' => 'Coca-Cola Goes Global With Anti-obesity Push', 'sub_title' => '', 'summary' => null, 'content' => '<p> </p> <p> Coca-Cola says it will work to make lower-calorie drinks and clear nutrition information more widely available around the world. The Atlanta-based company already offers diet drinks in most markets. But they're not always as readily available in emerging markets such as China as they are in the US.</p> <p> With sugary sodas coming under fire for fueling obesity rates, Coca-Cola Co. has been more aggressive in trying to convince customers its products can be part of a healthy lifestyle. </p> <p> A Coca-Cola spokesman says the goal is to have diet options available wherever regular versions are sold. But that doesn't mean there would be a diet alternative for every particular brand. For example, if a store in India sells Coke it might also offer Sprite Zero, which doesn't have any calories, to meet the goal. </p> <p> The company says it's also working to have cans and bottles around the world display calories counts on the front of the label. The company already does that in the United States. Earlier this year, it began airing its first TV commercial in the US addressing obesity. That ad has since been rolling out to other countries. (AP)</p>', 'published' => true, 'created' => '2013-06-08', 'modified' => '0000-00-00', 'keywords' => 'Global Business Trends', 'description' => 'Coca-Cola says it will work to make lower-calorie drinks and clear nutrition information more widely available around the world.', 'sortorder' => '968', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 4 => array( 'Article' => array( 'id' => '1097', 'article_category_id' => '85', 'title' => 'Sony Reports First Annual Profit In Five Years', 'sub_title' => '', 'summary' => null, 'content' => '<p> </p> <p> Sony has reported an annual profit for the first time in five years, boosted by a weakening yen and asset sales. The electronics giant made a net profit of 43bn yen ($436m; £280m) in the year to 31 March, reversing a loss of 457bn yen in the same period a year earlier. Sony said the yen’s recent fall, which makes Japanese goods cheaper for foreign buyers, had helped boost sales.</p> <p> A weak currency also boosts profits of Japanese exporters when they repatriate their foreign earnings back home. The Japanese currency has fallen more than 20% against the US dollar since November last year, after policy makers unveiled a series of aggressive measures aimed at spurring growth in the economy. The firm said it expected its profits to rise to 50bn yen in the current financial year.</p> <p> <strong>Asset Sales</strong></p> <p> Sony, once a market leader in various product categories, has seen its fortunes plummet over the past few years. Increased competition, falling prices and narrowing profit margins have hurt its business, especially in the TV segment which has been making a loss for the past eight years. As a result, Sony has been trying to restructure its business model and reduce its costs.</p> <p> As part of the restructuring process, the firm has sold key assets over the past few months, including its US headquarters in New York and some of its shares in M3, a medical research and marketing firm. The firm has also offloaded its “Sony City Osaki” building in Tokyo. Sony said the sale of all these assets had resulted in gains of nearly $2.5bn during the last financial year - and the figure contributed to the rise in its earnings during the period. (BBC)</p>', 'published' => true, 'created' => '2013-06-08', 'modified' => '2013-06-08', 'keywords' => 'Global Business Trends', 'description' => 'Sony has reported an annual profit for the first time in five years, boosted by a weakening yen and asset sales. The electronics giant made a net profit of 43bn yen ($436m; £280m) in the year to 31 March, reversing a loss of 457bn yen in the same period a year earlier.', 'sortorder' => '966', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 5 => array( 'Article' => array( 'id' => '1095', 'article_category_id' => '85', 'title' => 'FTZ In Shanghai May Challenge Hong Kong', 'sub_title' => '', 'summary' => null, 'content' => '<p> China’s largest metropolis and international business hub Shanghai plans to develop a free trade zone in one of its major commercial areas, posing a direct challenge to free port in commercial centre Hong Kong. The major driving force is a 10-year plan for Pudong, or the eastern part of Shanghai, that is grander and bolder than anything that has ever been conceived even by overly ambitious Shanghai officials, state-run China Daily reported today.</p> <p> The plan encompasses an area of 28 square kilometers, including Waigaoqiao Free Trade Zone, Yangshan Free Trade Port Area and Pudong Airport Comprehensive Free Trade Zone. The area is almost the same size as Macao, and its trade volume topped USD 100 billion last year, the highest on the mainland. In this area, a new economic order will be established with its own set of rules for commerce and finance. Indeed, the Shanghai free trade zone, as it is temporarily called, is set to have even more of an impact than other such entities in Shenzhen or Tianjin, the report said. The project, mapped out at the beginning of this year, is the first of its kind in China. Ready for submission to the State Council later this month for the official seal of approval, the project is expected to start operation in phases in the second half of this year at the earliest. Pudong’s attractiveness also include Disneyland project, which is set to be completed by 2015. </p> <p> <span style="font-size:10px;">(The Economic Times)</span></p>', 'published' => true, 'created' => '2013-06-08', 'modified' => '0000-00-00', 'keywords' => 'Global Business Trends, New Business Age, June 2013', 'description' => 'China’s largest metropolis and international business hub Shanghai plans to develop a free trade zone in one of its major commercial areas, posing a direct challenge to free port in commercial centre Hong Kong.', 'sortorder' => '964', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 6 => array( 'Article' => array( 'id' => '1094', 'article_category_id' => '50', 'title' => 'Revisiting Nepali Consumers', 'sub_title' => '', 'summary' => null, 'content' => '<p> </p> <p> Nepali market has growing tremendously over the last few years. This has helped create a fertile ground for high-end and branded products. This shows that high-end consumers are increasing in the market. Likewise, it is also true that people now have more options to choose from -- depending upon their purchasing capacity. However, it is also a fact that the gap between the rich and poor is also widening. This in the market scenario implies that the people around and below the poverty line are kept away from the growing market. Living in the same society, the market that is close to rich people becomes a distant land for them. It is also because the marketers target rich people at the cost of poor ones. It is more difficult for the middle class who neither can downgrade their lifestyle nor can afford an upgrade. Living with limited resources amid soaring prices, customers are always anxious about the future. For the working class, it is even more difficult as their income growth does not match the soaring inflation. Eventually beneficiaries of a growing market are sellers rather than the buyers.</p> <p> <strong>- Sahara Regmi, Pokhara</strong></p>', 'published' => true, 'created' => '2013-06-08', 'modified' => '0000-00-00', 'keywords' => 'Feedback, New Business Age, Opinion, June 2013', 'description' => 'Nepali market has growing tremendously over the last few years. This has helped create a fertile ground for high-end and branded products.', 'sortorder' => '963', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 7 => array( 'Article' => array( 'id' => '1093', 'article_category_id' => '50', 'title' => 'Consumer Behaviour', 'sub_title' => '', 'summary' => null, 'content' => '<p> The cover story regarding consumer behaviour was really interesting. As I am working for my Masters Degree thesis on consumer behaviour, the story was really helpful for me.</p> <p> <strong>- Manoj Kumar Sah, Kathmandu </strong></p> <div> </div>', 'published' => true, 'created' => '2013-06-08', 'modified' => '0000-00-00', 'keywords' => 'Feedback, June 2013, New Business Age', 'description' => 'The cover story regarding consumer behaviour was really interesting. As I am working for my Masters Degree thesis on consumer behaviour, the story was really helpful for me.', 'sortorder' => '962', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 8 => array( 'Article' => array( 'id' => '1092', 'article_category_id' => '50', 'title' => 'Small Things Make Large Difference', 'sub_title' => '', 'summary' => null, 'content' => '<p> Sometimes a simple statement or a small act leads to a series of unintended consequences. Many people fail to comprehend the fact that such unusual things may happen in our own lives. ‘Guilty Until Proven Innocent’ (May 2013) talks about those simple facts of life that need to be taken more seriously. We, certainly, have to respect others. Gender discrimination has been a problem in many parts of the world. Cases of violence against women are also being reported very frequently in Nepal. Heinous crimes should not be neglected and the culprits should face strict punishment. Above all, victims must get justice. </p> <p> We must all respect one another’s individuality, freedom and privacy. This must be developed as an ethics of every individual and these things are also guaranteed by the country’s law.</p> <p> <strong>- Kapil Parajuli, Bhaktapur</strong></p> <div> </div>', 'published' => true, 'created' => '2013-06-08', 'modified' => '0000-00-00', 'keywords' => 'Feedback, June 2013, New Business Age', 'description' => 'Sometimes a simple statement or a small act leads to a series of unintended consequences. Many people fail to comprehend the fact that such unusual things may happen in our own lives.', 'sortorder' => '961', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 9 => array( 'Article' => array( 'id' => '1091', 'article_category_id' => '50', 'title' => 'Wider Coverage', 'sub_title' => '', 'summary' => null, 'content' => '<p> I have been reading your magazine for all this year and found it to be interesting. It is always good to see that at least there is one good corporate magazine in Nepal. As readers, we are excited to know more about the buzz sectors all over Nepal. Most of the magazines are based in Kathmandu, Pokhara and Chitwan. Areas such as Biratnagar, Birgunj, Janakpur, Nepalgunj and others have a wide range of business activities. The Tarai area is the producer of bread and butter for the country. It will be interesting to see all corners of Nepal being covered rather than just the capital city.</p> <p> <strong>- Rima Shrestha, Via email</strong></p> <div> </div>', 'published' => true, 'created' => '2013-06-08', 'modified' => '2013-06-08', 'keywords' => 'Feedback, New Business Age, June 2013', 'description' => 'I have been reading your magazine for all this year and found it to be interesting. It is always good to see that at least there is one good corporate magazine in Nepal.', 'sortorder' => '960', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 10 => array( 'Article' => array( 'id' => '1090', 'article_category_id' => '50', 'title' => 'Guilty Until Proven Innocent!', 'sub_title' => '', 'summary' => null, 'content' => '<p> I went through the Buddha’s Delight column New Biz May 2013 ‘Guilty Until Proven Innocent’’. I am happy that the writer brought up an important issue in his column. We need to do away with our tendency to blame the victim of a crime. I am glad that the writer has shed light on a pressing issue, citing examples from the Mahabharata and the Ramayana. </p> <p> I agree with the writer that empowering women with more choices and freedom is crucial for a better society. Women really are the key to economic growth, social development and environmental sustainability. And for that, everyone in the society -- men or women -- should first change their mindsets. Like you said ‘Each one of us must redefine our thought process.’</p> <p> <strong>- Pratima Sharma, Budhanilkantha</strong></p> <p> </p>', 'published' => true, 'created' => '2013-06-08', 'modified' => '0000-00-00', 'keywords' => 'Feedback, New Business Age, June 2013', 'description' => 'I went through the Buddha’s Delight column New Biz May 2013 ‘Guilty Until Proven Innocent’’. I am happy that the writer brought up an important issue in his column.', 'sortorder' => '959', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 11 => array( 'Article' => array( 'id' => '1089', 'article_category_id' => '50', 'title' => 'Cult Brand', 'sub_title' => '', 'summary' => null, 'content' => '<p> </p> <p> I am currently studying Brand Management in Norwegian School of Economics. I came across the article titled ‘The KFC Legacy’ published in New Business Age through the Internet. Well, this might be little bit harsh, but I think this article is just history and advertisement of KFC, nothing much about the brand and its management. The writer said that the cult status earned by KFC can be credited to its logo. It’s not true. There are many other factors which contribute to gain cult status. Logo is a very small part of it. If you look at other cult brands like Apple or Harley Davidson, it is not just the about logo, it’s the culture, personality and some other factors which make them cult brands. And overall, I do not agree with you that KFC has cult status. We refer cult brands as those which have very strong community that defends the brand and often fans refuse to buy competitor brands. In the case of KFC, there is nothing like that. In developed countries, people go to KFC for tasty and cheap food and in country like ours, people go to KFC to have tasty food and to show off or impress their peers. There is nothing like people going to KFC are die-hard fans of KFC. Anyway that’s my point of view (maybe wrong) but I still wrote what I thought about. Hope to receive some answers or comments from the writer of the article. </p> <p> <strong>- Paras Jain</strong></p>', 'published' => true, 'created' => '2013-06-08', 'modified' => '2013-06-08', 'keywords' => 'Feedback, Opinion, New Business Age, June 2013', 'description' => 'I am currently studying Brand Management in Norwegian School of Economics. I came across the article titled ‘The KFC Legacy’ published in New Business Age through the Internet. Well, this might be little bit harsh, but I think this article is just history and advertisement of KFC, nothing much about the brand and its management.', 'sortorder' => '958', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 12 => array( 'Article' => array( 'id' => '1088', 'article_category_id' => '62', 'title' => 'Voices June 2013', 'sub_title' => '', 'summary' => null, 'content' => '<p> <strong><br /> </strong></p> <p> <strong>“Entrepreneurs should not be threatened to pay taxes.”