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Code Context
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		'Article' => array(
			'id' => '695',
			'article_category_id' => '34',
			'title' => 'FNCCI Delegation Meets Uttar Pradesh Chief Minister',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img alt="fncci" border="1" height="155" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/fncci(1).jpg" vspace="5" width="300" /><br />
	<br />
	<br />
	Uttar Pradesh (UP) Chief Minister Akhilesh Yadav assured a visiting Nepali delegation that his government would develop infrastructure in bordering districts on a priority basis. Yadav was interacting with the visiting delegation of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) led by its Vice-President Bhawani Rana. He assured them that he would write to the union government of India for issues like the laying of a railway line, power and customs etc. <br />
	<br />
	Nepali entrepreneurs led by Rana and accompanied by media persons, on the occasion, apprised Yadav of various problems that Nepali entrepreneurs have been facing at the UP border. Representatives of FNCCI district chapters from the seven districts connected to UP briefed him about the problems they have been facing with border customs, transportation and security, while importing and exporting goods from India through UP. The Indian state is connected with eight districts of Nepal and is a major land route for imports from India. <br />
	<br />
	The 500-km-long Indo- Nepal border along the eight districts of Uttar Pradesh — Pilibhit, Lakhimpur Kheri, Bahraich, Shravasti, Balrampur, Sidharth Nagar, Maharajganj and Kushinagar –– and eight districts of Nepal — Kanchanpur, Kailali, Banke, Bardia, Dang, Rupandehi, Kapilvastu, and Nawalparasi –– play a significant role for the promotion of trade and investment as well as socioeconomic and cultural ties between the two countries. Saying that ties between India and Nepal date back to ancient times, Yadav said the problems of importing herbals from Nepal to India and the laying of a road running from Doodhibadi in Nepal till Gorakhpur in India, passing through the border district of Maharajganj, as raised by the Nepali delegation, would be taken up on priority. Yadav added that till the work on the proposed roads was not taken up, repairs of the existing roads would be taken up quickly so that movement of goods and people was not hindered. <br />
	<br />
	On law and order in the neighbouring districts of Nepal, he said UP Police officials would be vigilant at the Indo-Nepal border. Nepali delegates asked Yadav to also upgrade the Gaurifanta customs and Thutebari customs on the Indian side that will help boost trade with Nepal. The first ever team of Nepali entrepreneurs visiting the Indian state to boost trade and promote tourism jointly between the adjoining areas of the two countries, also held meetings with the Confederation of Indian Industries (CII) and customs officials, and discussed various issues. <br />
	 </p>',
			'published' => true,
			'created' => '2012-08-16',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Uttar Pradesh (UP) Chief Minister Akhilesh Yadav assured a visiting Nepali delegation that his government would develop infrastructure in bordering districts on a priority basis. Yadav was interacting with the visiting delegation of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) led by its Vice-President Bhawani Rana. He assured them that he would write to the union government of India for issues like the laying of a railway line, power and customs etc.',
			'sortorder' => '592',
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			'id' => '694',
			'article_category_id' => '34',
			'title' => 'Machhapuchhre And Standard Finance Merge',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img alt="machhapuchhre" border="1" height="90" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/machhapuchhre.jpg" vspace="5" width="624" /><br />
	<br />
	Machhapuchhre Bank Limited (MBL) and Standard Finance Limited started joint operation after merger from July 9. The merged entity — Machhapuchhre Bank Limited – has a paidup capital of Rs 2.47 billion and reserves of Rs 240 million. “We have framed a long term business strategy of the new entity,” said MBL Chairman Surya Bahadur KC. “We believe the merger is purely a business decision done with an aim to grow and become one of the best financial institutions.” Before the merger, the capital adequacy ratio (CAR) of MBL was near the regulatory requirement of 10 per cent. “It was hurting us because we were unable to do good business despite ample opportunities,” said Apachh Kumar Yadav AGM of MBL. “On the other hand, Standard Finance’s CAR was pretty high, making the fund idle.” <br />
	<br />
	<br />
	Therefore, according to officials, the amalgamation will complement each other. Following the central bank’s refusal to entertain Standard’s application for upgradation into a commercial bank, its funds had remained idle. After the merger, the number of branches of the new entity will increase to 54. “There will be duplication of branches in five places,” said Standard CEO Umesh Singh Bhandari. “We are planning to relocate these branches.” <br />
	<br />
	<br />
	The officials also said the human resource is being handled carefully. All employees will have a place in the merged entity,” said Bhandari. According to him, the merger has increased the competitive ability of the bank. The bank will soon resume its operations in the rural sectors deprived of banking facilities, he added. <br />
	<br />
	<br />
	The speaker of Nepal Rastra Bank, Bhaskar Mani Gyawali has considered mergers between Nepali BFIs as a positive aspect. According to him, almost all the BFIs are eyeing merger as it leads towards strengthened paid up capital. Currently, 12 BFIs are on the verge to get merger approval from NRB. On the other hand, 12 more BFIs have submitted their merger proposals. <br />
	<br />
	 </p>',
			'published' => true,
			'created' => '2012-08-16',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Machhapuchhre Bank Limited (MBL) and Standard Finance Limited started joint operation after merger from July 9. The merged entity — Machhapuchhre Bank Limited – has a paidup capital of Rs 2.47 billion and reserves of Rs 240 million. “We have framed a long term business strategy of the new entity,” said MBL Chairman Surya Bahadur KC. “We believe the merger is purely a business decision done with an aim to grow and become one of the best financial institutions.”',
			'sortorder' => '591',
			'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' => '693',
			'article_category_id' => '34',
			'title' => 'Yamaha MotoGP Screening',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img alt="yamaha" border="1" height="225" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/yamaha.jpg" vspace="5" width="300" /><br />
	<br />
	MAW Enterprises Pvt Ltd, the sole distributor of Yamaha Motorcycle for Nepal, successfully conducted a screening program of MotoGP Racing in the bigger screen of The Factory Restaurant &amp; Bar, Thamel. The MotoGP Racing Championship Grand Prix is happening in different World Class Racing Circuit of the World. During the program, Yamaha had especially invited R15 Customers to watch racing program.<br />
	<br />
	More than 50 R15 Customers and other people participated to watch MotoGP racing. All participants were very excited to watch MotoGP in bigger screen. The company said that Moto GP Racing will be continued for this whole year and will be screened at Factory Restaurant for all the racing lovers. Yamaha had conducted various programs to give excitement to the customers, such as Stunt Show, Ride Tech Challenge, Cine Premier, Street Festival etc.</p>',
			'published' => true,
			'created' => '2012-08-16',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'MAW Enterprises Pvt Ltd, the sole distributor of Yamaha Motorcycle for Nepal, successfully conducted a screening program of MotoGP Racing in the bigger screen of The Factory Restaurant & Bar, Thamel. The MotoGP Racing Championship Grand Prix is happening in different World Class Racing Circuit of the World. During the program, Yamaha had especially invited R15 Customers to watch racing program.',
			'sortorder' => '590',
			'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' => '692',
			'article_category_id' => '34',
			'title' => 'Hyundai Euro Experience Winners',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<br />
	<img alt="hyundai" border="1" height="178" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/hyundai.jpg" vspace="5" width="300" /><br />
	<br />
	<br />
	Football being one of the most cherished games in Nepal and Hyundai being the official partner for EURO 2012, the event was designed for all to celebrate EURO and make it a memorable one. The prize distribution ceremony was held in Hyundai Showroom at Thapathali. This “HYUNDAI PREDICT &amp; WIN” contest was open for the people of all-walks-of-life to participate and win various prizes. <br />
	<br />
	To participate in this contest, the only thing one needed to do was log on to “facebook. com/hyundainepal”. Over 4,000 people participated in the contest. The winners were selected through lucky draw for multiple correct entries. The prizes were distributed to the winners by newly elected President of Laxmi Hyundai MMC (Manang Marshyandi Club) Jamling Ghale and player Anil Gurung. <br />
	 </p>',
			'published' => true,
			'created' => '2012-08-16',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Football being one of the most cherished games in Nepal and Hyundai being the official partner for EURO 2012, the event was designed for all to celebrate EURO and make it a memorable one. The prize distribution ceremony was held in Hyundai Showroom at Thapathali. This “HYUNDAI PREDICT & WIN” contest was open for the people of all-walks-of-life to participate and win various prizes.',
			'sortorder' => '589',
			'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' => '691',
			'article_category_id' => '34',
			'title' => 'JCB Operator Meet In Pokhara',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<br />
	<img alt="jcb" border="1" height="182" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/jcb.jpg" vspace="5" width="300" /><br />
	<br />
	JCB Division, a sole distributor of JCB construction and heavy equipment, organized an “Operator Meet” in Pokhara on 16 Asar. “The main objective behind this event was to educate and update operators about proactive maintenance,” said Marketing Manager of JCB Division. He added, “This type of training is beneficial to operators and machine owners’ as well.” <br />
	<br />
	Operators were educated and made aware about operating machine safely and trouble-free due to which they can increase the life of machine. In addition to above, they were educated about the care of machine in order to minimize the unforeseen breakdowns arising in future. <br />
	<br />
	Besides that, benefits of using genuine parts against spurious parts were also shared. During the program, operators were facilitated with free health checkup by professional doctors. As per the participants, this was the first time they had attended such program in Pokhara and they were highly benefited from the program and also requested MAW to continue this type of programs in nthe ear future as well. <br />
	<br />
	M.A.W. Enterprises Pvt Ltd took the dealership of JCB from 2003. JCB is located in Dhobighat, Lalipur and employs around 100 people with more than 50 per cent market share in Construction and Heavy Equipment Industry in Nepal. <br />
	 </p>',
			'published' => true,
			'created' => '2012-08-16',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'JCB Division, a sole distributor of JCB construction and heavy equipment, organized an “Operator Meet” in Pokhara on 16 Asar. “The main objective behind this event was to educate and update operators about proactive maintenance,” said Marketing Manager of JCB Division. He added, “This type of training is beneficial to operators and machine owners’ as well.”',
			'sortorder' => '588',
			'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' => '690',
			'article_category_id' => '34',
			'title' => 'Prudential Finance And Gorkha Finance To Merge',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Prudential Finance Company Limited and Gorkha Finance Limited signed a Memorandum of Understanding (MoU) to get merged. Prudential Finance Company’s chairman Bhuvan Dev Pant and Gorkha Finance’s Chairman Manoranjan Raman Sharma signed the MoU. The finance companies have planned to conclude the merger procedure by mid-January 2013.</p>',
			'published' => true,
			'created' => '2012-08-16',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Prudential Finance Company Limited and Gorkha Finance Limited signed a Memorandum of Understanding (MoU) to get merged. Prudential Finance Company’s chairman Bhuvan Dev Pant and Gorkha Finance’s Chairman Manoranjan Raman Sharma signed the MoU. The finance companies have planned to conclude the merger procedure by mid-January 2013.',
			'sortorder' => '587',
			'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' => '689',
			'article_category_id' => '34',
			'title' => 'Nepal Reaches 1000 Ford Cars',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img alt="ford" border="1" height="123" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/ford.jpg" vspace="5" width="276" /><br />
	<br />
	<br />
	Since the GO Ford dealership launch on 31 October 2010, 1000 Ford vehicles have been sold in Nepal. In an environment where the vehicle market is really down, it is a great achievement for a brand that entered Nepal market just 19 months ago to hit this number. <br />
	<br />
	<br />
	The different models being sold in Nepal come from India and Thailand. They range from Hatchback to Pick-up. Ford Figo has already become the second most popular vehicle in its segment, racing ahead of older brands that have been in the market for much longer period of time. Following Ford’s worldwide “One Ford Campaign” and new slogan “Go Further”, world class models like All-New Fiesta have been launched in Nepal. There are further plans to launch newer models and internationally favorite models in a few months time. So far, Ford has been the only brand to take the initiative of transporting vehicles in a carrier from border to Kathmandu and not driven down. <br />
	 </p>',
			'published' => true,
			'created' => '2012-08-16',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Since the GO Ford dealership launch on 31 October 2010, 1000 Ford vehicles have been sold in Nepal. In an environment where the vehicle market is really down, it is a great achievement for a brand that entered Nepal market just 19 months ago to hit this number.',
			'sortorder' => '586',
			'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) 7 => array(
		'Article' => array(
			'id' => '688',
			'article_category_id' => '34',
			'title' => 'CNI, HCI Sign MoU',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img alt="CNI HCL " border="1" height="164" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/cni.jpg" vspace="5" width="300" /><br />
	<br />
	Confederation of Nepalese Industries (CNI) signed a Memorandum of Understanding (MoU) with Himalayan Climate Initiative (HCI) at a public function on July 15 in the presence of Honorable Dr Keshab Man Shakya, Minister at Ministry of Environment, Science and Technology. <br />
