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			'id' => '99',
			'article_category_id' => '31',
			'title' => ''Banks Are Becoming More Stable With Time'',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div style="width: 595px;">
	<div justify="" style="width: 595px;">
		<div>
			<div align="center" style="border: 1px solid rgb(204, 204, 204); padding: 5px;">
				<strong>"We have never announced that we would acquire any institutions in Nepal. People have approached us but we are not ready at this point of time. We are open to the idea but the political situation needs to stabilise first. Nobody will invest money in an unstable environment. and Russia.</strong>"</div>
			<br />
			<div align="center" style="border: 1px solid rgb(204, 204, 204); padding: 5px;">
				<strong>The global crisis has made everyone realise that it is not right to approach different banks for different purposes. It is better to procure as many services as possible with the same bank. The lack of relationship with a single back hit the people hard. In times of need, they were unable to get financing from the banks. There is definitely a change in the mindset of the clientele."</strong></div>
			<br />
			<div align="justify" style="border: 1px solid rgb(204, 204, 204); padding: 5px;">
				<strong>Neeraj Swaroop</strong> is the Regional Chief Executive of Standard Chartered Bank, India and South Asia. Swaroop was recently in Kathmandu to attend the annual general meeting (AGM) of Standard Chartered Bank Nepal Limited (SCBNL). In an interview with Nubiz, he shared his views on Nepal’s banking industry, SCBNL’s consistent performance and what banks are doing globally to remain stable in the post-crisis mode. Excerpts:</div>
		</div>
	</div>
</div>
<p>
	 </p>
<div style="width: 595px;">
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;">
		<div align="justify">
			<strong>How was the performance of Standard Chartered Bank Nepal Limited (SCBNL) in the last fi scal year? </strong><br />
			We have performed well for many years in a row. Our objective is not only to grow and register profit consistently but also to build a business which delivers the goods overall. We have seen through the crisis where many banks have not performed well. For banks, it is very easy to slip and make losses because they take undue risks. So our philosophy is to be prudent, take measured risks and show steady growth. What would you give the credit for your success over the years? We have continued to expand our products and services. This is receiving a huge patronage from the customers. The matter of pride and which is of great importance is a strong governance structure which is working very well. We are a compliant Bank. We have already been conferred the Banker of the Year 2009 Award. That was particularly pleasing for us. We also have been consistent with the quality of our portfolio for both the businesses i.e. Wholesale Banking and Consumer Banking. .</div>
	</div>
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;">
		<div align="justify">
			<strong>What explains the stagnation in the bank’s deposit collection and reduction in the earning per share during the last fi scal year compared to the year before? </strong><br />
			If we keep giving bonus every year, the Earning per Share (EPS) will go down. The right comparison is to adjust the bonus share and then look at the EPS because we have not raised additional capital. If you add the bonus shares, you will see that we have steadily increased EPS every year. As far as the growth in deposits and the loans are concerned, you can refer to our balance sheet. It has grown modestly because we are careful about expanding credit in an uncertain environment.In fact, our deposits have grown and so have the loans. It is a steady growth.<br />
			<br />
			<br />
			<br />
			<br />
			<br />
			<br />
			 </div>
	</div>
	<div style="clear: both;">
		 </div>
</div>
<div style="width: 595px;">
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;">
		<div align="justify">
			<strong>What plans does the SCBNL board have for the shareholders in the upcoming AGM?</strong><br />
			We have proposed for the AGM to approve a bonus issue of 15 per cent per 100 shares and a cash dividend of 55 per cent. I am confident that this will enthuse our shareholders a great deal.<br />
			<br />
			<br />
			 </div>
	</div>
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;">
		<div align="justify">
			<strong>Standard Chartered has indicated the willingness to acquire some BFIs in Nepal. What has been the progress so far? </strong><br />
			We have never announced that we would acquire any institutions in Nepal. People have approached us but we are not ready at this point of time. We are open to the idea but the political situation needs to stabilise first. Nobody will invest money in an unstable environment.</div>
	</div>
	<div style="clear: both;">
		 </div>
</div>
<div style="width: 595px;">
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;">
		<div align="justify">
			<strong>NRB seems determined to put a cap on the salary and benefi ts enjoyed by the CEOs of the banks. Will it have any effect on your bank’s operation in particular and the banking sector in general? </strong><br />
			We expect that the Central Bank will be practical about this matter but we will wait to see what they come up with. Unfortunately, only a handful of CEOs are being investigated. I have already discussed this matter with the authorities. I think they should not have any serious objection to individuals getting a certain pay. They are basically looking at some degree of equitability. As long as this reflects the size of the business and is not incentives only, it should not be a matter to worry about. The incentive system is not only about making short term profits.</div>
	</div>
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;">
		<div align="justify">
			<strong>What would you give the credit for your success over the years?</strong><br />
			We have continued to expand our products and services. This is receiving a huge patronage from the customers. The matter of pride and which is of great importance is a strong governance structure which is working very well. We are a compliant Bank. We have already been conferred the Banker of the Year 2009 Award. That was particularly pleasing for us. We also have been consistent with the quality of our portfolio for both the businesses i.e. Wholesale Banking and Consumer Banking.<br />
			<br />
			<br />
			<br />
			 </div>
	</div>
	<div style="clear: both;">
		 </div>
</div>
<div style="width: 595px;">
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;">
		<div align="justify">
			<strong>How is Standard Chartered viewing the proposed South Asian Regional Bank?</strong><br />
			I am not aware of any development to this end. It may have been proposed to promote trade or the import-export scenario. I cannot imagine a bank as such unless it is set up for a specific purpose like trade promotion, facilitating trade among the South-Asian countries etc. There has been however, some talk about financing trade. The FNCCI, too, has mentioned about having a trade corridor in a meeting.</div>
	</div>
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;">
		<div align="justify">
			<strong>In Nepal the concept of branchless banks has not gained momentum, unlike in India. How do you view this? </strong><br />
			We have definitely thought about such a possibility but it is still debatable. I really cannot commit anything at this point of time. We also look at the developments in other sectors, for example telecommunications. We would like to be doubly sure before we take the plunge into this endeavour.<br />
			<br />
			 </div>
	</div>
	<div style="clear: both;">
		 </div>
</div>
<div style="width: 595px;">
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;">
		<div align="justify">
			<strong>What is your overall assessment of Nepal’s banking industry? Also, is SCBNL planning to introduce any new product?</strong><br />
			At the industry level, our view is that there is tremendous prospect for growth in the long run. It has all the right ingredients for good growth. Banking Institutions always ride on the back of the economy because of the process of intermediaries. This sector is doing well not just in Nepal but in the most parts of South Asia. We are quite optimistic about the future. For us, this is a very good quality operation. We are proud that we enjoy a high reputation with our clientele. We are respected by a large section of the industry. The bank’s share prices reflect the confidence and appreciation by our shareholders and we are happy on this account. We are also proud of the quality of our governance as well as the service that we provide. We believe in long term business. Each year, we invest in increasing the number of ATMs, adding branches, inducting more staff, adding RMs and introducing new products. Once we see the economy picking up on the back of political stability, we’ll invest even more.</div>
	</div>
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;">
		<div align="justify">
			<strong>In the present context of Nepal, can the banking sector do anything from India or elsewhere? </strong><br />
			Banking is one of the oldest professions in this world. There is no reason why we cannot do what others can, in different parts of the world. The building of a strong balance sheet means having the right ratios in terms of capital, liquidity and tenure. The quality of a bank’s balance sheet is the heart of its stability and performance. If you look at the Indian as well as other South Asian countries’ banking system, they survived through the crisis because of good balance sheets. Perhaps, they had learnt their lesson from the 1997 Asian crisis when over leverage of the Asian banks had resulted in weak balance sheets. As I understand, all banks in Nepal are not as prudent in the balance sheet structure as they should be. The Nepali banks must have sound balance sheets in order to stay healthy. Good balance sheets lead to good credit evaluating norms which are based on the analysis of cash flows and balance sheets of customers. The banks looking at long term operations almost always follow this mandatory process.</div>
	</div>
	<div style="clear: both;">
		 </div>
</div>
<div style="width: 595px;">
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;">
		<div align="justify">
			<strong>Are there new trends being set worldwide in the banking sector? </strong><br />
			I’ll not exactly call it a new trend but rather a new stage, where the banking industry is in a post-crisis mode. However, we are not feeling the crisis here. The western crisis has affected banking both from the regulators’ and the bankers’ perspectives. Greater restrictions on liquidity as well as on compliance and prudential norms by the regulators have come to the fore. Earlier, most regulators were happy with a broad principle based regulation but now they are keen on a rule-based regulation. They want to check everything because they have been criticised for the failure of the banking system. Hence, the regulators are far more careful now. One thing that has changed after the global crisis is that more banks are focusing on relationship banking now. The crisis has made everyone realise that it is not right to approach different banks for different purposes. It is better to procure as many services as possible with the same bank. The lack of relationship with a single back hit the people hard. In times of need, they were unable to get financing from the banks. There is definitely a change in the mindset of the clientele. The banking system is evolving and I think the crisis has accelerated it. On a positive note, the banks are becoming more stable with time.</div>
	</div>
	<div style="clear: both;">
		 </div>
</div>',
			'published' => true,
			'created' => '2010-12-24',
			'modified' => '2010-12-24',
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			'description' => '"We have never announced that we would acquire any institutions in Nepal. People have approached us but we are not ready at this point of time. We are open to the idea but the political situation needs to stabilise first. Nobody will invest money in an unstable environment. and Russia."',
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	(int) 1 => array(
		'Article' => array(
			'id' => '98',
			'article_category_id' => '31',
			'title' => 'With Nepal, Our Brand Has Now Reached 14 Countries',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div style="width: 595px;">
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 100%;">
		<strong>Muhammet Coşkun</strong> is the International Marketing Manager of Suvari, one of the most celebrated men’s wear clothing ranges from Turkey, and spread over 13 countries in the world. He was recently in Kathmandu at the opening of the Suvari showroom. The exclusive showroom was opened in association with the local partner, Mediterian Link Holdings Pvt Ltd. It is an investment company established by seasoned entrepreneurs like Akhil Chapagain, Chairperson of Akhil Trading Concerns Pvt Ltd, Kush Kumar Joshi Chairperson of FNCCI, Shukuntalal Hirachan, Chairperson of United Builders and Engineers, among others. In an interview with Nubiz, Coşkun shares how Suvari can become the first choice of fashionconscious Nepali males. Excerpts:</div>
</div>
<p>
	 </p>
<div style="width: 595px;">
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 100%;">
		<strong>We don’t categorize countries into developed or developing ones while seeking to expand our network. We have already established ourselves in Europe and Russia. </strong></div>
</div>
<p>
	 </p>
<div style="width: 595px;">
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;">
		<div align="justify">
			<strong>Why do you think Nepal can be a good market for a branded wear like Suvari?</strong><br />
			I think Nepal is a good market for the suvari brand because we give the ready-made clothing to them. In Nepal, there is a trend to buy the fabric first and get it stitched from the tailor. This is sometime difficult because there might be some mistake in the measurement of the body and your whole expense goes in vain. I met one Nepali businessman today who said he bought a very expensive fabric to make a suit of his choice, but when the suit was ready it was a completely different one. He took the suit home but hasn’t worn it for a single day. With Suvari, there is no risk. We have suits available in a range of sizes. Both the fabric and tailoring are done in Turkey. The Nepali men can try the clothing and take home the exact fit.</div>
	</div>
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;">
		<div align="justify">
			<strong>How do you defi ne Suvari? What is the present status of this<br />
			brand in the market?</strong><br />
			Suvari is a famous men’s wear brand of Turkey. The brand was first established in 1997 as a shirt brand but as the product and brand name took height, its products range was expanded to suits, trousers, shirts, blazers and all dress accessories for men. Now we have 57 stores in Turkey. And we are always trying to expand our network by increasing the number of outlets. We are opening a new outlet every month. We have 35 stores in 13 countries outside Turkey. With Nepal, our brand has now reached 14 countries. We fully own some of our stores abroad, while for others we have local partners, for example, for our store in Katmandu, Nepal.<br />
			 </div>
	</div>
	<div style="clear: both;">
		 </div>
</div>
<div style="width: 595px;">
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;">
		<div align="justify">
			<strong>How do you choose a country to open an outlet for your products?</strong><br />
			First of all, we study the market potential for our products in any country. When we are assured that the country has a good market for our brand, we decide to invest in that country. Prior to our investment in Nepal, we carried out a similar market study. We don’t categorize countries into developed or developing ones while seeking to expand our network. We have already established ourselves in Europe and Russia. And at the same time, we are successful in the Middle East and South Africa.</div>
	</div>
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;">
		<div align="justify">
			<strong>Do you also have women’s or kids’ wear?</strong><br />
			We are only concentrating on men’s wear because we want to specialize in this segment. Women’s and kids’ wear are very different to that of men’s. If you observe the fashion world, there are very few brands in the world that are successful in each of these segments, for example, Zara. Usually, if you cannot specialize in your work, you cannot be successful. In men’s wear we are very successful. We are not interested in the women’s or kids’ wear.<br />
			<br />
			 </div>
	</div>
	<div style="clear: both;">
		 </div>
</div>
<p>
	 </p>
<div style="width: 595px;">
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;">
		<div align="justify">
			<strong>Talking about specialization, is your focus on the entire range of men’s wear or is it limited to some special category of clothing range?</strong><br />
			Our focus is on the classic men’s wear. We basically design clothes for businessmen and expatriates who want to wear formal dresses everyday. So we design suits for their trips, or formal meetings etc. But we intend to give them choices for their holidays. That’s why we have a range of casual wear as well. But we don’t have sportswear or other trends. Our main focus is classic wear like suits and some choices for casual wear.</div>
	</div>
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;">
		<div align="justify">
			<strong>What is the price range of Suvari?</strong><br />
			The price of suits ranges from Rs 13,500 to 25,000. Our shirts are all priced equally at Rs 2,000 each. But I would like to assure all Nepalis that they are getting the best clothing at this price. We do not compromise on quality. We design our clothing in accordance with the newest emerging trends. So they are not expensive for someone who understands fashion and wants to look good.<br />
