Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 60]
Code Context
//    $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/indexdata.xml';



    if(!$xml = simplexml_load_file($file)){
$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
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			'id' => '836',
			'article_category_id' => '56',
			'title' => 'Him Electronics Pvt Ltd',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img align="left" alt="Him Electronics Pvt Ltd" height="218" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/him_electronics.jpg" style="margin: 0 10px 0 0;" width="350" /></p>
<p style="text-align: justify;">
	Him Electronics Pvt Ltd has launched a new range of Himstar electric room heaters with added features to the existing models. These halogen heaters are noise-free and make use of three heating settings for better heating. According to the company, the heater distributes uniform temperature across the room where it is operated. There is also a safety switch that turns off automatically when hanged.</p>
<p style="text-align: justify;">
	 </p>
<p style="text-align: justify;">
	 </p>',
			'published' => true,
			'created' => '2013-03-15',
			'modified' => '2013-03-15',
			'keywords' => '',
			'description' => 'Him Electronics Pvt Ltd has launched a new range of Himstar electric room heaters with added features to the existing models.',
			'sortorder' => '727',
			'image' => null,
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			'id' => '837',
			'article_category_id' => '56',
			'title' => 'Nokia Has Launched Nokia Lumia 510',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p style="text-align: justify;">
	<img align="left" alt="" height="192" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/Nokia_Lumia_510.jpg" style="margin:0 10px 0 0;" width="300" />Nokia has launched Nokia Lumia 510, an entry-level Smartphone in the market. The phone has a 4-inch display and it runs on Windows Phone 7.8. It is powered by a single-core 800 MHz Qualcomm Snapdragon S1 processor with a 3D Graphics HW accelerator, and has 256 MB of RAM. Other features include a 5 megapixel autofocus camera, HSDPA and GSM connectivity, Wi-Fi 3.5mm audio out, GPS, an accelerometer, and proximity and ambient light sensors. It comes with pre-installed Nokia apps including Camera Extras, Nokia Maps, Nokia Drive and Nokia Music.</p>',
			'published' => true,
			'created' => '2013-03-15',
			'modified' => '2013-05-24',
			'keywords' => '',
			'description' => 'Nokia has launched Nokia Lumia 510, an entry-level Smartphone in the market.',
			'sortorder' => '726',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
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			'id' => '841',
			'article_category_id' => '56',
			'title' => 'Colors Mobile Colors X1',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img align="left" alt="" height="209" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/colors_mobile.jpg" style="margin:0 10px 0 0;" width="120" /></p>
<p style="text-align: justify;">
	Colors Mobile has launched a new touch phone named Colors X1. According to the company, this is the most affordable feature-packed mobile handset in its category. The phone comes with a 2.8” resistive touch screen with features like analog TV, unique user interface, MP3/MP4 player, 1000 mAh battery, wireless FM and JAVA. There is one year warranty on the mobile handset and six months warranty on the battery and charger.</p>
<div>
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<div>
	 </div>
<div>
	 </div>
<div>
	 </div>
<div>
	 </div>
<div>
	 </div>',
			'published' => true,
			'created' => '2013-03-15',
			'modified' => '2013-05-24',
			'keywords' => '',
			'description' => 'Colors Mobile has launched a new touch phone named Colors X1.',
			'sortorder' => '725',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
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		'Article' => array(
			'id' => '840',
			'article_category_id' => '56',
			'title' => 'Colors Mobile Launched A New Phone',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img align="left" alt="" height="241" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/colors_mobileF14.jpg" style="margin: 0px 20px 0px 0px;" width="100" /></p>
<p style="text-align: justify;">
	Colors Mobile has launched a new phone F-14 in its Fighter series. It is a dual SIM phone with dual standby and has features like a big speaker, Bluetooth, FM radio, 1.3 MP Camera, audio and video players and expandable memory. The company claims that the phone is useful in &nbsp;load shedding hours as it has a big battery that lasts longer.&nbsp;</p>
<div>
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<div>
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<div>
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<div>
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<div>
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<div>
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<div>
	 </div>
<div>
	 </div>
<div>
	 </div>',
			'published' => true,
			'created' => '2013-03-15',
			'modified' => '2013-05-24',
			'keywords' => '',
			'description' => 'Colors Mobile has launched a new phone F-14 in its Fighter series.',
			'sortorder' => '724',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '838',
			'article_category_id' => '56',
			'title' => 'Syakar Trading Company Pvt Ltd',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p style="text-align: justify;">
	<img alt="Syakar Trading Company" height="91" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/syakar_trading.jpg" width="400" /></p>
<p style="text-align: justify;">
	Syakar Trading Company Pvt Ltd, the exclusive distributor of Honda generators and power products for Nepal, has announced a scratch card scheme targeted to benefit business and household this winter. The scheme is named “Honda Scratch Card offer” under which purchase of any Honda power products or generators will entitle the buyer a scratch card. Each scratch card holds instant cash prizes ranging from Rs 1000 to Rs 100,000.</p>',
			'published' => true,
			'created' => '2013-03-15',
			'modified' => '2013-05-24',
			'keywords' => '',
			'description' => 'Syakar Trading Company Pvt Ltd, the exclusive distributor of Honda generators and power products for Nepal, has announced a scratch card scheme targeted to benefit business and household this winter.',
			'sortorder' => '723',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
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	(int) 5 => array(
		'Article' => array(
			'id' => '839',
			'article_category_id' => '56',
			'title' => 'Kelvinator Washing Machines',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img align="left" alt="Kelvinator Washing Machines " height="231" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/machine_6kg.jpg" style="margin:0 10px 0 0;" width="150" /></p>
<p style="text-align: justify;">
	The authorized distributor for Kelvinator brand in Nepal, EOL Pvt Ltd has introduced two new models of Kelvinator Washing Machines namely WMKT6012RGFAU (6 KG) and WMKT6512RGFAU (6.5 KG). These washing machines have features like eight wash programmes, child lock, memory backup, auto balancing, auto error detection and auto off, among others. These washing machines are available at Rs 23,790 and Rs 26,790 respectively.</p>
<p style="text-align: justify;">
	 </p>
<p style="text-align: justify;">
	 </p>
<p style="text-align: justify;">
	 </p>
<p style="text-align: justify;">
	 </p>',
			'published' => true,
			'created' => '2013-03-15',
			'modified' => '2013-05-24',
			'keywords' => '',
			'description' => 'The authorized distributor for Kelvinator brand in Nepal, EOL Pvt Ltd has introduced two new models of Kelvinator Washing Machines.',
			'sortorder' => '722',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
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		'Article' => array(
			'id' => '835',
			'article_category_id' => '34',
			'title' => 'Ncell To Introduce Recharge Through Kiosks',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img align="left" alt="Ncell Recharge" height="413" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/ncell_recharge(1).jpg" style="text-align: justify; margin: 0px 10px 10px 0px;" width="230" /></p>
<p style="text-align: justify;">
	Ncell is going to introduce a new facility that will enable its customers to recharge balances through kiosk machines. According to the company, Ncell customers can top-up their balance themselves by inserting bank notes of Rs 20 denomination or above in the inlet of kiosks.&nbsp;</p>
<p style="text-align: justify;">
	“The customers can recharge whatever amount they are comfortable with, starting from Rs 20, by inserting appropriate bank notes,” reads the official press statement.</p>
<p style="text-align: justify;">
	Ncell plans to install the facility first in the Kathmandu Valley, and expand it outside later. The company plans to install 40 kiosks in different parts of the valley in the initial phase.“Recharge Kiosks will be the first facility of its kind in Nepal. They will ease and empower the customers greatly. Hence, we feel glad for being able to serve the customers in a new way,” said Sanju Koirala, Corporate Communication Director at Ncell.</p>
<p style="text-align: justify;">
	According to the company, once the new facility is introduced, the customers will not need to rely on recharge cards alone to top up the balance. It will also assure that the customers get full recharge for the money they pay at maximum retail price (MRP).To recharge via kiosks, Ncell customers would first need to choose the language (‘Nepali’ or ‘English’), then select Ncell (the service provider’s name) displayed on the screen and enter the 10-digit mobile number they wish to recharge.</p>',
			'published' => true,
			'created' => '2013-03-15',
			'modified' => '2013-05-24',
			'keywords' => '',
			'description' => 'Ncell is going to introduce a new facility that will enable its customers to recharge balances through kiosk machines.',
			'sortorder' => '721',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '834',
			'article_category_id' => '34',
			'title' => 'Samsung Mobile Expo Concludes',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img align="" alt="Samsung Mobile Expo" height="308" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/samsung_mobileExpo.jpg" style="margin:0 0 10px 10px;" width="500" /></p>
<p style="text-align: justify;">
	Samsung Mobile Expo 2013 concluded on January 29 registering a turnover of Rs 100 million during the weeklong exhibition held at Civil Mall, Sudhara. According to the organisers, some 230,000 visitors attended the expo.&nbsp;</p>
<p style="text-align: justify;">
	More than 25 mobile companies participated in the expo showcasing their products in over 62 stalls. According to Purushottam Basnet, President of Mobile Traders Association of Nepal – the organiser- the expo themed ‘Sanchar nai sansar’ was successful, because of the overwhelming response from the visitors.&nbsp;</p>
<p style="text-align: justify;">
	The expo marked the presence of brands such as Samsung, Nokia, Carbon, LG, Spice, Colors, and Sony, among others. The expo was a perfect destination to see and understand the latest technologies in the mobile phone industry and purchase gadgets like smartphones and tablets. Exhibitors also offered attractive offers, including discounts, on the purchases. Various attractive gift hampers were also given away as the door prize for the visitors.&nbsp;</p>',
			'published' => true,
			'created' => '2013-03-15',
			'modified' => '2013-03-15',
			'keywords' => '',
			'description' => 'Samsung Mobile Expo 2013 concluded on January 29 registering a turnover of Rs 100 million during the weeklong exhibition held at Civil Mall, Sudhara.',
			'sortorder' => '720',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
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	),
	(int) 8 => array(
		'Article' => array(
			'id' => '833',
			'article_category_id' => '34',
			'title' => 'Tourist Arrivals Decline After 3.5 Years',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p style="text-align: justify;">
	Tourist arrivals for January witnessed a sharp slump compared to the same month of 2012. According to the figures released by the Immigration Office, Tribhuvan International Airport (TIA), the tourist arrivals reached 35,330 with a 15.9 per cent decline in January this year compared to the same month last year.</p>
<p style="text-align: justify;">
	According to the official press statement issued by Nepal Tourism Board (NTB), major source markets have recorded negative growths in tourist arrivals in the first month of 2013. “In the SAARC region, only Pakistan has recorded a positive growth of 5.8 per cent. India which constitutes the major market of Nepal, has recorded a negative growth of 26.1 per cent. Arrivals from Bangladesh and Sri Lanka have also registered negative a growth by 62.6 per cent and 42.6 per cent respectively,” reads the statement.</p>
<p style="text-align: justify;">
	Tourist arrivals from other Asian countries have also registered a negative growth of 16.4 per cent on average. According to NTB, tourist arrivals from China have decreased by a whopping 40.3 per cent whereas the arrivals from Japan, Singapore, Thailand, Malaysia and South Korea have increased by 16.8, 10.3, 4.3, 42.6 and 11.2 per cent respectively.</p>
<p style="text-align: justify;">
	An overall negative growth of 15 per cent has been observed from the European market while tourist arrivals from Australia, New Zealand and the USA have registered growths of 27.3, 25, and 13 per cent respectively. A negative growth of 27.4 per cent has been recorded from Canada in January 2013 compared to January 2012, says the press release.</p>
<p style="text-align: justify;">
	A total of 45,667 foreign tourists departed from TIA in January 2013. The number of Nepali arrivals stood at 69,442 while 91,281 Nepalis departed from TIA in January 2013.</p>
<div style="text-align: justify;">
	 </div>',
			'published' => true,
			'created' => '2013-03-15',
			'modified' => '2013-05-24',
			'keywords' => '',
			'description' => 'Major source markets have recorded negative growths in tourist arrivals in the first month of 2013. India which constitutes the major market of Nepal, has recorded a negative growth of 26.1 per cent.',
			'sortorder' => '719',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
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	),
	(int) 9 => array(
		'Article' => array(
			'id' => '828',
			'article_category_id' => '65',