</strong></p> <p> <em>Jagdish Prasad Rathi, Chairperson, Tax and Revenue Committee at Federation of Nepalese Chambers of Commerce and Industry (FNCCI) opines that business people and industrialists should be encouraged not threatened to pay taxes. </em></p> <p> </p> <p> <strong><img alt="Voices, Radhesh Pant" height="155" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/voices_radhesh_june2013.jpg" style="float:left; margin:0 10px 0 0;" width="130" /><br /> </strong></p> <p> <strong>“The private sector is not yet ready to invest in mega projects.”</strong></p> <p> <em>Radhesh Pant, Chief Executive of Investment Board opines that the Nepali private sector is not yet ready for investing in mega projects proposed by the board.</em></p> <p> </p> <p> </p> <p> </p> <p> <strong>“We are advocating <span style="font-size: 12px;">common standards across South Asia.”</span></strong></p> <p> <em>Vikramjit Singh Sahaney, President of SAARC Chamber of Commerce and Industry believes that all the commodities traded in the South Asia region should comply to a common standards and standard certificates honoured by all the countries in the region should be issued. </em></p> <p> </p> <p> <strong><img alt="Voices, Shankar Prasad Koirala" height="155" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/voices_shankar_june2013.jpg" style="float:left; margin:0 10px 0 0;" width="130" /><br /> </strong></p> <p> <strong>“Private sector support <span style="font-size: 12px;">is a must for the </span><span style="font-size: 12px;">full-fledged budget for </span><span style="font-size: 12px;">the next fiscal year.” </span></strong></p> <p> <em>Shankar Prasad Koirala, Finance Minister expects the full cooperation from the private sector to the government to bring a full-fledged budget for fiscal year 2013/14.</em></p> <p> <em><br /> </em></p> <p> <em><br /> </em></p> <p> <strong style="font-size: 12px;"><img alt="Voices, Gyan Chandra Acharya" height="158" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/voices_gyan_june2013.jpg" style="float:left; margin:0 10px 0 0;" width="130" /></strong></p> <p> <strong><br /> </strong></p> <p> <strong>“Nepal’s economic structure must be changed.”</strong></p> <p> <em>Gyan Chandra Acharya Under-Secretary-General and High Representative for the Least Developed Countries, Landlocked Developing Countries and Small Island Developing States at United Nations (UN) believes that the economic structure must be changed to achieve 7 per cent growth.</em></p> <p> </p> <p> </p> <p> <strong style="font-size: 12px;">“To achieve 7 per cent economic growth, private sector must be ensured with a favourable investment climate.”</strong></p> <p> <em>Bharat Mohan Adhikari, Former Finance Minister acknowledges the role of the private sector in achieving high economic growth.</em></p>', 'published' => true, 'created' => '2013-06-08', 'modified' => '2013-06-08', 'keywords' => 'Voices, Opinion, Words, personalities, Celebrities, New Business Age, June 2013', 'description' => '“Entrepreneurs should not be threatened to pay taxes.” - Jagdish Prasad Rathi', 'sortorder' => '957', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 13 => array( 'Article' => array( 'id' => '1087', 'article_category_id' => '60', 'title' => 'Qatar Airways Voted World’s Best Cabin Crew', 'sub_title' => '', 'summary' => null, 'content' => '<p> Qatar Airways has been honoured in Dubai with the Best Cabin Crew in the world award as voted by readers of the Middle East edition of the magazine Business Traveller. The Doha-based airline was voted ahead of neighbouring airlines for its five-star service to take the coveted award, presented at a ceremony held at the Address Hotel Dubai Marina. Guests from across the regional and global travel, tourism and hospitality industries attended the annual event. Qatar Airways Country Manager UAE Fadi Hijazin collected the award on behalf of the airline. </p> <p> Voting by readers of Business Traveller Middle East was based on the strength of the airline’s renowned in-flight service offered by its cabin crew to travellers. Qatar Airways Chief Executive Officer Akbar Al Baker said the latest award reflected the airline’s continued commitment to excellence. “On behalf of Qatar Airways, I would like to thank the readers of Business Traveller Middle East magazine and all who travel with us for once again giving their vote of confidence to us and strongly believing in our onboard service, hospitality and professionalism,” he said. </p> <p> Earlier this week, Qatar Airways had announced route expansions on three continents together with a huge increase in capacity in Pakistan. The Ethiopian capital of Addis Ababa will become the carrier’s 20th destination on the African continent, launching on September 18, followed a month later by Clark International Airport in the Philippines from October 28. Effective March 1 next year, Philadelphia will become the airline’s fifth US gateway. </p>', 'published' => true, 'created' => '2013-06-08', 'modified' => '2013-06-19', 'keywords' => 'Qatar Airways Voted World’s Best Cabin Crew, Qatar airways, qatar, airlines, aeroplane, travel, Tourism, New Business Age, June 2013', 'description' => 'Qatar Airways has been honoured in Dubai with the Best Cabin Crew in the world award as voted by readers of the Middle East edition of the magazine Business Traveller.', 'sortorder' => '956', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 14 => array( 'Article' => array( 'id' => '1086', 'article_category_id' => '60', 'title' => 'Etihad To Launch Daily Flights Between Abu Dhabi And Belgrade', 'sub_title' => '', 'summary' => null, 'content' => '<p> United Arab Emirates, will be commencing daily nonstop flights between its home base of Abu Dhabi and Belgrade, the capital of Serbia from June 15, 2013.JatAirways, Serbia’s national carrier, will place its JU code on the new service, as well as to 21 destinations on the Etihad Airways network. In return, Etihad Airways will place its EY code on 23 of JatAirways’ European flights.</p> <p> Etihad Airways will operate a two cabin Airbus A319 aircraft on the service between Abu Dhabi and Belgrade, configured to carry 106 passengers, with 16 seats in Pearl Business Class and 90 seats in Coral Economy Class. </p> <p> The announcement was made on April 15, at a media conference in Belgrade hosted by James Hogan, Etihad Airways’ President and Chief Executive Officer. “The launch of Etihad Airways’ flights between Abu Dhabi and Belgrade, and the partnership development with JatAirways, will cater for the significant and growing demand for air travel between the UAE and Serbia, as well as cities with large Serbian populations around the world, particularly in Australia and the US,” said Hogan at the event. </p> <p> As part of the codeshare agreement, subject to government and regulatory approval, JatAirways will place its JU code on Etihad Airways flights to Abu Dhabi and beyond to Bangkok, Beijing, Brisbane, Chengdu, Chicago, Colombo, Ho Chi Minh City, Islamabad, Johannesburg and Karachi among others.</p> <p> In return, subject to government and regulatory approval, Etihad Airways will place its EY code on JatAirways flights between Belgrade and Amsterdam, Athens, Berlin, Brussels, Copenhagen, Düsseldorf, Rome, Frankfurt, Gothenburg, Istanbul, Heathrow, Larnaca, Milan, Moscow and other cities.</p> <p> Belgrade will become the third of six new destinations to be served by Etihad Airways in 2013, following the launch in March of flights to Washington, DC, and in May to Amsterdam.Services will commence later this year to Sao Paulo, Brazil; Sana’a, Yemen; and Ho Chi Minh City, Vietnam.</p>', 'published' => true, 'created' => '2013-06-08', 'modified' => '2013-06-23', 'keywords' => 'Etihad To Launch Daily Flights Between Abu Dhabi And Belgrade, Civil Aviation, Airline, Fleet, Abu Dhabi, Belgrade, Aeroplane, Boing, travel, Tourism, New Business Age, June 2013', 'description' => 'The announcement was made on April 15, at a media conference in Belgrade hosted by James Hogan, Etihad Airways’ President and Chief Executive Officer.', 'sortorder' => '955', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ) ) $current_user = null $logged_in = falseinclude - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
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$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '1103', 'article_category_id' => '34', 'title' => 'Banking Service Sans Bank Account Via E-Service Zone', 'sub_title' => '', 'summary' => null, 'content' => '<p> Leading Digital payment Service of Nepal, ‘Phone Pay’ has launched a service named ‘E-Service Zone’. “To spread the e-service facility to various regions of Nepal, this program has been launched,” said the Chief Managing Director, Asgar Ali. Ali said in the launching programme organised recently in Kathmandu, that the e-service zone will make the financial transaction system simpler. According to the company, one who doesn’t have bank account can also use the service.</p> <p> “One doesn’t need to be the member of a bank to use the e-service facility,” said Biswash Dhakal, Chairman of F1Soft. He said, “Anyone around the country can become the member of the service through our agents.” In past, one needed to be the bank member to use the service. </p> <p> Dhakal said that the service will help to make digital financial transaction system a success in Nepal. As an initial step, the company has appointed three super agents in Kathmandu and 100 agents all over Nepal. According to Ali, company has a plan to appoint one thousand agents all over Nepal within next two months. Agents will receive Rs 20 per person for subscribing customers of the service. Similarly, the same agent member will also get the ‘top-up recharge’ facility. </p> <p> “If the service fosters, nobody has to carry cash in their pocket,” said Dhakal. Consumers can enjoy facilities like money transaction, utility bill payment, mobile phone recharge, air ticket purchase, school fee payment etc through the e-service.</p>', 'published' => true, 'created' => '2013-06-08', 'modified' => '2013-06-08', 'keywords' => 'Banking Service sans Bank Account via E-Service Zone, Banking, biz news', 'description' => 'Leading Digital payment Service of Nepal, ‘Phone Pay’ has launched a service named ‘E-Service Zone’. “To spread the e-service facility to various regions of Nepal, this program has been launched,” said the Chief Managing Director, Asgar Ali.', 'sortorder' => '972', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 1 => array( 'Article' => array( 'id' => '1101', 'article_category_id' => '34', 'title' => 'Academicians On The BFI’s Board', 'sub_title' => '', 'summary' => null, 'content' => '<p> </p> <p> The central bank has allowed Professors and Readers of government owned universities to hold a position on board of financial institution. Issuing a circular, Nepal Rastra Bank (NRB) has stated that there is no prohibition on appointing professors and readers as a director in the governing board of any financial institution.</p> <p> Earlier, in February, the central bank had forbidden former government officials of any level and former full-time employees of public enterprises, government run schools or educational institutions from being appointed as board members of banks and financial institutions, unless they represented government agency in those boards. According to Nepal Rastra Bank those professionals who have obtained at least a master’s degree in management, banking, finance, money, economics, commerce, trade, administration, commercial law or who have an accounting or commercial law or a chartered accountancy degree and have at least five years of experience at the executive level in the banking and finance field can be considered to be appointed as professional directors.</p>', 'published' => true, 'created' => '2013-06-08', 'modified' => '0000-00-00', 'keywords' => 'Biz news, Academicians On The BFI’s Board', 'description' => 'The central bank has allowed Professors and Readers of government owned universities to hold a position on board of financial institution.', 'sortorder' => '970', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 2 => array( 'Article' => array( 'id' => '1100', 'article_category_id' => '85', 'title' => 'Bill Gates Becomes World’s Richest Man Again', 'sub_title' => '', 'summary' => null, 'content' => '<p> </p> <p> Bill Gates is once again the world’s richest person. The 57-year-old co-founder of Redmond, Washington-based Microsoft Corp. recaptured the title from Mexican investor Carlos Slim Thursday, according to the Bloomberg Billionaires Index, as the software maker hit a five-year high. It is the first time Gates has held the mantle since 2007. His fortune is valued at US$72.7 billion, up 16% year-to-date.</p> <p> Slim’s America Movil SAB, the largest mobile-phone operator in the Americas, has dropped 14% this year after Mexico’s Congress passed a bill that could quash the billionaire’s market dominance. That’s helped erase more than US$3 billion from the 73-year-old tycoon’s net worth. Slim's Net worth is now valued at US$ 72.10 billion.