			<br />
			<br />
			<br />
			 </div>
	</div>
	<div style="clear: both;">
		 </div>
</div>
<div style="width: 595px;">
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;">
		<div align="justify">
			<strong>But what about the middle-class man who, too, wants to look good? Do you have any scheme to incorporate them into your customer network?</strong><br />
			Our clothing is basically targeted at the businessmen or at those who can spend a good amount of money for themselves. But again we cannot neglect the middle-class people who constitute the majority of the population. We will come up with some schemes for the middle-class men as well.</div>
	</div>
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;">
		<div align="justify">
			<strong>What are your future plans with Nepal? Will you work with other local partners as well?</strong><br />
			I love this country very much. This is the second time I am visiting this country but it has made a huge impact on my heart. The Nepali people are very warm and honest. So I can identify myself as a Turkish with any Nepali over here. I think Nepal and Turkey can work together in many areas. This is just a beginning. From my side, I will always try to reduce the distance between Turkey and Nepal.</div>
	</div>
	<div style="clear: both;">
		 </div>
</div>
<div style="width: 595px;">
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;">
		<div align="justify">
			<strong>You have started with a showroom at the United World Trade Center (UWTC). Is there a plan for more showrooms?</strong><br />
			The showroom inside UWTC is our first showroom. But within six months we are planning to open another showroom inside the Kathmandu Valley. The location of the showroom is yet to be decided.<br />
			 </div>
	</div>
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;">
		<div align="justify">
			<strong>What’s your investment in the UWTC showroom?</strong><br />
			Here we are working with a local partner, Mediterian Link Holdings Ltd. So our investment was 60 thousand US dollars only. But we are planning to increase our investment and provide more choices to the Nepali people. For this we will first see how the business goes here. If everything goes fine, we will certainly increase our investment.</div>
	</div>
	<div style="clear: both;">
		 </div>
</div>
<div style="width: 595px;">
	<div style="clear: both;">
		 </div>
</div>',
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			'created' => '2010-12-24',
			'modified' => '2010-12-31',
			'keywords' => '',
			'description' => 'We don’t categorize countries into
developed or developing ones while
seeking to expand our network. We have
already established ourselves in Europe
and Russia.',
			'sortorder' => '47',
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		'Article' => array(
			'id' => '97',
			'article_category_id' => '34',
			'title' => 'Agro Refi Nery In Rupandehi',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div style="width: 595px;">
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;">
		<div align="justify">
			Himalayan Agro Business and Research Service Pvt Ltd has set up an industry in Rupandehi for processing agriculture products. The industry will begin the processing of tomatoes as well as ginger, garlic, buckwheat and other agro products within a few months. The industry will manufacture ketchup, puree and sauce from tomatoes, candy, powder, tonic and paste from ginger and paste from garlic and flour and noodles from buckwheat, according to Jagadish Chandra Gautam, chairman of the company.<br />
			The industry has a capacity of processing 10,000 MTs of agro products and herbs. </div>
	</div>
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;">
		<div align="justify">
			The industry was established a year ago and it started experimental processing of the herbs last year.According to Gautam, the industry was set up at a cost of Rs 10 million. The industry has also been manufacturing aromatic oils from lemongrass, menthol and chamomile. The industry aims to produce 100 MTs of tomato<br />
			The industry aims to produce 100 MTs of tomato products, 1000 MTs of ginger candy and 60 KGs of aromatic oils. The products of the industry will be sold in Kathmandu, Pokhara, Narayangadh, Butwal, Biratnagar and other cities. There are also possibilities of export to India.</div>
	</div>
	<div style="clear: both;">
		 </div>
</div>',
			'published' => true,
			'created' => '2010-12-23',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Himalayan Agro Business and Research Service Pvt Ltd has set up an industry in Rupandehi for processing agriculture products.',
			'sortorder' => '46',
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	(int) 3 => array(
		'Article' => array(
			'id' => '96',
			'article_category_id' => '34',
			'title' => 'Conference On South Asian Trade',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div style="width: 595px;">
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;">
		<div align="justify">
			The one day conference of the South Asian young entrepreneurs was held on November 12. On the event, chairman of FNCCI, Kush Kumar Joshi said that regional trade development is required for the economic development in South-Asia. He expressed dissatisfaction at the fact that the intra-regional trade of SAARC countries increased 2 per cent only in past 3 decades. He added, “The entrepreneurs of SAARC regions are more capable than those of the other regions but they are not able to work professionally due to political instability”.</div>
	</div>
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;">
		<div align="justify">
			Bangladesh participated in the conference jointly organised by SAARC Chamber of Commerce and Industry, Nepal Chamber of Commerce and Nepal Young Entrepreneurs’ Forum. It was supported by Friedrich Naumann Stiftung of Germany. The conference was also attended by Pradeep Kumar Shrestha, Vice President of SAARC CCI; Iqbal Tabish, General Secretary of SAARC CCI; and Sharukh Mallik, President of SAARC Chamber of Commerce and Industry’s Young Entrepreneurs’ Forum (SYEF).<br />
			 </div>
	</div>
	<div style="clear: both;">
		 </div>
</div>',
			'published' => true,
			'created' => '2010-12-23',
			'modified' => '2010-12-31',
			'keywords' => '',
			'description' => 'The one day conference of the South Asian young entrepreneurs was held on November 12. On the event, chairman of FNCCI, Kush Kumar Joshi said that regional trade development is required for the economic development in South-Asia.',
			'sortorder' => '45',
			'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' => '95',
			'article_category_id' => '34',
			'title' => 'Hyundai Next Gen I10',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div style="width: 595px;">
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;">
		<div align="justify">
			Laxmi Inter-continental of Laxmi Group has been declared as the sole authorised dealer of Hyundai in Nepal. Intercontinental for the past two years has been providing the services such as sales, service and spare parts of Hyundai.<br />
			On the occasion, the company introduced ‘Next Gen i10’ car under sportage series in the market. Hyundai Next Gen i10 comes with two models- 1.1 iRDE2 and 1.2 Kappa2 VTVT. With a more efficient engine, the new 1.1 iRDE2 Next Gen i10 has ARAI certified mileage of 19.81 km per litre of petrol while the 1.2 Kappa2 VTVT possess of a mileage of 20.36 km per litre making i10 the most fuel efficient petrol car.</div>
	</div>
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;">
		<div align="justify">
			The car brings the highly innovative features like gear shift indicator display (M/T only), digital fuel indicator, steering mounted audio, Bluetooth controls with multiple power outlets, dual air bag, reverse parking sensor, foldable key, height adjustable driver seat, deluxe floor console with power outlet, keyless entry with burglar alarm and engine immobilizer. Vastly improved and stylish Next Gen i10 is available in 8 different colours that include crystal white, silk silver, ice silver, chimpanzee gold, electric red, carbon grey and thunder black. The car is also featured with electric sunroof. It has 155 ml ground clearance and a 2380 mm wheel base.</div>
	</div>
	<div style="clear: both;">
		 </div>
</div>',
			'published' => true,
			'created' => '2010-12-23',
			'modified' => '2010-12-31',
			'keywords' => '',
			'description' => 'Laxmi Inter-continental of Laxmi Group has been declared as the sole authorised dealer of Hyundai in Nepal. Intercontinental for the past two years has been providing the services such as sales, service and spare parts of Hyundai.',
			'sortorder' => '44',
			'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' => '94',
			'article_category_id' => '34',
			'title' => 'Slate Industry Worth Rs 11.5 Million',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div style="width: 595px;">
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;">
		<div align="justify">
			The Far Western Slate Industry is going to be established in Beladevi of Kailali district with a capital of Rs 11.5 million. Jeetendra Karki, Director of the industry said that the industry will produce 300 to 350 tons of slate powder daily. Karki also said that the industry will come into operation within the next five months. “The legal process has already completed,” he added. “The production will start from Chaitra (March-April)”.<br />
			All the raw materials required for the production will</div>
	</div>
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;">
		<div align="justify">
			be collected from the far western districts like Baitadi, Darchula, Bajhang and Achham, said Karki. “We have completed all processes including the field study to bring the raw materials. We also have started the feasibility study in other districts.” The construction of the industry started some two years ago. The industry is supposed to employ more than 200 labours once it becomes operational. The slate powder of Nepal is considered to be of high quality.</div>
	</div>
	<div style="clear: both;">
		 </div>
</div>',
			'published' => true,
			'created' => '2010-12-23',
			'modified' => '2010-12-31',
			'keywords' => '',
			'description' => 'The Far Western Slate Industry is going to be established in Beladevi of Kailali district with a capital of Rs 11.5 million.',
			'sortorder' => '43',
			'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' => '93',
			'article_category_id' => '34',
			'title' => 'Commercial Bank Profit Swells Up',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div style="width: 595px;">
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 45%; float: left;">
		<div align="justify">
			Profit of the commercial banks has increased in the first quarter of the current fiscal year 2010/11 compared to the same period last year. Unaudited financial reports of 23 banks show that they together made a net profit of Rs 3.08 billion in the first quarter of the running fiscal year. Among the banks that have published their quarterly reports, Rastriya Banijya Bank secures the top position by making a net profit of Rs 343.5 million. It is 7.66 per cent more compared to the corresponding period of the last fiscal year (2009/10). The bank’s expenditure for the staffers was reduced and extraordinary income increased this year to increase the profit. On the list of profit makers, Nepal Investment Bank Ltd grabs the second position with a profit of Rs 335.8 million. It is approximately 15 per cent more compared to the same period the previous year.<br />
			Nabil, Agriculture Development and Standard Chartered banks followed the Investment Bank in the list, respectively. In terms of percentage increase in profit, DCBL, NMB, KIST, Sunrise and Global lead the group. The banks that witnessed huge decline in profit in comparison to the corresponding period last year are Lumbini (66.48 %), NCC (43.49%) and NB (32.52%). Standard Chartered Bank also saw 4.74 per cent decline in profit this quarter. Non-operating expenses of Lumbini bank reached Rs 173.7 million in this quarter that was nil in the corresponding period of the previous fiscal year.&nbsp; It was the main reason for Lumbini’s decline in profit. The non-operating expenses and forex exchange loss are the reasons for the decrease in NCC bank’s profits.</div>
	</div>
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 50%; float: right;">
		<div>
			<div align="center">
				<strong>Profi t of the commercial banks in the fi rst quarter of the fi scal year 2010/11</strong> <br />
				<span style="font-size: 11px; float: right;">Rs in million</span><br />
				<img alt="" height="290" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/table.jpg" style="margin: 0px; padding: 0pt;" width="296" /></div>
			<div>
				<br />
				Source: financial results published by respective banks Rs in million</div>
		</div>
	</div>
	<div style="clear: both;">
		 </div>
</div>',
			'published' => true,
			'created' => '2010-12-23',
			'modified' => '2010-12-23',
			'keywords' => '',
			'description' => 'Profit of the commercial banks has increased in the first quarter of the current fiscal year 2010/11 compared to the same period last year.',
			'sortorder' => '42',
			'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' => '92',
			'article_category_id' => '34',
			'title' => 'Arihant Installs Environment- Friendly Machine',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div style="width: 595px;">
	<div style="width: 48%; float: left;">
		<div align="justify" style="border: 1px solid rgb(204, 204, 204); padding: 5px;">
			Arihant Multifibers Ltd, the largest jute factory of Nepal, has installed environment-friendly technology in its plant located at Sonapur of Sunsari. The factory has replaced old drying machine with environment-friendly machine for sack production. The new technology is not only environment-friendly but also cost-effective. The company invested Rs 25 million to make its machine smoke-free, according to Govinda Bajagain, administrative head of the factory. The factory converted 250 looms into smoke-free machines by using local resources.</div>
	</div>
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;">
		<div align="justify">
			“New technology takes fewer amounts of fuel, water, electricity and human effort,” said Bajagain, “we don’t need to hear complaints from the local residents as well.” The smoke and ashes from the drying machine used to pollute the environment of the vicinity, said the factory administration. Local residents had protested against the factory compelling it to search an alternative to the old drying machine.<br />
			<br />
			<br />
			 </div>
	</div>
	<div style="clear: both;">
		 </div>
</div>',
			'published' => true,
			'created' => '2010-12-23',
			'modified' => '2010-12-31',
			'keywords' => '',
			'description' => 'Arihant Multifibers Ltd, the largest jute factory of Nepal, has installed environment-friendly technology in its plant located at Sonapur of Sunsari.',
			'sortorder' => '41',
			'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' => '91',
			'article_category_id' => '34',
			'title' => 'Ncell’s 3G Scales Mt Everest',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div style="width: 595px;">
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;">
		<div align="justify">
			Ncell, a subsidiary of Swedish phone giant TeliaSonera, has set up a high-speed third-generation (3G) phone base station at Mount Everest region. The installation could enable people living in the Khumbu Valley and tens of thousands of trekkers and climbers to surf the internet and make a video call from an altitude of 5,200 meters.<br />
			"Today we made the world's highest video call from Mt Everest base camp successfully,” said Ncell Nepal Chief Pasi Koistinen in a press-meet. Now it is possible to browse the web, e-mail and make a call in a pocket-friendly way.</div>
	</div>
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;">
		<div align="justify">
			“This achievement is as mighty as the altitude as 3G high speed internet will bring faster, more affordable telecommunication services to the people living in the Khumbu Valley, trekkers and climbers alike,” said Lars Nyberg, President and CEO of TeliaSonera. The new facility from Ncell is seen very optimistically for its possible good impact on the upcoming Nepal Tourism Year 2011. TeliaSonera also unveiled plans for future investments in Nepal. According to Nyberg, TeliaSonera is planning to spend over US $ 100 million and cover 90 per cent of the population with affordable telecom service.</div>
	</div>
	<div style="clear: both;">
		 </div>
</div>',
			'published' => true,
			'created' => '2010-12-23',
			'modified' => '2010-12-31',
			'keywords' => '',
			'description' => 'Ncell, a subsidiary of Swedish phone giant TeliaSonera, has set up a high-speed third-generation (3G) phone base station at Mount Everest region.',
			'sortorder' => '40',
			'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' => '90',
			'article_category_id' => '34',
			'title' => 'Japan Agriculture Ready To Take Nepali Workers',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div style="width: 595px;">
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;">
		<div align="justify">
			Japan Agriculture Exchange Council has agreed to take Nepalis to Japan as trainee workers. The Council will receive labourers from the manpower companies associated with Japan International Training Co-operation Organization (JITCO).<br />
			Japan is seeking Nepali manpower in the field of agriculture, fish farming, pig farming and many more, said Son Suzuki, the chairman of the council. “We are visiting various places to study the feasibilities,” said Suzuki.</div>
	</div>
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;">
		<div align="justify">
			They are conducting research tour in Nepal Agriculture Research Council (NARC), Rampur Agriculture Campus and other districts.<br />