			'title' => 'IFC Suggestions For Favourable Investment Climate',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p style="text-align: justify;">
	<span style="text-align: justify;">The SouthAsia Enterprise Development Facility (SEDF) under the International Financial Corporation (IFC) has proposed improvements in five sectors to improve Nepal’s business environment. &nbsp;SEDF has suggested that immediate steps be taken in five different areas for enhancing the business environment of Nepal. These five different areas are namely, beginning of business and competition, financial infrastructure, operating a business, rights over land and property, and business closure.</span></p>
<p style="text-align: justify;">
	SEDF proposed a 56-point suggestion for improving the business environment during a workshop organised in Kathmandu on January 24. The suggestions were presented among the concerned stakeholders. Representatives from the government, IFC and the private sector were present in the seminar.&nbsp;</p>
<p style="text-align: justify;">
	Presenting a working paper, analyst Shyam Krishna Shrestha said that the suggestions were prioritised for sectors where Nepal failed to prove on the Doing Business Index. &nbsp;Nepal was listed on 108th position out of 185 countries on Doing Business Index 2013. According to the report Nepal falls on fourth country among eight countries of South Asia.</p>
<p style="text-align: justify;">
	Similarly, a report on economic freedom has ranked Nepal 147th out of 179 countries. Similarly, Nepal is ranked 125th out of 144 countries on the Global Competitive Index 2013 (GCI). Likewise, Nepal ranks fifth out of five South Asian countries listed on the GCI and sixth among seven countries listed on the economic freedom index.</p>
<p style="text-align: justify;">
	Incumbent Registrar Toya Nath Adhikari said that starting up and closing down a business is still tough in Nepal. He said that because of this reason almost two-thirds of the companies registered at the Company Registrar’s Office (CRO) are inactive. He expected that when the CRO’s services are made available online the situation can improve. “Prudent services can be provided when the provision of digital signature is in place.”</p>
<div style="text-align: justify;">
	 </div>',
			'published' => true,
			'created' => '2013-03-15',
			'modified' => '2013-03-15',
			'keywords' => '',
			'description' => 'The SouthAsia Enterprise Development Facility (SEDF) under the International Financial Corporation (IFC) has proposed improvements in five sectors to improve Nepal’s business environment.  SEDF has suggested that immediate steps be taken in five different areas for enhancing the business environment of Nepal.',
			'sortorder' => '718',
			'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' => '832',
			'article_category_id' => '65',
			'title' => 'Fifty Percent Compulsory For Domestic Goods',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p style="text-align: justify;">
	“The government is trying to introduce new reforms to make it mandatory for the public sector to use at least 50 per cent Nepali products,” said Krishna Hari Baskota, Secretary at the Office of the Prime minister and the Council of Ministers. He said, ”We are going to introduce such reforms to increase the consumption of domestically produced goods, decrease the losses of domestic industries and promote Nepali products.”&nbsp;</p>
<p style="text-align: justify;">
	This reform will make it mandatory for government offices to use &nbsp;Nepali stationary goods, raw material for clothes, caps, leather belts and shoes, medicines, furniture as well as construction materials such as cement, bricks and electronic appliances, as far as available. Together with this, gift products, foods and beverages should be consumed by the public sector as chosen by the government.&nbsp;</p>
<p style="text-align: justify;">
	“Although the imported goods may be 15 per cent expensive and compete with quality, domestic products must be promoted”, said Krishna Gyanwali, secretary at the Ministry of Industry.&nbsp;</p>
<p style="text-align: justify;">
	FNCCI Vice President, Bhawani Rana says that the reform to be introduced by the government is most welcome. “Although FNCCI has been demanding the public sector and the corporate houses to use domestic products, it has not been successful. If this proposal is implemented, the domestic industries are going to prosper,” she said. The proposal mentions that the reason behind the slow growth of domestic industries is not using their products by the government citing that they are expensive than their imported counterparts. The reform proposal has already been prepared by the Ministry of Industry and will soon be submitted to the Office of the Prime Minister and Council of Ministers.&nbsp;</p>',
			'published' => true,
			'created' => '2013-03-15',
			'modified' => '2013-03-15',
			'keywords' => '',
			'description' => 'Although FNCCI has been demanding the public sector and the  corporate houses to use domestic products, it has not been successful.',
			'sortorder' => '717',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
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			'user_id' => '0'
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	),
	(int) 11 => array(
		'Article' => array(
			'id' => '831',
			'article_category_id' => '65',
			'title' => 'Industrial Production Increased In Q1',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p style="text-align: justify;">
	Compared to the first quarter of the previous fiscal year, the same period of the running fiscal year 2012/13 has witnessed a significant growth in the manufacturing sector. According to the figures released by the Central Bureau of Statistics (CBS) in January, the country’s overall industrial production index has increased by 12.56 points from 98.50 in the first quarter of previous fiscal year to 111.06 in the same period this year.</p>
<p style="text-align: justify;">
	Compared to the first quarter of the previous fiscal year, the production of bakery, chocolates, processed tea, textiles, garments, soaps, plastic and cement has sizeably increased in the same period this year. &nbsp;The production index of chocolates has increased the most by over 67 points to 174.03 this year from 106.69 in the first three months of the last fiscal year. Similarly, the production of bakery products has gone up to 185.36 with an increment of 58.09 points. Garment production has increased by 60.77 points and reached 152.95 this year. Likewise, textile production has increased by 43.9 points and reached 103.30 in the first three months of this fiscal year.</p>
<p style="text-align: justify;">
	Similarly, milk, liquor, woollen carpets, papers, lube oil, drugs and furniture production too has increased, according to the statistics. However, the production of soybean oil, vegetable ghee, steel rods and electric cables has declined. The figures show that the production of soybean oil has declined the most by 62 points and reached 98.90 during the review period. Likewise, the production of vegetable ghee too has decreased to 72.35 from 99.40 in the first quarter of the previous fiscal year. Similarly, steel rods’ production has decreased by 7 points to reach 112.37. Among others, production of cigarettes, plywood, food grains and animal feeds too has decreased.</p>',
			'published' => true,
			'created' => '2013-03-15',
			'modified' => '2013-03-15',
			'keywords' => '',
			'description' => 'Compared to the first quarter of the previous fiscal year, the same period of the running fiscal year 2012/13 has witnessed a significant growth in the manufacturing sector.',
			'sortorder' => '716',
			'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' => '830',
			'article_category_id' => '65',
			'title' => 'Four Firms Seek Permit To Import Petroleum',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p style="text-align: justify;">
	Four private firms have shown interest in acquiring government permits to import and distribute petroleum products. These firms have applied for the permit, which has until now only been issued to Nepal Oil Corporation, said Laxman Shrestha, director at the Department of Commerce and Supplies Management.</p>
<p style="text-align: justify;">
	Malika Petrolem Pvt Ltd, Birat Petroleum Company Pvt Ltd, Star Energy &amp; Innovation Pvt Ltd and Chandi Lumbini Gas have applied for the permit, based on a decision taken by the government in 2009.</p>
<p style="text-align: justify;">
	&nbsp;"Although the government decided to allow private firms to import and distribute fuel in 2009, the decision is yet to be implemented due to the lack of government guidelines,” informed Shrestha. He added that the applications will be considered only after the Cabinet approves a directive to implement the 2009 decision. The Cabinet's Economic and Infrastructure Committee is holding discussions over the directive.&nbsp;</p>
<p style="text-align: justify;">
	"As the directive has been already been sent to the Cabinet, we are making necessary arrangements to import and distribute fuel,” a representative of Star energy said.&nbsp;</p>
<p style="text-align: justify;">
	As per the rules laid down by the World Trade Organisation (WTO), the government should get rid of state monopoly in all sectors within 2015/16. An officer at the Ministry of Commerce and Supplies said, "In view of the WTO rules, we are working on the directive."</p>
<div style="text-align: justify;">
	 </div>',
			'published' => true,
			'created' => '2013-03-15',
			'modified' => '2013-03-15',
			'keywords' => '',
			'description' => 'Four private firms have shown interest in acquiring government permits to import and distribute petroleum products. These firms have applied for the permit, which has until now only been issued to Nepal Oil Corporation, said Laxman Shrestha, director at the Department of Commerce and Supplies Management.',
			'sortorder' => '715',
			'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' => '829',
			'article_category_id' => '65',
			'title' => 'Online Company Registration From Feb 7',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	The Company Registrar’s Office (CRO) has made a provision of online registration for new companies starting February 7. For this purpose, the CRO has issued a new Electronic Filing Directives 2012. The office said that as the legal and technical preparations are over, company registration, renewal, filing details and related works can be completed online from February 7.</p>
<p>
	The CRO had been testing the service since November 9. To avail the online services, one can log on to www.ocr.gov.np. According to the CRO, most of the banks and financial institutions utilised the service during the trial period itself. The CRO has also called for registered companies to submit the necessary documents via online.</p>',
			'published' => true,
			'created' => '2013-03-15',
			'modified' => '2013-03-15',
			'keywords' => '',
			'description' => 'The Company Registrar’s Office (CRO) has made a provision of online registration for new companies starting February 7. For this purpose, the CRO has issued a new Electronic Filing Directives 2012.',
			'sortorder' => '714',
			'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' => '827',
			'article_category_id' => '76',
			'title' => 'Merger: A Morale-booster',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img align="right" alt="" height="214" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/merger.jpg" style="margin: 0px 0px 0px 10px;" width="350" /></p>
<p style="text-align: justify;">
	Nepal Rastra Bank’s policy to encourage merger between bank and financial institutions seems to be paying off. The latest merger inked on February 1 between NIC Bank and Bank of Asia, both ‘A Class’ commercial banks, shows just that. This merger will create a bigger capital base and infrastructure for the new entity, which in turn would help serve the clients better and lend strength to the nation’s fledgling banking industry.&nbsp;</p>
<p style="text-align: justify;">
	As of now, any individual bank’s lending capacity is far from being impressive. The banks are not able to finance cost-intensive projects. For business and commerce to intensify and industries to grow, a strong banking system with financial depth is a prerequisite. It’s heartening that the country has a plethora of banks. The only problem is that they lack capacity and that is a big drawback. Institutional capacity and strong capital base are the fundamental parameters for the banking industry the world over. And, Nepali banks will have to do the catching up before they are taken seriously both within and outside the country.&nbsp;</p>
<p style="text-align: justify;">
	A merger of this kind where two commercial banks rated highly for their institutional and financial strengths are merging helps the industry in a big way. Now, the new entity can finance even more cost-intensive projects. This is good news for the industry and the economy of the country. Industrial development has not taken off in the country as yet but with a more stable political environment, this is likely to begin soon. And, for that to begin, banks need to be in a position to drive and sustain such growth, which basically means they need to have the institutional capacity and capital base of a different level, something perhaps unimaginable now.&nbsp;</p>
<p style="text-align: justify;">
	But as they say, take a step at a time and take it in the right direction. This latest merger of two commercial banks is surely such a step – taken in the right direction. For Nepal Rastra Bank (NRB) and particularly its Governor Dr Yuvaraj Khatiwada, who is said to have been pursuing the merger policy aggressively, this is a big morale-booster. We hope NRB will continue with its merger policy with the same gusto and give us a cleaner and more reliable banking industry in the country.&nbsp;</p>',
			'published' => true,
			'created' => '2013-03-15',
			'modified' => '2013-05-24',
			'keywords' => '',
			'description' => 'Nepal Rastra Bank’s policy to encourage merger between bank and financial institutions seems to be paying off. The latest merger inked on February 1 between NIC Bank and Bank of Asia, both ‘A Class’ commercial banks, shows just that.',
			'sortorder' => '713',
			'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
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

Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity &quot;&quot; [APP/View/Elements/side_bar.ctp, line 60]
Code Context
//    $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/indexdata.xml';



    if(!$xml = simplexml_load_file($file)){