	<br />
	The MoU, which is considered as a first bold step of Nepal’s business leaders for putting Nepal on a low carbon development and green economy path, brings CNI and HCI together. The association would help build the capacity of CNI members on issues related to Climate Change and climate financing with the purpose of putting the private sector in leadership role. Dr Shakya, commended the MoU saying, “This is the way to go forward. The private sector, NGOs and the Government must work hand in hand to create a win-win for all.” <br />
	<br />
	Binod Chaudhary, the President of CNI, emphasized on the need for the Government and all sectors to come together through a cohesive platform and to create incentives through practical plans to help the Nepalese industries at this formative stage when they are struggling to move towards a greener path. <br />
	<br />
	Mr. Krishna Gyawali, Secretary at Ministry of Environment Science and Technology, said on the occasion, “We need to build on our strengths in terms of harnessing our renewable energy sources. Creating incentives for the private sector investment in the renewable energy will bring benefits to all.” The CEO and founder of HCI Prashant Singh highlighted the benefits of going green for the Nepalese industries and economy and committed that this partnership will bring concrete results in a relatively short span of time. <br />
	 </p>',
			'published' => true,
			'created' => '2012-08-16',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Confederation of Nepalese Industries (CNI) signed a Memorandum of Understanding (MoU) with Himalayan Climate Initiative (HCI) at a public function on July 15 in the presence of Honorable Dr Keshab Man Shakya, Minister at Ministry of Environment, Science and Technology.',
			'sortorder' => '585',
			'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' => '687',
			'article_category_id' => '34',
			'title' => 'Two Pairs Of BFIs Merger Procedure Accomplished',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	The merger between Annapurna Development Bank (ADB)-Suryadarshan Finance and Pashupati Development Bank (PDB)- Udhyam Development Bank (UDB) took place after receiving approval from Nepal Rastra Bank (NRB) on July 5. <br />
	<br />
	<br />
	After the merger, the companies started their operations as Supreme Development Bank (SDB) and Axis Development Bank (ADB) respectively from July 13. Shyam Kumar Katuwal, CEO of SDB, informed, “Khem Prashad Subedi, President of ADB would resume his position as the new President and Ambika Shrestha will be positioned as the CEO of SDB.” “Shrestha will commence his position as CEO till the first AGM of the company,” said Katuwal. The new headquarter of the company will be located at New Baneshwor. After the merger, the paid up capital of the company is worth Rs 770.20 million, credit flow- Rs 1.70 billion, deposit-Rs 2 billion and reserved fund-Rs 180 million. SDB will operate its services from 13 branch offices after amalgamation. The number of clients has reached the figure of 25,000 for SDB. <br />
	<br />
	<br />
	Similarly, Axis development Bank will start its business from October this year. Prakash Shrestha, CEO of PDB, said, “Axis Development Bank will start operating after a few months.” Meanwhile, the bank is working to develop its physical infrastructure, he added. <br />
	<br />
	<br />
	The bank’s headquarter would remain at Banepa and the corporate office at Kathmandu itself. Shrestha will resume his position of CEO after the merger as well. <br />
	<br />
	<br />
	 </p>',
			'published' => true,
			'created' => '2012-08-16',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'The merger between Annapurna Development Bank (ADB)-Suryadarshan Finance and Pashupati Development Bank (PDB)- Udhyam Development Bank (UDB) took place after receiving approval from Nepal Rastra Bank (NRB) on July 5.',
			'sortorder' => '584',
			'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' => '686',
			'article_category_id' => '34',
			'title' => 'Rs1 Billion Sugar Industry In Morang',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img alt="sugar" border="1" height="231" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/morang.jpg" vspace="5" width="300" /><br />
	<br />
	<br />
	H P Agrawal Group is all set to establish Sugar Industry worth an investment of Rs 1 billion with the capacity to produce 25 tons of sugar per day in Morang. Manish Agrawal, Managing Director of ‘Padma Sugar and Allied Industries’ informed that the industry will come into operation within two years. The company has purchased the land area of 35 bighas in Darwesa DVC of Morang to set up the sugar industry. <br />
	<br />
	“The company has received permission letter from the government in order to establish sugar industry,” shared Agrawal. The demand of sugar has been increasing by 10 per cent annually in Nepal. Agrawal accounted this reason as a motivation to set up the industry. <br />
	<br />
	The industrial source revealed that the raw material required for sugar production is available within the industrial site. “The farmers are attracted towards sugarcane farming as they tend to get good return from it,” said Agrawal. Therefore, there will not be a shortage of raw material for production, as there is adequate supply from local sources, he added. <br />
	<br />
	Agrawal informed that the industry would produce five million tons of ethanol annually from the residues of sugar. The company will provide employment opportunities to about 550 people. The annual demand of sugar in Nepal is 180,000 ton. However, only 130,000 ton sugar supply has been taking place. HP Agrawal Group entered the sugar industry about five years ago with Lumbini Sugar Industry. The company has its investment in oil, wheat flour, refined oil, soap, vegetable oil, jJute etc. <br />
	 </p>',
			'published' => true,
			'created' => '2012-08-16',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'H P Agrawal Group is all set to establish Sugar Industry worth an investment of Rs 1 billion with the capacity to produce 25 tons of sugar per day in Morang. Manish Agrawal, Managing Director of ‘Padma Sugar and Allied Industries’ informed that the industry will come into operation within two years. The company has purchased the land area of 35 bighas in Darwesa DVC of Morang to set up the sugar industry.',
			'sortorder' => '583',
			'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' => '685',
			'article_category_id' => '34',
			'title' => 'Global IME Bank Starts Operation',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img alt="global bank" border="1" height="158" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/global.jpg" vspace="5" width="400" /><br />
	<br />
	<br />
	Global Bank has become the first class ‘A’ financial institution to lead the merger of three institutions. It had first signed a memorandum of understanding (MoU) with IME Financial Institution for the merger and later with Lord Budhha Finance. A special general meeting of Global Bank held in the second week of May had given nod to the merger plan. <br />
	<br />
	Global Bank Chairman Chandra Prasad Dhakal said, “After the merger, the new entity has been named Global IME Bank and will have a paid-up capital of around Rs 2.58 billion.” Dhakal continues to lead Global Bank as Chairperson and current CEO Ratna Raj Bajracharya retained his position. <br />
	<br />
	According to the bank, its paid-up capital has reached Rs 2.18 billion, deposits - Rs 26 billion and credit - Rs 20 billion after the three financial institutions came together. It has also issued debentures worth Rs 400 million to expand its capital. Following the merger, the number of branches has expanded to 62 and it has a presence in 13 zones in the country. <br />
	 </p>',
			'published' => true,
			'created' => '2012-08-16',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Global Bank has become the first class ‘A’ financial institution to lead the merger of three institutions. It had first signed a memorandum of understanding (MoU) with IME Financial Institution for the merger and later with Lord Budhha Finance. A special general meeting of Global Bank held in the second week of May had given nod to the merger plan.',
			'sortorder' => '582',
			'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) 11 => array(
		'Article' => array(
			'id' => '684',
			'article_category_id' => '34',
			'title' => 'Coca-cola Expression 2012',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img alt="cocacola" border="1" height="213" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/cocacola.jpg" vspace="5" width="300" /><br />
	<br />
	<br />
	Coca-Cola Nepal, in association with Ace Institute of Management, organized the 4th Inter-College Festival - Expressions 2012. The festfeatured 15 colleges with 20 teams participating. The rock band 1974 AD also performed at the fest. The program was organized targeting graduate and postgraduate students with the theme “Involve Yourself.” The Inter-College Festival provided a platform for students to showcase their talent in various fields, including music, fine arts, fashion shows, and dramas. <br />
	<br />
	<br />
	The event acted as a medium for Coca-Cola to reach out to youngsters in an engaging and entertaining manner. <br />
	<br />
	 </p>',
			'published' => true,
			'created' => '2012-08-16',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Coca-Cola Nepal, in association with Ace Institute of Management, organized the 4th Inter-College Festival - Expressions 2012. The festfeatured 15 colleges with 20 teams participating. The rock band 1974 AD also performed at the fest.',
			'sortorder' => '581',
			'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) 12 => array(
		'Article' => array(
			'id' => '683',
			'article_category_id' => '34',
			'title' => 'Malaysian Airlines Adds Kathmandu To Its Network',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img alt="malaysia" border="1" height="57" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/malayaasia.jpg" vspace="5" width="300" /><br />
	<br />
	<br />
	Malaysia Airlines announced the introduction of yet another route to its network with the commencement of thrice-weekly direct services between Kuala Lumpur and Kathmandu effective from first of September 2012. According to Marco Polo, General Sales Agent of Malaysian Airlines, The airlines has prepared attractive packages to its customers with the commencement of its flight. <br />
	<br />
	“From 1 September 2012, flight MH170 will depart Kuala Lumpur on Tuesdays, Thursdays and Saturdays at 8:55am to arrive at Kathmandu at 11:30am. The return flight MH171 departs Kathmandu at 12:20pm to arrive at Kuala Lumpur at 7:15pm,” informed, Deepak Tuladhar, Operation Manager, Marco Polo. <br />
	<br />
	According to Tuladhar, the one-way flight charge is Rs 22,731 while the two-way flight will cost Rs 45,619. “Marco Polo Travels in association with Malaysian Travel Agency-MAS Holiday has prepared 2 nights and 3 days holiday packages for both national and international tourists,“ shared Tuladhar. The package includes stay in star rated hotel, sightseeing, transportation facilities for both inbound and outbound tourists. <br />
	<br />
	A two-class configured Boeing 737-800 aircraft with 144 economy class seats and 16 business class seats will be used for the Kuala Lumpur-Kathmandu return service. After the operation of Malaysian airlines, the flow of tourists along with Nepalis seeking employment opportunities will grow certainly, said Tuladhar. <br />
	 </p>',
			'published' => true,
			'created' => '2012-08-16',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Malaysia Airlines announced the introduction of yet another route to its network with the commencement of thrice-weekly direct services between Kuala Lumpur and Kathmandu effective from first of September 2012. According to Marco Polo, General Sales Agent of Malaysian Airlines, The airlines has prepared attractive packages to its customers with the commencement of its flight.',
			'sortorder' => '580',
			'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) 13 => array(
		'Article' => array(
			'id' => '682',
			'article_category_id' => '34',
			'title' => 'Nabil Completes 28 Years',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img alt="nabil  bank" border="1" height="148" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/nabil.jpg" vspace="5" width="244" /><br />
	<br />
	<br />
	Nabil Bank Limited (NBL) completed its 28th year of operations as the first private sector bank. Over the period, the Bank has grown constantly and remained at the top. Till date, it has total assets of Rs 66.25 billion, deposits of Rs 56.04 billion and loans of Rs 42.57. Its capital adequacy ratio is maintained at 12.03 per cent. NBL currently has 48 branches and 77 ATM outlets across the country. <br />
	<br />
	 </p>',
			'published' => true,
			'created' => '2012-08-16',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Nabil Bank Limited (NBL) completed its 28th year of operations as the first private sector bank. Over the period, the Bank has grown constantly and remained at the top. Till date, it has total assets of Rs 66.25 billion, deposits of Rs 56.04 billion and loans of Rs 42.57. Its capital adequacy ratio is maintained at 12.03 per cent. NBL currently has 48 branches and 77 ATM outlets across the country.',
			'sortorder' => '579',
			'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' => '681',
			'article_category_id' => '34',
			'title' => 'Mahindra REVA Expands REVA Sales In Nepal',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img alt="biz news" border="1" height="323" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/car(3).jpg" vspace="5" width="400" /><br />
	<br />
	<br />
	Mahindra REVA Electric Vehicles Pvt Ltd, one of the pioneers of electric vehicle technology in India, announced that its REVAi vehicle will be available at Mahindra dealership, AGNI ENERGY, in Nepal. This is one of the strategic initiatives announced by the company post its acquisition by the US$ 14.4 billion Mahindra Group. <br />
	<br />
	<br />
	“We are delighted to commence selling of the REVAi in Nepal where Mahindra is already an established brand name in the auto industry. With issues such as climate change and carbon footprint taking centre stage globally, eco-friendly transportation has become the need of the hour. Taking cognisance of this, the Nepal government has also introduced incentives for electric vehicles, making this segment more attractive. The electric vehicle market is hence, poised to grow rapidly. Mahindra’s extensive distribution and service network, coupled with support from various governmental measures will help us make significant inroads into the market,” said P Deep, General Manager – Exports, Mahindra REVA. <br />
	<br />
	 </p>',
			'published' => true,
			'created' => '2012-08-16',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Mahindra REVA Electric Vehicles Pvt Ltd, one of the pioneers of electric vehicle technology in India, announced that its REVAi vehicle will be available at Mahindra dealership, AGNI ENERGY, in Nepal. This is one of the strategic initiatives announced by the company post its acquisition by the US$ 14.4 billion Mahindra Group.',
			'sortorder' => '578',
			'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
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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