</p> <p> <strong>Microsoft Rally</strong></p> <p> Microsoft shares have surged 28% this year, buoyed by cost controls and sales of business and server software amid weak demand for personal computers running the new Windows 8 operating system. Gates’s fortune has also benefited from a rally in stock holdings that include the Canadian National Railway Co. and waste-collection company Republic Services Inc.</p> <p> <strong>Buffett, Ortega</strong></p> <p> Berkshire Hathaway Inc. chairman Warren Buffett is the world’s third-richest person with US$59.7 billion, according to the Bloomberg ranking. He is US$3.7 billion ahead of Spaniard Amancio Ortega, Europe’s wealthiest person. Ingvar Kamprad, the founder of IKEA, ranks fifth with a US$55.6 billion fortune. The world’s largest furniture retailer generated more than US$36 billion in revenue and US$4 billion in net income in 2012. Google Inc. co-founders Larry Page and Sergey Brin have seen their fortunes rise more than 22% year-to-date as shares of world’s most popular search provider have surged. They rank No. 18 and No. 19 respectively. (www.bloomberg.com)</p>', 'published' => true, 'created' => '2013-06-08', 'modified' => '2013-06-08', 'keywords' => 'Global Business Trends', 'description' => 'Bill Gates is once again the world’s richest person. The 57-year-old co-founder of Redmond, Washington-based Microsoft Corp.', 'sortorder' => '969', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 3 => array( 'Article' => array( 'id' => '1099', 'article_category_id' => '85', 'title' => 'Coca-Cola Goes Global With Anti-obesity Push', 'sub_title' => '', 'summary' => null, 'content' => '<p> </p> <p> Coca-Cola says it will work to make lower-calorie drinks and clear nutrition information more widely available around the world. The Atlanta-based company already offers diet drinks in most markets. But they're not always as readily available in emerging markets such as China as they are in the US.</p> <p> With sugary sodas coming under fire for fueling obesity rates, Coca-Cola Co. has been more aggressive in trying to convince customers its products can be part of a healthy lifestyle. </p> <p> A Coca-Cola spokesman says the goal is to have diet options available wherever regular versions are sold. But that doesn't mean there would be a diet alternative for every particular brand. For example, if a store in India sells Coke it might also offer Sprite Zero, which doesn't have any calories, to meet the goal. </p> <p> The company says it's also working to have cans and bottles around the world display calories counts on the front of the label. The company already does that in the United States. Earlier this year, it began airing its first TV commercial in the US addressing obesity. That ad has since been rolling out to other countries. (AP)</p>', 'published' => true, 'created' => '2013-06-08', 'modified' => '0000-00-00', 'keywords' => 'Global Business Trends', 'description' => 'Coca-Cola says it will work to make lower-calorie drinks and clear nutrition information more widely available around the world.', 'sortorder' => '968', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 4 => array( 'Article' => array( 'id' => '1097', 'article_category_id' => '85', 'title' => 'Sony Reports First Annual Profit In Five Years', 'sub_title' => '', 'summary' => null, 'content' => '<p> </p> <p> Sony has reported an annual profit for the first time in five years, boosted by a weakening yen and asset sales. The electronics giant made a net profit of 43bn yen ($436m; £280m) in the year to 31 March, reversing a loss of 457bn yen in the same period a year earlier. Sony said the yen’s recent fall, which makes Japanese goods cheaper for foreign buyers, had helped boost sales.</p> <p> A weak currency also boosts profits of Japanese exporters when they repatriate their foreign earnings back home. The Japanese currency has fallen more than 20% against the US dollar since November last year, after policy makers unveiled a series of aggressive measures aimed at spurring growth in the economy. The firm said it expected its profits to rise to 50bn yen in the current financial year.</p> <p> <strong>Asset Sales</strong></p> <p> Sony, once a market leader in various product categories, has seen its fortunes plummet over the past few years. Increased competition, falling prices and narrowing profit margins have hurt its business, especially in the TV segment which has been making a loss for the past eight years. As a result, Sony has been trying to restructure its business model and reduce its costs.</p> <p> As part of the restructuring process, the firm has sold key assets over the past few months, including its US headquarters in New York and some of its shares in M3, a medical research and marketing firm. The firm has also offloaded its “Sony City Osaki” building in Tokyo. Sony said the sale of all these assets had resulted in gains of nearly $2.5bn during the last financial year - and the figure contributed to the rise in its earnings during the period. (BBC)</p>', 'published' => true, 'created' => '2013-06-08', 'modified' => '2013-06-08', 'keywords' => 'Global Business Trends', 'description' => 'Sony has reported an annual profit for the first time in five years, boosted by a weakening yen and asset sales. The electronics giant made a net profit of 43bn yen ($436m; £280m) in the year to 31 March, reversing a loss of 457bn yen in the same period a year earlier.', 'sortorder' => '966', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 5 => array( 'Article' => array( 'id' => '1095', 'article_category_id' => '85', 'title' => 'FTZ In Shanghai May Challenge Hong Kong', 'sub_title' => '', 'summary' => null, 'content' => '<p> China’s largest metropolis and international business hub Shanghai plans to develop a free trade zone in one of its major commercial areas, posing a direct challenge to free port in commercial centre Hong Kong. The major driving force is a 10-year plan for Pudong, or the eastern part of Shanghai, that is grander and bolder than anything that has ever been conceived even by overly ambitious Shanghai officials, state-run China Daily reported today.</p> <p> The plan encompasses an area of 28 square kilometers, including Waigaoqiao Free Trade Zone, Yangshan Free Trade Port Area and Pudong Airport Comprehensive Free Trade Zone. The area is almost the same size as Macao, and its trade volume topped USD 100 billion last year, the highest on the mainland. In this area, a new economic order will be established with its own set of rules for commerce and finance. Indeed, the Shanghai free trade zone, as it is temporarily called, is set to have even more of an impact than other such entities in Shenzhen or Tianjin, the report said. The project, mapped out at the beginning of this year, is the first of its kind in China. Ready for submission to the State Council later this month for the official seal of approval, the project is expected to start operation in phases in the second half of this year at the earliest. Pudong’s attractiveness also include Disneyland project, which is set to be completed by 2015. </p> <p> <span style="font-size:10px;">(The Economic Times)</span></p>', 'published' => true, 'created' => '2013-06-08', 'modified' => '0000-00-00', 'keywords' => 'Global Business Trends, New Business Age, June 2013', 'description' => 'China’s largest metropolis and international business hub Shanghai plans to develop a free trade zone in one of its major commercial areas, posing a direct challenge to free port in commercial centre Hong Kong.', 'sortorder' => '964', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 6 => array( 'Article' => array( 'id' => '1094', 'article_category_id' => '50', 'title' => 'Revisiting Nepali Consumers', 'sub_title' => '', 'summary' => null, 'content' => '<p> </p> <p> Nepali market has growing tremendously over the last few years. This has helped create a fertile ground for high-end and branded products. This shows that high-end consumers are increasing in the market. Likewise, it is also true that people now have more options to choose from -- depending upon their purchasing capacity. However, it is also a fact that the gap between the rich and poor is also widening. This in the market scenario implies that the people around and below the poverty line are kept away from the growing market. Living in the same society, the market that is close to rich people becomes a distant land for them. It is also because the marketers target rich people at the cost of poor ones. It is more difficult for the middle class who neither can downgrade their lifestyle nor can afford an upgrade. Living with limited resources amid soaring prices, customers are always anxious about the future. For the working class, it is even more difficult as their income growth does not match the soaring inflation. Eventually beneficiaries of a growing market are sellers rather than the buyers.</p> <p> <strong>- Sahara Regmi, Pokhara</strong></p>', 'published' => true, 'created' => '2013-06-08', 'modified' => '0000-00-00', 'keywords' => 'Feedback, New Business Age, Opinion, June 2013', 'description' => 'Nepali market has growing tremendously over the last few years. This has helped create a fertile ground for high-end and branded products.', 'sortorder' => '963', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 7 => array( 'Article' => array( 'id' => '1093', 'article_category_id' => '50', 'title' => 'Consumer Behaviour', 'sub_title' => '', 'summary' => null, 'content' => '<p> The cover story regarding consumer behaviour was really interesting. As I am working for my Masters Degree thesis on consumer behaviour, the story was really helpful for me.</p> <p> <strong>- Manoj Kumar Sah, Kathmandu </strong></p> <div> </div>', 'published' => true, 'created' => '2013-06-08', 'modified' => '0000-00-00', 'keywords' => 'Feedback, June 2013, New Business Age', 'description' => 'The cover story regarding consumer behaviour was really interesting. As I am working for my Masters Degree thesis on consumer behaviour, the story was really helpful for me.', 'sortorder' => '962', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 8 => array( 'Article' => array( 'id' => '1092', 'article_category_id' => '50', 'title' => 'Small Things Make Large Difference', 'sub_title' => '', 'summary' => null, 'content' => '<p> Sometimes a simple statement or a small act leads to a series of unintended consequences. Many people fail to comprehend the fact that such unusual things may happen in our own lives. ‘Guilty Until Proven Innocent’ (May 2013) talks about those simple facts of life that need to be taken more seriously. We, certainly, have to respect others. Gender discrimination has been a problem in many parts of the world. Cases of violence against women are also being reported very frequently in Nepal. Heinous crimes should not be neglected and the culprits should face strict punishment. Above all, victims must get justice. </p> <p> We must all respect one another’s individuality, freedom and privacy. This must be developed as an ethics of every individual and these things are also guaranteed by the country’s law.</p> <p> <strong>- Kapil Parajuli, Bhaktapur</strong></p> <div> </div>', 'published' => true, 'created' => '2013-06-08', 'modified' => '0000-00-00', 'keywords' => 'Feedback, June 2013, New Business Age', 'description' => 'Sometimes a simple statement or a small act leads to a series of unintended consequences. Many people fail to comprehend the fact that such unusual things may happen in our own lives.', 'sortorder' => '961', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 9 => array( 'Article' => array( 'id' => '1091', 'article_category_id' => '50', 'title' => 'Wider Coverage', 'sub_title' => '', 'summary' => null, 'content' => '<p> I have been reading your magazine for all this year and found it to be interesting. It is always good to see that at least there is one good corporate magazine in Nepal. As readers, we are excited to know more about the buzz sectors all over Nepal. Most of the magazines are based in Kathmandu, Pokhara and Chitwan. Areas such as Biratnagar, Birgunj, Janakpur, Nepalgunj and others have a wide range of business activities. The Tarai area is the producer of bread and butter for the country. It will be interesting to see all corners of Nepal being covered rather than just the capital city.</p> <p> <strong>- Rima Shrestha, Via email</strong></p> <div> </div>', 'published' => true, 'created' => '2013-06-08', 'modified' => '2013-06-08', 'keywords' => 'Feedback, New Business Age, June 2013', 'description' => 'I have been reading your magazine for all this year and found it to be interesting. It is always good to see that at least there is one good corporate magazine in Nepal.', 'sortorder' => '960', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 10 => array( 'Article' => array( 'id' => '1090', 'article_category_id' => '50', 'title' => 'Guilty Until Proven Innocent!', 'sub_title' => '', 'summary' => null, 'content' => '<p> I went through the Buddha’s Delight column New Biz May 2013 ‘Guilty Until Proven Innocent’’. I am happy that the writer brought up an important issue in his column. We need to do away with our tendency to blame the victim of a crime. I am glad that the writer has shed light on a pressing issue, citing examples from the Mahabharata and the Ramayana. </p> <p> I agree with the writer that empowering women with more choices and freedom is crucial for a better society. Women really are the key to economic growth, social development and environmental sustainability. And for that, everyone in the society -- men or women -- should first change their mindsets. Like you said ‘Each one of us must redefine our thought process.’