$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
$dataForView = array(
	'articles' => array(
		(int) 0 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 1 => array(
			'Article' => array(
				[maximum depth reached]
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		),
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			'Article' => array(
				[maximum depth reached]
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			'Article' => array(
				[maximum depth reached]
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			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 5 => array(
			'Article' => array(
				[maximum depth reached]
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		(int) 6 => array(
			'Article' => array(
				[maximum depth reached]
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			'Article' => array(
				[maximum depth reached]
			)
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		(int) 8 => array(
			'Article' => array(
				[maximum depth reached]
			)
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			'Article' => array(
				[maximum depth reached]
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			'Article' => array(
				[maximum depth reached]
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			'Article' => array(
				[maximum depth reached]
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		(int) 12 => array(
			'Article' => array(
				[maximum depth reached]
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			'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' => '836',
			'article_category_id' => '56',
			'title' => 'Him Electronics Pvt Ltd',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img align="left" alt="Him Electronics Pvt Ltd" height="218" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/him_electronics.jpg" style="margin: 0 10px 0 0;" width="350" /></p>
<p style="text-align: justify;">
	Him Electronics Pvt Ltd has launched a new range of Himstar electric room heaters with added features to the existing models. These halogen heaters are noise-free and make use of three heating settings for better heating. According to the company, the heater distributes uniform temperature across the room where it is operated. There is also a safety switch that turns off automatically when hanged.</p>
<p style="text-align: justify;">
	 </p>
<p style="text-align: justify;">
	 </p>',
			'published' => true,
			'created' => '2013-03-15',
			'modified' => '2013-03-15',
			'keywords' => '',
			'description' => 'Him Electronics Pvt Ltd has launched a new range of Himstar electric room heaters with added features to the existing models.',
			'sortorder' => '727',
			'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' => '837',
			'article_category_id' => '56',
			'title' => 'Nokia Has Launched Nokia Lumia 510',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p style="text-align: justify;">
	<img align="left" alt="" height="192" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/Nokia_Lumia_510.jpg" style="margin:0 10px 0 0;" width="300" />Nokia has launched Nokia Lumia 510, an entry-level Smartphone in the market. The phone has a 4-inch display and it runs on Windows Phone 7.8. It is powered by a single-core 800 MHz Qualcomm Snapdragon S1 processor with a 3D Graphics HW accelerator, and has 256 MB of RAM. Other features include a 5 megapixel autofocus camera, HSDPA and GSM connectivity, Wi-Fi 3.5mm audio out, GPS, an accelerometer, and proximity and ambient light sensors. It comes with pre-installed Nokia apps including Camera Extras, Nokia Maps, Nokia Drive and Nokia Music.</p>',
			'published' => true,
			'created' => '2013-03-15',
			'modified' => '2013-05-24',
			'keywords' => '',
			'description' => 'Nokia has launched Nokia Lumia 510, an entry-level Smartphone in the market.',
			'sortorder' => '726',
			'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' => '841',
			'article_category_id' => '56',
			'title' => 'Colors Mobile Colors X1',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img align="left" alt="" height="209" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/colors_mobile.jpg" style="margin:0 10px 0 0;" width="120" /></p>
<p style="text-align: justify;">
	Colors Mobile has launched a new touch phone named Colors X1. According to the company, this is the most affordable feature-packed mobile handset in its category. The phone comes with a 2.8” resistive touch screen with features like analog TV, unique user interface, MP3/MP4 player, 1000 mAh battery, wireless FM and JAVA. There is one year warranty on the mobile handset and six months warranty on the battery and charger.</p>
<div>
	 </div>
<div>
	 </div>
<div>
	 </div>
<div>
	 </div>
<div>
	 </div>
<div>
	 </div>',
			'published' => true,
			'created' => '2013-03-15',
			'modified' => '2013-05-24',
			'keywords' => '',
			'description' => 'Colors Mobile has launched a new touch phone named Colors X1.',
			'sortorder' => '725',
			'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' => '840',
			'article_category_id' => '56',
			'title' => 'Colors Mobile Launched A New Phone',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img align="left" alt="" height="241" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/colors_mobileF14.jpg" style="margin: 0px 20px 0px 0px;" width="100" /></p>
<p style="text-align: justify;">
	Colors Mobile has launched a new phone F-14 in its Fighter series. It is a dual SIM phone with dual standby and has features like a big speaker, Bluetooth, FM radio, 1.3 MP Camera, audio and video players and expandable memory. The company claims that the phone is useful in &nbsp;load shedding hours as it has a big battery that lasts longer.&nbsp;</p>
<div>
	 </div>
<div>
	 </div>
<div>
	 </div>
<div>
	 </div>
<div>
	 </div>
<div>
	 </div>
<div>
	 </div>
<div>
	 </div>
<div>
	 </div>',
			'published' => true,
			'created' => '2013-03-15',
			'modified' => '2013-05-24',
			'keywords' => '',
			'description' => 'Colors Mobile has launched a new phone F-14 in its Fighter series.',
			'sortorder' => '724',
			'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' => '838',
			'article_category_id' => '56',
			'title' => 'Syakar Trading Company Pvt Ltd',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p style="text-align: justify;">
	<img alt="Syakar Trading Company" height="91" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/syakar_trading.jpg" width="400" /></p>
<p style="text-align: justify;">
	Syakar Trading Company Pvt Ltd, the exclusive distributor of Honda generators and power products for Nepal, has announced a scratch card scheme targeted to benefit business and household this winter. The scheme is named “Honda Scratch Card offer” under which purchase of any Honda power products or generators will entitle the buyer a scratch card. Each scratch card holds instant cash prizes ranging from Rs 1000 to Rs 100,000.</p>',
			'published' => true,
			'created' => '2013-03-15',
			'modified' => '2013-05-24',
			'keywords' => '',
			'description' => 'Syakar Trading Company Pvt Ltd, the exclusive distributor of Honda generators and power products for Nepal, has announced a scratch card scheme targeted to benefit business and household this winter.',
			'sortorder' => '723',
			'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' => '839',
			'article_category_id' => '56',
			'title' => 'Kelvinator Washing Machines',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img align="left" alt="Kelvinator Washing Machines " height="231" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/machine_6kg.jpg" style="margin:0 10px 0 0;" width="150" /></p>
<p style="text-align: justify;">
	The authorized distributor for Kelvinator brand in Nepal, EOL Pvt Ltd has introduced two new models of Kelvinator Washing Machines namely WMKT6012RGFAU (6 KG) and WMKT6512RGFAU (6.5 KG). These washing machines have features like eight wash programmes, child lock, memory backup, auto balancing, auto error detection and auto off, among others. These washing machines are available at Rs 23,790 and Rs 26,790 respectively.</p>
<p style="text-align: justify;">
	 </p>
<p style="text-align: justify;">
	 </p>
<p style="text-align: justify;">
	 </p>
<p style="text-align: justify;">
	 </p>',
			'published' => true,
			'created' => '2013-03-15',
			'modified' => '2013-05-24',
			'keywords' => '',
			'description' => 'The authorized distributor for Kelvinator brand in Nepal, EOL Pvt Ltd has introduced two new models of Kelvinator Washing Machines.',
			'sortorder' => '722',
			'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' => '835',
			'article_category_id' => '34',
			'title' => 'Ncell To Introduce Recharge Through Kiosks',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img align="left" alt="Ncell Recharge" height="413" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/ncell_recharge(1).jpg" style="text-align: justify; margin: 0px 10px 10px 0px;" width="230" /></p>
<p style="text-align: justify;">
	Ncell is going to introduce a new facility that will enable its customers to recharge balances through kiosk machines. According to the company, Ncell customers can top-up their balance themselves by inserting bank notes of Rs 20 denomination or above in the inlet of kiosks.&nbsp;</p>
<p style="text-align: justify;">
	“The customers can recharge whatever amount they are comfortable with, starting from Rs 20, by inserting appropriate bank notes,” reads the official press statement.</p>
<p style="text-align: justify;">
	Ncell plans to install the facility first in the Kathmandu Valley, and expand it outside later. The company plans to install 40 kiosks in different parts of the valley in the initial phase.“Recharge Kiosks will be the first facility of its kind in Nepal. They will ease and empower the customers greatly. Hence, we feel glad for being able to serve the customers in a new way,” said Sanju Koirala, Corporate Communication Director at Ncell.</p>
<p style="text-align: justify;">
	According to the company, once the new facility is introduced, the customers will not need to rely on recharge cards alone to top up the balance. It will also assure that the customers get full recharge for the money they pay at maximum retail price (MRP).To recharge via kiosks, Ncell customers would first need to choose the language (‘Nepali’ or ‘English’), then select Ncell (the service provider’s name) displayed on the screen and enter the 10-digit mobile number they wish to recharge.</p>',
			'published' => true,
			'created' => '2013-03-15',
			'modified' => '2013-05-24',
			'keywords' => '',
			'description' => 'Ncell is going to introduce a new facility that will enable its customers to recharge balances through kiosk machines.',
			'sortorder' => '721',
			'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' => '834',
			'article_category_id' => '34',
			'title' => 'Samsung Mobile Expo Concludes',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img align="" alt="Samsung Mobile Expo" height="308" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/samsung_mobileExpo.jpg" style="margin:0 0 10px 10px;" width="500" /></p>
<p style="text-align: justify;">
	Samsung Mobile Expo 2013 concluded on January 29 registering a turnover of Rs 100 million during the weeklong exhibition held at Civil Mall, Sudhara. According to the organisers, some 230,000 visitors attended the expo.&nbsp;</p>
<p style="text-align: justify;">
	More than 25 mobile companies participated in the expo showcasing their products in over 62 stalls. According to Purushottam Basnet, President of Mobile Traders Association of Nepal – the organiser- the expo themed ‘Sanchar nai sansar’ was successful, because of the overwhelming response from the visitors.&nbsp;</p>
<p style="text-align: justify;">
	The expo marked the presence of brands such as Samsung, Nokia, Carbon, LG, Spice, Colors, and Sony, among others. The expo was a perfect destination to see and understand the latest technologies in the mobile phone industry and purchase gadgets like smartphones and tablets. Exhibitors also offered attractive offers, including discounts, on the purchases. Various attractive gift hampers were also given away as the door prize for the visitors.&nbsp;</p>',
			'published' => true,
			'created' => '2013-03-15',
			'modified' => '2013-03-15',
			'keywords' => '',
			'description' => 'Samsung Mobile Expo 2013 concluded on January 29 registering a turnover of Rs 100 million during the weeklong exhibition held at Civil Mall, Sudhara.',
			'sortorder' => '720',
			'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' => '833',
			'article_category_id' => '34',
			'title' => 'Tourist Arrivals Decline After 3.5 Years',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p style="text-align: justify;">
	Tourist arrivals for January witnessed a sharp slump compared to the same month of 2012. According to the figures released by the Immigration Office, Tribhuvan International Airport (TIA), the tourist arrivals reached 35,330 with a 15.9 per cent decline in January this year compared to the same month last year.</p>
<p style="text-align: justify;">
	According to the official press statement issued by Nepal Tourism Board (NTB), major source markets have recorded negative growths in tourist arrivals in the first month of 2013. “In the SAARC region, only Pakistan has recorded a positive growth of 5.8 per cent. India which constitutes the major market of Nepal, has recorded a negative growth of 26.1 per cent. Arrivals from Bangladesh and Sri Lanka have also registered negative a growth by 62.6 per cent and 42.6 per cent respectively,” reads the statement.</p>
<p style="text-align: justify;">
	Tourist arrivals from other Asian countries have also registered a negative growth of 16.4 per cent on average. According to NTB, tourist arrivals from China have decreased by a whopping 40.3 per cent whereas the arrivals from Japan, Singapore, Thailand, Malaysia and South Korea have increased by 16.8, 10.3, 4.3, 42.6 and 11.2 per cent respectively.</p>
<p style="text-align: justify;">
	An overall negative growth of 15 per cent has been observed from the European market while tourist arrivals from Australia, New Zealand and the USA have registered growths of 27.3, 25, and 13 per cent respectively. A negative growth of 27.4 per cent has been recorded from Canada in January 2013 compared to January 2012, says the press release.</p>
<p style="text-align: justify;">
	A total of 45,667 foreign tourists departed from TIA in January 2013. The number of Nepali arrivals stood at 69,442 while 91,281 Nepalis departed from TIA in January 2013.</p>
<div style="text-align: justify;">
	 </div>',
			'published' => true,
			'created' => '2013-03-15',