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$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
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$articles = array(
	(int) 0 => array(
		'Article' => array(
			'id' => '695',
			'article_category_id' => '34',
			'title' => 'FNCCI Delegation Meets Uttar Pradesh Chief Minister',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img alt="fncci" border="1" height="155" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/fncci(1).jpg" vspace="5" width="300" /><br />
	<br />
	<br />
	Uttar Pradesh (UP) Chief Minister Akhilesh Yadav assured a visiting Nepali delegation that his government would develop infrastructure in bordering districts on a priority basis. Yadav was interacting with the visiting delegation of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) led by its Vice-President Bhawani Rana. He assured them that he would write to the union government of India for issues like the laying of a railway line, power and customs etc. <br />
	<br />
	Nepali entrepreneurs led by Rana and accompanied by media persons, on the occasion, apprised Yadav of various problems that Nepali entrepreneurs have been facing at the UP border. Representatives of FNCCI district chapters from the seven districts connected to UP briefed him about the problems they have been facing with border customs, transportation and security, while importing and exporting goods from India through UP. The Indian state is connected with eight districts of Nepal and is a major land route for imports from India. <br />
	<br />
	The 500-km-long Indo- Nepal border along the eight districts of Uttar Pradesh — Pilibhit, Lakhimpur Kheri, Bahraich, Shravasti, Balrampur, Sidharth Nagar, Maharajganj and Kushinagar –– and eight districts of Nepal — Kanchanpur, Kailali, Banke, Bardia, Dang, Rupandehi, Kapilvastu, and Nawalparasi –– play a significant role for the promotion of trade and investment as well as socioeconomic and cultural ties between the two countries. Saying that ties between India and Nepal date back to ancient times, Yadav said the problems of importing herbals from Nepal to India and the laying of a road running from Doodhibadi in Nepal till Gorakhpur in India, passing through the border district of Maharajganj, as raised by the Nepali delegation, would be taken up on priority. Yadav added that till the work on the proposed roads was not taken up, repairs of the existing roads would be taken up quickly so that movement of goods and people was not hindered. <br />
	<br />
	On law and order in the neighbouring districts of Nepal, he said UP Police officials would be vigilant at the Indo-Nepal border. Nepali delegates asked Yadav to also upgrade the Gaurifanta customs and Thutebari customs on the Indian side that will help boost trade with Nepal. The first ever team of Nepali entrepreneurs visiting the Indian state to boost trade and promote tourism jointly between the adjoining areas of the two countries, also held meetings with the Confederation of Indian Industries (CII) and customs officials, and discussed various issues. <br />
	 </p>',
			'published' => true,
			'created' => '2012-08-16',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Uttar Pradesh (UP) Chief Minister Akhilesh Yadav assured a visiting Nepali delegation that his government would develop infrastructure in bordering districts on a priority basis. Yadav was interacting with the visiting delegation of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) led by its Vice-President Bhawani Rana. He assured them that he would write to the union government of India for issues like the laying of a railway line, power and customs etc.',
			'sortorder' => '592',
			'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) 1 => array(
		'Article' => array(
			'id' => '694',
			'article_category_id' => '34',
			'title' => 'Machhapuchhre And Standard Finance Merge',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img alt="machhapuchhre" border="1" height="90" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/machhapuchhre.jpg" vspace="5" width="624" /><br />
	<br />
	Machhapuchhre Bank Limited (MBL) and Standard Finance Limited started joint operation after merger from July 9. The merged entity — Machhapuchhre Bank Limited – has a paidup capital of Rs 2.47 billion and reserves of Rs 240 million. “We have framed a long term business strategy of the new entity,” said MBL Chairman Surya Bahadur KC. “We believe the merger is purely a business decision done with an aim to grow and become one of the best financial institutions.” Before the merger, the capital adequacy ratio (CAR) of MBL was near the regulatory requirement of 10 per cent. “It was hurting us because we were unable to do good business despite ample opportunities,” said Apachh Kumar Yadav AGM of MBL. “On the other hand, Standard Finance’s CAR was pretty high, making the fund idle.” <br />
	<br />
	<br />
	Therefore, according to officials, the amalgamation will complement each other. Following the central bank’s refusal to entertain Standard’s application for upgradation into a commercial bank, its funds had remained idle. After the merger, the number of branches of the new entity will increase to 54. “There will be duplication of branches in five places,” said Standard CEO Umesh Singh Bhandari. “We are planning to relocate these branches.” <br />
	<br />
	<br />
	The officials also said the human resource is being handled carefully. All employees will have a place in the merged entity,” said Bhandari. According to him, the merger has increased the competitive ability of the bank. The bank will soon resume its operations in the rural sectors deprived of banking facilities, he added. <br />
	<br />
	<br />
	The speaker of Nepal Rastra Bank, Bhaskar Mani Gyawali has considered mergers between Nepali BFIs as a positive aspect. According to him, almost all the BFIs are eyeing merger as it leads towards strengthened paid up capital. Currently, 12 BFIs are on the verge to get merger approval from NRB. On the other hand, 12 more BFIs have submitted their merger proposals. <br />
	<br />
	 </p>',
			'published' => true,
			'created' => '2012-08-16',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Machhapuchhre Bank Limited (MBL) and Standard Finance Limited started joint operation after merger from July 9. The merged entity — Machhapuchhre Bank Limited – has a paidup capital of Rs 2.47 billion and reserves of Rs 240 million. “We have framed a long term business strategy of the new entity,” said MBL Chairman Surya Bahadur KC. “We believe the merger is purely a business decision done with an aim to grow and become one of the best financial institutions.”',
			'sortorder' => '591',
			'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' => '693',
			'article_category_id' => '34',
			'title' => 'Yamaha MotoGP Screening',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img alt="yamaha" border="1" height="225" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/yamaha.jpg" vspace="5" width="300" /><br />
	<br />
	MAW Enterprises Pvt Ltd, the sole distributor of Yamaha Motorcycle for Nepal, successfully conducted a screening program of MotoGP Racing in the bigger screen of The Factory Restaurant &amp; Bar, Thamel. The MotoGP Racing Championship Grand Prix is happening in different World Class Racing Circuit of the World. During the program, Yamaha had especially invited R15 Customers to watch racing program.<br />
	<br />
	More than 50 R15 Customers and other people participated to watch MotoGP racing. All participants were very excited to watch MotoGP in bigger screen. The company said that Moto GP Racing will be continued for this whole year and will be screened at Factory Restaurant for all the racing lovers. Yamaha had conducted various programs to give excitement to the customers, such as Stunt Show, Ride Tech Challenge, Cine Premier, Street Festival etc.</p>',
			'published' => true,
			'created' => '2012-08-16',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'MAW Enterprises Pvt Ltd, the sole distributor of Yamaha Motorcycle for Nepal, successfully conducted a screening program of MotoGP Racing in the bigger screen of The Factory Restaurant & Bar, Thamel. The MotoGP Racing Championship Grand Prix is happening in different World Class Racing Circuit of the World. During the program, Yamaha had especially invited R15 Customers to watch racing program.',
			'sortorder' => '590',
			'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' => '692',
			'article_category_id' => '34',
			'title' => 'Hyundai Euro Experience Winners',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<br />
	<img alt="hyundai" border="1" height="178" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/hyundai.jpg" vspace="5" width="300" /><br />
	<br />
	<br />
	Football being one of the most cherished games in Nepal and Hyundai being the official partner for EURO 2012, the event was designed for all to celebrate EURO and make it a memorable one. The prize distribution ceremony was held in Hyundai Showroom at Thapathali. This “HYUNDAI PREDICT &amp; WIN” contest was open for the people of all-walks-of-life to participate and win various prizes. <br />
	<br />
	To participate in this contest, the only thing one needed to do was log on to “facebook. com/hyundainepal”. Over 4,000 people participated in the contest. The winners were selected through lucky draw for multiple correct entries. The prizes were distributed to the winners by newly elected President of Laxmi Hyundai MMC (Manang Marshyandi Club) Jamling Ghale and player Anil Gurung. <br />
	 </p>',
			'published' => true,
			'created' => '2012-08-16',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Football being one of the most cherished games in Nepal and Hyundai being the official partner for EURO 2012, the event was designed for all to celebrate EURO and make it a memorable one. The prize distribution ceremony was held in Hyundai Showroom at Thapathali. This “HYUNDAI PREDICT & WIN” contest was open for the people of all-walks-of-life to participate and win various prizes.',
			'sortorder' => '589',
			'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' => '691',
			'article_category_id' => '34',
			'title' => 'JCB Operator Meet In Pokhara',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<br />
	<img alt="jcb" border="1" height="182" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/jcb.jpg" vspace="5" width="300" /><br />
	<br />
	JCB Division, a sole distributor of JCB construction and heavy equipment, organized an “Operator Meet” in Pokhara on 16 Asar. “The main objective behind this event was to educate and update operators about proactive maintenance,” said Marketing Manager of JCB Division. He added, “This type of training is beneficial to operators and machine owners’ as well.” <br />
	<br />
	Operators were educated and made aware about operating machine safely and trouble-free due to which they can increase the life of machine. In addition to above, they were educated about the care of machine in order to minimize the unforeseen breakdowns arising in future. <br />
	<br />
	Besides that, benefits of using genuine parts against spurious parts were also shared. During the program, operators were facilitated with free health checkup by professional doctors. As per the participants, this was the first time they had attended such program in Pokhara and they were highly benefited from the program and also requested MAW to continue this type of programs in nthe ear future as well. <br />
	<br />
	M.A.W. Enterprises Pvt Ltd took the dealership of JCB from 2003. JCB is located in Dhobighat, Lalipur and employs around 100 people with more than 50 per cent market share in Construction and Heavy Equipment Industry in Nepal. <br />
	 </p>',
			'published' => true,
			'created' => '2012-08-16',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'JCB Division, a sole distributor of JCB construction and heavy equipment, organized an “Operator Meet” in Pokhara on 16 Asar. “The main objective behind this event was to educate and update operators about proactive maintenance,” said Marketing Manager of JCB Division. He added, “This type of training is beneficial to operators and machine owners’ as well.”',
			'sortorder' => '588',
			'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' => '690',
			'article_category_id' => '34',
			'title' => 'Prudential Finance And Gorkha Finance To Merge',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Prudential Finance Company Limited and Gorkha Finance Limited signed a Memorandum of Understanding (MoU) to get merged. Prudential Finance Company’s chairman Bhuvan Dev Pant and Gorkha Finance’s Chairman Manoranjan Raman Sharma signed the MoU. The finance companies have planned to conclude the merger procedure by mid-January 2013.</p>',
			'published' => true,
			'created' => '2012-08-16',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Prudential Finance Company Limited and Gorkha Finance Limited signed a Memorandum of Understanding (MoU) to get merged. Prudential Finance Company’s chairman Bhuvan Dev Pant and Gorkha Finance’s Chairman Manoranjan Raman Sharma signed the MoU. The finance companies have planned to conclude the merger procedure by mid-January 2013.',
			'sortorder' => '587',
			'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' => '689',
			'article_category_id' => '34',
			'title' => 'Nepal Reaches 1000 Ford Cars',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img alt="ford" border="1" height="123" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/ford.jpg" vspace="5" width="276" /><br />
	<br />
	<br />
	Since the GO Ford dealership launch on 31 October 2010, 1000 Ford vehicles have been sold in Nepal. In an environment where the vehicle market is really down, it is a great achievement for a brand that entered Nepal market just 19 months ago to hit this number. <br />
	<br />
	<br />
	The different models being sold in Nepal come from India and Thailand. They range from Hatchback to Pick-up. Ford Figo has already become the second most popular vehicle in its segment, racing ahead of older brands that have been in the market for much longer period of time. Following Ford’s worldwide “One Ford Campaign” and new slogan “Go Further”, world class models like All-New Fiesta have been launched in Nepal. There are further plans to launch newer models and internationally favorite models in a few months time. So far, Ford has been the only brand to take the initiative of transporting vehicles in a carrier from border to Kathmandu and not driven down. <br />
	 </p>',
			'published' => true,
			'created' => '2012-08-16',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Since the GO Ford dealership launch on 31 October 2010, 1000 Ford vehicles have been sold in Nepal. In an environment where the vehicle market is really down, it is a great achievement for a brand that entered Nepal market just 19 months ago to hit this number.',
			'sortorder' => '586',
			'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' => '688',
			'article_category_id' => '34',
			'title' => 'CNI, HCI Sign MoU',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img alt="CNI HCL " border="1" height="164" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/cni.jpg" vspace="5" width="300" /><br />
	<br />