</p> <p> <strong>- Pratima Sharma, Budhanilkantha</strong></p> <p> </p>', 'published' => true, 'created' => '2013-06-08', 'modified' => '0000-00-00', 'keywords' => 'Feedback, New Business Age, June 2013', 'description' => 'I went through the Buddha’s Delight column New Biz May 2013 ‘Guilty Until Proven Innocent’’. I am happy that the writer brought up an important issue in his column.', 'sortorder' => '959', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 11 => array( 'Article' => array( 'id' => '1089', 'article_category_id' => '50', 'title' => 'Cult Brand', 'sub_title' => '', 'summary' => null, 'content' => '<p> </p> <p> I am currently studying Brand Management in Norwegian School of Economics. I came across the article titled ‘The KFC Legacy’ published in New Business Age through the Internet. Well, this might be little bit harsh, but I think this article is just history and advertisement of KFC, nothing much about the brand and its management. The writer said that the cult status earned by KFC can be credited to its logo. It’s not true. There are many other factors which contribute to gain cult status. Logo is a very small part of it. If you look at other cult brands like Apple or Harley Davidson, it is not just the about logo, it’s the culture, personality and some other factors which make them cult brands. And overall, I do not agree with you that KFC has cult status. We refer cult brands as those which have very strong community that defends the brand and often fans refuse to buy competitor brands. In the case of KFC, there is nothing like that. In developed countries, people go to KFC for tasty and cheap food and in country like ours, people go to KFC to have tasty food and to show off or impress their peers. There is nothing like people going to KFC are die-hard fans of KFC. Anyway that’s my point of view (maybe wrong) but I still wrote what I thought about. Hope to receive some answers or comments from the writer of the article. </p> <p> <strong>- Paras Jain</strong></p>', 'published' => true, 'created' => '2013-06-08', 'modified' => '2013-06-08', 'keywords' => 'Feedback, Opinion, New Business Age, June 2013', 'description' => 'I am currently studying Brand Management in Norwegian School of Economics. I came across the article titled ‘The KFC Legacy’ published in New Business Age through the Internet. Well, this might be little bit harsh, but I think this article is just history and advertisement of KFC, nothing much about the brand and its management.', 'sortorder' => '958', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 12 => array( 'Article' => array( 'id' => '1088', 'article_category_id' => '62', 'title' => 'Voices June 2013', 'sub_title' => '', 'summary' => null, 'content' => '<p> <strong><br /> </strong></p> <p> <strong>“Entrepreneurs should not be threatened to pay taxes.”</strong></p> <p> <em>Jagdish Prasad Rathi, Chairperson, Tax and Revenue Committee at Federation of Nepalese Chambers of Commerce and Industry (FNCCI) opines that business people and industrialists should be encouraged not threatened to pay taxes. </em></p> <p> </p> <p> <strong><img alt="Voices, Radhesh Pant" height="155" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/voices_radhesh_june2013.jpg" style="float:left; margin:0 10px 0 0;" width="130" /><br /> </strong></p> <p> <strong>“The private sector is not yet ready to invest in mega projects.”</strong></p> <p> <em>Radhesh Pant, Chief Executive of Investment Board opines that the Nepali private sector is not yet ready for investing in mega projects proposed by the board.</em></p> <p> </p> <p> </p> <p> </p> <p> <strong>“We are advocating <span style="font-size: 12px;">common standards across South Asia.”</span></strong></p> <p> <em>Vikramjit Singh Sahaney, President of SAARC Chamber of Commerce and Industry believes that all the commodities traded in the South Asia region should comply to a common standards and standard certificates honoured by all the countries in the region should be issued. </em></p> <p> </p> <p> <strong><img alt="Voices, Shankar Prasad Koirala" height="155" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/voices_shankar_june2013.jpg" style="float:left; margin:0 10px 0 0;" width="130" /><br /> </strong></p> <p> <strong>“Private sector support <span style="font-size: 12px;">is a must for the </span><span style="font-size: 12px;">full-fledged budget for </span><span style="font-size: 12px;">the next fiscal year.” </span></strong></p> <p> <em>Shankar Prasad Koirala, Finance Minister expects the full cooperation from the private sector to the government to bring a full-fledged budget for fiscal year 2013/14.</em></p> <p> <em><br /> </em></p> <p> <em><br /> </em></p> <p> <strong style="font-size: 12px;"><img alt="Voices, Gyan Chandra Acharya" height="158" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/voices_gyan_june2013.jpg" style="float:left; margin:0 10px 0 0;" width="130" /></strong></p> <p> <strong><br /> </strong></p> <p> <strong>“Nepal’s economic structure must be changed.”</strong></p> <p> <em>Gyan Chandra Acharya Under-Secretary-General and High Representative for the Least Developed Countries, Landlocked Developing Countries and Small Island Developing States at United Nations (UN) believes that the economic structure must be changed to achieve 7 per cent growth.</em></p> <p> </p> <p> </p> <p> <strong style="font-size: 12px;">“To achieve 7 per cent economic growth, private sector must be ensured with a favourable investment climate.”</strong></p> <p> <em>Bharat Mohan Adhikari, Former Finance Minister acknowledges the role of the private sector in achieving high economic growth.</em></p>', 'published' => true, 'created' => '2013-06-08', 'modified' => '2013-06-08', 'keywords' => 'Voices, Opinion, Words, personalities, Celebrities, New Business Age, June 2013', 'description' => '“Entrepreneurs should not be threatened to pay taxes.” - Jagdish Prasad Rathi', 'sortorder' => '957', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 13 => array( 'Article' => array( 'id' => '1087', 'article_category_id' => '60', 'title' => 'Qatar Airways Voted World’s Best Cabin Crew', 'sub_title' => '', 'summary' => null, 'content' => '<p> Qatar Airways has been honoured in Dubai with the Best Cabin Crew in the world award as voted by readers of the Middle East edition of the magazine Business Traveller. The Doha-based airline was voted ahead of neighbouring airlines for its five-star service to take the coveted award, presented at a ceremony held at the Address Hotel Dubai Marina. Guests from across the regional and global travel, tourism and hospitality industries attended the annual event. Qatar Airways Country Manager UAE Fadi Hijazin collected the award on behalf of the airline. </p> <p> Voting by readers of Business Traveller Middle East was based on the strength of the airline’s renowned in-flight service offered by its cabin crew to travellers. Qatar Airways Chief Executive Officer Akbar Al Baker said the latest award reflected the airline’s continued commitment to excellence. “On behalf of Qatar Airways, I would like to thank the readers of Business Traveller Middle East magazine and all who travel with us for once again giving their vote of confidence to us and strongly believing in our onboard service, hospitality and professionalism,” he said. </p> <p> Earlier this week, Qatar Airways had announced route expansions on three continents together with a huge increase in capacity in Pakistan. The Ethiopian capital of Addis Ababa will become the carrier’s 20th destination on the African continent, launching on September 18, followed a month later by Clark International Airport in the Philippines from October 28. Effective March 1 next year, Philadelphia will become the airline’s fifth US gateway. </p>', 'published' => true, 'created' => '2013-06-08', 'modified' => '2013-06-19', 'keywords' => 'Qatar Airways Voted World’s Best Cabin Crew, Qatar airways, qatar, airlines, aeroplane, travel, Tourism, New Business Age, June 2013', 'description' => 'Qatar Airways has been honoured in Dubai with the Best Cabin Crew in the world award as voted by readers of the Middle East edition of the magazine Business Traveller.', 'sortorder' => '956', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 14 => array( 'Article' => array( 'id' => '1086', 'article_category_id' => '60', 'title' => 'Etihad To Launch Daily Flights Between Abu Dhabi And Belgrade', 'sub_title' => '', 'summary' => null, 'content' => '<p> United Arab Emirates, will be commencing daily nonstop flights between its home base of Abu Dhabi and Belgrade, the capital of Serbia from June 15, 2013.JatAirways, Serbia’s national carrier, will place its JU code on the new service, as well as to 21 destinations on the Etihad Airways network. In return, Etihad Airways will place its EY code on 23 of JatAirways’ European flights.</p> <p> Etihad Airways will operate a two cabin Airbus A319 aircraft on the service between Abu Dhabi and Belgrade, configured to carry 106 passengers, with 16 seats in Pearl Business Class and 90 seats in Coral Economy Class. </p> <p> The announcement was made on April 15, at a media conference in Belgrade hosted by James Hogan, Etihad Airways’ President and Chief Executive Officer. “The launch of Etihad Airways’ flights between Abu Dhabi and Belgrade, and the partnership development with JatAirways, will cater for the significant and growing demand for air travel between the UAE and Serbia, as well as cities with large Serbian populations around the world, particularly in Australia and the US,” said Hogan at the event. </p> <p> As part of the codeshare agreement, subject to government and regulatory approval, JatAirways will place its JU code on Etihad Airways flights to Abu Dhabi and beyond to Bangkok, Beijing, Brisbane, Chengdu, Chicago, Colombo, Ho Chi Minh City, Islamabad, Johannesburg and Karachi among others.</p> <p> In return, subject to government and regulatory approval, Etihad Airways will place its EY code on JatAirways flights between Belgrade and Amsterdam, Athens, Berlin, Brussels, Copenhagen, Düsseldorf, Rome, Frankfurt, Gothenburg, Istanbul, Heathrow, Larnaca, Milan, Moscow and other cities.</p> <p> Belgrade will become the third of six new destinations to be served by Etihad Airways in 2013, following the launch in March of flights to Washington, DC, and in May to Amsterdam.Services will commence later this year to Sao Paulo, Brazil; Sana’a, Yemen; and Ho Chi Minh City, Vietnam.</p>', 'published' => true, 'created' => '2013-06-08', 'modified' => '2013-06-23', 'keywords' => 'Etihad To Launch Daily Flights Between Abu Dhabi And Belgrade, Civil Aviation, Airline, Fleet, Abu Dhabi, Belgrade, Aeroplane, Boing, travel, Tourism, New Business Age, June 2013', 'description' => 'The announcement was made on April 15, at a media conference in Belgrade hosted by James Hogan, Etihad Airways’ President and Chief Executive Officer.', 'sortorder' => '955', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ) ) $current_user = null $logged_in = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
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$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '1103', 'article_category_id' => '34', 'title' => 'Banking Service Sans Bank Account Via E-Service Zone', 'sub_title' => '', 'summary' => null, 'content' => '<p> Leading Digital payment Service of Nepal, ‘Phone Pay’ has launched a service named ‘E-Service Zone’. “To spread the e-service facility to various regions of Nepal, this program has been launched,” said the Chief Managing Director, Asgar Ali. Ali said in the launching programme organised recently in Kathmandu, that the e-service zone will make the financial transaction system simpler. According to the company, one who doesn’t have bank account can also use the service.</p> <p> “One doesn’t need to be the member of a bank to use the e-service facility,” said Biswash Dhakal, Chairman of F1Soft. He said, “Anyone around the country can become the member of the service through our agents.” In past, one needed to be the bank member to use the service. </p> <p> Dhakal said that the service will help to make digital financial transaction system a success in Nepal. As an initial step, the company has appointed three super agents in Kathmandu and 100 agents all over Nepal. According to Ali, company has a plan to appoint one thousand agents all over Nepal within next two months. Agents will receive Rs 20 per person for subscribing customers of the service. Similarly, the same agent member will also get the ‘top-up recharge’ facility. </p> <p> “If the service fosters, nobody has to carry cash in their pocket,” said Dhakal. Consumers can enjoy facilities like money transaction, utility bill payment, mobile phone recharge, air ticket purchase, school fee payment etc through the e-service.</p>', 'published' => true, 'created' => '2013-06-08', 'modified' => '2013-06-08', 'keywords' => 'Banking Service sans Bank Account via E-Service Zone, Banking, biz news', 'description' => 'Leading Digital payment Service of Nepal, ‘Phone Pay’ has launched a service named ‘E-Service Zone’. “To spread the e-service facility to various regions of Nepal, this program has been launched,” said the Chief Managing Director, Asgar Ali.', 'sortorder' => '972', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 1 => array( 'Article' => array( 'id' => '1101', 'article_category_id' => '34', 'title' => 'Academicians On The BFI’s Board', 'sub_title' => '', 'summary' => null, 'content' => '<p> </p> <p> The central bank has allowed Professors and Readers of government owned universities to hold a position on board of financial institution. Issuing a circular, Nepal Rastra Bank (NRB) has stated that there is no prohibition on appointing professors and readers as a director in the governing board of any financial institution.</p> <p> Earlier, in February, the central bank had forbidden former government officials of any level and former full-time employees of public enterprises, government run schools or educational institutions from being appointed as board members of banks and financial institutions, unless they represented government agency in those boards. According to Nepal Rastra Bank those professionals who have obtained at least a master’s degree in management, banking, finance, money, economics, commerce, trade, administration, commercial law or who have an accounting or commercial law or a chartered accountancy degree and have at least five years of experience at the executive level in the banking and finance field can be considered to be appointed as professional directors.