			'modified' => '2013-05-24',
			'keywords' => '',
			'description' => 'Major source markets have recorded negative growths in tourist arrivals in the first month of 2013. India which constitutes the major market of Nepal, has recorded a negative growth of 26.1 per cent.',
			'sortorder' => '719',
			'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' => '828',
			'article_category_id' => '65',
			'title' => 'IFC Suggestions For Favourable Investment Climate',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p style="text-align: justify;">
	<span style="text-align: justify;">The SouthAsia Enterprise Development Facility (SEDF) under the International Financial Corporation (IFC) has proposed improvements in five sectors to improve Nepal’s business environment. &nbsp;SEDF has suggested that immediate steps be taken in five different areas for enhancing the business environment of Nepal. These five different areas are namely, beginning of business and competition, financial infrastructure, operating a business, rights over land and property, and business closure.</span></p>
<p style="text-align: justify;">
	SEDF proposed a 56-point suggestion for improving the business environment during a workshop organised in Kathmandu on January 24. The suggestions were presented among the concerned stakeholders. Representatives from the government, IFC and the private sector were present in the seminar.&nbsp;</p>
<p style="text-align: justify;">
	Presenting a working paper, analyst Shyam Krishna Shrestha said that the suggestions were prioritised for sectors where Nepal failed to prove on the Doing Business Index. &nbsp;Nepal was listed on 108th position out of 185 countries on Doing Business Index 2013. According to the report Nepal falls on fourth country among eight countries of South Asia.</p>
<p style="text-align: justify;">
	Similarly, a report on economic freedom has ranked Nepal 147th out of 179 countries. Similarly, Nepal is ranked 125th out of 144 countries on the Global Competitive Index 2013 (GCI). Likewise, Nepal ranks fifth out of five South Asian countries listed on the GCI and sixth among seven countries listed on the economic freedom index.</p>
<p style="text-align: justify;">
	Incumbent Registrar Toya Nath Adhikari said that starting up and closing down a business is still tough in Nepal. He said that because of this reason almost two-thirds of the companies registered at the Company Registrar’s Office (CRO) are inactive. He expected that when the CRO’s services are made available online the situation can improve. “Prudent services can be provided when the provision of digital signature is in place.”</p>
<div style="text-align: justify;">
	 </div>',
			'published' => true,
			'created' => '2013-03-15',
			'modified' => '2013-03-15',
			'keywords' => '',
			'description' => 'The SouthAsia Enterprise Development Facility (SEDF) under the International Financial Corporation (IFC) has proposed improvements in five sectors to improve Nepal’s business environment.  SEDF has suggested that immediate steps be taken in five different areas for enhancing the business environment of Nepal.',
			'sortorder' => '718',
			'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' => '832',
			'article_category_id' => '65',
			'title' => 'Fifty Percent Compulsory For Domestic Goods',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p style="text-align: justify;">
	“The government is trying to introduce new reforms to make it mandatory for the public sector to use at least 50 per cent Nepali products,” said Krishna Hari Baskota, Secretary at the Office of the Prime minister and the Council of Ministers. He said, ”We are going to introduce such reforms to increase the consumption of domestically produced goods, decrease the losses of domestic industries and promote Nepali products.”&nbsp;</p>
<p style="text-align: justify;">
	This reform will make it mandatory for government offices to use &nbsp;Nepali stationary goods, raw material for clothes, caps, leather belts and shoes, medicines, furniture as well as construction materials such as cement, bricks and electronic appliances, as far as available. Together with this, gift products, foods and beverages should be consumed by the public sector as chosen by the government.&nbsp;</p>
<p style="text-align: justify;">
	“Although the imported goods may be 15 per cent expensive and compete with quality, domestic products must be promoted”, said Krishna Gyanwali, secretary at the Ministry of Industry.&nbsp;</p>
<p style="text-align: justify;">
	FNCCI Vice President, Bhawani Rana says that the reform to be introduced by the government is most welcome. “Although FNCCI has been demanding the public sector and the corporate houses to use domestic products, it has not been successful. If this proposal is implemented, the domestic industries are going to prosper,” she said. The proposal mentions that the reason behind the slow growth of domestic industries is not using their products by the government citing that they are expensive than their imported counterparts. The reform proposal has already been prepared by the Ministry of Industry and will soon be submitted to the Office of the Prime Minister and Council of Ministers.&nbsp;</p>',
			'published' => true,
			'created' => '2013-03-15',
			'modified' => '2013-03-15',
			'keywords' => '',
			'description' => 'Although FNCCI has been demanding the public sector and the  corporate houses to use domestic products, it has not been successful.',
			'sortorder' => '717',
			'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' => '831',
			'article_category_id' => '65',
			'title' => 'Industrial Production Increased In Q1',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p style="text-align: justify;">
	Compared to the first quarter of the previous fiscal year, the same period of the running fiscal year 2012/13 has witnessed a significant growth in the manufacturing sector. According to the figures released by the Central Bureau of Statistics (CBS) in January, the country’s overall industrial production index has increased by 12.56 points from 98.50 in the first quarter of previous fiscal year to 111.06 in the same period this year.</p>
<p style="text-align: justify;">
	Compared to the first quarter of the previous fiscal year, the production of bakery, chocolates, processed tea, textiles, garments, soaps, plastic and cement has sizeably increased in the same period this year. &nbsp;The production index of chocolates has increased the most by over 67 points to 174.03 this year from 106.69 in the first three months of the last fiscal year. Similarly, the production of bakery products has gone up to 185.36 with an increment of 58.09 points. Garment production has increased by 60.77 points and reached 152.95 this year. Likewise, textile production has increased by 43.9 points and reached 103.30 in the first three months of this fiscal year.</p>
<p style="text-align: justify;">
	Similarly, milk, liquor, woollen carpets, papers, lube oil, drugs and furniture production too has increased, according to the statistics. However, the production of soybean oil, vegetable ghee, steel rods and electric cables has declined. The figures show that the production of soybean oil has declined the most by 62 points and reached 98.90 during the review period. Likewise, the production of vegetable ghee too has decreased to 72.35 from 99.40 in the first quarter of the previous fiscal year. Similarly, steel rods’ production has decreased by 7 points to reach 112.37. Among others, production of cigarettes, plywood, food grains and animal feeds too has decreased.</p>',
			'published' => true,
			'created' => '2013-03-15',
			'modified' => '2013-03-15',
			'keywords' => '',
			'description' => 'Compared to the first quarter of the previous fiscal year, the same period of the running fiscal year 2012/13 has witnessed a significant growth in the manufacturing sector.',
			'sortorder' => '716',
			'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' => '830',
			'article_category_id' => '65',
			'title' => 'Four Firms Seek Permit To Import Petroleum',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p style="text-align: justify;">
	Four private firms have shown interest in acquiring government permits to import and distribute petroleum products. These firms have applied for the permit, which has until now only been issued to Nepal Oil Corporation, said Laxman Shrestha, director at the Department of Commerce and Supplies Management.</p>
<p style="text-align: justify;">
	Malika Petrolem Pvt Ltd, Birat Petroleum Company Pvt Ltd, Star Energy &amp; Innovation Pvt Ltd and Chandi Lumbini Gas have applied for the permit, based on a decision taken by the government in 2009.</p>
<p style="text-align: justify;">
	&nbsp;"Although the government decided to allow private firms to import and distribute fuel in 2009, the decision is yet to be implemented due to the lack of government guidelines,” informed Shrestha. He added that the applications will be considered only after the Cabinet approves a directive to implement the 2009 decision. The Cabinet's Economic and Infrastructure Committee is holding discussions over the directive.&nbsp;</p>
<p style="text-align: justify;">
	"As the directive has been already been sent to the Cabinet, we are making necessary arrangements to import and distribute fuel,” a representative of Star energy said.&nbsp;</p>
<p style="text-align: justify;">
	As per the rules laid down by the World Trade Organisation (WTO), the government should get rid of state monopoly in all sectors within 2015/16. An officer at the Ministry of Commerce and Supplies said, "In view of the WTO rules, we are working on the directive."</p>
<div style="text-align: justify;">
	 </div>',
			'published' => true,
			'created' => '2013-03-15',
			'modified' => '2013-03-15',
			'keywords' => '',
			'description' => 'Four private firms have shown interest in acquiring government permits to import and distribute petroleum products. These firms have applied for the permit, which has until now only been issued to Nepal Oil Corporation, said Laxman Shrestha, director at the Department of Commerce and Supplies Management.',
			'sortorder' => '715',
			'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' => '829',
			'article_category_id' => '65',
			'title' => 'Online Company Registration From Feb 7',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	The Company Registrar’s Office (CRO) has made a provision of online registration for new companies starting February 7. For this purpose, the CRO has issued a new Electronic Filing Directives 2012. The office said that as the legal and technical preparations are over, company registration, renewal, filing details and related works can be completed online from February 7.</p>
<p>
	The CRO had been testing the service since November 9. To avail the online services, one can log on to www.ocr.gov.np. According to the CRO, most of the banks and financial institutions utilised the service during the trial period itself. The CRO has also called for registered companies to submit the necessary documents via online.</p>',
			'published' => true,
			'created' => '2013-03-15',
			'modified' => '2013-03-15',
			'keywords' => '',
			'description' => 'The Company Registrar’s Office (CRO) has made a provision of online registration for new companies starting February 7. For this purpose, the CRO has issued a new Electronic Filing Directives 2012.',
			'sortorder' => '714',
			'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' => '827',
			'article_category_id' => '76',
			'title' => 'Merger: A Morale-booster',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img align="right" alt="" height="214" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/merger.jpg" style="margin: 0px 0px 0px 10px;" width="350" /></p>
<p style="text-align: justify;">
	Nepal Rastra Bank’s policy to encourage merger between bank and financial institutions seems to be paying off. The latest merger inked on February 1 between NIC Bank and Bank of Asia, both ‘A Class’ commercial banks, shows just that. This merger will create a bigger capital base and infrastructure for the new entity, which in turn would help serve the clients better and lend strength to the nation’s fledgling banking industry.&nbsp;</p>
<p style="text-align: justify;">
	As of now, any individual bank’s lending capacity is far from being impressive. The banks are not able to finance cost-intensive projects. For business and commerce to intensify and industries to grow, a strong banking system with financial depth is a prerequisite. It’s heartening that the country has a plethora of banks. The only problem is that they lack capacity and that is a big drawback. Institutional capacity and strong capital base are the fundamental parameters for the banking industry the world over. And, Nepali banks will have to do the catching up before they are taken seriously both within and outside the country.&nbsp;</p>
<p style="text-align: justify;">
	A merger of this kind where two commercial banks rated highly for their institutional and financial strengths are merging helps the industry in a big way. Now, the new entity can finance even more cost-intensive projects. This is good news for the industry and the economy of the country. Industrial development has not taken off in the country as yet but with a more stable political environment, this is likely to begin soon. And, for that to begin, banks need to be in a position to drive and sustain such growth, which basically means they need to have the institutional capacity and capital base of a different level, something perhaps unimaginable now.&nbsp;</p>
<p style="text-align: justify;">
	But as they say, take a step at a time and take it in the right direction. This latest merger of two commercial banks is surely such a step – taken in the right direction. For Nepal Rastra Bank (NRB) and particularly its Governor Dr Yuvaraj Khatiwada, who is said to have been pursuing the merger policy aggressively, this is a big morale-booster. We hope NRB will continue with its merger policy with the same gusto and give us a cleaner and more reliable banking industry in the country.&nbsp;</p>',
			'published' => true,
			'created' => '2013-03-15',
			'modified' => '2013-05-24',
			'keywords' => '',
			'description' => 'Nepal Rastra Bank’s policy to encourage merger between bank and financial institutions seems to be paying off. The latest merger inked on February 1 between NIC Bank and Bank of Asia, both ‘A Class’ commercial banks, shows just that.',
			'sortorder' => '713',
			'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
simplexml_load_file - [internal], line ??