	Confederation of Nepalese Industries (CNI) signed a Memorandum of Understanding (MoU) with Himalayan Climate Initiative (HCI) at a public function on July 15 in the presence of Honorable Dr Keshab Man Shakya, Minister at Ministry of Environment, Science and Technology. <br />
	<br />
	The MoU, which is considered as a first bold step of Nepal’s business leaders for putting Nepal on a low carbon development and green economy path, brings CNI and HCI together. The association would help build the capacity of CNI members on issues related to Climate Change and climate financing with the purpose of putting the private sector in leadership role. Dr Shakya, commended the MoU saying, “This is the way to go forward. The private sector, NGOs and the Government must work hand in hand to create a win-win for all.” <br />
	<br />
	Binod Chaudhary, the President of CNI, emphasized on the need for the Government and all sectors to come together through a cohesive platform and to create incentives through practical plans to help the Nepalese industries at this formative stage when they are struggling to move towards a greener path. <br />
	<br />
	Mr. Krishna Gyawali, Secretary at Ministry of Environment Science and Technology, said on the occasion, “We need to build on our strengths in terms of harnessing our renewable energy sources. Creating incentives for the private sector investment in the renewable energy will bring benefits to all.” The CEO and founder of HCI Prashant Singh highlighted the benefits of going green for the Nepalese industries and economy and committed that this partnership will bring concrete results in a relatively short span of time. <br />
	 </p>',
			'published' => true,
			'created' => '2012-08-16',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Confederation of Nepalese Industries (CNI) signed a Memorandum of Understanding (MoU) with Himalayan Climate Initiative (HCI) at a public function on July 15 in the presence of Honorable Dr Keshab Man Shakya, Minister at Ministry of Environment, Science and Technology.',
			'sortorder' => '585',
			'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' => '687',
			'article_category_id' => '34',
			'title' => 'Two Pairs Of BFIs Merger Procedure Accomplished',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	The merger between Annapurna Development Bank (ADB)-Suryadarshan Finance and Pashupati Development Bank (PDB)- Udhyam Development Bank (UDB) took place after receiving approval from Nepal Rastra Bank (NRB) on July 5. <br />
	<br />
	<br />
	After the merger, the companies started their operations as Supreme Development Bank (SDB) and Axis Development Bank (ADB) respectively from July 13. Shyam Kumar Katuwal, CEO of SDB, informed, “Khem Prashad Subedi, President of ADB would resume his position as the new President and Ambika Shrestha will be positioned as the CEO of SDB.” “Shrestha will commence his position as CEO till the first AGM of the company,” said Katuwal. The new headquarter of the company will be located at New Baneshwor. After the merger, the paid up capital of the company is worth Rs 770.20 million, credit flow- Rs 1.70 billion, deposit-Rs 2 billion and reserved fund-Rs 180 million. SDB will operate its services from 13 branch offices after amalgamation. The number of clients has reached the figure of 25,000 for SDB. <br />
	<br />
	<br />
	Similarly, Axis development Bank will start its business from October this year. Prakash Shrestha, CEO of PDB, said, “Axis Development Bank will start operating after a few months.” Meanwhile, the bank is working to develop its physical infrastructure, he added. <br />
	<br />
	<br />
	The bank’s headquarter would remain at Banepa and the corporate office at Kathmandu itself. Shrestha will resume his position of CEO after the merger as well. <br />
	<br />
	<br />
	 </p>',
			'published' => true,
			'created' => '2012-08-16',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'The merger between Annapurna Development Bank (ADB)-Suryadarshan Finance and Pashupati Development Bank (PDB)- Udhyam Development Bank (UDB) took place after receiving approval from Nepal Rastra Bank (NRB) on July 5.',
			'sortorder' => '584',
			'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' => '686',
			'article_category_id' => '34',
			'title' => 'Rs1 Billion Sugar Industry In Morang',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img alt="sugar" border="1" height="231" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/morang.jpg" vspace="5" width="300" /><br />
	<br />
	<br />
	H P Agrawal Group is all set to establish Sugar Industry worth an investment of Rs 1 billion with the capacity to produce 25 tons of sugar per day in Morang. Manish Agrawal, Managing Director of ‘Padma Sugar and Allied Industries’ informed that the industry will come into operation within two years. The company has purchased the land area of 35 bighas in Darwesa DVC of Morang to set up the sugar industry. <br />
	<br />
	“The company has received permission letter from the government in order to establish sugar industry,” shared Agrawal. The demand of sugar has been increasing by 10 per cent annually in Nepal. Agrawal accounted this reason as a motivation to set up the industry. <br />
	<br />
	The industrial source revealed that the raw material required for sugar production is available within the industrial site. “The farmers are attracted towards sugarcane farming as they tend to get good return from it,” said Agrawal. Therefore, there will not be a shortage of raw material for production, as there is adequate supply from local sources, he added. <br />
	<br />
	Agrawal informed that the industry would produce five million tons of ethanol annually from the residues of sugar. The company will provide employment opportunities to about 550 people. The annual demand of sugar in Nepal is 180,000 ton. However, only 130,000 ton sugar supply has been taking place. HP Agrawal Group entered the sugar industry about five years ago with Lumbini Sugar Industry. The company has its investment in oil, wheat flour, refined oil, soap, vegetable oil, jJute etc. <br />
	 </p>',
			'published' => true,
			'created' => '2012-08-16',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'H P Agrawal Group is all set to establish Sugar Industry worth an investment of Rs 1 billion with the capacity to produce 25 tons of sugar per day in Morang. Manish Agrawal, Managing Director of ‘Padma Sugar and Allied Industries’ informed that the industry will come into operation within two years. The company has purchased the land area of 35 bighas in Darwesa DVC of Morang to set up the sugar industry.',
			'sortorder' => '583',
			'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' => '685',
			'article_category_id' => '34',
			'title' => 'Global IME Bank Starts Operation',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img alt="global bank" border="1" height="158" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/global.jpg" vspace="5" width="400" /><br />
	<br />
	<br />
	Global Bank has become the first class ‘A’ financial institution to lead the merger of three institutions. It had first signed a memorandum of understanding (MoU) with IME Financial Institution for the merger and later with Lord Budhha Finance. A special general meeting of Global Bank held in the second week of May had given nod to the merger plan. <br />
	<br />
	Global Bank Chairman Chandra Prasad Dhakal said, “After the merger, the new entity has been named Global IME Bank and will have a paid-up capital of around Rs 2.58 billion.” Dhakal continues to lead Global Bank as Chairperson and current CEO Ratna Raj Bajracharya retained his position. <br />
	<br />
	According to the bank, its paid-up capital has reached Rs 2.18 billion, deposits - Rs 26 billion and credit - Rs 20 billion after the three financial institutions came together. It has also issued debentures worth Rs 400 million to expand its capital. Following the merger, the number of branches has expanded to 62 and it has a presence in 13 zones in the country. <br />
	 </p>',
			'published' => true,
			'created' => '2012-08-16',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Global Bank has become the first class ‘A’ financial institution to lead the merger of three institutions. It had first signed a memorandum of understanding (MoU) with IME Financial Institution for the merger and later with Lord Budhha Finance. A special general meeting of Global Bank held in the second week of May had given nod to the merger plan.',
			'sortorder' => '582',
			'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' => '684',
			'article_category_id' => '34',
			'title' => 'Coca-cola Expression 2012',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img alt="cocacola" border="1" height="213" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/cocacola.jpg" vspace="5" width="300" /><br />
	<br />
	<br />
	Coca-Cola Nepal, in association with Ace Institute of Management, organized the 4th Inter-College Festival - Expressions 2012. The festfeatured 15 colleges with 20 teams participating. The rock band 1974 AD also performed at the fest. The program was organized targeting graduate and postgraduate students with the theme “Involve Yourself.” The Inter-College Festival provided a platform for students to showcase their talent in various fields, including music, fine arts, fashion shows, and dramas. <br />
	<br />
	<br />
	The event acted as a medium for Coca-Cola to reach out to youngsters in an engaging and entertaining manner. <br />
	<br />
	 </p>',
			'published' => true,
			'created' => '2012-08-16',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Coca-Cola Nepal, in association with Ace Institute of Management, organized the 4th Inter-College Festival - Expressions 2012. The festfeatured 15 colleges with 20 teams participating. The rock band 1974 AD also performed at the fest.',
			'sortorder' => '581',
			'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) 12 => array(
		'Article' => array(
			'id' => '683',
			'article_category_id' => '34',
			'title' => 'Malaysian Airlines Adds Kathmandu To Its Network',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img alt="malaysia" border="1" height="57" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/malayaasia.jpg" vspace="5" width="300" /><br />
	<br />
	<br />
	Malaysia Airlines announced the introduction of yet another route to its network with the commencement of thrice-weekly direct services between Kuala Lumpur and Kathmandu effective from first of September 2012. According to Marco Polo, General Sales Agent of Malaysian Airlines, The airlines has prepared attractive packages to its customers with the commencement of its flight. <br />
	<br />
	“From 1 September 2012, flight MH170 will depart Kuala Lumpur on Tuesdays, Thursdays and Saturdays at 8:55am to arrive at Kathmandu at 11:30am. The return flight MH171 departs Kathmandu at 12:20pm to arrive at Kuala Lumpur at 7:15pm,” informed, Deepak Tuladhar, Operation Manager, Marco Polo. <br />
	<br />
	According to Tuladhar, the one-way flight charge is Rs 22,731 while the two-way flight will cost Rs 45,619. “Marco Polo Travels in association with Malaysian Travel Agency-MAS Holiday has prepared 2 nights and 3 days holiday packages for both national and international tourists,“ shared Tuladhar. The package includes stay in star rated hotel, sightseeing, transportation facilities for both inbound and outbound tourists. <br />
	<br />
	A two-class configured Boeing 737-800 aircraft with 144 economy class seats and 16 business class seats will be used for the Kuala Lumpur-Kathmandu return service. After the operation of Malaysian airlines, the flow of tourists along with Nepalis seeking employment opportunities will grow certainly, said Tuladhar. <br />
	 </p>',
			'published' => true,
			'created' => '2012-08-16',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Malaysia Airlines announced the introduction of yet another route to its network with the commencement of thrice-weekly direct services between Kuala Lumpur and Kathmandu effective from first of September 2012. According to Marco Polo, General Sales Agent of Malaysian Airlines, The airlines has prepared attractive packages to its customers with the commencement of its flight.',
			'sortorder' => '580',
			'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' => '682',
			'article_category_id' => '34',
			'title' => 'Nabil Completes 28 Years',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img alt="nabil  bank" border="1" height="148" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/nabil.jpg" vspace="5" width="244" /><br />
	<br />
	<br />
	Nabil Bank Limited (NBL) completed its 28th year of operations as the first private sector bank. Over the period, the Bank has grown constantly and remained at the top. Till date, it has total assets of Rs 66.25 billion, deposits of Rs 56.04 billion and loans of Rs 42.57. Its capital adequacy ratio is maintained at 12.03 per cent. NBL currently has 48 branches and 77 ATM outlets across the country. <br />
	<br />
	 </p>',
			'published' => true,
			'created' => '2012-08-16',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Nabil Bank Limited (NBL) completed its 28th year of operations as the first private sector bank. Over the period, the Bank has grown constantly and remained at the top. Till date, it has total assets of Rs 66.25 billion, deposits of Rs 56.04 billion and loans of Rs 42.57. Its capital adequacy ratio is maintained at 12.03 per cent. NBL currently has 48 branches and 77 ATM outlets across the country.',
			'sortorder' => '579',
			'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' => '681',
			'article_category_id' => '34',
			'title' => 'Mahindra REVA Expands REVA Sales In Nepal',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img alt="biz news" border="1" height="323" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/car(3).jpg" vspace="5" width="400" /><br />
	<br />
	<br />
	Mahindra REVA Electric Vehicles Pvt Ltd, one of the pioneers of electric vehicle technology in India, announced that its REVAi vehicle will be available at Mahindra dealership, AGNI ENERGY, in Nepal. This is one of the strategic initiatives announced by the company post its acquisition by the US$ 14.4 billion Mahindra Group. <br />
	<br />
	<br />
	“We are delighted to commence selling of the REVAi in Nepal where Mahindra is already an established brand name in the auto industry. With issues such as climate change and carbon footprint taking centre stage globally, eco-friendly transportation has become the need of the hour. Taking cognisance of this, the Nepal government has also introduced incentives for electric vehicles, making this segment more attractive. The electric vehicle market is hence, poised to grow rapidly. Mahindra’s extensive distribution and service network, coupled with support from various governmental measures will help us make significant inroads into the market,” said P Deep, General Manager – Exports, Mahindra REVA. <br />
	<br />
	 </p>',
			'published' => true,
			'created' => '2012-08-16',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Mahindra REVA Electric Vehicles Pvt Ltd, one of the pioneers of electric vehicle technology in India, announced that its REVAi vehicle will be available at Mahindra dealership, AGNI ENERGY, in Nepal. This is one of the strategic initiatives announced by the company post its acquisition by the US$ 14.4 billion Mahindra Group.',
			'sortorder' => '578',
			'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
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			'article_category_id' => '34',