</p>', 'published' => true, 'created' => '2013-06-08', 'modified' => '0000-00-00', 'keywords' => 'Biz news, Academicians On The BFI’s Board', 'description' => 'The central bank has allowed Professors and Readers of government owned universities to hold a position on board of financial institution.', 'sortorder' => '970', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 2 => array( 'Article' => array( 'id' => '1100', 'article_category_id' => '85', 'title' => 'Bill Gates Becomes World’s Richest Man Again', 'sub_title' => '', 'summary' => null, 'content' => '<p> </p> <p> Bill Gates is once again the world’s richest person. The 57-year-old co-founder of Redmond, Washington-based Microsoft Corp. recaptured the title from Mexican investor Carlos Slim Thursday, according to the Bloomberg Billionaires Index, as the software maker hit a five-year high. It is the first time Gates has held the mantle since 2007. His fortune is valued at US$72.7 billion, up 16% year-to-date.</p> <p> Slim’s America Movil SAB, the largest mobile-phone operator in the Americas, has dropped 14% this year after Mexico’s Congress passed a bill that could quash the billionaire’s market dominance. That’s helped erase more than US$3 billion from the 73-year-old tycoon’s net worth. Slim's Net worth is now valued at US$ 72.10 billion.</p> <p> <strong>Microsoft Rally</strong></p> <p> Microsoft shares have surged 28% this year, buoyed by cost controls and sales of business and server software amid weak demand for personal computers running the new Windows 8 operating system. Gates’s fortune has also benefited from a rally in stock holdings that include the Canadian National Railway Co. and waste-collection company Republic Services Inc.</p> <p> <strong>Buffett, Ortega</strong></p> <p> Berkshire Hathaway Inc. chairman Warren Buffett is the world’s third-richest person with US$59.7 billion, according to the Bloomberg ranking. He is US$3.7 billion ahead of Spaniard Amancio Ortega, Europe’s wealthiest person. Ingvar Kamprad, the founder of IKEA, ranks fifth with a US$55.6 billion fortune. The world’s largest furniture retailer generated more than US$36 billion in revenue and US$4 billion in net income in 2012. Google Inc. co-founders Larry Page and Sergey Brin have seen their fortunes rise more than 22% year-to-date as shares of world’s most popular search provider have surged. They rank No. 18 and No. 19 respectively. (www.bloomberg.com)</p>', 'published' => true, 'created' => '2013-06-08', 'modified' => '2013-06-08', 'keywords' => 'Global Business Trends', 'description' => 'Bill Gates is once again the world’s richest person. The 57-year-old co-founder of Redmond, Washington-based Microsoft Corp.', 'sortorder' => '969', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 3 => array( 'Article' => array( 'id' => '1099', 'article_category_id' => '85', 'title' => 'Coca-Cola Goes Global With Anti-obesity Push', 'sub_title' => '', 'summary' => null, 'content' => '<p> </p> <p> Coca-Cola says it will work to make lower-calorie drinks and clear nutrition information more widely available around the world. The Atlanta-based company already offers diet drinks in most markets. But they're not always as readily available in emerging markets such as China as they are in the US.</p> <p> With sugary sodas coming under fire for fueling obesity rates, Coca-Cola Co. has been more aggressive in trying to convince customers its products can be part of a healthy lifestyle. </p> <p> A Coca-Cola spokesman says the goal is to have diet options available wherever regular versions are sold. But that doesn't mean there would be a diet alternative for every particular brand. For example, if a store in India sells Coke it might also offer Sprite Zero, which doesn't have any calories, to meet the goal. </p> <p> The company says it's also working to have cans and bottles around the world display calories counts on the front of the label. The company already does that in the United States. Earlier this year, it began airing its first TV commercial in the US addressing obesity. That ad has since been rolling out to other countries. (AP)</p>', 'published' => true, 'created' => '2013-06-08', 'modified' => '0000-00-00', 'keywords' => 'Global Business Trends', 'description' => 'Coca-Cola says it will work to make lower-calorie drinks and clear nutrition information more widely available around the world.', 'sortorder' => '968', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 4 => array( 'Article' => array( 'id' => '1097', 'article_category_id' => '85', 'title' => 'Sony Reports First Annual Profit In Five Years', 'sub_title' => '', 'summary' => null, 'content' => '<p> </p> <p> Sony has reported an annual profit for the first time in five years, boosted by a weakening yen and asset sales. The electronics giant made a net profit of 43bn yen ($436m; £280m) in the year to 31 March, reversing a loss of 457bn yen in the same period a year earlier. Sony said the yen’s recent fall, which makes Japanese goods cheaper for foreign buyers, had helped boost sales.</p> <p> A weak currency also boosts profits of Japanese exporters when they repatriate their foreign earnings back home. The Japanese currency has fallen more than 20% against the US dollar since November last year, after policy makers unveiled a series of aggressive measures aimed at spurring growth in the economy. The firm said it expected its profits to rise to 50bn yen in the current financial year.</p> <p> <strong>Asset Sales</strong></p> <p> Sony, once a market leader in various product categories, has seen its fortunes plummet over the past few years. Increased competition, falling prices and narrowing profit margins have hurt its business, especially in the TV segment which has been making a loss for the past eight years. As a result, Sony has been trying to restructure its business model and reduce its costs.</p> <p> As part of the restructuring process, the firm has sold key assets over the past few months, including its US headquarters in New York and some of its shares in M3, a medical research and marketing firm. The firm has also offloaded its “Sony City Osaki” building in Tokyo. Sony said the sale of all these assets had resulted in gains of nearly $2.5bn during the last financial year - and the figure contributed to the rise in its earnings during the period. (BBC)</p>', 'published' => true, 'created' => '2013-06-08', 'modified' => '2013-06-08', 'keywords' => 'Global Business Trends', 'description' => 'Sony has reported an annual profit for the first time in five years, boosted by a weakening yen and asset sales. The electronics giant made a net profit of 43bn yen ($436m; £280m) in the year to 31 March, reversing a loss of 457bn yen in the same period a year earlier.', 'sortorder' => '966', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 5 => array( 'Article' => array( 'id' => '1095', 'article_category_id' => '85', 'title' => 'FTZ In Shanghai May Challenge Hong Kong', 'sub_title' => '', 'summary' => null, 'content' => '<p> China’s largest metropolis and international business hub Shanghai plans to develop a free trade zone in one of its major commercial areas, posing a direct challenge to free port in commercial centre Hong Kong. The major driving force is a 10-year plan for Pudong, or the eastern part of Shanghai, that is grander and bolder than anything that has ever been conceived even by overly ambitious Shanghai officials, state-run China Daily reported today.</p> <p> The plan encompasses an area of 28 square kilometers, including Waigaoqiao Free Trade Zone, Yangshan Free Trade Port Area and Pudong Airport Comprehensive Free Trade Zone. The area is almost the same size as Macao, and its trade volume topped USD 100 billion last year, the highest on the mainland. In this area, a new economic order will be established with its own set of rules for commerce and finance. Indeed, the Shanghai free trade zone, as it is temporarily called, is set to have even more of an impact than other such entities in Shenzhen or Tianjin, the report said. The project, mapped out at the beginning of this year, is the first of its kind in China. Ready for submission to the State Council later this month for the official seal of approval, the project is expected to start operation in phases in the second half of this year at the earliest. Pudong’s attractiveness also include Disneyland project, which is set to be completed by 2015. </p> <p> <span style="font-size:10px;">(The Economic Times)</span></p>', 'published' => true, 'created' => '2013-06-08', 'modified' => '0000-00-00', 'keywords' => 'Global Business Trends, New Business Age, June 2013', 'description' => 'China’s largest metropolis and international business hub Shanghai plans to develop a free trade zone in one of its major commercial areas, posing a direct challenge to free port in commercial centre Hong Kong.', 'sortorder' => '964', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 6 => array( 'Article' => array( 'id' => '1094', 'article_category_id' => '50', 'title' => 'Revisiting Nepali Consumers', 'sub_title' => '', 'summary' => null, 'content' => '<p> </p> <p> Nepali market has growing tremendously over the last few years. This has helped create a fertile ground for high-end and branded products. This shows that high-end consumers are increasing in the market. Likewise, it is also true that people now have more options to choose from -- depending upon their purchasing capacity. However, it is also a fact that the gap between the rich and poor is also widening. This in the market scenario implies that the people around and below the poverty line are kept away from the growing market. Living in the same society, the market that is close to rich people becomes a distant land for them. It is also because the marketers target rich people at the cost of poor ones. It is more difficult for the middle class who neither can downgrade their lifestyle nor can afford an upgrade. Living with limited resources amid soaring prices, customers are always anxious about the future. For the working class, it is even more difficult as their income growth does not match the soaring inflation. Eventually beneficiaries of a growing market are sellers rather than the buyers.</p> <p> <strong>- Sahara Regmi, Pokhara</strong></p>', 'published' => true, 'created' => '2013-06-08', 'modified' => '0000-00-00', 'keywords' => 'Feedback, New Business Age, Opinion, June 2013', 'description' => 'Nepali market has growing tremendously over the last few years. This has helped create a fertile ground for high-end and branded products.', 'sortorder' => '963', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 7 => array( 'Article' => array( 'id' => '1093', 'article_category_id' => '50', 'title' => 'Consumer Behaviour', 'sub_title' => '', 'summary' => null, 'content' => '<p> The cover story regarding consumer behaviour was really interesting. As I am working for my Masters Degree thesis on consumer behaviour, the story was really helpful for me.</p> <p> <strong>- Manoj Kumar Sah, Kathmandu </strong></p> <div> </div>', 'published' => true, 'created' => '2013-06-08', 'modified' => '0000-00-00', 'keywords' => 'Feedback, June 2013, New Business Age', 'description' => 'The cover story regarding consumer behaviour was really interesting. As I am working for my Masters Degree thesis on consumer behaviour, the story was really helpful for me.', 'sortorder' => '962', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 8 => array( 'Article' => array( 'id' => '1092', 'article_category_id' => '50', 'title' => 'Small Things Make Large Difference', 'sub_title' => '', 'summary' => null, 'content' => '<p> Sometimes a simple statement or a small act leads to a series of unintended consequences. Many people fail to comprehend the fact that such unusual things may happen in our own lives. ‘Guilty Until Proven Innocent’ (May 2013) talks about those simple facts of life that need to be taken more seriously. We, certainly, have to respect others. Gender discrimination has been a problem in many parts of the world. Cases of violence against women are also being reported very frequently in Nepal. Heinous crimes should not be neglected and the culprits should face strict punishment. Above all, victims must get justice. </p> <p> We must all respect one another’s individuality, freedom and privacy. This must be developed as an ethics of every individual and these things are also guaranteed by the country’s law.</p> <p> <strong>- Kapil Parajuli, Bhaktapur</strong></p> <div> </div>', 'published' => true, 'created' => '2013-06-08', 'modified' => '0000-00-00', 'keywords' => 'Feedback, June 2013, New Business Age', 'description' => 'Sometimes a simple statement or a small act leads to a series of unintended consequences. Many people fail to comprehend the fact that such unusual things may happen in our own lives.', 'sortorder' => '961', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 9 => array( 'Article' => array( 'id' => '1091', 'article_category_id' => '50', 'title' => 'Wider Coverage', 'sub_title' => '', 'summary' => null, 'content' => '<p> I have been reading your magazine for all this year and found it to be interesting. It is always good to see that at least there is one good corporate magazine in Nepal. As readers, we are excited to know more about the buzz sectors all over Nepal. Most of the magazines are based in Kathmandu, Pokhara and Chitwan. Areas such as Biratnagar, Birgunj, Janakpur, Nepalgunj and others have a wide range of business activities. The Tarai area is the producer of bread and butter for the country. It will be interesting to see all corners of Nepal being covered rather than just the capital city.