include - APP/View/Elements/side_bar.ctp, line 60
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/index.ctp, line 157
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117

Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 133]
Code Context
  //  $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';



    if(!$xml = simplexml_load_file($file)){
$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
$dataForView = array(
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$articles = array(
	(int) 0 => array(
		'Article' => array(
			'id' => '836',
			'article_category_id' => '56',
			'title' => 'Him Electronics Pvt Ltd',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img align="left" alt="Him Electronics Pvt Ltd" height="218" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/him_electronics.jpg" style="margin: 0 10px 0 0;" width="350" /></p>
<p style="text-align: justify;">
	Him Electronics Pvt Ltd has launched a new range of Himstar electric room heaters with added features to the existing models. These halogen heaters are noise-free and make use of three heating settings for better heating. According to the company, the heater distributes uniform temperature across the room where it is operated. There is also a safety switch that turns off automatically when hanged.</p>
<p style="text-align: justify;">
	 </p>
<p style="text-align: justify;">
	 </p>',
			'published' => true,
			'created' => '2013-03-15',
			'modified' => '2013-03-15',
			'keywords' => '',
			'description' => 'Him Electronics Pvt Ltd has launched a new range of Himstar electric room heaters with added features to the existing models.',
			'sortorder' => '727',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
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		'Article' => array(
			'id' => '837',
			'article_category_id' => '56',
			'title' => 'Nokia Has Launched Nokia Lumia 510',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p style="text-align: justify;">
	<img align="left" alt="" height="192" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/Nokia_Lumia_510.jpg" style="margin:0 10px 0 0;" width="300" />Nokia has launched Nokia Lumia 510, an entry-level Smartphone in the market. The phone has a 4-inch display and it runs on Windows Phone 7.8. It is powered by a single-core 800 MHz Qualcomm Snapdragon S1 processor with a 3D Graphics HW accelerator, and has 256 MB of RAM. Other features include a 5 megapixel autofocus camera, HSDPA and GSM connectivity, Wi-Fi 3.5mm audio out, GPS, an accelerometer, and proximity and ambient light sensors. It comes with pre-installed Nokia apps including Camera Extras, Nokia Maps, Nokia Drive and Nokia Music.</p>',
			'published' => true,
			'created' => '2013-03-15',
			'modified' => '2013-05-24',
			'keywords' => '',
			'description' => 'Nokia has launched Nokia Lumia 510, an entry-level Smartphone in the market.',
			'sortorder' => '726',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
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		'Article' => array(
			'id' => '841',
			'article_category_id' => '56',
			'title' => 'Colors Mobile Colors X1',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img align="left" alt="" height="209" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/colors_mobile.jpg" style="margin:0 10px 0 0;" width="120" /></p>
<p style="text-align: justify;">
	Colors Mobile has launched a new touch phone named Colors X1. According to the company, this is the most affordable feature-packed mobile handset in its category. The phone comes with a 2.8” resistive touch screen with features like analog TV, unique user interface, MP3/MP4 player, 1000 mAh battery, wireless FM and JAVA. There is one year warranty on the mobile handset and six months warranty on the battery and charger.</p>
<div>
	 </div>
<div>
	 </div>
<div>
	 </div>
<div>
	 </div>
<div>
	 </div>
<div>
	 </div>',
			'published' => true,
			'created' => '2013-03-15',
			'modified' => '2013-05-24',
			'keywords' => '',
			'description' => 'Colors Mobile has launched a new touch phone named Colors X1.',
			'sortorder' => '725',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
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	(int) 3 => array(
		'Article' => array(
			'id' => '840',
			'article_category_id' => '56',
			'title' => 'Colors Mobile Launched A New Phone',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img align="left" alt="" height="241" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/colors_mobileF14.jpg" style="margin: 0px 20px 0px 0px;" width="100" /></p>
<p style="text-align: justify;">
	Colors Mobile has launched a new phone F-14 in its Fighter series. It is a dual SIM phone with dual standby and has features like a big speaker, Bluetooth, FM radio, 1.3 MP Camera, audio and video players and expandable memory. The company claims that the phone is useful in &nbsp;load shedding hours as it has a big battery that lasts longer.&nbsp;</p>
<div>
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<div>
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<div>
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<div>
	 </div>
<div>
	 </div>
<div>
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<div>
	 </div>
<div>
	 </div>
<div>
	 </div>',
			'published' => true,
			'created' => '2013-03-15',
			'modified' => '2013-05-24',
			'keywords' => '',
			'description' => 'Colors Mobile has launched a new phone F-14 in its Fighter series.',
			'sortorder' => '724',
			'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' => '838',
			'article_category_id' => '56',
			'title' => 'Syakar Trading Company Pvt Ltd',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p style="text-align: justify;">
	<img alt="Syakar Trading Company" height="91" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/syakar_trading.jpg" width="400" /></p>
<p style="text-align: justify;">
	Syakar Trading Company Pvt Ltd, the exclusive distributor of Honda generators and power products for Nepal, has announced a scratch card scheme targeted to benefit business and household this winter. The scheme is named “Honda Scratch Card offer” under which purchase of any Honda power products or generators will entitle the buyer a scratch card. Each scratch card holds instant cash prizes ranging from Rs 1000 to Rs 100,000.</p>',
			'published' => true,
			'created' => '2013-03-15',
			'modified' => '2013-05-24',
			'keywords' => '',
			'description' => 'Syakar Trading Company Pvt Ltd, the exclusive distributor of Honda generators and power products for Nepal, has announced a scratch card scheme targeted to benefit business and household this winter.',
			'sortorder' => '723',
			'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' => '839',
			'article_category_id' => '56',
			'title' => 'Kelvinator Washing Machines',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img align="left" alt="Kelvinator Washing Machines " height="231" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/machine_6kg.jpg" style="margin:0 10px 0 0;" width="150" /></p>
<p style="text-align: justify;">
	The authorized distributor for Kelvinator brand in Nepal, EOL Pvt Ltd has introduced two new models of Kelvinator Washing Machines namely WMKT6012RGFAU (6 KG) and WMKT6512RGFAU (6.5 KG). These washing machines have features like eight wash programmes, child lock, memory backup, auto balancing, auto error detection and auto off, among others. These washing machines are available at Rs 23,790 and Rs 26,790 respectively.</p>
<p style="text-align: justify;">
	 </p>
<p style="text-align: justify;">
	 </p>
<p style="text-align: justify;">
	 </p>
<p style="text-align: justify;">
	 </p>',
			'published' => true,
			'created' => '2013-03-15',
			'modified' => '2013-05-24',
			'keywords' => '',
			'description' => 'The authorized distributor for Kelvinator brand in Nepal, EOL Pvt Ltd has introduced two new models of Kelvinator Washing Machines.',
			'sortorder' => '722',
			'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' => '835',
			'article_category_id' => '34',
			'title' => 'Ncell To Introduce Recharge Through Kiosks',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img align="left" alt="Ncell Recharge" height="413" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/ncell_recharge(1).jpg" style="text-align: justify; margin: 0px 10px 10px 0px;" width="230" /></p>
<p style="text-align: justify;">
	Ncell is going to introduce a new facility that will enable its customers to recharge balances through kiosk machines. According to the company, Ncell customers can top-up their balance themselves by inserting bank notes of Rs 20 denomination or above in the inlet of kiosks.&nbsp;</p>
<p style="text-align: justify;">
	“The customers can recharge whatever amount they are comfortable with, starting from Rs 20, by inserting appropriate bank notes,” reads the official press statement.</p>
<p style="text-align: justify;">
	Ncell plans to install the facility first in the Kathmandu Valley, and expand it outside later. The company plans to install 40 kiosks in different parts of the valley in the initial phase.“Recharge Kiosks will be the first facility of its kind in Nepal. They will ease and empower the customers greatly. Hence, we feel glad for being able to serve the customers in a new way,” said Sanju Koirala, Corporate Communication Director at Ncell.</p>
<p style="text-align: justify;">
	According to the company, once the new facility is introduced, the customers will not need to rely on recharge cards alone to top up the balance. It will also assure that the customers get full recharge for the money they pay at maximum retail price (MRP).To recharge via kiosks, Ncell customers would first need to choose the language (‘Nepali’ or ‘English’), then select Ncell (the service provider’s name) displayed on the screen and enter the 10-digit mobile number they wish to recharge.</p>',
			'published' => true,
			'created' => '2013-03-15',
			'modified' => '2013-05-24',
			'keywords' => '',
			'description' => 'Ncell is going to introduce a new facility that will enable its customers to recharge balances through kiosk machines.',
			'sortorder' => '721',
			'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' => '834',
			'article_category_id' => '34',
			'title' => 'Samsung Mobile Expo Concludes',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img align="" alt="Samsung Mobile Expo" height="308" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/samsung_mobileExpo.jpg" style="margin:0 0 10px 10px;" width="500" /></p>
<p style="text-align: justify;">
	Samsung Mobile Expo 2013 concluded on January 29 registering a turnover of Rs 100 million during the weeklong exhibition held at Civil Mall, Sudhara. According to the organisers, some 230,000 visitors attended the expo.&nbsp;</p>
<p style="text-align: justify;">
	More than 25 mobile companies participated in the expo showcasing their products in over 62 stalls. According to Purushottam Basnet, President of Mobile Traders Association of Nepal – the organiser- the expo themed ‘Sanchar nai sansar’ was successful, because of the overwhelming response from the visitors.&nbsp;</p>
<p style="text-align: justify;">
	The expo marked the presence of brands such as Samsung, Nokia, Carbon, LG, Spice, Colors, and Sony, among others. The expo was a perfect destination to see and understand the latest technologies in the mobile phone industry and purchase gadgets like smartphones and tablets. Exhibitors also offered attractive offers, including discounts, on the purchases. Various attractive gift hampers were also given away as the door prize for the visitors.&nbsp;</p>',
			'published' => true,
			'created' => '2013-03-15',
			'modified' => '2013-03-15',
			'keywords' => '',
			'description' => 'Samsung Mobile Expo 2013 concluded on January 29 registering a turnover of Rs 100 million during the weeklong exhibition held at Civil Mall, Sudhara.',
			'sortorder' => '720',
			'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' => '833',
			'article_category_id' => '34',
			'title' => 'Tourist Arrivals Decline After 3.5 Years',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p style="text-align: justify;">
	Tourist arrivals for January witnessed a sharp slump compared to the same month of 2012. According to the figures released by the Immigration Office, Tribhuvan International Airport (TIA), the tourist arrivals reached 35,330 with a 15.9 per cent decline in January this year compared to the same month last year.</p>
<p style="text-align: justify;">
	According to the official press statement issued by Nepal Tourism Board (NTB), major source markets have recorded negative growths in tourist arrivals in the first month of 2013. “In the SAARC region, only Pakistan has recorded a positive growth of 5.8 per cent. India which constitutes the major market of Nepal, has recorded a negative growth of 26.1 per cent. Arrivals from Bangladesh and Sri Lanka have also registered negative a growth by 62.6 per cent and 42.6 per cent respectively,” reads the statement.</p>
<p style="text-align: justify;">
	Tourist arrivals from other Asian countries have also registered a negative growth of 16.4 per cent on average. According to NTB, tourist arrivals from China have decreased by a whopping 40.3 per cent whereas the arrivals from Japan, Singapore, Thailand, Malaysia and South Korea have increased by 16.8, 10.3, 4.3, 42.6 and 11.2 per cent respectively.</p>
<p style="text-align: justify;">
	An overall negative growth of 15 per cent has been observed from the European market while tourist arrivals from Australia, New Zealand and the USA have registered growths of 27.3, 25, and 13 per cent respectively. A negative growth of 27.4 per cent has been recorded from Canada in January 2013 compared to January 2012, says the press release.</p>
<p style="text-align: justify;">
	A total of 45,667 foreign tourists departed from TIA in January 2013. The number of Nepali arrivals stood at 69,442 while 91,281 Nepalis departed from TIA in January 2013.</p>
<div style="text-align: justify;">
	 </div>',
			'published' => true,
			'created' => '2013-03-15',
			'modified' => '2013-05-24',
			'keywords' => '',
			'description' => 'Major source markets have recorded negative growths in tourist arrivals in the first month of 2013. India which constitutes the major market of Nepal, has recorded a negative growth of 26.1 per cent.',
			'sortorder' => '719',
			'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' => '828',