			The council has been taking workers from countries like Malaysia, Thailand and Philippines so far. However possibility of Nepali workers becomes high after the completion of the tour, said Suzuki. The council is supposed to submit the report to the Ministry of Agriculture in Japan by mid November.</div>
	</div>
	<div style="clear: both;">
		 </div>
</div>',
			'published' => true,
			'created' => '2010-12-23',
			'modified' => '2010-12-31',
			'keywords' => '',
			'description' => 'Japan Agriculture Exchange Council has agreed to take Nepalis to Japan as trainee workers. The Council will receive labourers from the manpower companies associated with Japan International Training Co-operation Organization (JITCO).',
			'sortorder' => '39',
			'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' => '89',
			'article_category_id' => '34',
			'title' => 'Shalimar Aims To Triple Its Production',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div style="width: 595px;">
	<div style="width: 49%; float: left;">
		<div align="justify">
			Nepal Shalimar P a i n t s has tripled its production by establishing new plant in Parwanipur of Parsa. The new u n i t w i t h t h e capacity of 13,000 metric ton is set up with an investment of Rs 150 million.<br />
			According to Madhav Gautam, Marketing General Manager of Shalimar, 75 per cent of the construction is complete. “We will start manufacturing by coming January,” said Gautam. The company has been producing 3,000 metric ton paints from the factory in Pipara of Birgunj.</div>
	</div>
	<div style="width: 49%; float: right;">
		<div align="justify">
			“The concept of new plant came with our ambition to manufacture paints over a billion amount,” shared Gautam. At present, the annual market of Nepali paints is considered to be Rs 3.5 billion. According to Gautam, Shalimar covers 13 per cent of the market share. Different entrepreneurs assume business of Nepali paints to increase by 25 per cent on the annual basis.</div>
	</div>
	<div style="clear: both;">
		 </div>
</div>',
			'published' => true,
			'created' => '2010-12-23',
			'modified' => '2010-12-23',
			'keywords' => '',
			'description' => 'Nepal Shalimar P a i n t s has tripled its production by establishing new plant in Parwanipur of Parsa. The new u n i t w i t h t h e capacity of 13,000 metric ton is set up with an investment of Rs 150 million.',
			'sortorder' => '38',
			'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' => '88',
			'article_category_id' => '34',
			'title' => 'Handicraft Lab On Cards',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div style="width: 595px;">
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;">
		<div align="justify">
			The Federation of Handicraft Association of Nepal (FHAN) is establishing a handicraft lab to test the quality of Nepali handicrafts. Pressure to establish a lab come from major importing countries that started questioning the use of hazardous elements like cadmium in the handicrafts.<br />
			FHAN has estimated the cost of the laboratory to be Rs 12 million, out of which the Federation will invest 51 per cent and the rest will be covered by the government . The lab will be located in the premises of Trade and Export Promotion&nbsp; Centre</div>
	</div>
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;">
		<div align="justify">
			(TEPC) in Lalitpur.<br />
			“Had the government passed the budget, construction part of the laboratory would have started earlier,” said Rishi Raj Subedi, undersecretary of FHAN. According to Bikash Ratna Dhakwa, the chairman of the federation, FHAN is lobbying for the land to construct the lab. A three-member taskforce is formed for this purpose which comprises of member from the federation, department of customs and an expert.<br />
			 </div>
	</div>
	<div style="clear: both;">
		 </div>
</div>',
			'published' => true,
			'created' => '2010-12-23',
			'modified' => '2010-12-31',
			'keywords' => '',
			'description' => 'The Federation of Handicraft Association of Nepal (FHAN) is establishing a handicraft lab to test the quality of Nepali handicrafts.',
			'sortorder' => '37',
			'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' => '87',
			'article_category_id' => '34',
			'title' => 'Cleaning Solution From Giri Group',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div style="width: 595px;">
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;">
		<div style="text-align: justify;">
			Giri Group has come up with a laundry solution for the busy people of the Valley. The group will establish a huge laundry at Tilganga, the heart of Kathmandu, with an investment of Rs 200 million. “It will be the first modern laundry of Nepal with the capacity to wash 15 thousand pairs of clothes daily,” says Kishan Giri, Managing Director of the company.<br />
			The laundry will also introduce membership card for the households. “As per the need of the household, we can wash clothes twice a week,” says he.</div>
	</div>
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right; text-align: justify;">
		On the basis of the quantity of clothes, the company will charge Rs 1,000 to 1,500 per month. The customers of the laundry will also enjoy the facility of home delivery, Giri says.<br />
		The company will establish laundry collection centre at the major locations of the Valley like New Baneswor, Battisputali, Koteswor and Tinkune, etc. “The laundry is committed to return the clothes within a single day,” Giri shared. According to him, the laundry may hardly take two hours to wash, dry and iron the clothes.<br />
		 </div>
	<div style="clear: both; text-align: justify;">
		 </div>
</div>',
			'published' => true,
			'created' => '2010-12-23',
			'modified' => '2010-12-31',
			'keywords' => '',
			'description' => 'Giri Group has come up with a laundry solution for the busy people of the Valley. The group will establish a huge laundry at Tilganga, the heart of Kathmandu, with an investment of Rs 200 million.',
			'sortorder' => '36',
			'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' => '86',
			'article_category_id' => '34',
			'title' => 'Trikon-Starcom Joint Venture',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div style="width: 595px;">
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;">
		<div style="text-align: justify;">
			Trikon Advertising Service, one of the top advertising agencies of Nepal operating for nearly 25 years, has joined hands with internationally renowned media communications agency Starcom Worldwide which is based in Chicago. “After this agreement, Trikon will be performing internationally and will lead Nepali media to the highest level”, said Rajendra Aryal, the managing director of Trikon. Trikon will provide media planning and buying services in Nepal which will meet the high standards of quality and service acceptable to Starcom.</div>
	</div>
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right; text-align: justify;">
		Trikon Advertising Service, is already an official media agency of the BIG Cinemas, India’s largest cinema chain with 440 screens spread across India, USA, Malaysia, Europe and Nepal. <br />
		It will now operate its advertising business with a new logo. Starcom is a full-service global media division of Starcom Mediavest Group (SMG) with world-renowned expertise in communications, strategy, media buying and consumer research—leveraged on behalf of some world’s smartest marketers.<br />
		 </div>
	<div style="clear: both; text-align: justify;">
		 </div>
</div>',
			'published' => true,
			'created' => '2010-12-23',
			'modified' => '2010-12-31',
			'keywords' => '',
			'description' => '',
			'sortorder' => '35',
			'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' => '85',
			'article_category_id' => '34',
			'title' => 'MaHa Duo Brand Ambassador Of NLIC',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div style="width: 595px;">
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;">
		<div style="text-align: justify;">
			NLIC has signed up the famous artist duo of Madan Krishna Shrestha and Hari Bansa Acharya as the company’s brand ambassador for a period of two years. The company’s professional slogan is: ‘It’s good to have a life insurance, it’s better to get it from NLIC.<br />
			The company has been providing its insurance</div>
	</div>
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right; text-align: justify;">
		services through different insurance schemes.The company expects that the duo will help in informing the public about the benefits of having an insurance policy. The d u o w i l l appear in the TV ads of the company that will be aired soon. Along with this, the pair will also be featured in ads in the print media.</div>
	<div style="clear: both; text-align: justify;">
		 </div>
</div>',
			'published' => true,
			'created' => '2010-12-23',
			'modified' => '2010-12-31',
			'keywords' => '',
			'description' => 'NLIC has signed up the famous artist duo of Madan Krishna Shrestha and Hari Bansa Acharya as the company’s brand ambassador for a period of two years.',
			'sortorder' => '34',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	)
)
$current_user = null
$logged_in = false
include - APP/View/Elements/side_bar.ctp, line 60
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/index.ctp, line 157
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
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			'id' => '99',
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			'title' => ''Banks Are Becoming More Stable With Time'',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div style="width: 595px;">
	<div justify="" style="width: 595px;">
		<div>
			<div align="center" style="border: 1px solid rgb(204, 204, 204); padding: 5px;">
				<strong>"We have never announced that we would acquire any institutions in Nepal. People have approached us but we are not ready at this point of time. We are open to the idea but the political situation needs to stabilise first. Nobody will invest money in an unstable environment. and Russia.</strong>"</div>
			<br />
			<div align="center" style="border: 1px solid rgb(204, 204, 204); padding: 5px;">
				<strong>The global crisis has made everyone realise that it is not right to approach different banks for different purposes. It is better to procure as many services as possible with the same bank. The lack of relationship with a single back hit the people hard. In times of need, they were unable to get financing from the banks. There is definitely a change in the mindset of the clientele."</strong></div>
			<br />
			<div align="justify" style="border: 1px solid rgb(204, 204, 204); padding: 5px;">
				<strong>Neeraj Swaroop</strong> is the Regional Chief Executive of Standard Chartered Bank, India and South Asia. Swaroop was recently in Kathmandu to attend the annual general meeting (AGM) of Standard Chartered Bank Nepal Limited (SCBNL). In an interview with Nubiz, he shared his views on Nepal’s banking industry, SCBNL’s consistent performance and what banks are doing globally to remain stable in the post-crisis mode. Excerpts:</div>
		</div>
	</div>
</div>
<p>
	 </p>
<div style="width: 595px;">
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;">
		<div align="justify">
			<strong>How was the performance of Standard Chartered Bank Nepal Limited (SCBNL) in the last fi scal year? </strong><br />
			We have performed well for many years in a row. Our objective is not only to grow and register profit consistently but also to build a business which delivers the goods overall. We have seen through the crisis where many banks have not performed well. For banks, it is very easy to slip and make losses because they take undue risks. So our philosophy is to be prudent, take measured risks and show steady growth. What would you give the credit for your success over the years? We have continued to expand our products and services. This is receiving a huge patronage from the customers. The matter of pride and which is of great importance is a strong governance structure which is working very well. We are a compliant Bank. We have already been conferred the Banker of the Year 2009 Award. That was particularly pleasing for us. We also have been consistent with the quality of our portfolio for both the businesses i.e. Wholesale Banking and Consumer Banking. .</div>
	</div>
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;">
		<div align="justify">
			<strong>What explains the stagnation in the bank’s deposit collection and reduction in the earning per share during the last fi scal year compared to the year before? </strong><br />
			If we keep giving bonus every year, the Earning per Share (EPS) will go down. The right comparison is to adjust the bonus share and then look at the EPS because we have not raised additional capital. If you add the bonus shares, you will see that we have steadily increased EPS every year. As far as the growth in deposits and the loans are concerned, you can refer to our balance sheet. It has grown modestly because we are careful about expanding credit in an uncertain environment.In fact, our deposits have grown and so have the loans. It is a steady growth.<br />
			<br />
			<br />
			<br />
			<br />
			<br />
			<br />
			 </div>
	</div>
	<div style="clear: both;">
		 </div>
</div>
<div style="width: 595px;">
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;">
		<div align="justify">
			<strong>What plans does the SCBNL board have for the shareholders in the upcoming AGM?</strong><br />
			We have proposed for the AGM to approve a bonus issue of 15 per cent per 100 shares and a cash dividend of 55 per cent. I am confident that this will enthuse our shareholders a great deal.<br />
			<br />
			<br />
			 </div>
	</div>
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;">
		<div align="justify">
			<strong>Standard Chartered has indicated the willingness to acquire some BFIs in Nepal. What has been the progress so far? </strong><br />
			We have never announced that we would acquire any institutions in Nepal. People have approached us but we are not ready at this point of time. We are open to the idea but the political situation needs to stabilise first. Nobody will invest money in an unstable environment.</div>
	</div>
	<div style="clear: both;">
		 </div>
</div>
<div style="width: 595px;">
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;">
		<div align="justify">
			<strong>NRB seems determined to put a cap on the salary and benefi ts enjoyed by the CEOs of the banks. Will it have any effect on your bank’s operation in particular and the banking sector in general? </strong><br />
			We expect that the Central Bank will be practical about this matter but we will wait to see what they come up with. Unfortunately, only a handful of CEOs are being investigated. I have already discussed this matter with the authorities. I think they should not have any serious objection to individuals getting a certain pay. They are basically looking at some degree of equitability. As long as this reflects the size of the business and is not incentives only, it should not be a matter to worry about. The incentive system is not only about making short term profits.</div>
	</div>
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;">
		<div align="justify">
			<strong>What would you give the credit for your success over the years?</strong><br />
			We have continued to expand our products and services. This is receiving a huge patronage from the customers. The matter of pride and which is of great importance is a strong governance structure which is working very well. We are a compliant Bank. We have already been conferred the Banker of the Year 2009 Award. That was particularly pleasing for us. We also have been consistent with the quality of our portfolio for both the businesses i.e. Wholesale Banking and Consumer Banking.<br />
			<br />
			<br />
			<br />
			 </div>
	</div>
	<div style="clear: both;">
		 </div>
</div>
<div style="width: 595px;">
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;">
		<div align="justify">
			<strong>How is Standard Chartered viewing the proposed South Asian Regional Bank?</strong><br />
			I am not aware of any development to this end. It may have been proposed to promote trade or the import-export scenario. I cannot imagine a bank as such unless it is set up for a specific purpose like trade promotion, facilitating trade among the South-Asian countries etc. There has been however, some talk about financing trade. The FNCCI, too, has mentioned about having a trade corridor in a meeting.</div>
	</div>
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;">
		<div align="justify">
			<strong>In Nepal the concept of branchless banks has not gained momentum, unlike in India. How do you view this? </strong><br />
			We have definitely thought about such a possibility but it is still debatable. I really cannot commit anything at this point of time. We also look at the developments in other sectors, for example telecommunications. We would like to be doubly sure before we take the plunge into this endeavour.<br />
			<br />
			 </div>
	</div>
	<div style="clear: both;">
		 </div>
</div>
<div style="width: 595px;">
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;">
		<div align="justify">
			<strong>What is your overall assessment of Nepal’s banking industry? Also, is SCBNL planning to introduce any new product?</strong><br />
			At the industry level, our view is that there is tremendous prospect for growth in the long run. It has all the right ingredients for good growth. Banking Institutions always ride on the back of the economy because of the process of intermediaries. This sector is doing well not just in Nepal but in the most parts of South Asia. We are quite optimistic about the future. For us, this is a very good quality operation. We are proud that we enjoy a high reputation with our clientele. We are respected by a large section of the industry. The bank’s share prices reflect the confidence and appreciation by our shareholders and we are happy on this account. We are also proud of the quality of our governance as well as the service that we provide. We believe in long term business. Each year, we invest in increasing the number of ATMs, adding branches, inducting more staff, adding RMs and introducing new products. Once we see the economy picking up on the back of political stability, we’ll invest even more.</div>