</p> <p> <strong>- Rima Shrestha, Via email</strong></p> <div> </div>', 'published' => true, 'created' => '2013-06-08', 'modified' => '2013-06-08', 'keywords' => 'Feedback, New Business Age, June 2013', 'description' => 'I have been reading your magazine for all this year and found it to be interesting. It is always good to see that at least there is one good corporate magazine in Nepal.', 'sortorder' => '960', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 10 => array( 'Article' => array( 'id' => '1090', 'article_category_id' => '50', 'title' => 'Guilty Until Proven Innocent!', 'sub_title' => '', 'summary' => null, 'content' => '<p> I went through the Buddha’s Delight column New Biz May 2013 ‘Guilty Until Proven Innocent’’. I am happy that the writer brought up an important issue in his column. We need to do away with our tendency to blame the victim of a crime. I am glad that the writer has shed light on a pressing issue, citing examples from the Mahabharata and the Ramayana. </p> <p> I agree with the writer that empowering women with more choices and freedom is crucial for a better society. Women really are the key to economic growth, social development and environmental sustainability. And for that, everyone in the society -- men or women -- should first change their mindsets. Like you said ‘Each one of us must redefine our thought process.’</p> <p> <strong>- Pratima Sharma, Budhanilkantha</strong></p> <p> </p>', 'published' => true, 'created' => '2013-06-08', 'modified' => '0000-00-00', 'keywords' => 'Feedback, New Business Age, June 2013', 'description' => 'I went through the Buddha’s Delight column New Biz May 2013 ‘Guilty Until Proven Innocent’’. I am happy that the writer brought up an important issue in his column.', 'sortorder' => '959', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 11 => array( 'Article' => array( 'id' => '1089', 'article_category_id' => '50', 'title' => 'Cult Brand', 'sub_title' => '', 'summary' => null, 'content' => '<p> </p> <p> I am currently studying Brand Management in Norwegian School of Economics. I came across the article titled ‘The KFC Legacy’ published in New Business Age through the Internet. Well, this might be little bit harsh, but I think this article is just history and advertisement of KFC, nothing much about the brand and its management. The writer said that the cult status earned by KFC can be credited to its logo. It’s not true. There are many other factors which contribute to gain cult status. Logo is a very small part of it. If you look at other cult brands like Apple or Harley Davidson, it is not just the about logo, it’s the culture, personality and some other factors which make them cult brands. And overall, I do not agree with you that KFC has cult status. We refer cult brands as those which have very strong community that defends the brand and often fans refuse to buy competitor brands. In the case of KFC, there is nothing like that. In developed countries, people go to KFC for tasty and cheap food and in country like ours, people go to KFC to have tasty food and to show off or impress their peers. There is nothing like people going to KFC are die-hard fans of KFC. Anyway that’s my point of view (maybe wrong) but I still wrote what I thought about. Hope to receive some answers or comments from the writer of the article. </p> <p> <strong>- Paras Jain</strong></p>', 'published' => true, 'created' => '2013-06-08', 'modified' => '2013-06-08', 'keywords' => 'Feedback, Opinion, New Business Age, June 2013', 'description' => 'I am currently studying Brand Management in Norwegian School of Economics. I came across the article titled ‘The KFC Legacy’ published in New Business Age through the Internet. Well, this might be little bit harsh, but I think this article is just history and advertisement of KFC, nothing much about the brand and its management.', 'sortorder' => '958', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 12 => array( 'Article' => array( 'id' => '1088', 'article_category_id' => '62', 'title' => 'Voices June 2013', 'sub_title' => '', 'summary' => null, 'content' => '<p> <strong><br /> </strong></p> <p> <strong>“Entrepreneurs should not be threatened to pay taxes.”</strong></p> <p> <em>Jagdish Prasad Rathi, Chairperson, Tax and Revenue Committee at Federation of Nepalese Chambers of Commerce and Industry (FNCCI) opines that business people and industrialists should be encouraged not threatened to pay taxes. </em></p> <p> </p> <p> <strong><img alt="Voices, Radhesh Pant" height="155" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/voices_radhesh_june2013.jpg" style="float:left; margin:0 10px 0 0;" width="130" /><br /> </strong></p> <p> <strong>“The private sector is not yet ready to invest in mega projects.”</strong></p> <p> <em>Radhesh Pant, Chief Executive of Investment Board opines that the Nepali private sector is not yet ready for investing in mega projects proposed by the board.</em></p> <p> </p> <p> </p> <p> </p> <p> <strong>“We are advocating <span style="font-size: 12px;">common standards across South Asia.”</span></strong></p> <p> <em>Vikramjit Singh Sahaney, President of SAARC Chamber of Commerce and Industry believes that all the commodities traded in the South Asia region should comply to a common standards and standard certificates honoured by all the countries in the region should be issued. </em></p> <p> </p> <p> <strong><img alt="Voices, Shankar Prasad Koirala" height="155" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/voices_shankar_june2013.jpg" style="float:left; margin:0 10px 0 0;" width="130" /><br /> </strong></p> <p> <strong>“Private sector support <span style="font-size: 12px;">is a must for the </span><span style="font-size: 12px;">full-fledged budget for </span><span style="font-size: 12px;">the next fiscal year.” </span></strong></p> <p> <em>Shankar Prasad Koirala, Finance Minister expects the full cooperation from the private sector to the government to bring a full-fledged budget for fiscal year 2013/14.</em></p> <p> <em><br /> </em></p> <p> <em><br /> </em></p> <p> <strong style="font-size: 12px;"><img alt="Voices, Gyan Chandra Acharya" height="158" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/voices_gyan_june2013.jpg" style="float:left; margin:0 10px 0 0;" width="130" /></strong></p> <p> <strong><br /> </strong></p> <p> <strong>“Nepal’s economic structure must be changed.”</strong></p> <p> <em>Gyan Chandra Acharya Under-Secretary-General and High Representative for the Least Developed Countries, Landlocked Developing Countries and Small Island Developing States at United Nations (UN) believes that the economic structure must be changed to achieve 7 per cent growth.</em></p> <p> </p> <p> </p> <p> <strong style="font-size: 12px;">“To achieve 7 per cent economic growth, private sector must be ensured with a favourable investment climate.”</strong></p> <p> <em>Bharat Mohan Adhikari, Former Finance Minister acknowledges the role of the private sector in achieving high economic growth.</em></p>', 'published' => true, 'created' => '2013-06-08', 'modified' => '2013-06-08', 'keywords' => 'Voices, Opinion, Words, personalities, Celebrities, New Business Age, June 2013', 'description' => '“Entrepreneurs should not be threatened to pay taxes.” - Jagdish Prasad Rathi', 'sortorder' => '957', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 13 => array( 'Article' => array( 'id' => '1087', 'article_category_id' => '60', 'title' => 'Qatar Airways Voted World’s Best Cabin Crew', 'sub_title' => '', 'summary' => null, 'content' => '<p> Qatar Airways has been honoured in Dubai with the Best Cabin Crew in the world award as voted by readers of the Middle East edition of the magazine Business Traveller. The Doha-based airline was voted ahead of neighbouring airlines for its five-star service to take the coveted award, presented at a ceremony held at the Address Hotel Dubai Marina. Guests from across the regional and global travel, tourism and hospitality industries attended the annual event. Qatar Airways Country Manager UAE Fadi Hijazin collected the award on behalf of the airline. </p> <p> Voting by readers of Business Traveller Middle East was based on the strength of the airline’s renowned in-flight service offered by its cabin crew to travellers. Qatar Airways Chief Executive Officer Akbar Al Baker said the latest award reflected the airline’s continued commitment to excellence. “On behalf of Qatar Airways, I would like to thank the readers of Business Traveller Middle East magazine and all who travel with us for once again giving their vote of confidence to us and strongly believing in our onboard service, hospitality and professionalism,” he said. </p> <p> Earlier this week, Qatar Airways had announced route expansions on three continents together with a huge increase in capacity in Pakistan. The Ethiopian capital of Addis Ababa will become the carrier’s 20th destination on the African continent, launching on September 18, followed a month later by Clark International Airport in the Philippines from October 28. Effective March 1 next year, Philadelphia will become the airline’s fifth US gateway. </p>', 'published' => true, 'created' => '2013-06-08', 'modified' => '2013-06-19', 'keywords' => 'Qatar Airways Voted World’s Best Cabin Crew, Qatar airways, qatar, airlines, aeroplane, travel, Tourism, New Business Age, June 2013', 'description' => 'Qatar Airways has been honoured in Dubai with the Best Cabin Crew in the world award as voted by readers of the Middle East edition of the magazine Business Traveller.', 'sortorder' => '956', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 14 => array( 'Article' => array( 'id' => '1086', 'article_category_id' => '60', 'title' => 'Etihad To Launch Daily Flights Between Abu Dhabi And Belgrade', 'sub_title' => '', 'summary' => null, 'content' => '<p> United Arab Emirates, will be commencing daily nonstop flights between its home base of Abu Dhabi and Belgrade, the capital of Serbia from June 15, 2013.JatAirways, Serbia’s national carrier, will place its JU code on the new service, as well as to 21 destinations on the Etihad Airways network. In return, Etihad Airways will place its EY code on 23 of JatAirways’ European flights.</p> <p> Etihad Airways will operate a two cabin Airbus A319 aircraft on the service between Abu Dhabi and Belgrade, configured to carry 106 passengers, with 16 seats in Pearl Business Class and 90 seats in Coral Economy Class. </p> <p> The announcement was made on April 15, at a media conference in Belgrade hosted by James Hogan, Etihad Airways’ President and Chief Executive Officer. “The launch of Etihad Airways’ flights between Abu Dhabi and Belgrade, and the partnership development with JatAirways, will cater for the significant and growing demand for air travel between the UAE and Serbia, as well as cities with large Serbian populations around the world, particularly in Australia and the US,” said Hogan at the event. </p> <p> As part of the codeshare agreement, subject to government and regulatory approval, JatAirways will place its JU code on Etihad Airways flights to Abu Dhabi and beyond to Bangkok, Beijing, Brisbane, Chengdu, Chicago, Colombo, Ho Chi Minh City, Islamabad, Johannesburg and Karachi among others.</p> <p> In return, subject to government and regulatory approval, Etihad Airways will place its EY code on JatAirways flights between Belgrade and Amsterdam, Athens, Berlin, Brussels, Copenhagen, Düsseldorf, Rome, Frankfurt, Gothenburg, Istanbul, Heathrow, Larnaca, Milan, Moscow and other cities.</p> <p> Belgrade will become the third of six new destinations to be served by Etihad Airways in 2013, following the launch in March of flights to Washington, DC, and in May to Amsterdam.Services will commence later this year to Sao Paulo, Brazil; Sana’a, Yemen; and Ho Chi Minh City, Vietnam.</p>', 'published' => true, 'created' => '2013-06-08', 'modified' => '2013-06-23', 'keywords' => 'Etihad To Launch Daily Flights Between Abu Dhabi And Belgrade, Civil Aviation, Airline, Fleet, Abu Dhabi, Belgrade, Aeroplane, Boing, travel, Tourism, New Business Age, June 2013', 'description' => 'The announcement was made on April 15, at a media conference in Belgrade hosted by James Hogan, Etihad Airways’ President and Chief Executive Officer.', 'sortorder' => '955', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ) ) $current_user = null $logged_in = false $xml = falseinclude - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
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$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '1103', 'article_category_id' => '34', 'title' => 'Banking Service Sans Bank Account Via E-Service Zone', 'sub_title' => '', 'summary' => null, 'content' => '<p> Leading Digital payment Service of Nepal, ‘Phone Pay’ has launched a service named ‘E-Service Zone’. “To spread the e-service facility to various regions of Nepal, this program has been launched,” said the Chief Managing Director, Asgar Ali. Ali said in the launching programme organised recently in Kathmandu, that the e-service zone will make the financial transaction system simpler. According to the company, one who doesn’t have bank account can also use the service.</p> <p> “One doesn’t need to be the member of a bank to use the e-service facility,” said Biswash Dhakal, Chairman of F1Soft. He said, “Anyone around the country can become the member of the service through our agents.” In past, one needed to be the bank member to use the service. </p> <p> Dhakal said that the service will help to make digital financial transaction system a success in Nepal. As an initial step, the company has appointed three super agents in Kathmandu and 100 agents all over Nepal. According to Ali, company has a plan to appoint one thousand agents all over Nepal within next two months. Agents will receive Rs 20 per person for subscribing customers of the service. Similarly, the same agent member will also get the ‘top-up recharge’ facility. </p> <p> “If the service fosters, nobody has to carry cash in their pocket,” said Dhakal. Consumers can enjoy facilities like money transaction, utility bill payment, mobile phone recharge, air ticket purchase, school fee payment etc through the e-service.