			'article_category_id' => '65',
			'title' => 'IFC Suggestions For Favourable Investment Climate',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p style="text-align: justify;">
	<span style="text-align: justify;">The SouthAsia Enterprise Development Facility (SEDF) under the International Financial Corporation (IFC) has proposed improvements in five sectors to improve Nepal’s business environment. &nbsp;SEDF has suggested that immediate steps be taken in five different areas for enhancing the business environment of Nepal. These five different areas are namely, beginning of business and competition, financial infrastructure, operating a business, rights over land and property, and business closure.</span></p>
<p style="text-align: justify;">
	SEDF proposed a 56-point suggestion for improving the business environment during a workshop organised in Kathmandu on January 24. The suggestions were presented among the concerned stakeholders. Representatives from the government, IFC and the private sector were present in the seminar.&nbsp;</p>
<p style="text-align: justify;">
	Presenting a working paper, analyst Shyam Krishna Shrestha said that the suggestions were prioritised for sectors where Nepal failed to prove on the Doing Business Index. &nbsp;Nepal was listed on 108th position out of 185 countries on Doing Business Index 2013. According to the report Nepal falls on fourth country among eight countries of South Asia.</p>
<p style="text-align: justify;">
	Similarly, a report on economic freedom has ranked Nepal 147th out of 179 countries. Similarly, Nepal is ranked 125th out of 144 countries on the Global Competitive Index 2013 (GCI). Likewise, Nepal ranks fifth out of five South Asian countries listed on the GCI and sixth among seven countries listed on the economic freedom index.</p>
<p style="text-align: justify;">
	Incumbent Registrar Toya Nath Adhikari said that starting up and closing down a business is still tough in Nepal. He said that because of this reason almost two-thirds of the companies registered at the Company Registrar’s Office (CRO) are inactive. He expected that when the CRO’s services are made available online the situation can improve. “Prudent services can be provided when the provision of digital signature is in place.”</p>
<div style="text-align: justify;">
	 </div>',
			'published' => true,
			'created' => '2013-03-15',
			'modified' => '2013-03-15',
			'keywords' => '',
			'description' => 'The SouthAsia Enterprise Development Facility (SEDF) under the International Financial Corporation (IFC) has proposed improvements in five sectors to improve Nepal’s business environment.  SEDF has suggested that immediate steps be taken in five different areas for enhancing the business environment of Nepal.',
			'sortorder' => '718',
			'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' => '832',
			'article_category_id' => '65',
			'title' => 'Fifty Percent Compulsory For Domestic Goods',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p style="text-align: justify;">
	“The government is trying to introduce new reforms to make it mandatory for the public sector to use at least 50 per cent Nepali products,” said Krishna Hari Baskota, Secretary at the Office of the Prime minister and the Council of Ministers. He said, ”We are going to introduce such reforms to increase the consumption of domestically produced goods, decrease the losses of domestic industries and promote Nepali products.”&nbsp;</p>
<p style="text-align: justify;">
	This reform will make it mandatory for government offices to use &nbsp;Nepali stationary goods, raw material for clothes, caps, leather belts and shoes, medicines, furniture as well as construction materials such as cement, bricks and electronic appliances, as far as available. Together with this, gift products, foods and beverages should be consumed by the public sector as chosen by the government.&nbsp;</p>
<p style="text-align: justify;">
	“Although the imported goods may be 15 per cent expensive and compete with quality, domestic products must be promoted”, said Krishna Gyanwali, secretary at the Ministry of Industry.&nbsp;</p>
<p style="text-align: justify;">
	FNCCI Vice President, Bhawani Rana says that the reform to be introduced by the government is most welcome. “Although FNCCI has been demanding the public sector and the corporate houses to use domestic products, it has not been successful. If this proposal is implemented, the domestic industries are going to prosper,” she said. The proposal mentions that the reason behind the slow growth of domestic industries is not using their products by the government citing that they are expensive than their imported counterparts. The reform proposal has already been prepared by the Ministry of Industry and will soon be submitted to the Office of the Prime Minister and Council of Ministers.&nbsp;</p>',
			'published' => true,
			'created' => '2013-03-15',
			'modified' => '2013-03-15',
			'keywords' => '',
			'description' => 'Although FNCCI has been demanding the public sector and the  corporate houses to use domestic products, it has not been successful.',
			'sortorder' => '717',
			'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' => '831',
			'article_category_id' => '65',
			'title' => 'Industrial Production Increased In Q1',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p style="text-align: justify;">
	Compared to the first quarter of the previous fiscal year, the same period of the running fiscal year 2012/13 has witnessed a significant growth in the manufacturing sector. According to the figures released by the Central Bureau of Statistics (CBS) in January, the country’s overall industrial production index has increased by 12.56 points from 98.50 in the first quarter of previous fiscal year to 111.06 in the same period this year.</p>
<p style="text-align: justify;">
	Compared to the first quarter of the previous fiscal year, the production of bakery, chocolates, processed tea, textiles, garments, soaps, plastic and cement has sizeably increased in the same period this year. &nbsp;The production index of chocolates has increased the most by over 67 points to 174.03 this year from 106.69 in the first three months of the last fiscal year. Similarly, the production of bakery products has gone up to 185.36 with an increment of 58.09 points. Garment production has increased by 60.77 points and reached 152.95 this year. Likewise, textile production has increased by 43.9 points and reached 103.30 in the first three months of this fiscal year.</p>
<p style="text-align: justify;">
	Similarly, milk, liquor, woollen carpets, papers, lube oil, drugs and furniture production too has increased, according to the statistics. However, the production of soybean oil, vegetable ghee, steel rods and electric cables has declined. The figures show that the production of soybean oil has declined the most by 62 points and reached 98.90 during the review period. Likewise, the production of vegetable ghee too has decreased to 72.35 from 99.40 in the first quarter of the previous fiscal year. Similarly, steel rods’ production has decreased by 7 points to reach 112.37. Among others, production of cigarettes, plywood, food grains and animal feeds too has decreased.</p>',
			'published' => true,
			'created' => '2013-03-15',
			'modified' => '2013-03-15',
			'keywords' => '',
			'description' => 'Compared to the first quarter of the previous fiscal year, the same period of the running fiscal year 2012/13 has witnessed a significant growth in the manufacturing sector.',
			'sortorder' => '716',
			'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' => '830',
			'article_category_id' => '65',
			'title' => 'Four Firms Seek Permit To Import Petroleum',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p style="text-align: justify;">
	Four private firms have shown interest in acquiring government permits to import and distribute petroleum products. These firms have applied for the permit, which has until now only been issued to Nepal Oil Corporation, said Laxman Shrestha, director at the Department of Commerce and Supplies Management.</p>
<p style="text-align: justify;">
	Malika Petrolem Pvt Ltd, Birat Petroleum Company Pvt Ltd, Star Energy &amp; Innovation Pvt Ltd and Chandi Lumbini Gas have applied for the permit, based on a decision taken by the government in 2009.</p>
<p style="text-align: justify;">
	&nbsp;"Although the government decided to allow private firms to import and distribute fuel in 2009, the decision is yet to be implemented due to the lack of government guidelines,” informed Shrestha. He added that the applications will be considered only after the Cabinet approves a directive to implement the 2009 decision. The Cabinet's Economic and Infrastructure Committee is holding discussions over the directive.&nbsp;</p>
<p style="text-align: justify;">
	"As the directive has been already been sent to the Cabinet, we are making necessary arrangements to import and distribute fuel,” a representative of Star energy said.&nbsp;</p>
<p style="text-align: justify;">
	As per the rules laid down by the World Trade Organisation (WTO), the government should get rid of state monopoly in all sectors within 2015/16. An officer at the Ministry of Commerce and Supplies said, "In view of the WTO rules, we are working on the directive."</p>
<div style="text-align: justify;">
	 </div>',
			'published' => true,
			'created' => '2013-03-15',
			'modified' => '2013-03-15',
			'keywords' => '',
			'description' => 'Four private firms have shown interest in acquiring government permits to import and distribute petroleum products. These firms have applied for the permit, which has until now only been issued to Nepal Oil Corporation, said Laxman Shrestha, director at the Department of Commerce and Supplies Management.',
			'sortorder' => '715',
			'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' => '829',
			'article_category_id' => '65',
			'title' => 'Online Company Registration From Feb 7',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	The Company Registrar’s Office (CRO) has made a provision of online registration for new companies starting February 7. For this purpose, the CRO has issued a new Electronic Filing Directives 2012. The office said that as the legal and technical preparations are over, company registration, renewal, filing details and related works can be completed online from February 7.</p>
<p>
	The CRO had been testing the service since November 9. To avail the online services, one can log on to www.ocr.gov.np. According to the CRO, most of the banks and financial institutions utilised the service during the trial period itself. The CRO has also called for registered companies to submit the necessary documents via online.</p>',
			'published' => true,
			'created' => '2013-03-15',
			'modified' => '2013-03-15',
			'keywords' => '',
			'description' => 'The Company Registrar’s Office (CRO) has made a provision of online registration for new companies starting February 7. For this purpose, the CRO has issued a new Electronic Filing Directives 2012.',
			'sortorder' => '714',
			'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' => '827',
			'article_category_id' => '76',
			'title' => 'Merger: A Morale-booster',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img align="right" alt="" height="214" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/merger.jpg" style="margin: 0px 0px 0px 10px;" width="350" /></p>
<p style="text-align: justify;">
	Nepal Rastra Bank’s policy to encourage merger between bank and financial institutions seems to be paying off. The latest merger inked on February 1 between NIC Bank and Bank of Asia, both ‘A Class’ commercial banks, shows just that. This merger will create a bigger capital base and infrastructure for the new entity, which in turn would help serve the clients better and lend strength to the nation’s fledgling banking industry.&nbsp;</p>
<p style="text-align: justify;">
	As of now, any individual bank’s lending capacity is far from being impressive. The banks are not able to finance cost-intensive projects. For business and commerce to intensify and industries to grow, a strong banking system with financial depth is a prerequisite. It’s heartening that the country has a plethora of banks. The only problem is that they lack capacity and that is a big drawback. Institutional capacity and strong capital base are the fundamental parameters for the banking industry the world over. And, Nepali banks will have to do the catching up before they are taken seriously both within and outside the country.&nbsp;</p>
<p style="text-align: justify;">
	A merger of this kind where two commercial banks rated highly for their institutional and financial strengths are merging helps the industry in a big way. Now, the new entity can finance even more cost-intensive projects. This is good news for the industry and the economy of the country. Industrial development has not taken off in the country as yet but with a more stable political environment, this is likely to begin soon. And, for that to begin, banks need to be in a position to drive and sustain such growth, which basically means they need to have the institutional capacity and capital base of a different level, something perhaps unimaginable now.&nbsp;</p>
<p style="text-align: justify;">
	But as they say, take a step at a time and take it in the right direction. This latest merger of two commercial banks is surely such a step – taken in the right direction. For Nepal Rastra Bank (NRB) and particularly its Governor Dr Yuvaraj Khatiwada, who is said to have been pursuing the merger policy aggressively, this is a big morale-booster. We hope NRB will continue with its merger policy with the same gusto and give us a cleaner and more reliable banking industry in the country.&nbsp;</p>',
			'published' => true,
			'created' => '2013-03-15',
			'modified' => '2013-05-24',
			'keywords' => '',
			'description' => 'Nepal Rastra Bank’s policy to encourage merger between bank and financial institutions seems to be paying off. The latest merger inked on February 1 between NIC Bank and Bank of Asia, both ‘A Class’ commercial banks, shows just that.',
			'sortorder' => '713',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	)
)
$current_user = null
$logged_in = false
$xml = false
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

Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity &quot;&quot; [APP/View/Elements/side_bar.ctp, line 133]
Code Context
  //  $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';



    if(!$xml = simplexml_load_file($file)){
$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
$dataForView = array(
	'articles' => array(
		(int) 0 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 1 => array(
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		'Article' => array(
			'id' => '836',
			'article_category_id' => '56',
			'title' => 'Him Electronics Pvt Ltd',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img align="left" alt="Him Electronics Pvt Ltd" height="218" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/him_electronics.jpg" style="margin: 0 10px 0 0;" width="350" /></p>
<p style="text-align: justify;">
	Him Electronics Pvt Ltd has launched a new range of Himstar electric room heaters with added features to the existing models. These halogen heaters are noise-free and make use of three heating settings for better heating. According to the company, the heater distributes uniform temperature across the room where it is operated. There is also a safety switch that turns off automatically when hanged.</p>
<p style="text-align: justify;">
	 </p>
<p style="text-align: justify;">
	 </p>',
			'published' => true,
			'created' => '2013-03-15',
			'modified' => '2013-03-15',
			'keywords' => '',
			'description' => 'Him Electronics Pvt Ltd has launched a new range of Himstar electric room heaters with added features to the existing models.',
			'sortorder' => '727',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
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		'Article' => array(
			'id' => '837',
			'article_category_id' => '56',
			'title' => 'Nokia Has Launched Nokia Lumia 510',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p style="text-align: justify;">
	<img align="left" alt="" height="192" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/Nokia_Lumia_510.jpg" style="margin:0 10px 0 0;" width="300" />Nokia has launched Nokia Lumia 510, an entry-level Smartphone in the market. The phone has a 4-inch display and it runs on Windows Phone 7.8. It is powered by a single-core 800 MHz Qualcomm Snapdragon S1 processor with a 3D Graphics HW accelerator, and has 256 MB of RAM. Other features include a 5 megapixel autofocus camera, HSDPA and GSM connectivity, Wi-Fi 3.5mm audio out, GPS, an accelerometer, and proximity and ambient light sensors. It comes with pre-installed Nokia apps including Camera Extras, Nokia Maps, Nokia Drive and Nokia Music.</p>',
			'published' => true,
			'created' => '2013-03-15',
			'modified' => '2013-05-24',
			'keywords' => '',
			'description' => 'Nokia has launched Nokia Lumia 510, an entry-level Smartphone in the market.',
			'sortorder' => '726',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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		'Article' => array(
			'id' => '841',
			'article_category_id' => '56',
			'title' => 'Colors Mobile Colors X1',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img align="left" alt="" height="209" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/colors_mobile.jpg" style="margin:0 10px 0 0;" width="120" /></p>
<p style="text-align: justify;">
	Colors Mobile has launched a new touch phone named Colors X1. According to the company, this is the most affordable feature-packed mobile handset in its category. The phone comes with a 2.8” resistive touch screen with features like analog TV, unique user interface, MP3/MP4 player, 1000 mAh battery, wireless FM and JAVA. There is one year warranty on the mobile handset and six months warranty on the battery and charger.</p>
<div>
	 </div>
<div>
	 </div>
<div>
	 </div>
<div>
	 </div>
<div>
	 </div>
<div>
	 </div>',
			'published' => true,
			'created' => '2013-03-15',
			'modified' => '2013-05-24',
			'keywords' => '',
			'description' => 'Colors Mobile has launched a new touch phone named Colors X1.',
			'sortorder' => '725',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 3 => array(
		'Article' => array(
			'id' => '840',
			'article_category_id' => '56',
			'title' => 'Colors Mobile Launched A New Phone',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img align="left" alt="" height="241" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/colors_mobileF14.jpg" style="margin: 0px 20px 0px 0px;" width="100" /></p>
<p style="text-align: justify;">
	Colors Mobile has launched a new phone F-14 in its Fighter series. It is a dual SIM phone with dual standby and has features like a big speaker, Bluetooth, FM radio, 1.3 MP Camera, audio and video players and expandable memory. The company claims that the phone is useful in &nbsp;load shedding hours as it has a big battery that lasts longer.&nbsp;</p>
<div>
	 </div>
<div>
	 </div>
<div>
	 </div>
<div>
	 </div>
<div>
	 </div>
<div>
	 </div>
<div>
	 </div>
<div>
	 </div>
<div>
	 </div>',
			'published' => true,
			'created' => '2013-03-15',
			'modified' => '2013-05-24',
			'keywords' => '',
			'description' => 'Colors Mobile has launched a new phone F-14 in its Fighter series.',
			'sortorder' => '724',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
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		'Article' => array(
			'id' => '838',
			'article_category_id' => '56',
			'title' => 'Syakar Trading Company Pvt Ltd',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p style="text-align: justify;">
	<img alt="Syakar Trading Company" height="91" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/syakar_trading.jpg" width="400" /></p>
<p style="text-align: justify;">
	Syakar Trading Company Pvt Ltd, the exclusive distributor of Honda generators and power products for Nepal, has announced a scratch card scheme targeted to benefit business and household this winter. The scheme is named “Honda Scratch Card offer” under which purchase of any Honda power products or generators will entitle the buyer a scratch card. Each scratch card holds instant cash prizes ranging from Rs 1000 to Rs 100,000.</p>',
			'published' => true,
			'created' => '2013-03-15',
			'modified' => '2013-05-24',
			'keywords' => '',
			'description' => 'Syakar Trading Company Pvt Ltd, the exclusive distributor of Honda generators and power products for Nepal, has announced a scratch card scheme targeted to benefit business and household this winter.',
			'sortorder' => '723',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
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		'Article' => array(
			'id' => '839',
			'article_category_id' => '56',
			'title' => 'Kelvinator Washing Machines',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img align="left" alt="Kelvinator Washing Machines " height="231" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/machine_6kg.jpg" style="margin:0 10px 0 0;" width="150" /></p>
<p style="text-align: justify;">
	The authorized distributor for Kelvinator brand in Nepal, EOL Pvt Ltd has introduced two new models of Kelvinator Washing Machines namely WMKT6012RGFAU (6 KG) and WMKT6512RGFAU (6.5 KG). These washing machines have features like eight wash programmes, child lock, memory backup, auto balancing, auto error detection and auto off, among others. These washing machines are available at Rs 23,790 and Rs 26,790 respectively.</p>
<p style="text-align: justify;">
	 </p>
<p style="text-align: justify;">
	 </p>
<p style="text-align: justify;">
	 </p>
<p style="text-align: justify;">
	 </p>',
			'published' => true,
			'created' => '2013-03-15',
			'modified' => '2013-05-24',
			'keywords' => '',
			'description' => 'The authorized distributor for Kelvinator brand in Nepal, EOL Pvt Ltd has introduced two new models of Kelvinator Washing Machines.',
			'sortorder' => '722',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
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		'Article' => array(
			'id' => '835',
			'article_category_id' => '34',
			'title' => 'Ncell To Introduce Recharge Through Kiosks',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img align="left" alt="Ncell Recharge" height="413" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/ncell_recharge(1).jpg" style="text-align: justify; margin: 0px 10px 10px 0px;" width="230" /></p>
<p style="text-align: justify;">
	Ncell is going to introduce a new facility that will enable its customers to recharge balances through kiosk machines. According to the company, Ncell customers can top-up their balance themselves by inserting bank notes of Rs 20 denomination or above in the inlet of kiosks.&nbsp;</p>
<p style="text-align: justify;">
	“The customers can recharge whatever amount they are comfortable with, starting from Rs 20, by inserting appropriate bank notes,” reads the official press statement.</p>
<p style="text-align: justify;">
	Ncell plans to install the facility first in the Kathmandu Valley, and expand it outside later. The company plans to install 40 kiosks in different parts of the valley in the initial phase.“Recharge Kiosks will be the first facility of its kind in Nepal. They will ease and empower the customers greatly. Hence, we feel glad for being able to serve the customers in a new way,” said Sanju Koirala, Corporate Communication Director at Ncell.</p>
<p style="text-align: justify;">
	According to the company, once the new facility is introduced, the customers will not need to rely on recharge cards alone to top up the balance. It will also assure that the customers get full recharge for the money they pay at maximum retail price (MRP).To recharge via kiosks, Ncell customers would first need to choose the language (‘Nepali’ or ‘English’), then select Ncell (the service provider’s name) displayed on the screen and enter the 10-digit mobile number they wish to recharge.</p>',
			'published' => true,
			'created' => '2013-03-15',
			'modified' => '2013-05-24',
			'keywords' => '',
			'description' => 'Ncell is going to introduce a new facility that will enable its customers to recharge balances through kiosk machines.',
			'sortorder' => '721',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
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		'Article' => array(
			'id' => '834',
			'article_category_id' => '34',
			'title' => 'Samsung Mobile Expo Concludes',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img align="" alt="Samsung Mobile Expo" height="308" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/samsung_mobileExpo.jpg" style="margin:0 0 10px 10px;" width="500" /></p>
<p style="text-align: justify;">
	Samsung Mobile Expo 2013 concluded on January 29 registering a turnover of Rs 100 million during the weeklong exhibition held at Civil Mall, Sudhara. According to the organisers, some 230,000 visitors attended the expo.&nbsp;</p>
<p style="text-align: justify;">
	More than 25 mobile companies participated in the expo showcasing their products in over 62 stalls. According to Purushottam Basnet, President of Mobile Traders Association of Nepal – the organiser- the expo themed ‘Sanchar nai sansar’ was successful, because of the overwhelming response from the visitors.&nbsp;</p>
<p style="text-align: justify;">
	The expo marked the presence of brands such as Samsung, Nokia, Carbon, LG, Spice, Colors, and Sony, among others. The expo was a perfect destination to see and understand the latest technologies in the mobile phone industry and purchase gadgets like smartphones and tablets. Exhibitors also offered attractive offers, including discounts, on the purchases. Various attractive gift hampers were also given away as the door prize for the visitors.&nbsp;</p>',
			'published' => true,
			'created' => '2013-03-15',
			'modified' => '2013-03-15',
			'keywords' => '',
			'description' => 'Samsung Mobile Expo 2013 concluded on January 29 registering a turnover of Rs 100 million during the weeklong exhibition held at Civil Mall, Sudhara.',
			'sortorder' => '720',
			'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' => '833',
			'article_category_id' => '34',
			'title' => 'Tourist Arrivals Decline After 3.5 Years',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p style="text-align: justify;">
	Tourist arrivals for January witnessed a sharp slump compared to the same month of 2012. According to the figures released by the Immigration Office, Tribhuvan International Airport (TIA), the tourist arrivals reached 35,330 with a 15.9 per cent decline in January this year compared to the same month last year.</p>
<p style="text-align: justify;">
	According to the official press statement issued by Nepal Tourism Board (NTB), major source markets have recorded negative growths in tourist arrivals in the first month of 2013. “In the SAARC region, only Pakistan has recorded a positive growth of 5.8 per cent. India which constitutes the major market of Nepal, has recorded a negative growth of 26.1 per cent. Arrivals from Bangladesh and Sri Lanka have also registered negative a growth by 62.6 per cent and 42.6 per cent respectively,” reads the statement.</p>
<p style="text-align: justify;">
	Tourist arrivals from other Asian countries have also registered a negative growth of 16.4 per cent on average. According to NTB, tourist arrivals from China have decreased by a whopping 40.3 per cent whereas the arrivals from Japan, Singapore, Thailand, Malaysia and South Korea have increased by 16.8, 10.3, 4.3, 42.6 and 11.2 per cent respectively.</p>
<p style="text-align: justify;">
	An overall negative growth of 15 per cent has been observed from the European market while tourist arrivals from Australia, New Zealand and the USA have registered growths of 27.3, 25, and 13 per cent respectively. A negative growth of 27.4 per cent has been recorded from Canada in January 2013 compared to January 2012, says the press release.</p>
<p style="text-align: justify;">
	A total of 45,667 foreign tourists departed from TIA in January 2013. The number of Nepali arrivals stood at 69,442 while 91,281 Nepalis departed from TIA in January 2013.</p>
<div style="text-align: justify;">
	 </div>',
			'published' => true,
			'created' => '2013-03-15',
			'modified' => '2013-05-24',
			'keywords' => '',
			'description' => 'Major source markets have recorded negative growths in tourist arrivals in the first month of 2013. India which constitutes the major market of Nepal, has recorded a negative growth of 26.1 per cent.',
			'sortorder' => '719',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
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	),