	</div>
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;">
		<div align="justify">
			<strong>In the present context of Nepal, can the banking sector do anything from India or elsewhere? </strong><br />
			Banking is one of the oldest professions in this world. There is no reason why we cannot do what others can, in different parts of the world. The building of a strong balance sheet means having the right ratios in terms of capital, liquidity and tenure. The quality of a bank’s balance sheet is the heart of its stability and performance. If you look at the Indian as well as other South Asian countries’ banking system, they survived through the crisis because of good balance sheets. Perhaps, they had learnt their lesson from the 1997 Asian crisis when over leverage of the Asian banks had resulted in weak balance sheets. As I understand, all banks in Nepal are not as prudent in the balance sheet structure as they should be. The Nepali banks must have sound balance sheets in order to stay healthy. Good balance sheets lead to good credit evaluating norms which are based on the analysis of cash flows and balance sheets of customers. The banks looking at long term operations almost always follow this mandatory process.</div>
	</div>
	<div style="clear: both;">
		 </div>
</div>
<div style="width: 595px;">
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;">
		<div align="justify">
			<strong>Are there new trends being set worldwide in the banking sector? </strong><br />
			I’ll not exactly call it a new trend but rather a new stage, where the banking industry is in a post-crisis mode. However, we are not feeling the crisis here. The western crisis has affected banking both from the regulators’ and the bankers’ perspectives. Greater restrictions on liquidity as well as on compliance and prudential norms by the regulators have come to the fore. Earlier, most regulators were happy with a broad principle based regulation but now they are keen on a rule-based regulation. They want to check everything because they have been criticised for the failure of the banking system. Hence, the regulators are far more careful now. One thing that has changed after the global crisis is that more banks are focusing on relationship banking now. The crisis has made everyone realise that it is not right to approach different banks for different purposes. It is better to procure as many services as possible with the same bank. The lack of relationship with a single back hit the people hard. In times of need, they were unable to get financing from the banks. There is definitely a change in the mindset of the clientele. The banking system is evolving and I think the crisis has accelerated it. On a positive note, the banks are becoming more stable with time.</div>
	</div>
	<div style="clear: both;">
		 </div>
</div>',
			'published' => true,
			'created' => '2010-12-24',
			'modified' => '2010-12-24',
			'keywords' => '',
			'description' => '"We have never announced that we would acquire any institutions in Nepal. People have approached us but we are not ready at this point of time. We are open to the idea but the political situation needs to stabilise first. Nobody will invest money in an unstable environment. and Russia."',
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	(int) 1 => array(
		'Article' => array(
			'id' => '98',
			'article_category_id' => '31',
			'title' => 'With Nepal, Our Brand Has Now Reached 14 Countries',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div style="width: 595px;">
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 100%;">
		<strong>Muhammet Coşkun</strong> is the International Marketing Manager of Suvari, one of the most celebrated men’s wear clothing ranges from Turkey, and spread over 13 countries in the world. He was recently in Kathmandu at the opening of the Suvari showroom. The exclusive showroom was opened in association with the local partner, Mediterian Link Holdings Pvt Ltd. It is an investment company established by seasoned entrepreneurs like Akhil Chapagain, Chairperson of Akhil Trading Concerns Pvt Ltd, Kush Kumar Joshi Chairperson of FNCCI, Shukuntalal Hirachan, Chairperson of United Builders and Engineers, among others. In an interview with Nubiz, Coşkun shares how Suvari can become the first choice of fashionconscious Nepali males. Excerpts:</div>
</div>
<p>
	 </p>
<div style="width: 595px;">
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 100%;">
		<strong>We don’t categorize countries into developed or developing ones while seeking to expand our network. We have already established ourselves in Europe and Russia. </strong></div>
</div>
<p>
	 </p>
<div style="width: 595px;">
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;">
		<div align="justify">
			<strong>Why do you think Nepal can be a good market for a branded wear like Suvari?</strong><br />
			I think Nepal is a good market for the suvari brand because we give the ready-made clothing to them. In Nepal, there is a trend to buy the fabric first and get it stitched from the tailor. This is sometime difficult because there might be some mistake in the measurement of the body and your whole expense goes in vain. I met one Nepali businessman today who said he bought a very expensive fabric to make a suit of his choice, but when the suit was ready it was a completely different one. He took the suit home but hasn’t worn it for a single day. With Suvari, there is no risk. We have suits available in a range of sizes. Both the fabric and tailoring are done in Turkey. The Nepali men can try the clothing and take home the exact fit.</div>
	</div>
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;">
		<div align="justify">
			<strong>How do you defi ne Suvari? What is the present status of this<br />
			brand in the market?</strong><br />
			Suvari is a famous men’s wear brand of Turkey. The brand was first established in 1997 as a shirt brand but as the product and brand name took height, its products range was expanded to suits, trousers, shirts, blazers and all dress accessories for men. Now we have 57 stores in Turkey. And we are always trying to expand our network by increasing the number of outlets. We are opening a new outlet every month. We have 35 stores in 13 countries outside Turkey. With Nepal, our brand has now reached 14 countries. We fully own some of our stores abroad, while for others we have local partners, for example, for our store in Katmandu, Nepal.<br />
			 </div>
	</div>
	<div style="clear: both;">
		 </div>
</div>
<div style="width: 595px;">
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;">
		<div align="justify">
			<strong>How do you choose a country to open an outlet for your products?</strong><br />
			First of all, we study the market potential for our products in any country. When we are assured that the country has a good market for our brand, we decide to invest in that country. Prior to our investment in Nepal, we carried out a similar market study. We don’t categorize countries into developed or developing ones while seeking to expand our network. We have already established ourselves in Europe and Russia. And at the same time, we are successful in the Middle East and South Africa.</div>
	</div>
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;">
		<div align="justify">
			<strong>Do you also have women’s or kids’ wear?</strong><br />
			We are only concentrating on men’s wear because we want to specialize in this segment. Women’s and kids’ wear are very different to that of men’s. If you observe the fashion world, there are very few brands in the world that are successful in each of these segments, for example, Zara. Usually, if you cannot specialize in your work, you cannot be successful. In men’s wear we are very successful. We are not interested in the women’s or kids’ wear.<br />
			<br />
			 </div>
	</div>
	<div style="clear: both;">
		 </div>
</div>
<p>
	 </p>
<div style="width: 595px;">
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;">
		<div align="justify">
			<strong>Talking about specialization, is your focus on the entire range of men’s wear or is it limited to some special category of clothing range?</strong><br />
			Our focus is on the classic men’s wear. We basically design clothes for businessmen and expatriates who want to wear formal dresses everyday. So we design suits for their trips, or formal meetings etc. But we intend to give them choices for their holidays. That’s why we have a range of casual wear as well. But we don’t have sportswear or other trends. Our main focus is classic wear like suits and some choices for casual wear.</div>
	</div>
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;">
		<div align="justify">
			<strong>What is the price range of Suvari?</strong><br />
			The price of suits ranges from Rs 13,500 to 25,000. Our shirts are all priced equally at Rs 2,000 each. But I would like to assure all Nepalis that they are getting the best clothing at this price. We do not compromise on quality. We design our clothing in accordance with the newest emerging trends. So they are not expensive for someone who understands fashion and wants to look good.<br />
			<br />
			<br />
			<br />
			 </div>
	</div>
	<div style="clear: both;">
		 </div>
</div>
<div style="width: 595px;">
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;">
		<div align="justify">
			<strong>But what about the middle-class man who, too, wants to look good? Do you have any scheme to incorporate them into your customer network?</strong><br />
			Our clothing is basically targeted at the businessmen or at those who can spend a good amount of money for themselves. But again we cannot neglect the middle-class people who constitute the majority of the population. We will come up with some schemes for the middle-class men as well.</div>
	</div>
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;">
		<div align="justify">
			<strong>What are your future plans with Nepal? Will you work with other local partners as well?</strong><br />
			I love this country very much. This is the second time I am visiting this country but it has made a huge impact on my heart. The Nepali people are very warm and honest. So I can identify myself as a Turkish with any Nepali over here. I think Nepal and Turkey can work together in many areas. This is just a beginning. From my side, I will always try to reduce the distance between Turkey and Nepal.</div>
	</div>
	<div style="clear: both;">
		 </div>
</div>
<div style="width: 595px;">
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;">
		<div align="justify">
			<strong>You have started with a showroom at the United World Trade Center (UWTC). Is there a plan for more showrooms?</strong><br />
			The showroom inside UWTC is our first showroom. But within six months we are planning to open another showroom inside the Kathmandu Valley. The location of the showroom is yet to be decided.<br />
			 </div>
	</div>
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;">
		<div align="justify">
			<strong>What’s your investment in the UWTC showroom?</strong><br />
			Here we are working with a local partner, Mediterian Link Holdings Ltd. So our investment was 60 thousand US dollars only. But we are planning to increase our investment and provide more choices to the Nepali people. For this we will first see how the business goes here. If everything goes fine, we will certainly increase our investment.</div>
	</div>
	<div style="clear: both;">
		 </div>
</div>
<div style="width: 595px;">
	<div style="clear: both;">
		 </div>
</div>',
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			'created' => '2010-12-24',
			'modified' => '2010-12-31',
			'keywords' => '',
			'description' => 'We don’t categorize countries into
developed or developing ones while
seeking to expand our network. We have
already established ourselves in Europe
and Russia.',
			'sortorder' => '47',
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		'Article' => array(
			'id' => '97',
			'article_category_id' => '34',
			'title' => 'Agro Refi Nery In Rupandehi',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div style="width: 595px;">
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;">
		<div align="justify">
			Himalayan Agro Business and Research Service Pvt Ltd has set up an industry in Rupandehi for processing agriculture products. The industry will begin the processing of tomatoes as well as ginger, garlic, buckwheat and other agro products within a few months. The industry will manufacture ketchup, puree and sauce from tomatoes, candy, powder, tonic and paste from ginger and paste from garlic and flour and noodles from buckwheat, according to Jagadish Chandra Gautam, chairman of the company.<br />
			The industry has a capacity of processing 10,000 MTs of agro products and herbs. </div>
	</div>
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;">
		<div align="justify">
			The industry was established a year ago and it started experimental processing of the herbs last year.According to Gautam, the industry was set up at a cost of Rs 10 million. The industry has also been manufacturing aromatic oils from lemongrass, menthol and chamomile. The industry aims to produce 100 MTs of tomato<br />
			The industry aims to produce 100 MTs of tomato products, 1000 MTs of ginger candy and 60 KGs of aromatic oils. The products of the industry will be sold in Kathmandu, Pokhara, Narayangadh, Butwal, Biratnagar and other cities. There are also possibilities of export to India.</div>
	</div>
	<div style="clear: both;">
		 </div>
</div>',
			'published' => true,
			'created' => '2010-12-23',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Himalayan Agro Business and Research Service Pvt Ltd has set up an industry in Rupandehi for processing agriculture products.',
			'sortorder' => '46',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
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	(int) 3 => array(
		'Article' => array(
			'id' => '96',
			'article_category_id' => '34',
			'title' => 'Conference On South Asian Trade',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div style="width: 595px;">
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;">
		<div align="justify">
			The one day conference of the South Asian young entrepreneurs was held on November 12. On the event, chairman of FNCCI, Kush Kumar Joshi said that regional trade development is required for the economic development in South-Asia. He expressed dissatisfaction at the fact that the intra-regional trade of SAARC countries increased 2 per cent only in past 3 decades. He added, “The entrepreneurs of SAARC regions are more capable than those of the other regions but they are not able to work professionally due to political instability”.</div>
	</div>
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;">
		<div align="justify">
			Bangladesh participated in the conference jointly organised by SAARC Chamber of Commerce and Industry, Nepal Chamber of Commerce and Nepal Young Entrepreneurs’ Forum. It was supported by Friedrich Naumann Stiftung of Germany. The conference was also attended by Pradeep Kumar Shrestha, Vice President of SAARC CCI; Iqbal Tabish, General Secretary of SAARC CCI; and Sharukh Mallik, President of SAARC Chamber of Commerce and Industry’s Young Entrepreneurs’ Forum (SYEF).<br />
			 </div>
	</div>
	<div style="clear: both;">
		 </div>
</div>',
			'published' => true,
			'created' => '2010-12-23',
			'modified' => '2010-12-31',
			'keywords' => '',
			'description' => 'The one day conference of the South Asian young entrepreneurs was held on November 12. On the event, chairman of FNCCI, Kush Kumar Joshi said that regional trade development is required for the economic development in South-Asia.',
			'sortorder' => '45',
			'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' => '95',
			'article_category_id' => '34',
			'title' => 'Hyundai Next Gen I10',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div style="width: 595px;">
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;">
		<div align="justify">
			Laxmi Inter-continental of Laxmi Group has been declared as the sole authorised dealer of Hyundai in Nepal. Intercontinental for the past two years has been providing the services such as sales, service and spare parts of Hyundai.<br />
			On the occasion, the company introduced ‘Next Gen i10’ car under sportage series in the market. Hyundai Next Gen i10 comes with two models- 1.1 iRDE2 and 1.2 Kappa2 VTVT. With a more efficient engine, the new 1.1 iRDE2 Next Gen i10 has ARAI certified mileage of 19.81 km per litre of petrol while the 1.2 Kappa2 VTVT possess of a mileage of 20.36 km per litre making i10 the most fuel efficient petrol car.</div>
	</div>
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;">
		<div align="justify">
			The car brings the highly innovative features like gear shift indicator display (M/T only), digital fuel indicator, steering mounted audio, Bluetooth controls with multiple power outlets, dual air bag, reverse parking sensor, foldable key, height adjustable driver seat, deluxe floor console with power outlet, keyless entry with burglar alarm and engine immobilizer. Vastly improved and stylish Next Gen i10 is available in 8 different colours that include crystal white, silk silver, ice silver, chimpanzee gold, electric red, carbon grey and thunder black. The car is also featured with electric sunroof. It has 155 ml ground clearance and a 2380 mm wheel base.</div>
	</div>
	<div style="clear: both;">
		 </div>
</div>',
			'published' => true,
			'created' => '2010-12-23',
			'modified' => '2010-12-31',
			'keywords' => '',
			'description' => 'Laxmi Inter-continental of Laxmi Group has been declared as the sole authorised dealer of Hyundai in Nepal. Intercontinental for the past two years has been providing the services such as sales, service and spare parts of Hyundai.',