			'title' => 'FNCCI Delegation Meets Uttar Pradesh Chief Minister',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
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	<br />
	<br />
	Uttar Pradesh (UP) Chief Minister Akhilesh Yadav assured a visiting Nepali delegation that his government would develop infrastructure in bordering districts on a priority basis. Yadav was interacting with the visiting delegation of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) led by its Vice-President Bhawani Rana. He assured them that he would write to the union government of India for issues like the laying of a railway line, power and customs etc. <br />
	<br />
	Nepali entrepreneurs led by Rana and accompanied by media persons, on the occasion, apprised Yadav of various problems that Nepali entrepreneurs have been facing at the UP border. Representatives of FNCCI district chapters from the seven districts connected to UP briefed him about the problems they have been facing with border customs, transportation and security, while importing and exporting goods from India through UP. The Indian state is connected with eight districts of Nepal and is a major land route for imports from India. <br />
	<br />
	The 500-km-long Indo- Nepal border along the eight districts of Uttar Pradesh — Pilibhit, Lakhimpur Kheri, Bahraich, Shravasti, Balrampur, Sidharth Nagar, Maharajganj and Kushinagar –– and eight districts of Nepal — Kanchanpur, Kailali, Banke, Bardia, Dang, Rupandehi, Kapilvastu, and Nawalparasi –– play a significant role for the promotion of trade and investment as well as socioeconomic and cultural ties between the two countries. Saying that ties between India and Nepal date back to ancient times, Yadav said the problems of importing herbals from Nepal to India and the laying of a road running from Doodhibadi in Nepal till Gorakhpur in India, passing through the border district of Maharajganj, as raised by the Nepali delegation, would be taken up on priority. Yadav added that till the work on the proposed roads was not taken up, repairs of the existing roads would be taken up quickly so that movement of goods and people was not hindered. <br />
	<br />
	On law and order in the neighbouring districts of Nepal, he said UP Police officials would be vigilant at the Indo-Nepal border. Nepali delegates asked Yadav to also upgrade the Gaurifanta customs and Thutebari customs on the Indian side that will help boost trade with Nepal. The first ever team of Nepali entrepreneurs visiting the Indian state to boost trade and promote tourism jointly between the adjoining areas of the two countries, also held meetings with the Confederation of Indian Industries (CII) and customs officials, and discussed various issues. <br />
	 </p>',
			'published' => true,
			'created' => '2012-08-16',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Uttar Pradesh (UP) Chief Minister Akhilesh Yadav assured a visiting Nepali delegation that his government would develop infrastructure in bordering districts on a priority basis. Yadav was interacting with the visiting delegation of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) led by its Vice-President Bhawani Rana. He assured them that he would write to the union government of India for issues like the laying of a railway line, power and customs etc.',
			'sortorder' => '592',
			'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' => '694',
			'article_category_id' => '34',
			'title' => 'Machhapuchhre And Standard Finance Merge',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img alt="machhapuchhre" border="1" height="90" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/machhapuchhre.jpg" vspace="5" width="624" /><br />
	<br />
	Machhapuchhre Bank Limited (MBL) and Standard Finance Limited started joint operation after merger from July 9. The merged entity — Machhapuchhre Bank Limited – has a paidup capital of Rs 2.47 billion and reserves of Rs 240 million. “We have framed a long term business strategy of the new entity,” said MBL Chairman Surya Bahadur KC. “We believe the merger is purely a business decision done with an aim to grow and become one of the best financial institutions.” Before the merger, the capital adequacy ratio (CAR) of MBL was near the regulatory requirement of 10 per cent. “It was hurting us because we were unable to do good business despite ample opportunities,” said Apachh Kumar Yadav AGM of MBL. “On the other hand, Standard Finance’s CAR was pretty high, making the fund idle.” <br />
	<br />
	<br />
	Therefore, according to officials, the amalgamation will complement each other. Following the central bank’s refusal to entertain Standard’s application for upgradation into a commercial bank, its funds had remained idle. After the merger, the number of branches of the new entity will increase to 54. “There will be duplication of branches in five places,” said Standard CEO Umesh Singh Bhandari. “We are planning to relocate these branches.” <br />
	<br />
	<br />
	The officials also said the human resource is being handled carefully. All employees will have a place in the merged entity,” said Bhandari. According to him, the merger has increased the competitive ability of the bank. The bank will soon resume its operations in the rural sectors deprived of banking facilities, he added. <br />
	<br />
	<br />
	The speaker of Nepal Rastra Bank, Bhaskar Mani Gyawali has considered mergers between Nepali BFIs as a positive aspect. According to him, almost all the BFIs are eyeing merger as it leads towards strengthened paid up capital. Currently, 12 BFIs are on the verge to get merger approval from NRB. On the other hand, 12 more BFIs have submitted their merger proposals. <br />
	<br />
	 </p>',
			'published' => true,
			'created' => '2012-08-16',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Machhapuchhre Bank Limited (MBL) and Standard Finance Limited started joint operation after merger from July 9. The merged entity — Machhapuchhre Bank Limited – has a paidup capital of Rs 2.47 billion and reserves of Rs 240 million. “We have framed a long term business strategy of the new entity,” said MBL Chairman Surya Bahadur KC. “We believe the merger is purely a business decision done with an aim to grow and become one of the best financial institutions.”',
			'sortorder' => '591',
			'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' => '693',
			'article_category_id' => '34',
			'title' => 'Yamaha MotoGP Screening',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img alt="yamaha" border="1" height="225" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/yamaha.jpg" vspace="5" width="300" /><br />
	<br />
	MAW Enterprises Pvt Ltd, the sole distributor of Yamaha Motorcycle for Nepal, successfully conducted a screening program of MotoGP Racing in the bigger screen of The Factory Restaurant &amp; Bar, Thamel. The MotoGP Racing Championship Grand Prix is happening in different World Class Racing Circuit of the World. During the program, Yamaha had especially invited R15 Customers to watch racing program.<br />
	<br />
	More than 50 R15 Customers and other people participated to watch MotoGP racing. All participants were very excited to watch MotoGP in bigger screen. The company said that Moto GP Racing will be continued for this whole year and will be screened at Factory Restaurant for all the racing lovers. Yamaha had conducted various programs to give excitement to the customers, such as Stunt Show, Ride Tech Challenge, Cine Premier, Street Festival etc.</p>',
			'published' => true,
			'created' => '2012-08-16',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'MAW Enterprises Pvt Ltd, the sole distributor of Yamaha Motorcycle for Nepal, successfully conducted a screening program of MotoGP Racing in the bigger screen of The Factory Restaurant & Bar, Thamel. The MotoGP Racing Championship Grand Prix is happening in different World Class Racing Circuit of the World. During the program, Yamaha had especially invited R15 Customers to watch racing program.',
			'sortorder' => '590',
			'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' => '692',
			'article_category_id' => '34',
			'title' => 'Hyundai Euro Experience Winners',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<br />
	<img alt="hyundai" border="1" height="178" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/hyundai.jpg" vspace="5" width="300" /><br />
	<br />
	<br />
	Football being one of the most cherished games in Nepal and Hyundai being the official partner for EURO 2012, the event was designed for all to celebrate EURO and make it a memorable one. The prize distribution ceremony was held in Hyundai Showroom at Thapathali. This “HYUNDAI PREDICT &amp; WIN” contest was open for the people of all-walks-of-life to participate and win various prizes. <br />
	<br />
	To participate in this contest, the only thing one needed to do was log on to “facebook. com/hyundainepal”. Over 4,000 people participated in the contest. The winners were selected through lucky draw for multiple correct entries. The prizes were distributed to the winners by newly elected President of Laxmi Hyundai MMC (Manang Marshyandi Club) Jamling Ghale and player Anil Gurung. <br />
	 </p>',
			'published' => true,
			'created' => '2012-08-16',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Football being one of the most cherished games in Nepal and Hyundai being the official partner for EURO 2012, the event was designed for all to celebrate EURO and make it a memorable one. The prize distribution ceremony was held in Hyundai Showroom at Thapathali. This “HYUNDAI PREDICT & WIN” contest was open for the people of all-walks-of-life to participate and win various prizes.',
			'sortorder' => '589',
			'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' => '691',
			'article_category_id' => '34',
			'title' => 'JCB Operator Meet In Pokhara',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<br />
	<img alt="jcb" border="1" height="182" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/jcb.jpg" vspace="5" width="300" /><br />
	<br />
	JCB Division, a sole distributor of JCB construction and heavy equipment, organized an “Operator Meet” in Pokhara on 16 Asar. “The main objective behind this event was to educate and update operators about proactive maintenance,” said Marketing Manager of JCB Division. He added, “This type of training is beneficial to operators and machine owners’ as well.” <br />
	<br />
	Operators were educated and made aware about operating machine safely and trouble-free due to which they can increase the life of machine. In addition to above, they were educated about the care of machine in order to minimize the unforeseen breakdowns arising in future. <br />
	<br />
	Besides that, benefits of using genuine parts against spurious parts were also shared. During the program, operators were facilitated with free health checkup by professional doctors. As per the participants, this was the first time they had attended such program in Pokhara and they were highly benefited from the program and also requested MAW to continue this type of programs in nthe ear future as well. <br />
	<br />
	M.A.W. Enterprises Pvt Ltd took the dealership of JCB from 2003. JCB is located in Dhobighat, Lalipur and employs around 100 people with more than 50 per cent market share in Construction and Heavy Equipment Industry in Nepal. <br />
	 </p>',
			'published' => true,
			'created' => '2012-08-16',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'JCB Division, a sole distributor of JCB construction and heavy equipment, organized an “Operator Meet” in Pokhara on 16 Asar. “The main objective behind this event was to educate and update operators about proactive maintenance,” said Marketing Manager of JCB Division. He added, “This type of training is beneficial to operators and machine owners’ as well.”',
			'sortorder' => '588',
			'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' => '690',
			'article_category_id' => '34',
			'title' => 'Prudential Finance And Gorkha Finance To Merge',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Prudential Finance Company Limited and Gorkha Finance Limited signed a Memorandum of Understanding (MoU) to get merged. Prudential Finance Company’s chairman Bhuvan Dev Pant and Gorkha Finance’s Chairman Manoranjan Raman Sharma signed the MoU. The finance companies have planned to conclude the merger procedure by mid-January 2013.</p>',
			'published' => true,
			'created' => '2012-08-16',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Prudential Finance Company Limited and Gorkha Finance Limited signed a Memorandum of Understanding (MoU) to get merged. Prudential Finance Company’s chairman Bhuvan Dev Pant and Gorkha Finance’s Chairman Manoranjan Raman Sharma signed the MoU. The finance companies have planned to conclude the merger procedure by mid-January 2013.',
			'sortorder' => '587',
			'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' => '689',
			'article_category_id' => '34',
			'title' => 'Nepal Reaches 1000 Ford Cars',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img alt="ford" border="1" height="123" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/ford.jpg" vspace="5" width="276" /><br />
	<br />
	<br />
	Since the GO Ford dealership launch on 31 October 2010, 1000 Ford vehicles have been sold in Nepal. In an environment where the vehicle market is really down, it is a great achievement for a brand that entered Nepal market just 19 months ago to hit this number. <br />
	<br />
	<br />
	The different models being sold in Nepal come from India and Thailand. They range from Hatchback to Pick-up. Ford Figo has already become the second most popular vehicle in its segment, racing ahead of older brands that have been in the market for much longer period of time. Following Ford’s worldwide “One Ford Campaign” and new slogan “Go Further”, world class models like All-New Fiesta have been launched in Nepal. There are further plans to launch newer models and internationally favorite models in a few months time. So far, Ford has been the only brand to take the initiative of transporting vehicles in a carrier from border to Kathmandu and not driven down. <br />
	 </p>',
			'published' => true,
			'created' => '2012-08-16',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Since the GO Ford dealership launch on 31 October 2010, 1000 Ford vehicles have been sold in Nepal. In an environment where the vehicle market is really down, it is a great achievement for a brand that entered Nepal market just 19 months ago to hit this number.',
			'sortorder' => '586',
			'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' => '688',
			'article_category_id' => '34',
			'title' => 'CNI, HCI Sign MoU',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img alt="CNI HCL " border="1" height="164" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/cni.jpg" vspace="5" width="300" /><br />
	<br />
	Confederation of Nepalese Industries (CNI) signed a Memorandum of Understanding (MoU) with Himalayan Climate Initiative (HCI) at a public function on July 15 in the presence of Honorable Dr Keshab Man Shakya, Minister at Ministry of Environment, Science and Technology. <br />
	<br />