	(int) 9 => array(
		'Article' => array(
			'id' => '828',
			'article_category_id' => '65',
			'title' => 'IFC Suggestions For Favourable Investment Climate',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p style="text-align: justify;">
	<span style="text-align: justify;">The SouthAsia Enterprise Development Facility (SEDF) under the International Financial Corporation (IFC) has proposed improvements in five sectors to improve Nepal’s business environment. &nbsp;SEDF has suggested that immediate steps be taken in five different areas for enhancing the business environment of Nepal. These five different areas are namely, beginning of business and competition, financial infrastructure, operating a business, rights over land and property, and business closure.</span></p>
<p style="text-align: justify;">
	SEDF proposed a 56-point suggestion for improving the business environment during a workshop organised in Kathmandu on January 24. The suggestions were presented among the concerned stakeholders. Representatives from the government, IFC and the private sector were present in the seminar.&nbsp;</p>
<p style="text-align: justify;">
	Presenting a working paper, analyst Shyam Krishna Shrestha said that the suggestions were prioritised for sectors where Nepal failed to prove on the Doing Business Index. &nbsp;Nepal was listed on 108th position out of 185 countries on Doing Business Index 2013. According to the report Nepal falls on fourth country among eight countries of South Asia.</p>
<p style="text-align: justify;">
	Similarly, a report on economic freedom has ranked Nepal 147th out of 179 countries. Similarly, Nepal is ranked 125th out of 144 countries on the Global Competitive Index 2013 (GCI). Likewise, Nepal ranks fifth out of five South Asian countries listed on the GCI and sixth among seven countries listed on the economic freedom index.</p>
<p style="text-align: justify;">
	Incumbent Registrar Toya Nath Adhikari said that starting up and closing down a business is still tough in Nepal. He said that because of this reason almost two-thirds of the companies registered at the Company Registrar’s Office (CRO) are inactive. He expected that when the CRO’s services are made available online the situation can improve. “Prudent services can be provided when the provision of digital signature is in place.”</p>
<div style="text-align: justify;">
	 </div>',
			'published' => true,
			'created' => '2013-03-15',
			'modified' => '2013-03-15',
			'keywords' => '',
			'description' => 'The SouthAsia Enterprise Development Facility (SEDF) under the International Financial Corporation (IFC) has proposed improvements in five sectors to improve Nepal’s business environment.  SEDF has suggested that immediate steps be taken in five different areas for enhancing the business environment of Nepal.',
			'sortorder' => '718',
			'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' => '832',
			'article_category_id' => '65',
			'title' => 'Fifty Percent Compulsory For Domestic Goods',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p style="text-align: justify;">
	“The government is trying to introduce new reforms to make it mandatory for the public sector to use at least 50 per cent Nepali products,” said Krishna Hari Baskota, Secretary at the Office of the Prime minister and the Council of Ministers. He said, ”We are going to introduce such reforms to increase the consumption of domestically produced goods, decrease the losses of domestic industries and promote Nepali products.”&nbsp;</p>
<p style="text-align: justify;">
	This reform will make it mandatory for government offices to use &nbsp;Nepali stationary goods, raw material for clothes, caps, leather belts and shoes, medicines, furniture as well as construction materials such as cement, bricks and electronic appliances, as far as available. Together with this, gift products, foods and beverages should be consumed by the public sector as chosen by the government.&nbsp;</p>
<p style="text-align: justify;">
	“Although the imported goods may be 15 per cent expensive and compete with quality, domestic products must be promoted”, said Krishna Gyanwali, secretary at the Ministry of Industry.&nbsp;</p>
<p style="text-align: justify;">
	FNCCI Vice President, Bhawani Rana says that the reform to be introduced by the government is most welcome. “Although FNCCI has been demanding the public sector and the corporate houses to use domestic products, it has not been successful. If this proposal is implemented, the domestic industries are going to prosper,” she said. The proposal mentions that the reason behind the slow growth of domestic industries is not using their products by the government citing that they are expensive than their imported counterparts. The reform proposal has already been prepared by the Ministry of Industry and will soon be submitted to the Office of the Prime Minister and Council of Ministers.&nbsp;</p>',
			'published' => true,
			'created' => '2013-03-15',
			'modified' => '2013-03-15',
			'keywords' => '',
			'description' => 'Although FNCCI has been demanding the public sector and the  corporate houses to use domestic products, it has not been successful.',
			'sortorder' => '717',
			'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' => '831',
			'article_category_id' => '65',
			'title' => 'Industrial Production Increased In Q1',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p style="text-align: justify;">
	Compared to the first quarter of the previous fiscal year, the same period of the running fiscal year 2012/13 has witnessed a significant growth in the manufacturing sector. According to the figures released by the Central Bureau of Statistics (CBS) in January, the country’s overall industrial production index has increased by 12.56 points from 98.50 in the first quarter of previous fiscal year to 111.06 in the same period this year.</p>
<p style="text-align: justify;">
	Compared to the first quarter of the previous fiscal year, the production of bakery, chocolates, processed tea, textiles, garments, soaps, plastic and cement has sizeably increased in the same period this year. &nbsp;The production index of chocolates has increased the most by over 67 points to 174.03 this year from 106.69 in the first three months of the last fiscal year. Similarly, the production of bakery products has gone up to 185.36 with an increment of 58.09 points. Garment production has increased by 60.77 points and reached 152.95 this year. Likewise, textile production has increased by 43.9 points and reached 103.30 in the first three months of this fiscal year.</p>
<p style="text-align: justify;">
	Similarly, milk, liquor, woollen carpets, papers, lube oil, drugs and furniture production too has increased, according to the statistics. However, the production of soybean oil, vegetable ghee, steel rods and electric cables has declined. The figures show that the production of soybean oil has declined the most by 62 points and reached 98.90 during the review period. Likewise, the production of vegetable ghee too has decreased to 72.35 from 99.40 in the first quarter of the previous fiscal year. Similarly, steel rods’ production has decreased by 7 points to reach 112.37. Among others, production of cigarettes, plywood, food grains and animal feeds too has decreased.</p>',
			'published' => true,
			'created' => '2013-03-15',
			'modified' => '2013-03-15',
			'keywords' => '',
			'description' => 'Compared to the first quarter of the previous fiscal year, the same period of the running fiscal year 2012/13 has witnessed a significant growth in the manufacturing sector.',
			'sortorder' => '716',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
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		'Article' => array(
			'id' => '830',
			'article_category_id' => '65',
			'title' => 'Four Firms Seek Permit To Import Petroleum',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p style="text-align: justify;">
	Four private firms have shown interest in acquiring government permits to import and distribute petroleum products. These firms have applied for the permit, which has until now only been issued to Nepal Oil Corporation, said Laxman Shrestha, director at the Department of Commerce and Supplies Management.</p>
<p style="text-align: justify;">
	Malika Petrolem Pvt Ltd, Birat Petroleum Company Pvt Ltd, Star Energy &amp; Innovation Pvt Ltd and Chandi Lumbini Gas have applied for the permit, based on a decision taken by the government in 2009.</p>
<p style="text-align: justify;">
	&nbsp;"Although the government decided to allow private firms to import and distribute fuel in 2009, the decision is yet to be implemented due to the lack of government guidelines,” informed Shrestha. He added that the applications will be considered only after the Cabinet approves a directive to implement the 2009 decision. The Cabinet's Economic and Infrastructure Committee is holding discussions over the directive.&nbsp;</p>
<p style="text-align: justify;">
	"As the directive has been already been sent to the Cabinet, we are making necessary arrangements to import and distribute fuel,” a representative of Star energy said.&nbsp;</p>
<p style="text-align: justify;">
	As per the rules laid down by the World Trade Organisation (WTO), the government should get rid of state monopoly in all sectors within 2015/16. An officer at the Ministry of Commerce and Supplies said, "In view of the WTO rules, we are working on the directive."</p>
<div style="text-align: justify;">
	 </div>',
			'published' => true,
			'created' => '2013-03-15',
			'modified' => '2013-03-15',
			'keywords' => '',
			'description' => 'Four private firms have shown interest in acquiring government permits to import and distribute petroleum products. These firms have applied for the permit, which has until now only been issued to Nepal Oil Corporation, said Laxman Shrestha, director at the Department of Commerce and Supplies Management.',
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		'Article' => array(
			'id' => '829',
			'article_category_id' => '65',
			'title' => 'Online Company Registration From Feb 7',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	The Company Registrar’s Office (CRO) has made a provision of online registration for new companies starting February 7. For this purpose, the CRO has issued a new Electronic Filing Directives 2012. The office said that as the legal and technical preparations are over, company registration, renewal, filing details and related works can be completed online from February 7.</p>
<p>
	The CRO had been testing the service since November 9. To avail the online services, one can log on to www.ocr.gov.np. According to the CRO, most of the banks and financial institutions utilised the service during the trial period itself. The CRO has also called for registered companies to submit the necessary documents via online.</p>',
			'published' => true,
			'created' => '2013-03-15',
			'modified' => '2013-03-15',
			'keywords' => '',
			'description' => 'The Company Registrar’s Office (CRO) has made a provision of online registration for new companies starting February 7. For this purpose, the CRO has issued a new Electronic Filing Directives 2012.',
			'sortorder' => '714',
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	(int) 14 => array(
		'Article' => array(
			'id' => '827',
			'article_category_id' => '76',
			'title' => 'Merger: A Morale-booster',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img align="right" alt="" height="214" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/merger.jpg" style="margin: 0px 0px 0px 10px;" width="350" /></p>
<p style="text-align: justify;">
	Nepal Rastra Bank’s policy to encourage merger between bank and financial institutions seems to be paying off. The latest merger inked on February 1 between NIC Bank and Bank of Asia, both ‘A Class’ commercial banks, shows just that. This merger will create a bigger capital base and infrastructure for the new entity, which in turn would help serve the clients better and lend strength to the nation’s fledgling banking industry.&nbsp;</p>
<p style="text-align: justify;">
	As of now, any individual bank’s lending capacity is far from being impressive. The banks are not able to finance cost-intensive projects. For business and commerce to intensify and industries to grow, a strong banking system with financial depth is a prerequisite. It’s heartening that the country has a plethora of banks. The only problem is that they lack capacity and that is a big drawback. Institutional capacity and strong capital base are the fundamental parameters for the banking industry the world over. And, Nepali banks will have to do the catching up before they are taken seriously both within and outside the country.&nbsp;</p>
<p style="text-align: justify;">
	A merger of this kind where two commercial banks rated highly for their institutional and financial strengths are merging helps the industry in a big way. Now, the new entity can finance even more cost-intensive projects. This is good news for the industry and the economy of the country. Industrial development has not taken off in the country as yet but with a more stable political environment, this is likely to begin soon. And, for that to begin, banks need to be in a position to drive and sustain such growth, which basically means they need to have the institutional capacity and capital base of a different level, something perhaps unimaginable now.&nbsp;</p>
<p style="text-align: justify;">
	But as they say, take a step at a time and take it in the right direction. This latest merger of two commercial banks is surely such a step – taken in the right direction. For Nepal Rastra Bank (NRB) and particularly its Governor Dr Yuvaraj Khatiwada, who is said to have been pursuing the merger policy aggressively, this is a big morale-booster. We hope NRB will continue with its merger policy with the same gusto and give us a cleaner and more reliable banking industry in the country.&nbsp;</p>',
			'published' => true,
			'created' => '2013-03-15',
			'modified' => '2013-05-24',
			'keywords' => '',
			'description' => 'Nepal Rastra Bank’s policy to encourage merger between bank and financial institutions seems to be paying off. The latest merger inked on February 1 between NIC Bank and Bank of Asia, both ‘A Class’ commercial banks, shows just that.',
			'sortorder' => '713',
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