			'sortorder' => '44',
			'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' => '94',
			'article_category_id' => '34',
			'title' => 'Slate Industry Worth Rs 11.5 Million',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div style="width: 595px;">
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;">
		<div align="justify">
			The Far Western Slate Industry is going to be established in Beladevi of Kailali district with a capital of Rs 11.5 million. Jeetendra Karki, Director of the industry said that the industry will produce 300 to 350 tons of slate powder daily. Karki also said that the industry will come into operation within the next five months. “The legal process has already completed,” he added. “The production will start from Chaitra (March-April)”.<br />
			All the raw materials required for the production will</div>
	</div>
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;">
		<div align="justify">
			be collected from the far western districts like Baitadi, Darchula, Bajhang and Achham, said Karki. “We have completed all processes including the field study to bring the raw materials. We also have started the feasibility study in other districts.” The construction of the industry started some two years ago. The industry is supposed to employ more than 200 labours once it becomes operational. The slate powder of Nepal is considered to be of high quality.</div>
	</div>
	<div style="clear: both;">
		 </div>
</div>',
			'published' => true,
			'created' => '2010-12-23',
			'modified' => '2010-12-31',
			'keywords' => '',
			'description' => 'The Far Western Slate Industry is going to be established in Beladevi of Kailali district with a capital of Rs 11.5 million.',
			'sortorder' => '43',
			'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' => '93',
			'article_category_id' => '34',
			'title' => 'Commercial Bank Profit Swells Up',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div style="width: 595px;">
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 45%; float: left;">
		<div align="justify">
			Profit of the commercial banks has increased in the first quarter of the current fiscal year 2010/11 compared to the same period last year. Unaudited financial reports of 23 banks show that they together made a net profit of Rs 3.08 billion in the first quarter of the running fiscal year. Among the banks that have published their quarterly reports, Rastriya Banijya Bank secures the top position by making a net profit of Rs 343.5 million. It is 7.66 per cent more compared to the corresponding period of the last fiscal year (2009/10). The bank’s expenditure for the staffers was reduced and extraordinary income increased this year to increase the profit. On the list of profit makers, Nepal Investment Bank Ltd grabs the second position with a profit of Rs 335.8 million. It is approximately 15 per cent more compared to the same period the previous year.<br />
			Nabil, Agriculture Development and Standard Chartered banks followed the Investment Bank in the list, respectively. In terms of percentage increase in profit, DCBL, NMB, KIST, Sunrise and Global lead the group. The banks that witnessed huge decline in profit in comparison to the corresponding period last year are Lumbini (66.48 %), NCC (43.49%) and NB (32.52%). Standard Chartered Bank also saw 4.74 per cent decline in profit this quarter. Non-operating expenses of Lumbini bank reached Rs 173.7 million in this quarter that was nil in the corresponding period of the previous fiscal year.&nbsp; It was the main reason for Lumbini’s decline in profit. The non-operating expenses and forex exchange loss are the reasons for the decrease in NCC bank’s profits.</div>
	</div>
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 50%; float: right;">
		<div>
			<div align="center">
				<strong>Profi t of the commercial banks in the fi rst quarter of the fi scal year 2010/11</strong> <br />
				<span style="font-size: 11px; float: right;">Rs in million</span><br />
				<img alt="" height="290" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/table.jpg" style="margin: 0px; padding: 0pt;" width="296" /></div>
			<div>
				<br />
				Source: financial results published by respective banks Rs in million</div>
		</div>
	</div>
	<div style="clear: both;">
		 </div>
</div>',
			'published' => true,
			'created' => '2010-12-23',
			'modified' => '2010-12-23',
			'keywords' => '',
			'description' => 'Profit of the commercial banks has increased in the first quarter of the current fiscal year 2010/11 compared to the same period last year.',
			'sortorder' => '42',
			'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' => '92',
			'article_category_id' => '34',
			'title' => 'Arihant Installs Environment- Friendly Machine',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div style="width: 595px;">
	<div style="width: 48%; float: left;">
		<div align="justify" style="border: 1px solid rgb(204, 204, 204); padding: 5px;">
			Arihant Multifibers Ltd, the largest jute factory of Nepal, has installed environment-friendly technology in its plant located at Sonapur of Sunsari. The factory has replaced old drying machine with environment-friendly machine for sack production. The new technology is not only environment-friendly but also cost-effective. The company invested Rs 25 million to make its machine smoke-free, according to Govinda Bajagain, administrative head of the factory. The factory converted 250 looms into smoke-free machines by using local resources.</div>
	</div>
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;">
		<div align="justify">
			“New technology takes fewer amounts of fuel, water, electricity and human effort,” said Bajagain, “we don’t need to hear complaints from the local residents as well.” The smoke and ashes from the drying machine used to pollute the environment of the vicinity, said the factory administration. Local residents had protested against the factory compelling it to search an alternative to the old drying machine.<br />
			<br />
			<br />
			 </div>
	</div>
	<div style="clear: both;">
		 </div>
</div>',
			'published' => true,
			'created' => '2010-12-23',
			'modified' => '2010-12-31',
			'keywords' => '',
			'description' => 'Arihant Multifibers Ltd, the largest jute factory of Nepal, has installed environment-friendly technology in its plant located at Sonapur of Sunsari.',
			'sortorder' => '41',
			'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' => '91',
			'article_category_id' => '34',
			'title' => 'Ncell’s 3G Scales Mt Everest',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div style="width: 595px;">
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;">
		<div align="justify">
			Ncell, a subsidiary of Swedish phone giant TeliaSonera, has set up a high-speed third-generation (3G) phone base station at Mount Everest region. The installation could enable people living in the Khumbu Valley and tens of thousands of trekkers and climbers to surf the internet and make a video call from an altitude of 5,200 meters.<br />
			"Today we made the world's highest video call from Mt Everest base camp successfully,” said Ncell Nepal Chief Pasi Koistinen in a press-meet. Now it is possible to browse the web, e-mail and make a call in a pocket-friendly way.</div>
	</div>
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;">
		<div align="justify">
			“This achievement is as mighty as the altitude as 3G high speed internet will bring faster, more affordable telecommunication services to the people living in the Khumbu Valley, trekkers and climbers alike,” said Lars Nyberg, President and CEO of TeliaSonera. The new facility from Ncell is seen very optimistically for its possible good impact on the upcoming Nepal Tourism Year 2011. TeliaSonera also unveiled plans for future investments in Nepal. According to Nyberg, TeliaSonera is planning to spend over US $ 100 million and cover 90 per cent of the population with affordable telecom service.</div>
	</div>
	<div style="clear: both;">
		 </div>
</div>',
			'published' => true,
			'created' => '2010-12-23',
			'modified' => '2010-12-31',
			'keywords' => '',
			'description' => 'Ncell, a subsidiary of Swedish phone giant TeliaSonera, has set up a high-speed third-generation (3G) phone base station at Mount Everest region.',
			'sortorder' => '40',
			'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' => '90',
			'article_category_id' => '34',
			'title' => 'Japan Agriculture Ready To Take Nepali Workers',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div style="width: 595px;">
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;">
		<div align="justify">
			Japan Agriculture Exchange Council has agreed to take Nepalis to Japan as trainee workers. The Council will receive labourers from the manpower companies associated with Japan International Training Co-operation Organization (JITCO).<br />
			Japan is seeking Nepali manpower in the field of agriculture, fish farming, pig farming and many more, said Son Suzuki, the chairman of the council. “We are visiting various places to study the feasibilities,” said Suzuki.</div>
	</div>
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;">
		<div align="justify">
			They are conducting research tour in Nepal Agriculture Research Council (NARC), Rampur Agriculture Campus and other districts.<br />
			The council has been taking workers from countries like Malaysia, Thailand and Philippines so far. However possibility of Nepali workers becomes high after the completion of the tour, said Suzuki. The council is supposed to submit the report to the Ministry of Agriculture in Japan by mid November.</div>
	</div>
	<div style="clear: both;">
		 </div>
</div>',
			'published' => true,
			'created' => '2010-12-23',
			'modified' => '2010-12-31',
			'keywords' => '',
			'description' => 'Japan Agriculture Exchange Council has agreed to take Nepalis to Japan as trainee workers. The Council will receive labourers from the manpower companies associated with Japan International Training Co-operation Organization (JITCO).',
			'sortorder' => '39',
			'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' => '89',
			'article_category_id' => '34',
			'title' => 'Shalimar Aims To Triple Its Production',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div style="width: 595px;">
	<div style="width: 49%; float: left;">
		<div align="justify">
			Nepal Shalimar P a i n t s has tripled its production by establishing new plant in Parwanipur of Parsa. The new u n i t w i t h t h e capacity of 13,000 metric ton is set up with an investment of Rs 150 million.<br />
			According to Madhav Gautam, Marketing General Manager of Shalimar, 75 per cent of the construction is complete. “We will start manufacturing by coming January,” said Gautam. The company has been producing 3,000 metric ton paints from the factory in Pipara of Birgunj.</div>
	</div>
	<div style="width: 49%; float: right;">
		<div align="justify">
			“The concept of new plant came with our ambition to manufacture paints over a billion amount,” shared Gautam. At present, the annual market of Nepali paints is considered to be Rs 3.5 billion. According to Gautam, Shalimar covers 13 per cent of the market share. Different entrepreneurs assume business of Nepali paints to increase by 25 per cent on the annual basis.</div>
	</div>
	<div style="clear: both;">
		 </div>
</div>',
			'published' => true,
			'created' => '2010-12-23',
			'modified' => '2010-12-23',
			'keywords' => '',
			'description' => 'Nepal Shalimar P a i n t s has tripled its production by establishing new plant in Parwanipur of Parsa. The new u n i t w i t h t h e capacity of 13,000 metric ton is set up with an investment of Rs 150 million.',
			'sortorder' => '38',
			'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' => '88',
			'article_category_id' => '34',
			'title' => 'Handicraft Lab On Cards',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div style="width: 595px;">
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;">
		<div align="justify">
			The Federation of Handicraft Association of Nepal (FHAN) is establishing a handicraft lab to test the quality of Nepali handicrafts. Pressure to establish a lab come from major importing countries that started questioning the use of hazardous elements like cadmium in the handicrafts.<br />
			FHAN has estimated the cost of the laboratory to be Rs 12 million, out of which the Federation will invest 51 per cent and the rest will be covered by the government . The lab will be located in the premises of Trade and Export Promotion&nbsp; Centre</div>
	</div>
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;">
		<div align="justify">
			(TEPC) in Lalitpur.<br />
			“Had the government passed the budget, construction part of the laboratory would have started earlier,” said Rishi Raj Subedi, undersecretary of FHAN. According to Bikash Ratna Dhakwa, the chairman of the federation, FHAN is lobbying for the land to construct the lab. A three-member taskforce is formed for this purpose which comprises of member from the federation, department of customs and an expert.<br />
			 </div>
	</div>
	<div style="clear: both;">
		 </div>
</div>',
			'published' => true,
			'created' => '2010-12-23',
			'modified' => '2010-12-31',
			'keywords' => '',
			'description' => 'The Federation of Handicraft Association of Nepal (FHAN) is establishing a handicraft lab to test the quality of Nepali handicrafts.',
			'sortorder' => '37',
			'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' => '87',
			'article_category_id' => '34',
			'title' => 'Cleaning Solution From Giri Group',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div style="width: 595px;">
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;">
		<div style="text-align: justify;">
			Giri Group has come up with a laundry solution for the busy people of the Valley. The group will establish a huge laundry at Tilganga, the heart of Kathmandu, with an investment of Rs 200 million. “It will be the first modern laundry of Nepal with the capacity to wash 15 thousand pairs of clothes daily,” says Kishan Giri, Managing Director of the company.<br />
			The laundry will also introduce membership card for the households. “As per the need of the household, we can wash clothes twice a week,” says he.</div>
	</div>
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right; text-align: justify;">
		On the basis of the quantity of clothes, the company will charge Rs 1,000 to 1,500 per month. The customers of the laundry will also enjoy the facility of home delivery, Giri says.<br />
		The company will establish laundry collection centre at the major locations of the Valley like New Baneswor, Battisputali, Koteswor and Tinkune, etc. “The laundry is committed to return the clothes within a single day,” Giri shared. According to him, the laundry may hardly take two hours to wash, dry and iron the clothes.<br />
		 </div>
	<div style="clear: both; text-align: justify;">
		 </div>
</div>',
			'published' => true,
			'created' => '2010-12-23',
			'modified' => '2010-12-31',
			'keywords' => '',
			'description' => 'Giri Group has come up with a laundry solution for the busy people of the Valley. The group will establish a huge laundry at Tilganga, the heart of Kathmandu, with an investment of Rs 200 million.',
			'sortorder' => '36',
			'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' => '86',
			'article_category_id' => '34',
			'title' => 'Trikon-Starcom Joint Venture',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div style="width: 595px;">
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;">
		<div style="text-align: justify;">
			Trikon Advertising Service, one of the top advertising agencies of Nepal operating for nearly 25 years, has joined hands with internationally renowned media communications agency Starcom Worldwide which is based in Chicago. “After this agreement, Trikon will be performing internationally and will lead Nepali media to the highest level”, said Rajendra Aryal, the managing director of Trikon. Trikon will provide media planning and buying services in Nepal which will meet the high standards of quality and service acceptable to Starcom.</div>
	</div>
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right; text-align: justify;">
		Trikon Advertising Service, is already an official media agency of the BIG Cinemas, India’s largest cinema chain with 440 screens spread across India, USA, Malaysia, Europe and Nepal. <br />
		It will now operate its advertising business with a new logo. Starcom is a full-service global media division of Starcom Mediavest Group (SMG) with world-renowned expertise in communications, strategy, media buying and consumer research—leveraged on behalf of some world’s smartest marketers.<br />
		 </div>
	<div style="clear: both; text-align: justify;">
		 </div>
</div>',
			'published' => true,
			'created' => '2010-12-23',
			'modified' => '2010-12-31',
			'keywords' => '',
			'description' => '',
			'sortorder' => '35',
			'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' => '85',
			'article_category_id' => '34',
			'title' => 'MaHa Duo Brand Ambassador Of NLIC',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div style="width: 595px;">
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;">
		<div style="text-align: justify;">
			NLIC has signed up the famous artist duo of Madan Krishna Shrestha and Hari Bansa Acharya as the company’s brand ambassador for a period of two years. The company’s professional slogan is: ‘It’s good to have a life insurance, it’s better to get it from NLIC.<br />
			The company has been providing its insurance</div>
	</div>
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right; text-align: justify;">
		services through different insurance schemes.The company expects that the duo will help in informing the public about the benefits of having an insurance policy. The d u o w i l l appear in the TV ads of the company that will be aired soon. Along with this, the pair will also be featured in ads in the print media.</div>