</p>', 'published' => true, 'created' => '2013-06-08', 'modified' => '2013-06-08', 'keywords' => 'Banking Service sans Bank Account via E-Service Zone, Banking, biz news', 'description' => 'Leading Digital payment Service of Nepal, ‘Phone Pay’ has launched a service named ‘E-Service Zone’. “To spread the e-service facility to various regions of Nepal, this program has been launched,” said the Chief Managing Director, Asgar Ali.', 'sortorder' => '972', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 1 => array( 'Article' => array( 'id' => '1101', 'article_category_id' => '34', 'title' => 'Academicians On The BFI’s Board', 'sub_title' => '', 'summary' => null, 'content' => '<p> </p> <p> The central bank has allowed Professors and Readers of government owned universities to hold a position on board of financial institution. Issuing a circular, Nepal Rastra Bank (NRB) has stated that there is no prohibition on appointing professors and readers as a director in the governing board of any financial institution.</p> <p> Earlier, in February, the central bank had forbidden former government officials of any level and former full-time employees of public enterprises, government run schools or educational institutions from being appointed as board members of banks and financial institutions, unless they represented government agency in those boards. According to Nepal Rastra Bank those professionals who have obtained at least a master’s degree in management, banking, finance, money, economics, commerce, trade, administration, commercial law or who have an accounting or commercial law or a chartered accountancy degree and have at least five years of experience at the executive level in the banking and finance field can be considered to be appointed as professional directors.</p>', 'published' => true, 'created' => '2013-06-08', 'modified' => '0000-00-00', 'keywords' => 'Biz news, Academicians On The BFI’s Board', 'description' => 'The central bank has allowed Professors and Readers of government owned universities to hold a position on board of financial institution.', 'sortorder' => '970', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 2 => array( 'Article' => array( 'id' => '1100', 'article_category_id' => '85', 'title' => 'Bill Gates Becomes World’s Richest Man Again', 'sub_title' => '', 'summary' => null, 'content' => '<p> </p> <p> Bill Gates is once again the world’s richest person. The 57-year-old co-founder of Redmond, Washington-based Microsoft Corp. recaptured the title from Mexican investor Carlos Slim Thursday, according to the Bloomberg Billionaires Index, as the software maker hit a five-year high. It is the first time Gates has held the mantle since 2007. His fortune is valued at US$72.7 billion, up 16% year-to-date.</p> <p> Slim’s America Movil SAB, the largest mobile-phone operator in the Americas, has dropped 14% this year after Mexico’s Congress passed a bill that could quash the billionaire’s market dominance. That’s helped erase more than US$3 billion from the 73-year-old tycoon’s net worth. Slim's Net worth is now valued at US$ 72.10 billion.</p> <p> <strong>Microsoft Rally</strong></p> <p> Microsoft shares have surged 28% this year, buoyed by cost controls and sales of business and server software amid weak demand for personal computers running the new Windows 8 operating system. Gates’s fortune has also benefited from a rally in stock holdings that include the Canadian National Railway Co. and waste-collection company Republic Services Inc.</p> <p> <strong>Buffett, Ortega</strong></p> <p> Berkshire Hathaway Inc. chairman Warren Buffett is the world’s third-richest person with US$59.7 billion, according to the Bloomberg ranking. He is US$3.7 billion ahead of Spaniard Amancio Ortega, Europe’s wealthiest person. Ingvar Kamprad, the founder of IKEA, ranks fifth with a US$55.6 billion fortune. The world’s largest furniture retailer generated more than US$36 billion in revenue and US$4 billion in net income in 2012. Google Inc. co-founders Larry Page and Sergey Brin have seen their fortunes rise more than 22% year-to-date as shares of world’s most popular search provider have surged. They rank No. 18 and No. 19 respectively. (www.bloomberg.com)</p>', 'published' => true, 'created' => '2013-06-08', 'modified' => '2013-06-08', 'keywords' => 'Global Business Trends', 'description' => 'Bill Gates is once again the world’s richest person. The 57-year-old co-founder of Redmond, Washington-based Microsoft Corp.', 'sortorder' => '969', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 3 => array( 'Article' => array( 'id' => '1099', 'article_category_id' => '85', 'title' => 'Coca-Cola Goes Global With Anti-obesity Push', 'sub_title' => '', 'summary' => null, 'content' => '<p> </p> <p> Coca-Cola says it will work to make lower-calorie drinks and clear nutrition information more widely available around the world. The Atlanta-based company already offers diet drinks in most markets. But they're not always as readily available in emerging markets such as China as they are in the US.</p> <p> With sugary sodas coming under fire for fueling obesity rates, Coca-Cola Co. has been more aggressive in trying to convince customers its products can be part of a healthy lifestyle. </p> <p> A Coca-Cola spokesman says the goal is to have diet options available wherever regular versions are sold. But that doesn't mean there would be a diet alternative for every particular brand. For example, if a store in India sells Coke it might also offer Sprite Zero, which doesn't have any calories, to meet the goal. </p> <p> The company says it's also working to have cans and bottles around the world display calories counts on the front of the label. The company already does that in the United States. Earlier this year, it began airing its first TV commercial in the US addressing obesity. That ad has since been rolling out to other countries. (AP)</p>', 'published' => true, 'created' => '2013-06-08', 'modified' => '0000-00-00', 'keywords' => 'Global Business Trends', 'description' => 'Coca-Cola says it will work to make lower-calorie drinks and clear nutrition information more widely available around the world.', 'sortorder' => '968', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 4 => array( 'Article' => array( 'id' => '1097', 'article_category_id' => '85', 'title' => 'Sony Reports First Annual Profit In Five Years', 'sub_title' => '', 'summary' => null, 'content' => '<p> </p> <p> Sony has reported an annual profit for the first time in five years, boosted by a weakening yen and asset sales. The electronics giant made a net profit of 43bn yen ($436m; £280m) in the year to 31 March, reversing a loss of 457bn yen in the same period a year earlier. Sony said the yen’s recent fall, which makes Japanese goods cheaper for foreign buyers, had helped boost sales.</p> <p> A weak currency also boosts profits of Japanese exporters when they repatriate their foreign earnings back home. The Japanese currency has fallen more than 20% against the US dollar since November last year, after policy makers unveiled a series of aggressive measures aimed at spurring growth in the economy. The firm said it expected its profits to rise to 50bn yen in the current financial year.</p> <p> <strong>Asset Sales</strong></p> <p> Sony, once a market leader in various product categories, has seen its fortunes plummet over the past few years. Increased competition, falling prices and narrowing profit margins have hurt its business, especially in the TV segment which has been making a loss for the past eight years. As a result, Sony has been trying to restructure its business model and reduce its costs.</p> <p> As part of the restructuring process, the firm has sold key assets over the past few months, including its US headquarters in New York and some of its shares in M3, a medical research and marketing firm. The firm has also offloaded its “Sony City Osaki” building in Tokyo. Sony said the sale of all these assets had resulted in gains of nearly $2.5bn during the last financial year - and the figure contributed to the rise in its earnings during the period. (BBC)</p>', 'published' => true, 'created' => '2013-06-08', 'modified' => '2013-06-08', 'keywords' => 'Global Business Trends', 'description' => 'Sony has reported an annual profit for the first time in five years, boosted by a weakening yen and asset sales. The electronics giant made a net profit of 43bn yen ($436m; £280m) in the year to 31 March, reversing a loss of 457bn yen in the same period a year earlier.', 'sortorder' => '966', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 5 => array( 'Article' => array( 'id' => '1095', 'article_category_id' => '85', 'title' => 'FTZ In Shanghai May Challenge Hong Kong', 'sub_title' => '', 'summary' => null, 'content' => '<p> China’s largest metropolis and international business hub Shanghai plans to develop a free trade zone in one of its major commercial areas, posing a direct challenge to free port in commercial centre Hong Kong. The major driving force is a 10-year plan for Pudong, or the eastern part of Shanghai, that is grander and bolder than anything that has ever been conceived even by overly ambitious Shanghai officials, state-run China Daily reported today.</p> <p> The plan encompasses an area of 28 square kilometers, including Waigaoqiao Free Trade Zone, Yangshan Free Trade Port Area and Pudong Airport Comprehensive Free Trade Zone. The area is almost the same size as Macao, and its trade volume topped USD 100 billion last year, the highest on the mainland. In this area, a new economic order will be established with its own set of rules for commerce and finance. Indeed, the Shanghai free trade zone, as it is temporarily called, is set to have even more of an impact than other such entities in Shenzhen or Tianjin, the report said. The project, mapped out at the beginning of this year, is the first of its kind in China. Ready for submission to the State Council later this month for the official seal of approval, the project is expected to start operation in phases in the second half of this year at the earliest. Pudong’s attractiveness also include Disneyland project, which is set to be completed by 2015. </p> <p> <span style="font-size:10px;">(The Economic Times)</span></p>', 'published' => true, 'created' => '2013-06-08', 'modified' => '0000-00-00', 'keywords' => 'Global Business Trends, New Business Age, June 2013', 'description' => 'China’s largest metropolis and international business hub Shanghai plans to develop a free trade zone in one of its major commercial areas, posing a direct challenge to free port in commercial centre Hong Kong.', 'sortorder' => '964', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 6 => array( 'Article' => array( 'id' => '1094', 'article_category_id' => '50', 'title' => 'Revisiting Nepali Consumers', 'sub_title' => '', 'summary' => null, 'content' => '<p> </p> <p> Nepali market has growing tremendously over the last few years. This has helped create a fertile ground for high-end and branded products. This shows that high-end consumers are increasing in the market. Likewise, it is also true that people now have more options to choose from -- depending upon their purchasing capacity. However, it is also a fact that the gap between the rich and poor is also widening. This in the market scenario implies that the people around and below the poverty line are kept away from the growing market. Living in the same society, the market that is close to rich people becomes a distant land for them. It is also because the marketers target rich people at the cost of poor ones. It is more difficult for the middle class who neither can downgrade their lifestyle nor can afford an upgrade. Living with limited resources amid soaring prices, customers are always anxious about the future. For the working class, it is even more difficult as their income growth does not match the soaring inflation. Eventually beneficiaries of a growing market are sellers rather than the buyers.</p> <p> <strong>- Sahara Regmi, Pokhara</strong></p>', 'published' => true, 'created' => '2013-06-08', 'modified' => '0000-00-00', 'keywords' => 'Feedback, New Business Age, Opinion, June 2013', 'description' => 'Nepali market has growing tremendously over the last few years. This has helped create a fertile ground for high-end and branded products.', 'sortorder' => '963', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 7 => array( 'Article' => array( 'id' => '1093', 'article_category_id' => '50', 'title' => 'Consumer Behaviour', 'sub_title' => '', 'summary' => null, 'content' => '<p> The cover story regarding consumer behaviour was really interesting. As I am working for my Masters Degree thesis on consumer behaviour, the story was really helpful for me.</p> <p> <strong>- Manoj Kumar Sah, Kathmandu </strong></p> <div> </div>', 'published' => true, 'created' => '2013-06-08', 'modified' => '0000-00-00', 'keywords' => 'Feedback, June 2013, New Business Age', 'description' => 'The cover story regarding consumer behaviour was really interesting. As I am working for my Masters Degree thesis on consumer behaviour, the story was really helpful for me.', 'sortorder' => '962', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 8 => array( 'Article' => array( 'id' => '1092', 'article_category_id' => '50', 'title' => 'Small Things Make Large Difference', 'sub_title' => '', 'summary' => null, 'content' => '<p> Sometimes a simple statement or a small act leads to a series of unintended consequences. Many people fail to comprehend the fact that such unusual things may happen in our own lives. ‘Guilty Until Proven Innocent’ (May 2013) talks about those simple facts of life that need to be taken more seriously. We, certainly, have to respect others. Gender discrimination has been a problem in many parts of the world. Cases of violence against women are also being reported very frequently in Nepal. Heinous crimes should not be neglected and the culprits should face strict punishment. Above all, victims must get justice. </p> <p> We must all respect one another’s individuality, freedom and privacy. This must be developed as an ethics of every individual and these things are also guaranteed by the country’s law.