	The MoU, which is considered as a first bold step of Nepal’s business leaders for putting Nepal on a low carbon development and green economy path, brings CNI and HCI together. The association would help build the capacity of CNI members on issues related to Climate Change and climate financing with the purpose of putting the private sector in leadership role. Dr Shakya, commended the MoU saying, “This is the way to go forward. The private sector, NGOs and the Government must work hand in hand to create a win-win for all.” <br />
	<br />
	Binod Chaudhary, the President of CNI, emphasized on the need for the Government and all sectors to come together through a cohesive platform and to create incentives through practical plans to help the Nepalese industries at this formative stage when they are struggling to move towards a greener path. <br />
	<br />
	Mr. Krishna Gyawali, Secretary at Ministry of Environment Science and Technology, said on the occasion, “We need to build on our strengths in terms of harnessing our renewable energy sources. Creating incentives for the private sector investment in the renewable energy will bring benefits to all.” The CEO and founder of HCI Prashant Singh highlighted the benefits of going green for the Nepalese industries and economy and committed that this partnership will bring concrete results in a relatively short span of time. <br />
	 </p>',
			'published' => true,
			'created' => '2012-08-16',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Confederation of Nepalese Industries (CNI) signed a Memorandum of Understanding (MoU) with Himalayan Climate Initiative (HCI) at a public function on July 15 in the presence of Honorable Dr Keshab Man Shakya, Minister at Ministry of Environment, Science and Technology.',
			'sortorder' => '585',
			'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' => '687',
			'article_category_id' => '34',
			'title' => 'Two Pairs Of BFIs Merger Procedure Accomplished',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	The merger between Annapurna Development Bank (ADB)-Suryadarshan Finance and Pashupati Development Bank (PDB)- Udhyam Development Bank (UDB) took place after receiving approval from Nepal Rastra Bank (NRB) on July 5. <br />
	<br />
	<br />
	After the merger, the companies started their operations as Supreme Development Bank (SDB) and Axis Development Bank (ADB) respectively from July 13. Shyam Kumar Katuwal, CEO of SDB, informed, “Khem Prashad Subedi, President of ADB would resume his position as the new President and Ambika Shrestha will be positioned as the CEO of SDB.” “Shrestha will commence his position as CEO till the first AGM of the company,” said Katuwal. The new headquarter of the company will be located at New Baneshwor. After the merger, the paid up capital of the company is worth Rs 770.20 million, credit flow- Rs 1.70 billion, deposit-Rs 2 billion and reserved fund-Rs 180 million. SDB will operate its services from 13 branch offices after amalgamation. The number of clients has reached the figure of 25,000 for SDB. <br />
	<br />
	<br />
	Similarly, Axis development Bank will start its business from October this year. Prakash Shrestha, CEO of PDB, said, “Axis Development Bank will start operating after a few months.” Meanwhile, the bank is working to develop its physical infrastructure, he added. <br />
	<br />
	<br />
	The bank’s headquarter would remain at Banepa and the corporate office at Kathmandu itself. Shrestha will resume his position of CEO after the merger as well. <br />
	<br />
	<br />
	 </p>',
			'published' => true,
			'created' => '2012-08-16',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'The merger between Annapurna Development Bank (ADB)-Suryadarshan Finance and Pashupati Development Bank (PDB)- Udhyam Development Bank (UDB) took place after receiving approval from Nepal Rastra Bank (NRB) on July 5.',
			'sortorder' => '584',
			'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' => '686',
			'article_category_id' => '34',
			'title' => 'Rs1 Billion Sugar Industry In Morang',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img alt="sugar" border="1" height="231" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/morang.jpg" vspace="5" width="300" /><br />
	<br />
	<br />
	H P Agrawal Group is all set to establish Sugar Industry worth an investment of Rs 1 billion with the capacity to produce 25 tons of sugar per day in Morang. Manish Agrawal, Managing Director of ‘Padma Sugar and Allied Industries’ informed that the industry will come into operation within two years. The company has purchased the land area of 35 bighas in Darwesa DVC of Morang to set up the sugar industry. <br />
	<br />
	“The company has received permission letter from the government in order to establish sugar industry,” shared Agrawal. The demand of sugar has been increasing by 10 per cent annually in Nepal. Agrawal accounted this reason as a motivation to set up the industry. <br />
	<br />
	The industrial source revealed that the raw material required for sugar production is available within the industrial site. “The farmers are attracted towards sugarcane farming as they tend to get good return from it,” said Agrawal. Therefore, there will not be a shortage of raw material for production, as there is adequate supply from local sources, he added. <br />
	<br />
	Agrawal informed that the industry would produce five million tons of ethanol annually from the residues of sugar. The company will provide employment opportunities to about 550 people. The annual demand of sugar in Nepal is 180,000 ton. However, only 130,000 ton sugar supply has been taking place. HP Agrawal Group entered the sugar industry about five years ago with Lumbini Sugar Industry. The company has its investment in oil, wheat flour, refined oil, soap, vegetable oil, jJute etc. <br />
	 </p>',
			'published' => true,
			'created' => '2012-08-16',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'H P Agrawal Group is all set to establish Sugar Industry worth an investment of Rs 1 billion with the capacity to produce 25 tons of sugar per day in Morang. Manish Agrawal, Managing Director of ‘Padma Sugar and Allied Industries’ informed that the industry will come into operation within two years. The company has purchased the land area of 35 bighas in Darwesa DVC of Morang to set up the sugar industry.',
			'sortorder' => '583',
			'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' => '685',
			'article_category_id' => '34',
			'title' => 'Global IME Bank Starts Operation',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img alt="global bank" border="1" height="158" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/global.jpg" vspace="5" width="400" /><br />
	<br />
	<br />
	Global Bank has become the first class ‘A’ financial institution to lead the merger of three institutions. It had first signed a memorandum of understanding (MoU) with IME Financial Institution for the merger and later with Lord Budhha Finance. A special general meeting of Global Bank held in the second week of May had given nod to the merger plan. <br />
	<br />
	Global Bank Chairman Chandra Prasad Dhakal said, “After the merger, the new entity has been named Global IME Bank and will have a paid-up capital of around Rs 2.58 billion.” Dhakal continues to lead Global Bank as Chairperson and current CEO Ratna Raj Bajracharya retained his position. <br />
	<br />
	According to the bank, its paid-up capital has reached Rs 2.18 billion, deposits - Rs 26 billion and credit - Rs 20 billion after the three financial institutions came together. It has also issued debentures worth Rs 400 million to expand its capital. Following the merger, the number of branches has expanded to 62 and it has a presence in 13 zones in the country. <br />
	 </p>',
			'published' => true,
			'created' => '2012-08-16',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Global Bank has become the first class ‘A’ financial institution to lead the merger of three institutions. It had first signed a memorandum of understanding (MoU) with IME Financial Institution for the merger and later with Lord Budhha Finance. A special general meeting of Global Bank held in the second week of May had given nod to the merger plan.',
			'sortorder' => '582',
			'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' => '684',
			'article_category_id' => '34',
			'title' => 'Coca-cola Expression 2012',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img alt="cocacola" border="1" height="213" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/cocacola.jpg" vspace="5" width="300" /><br />
	<br />
	<br />
	Coca-Cola Nepal, in association with Ace Institute of Management, organized the 4th Inter-College Festival - Expressions 2012. The festfeatured 15 colleges with 20 teams participating. The rock band 1974 AD also performed at the fest. The program was organized targeting graduate and postgraduate students with the theme “Involve Yourself.” The Inter-College Festival provided a platform for students to showcase their talent in various fields, including music, fine arts, fashion shows, and dramas. <br />
	<br />
	<br />
	The event acted as a medium for Coca-Cola to reach out to youngsters in an engaging and entertaining manner. <br />
	<br />
	 </p>',
			'published' => true,
			'created' => '2012-08-16',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Coca-Cola Nepal, in association with Ace Institute of Management, organized the 4th Inter-College Festival - Expressions 2012. The festfeatured 15 colleges with 20 teams participating. The rock band 1974 AD also performed at the fest.',
			'sortorder' => '581',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 12 => array(
		'Article' => array(
			'id' => '683',
			'article_category_id' => '34',
			'title' => 'Malaysian Airlines Adds Kathmandu To Its Network',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img alt="malaysia" border="1" height="57" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/malayaasia.jpg" vspace="5" width="300" /><br />
	<br />
	<br />
	Malaysia Airlines announced the introduction of yet another route to its network with the commencement of thrice-weekly direct services between Kuala Lumpur and Kathmandu effective from first of September 2012. According to Marco Polo, General Sales Agent of Malaysian Airlines, The airlines has prepared attractive packages to its customers with the commencement of its flight. <br />
	<br />
	“From 1 September 2012, flight MH170 will depart Kuala Lumpur on Tuesdays, Thursdays and Saturdays at 8:55am to arrive at Kathmandu at 11:30am. The return flight MH171 departs Kathmandu at 12:20pm to arrive at Kuala Lumpur at 7:15pm,” informed, Deepak Tuladhar, Operation Manager, Marco Polo. <br />
	<br />
	According to Tuladhar, the one-way flight charge is Rs 22,731 while the two-way flight will cost Rs 45,619. “Marco Polo Travels in association with Malaysian Travel Agency-MAS Holiday has prepared 2 nights and 3 days holiday packages for both national and international tourists,“ shared Tuladhar. The package includes stay in star rated hotel, sightseeing, transportation facilities for both inbound and outbound tourists. <br />
	<br />
	A two-class configured Boeing 737-800 aircraft with 144 economy class seats and 16 business class seats will be used for the Kuala Lumpur-Kathmandu return service. After the operation of Malaysian airlines, the flow of tourists along with Nepalis seeking employment opportunities will grow certainly, said Tuladhar. <br />
	 </p>',
			'published' => true,
			'created' => '2012-08-16',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Malaysia Airlines announced the introduction of yet another route to its network with the commencement of thrice-weekly direct services between Kuala Lumpur and Kathmandu effective from first of September 2012. According to Marco Polo, General Sales Agent of Malaysian Airlines, The airlines has prepared attractive packages to its customers with the commencement of its flight.',
			'sortorder' => '580',
			'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) 13 => array(
		'Article' => array(
			'id' => '682',
			'article_category_id' => '34',
			'title' => 'Nabil Completes 28 Years',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img alt="nabil  bank" border="1" height="148" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/nabil.jpg" vspace="5" width="244" /><br />
	<br />
	<br />
	Nabil Bank Limited (NBL) completed its 28th year of operations as the first private sector bank. Over the period, the Bank has grown constantly and remained at the top. Till date, it has total assets of Rs 66.25 billion, deposits of Rs 56.04 billion and loans of Rs 42.57. Its capital adequacy ratio is maintained at 12.03 per cent. NBL currently has 48 branches and 77 ATM outlets across the country. <br />
	<br />
	 </p>',
			'published' => true,
			'created' => '2012-08-16',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Nabil Bank Limited (NBL) completed its 28th year of operations as the first private sector bank. Over the period, the Bank has grown constantly and remained at the top. Till date, it has total assets of Rs 66.25 billion, deposits of Rs 56.04 billion and loans of Rs 42.57. Its capital adequacy ratio is maintained at 12.03 per cent. NBL currently has 48 branches and 77 ATM outlets across the country.',
			'sortorder' => '579',
			'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' => '681',
			'article_category_id' => '34',
			'title' => 'Mahindra REVA Expands REVA Sales In Nepal',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img alt="biz news" border="1" height="323" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/car(3).jpg" vspace="5" width="400" /><br />
	<br />
	<br />
	Mahindra REVA Electric Vehicles Pvt Ltd, one of the pioneers of electric vehicle technology in India, announced that its REVAi vehicle will be available at Mahindra dealership, AGNI ENERGY, in Nepal. This is one of the strategic initiatives announced by the company post its acquisition by the US$ 14.4 billion Mahindra Group. <br />
	<br />
	<br />
	“We are delighted to commence selling of the REVAi in Nepal where Mahindra is already an established brand name in the auto industry. With issues such as climate change and carbon footprint taking centre stage globally, eco-friendly transportation has become the need of the hour. Taking cognisance of this, the Nepal government has also introduced incentives for electric vehicles, making this segment more attractive. The electric vehicle market is hence, poised to grow rapidly. Mahindra’s extensive distribution and service network, coupled with support from various governmental measures will help us make significant inroads into the market,” said P Deep, General Manager – Exports, Mahindra REVA. <br />
	<br />
	 </p>',
			'published' => true,
			'created' => '2012-08-16',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Mahindra REVA Electric Vehicles Pvt Ltd, one of the pioneers of electric vehicle technology in India, announced that its REVAi vehicle will be available at Mahindra dealership, AGNI ENERGY, in Nepal. This is one of the strategic initiatives announced by the company post its acquisition by the US$ 14.4 billion Mahindra Group.',
			'sortorder' => '578',
			'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)){
$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
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$articles = array(
	(int) 0 => array(
		'Article' => array(
			'id' => '695',
			'article_category_id' => '34',
			'title' => 'FNCCI Delegation Meets Uttar Pradesh Chief Minister',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img alt="fncci" border="1" height="155" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/fncci(1).jpg" vspace="5" width="300" /><br />