	<div style="clear: both; text-align: justify;">
		 </div>
</div>',
			'published' => true,
			'created' => '2010-12-23',
			'modified' => '2010-12-31',
			'keywords' => '',
			'description' => 'NLIC has signed up the famous artist duo of Madan Krishna Shrestha and Hari Bansa Acharya as the company’s brand ambassador for a period of two years.',
			'sortorder' => '34',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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			'id' => '99',
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			'title' => ''Banks Are Becoming More Stable With Time'',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div style="width: 595px;">
	<div justify="" style="width: 595px;">
		<div>
			<div align="center" style="border: 1px solid rgb(204, 204, 204); padding: 5px;">
				<strong>"We have never announced that we would acquire any institutions in Nepal. People have approached us but we are not ready at this point of time. We are open to the idea but the political situation needs to stabilise first. Nobody will invest money in an unstable environment. and Russia.</strong>"</div>
			<br />
			<div align="center" style="border: 1px solid rgb(204, 204, 204); padding: 5px;">
				<strong>The global crisis has made everyone realise that it is not right to approach different banks for different purposes. It is better to procure as many services as possible with the same bank. The lack of relationship with a single back hit the people hard. In times of need, they were unable to get financing from the banks. There is definitely a change in the mindset of the clientele."</strong></div>
			<br />
			<div align="justify" style="border: 1px solid rgb(204, 204, 204); padding: 5px;">
				<strong>Neeraj Swaroop</strong> is the Regional Chief Executive of Standard Chartered Bank, India and South Asia. Swaroop was recently in Kathmandu to attend the annual general meeting (AGM) of Standard Chartered Bank Nepal Limited (SCBNL). In an interview with Nubiz, he shared his views on Nepal’s banking industry, SCBNL’s consistent performance and what banks are doing globally to remain stable in the post-crisis mode. Excerpts:</div>
		</div>
	</div>
</div>
<p>
	 </p>
<div style="width: 595px;">
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;">
		<div align="justify">
			<strong>How was the performance of Standard Chartered Bank Nepal Limited (SCBNL) in the last fi scal year? </strong><br />
			We have performed well for many years in a row. Our objective is not only to grow and register profit consistently but also to build a business which delivers the goods overall. We have seen through the crisis where many banks have not performed well. For banks, it is very easy to slip and make losses because they take undue risks. So our philosophy is to be prudent, take measured risks and show steady growth. What would you give the credit for your success over the years? We have continued to expand our products and services. This is receiving a huge patronage from the customers. The matter of pride and which is of great importance is a strong governance structure which is working very well. We are a compliant Bank. We have already been conferred the Banker of the Year 2009 Award. That was particularly pleasing for us. We also have been consistent with the quality of our portfolio for both the businesses i.e. Wholesale Banking and Consumer Banking. .</div>
	</div>
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;">
		<div align="justify">
			<strong>What explains the stagnation in the bank’s deposit collection and reduction in the earning per share during the last fi scal year compared to the year before? </strong><br />
			If we keep giving bonus every year, the Earning per Share (EPS) will go down. The right comparison is to adjust the bonus share and then look at the EPS because we have not raised additional capital. If you add the bonus shares, you will see that we have steadily increased EPS every year. As far as the growth in deposits and the loans are concerned, you can refer to our balance sheet. It has grown modestly because we are careful about expanding credit in an uncertain environment.In fact, our deposits have grown and so have the loans. It is a steady growth.<br />
			<br />
			<br />
			<br />
			<br />
			<br />
			<br />
			 </div>
	</div>
	<div style="clear: both;">
		 </div>
</div>
<div style="width: 595px;">
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;">
		<div align="justify">
			<strong>What plans does the SCBNL board have for the shareholders in the upcoming AGM?</strong><br />
			We have proposed for the AGM to approve a bonus issue of 15 per cent per 100 shares and a cash dividend of 55 per cent. I am confident that this will enthuse our shareholders a great deal.<br />
			<br />
			<br />
			 </div>
	</div>
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;">
		<div align="justify">
			<strong>Standard Chartered has indicated the willingness to acquire some BFIs in Nepal. What has been the progress so far? </strong><br />
			We have never announced that we would acquire any institutions in Nepal. People have approached us but we are not ready at this point of time. We are open to the idea but the political situation needs to stabilise first. Nobody will invest money in an unstable environment.</div>
	</div>
	<div style="clear: both;">
		 </div>
</div>
<div style="width: 595px;">
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;">
		<div align="justify">
			<strong>NRB seems determined to put a cap on the salary and benefi ts enjoyed by the CEOs of the banks. Will it have any effect on your bank’s operation in particular and the banking sector in general? </strong><br />
			We expect that the Central Bank will be practical about this matter but we will wait to see what they come up with. Unfortunately, only a handful of CEOs are being investigated. I have already discussed this matter with the authorities. I think they should not have any serious objection to individuals getting a certain pay. They are basically looking at some degree of equitability. As long as this reflects the size of the business and is not incentives only, it should not be a matter to worry about. The incentive system is not only about making short term profits.</div>
	</div>
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;">
		<div align="justify">
			<strong>What would you give the credit for your success over the years?</strong><br />
			We have continued to expand our products and services. This is receiving a huge patronage from the customers. The matter of pride and which is of great importance is a strong governance structure which is working very well. We are a compliant Bank. We have already been conferred the Banker of the Year 2009 Award. That was particularly pleasing for us. We also have been consistent with the quality of our portfolio for both the businesses i.e. Wholesale Banking and Consumer Banking.<br />
			<br />
			<br />
			<br />
			 </div>
	</div>
	<div style="clear: both;">
		 </div>
</div>
<div style="width: 595px;">
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;">
		<div align="justify">
			<strong>How is Standard Chartered viewing the proposed South Asian Regional Bank?</strong><br />
			I am not aware of any development to this end. It may have been proposed to promote trade or the import-export scenario. I cannot imagine a bank as such unless it is set up for a specific purpose like trade promotion, facilitating trade among the South-Asian countries etc. There has been however, some talk about financing trade. The FNCCI, too, has mentioned about having a trade corridor in a meeting.</div>
	</div>
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;">
		<div align="justify">
			<strong>In Nepal the concept of branchless banks has not gained momentum, unlike in India. How do you view this? </strong><br />
			We have definitely thought about such a possibility but it is still debatable. I really cannot commit anything at this point of time. We also look at the developments in other sectors, for example telecommunications. We would like to be doubly sure before we take the plunge into this endeavour.<br />
			<br />
			 </div>
	</div>
	<div style="clear: both;">
		 </div>
</div>
<div style="width: 595px;">
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;">
		<div align="justify">
			<strong>What is your overall assessment of Nepal’s banking industry? Also, is SCBNL planning to introduce any new product?</strong><br />
			At the industry level, our view is that there is tremendous prospect for growth in the long run. It has all the right ingredients for good growth. Banking Institutions always ride on the back of the economy because of the process of intermediaries. This sector is doing well not just in Nepal but in the most parts of South Asia. We are quite optimistic about the future. For us, this is a very good quality operation. We are proud that we enjoy a high reputation with our clientele. We are respected by a large section of the industry. The bank’s share prices reflect the confidence and appreciation by our shareholders and we are happy on this account. We are also proud of the quality of our governance as well as the service that we provide. We believe in long term business. Each year, we invest in increasing the number of ATMs, adding branches, inducting more staff, adding RMs and introducing new products. Once we see the economy picking up on the back of political stability, we’ll invest even more.</div>
	</div>
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;">
		<div align="justify">
			<strong>In the present context of Nepal, can the banking sector do anything from India or elsewhere? </strong><br />
			Banking is one of the oldest professions in this world. There is no reason why we cannot do what others can, in different parts of the world. The building of a strong balance sheet means having the right ratios in terms of capital, liquidity and tenure. The quality of a bank’s balance sheet is the heart of its stability and performance. If you look at the Indian as well as other South Asian countries’ banking system, they survived through the crisis because of good balance sheets. Perhaps, they had learnt their lesson from the 1997 Asian crisis when over leverage of the Asian banks had resulted in weak balance sheets. As I understand, all banks in Nepal are not as prudent in the balance sheet structure as they should be. The Nepali banks must have sound balance sheets in order to stay healthy. Good balance sheets lead to good credit evaluating norms which are based on the analysis of cash flows and balance sheets of customers. The banks looking at long term operations almost always follow this mandatory process.</div>
	</div>
	<div style="clear: both;">
		 </div>
</div>
<div style="width: 595px;">
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;">
		<div align="justify">
			<strong>Are there new trends being set worldwide in the banking sector? </strong><br />
			I’ll not exactly call it a new trend but rather a new stage, where the banking industry is in a post-crisis mode. However, we are not feeling the crisis here. The western crisis has affected banking both from the regulators’ and the bankers’ perspectives. Greater restrictions on liquidity as well as on compliance and prudential norms by the regulators have come to the fore. Earlier, most regulators were happy with a broad principle based regulation but now they are keen on a rule-based regulation. They want to check everything because they have been criticised for the failure of the banking system. Hence, the regulators are far more careful now. One thing that has changed after the global crisis is that more banks are focusing on relationship banking now. The crisis has made everyone realise that it is not right to approach different banks for different purposes. It is better to procure as many services as possible with the same bank. The lack of relationship with a single back hit the people hard. In times of need, they were unable to get financing from the banks. There is definitely a change in the mindset of the clientele. The banking system is evolving and I think the crisis has accelerated it. On a positive note, the banks are becoming more stable with time.</div>
	</div>
	<div style="clear: both;">
		 </div>
</div>',
			'published' => true,
			'created' => '2010-12-24',
			'modified' => '2010-12-24',
			'keywords' => '',
			'description' => '"We have never announced that we would acquire any institutions in Nepal. People have approached us but we are not ready at this point of time. We are open to the idea but the political situation needs to stabilise first. Nobody will invest money in an unstable environment. and Russia."',
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		'Article' => array(
			'id' => '98',
			'article_category_id' => '31',
			'title' => 'With Nepal, Our Brand Has Now Reached 14 Countries',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div style="width: 595px;">
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 100%;">
		<strong>Muhammet Coşkun</strong> is the International Marketing Manager of Suvari, one of the most celebrated men’s wear clothing ranges from Turkey, and spread over 13 countries in the world. He was recently in Kathmandu at the opening of the Suvari showroom. The exclusive showroom was opened in association with the local partner, Mediterian Link Holdings Pvt Ltd. It is an investment company established by seasoned entrepreneurs like Akhil Chapagain, Chairperson of Akhil Trading Concerns Pvt Ltd, Kush Kumar Joshi Chairperson of FNCCI, Shukuntalal Hirachan, Chairperson of United Builders and Engineers, among others. In an interview with Nubiz, Coşkun shares how Suvari can become the first choice of fashionconscious Nepali males. Excerpts:</div>
</div>
<p>
	 </p>
<div style="width: 595px;">
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 100%;">
		<strong>We don’t categorize countries into developed or developing ones while seeking to expand our network. We have already established ourselves in Europe and Russia. </strong></div>
</div>
<p>
	 </p>
<div style="width: 595px;">
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;">
		<div align="justify">
			<strong>Why do you think Nepal can be a good market for a branded wear like Suvari?</strong><br />
			I think Nepal is a good market for the suvari brand because we give the ready-made clothing to them. In Nepal, there is a trend to buy the fabric first and get it stitched from the tailor. This is sometime difficult because there might be some mistake in the measurement of the body and your whole expense goes in vain. I met one Nepali businessman today who said he bought a very expensive fabric to make a suit of his choice, but when the suit was ready it was a completely different one. He took the suit home but hasn’t worn it for a single day. With Suvari, there is no risk. We have suits available in a range of sizes. Both the fabric and tailoring are done in Turkey. The Nepali men can try the clothing and take home the exact fit.</div>
	</div>
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;">
		<div align="justify">
			<strong>How do you defi ne Suvari? What is the present status of this<br />
			brand in the market?</strong><br />
			Suvari is a famous men’s wear brand of Turkey. The brand was first established in 1997 as a shirt brand but as the product and brand name took height, its products range was expanded to suits, trousers, shirts, blazers and all dress accessories for men. Now we have 57 stores in Turkey. And we are always trying to expand our network by increasing the number of outlets. We are opening a new outlet every month. We have 35 stores in 13 countries outside Turkey. With Nepal, our brand has now reached 14 countries. We fully own some of our stores abroad, while for others we have local partners, for example, for our store in Katmandu, Nepal.<br />
			 </div>
	</div>
	<div style="clear: both;">
		 </div>
</div>
<div style="width: 595px;">
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;">
		<div align="justify">
			<strong>How do you choose a country to open an outlet for your products?</strong><br />
			First of all, we study the market potential for our products in any country. When we are assured that the country has a good market for our brand, we decide to invest in that country. Prior to our investment in Nepal, we carried out a similar market study. We don’t categorize countries into developed or developing ones while seeking to expand our network. We have already established ourselves in Europe and Russia. And at the same time, we are successful in the Middle East and South Africa.</div>
	</div>
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;">
		<div align="justify">
			<strong>Do you also have women’s or kids’ wear?</strong><br />
			We are only concentrating on men’s wear because we want to specialize in this segment. Women’s and kids’ wear are very different to that of men’s. If you observe the fashion world, there are very few brands in the world that are successful in each of these segments, for example, Zara. Usually, if you cannot specialize in your work, you cannot be successful. In men’s wear we are very successful. We are not interested in the women’s or kids’ wear.<br />
			<br />
			 </div>
	</div>
	<div style="clear: both;">
		 </div>
</div>
<p>
	 </p>
<div style="width: 595px;">
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;">
		<div align="justify">
			<strong>Talking about specialization, is your focus on the entire range of men’s wear or is it limited to some special category of clothing range?</strong><br />
			Our focus is on the classic men’s wear. We basically design clothes for businessmen and expatriates who want to wear formal dresses everyday. So we design suits for their trips, or formal meetings etc. But we intend to give them choices for their holidays. That’s why we have a range of casual wear as well. But we don’t have sportswear or other trends. Our main focus is classic wear like suits and some choices for casual wear.</div>
	</div>
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;">