</p> <p> <strong>- Kapil Parajuli, Bhaktapur</strong></p> <div> </div>', 'published' => true, 'created' => '2013-06-08', 'modified' => '0000-00-00', 'keywords' => 'Feedback, June 2013, New Business Age', 'description' => 'Sometimes a simple statement or a small act leads to a series of unintended consequences. Many people fail to comprehend the fact that such unusual things may happen in our own lives.', 'sortorder' => '961', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 9 => array( 'Article' => array( 'id' => '1091', 'article_category_id' => '50', 'title' => 'Wider Coverage', 'sub_title' => '', 'summary' => null, 'content' => '<p> I have been reading your magazine for all this year and found it to be interesting. It is always good to see that at least there is one good corporate magazine in Nepal. As readers, we are excited to know more about the buzz sectors all over Nepal. Most of the magazines are based in Kathmandu, Pokhara and Chitwan. Areas such as Biratnagar, Birgunj, Janakpur, Nepalgunj and others have a wide range of business activities. The Tarai area is the producer of bread and butter for the country. It will be interesting to see all corners of Nepal being covered rather than just the capital city.</p> <p> <strong>- Rima Shrestha, Via email</strong></p> <div> </div>', 'published' => true, 'created' => '2013-06-08', 'modified' => '2013-06-08', 'keywords' => 'Feedback, New Business Age, June 2013', 'description' => 'I have been reading your magazine for all this year and found it to be interesting. It is always good to see that at least there is one good corporate magazine in Nepal.', 'sortorder' => '960', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 10 => array( 'Article' => array( 'id' => '1090', 'article_category_id' => '50', 'title' => 'Guilty Until Proven Innocent!', 'sub_title' => '', 'summary' => null, 'content' => '<p> I went through the Buddha’s Delight column New Biz May 2013 ‘Guilty Until Proven Innocent’’. I am happy that the writer brought up an important issue in his column. We need to do away with our tendency to blame the victim of a crime. I am glad that the writer has shed light on a pressing issue, citing examples from the Mahabharata and the Ramayana. </p> <p> I agree with the writer that empowering women with more choices and freedom is crucial for a better society. Women really are the key to economic growth, social development and environmental sustainability. And for that, everyone in the society -- men or women -- should first change their mindsets. Like you said ‘Each one of us must redefine our thought process.’</p> <p> <strong>- Pratima Sharma, Budhanilkantha</strong></p> <p> </p>', 'published' => true, 'created' => '2013-06-08', 'modified' => '0000-00-00', 'keywords' => 'Feedback, New Business Age, June 2013', 'description' => 'I went through the Buddha’s Delight column New Biz May 2013 ‘Guilty Until Proven Innocent’’. I am happy that the writer brought up an important issue in his column.', 'sortorder' => '959', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 11 => array( 'Article' => array( 'id' => '1089', 'article_category_id' => '50', 'title' => 'Cult Brand', 'sub_title' => '', 'summary' => null, 'content' => '<p> </p> <p> I am currently studying Brand Management in Norwegian School of Economics. I came across the article titled ‘The KFC Legacy’ published in New Business Age through the Internet. Well, this might be little bit harsh, but I think this article is just history and advertisement of KFC, nothing much about the brand and its management. The writer said that the cult status earned by KFC can be credited to its logo. It’s not true. There are many other factors which contribute to gain cult status. Logo is a very small part of it. If you look at other cult brands like Apple or Harley Davidson, it is not just the about logo, it’s the culture, personality and some other factors which make them cult brands. And overall, I do not agree with you that KFC has cult status. We refer cult brands as those which have very strong community that defends the brand and often fans refuse to buy competitor brands. In the case of KFC, there is nothing like that. In developed countries, people go to KFC for tasty and cheap food and in country like ours, people go to KFC to have tasty food and to show off or impress their peers. There is nothing like people going to KFC are die-hard fans of KFC. Anyway that’s my point of view (maybe wrong) but I still wrote what I thought about. Hope to receive some answers or comments from the writer of the article. </p> <p> <strong>- Paras Jain</strong></p>', 'published' => true, 'created' => '2013-06-08', 'modified' => '2013-06-08', 'keywords' => 'Feedback, Opinion, New Business Age, June 2013', 'description' => 'I am currently studying Brand Management in Norwegian School of Economics. I came across the article titled ‘The KFC Legacy’ published in New Business Age through the Internet. Well, this might be little bit harsh, but I think this article is just history and advertisement of KFC, nothing much about the brand and its management.', 'sortorder' => '958', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 12 => array( 'Article' => array( 'id' => '1088', 'article_category_id' => '62', 'title' => 'Voices June 2013', 'sub_title' => '', 'summary' => null, 'content' => '<p> <strong><br /> </strong></p> <p> <strong>“Entrepreneurs should not be threatened to pay taxes.”</strong></p> <p> <em>Jagdish Prasad Rathi, Chairperson, Tax and Revenue Committee at Federation of Nepalese Chambers of Commerce and Industry (FNCCI) opines that business people and industrialists should be encouraged not threatened to pay taxes. </em></p> <p> </p> <p> <strong><img alt="Voices, Radhesh Pant" height="155" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/voices_radhesh_june2013.jpg" style="float:left; margin:0 10px 0 0;" width="130" /><br /> </strong></p> <p> <strong>“The private sector is not yet ready to invest in mega projects.”</strong></p> <p> <em>Radhesh Pant, Chief Executive of Investment Board opines that the Nepali private sector is not yet ready for investing in mega projects proposed by the board.</em></p> <p> </p> <p> </p> <p> </p> <p> <strong>“We are advocating <span style="font-size: 12px;">common standards across South Asia.”</span></strong></p> <p> <em>Vikramjit Singh Sahaney, President of SAARC Chamber of Commerce and Industry believes that all the commodities traded in the South Asia region should comply to a common standards and standard certificates honoured by all the countries in the region should be issued. </em></p> <p> </p> <p> <strong><img alt="Voices, Shankar Prasad Koirala" height="155" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/voices_shankar_june2013.jpg" style="float:left; margin:0 10px 0 0;" width="130" /><br /> </strong></p> <p> <strong>“Private sector support <span style="font-size: 12px;">is a must for the </span><span style="font-size: 12px;">full-fledged budget for </span><span style="font-size: 12px;">the next fiscal year.” </span></strong></p> <p> <em>Shankar Prasad Koirala, Finance Minister expects the full cooperation from the private sector to the government to bring a full-fledged budget for fiscal year 2013/14.</em></p> <p> <em><br /> </em></p> <p> <em><br /> </em></p> <p> <strong style="font-size: 12px;"><img alt="Voices, Gyan Chandra Acharya" height="158" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/voices_gyan_june2013.jpg" style="float:left; margin:0 10px 0 0;" width="130" /></strong></p> <p> <strong><br /> </strong></p> <p> <strong>“Nepal’s economic structure must be changed.”</strong></p> <p> <em>Gyan Chandra Acharya Under-Secretary-General and High Representative for the Least Developed Countries, Landlocked Developing Countries and Small Island Developing States at United Nations (UN) believes that the economic structure must be changed to achieve 7 per cent growth.</em></p> <p> </p> <p> </p> <p> <strong style="font-size: 12px;">“To achieve 7 per cent economic growth, private sector must be ensured with a favourable investment climate.”</strong></p> <p> <em>Bharat Mohan Adhikari, Former Finance Minister acknowledges the role of the private sector in achieving high economic growth.</em></p>', 'published' => true, 'created' => '2013-06-08', 'modified' => '2013-06-08', 'keywords' => 'Voices, Opinion, Words, personalities, Celebrities, New Business Age, June 2013', 'description' => '“Entrepreneurs should not be threatened to pay taxes.” - Jagdish Prasad Rathi', 'sortorder' => '957', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 13 => array( 'Article' => array( 'id' => '1087', 'article_category_id' => '60', 'title' => 'Qatar Airways Voted World’s Best Cabin Crew', 'sub_title' => '', 'summary' => null, 'content' => '<p> Qatar Airways has been honoured in Dubai with the Best Cabin Crew in the world award as voted by readers of the Middle East edition of the magazine Business Traveller. The Doha-based airline was voted ahead of neighbouring airlines for its five-star service to take the coveted award, presented at a ceremony held at the Address Hotel Dubai Marina. Guests from across the regional and global travel, tourism and hospitality industries attended the annual event. Qatar Airways Country Manager UAE Fadi Hijazin collected the award on behalf of the airline. </p> <p> Voting by readers of Business Traveller Middle East was based on the strength of the airline’s renowned in-flight service offered by its cabin crew to travellers. Qatar Airways Chief Executive Officer Akbar Al Baker said the latest award reflected the airline’s continued commitment to excellence. “On behalf of Qatar Airways, I would like to thank the readers of Business Traveller Middle East magazine and all who travel with us for once again giving their vote of confidence to us and strongly believing in our onboard service, hospitality and professionalism,” he said. </p> <p> Earlier this week, Qatar Airways had announced route expansions on three continents together with a huge increase in capacity in Pakistan. The Ethiopian capital of Addis Ababa will become the carrier’s 20th destination on the African continent, launching on September 18, followed a month later by Clark International Airport in the Philippines from October 28. Effective March 1 next year, Philadelphia will become the airline’s fifth US gateway. </p>', 'published' => true, 'created' => '2013-06-08', 'modified' => '2013-06-19', 'keywords' => 'Qatar Airways Voted World’s Best Cabin Crew, Qatar airways, qatar, airlines, aeroplane, travel, Tourism, New Business Age, June 2013', 'description' => 'Qatar Airways has been honoured in Dubai with the Best Cabin Crew in the world award as voted by readers of the Middle East edition of the magazine Business Traveller.', 'sortorder' => '956', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 14 => array( 'Article' => array( 'id' => '1086', 'article_category_id' => '60', 'title' => 'Etihad To Launch Daily Flights Between Abu Dhabi And Belgrade', 'sub_title' => '', 'summary' => null, 'content' => '<p> United Arab Emirates, will be commencing daily nonstop flights between its home base of Abu Dhabi and Belgrade, the capital of Serbia from June 15, 2013.JatAirways, Serbia’s national carrier, will place its JU code on the new service, as well as to 21 destinations on the Etihad Airways network. In return, Etihad Airways will place its EY code on 23 of JatAirways’ European flights.</p> <p> Etihad Airways will operate a two cabin Airbus A319 aircraft on the service between Abu Dhabi and Belgrade, configured to carry 106 passengers, with 16 seats in Pearl Business Class and 90 seats in Coral Economy Class. </p> <p> The announcement was made on April 15, at a media conference in Belgrade hosted by James Hogan, Etihad Airways’ President and Chief Executive Officer. “The launch of Etihad Airways’ flights between Abu Dhabi and Belgrade, and the partnership development with JatAirways, will cater for the significant and growing demand for air travel between the UAE and Serbia, as well as cities with large Serbian populations around the world, particularly in Australia and the US,” said Hogan at the event. </p> <p> As part of the codeshare agreement, subject to government and regulatory approval, JatAirways will place its JU code on Etihad Airways flights to Abu Dhabi and beyond to Bangkok, Beijing, Brisbane, Chengdu, Chicago, Colombo, Ho Chi Minh City, Islamabad, Johannesburg and Karachi among others.</p> <p> In return, subject to government and regulatory approval, Etihad Airways will place its EY code on JatAirways flights between Belgrade and Amsterdam, Athens, Berlin, Brussels, Copenhagen, Düsseldorf, Rome, Frankfurt, Gothenburg, Istanbul, Heathrow, Larnaca, Milan, Moscow and other cities.</p> <p> Belgrade will become the third of six new destinations to be served by Etihad Airways in 2013, following the launch in March of flights to Washington, DC, and in May to Amsterdam.Services will commence later this year to Sao Paulo, Brazil; Sana’a, Yemen; and Ho Chi Minh City, Vietnam.</p>', 'published' => true, 'created' => '2013-06-08', 'modified' => '2013-06-23', 'keywords' => 'Etihad To Launch Daily Flights Between Abu Dhabi And Belgrade, Civil Aviation, Airline, Fleet, Abu Dhabi, Belgrade, Aeroplane, Boing, travel, Tourism, New Business Age, June 2013', 'description' => 'The announcement was made on April 15, at a media conference in Belgrade hosted by James Hogan, Etihad Airways’ President and Chief Executive Officer.', 'sortorder' => '955', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ) ) $current_user = null $logged_in = false $xml = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Currency | Unit |
Buy | Sell |
U.S. Dollar | 1 | 121.23 | 121.83 |
European Euro | 1 | 131.65 | 132.31 |
UK Pound Sterling | 1 | 142.47 | 143.18 |
Swiss Franc | 1 | 124.29 | 124.90 |
Australian Dollar | 1 | 71.69 | 72.05 |
Canadian Dollar | 1 | 83.90 | 84.32 |
Japanese Yen | 10 | 10.94 | 11.00 |
Chinese Yuan | 1 | 17.17 | 17.26 |
Saudi Arabian Riyal | 1 | 32.27 | 32.43 |
UAE Dirham | 1 | 33.01 | 33.17 |
Malaysian Ringgit | 1 | 27.36 | 27.50 |
South Korean Won | 100 | 9.77 | 9.82 |
Update: 2020-03-25 | Source: Nepal Rastra Bank (NRB)
Fine Gold | 1 tola | 77000.00 |
Tejabi Gold | 1 tola | 76700.00 |
Silver | 1 tola | 720.00 |
Update : 2020-03-25
Source: Federation of Nepal Gold and Silver Dealers' Association
Petrol | 1 Liter | 106.00 |
Diesel | 1 Liter | 95.00 |
Kerosene | 1 Liter | 95.00 |
LP Gas | 1 Cylinder | 1375.00 |
Update : 2020-03-25