	<br />
	<br />
	Uttar Pradesh (UP) Chief Minister Akhilesh Yadav assured a visiting Nepali delegation that his government would develop infrastructure in bordering districts on a priority basis. Yadav was interacting with the visiting delegation of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) led by its Vice-President Bhawani Rana. He assured them that he would write to the union government of India for issues like the laying of a railway line, power and customs etc. <br />
	<br />
	Nepali entrepreneurs led by Rana and accompanied by media persons, on the occasion, apprised Yadav of various problems that Nepali entrepreneurs have been facing at the UP border. Representatives of FNCCI district chapters from the seven districts connected to UP briefed him about the problems they have been facing with border customs, transportation and security, while importing and exporting goods from India through UP. The Indian state is connected with eight districts of Nepal and is a major land route for imports from India. <br />
	<br />
	The 500-km-long Indo- Nepal border along the eight districts of Uttar Pradesh — Pilibhit, Lakhimpur Kheri, Bahraich, Shravasti, Balrampur, Sidharth Nagar, Maharajganj and Kushinagar –– and eight districts of Nepal — Kanchanpur, Kailali, Banke, Bardia, Dang, Rupandehi, Kapilvastu, and Nawalparasi –– play a significant role for the promotion of trade and investment as well as socioeconomic and cultural ties between the two countries. Saying that ties between India and Nepal date back to ancient times, Yadav said the problems of importing herbals from Nepal to India and the laying of a road running from Doodhibadi in Nepal till Gorakhpur in India, passing through the border district of Maharajganj, as raised by the Nepali delegation, would be taken up on priority. Yadav added that till the work on the proposed roads was not taken up, repairs of the existing roads would be taken up quickly so that movement of goods and people was not hindered. <br />
	<br />
	On law and order in the neighbouring districts of Nepal, he said UP Police officials would be vigilant at the Indo-Nepal border. Nepali delegates asked Yadav to also upgrade the Gaurifanta customs and Thutebari customs on the Indian side that will help boost trade with Nepal. The first ever team of Nepali entrepreneurs visiting the Indian state to boost trade and promote tourism jointly between the adjoining areas of the two countries, also held meetings with the Confederation of Indian Industries (CII) and customs officials, and discussed various issues. <br />
	 </p>',
			'published' => true,
			'created' => '2012-08-16',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Uttar Pradesh (UP) Chief Minister Akhilesh Yadav assured a visiting Nepali delegation that his government would develop infrastructure in bordering districts on a priority basis. Yadav was interacting with the visiting delegation of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) led by its Vice-President Bhawani Rana. He assured them that he would write to the union government of India for issues like the laying of a railway line, power and customs etc.',
			'sortorder' => '592',
			'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) 1 => array(
		'Article' => array(
			'id' => '694',
			'article_category_id' => '34',
			'title' => 'Machhapuchhre And Standard Finance Merge',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img alt="machhapuchhre" border="1" height="90" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/machhapuchhre.jpg" vspace="5" width="624" /><br />
	<br />
	Machhapuchhre Bank Limited (MBL) and Standard Finance Limited started joint operation after merger from July 9. The merged entity — Machhapuchhre Bank Limited – has a paidup capital of Rs 2.47 billion and reserves of Rs 240 million. “We have framed a long term business strategy of the new entity,” said MBL Chairman Surya Bahadur KC. “We believe the merger is purely a business decision done with an aim to grow and become one of the best financial institutions.” Before the merger, the capital adequacy ratio (CAR) of MBL was near the regulatory requirement of 10 per cent. “It was hurting us because we were unable to do good business despite ample opportunities,” said Apachh Kumar Yadav AGM of MBL. “On the other hand, Standard Finance’s CAR was pretty high, making the fund idle.” <br />
	<br />
	<br />
	Therefore, according to officials, the amalgamation will complement each other. Following the central bank’s refusal to entertain Standard’s application for upgradation into a commercial bank, its funds had remained idle. After the merger, the number of branches of the new entity will increase to 54. “There will be duplication of branches in five places,” said Standard CEO Umesh Singh Bhandari. “We are planning to relocate these branches.” <br />
	<br />
	<br />
	The officials also said the human resource is being handled carefully. All employees will have a place in the merged entity,” said Bhandari. According to him, the merger has increased the competitive ability of the bank. The bank will soon resume its operations in the rural sectors deprived of banking facilities, he added. <br />
	<br />
	<br />
	The speaker of Nepal Rastra Bank, Bhaskar Mani Gyawali has considered mergers between Nepali BFIs as a positive aspect. According to him, almost all the BFIs are eyeing merger as it leads towards strengthened paid up capital. Currently, 12 BFIs are on the verge to get merger approval from NRB. On the other hand, 12 more BFIs have submitted their merger proposals. <br />
	<br />
	 </p>',
			'published' => true,
			'created' => '2012-08-16',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Machhapuchhre Bank Limited (MBL) and Standard Finance Limited started joint operation after merger from July 9. The merged entity — Machhapuchhre Bank Limited – has a paidup capital of Rs 2.47 billion and reserves of Rs 240 million. “We have framed a long term business strategy of the new entity,” said MBL Chairman Surya Bahadur KC. “We believe the merger is purely a business decision done with an aim to grow and become one of the best financial institutions.”',
			'sortorder' => '591',
			'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' => '693',
			'article_category_id' => '34',
			'title' => 'Yamaha MotoGP Screening',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img alt="yamaha" border="1" height="225" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/yamaha.jpg" vspace="5" width="300" /><br />
	<br />
	MAW Enterprises Pvt Ltd, the sole distributor of Yamaha Motorcycle for Nepal, successfully conducted a screening program of MotoGP Racing in the bigger screen of The Factory Restaurant &amp; Bar, Thamel. The MotoGP Racing Championship Grand Prix is happening in different World Class Racing Circuit of the World. During the program, Yamaha had especially invited R15 Customers to watch racing program.<br />
	<br />
	More than 50 R15 Customers and other people participated to watch MotoGP racing. All participants were very excited to watch MotoGP in bigger screen. The company said that Moto GP Racing will be continued for this whole year and will be screened at Factory Restaurant for all the racing lovers. Yamaha had conducted various programs to give excitement to the customers, such as Stunt Show, Ride Tech Challenge, Cine Premier, Street Festival etc.</p>',
			'published' => true,
			'created' => '2012-08-16',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'MAW Enterprises Pvt Ltd, the sole distributor of Yamaha Motorcycle for Nepal, successfully conducted a screening program of MotoGP Racing in the bigger screen of The Factory Restaurant & Bar, Thamel. The MotoGP Racing Championship Grand Prix is happening in different World Class Racing Circuit of the World. During the program, Yamaha had especially invited R15 Customers to watch racing program.',
			'sortorder' => '590',
			'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' => '692',
			'article_category_id' => '34',
			'title' => 'Hyundai Euro Experience Winners',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<br />
	<img alt="hyundai" border="1" height="178" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/hyundai.jpg" vspace="5" width="300" /><br />
	<br />
	<br />
	Football being one of the most cherished games in Nepal and Hyundai being the official partner for EURO 2012, the event was designed for all to celebrate EURO and make it a memorable one. The prize distribution ceremony was held in Hyundai Showroom at Thapathali. This “HYUNDAI PREDICT &amp; WIN” contest was open for the people of all-walks-of-life to participate and win various prizes. <br />
	<br />
	To participate in this contest, the only thing one needed to do was log on to “facebook. com/hyundainepal”. Over 4,000 people participated in the contest. The winners were selected through lucky draw for multiple correct entries. The prizes were distributed to the winners by newly elected President of Laxmi Hyundai MMC (Manang Marshyandi Club) Jamling Ghale and player Anil Gurung. <br />
	 </p>',
			'published' => true,
			'created' => '2012-08-16',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Football being one of the most cherished games in Nepal and Hyundai being the official partner for EURO 2012, the event was designed for all to celebrate EURO and make it a memorable one. The prize distribution ceremony was held in Hyundai Showroom at Thapathali. This “HYUNDAI PREDICT & WIN” contest was open for the people of all-walks-of-life to participate and win various prizes.',
			'sortorder' => '589',
			'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' => '691',
			'article_category_id' => '34',
			'title' => 'JCB Operator Meet In Pokhara',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<br />
	<img alt="jcb" border="1" height="182" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/jcb.jpg" vspace="5" width="300" /><br />
	<br />
	JCB Division, a sole distributor of JCB construction and heavy equipment, organized an “Operator Meet” in Pokhara on 16 Asar. “The main objective behind this event was to educate and update operators about proactive maintenance,” said Marketing Manager of JCB Division. He added, “This type of training is beneficial to operators and machine owners’ as well.” <br />
	<br />
	Operators were educated and made aware about operating machine safely and trouble-free due to which they can increase the life of machine. In addition to above, they were educated about the care of machine in order to minimize the unforeseen breakdowns arising in future. <br />
	<br />
	Besides that, benefits of using genuine parts against spurious parts were also shared. During the program, operators were facilitated with free health checkup by professional doctors. As per the participants, this was the first time they had attended such program in Pokhara and they were highly benefited from the program and also requested MAW to continue this type of programs in nthe ear future as well. <br />
	<br />
	M.A.W. Enterprises Pvt Ltd took the dealership of JCB from 2003. JCB is located in Dhobighat, Lalipur and employs around 100 people with more than 50 per cent market share in Construction and Heavy Equipment Industry in Nepal. <br />
	 </p>',
			'published' => true,
			'created' => '2012-08-16',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'JCB Division, a sole distributor of JCB construction and heavy equipment, organized an “Operator Meet” in Pokhara on 16 Asar. “The main objective behind this event was to educate and update operators about proactive maintenance,” said Marketing Manager of JCB Division. He added, “This type of training is beneficial to operators and machine owners’ as well.”',
			'sortorder' => '588',
			'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' => '690',
			'article_category_id' => '34',
			'title' => 'Prudential Finance And Gorkha Finance To Merge',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Prudential Finance Company Limited and Gorkha Finance Limited signed a Memorandum of Understanding (MoU) to get merged. Prudential Finance Company’s chairman Bhuvan Dev Pant and Gorkha Finance’s Chairman Manoranjan Raman Sharma signed the MoU. The finance companies have planned to conclude the merger procedure by mid-January 2013.</p>',
			'published' => true,
			'created' => '2012-08-16',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Prudential Finance Company Limited and Gorkha Finance Limited signed a Memorandum of Understanding (MoU) to get merged. Prudential Finance Company’s chairman Bhuvan Dev Pant and Gorkha Finance’s Chairman Manoranjan Raman Sharma signed the MoU. The finance companies have planned to conclude the merger procedure by mid-January 2013.',
			'sortorder' => '587',
			'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' => '689',
			'article_category_id' => '34',
			'title' => 'Nepal Reaches 1000 Ford Cars',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img alt="ford" border="1" height="123" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/ford.jpg" vspace="5" width="276" /><br />
	<br />
	<br />
	Since the GO Ford dealership launch on 31 October 2010, 1000 Ford vehicles have been sold in Nepal. In an environment where the vehicle market is really down, it is a great achievement for a brand that entered Nepal market just 19 months ago to hit this number. <br />
	<br />
	<br />
	The different models being sold in Nepal come from India and Thailand. They range from Hatchback to Pick-up. Ford Figo has already become the second most popular vehicle in its segment, racing ahead of older brands that have been in the market for much longer period of time. Following Ford’s worldwide “One Ford Campaign” and new slogan “Go Further”, world class models like All-New Fiesta have been launched in Nepal. There are further plans to launch newer models and internationally favorite models in a few months time. So far, Ford has been the only brand to take the initiative of transporting vehicles in a carrier from border to Kathmandu and not driven down. <br />
	 </p>',
			'published' => true,
			'created' => '2012-08-16',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Since the GO Ford dealership launch on 31 October 2010, 1000 Ford vehicles have been sold in Nepal. In an environment where the vehicle market is really down, it is a great achievement for a brand that entered Nepal market just 19 months ago to hit this number.',
			'sortorder' => '586',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
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			'breaking_news' => false,
			'main_news' => false,
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	),
	(int) 7 => array(
		'Article' => array(
			'id' => '688',
			'article_category_id' => '34',
			'title' => 'CNI, HCI Sign MoU',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img alt="CNI HCL " border="1" height="164" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/cni.jpg" vspace="5" width="300" /><br />
	<br />
	Confederation of Nepalese Industries (CNI) signed a Memorandum of Understanding (MoU) with Himalayan Climate Initiative (HCI) at a public function on July 15 in the presence of Honorable Dr Keshab Man Shakya, Minister at Ministry of Environment, Science and Technology. <br />
	<br />