		<div align="justify">
			<strong>What is the price range of Suvari?</strong><br />
			The price of suits ranges from Rs 13,500 to 25,000. Our shirts are all priced equally at Rs 2,000 each. But I would like to assure all Nepalis that they are getting the best clothing at this price. We do not compromise on quality. We design our clothing in accordance with the newest emerging trends. So they are not expensive for someone who understands fashion and wants to look good.<br />
			<br />
			<br />
			<br />
			 </div>
	</div>
	<div style="clear: both;">
		 </div>
</div>
<div style="width: 595px;">
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;">
		<div align="justify">
			<strong>But what about the middle-class man who, too, wants to look good? Do you have any scheme to incorporate them into your customer network?</strong><br />
			Our clothing is basically targeted at the businessmen or at those who can spend a good amount of money for themselves. But again we cannot neglect the middle-class people who constitute the majority of the population. We will come up with some schemes for the middle-class men as well.</div>
	</div>
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;">
		<div align="justify">
			<strong>What are your future plans with Nepal? Will you work with other local partners as well?</strong><br />
			I love this country very much. This is the second time I am visiting this country but it has made a huge impact on my heart. The Nepali people are very warm and honest. So I can identify myself as a Turkish with any Nepali over here. I think Nepal and Turkey can work together in many areas. This is just a beginning. From my side, I will always try to reduce the distance between Turkey and Nepal.</div>
	</div>
	<div style="clear: both;">
		 </div>
</div>
<div style="width: 595px;">
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;">
		<div align="justify">
			<strong>You have started with a showroom at the United World Trade Center (UWTC). Is there a plan for more showrooms?</strong><br />
			The showroom inside UWTC is our first showroom. But within six months we are planning to open another showroom inside the Kathmandu Valley. The location of the showroom is yet to be decided.<br />
			 </div>
	</div>
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;">
		<div align="justify">
			<strong>What’s your investment in the UWTC showroom?</strong><br />
			Here we are working with a local partner, Mediterian Link Holdings Ltd. So our investment was 60 thousand US dollars only. But we are planning to increase our investment and provide more choices to the Nepali people. For this we will first see how the business goes here. If everything goes fine, we will certainly increase our investment.</div>
	</div>
	<div style="clear: both;">
		 </div>
</div>
<div style="width: 595px;">
	<div style="clear: both;">
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</div>',
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			'description' => 'We don’t categorize countries into
developed or developing ones while
seeking to expand our network. We have
already established ourselves in Europe
and Russia.',
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			'id' => '97',
			'article_category_id' => '34',
			'title' => 'Agro Refi Nery In Rupandehi',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div style="width: 595px;">
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;">
		<div align="justify">
			Himalayan Agro Business and Research Service Pvt Ltd has set up an industry in Rupandehi for processing agriculture products. The industry will begin the processing of tomatoes as well as ginger, garlic, buckwheat and other agro products within a few months. The industry will manufacture ketchup, puree and sauce from tomatoes, candy, powder, tonic and paste from ginger and paste from garlic and flour and noodles from buckwheat, according to Jagadish Chandra Gautam, chairman of the company.<br />
			The industry has a capacity of processing 10,000 MTs of agro products and herbs. </div>
	</div>
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;">
		<div align="justify">
			The industry was established a year ago and it started experimental processing of the herbs last year.According to Gautam, the industry was set up at a cost of Rs 10 million. The industry has also been manufacturing aromatic oils from lemongrass, menthol and chamomile. The industry aims to produce 100 MTs of tomato<br />
			The industry aims to produce 100 MTs of tomato products, 1000 MTs of ginger candy and 60 KGs of aromatic oils. The products of the industry will be sold in Kathmandu, Pokhara, Narayangadh, Butwal, Biratnagar and other cities. There are also possibilities of export to India.</div>
	</div>
	<div style="clear: both;">
		 </div>
</div>',
			'published' => true,
			'created' => '2010-12-23',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Himalayan Agro Business and Research Service Pvt Ltd has set up an industry in Rupandehi for processing agriculture products.',
			'sortorder' => '46',
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		'Article' => array(
			'id' => '96',
			'article_category_id' => '34',
			'title' => 'Conference On South Asian Trade',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div style="width: 595px;">
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;">
		<div align="justify">
			The one day conference of the South Asian young entrepreneurs was held on November 12. On the event, chairman of FNCCI, Kush Kumar Joshi said that regional trade development is required for the economic development in South-Asia. He expressed dissatisfaction at the fact that the intra-regional trade of SAARC countries increased 2 per cent only in past 3 decades. He added, “The entrepreneurs of SAARC regions are more capable than those of the other regions but they are not able to work professionally due to political instability”.</div>
	</div>
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;">
		<div align="justify">
			Bangladesh participated in the conference jointly organised by SAARC Chamber of Commerce and Industry, Nepal Chamber of Commerce and Nepal Young Entrepreneurs’ Forum. It was supported by Friedrich Naumann Stiftung of Germany. The conference was also attended by Pradeep Kumar Shrestha, Vice President of SAARC CCI; Iqbal Tabish, General Secretary of SAARC CCI; and Sharukh Mallik, President of SAARC Chamber of Commerce and Industry’s Young Entrepreneurs’ Forum (SYEF).<br />
			 </div>
	</div>
	<div style="clear: both;">
		 </div>
</div>',
			'published' => true,
			'created' => '2010-12-23',
			'modified' => '2010-12-31',
			'keywords' => '',
			'description' => 'The one day conference of the South Asian young entrepreneurs was held on November 12. On the event, chairman of FNCCI, Kush Kumar Joshi said that regional trade development is required for the economic development in South-Asia.',
			'sortorder' => '45',
			'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' => '95',
			'article_category_id' => '34',
			'title' => 'Hyundai Next Gen I10',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div style="width: 595px;">
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;">
		<div align="justify">
			Laxmi Inter-continental of Laxmi Group has been declared as the sole authorised dealer of Hyundai in Nepal. Intercontinental for the past two years has been providing the services such as sales, service and spare parts of Hyundai.<br />
			On the occasion, the company introduced ‘Next Gen i10’ car under sportage series in the market. Hyundai Next Gen i10 comes with two models- 1.1 iRDE2 and 1.2 Kappa2 VTVT. With a more efficient engine, the new 1.1 iRDE2 Next Gen i10 has ARAI certified mileage of 19.81 km per litre of petrol while the 1.2 Kappa2 VTVT possess of a mileage of 20.36 km per litre making i10 the most fuel efficient petrol car.</div>
	</div>
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;">
		<div align="justify">
			The car brings the highly innovative features like gear shift indicator display (M/T only), digital fuel indicator, steering mounted audio, Bluetooth controls with multiple power outlets, dual air bag, reverse parking sensor, foldable key, height adjustable driver seat, deluxe floor console with power outlet, keyless entry with burglar alarm and engine immobilizer. Vastly improved and stylish Next Gen i10 is available in 8 different colours that include crystal white, silk silver, ice silver, chimpanzee gold, electric red, carbon grey and thunder black. The car is also featured with electric sunroof. It has 155 ml ground clearance and a 2380 mm wheel base.</div>
	</div>
	<div style="clear: both;">
		 </div>
</div>',
			'published' => true,
			'created' => '2010-12-23',
			'modified' => '2010-12-31',
			'keywords' => '',
			'description' => 'Laxmi Inter-continental of Laxmi Group has been declared as the sole authorised dealer of Hyundai in Nepal. Intercontinental for the past two years has been providing the services such as sales, service and spare parts of Hyundai.',
			'sortorder' => '44',
			'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' => '94',
			'article_category_id' => '34',
			'title' => 'Slate Industry Worth Rs 11.5 Million',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div style="width: 595px;">
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;">
		<div align="justify">
			The Far Western Slate Industry is going to be established in Beladevi of Kailali district with a capital of Rs 11.5 million. Jeetendra Karki, Director of the industry said that the industry will produce 300 to 350 tons of slate powder daily. Karki also said that the industry will come into operation within the next five months. “The legal process has already completed,” he added. “The production will start from Chaitra (March-April)”.<br />
			All the raw materials required for the production will</div>
	</div>
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;">
		<div align="justify">
			be collected from the far western districts like Baitadi, Darchula, Bajhang and Achham, said Karki. “We have completed all processes including the field study to bring the raw materials. We also have started the feasibility study in other districts.” The construction of the industry started some two years ago. The industry is supposed to employ more than 200 labours once it becomes operational. The slate powder of Nepal is considered to be of high quality.</div>
	</div>
	<div style="clear: both;">
		 </div>
</div>',
			'published' => true,
			'created' => '2010-12-23',
			'modified' => '2010-12-31',
			'keywords' => '',
			'description' => 'The Far Western Slate Industry is going to be established in Beladevi of Kailali district with a capital of Rs 11.5 million.',
			'sortorder' => '43',
			'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' => '93',
			'article_category_id' => '34',
			'title' => 'Commercial Bank Profit Swells Up',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div style="width: 595px;">
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 45%; float: left;">
		<div align="justify">
			Profit of the commercial banks has increased in the first quarter of the current fiscal year 2010/11 compared to the same period last year. Unaudited financial reports of 23 banks show that they together made a net profit of Rs 3.08 billion in the first quarter of the running fiscal year. Among the banks that have published their quarterly reports, Rastriya Banijya Bank secures the top position by making a net profit of Rs 343.5 million. It is 7.66 per cent more compared to the corresponding period of the last fiscal year (2009/10). The bank’s expenditure for the staffers was reduced and extraordinary income increased this year to increase the profit. On the list of profit makers, Nepal Investment Bank Ltd grabs the second position with a profit of Rs 335.8 million. It is approximately 15 per cent more compared to the same period the previous year.<br />
			Nabil, Agriculture Development and Standard Chartered banks followed the Investment Bank in the list, respectively. In terms of percentage increase in profit, DCBL, NMB, KIST, Sunrise and Global lead the group. The banks that witnessed huge decline in profit in comparison to the corresponding period last year are Lumbini (66.48 %), NCC (43.49%) and NB (32.52%). Standard Chartered Bank also saw 4.74 per cent decline in profit this quarter. Non-operating expenses of Lumbini bank reached Rs 173.7 million in this quarter that was nil in the corresponding period of the previous fiscal year.&nbsp; It was the main reason for Lumbini’s decline in profit. The non-operating expenses and forex exchange loss are the reasons for the decrease in NCC bank’s profits.</div>
	</div>
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 50%; float: right;">
		<div>
			<div align="center">
				<strong>Profi t of the commercial banks in the fi rst quarter of the fi scal year 2010/11</strong> <br />
				<span style="font-size: 11px; float: right;">Rs in million</span><br />
				<img alt="" height="290" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/table.jpg" style="margin: 0px; padding: 0pt;" width="296" /></div>
			<div>
				<br />
				Source: financial results published by respective banks Rs in million</div>
		</div>
	</div>
	<div style="clear: both;">
		 </div>
</div>',
			'published' => true,
			'created' => '2010-12-23',
			'modified' => '2010-12-23',
			'keywords' => '',
			'description' => 'Profit of the commercial banks has increased in the first quarter of the current fiscal year 2010/11 compared to the same period last year.',
			'sortorder' => '42',
			'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' => '92',
			'article_category_id' => '34',
			'title' => 'Arihant Installs Environment- Friendly Machine',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div style="width: 595px;">
	<div style="width: 48%; float: left;">
		<div align="justify" style="border: 1px solid rgb(204, 204, 204); padding: 5px;">
			Arihant Multifibers Ltd, the largest jute factory of Nepal, has installed environment-friendly technology in its plant located at Sonapur of Sunsari. The factory has replaced old drying machine with environment-friendly machine for sack production. The new technology is not only environment-friendly but also cost-effective. The company invested Rs 25 million to make its machine smoke-free, according to Govinda Bajagain, administrative head of the factory. The factory converted 250 looms into smoke-free machines by using local resources.</div>
	</div>
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;">
		<div align="justify">
			“New technology takes fewer amounts of fuel, water, electricity and human effort,” said Bajagain, “we don’t need to hear complaints from the local residents as well.” The smoke and ashes from the drying machine used to pollute the environment of the vicinity, said the factory administration. Local residents had protested against the factory compelling it to search an alternative to the old drying machine.<br />
			<br />
			<br />
			 </div>
	</div>
	<div style="clear: both;">
		 </div>
</div>',
			'published' => true,
			'created' => '2010-12-23',
			'modified' => '2010-12-31',
			'keywords' => '',
			'description' => 'Arihant Multifibers Ltd, the largest jute factory of Nepal, has installed environment-friendly technology in its plant located at Sonapur of Sunsari.',
			'sortorder' => '41',
			'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' => '91',
			'article_category_id' => '34',
			'title' => 'Ncell’s 3G Scales Mt Everest',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div style="width: 595px;">
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;">
		<div align="justify">
			Ncell, a subsidiary of Swedish phone giant TeliaSonera, has set up a high-speed third-generation (3G) phone base station at Mount Everest region. The installation could enable people living in the Khumbu Valley and tens of thousands of trekkers and climbers to surf the internet and make a video call from an altitude of 5,200 meters.<br />
			"Today we made the world's highest video call from Mt Everest base camp successfully,” said Ncell Nepal Chief Pasi Koistinen in a press-meet. Now it is possible to browse the web, e-mail and make a call in a pocket-friendly way.</div>
	</div>
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;">
		<div align="justify">
			“This achievement is as mighty as the altitude as 3G high speed internet will bring faster, more affordable telecommunication services to the people living in the Khumbu Valley, trekkers and climbers alike,” said Lars Nyberg, President and CEO of TeliaSonera. The new facility from Ncell is seen very optimistically for its possible good impact on the upcoming Nepal Tourism Year 2011. TeliaSonera also unveiled plans for future investments in Nepal. According to Nyberg, TeliaSonera is planning to spend over US $ 100 million and cover 90 per cent of the population with affordable telecom service.</div>
	</div>
	<div style="clear: both;">
		 </div>
</div>',
			'published' => true,
			'created' => '2010-12-23',
			'modified' => '2010-12-31',
			'keywords' => '',
			'description' => 'Ncell, a subsidiary of Swedish phone giant TeliaSonera, has set up a high-speed third-generation (3G) phone base station at Mount Everest region.',
			'sortorder' => '40',
			'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' => '90',
			'article_category_id' => '34',
			'title' => 'Japan Agriculture Ready To Take Nepali Workers',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div style="width: 595px;">
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;">
		<div align="justify">
			Japan Agriculture Exchange Council has agreed to take Nepalis to Japan as trainee workers. The Council will receive labourers from the manpower companies associated with Japan International Training Co-operation Organization (JITCO).<br />
			Japan is seeking Nepali manpower in the field of agriculture, fish farming, pig farming and many more, said Son Suzuki, the chairman of the council. “We are visiting various places to study the feasibilities,” said Suzuki.</div>