	The MoU, which is considered as a first bold step of Nepal’s business leaders for putting Nepal on a low carbon development and green economy path, brings CNI and HCI together. The association would help build the capacity of CNI members on issues related to Climate Change and climate financing with the purpose of putting the private sector in leadership role. Dr Shakya, commended the MoU saying, “This is the way to go forward. The private sector, NGOs and the Government must work hand in hand to create a win-win for all.” <br />
	<br />
	Binod Chaudhary, the President of CNI, emphasized on the need for the Government and all sectors to come together through a cohesive platform and to create incentives through practical plans to help the Nepalese industries at this formative stage when they are struggling to move towards a greener path. <br />
	<br />
	Mr. Krishna Gyawali, Secretary at Ministry of Environment Science and Technology, said on the occasion, “We need to build on our strengths in terms of harnessing our renewable energy sources. Creating incentives for the private sector investment in the renewable energy will bring benefits to all.” The CEO and founder of HCI Prashant Singh highlighted the benefits of going green for the Nepalese industries and economy and committed that this partnership will bring concrete results in a relatively short span of time. <br />
	 </p>',
			'published' => true,
			'created' => '2012-08-16',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Confederation of Nepalese Industries (CNI) signed a Memorandum of Understanding (MoU) with Himalayan Climate Initiative (HCI) at a public function on July 15 in the presence of Honorable Dr Keshab Man Shakya, Minister at Ministry of Environment, Science and Technology.',
			'sortorder' => '585',
			'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' => '687',
			'article_category_id' => '34',
			'title' => 'Two Pairs Of BFIs Merger Procedure Accomplished',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	The merger between Annapurna Development Bank (ADB)-Suryadarshan Finance and Pashupati Development Bank (PDB)- Udhyam Development Bank (UDB) took place after receiving approval from Nepal Rastra Bank (NRB) on July 5. <br />
	<br />
	<br />
	After the merger, the companies started their operations as Supreme Development Bank (SDB) and Axis Development Bank (ADB) respectively from July 13. Shyam Kumar Katuwal, CEO of SDB, informed, “Khem Prashad Subedi, President of ADB would resume his position as the new President and Ambika Shrestha will be positioned as the CEO of SDB.” “Shrestha will commence his position as CEO till the first AGM of the company,” said Katuwal. The new headquarter of the company will be located at New Baneshwor. After the merger, the paid up capital of the company is worth Rs 770.20 million, credit flow- Rs 1.70 billion, deposit-Rs 2 billion and reserved fund-Rs 180 million. SDB will operate its services from 13 branch offices after amalgamation. The number of clients has reached the figure of 25,000 for SDB. <br />
	<br />
	<br />
	Similarly, Axis development Bank will start its business from October this year. Prakash Shrestha, CEO of PDB, said, “Axis Development Bank will start operating after a few months.” Meanwhile, the bank is working to develop its physical infrastructure, he added. <br />
	<br />
	<br />
	The bank’s headquarter would remain at Banepa and the corporate office at Kathmandu itself. Shrestha will resume his position of CEO after the merger as well. <br />
	<br />
	<br />
	 </p>',
			'published' => true,
			'created' => '2012-08-16',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'The merger between Annapurna Development Bank (ADB)-Suryadarshan Finance and Pashupati Development Bank (PDB)- Udhyam Development Bank (UDB) took place after receiving approval from Nepal Rastra Bank (NRB) on July 5.',
			'sortorder' => '584',
			'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' => '686',
			'article_category_id' => '34',
			'title' => 'Rs1 Billion Sugar Industry In Morang',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img alt="sugar" border="1" height="231" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/morang.jpg" vspace="5" width="300" /><br />
	<br />
	<br />
	H P Agrawal Group is all set to establish Sugar Industry worth an investment of Rs 1 billion with the capacity to produce 25 tons of sugar per day in Morang. Manish Agrawal, Managing Director of ‘Padma Sugar and Allied Industries’ informed that the industry will come into operation within two years. The company has purchased the land area of 35 bighas in Darwesa DVC of Morang to set up the sugar industry. <br />
	<br />
	“The company has received permission letter from the government in order to establish sugar industry,” shared Agrawal. The demand of sugar has been increasing by 10 per cent annually in Nepal. Agrawal accounted this reason as a motivation to set up the industry. <br />
	<br />
	The industrial source revealed that the raw material required for sugar production is available within the industrial site. “The farmers are attracted towards sugarcane farming as they tend to get good return from it,” said Agrawal. Therefore, there will not be a shortage of raw material for production, as there is adequate supply from local sources, he added. <br />
	<br />
	Agrawal informed that the industry would produce five million tons of ethanol annually from the residues of sugar. The company will provide employment opportunities to about 550 people. The annual demand of sugar in Nepal is 180,000 ton. However, only 130,000 ton sugar supply has been taking place. HP Agrawal Group entered the sugar industry about five years ago with Lumbini Sugar Industry. The company has its investment in oil, wheat flour, refined oil, soap, vegetable oil, jJute etc. <br />
	 </p>',
			'published' => true,
			'created' => '2012-08-16',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'H P Agrawal Group is all set to establish Sugar Industry worth an investment of Rs 1 billion with the capacity to produce 25 tons of sugar per day in Morang. Manish Agrawal, Managing Director of ‘Padma Sugar and Allied Industries’ informed that the industry will come into operation within two years. The company has purchased the land area of 35 bighas in Darwesa DVC of Morang to set up the sugar industry.',
			'sortorder' => '583',
			'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' => '685',
			'article_category_id' => '34',
			'title' => 'Global IME Bank Starts Operation',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img alt="global bank" border="1" height="158" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/global.jpg" vspace="5" width="400" /><br />
	<br />
	<br />
	Global Bank has become the first class ‘A’ financial institution to lead the merger of three institutions. It had first signed a memorandum of understanding (MoU) with IME Financial Institution for the merger and later with Lord Budhha Finance. A special general meeting of Global Bank held in the second week of May had given nod to the merger plan. <br />
	<br />
	Global Bank Chairman Chandra Prasad Dhakal said, “After the merger, the new entity has been named Global IME Bank and will have a paid-up capital of around Rs 2.58 billion.” Dhakal continues to lead Global Bank as Chairperson and current CEO Ratna Raj Bajracharya retained his position. <br />
	<br />
	According to the bank, its paid-up capital has reached Rs 2.18 billion, deposits - Rs 26 billion and credit - Rs 20 billion after the three financial institutions came together. It has also issued debentures worth Rs 400 million to expand its capital. Following the merger, the number of branches has expanded to 62 and it has a presence in 13 zones in the country. <br />
	 </p>',
			'published' => true,
			'created' => '2012-08-16',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Global Bank has become the first class ‘A’ financial institution to lead the merger of three institutions. It had first signed a memorandum of understanding (MoU) with IME Financial Institution for the merger and later with Lord Budhha Finance. A special general meeting of Global Bank held in the second week of May had given nod to the merger plan.',
			'sortorder' => '582',
			'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' => '684',
			'article_category_id' => '34',
			'title' => 'Coca-cola Expression 2012',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img alt="cocacola" border="1" height="213" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/cocacola.jpg" vspace="5" width="300" /><br />
	<br />
	<br />
	Coca-Cola Nepal, in association with Ace Institute of Management, organized the 4th Inter-College Festival - Expressions 2012. The festfeatured 15 colleges with 20 teams participating. The rock band 1974 AD also performed at the fest. The program was organized targeting graduate and postgraduate students with the theme “Involve Yourself.” The Inter-College Festival provided a platform for students to showcase their talent in various fields, including music, fine arts, fashion shows, and dramas. <br />
	<br />
	<br />
	The event acted as a medium for Coca-Cola to reach out to youngsters in an engaging and entertaining manner. <br />
	<br />
	 </p>',
			'published' => true,
			'created' => '2012-08-16',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Coca-Cola Nepal, in association with Ace Institute of Management, organized the 4th Inter-College Festival - Expressions 2012. The festfeatured 15 colleges with 20 teams participating. The rock band 1974 AD also performed at the fest.',
			'sortorder' => '581',
			'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' => '683',
			'article_category_id' => '34',
			'title' => 'Malaysian Airlines Adds Kathmandu To Its Network',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img alt="malaysia" border="1" height="57" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/malayaasia.jpg" vspace="5" width="300" /><br />
	<br />
	<br />
	Malaysia Airlines announced the introduction of yet another route to its network with the commencement of thrice-weekly direct services between Kuala Lumpur and Kathmandu effective from first of September 2012. According to Marco Polo, General Sales Agent of Malaysian Airlines, The airlines has prepared attractive packages to its customers with the commencement of its flight. <br />
	<br />
	“From 1 September 2012, flight MH170 will depart Kuala Lumpur on Tuesdays, Thursdays and Saturdays at 8:55am to arrive at Kathmandu at 11:30am. The return flight MH171 departs Kathmandu at 12:20pm to arrive at Kuala Lumpur at 7:15pm,” informed, Deepak Tuladhar, Operation Manager, Marco Polo. <br />
	<br />
	According to Tuladhar, the one-way flight charge is Rs 22,731 while the two-way flight will cost Rs 45,619. “Marco Polo Travels in association with Malaysian Travel Agency-MAS Holiday has prepared 2 nights and 3 days holiday packages for both national and international tourists,“ shared Tuladhar. The package includes stay in star rated hotel, sightseeing, transportation facilities for both inbound and outbound tourists. <br />
	<br />
	A two-class configured Boeing 737-800 aircraft with 144 economy class seats and 16 business class seats will be used for the Kuala Lumpur-Kathmandu return service. After the operation of Malaysian airlines, the flow of tourists along with Nepalis seeking employment opportunities will grow certainly, said Tuladhar. <br />
	 </p>',
			'published' => true,
			'created' => '2012-08-16',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Malaysia Airlines announced the introduction of yet another route to its network with the commencement of thrice-weekly direct services between Kuala Lumpur and Kathmandu effective from first of September 2012. According to Marco Polo, General Sales Agent of Malaysian Airlines, The airlines has prepared attractive packages to its customers with the commencement of its flight.',
			'sortorder' => '580',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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			'user_id' => '0'
		)
	),
	(int) 13 => array(
		'Article' => array(
			'id' => '682',
			'article_category_id' => '34',
			'title' => 'Nabil Completes 28 Years',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img alt="nabil  bank" border="1" height="148" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/nabil.jpg" vspace="5" width="244" /><br />
	<br />
	<br />
	Nabil Bank Limited (NBL) completed its 28th year of operations as the first private sector bank. Over the period, the Bank has grown constantly and remained at the top. Till date, it has total assets of Rs 66.25 billion, deposits of Rs 56.04 billion and loans of Rs 42.57. Its capital adequacy ratio is maintained at 12.03 per cent. NBL currently has 48 branches and 77 ATM outlets across the country. <br />
	<br />
	 </p>',
			'published' => true,
			'created' => '2012-08-16',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Nabil Bank Limited (NBL) completed its 28th year of operations as the first private sector bank. Over the period, the Bank has grown constantly and remained at the top. Till date, it has total assets of Rs 66.25 billion, deposits of Rs 56.04 billion and loans of Rs 42.57. Its capital adequacy ratio is maintained at 12.03 per cent. NBL currently has 48 branches and 77 ATM outlets across the country.',
			'sortorder' => '579',
			'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' => '681',
			'article_category_id' => '34',
			'title' => 'Mahindra REVA Expands REVA Sales In Nepal',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img alt="biz news" border="1" height="323" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/car(3).jpg" vspace="5" width="400" /><br />
	<br />
	<br />
	Mahindra REVA Electric Vehicles Pvt Ltd, one of the pioneers of electric vehicle technology in India, announced that its REVAi vehicle will be available at Mahindra dealership, AGNI ENERGY, in Nepal. This is one of the strategic initiatives announced by the company post its acquisition by the US$ 14.4 billion Mahindra Group. <br />
	<br />
	<br />
	“We are delighted to commence selling of the REVAi in Nepal where Mahindra is already an established brand name in the auto industry. With issues such as climate change and carbon footprint taking centre stage globally, eco-friendly transportation has become the need of the hour. Taking cognisance of this, the Nepal government has also introduced incentives for electric vehicles, making this segment more attractive. The electric vehicle market is hence, poised to grow rapidly. Mahindra’s extensive distribution and service network, coupled with support from various governmental measures will help us make significant inroads into the market,” said P Deep, General Manager – Exports, Mahindra REVA. <br />
	<br />
	 </p>',
			'published' => true,
			'created' => '2012-08-16',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Mahindra REVA Electric Vehicles Pvt Ltd, one of the pioneers of electric vehicle technology in India, announced that its REVAi vehicle will be available at Mahindra dealership, AGNI ENERGY, in Nepal. This is one of the strategic initiatives announced by the company post its acquisition by the US$ 14.4 billion Mahindra Group.',
			'sortorder' => '578',
			'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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simplexml_load_file - [internal], line ??
include - APP/View/Elements/side_bar.ctp, line 133
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/index.ctp, line 157
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117