	</div>
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;">
		<div align="justify">
			They are conducting research tour in Nepal Agriculture Research Council (NARC), Rampur Agriculture Campus and other districts.<br />
			The council has been taking workers from countries like Malaysia, Thailand and Philippines so far. However possibility of Nepali workers becomes high after the completion of the tour, said Suzuki. The council is supposed to submit the report to the Ministry of Agriculture in Japan by mid November.</div>
	</div>
	<div style="clear: both;">
		 </div>
</div>',
			'published' => true,
			'created' => '2010-12-23',
			'modified' => '2010-12-31',
			'keywords' => '',
			'description' => 'Japan Agriculture Exchange Council has agreed to take Nepalis to Japan as trainee workers. The Council will receive labourers from the manpower companies associated with Japan International Training Co-operation Organization (JITCO).',
			'sortorder' => '39',
			'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' => '89',
			'article_category_id' => '34',
			'title' => 'Shalimar Aims To Triple Its Production',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div style="width: 595px;">
	<div style="width: 49%; float: left;">
		<div align="justify">
			Nepal Shalimar P a i n t s has tripled its production by establishing new plant in Parwanipur of Parsa. The new u n i t w i t h t h e capacity of 13,000 metric ton is set up with an investment of Rs 150 million.<br />
			According to Madhav Gautam, Marketing General Manager of Shalimar, 75 per cent of the construction is complete. “We will start manufacturing by coming January,” said Gautam. The company has been producing 3,000 metric ton paints from the factory in Pipara of Birgunj.</div>
	</div>
	<div style="width: 49%; float: right;">
		<div align="justify">
			“The concept of new plant came with our ambition to manufacture paints over a billion amount,” shared Gautam. At present, the annual market of Nepali paints is considered to be Rs 3.5 billion. According to Gautam, Shalimar covers 13 per cent of the market share. Different entrepreneurs assume business of Nepali paints to increase by 25 per cent on the annual basis.</div>
	</div>
	<div style="clear: both;">
		 </div>
</div>',
			'published' => true,
			'created' => '2010-12-23',
			'modified' => '2010-12-23',
			'keywords' => '',
			'description' => 'Nepal Shalimar P a i n t s has tripled its production by establishing new plant in Parwanipur of Parsa. The new u n i t w i t h t h e capacity of 13,000 metric ton is set up with an investment of Rs 150 million.',
			'sortorder' => '38',
			'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' => '88',
			'article_category_id' => '34',
			'title' => 'Handicraft Lab On Cards',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div style="width: 595px;">
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;">
		<div align="justify">
			The Federation of Handicraft Association of Nepal (FHAN) is establishing a handicraft lab to test the quality of Nepali handicrafts. Pressure to establish a lab come from major importing countries that started questioning the use of hazardous elements like cadmium in the handicrafts.<br />
			FHAN has estimated the cost of the laboratory to be Rs 12 million, out of which the Federation will invest 51 per cent and the rest will be covered by the government . The lab will be located in the premises of Trade and Export Promotion&nbsp; Centre</div>
	</div>
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;">
		<div align="justify">
			(TEPC) in Lalitpur.<br />
			“Had the government passed the budget, construction part of the laboratory would have started earlier,” said Rishi Raj Subedi, undersecretary of FHAN. According to Bikash Ratna Dhakwa, the chairman of the federation, FHAN is lobbying for the land to construct the lab. A three-member taskforce is formed for this purpose which comprises of member from the federation, department of customs and an expert.<br />
			 </div>
	</div>
	<div style="clear: both;">
		 </div>
</div>',
			'published' => true,
			'created' => '2010-12-23',
			'modified' => '2010-12-31',
			'keywords' => '',
			'description' => 'The Federation of Handicraft Association of Nepal (FHAN) is establishing a handicraft lab to test the quality of Nepali handicrafts.',
			'sortorder' => '37',
			'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' => '87',
			'article_category_id' => '34',
			'title' => 'Cleaning Solution From Giri Group',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div style="width: 595px;">
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;">
		<div style="text-align: justify;">
			Giri Group has come up with a laundry solution for the busy people of the Valley. The group will establish a huge laundry at Tilganga, the heart of Kathmandu, with an investment of Rs 200 million. “It will be the first modern laundry of Nepal with the capacity to wash 15 thousand pairs of clothes daily,” says Kishan Giri, Managing Director of the company.<br />
			The laundry will also introduce membership card for the households. “As per the need of the household, we can wash clothes twice a week,” says he.</div>
	</div>
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right; text-align: justify;">
		On the basis of the quantity of clothes, the company will charge Rs 1,000 to 1,500 per month. The customers of the laundry will also enjoy the facility of home delivery, Giri says.<br />
		The company will establish laundry collection centre at the major locations of the Valley like New Baneswor, Battisputali, Koteswor and Tinkune, etc. “The laundry is committed to return the clothes within a single day,” Giri shared. According to him, the laundry may hardly take two hours to wash, dry and iron the clothes.<br />
		 </div>
	<div style="clear: both; text-align: justify;">
		 </div>
</div>',
			'published' => true,
			'created' => '2010-12-23',
			'modified' => '2010-12-31',
			'keywords' => '',
			'description' => 'Giri Group has come up with a laundry solution for the busy people of the Valley. The group will establish a huge laundry at Tilganga, the heart of Kathmandu, with an investment of Rs 200 million.',
			'sortorder' => '36',
			'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' => '86',
			'article_category_id' => '34',
			'title' => 'Trikon-Starcom Joint Venture',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div style="width: 595px;">
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;">
		<div style="text-align: justify;">
			Trikon Advertising Service, one of the top advertising agencies of Nepal operating for nearly 25 years, has joined hands with internationally renowned media communications agency Starcom Worldwide which is based in Chicago. “After this agreement, Trikon will be performing internationally and will lead Nepali media to the highest level”, said Rajendra Aryal, the managing director of Trikon. Trikon will provide media planning and buying services in Nepal which will meet the high standards of quality and service acceptable to Starcom.</div>
	</div>
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right; text-align: justify;">
		Trikon Advertising Service, is already an official media agency of the BIG Cinemas, India’s largest cinema chain with 440 screens spread across India, USA, Malaysia, Europe and Nepal. <br />
		It will now operate its advertising business with a new logo. Starcom is a full-service global media division of Starcom Mediavest Group (SMG) with world-renowned expertise in communications, strategy, media buying and consumer research—leveraged on behalf of some world’s smartest marketers.<br />
		 </div>
	<div style="clear: both; text-align: justify;">
		 </div>
</div>',
			'published' => true,
			'created' => '2010-12-23',
			'modified' => '2010-12-31',
			'keywords' => '',
			'description' => '',
			'sortorder' => '35',
			'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' => '85',
			'article_category_id' => '34',
			'title' => 'MaHa Duo Brand Ambassador Of NLIC',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div style="width: 595px;">
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;">
		<div style="text-align: justify;">
			NLIC has signed up the famous artist duo of Madan Krishna Shrestha and Hari Bansa Acharya as the company’s brand ambassador for a period of two years. The company’s professional slogan is: ‘It’s good to have a life insurance, it’s better to get it from NLIC.<br />
			The company has been providing its insurance</div>
	</div>
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right; text-align: justify;">
		services through different insurance schemes.The company expects that the duo will help in informing the public about the benefits of having an insurance policy. The d u o w i l l appear in the TV ads of the company that will be aired soon. Along with this, the pair will also be featured in ads in the print media.</div>
	<div style="clear: both; text-align: justify;">
		 </div>
</div>',
			'published' => true,
			'created' => '2010-12-23',
			'modified' => '2010-12-31',
			'keywords' => '',
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			'id' => '99',
			'article_category_id' => '31',
			'title' => ''Banks Are Becoming More Stable With Time'',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div style="width: 595px;">
	<div justify="" style="width: 595px;">
		<div>
			<div align="center" style="border: 1px solid rgb(204, 204, 204); padding: 5px;">
				<strong>"We have never announced that we would acquire any institutions in Nepal. People have approached us but we are not ready at this point of time. We are open to the idea but the political situation needs to stabilise first. Nobody will invest money in an unstable environment. and Russia.</strong>"</div>
			<br />
			<div align="center" style="border: 1px solid rgb(204, 204, 204); padding: 5px;">
				<strong>The global crisis has made everyone realise that it is not right to approach different banks for different purposes. It is better to procure as many services as possible with the same bank. The lack of relationship with a single back hit the people hard. In times of need, they were unable to get financing from the banks. There is definitely a change in the mindset of the clientele."</strong></div>
			<br />
			<div align="justify" style="border: 1px solid rgb(204, 204, 204); padding: 5px;">
				<strong>Neeraj Swaroop</strong> is the Regional Chief Executive of Standard Chartered Bank, India and South Asia. Swaroop was recently in Kathmandu to attend the annual general meeting (AGM) of Standard Chartered Bank Nepal Limited (SCBNL). In an interview with Nubiz, he shared his views on Nepal’s banking industry, SCBNL’s consistent performance and what banks are doing globally to remain stable in the post-crisis mode. Excerpts:</div>
		</div>
	</div>
</div>
<p>
	 </p>
<div style="width: 595px;">
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;">
		<div align="justify">
			<strong>How was the performance of Standard Chartered Bank Nepal Limited (SCBNL) in the last fi scal year? </strong><br />
			We have performed well for many years in a row. Our objective is not only to grow and register profit consistently but also to build a business which delivers the goods overall. We have seen through the crisis where many banks have not performed well. For banks, it is very easy to slip and make losses because they take undue risks. So our philosophy is to be prudent, take measured risks and show steady growth. What would you give the credit for your success over the years? We have continued to expand our products and services. This is receiving a huge patronage from the customers. The matter of pride and which is of great importance is a strong governance structure which is working very well. We are a compliant Bank. We have already been conferred the Banker of the Year 2009 Award. That was particularly pleasing for us. We also have been consistent with the quality of our portfolio for both the businesses i.e. Wholesale Banking and Consumer Banking. .</div>
	</div>
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;">
		<div align="justify">
			<strong>What explains the stagnation in the bank’s deposit collection and reduction in the earning per share during the last fi scal year compared to the year before? </strong><br />
			If we keep giving bonus every year, the Earning per Share (EPS) will go down. The right comparison is to adjust the bonus share and then look at the EPS because we have not raised additional capital. If you add the bonus shares, you will see that we have steadily increased EPS every year. As far as the growth in deposits and the loans are concerned, you can refer to our balance sheet. It has grown modestly because we are careful about expanding credit in an uncertain environment.In fact, our deposits have grown and so have the loans. It is a steady growth.<br />
			<br />
			<br />
			<br />
			<br />
			<br />
			<br />
			 </div>
	</div>
	<div style="clear: both;">
		 </div>
</div>
<div style="width: 595px;">
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;">
		<div align="justify">
			<strong>What plans does the SCBNL board have for the shareholders in the upcoming AGM?</strong><br />
			We have proposed for the AGM to approve a bonus issue of 15 per cent per 100 shares and a cash dividend of 55 per cent. I am confident that this will enthuse our shareholders a great deal.<br />
			<br />
			<br />
			 </div>
	</div>
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;">
		<div align="justify">
			<strong>Standard Chartered has indicated the willingness to acquire some BFIs in Nepal. What has been the progress so far? </strong><br />
			We have never announced that we would acquire any institutions in Nepal. People have approached us but we are not ready at this point of time. We are open to the idea but the political situation needs to stabilise first. Nobody will invest money in an unstable environment.</div>
	</div>
	<div style="clear: both;">
		 </div>
</div>
<div style="width: 595px;">
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;">
		<div align="justify">
			<strong>NRB seems determined to put a cap on the salary and benefi ts enjoyed by the CEOs of the banks. Will it have any effect on your bank’s operation in particular and the banking sector in general? </strong><br />
			We expect that the Central Bank will be practical about this matter but we will wait to see what they come up with. Unfortunately, only a handful of CEOs are being investigated. I have already discussed this matter with the authorities. I think they should not have any serious objection to individuals getting a certain pay. They are basically looking at some degree of equitability. As long as this reflects the size of the business and is not incentives only, it should not be a matter to worry about. The incentive system is not only about making short term profits.</div>
	</div>
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;">
		<div align="justify">
			<strong>What would you give the credit for your success over the years?</strong><br />
			We have continued to expand our products and services. This is receiving a huge patronage from the customers. The matter of pride and which is of great importance is a strong governance structure which is working very well. We are a compliant Bank. We have already been conferred the Banker of the Year 2009 Award. That was particularly pleasing for us. We also have been consistent with the quality of our portfolio for both the businesses i.e. Wholesale Banking and Consumer Banking.<br />
			<br />
			<br />
			<br />
			 </div>
	</div>
	<div style="clear: both;">
		 </div>
</div>
<div style="width: 595px;">
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;">
		<div align="justify">
			<strong>How is Standard Chartered viewing the proposed South Asian Regional Bank?</strong><br />
			I am not aware of any development to this end. It may have been proposed to promote trade or the import-export scenario. I cannot imagine a bank as such unless it is set up for a specific purpose like trade promotion, facilitating trade among the South-Asian countries etc. There has been however, some talk about financing trade. The FNCCI, too, has mentioned about having a trade corridor in a meeting.</div>
	</div>
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;">
		<div align="justify">
			<strong>In Nepal the concept of branchless banks has not gained momentum, unlike in India. How do you view this? </strong><br />
			We have definitely thought about such a possibility but it is still debatable. I really cannot commit anything at this point of time. We also look at the developments in other sectors, for example telecommunications. We would like to be doubly sure before we take the plunge into this endeavour.<br />
			<br />
			 </div>
	</div>
	<div style="clear: both;">
		 </div>
</div>
<div style="width: 595px;">
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;">
		<div align="justify">
			<strong>What is your overall assessment of Nepal’s banking industry? Also, is SCBNL planning to introduce any new product?</strong><br />
			At the industry level, our view is that there is tremendous prospect for growth in the long run. It has all the right ingredients for good growth. Banking Institutions always ride on the back of the economy because of the process of intermediaries. This sector is doing well not just in Nepal but in the most parts of South Asia. We are quite optimistic about the future. For us, this is a very good quality operation. We are proud that we enjoy a high reputation with our clientele. We are respected by a large section of the industry. The bank’s share prices reflect the confidence and appreciation by our shareholders and we are happy on this account. We are also proud of the quality of our governance as well as the service that we provide. We believe in long term business. Each year, we invest in increasing the number of ATMs, adding branches, inducting more staff, adding RMs and introducing new products. Once we see the economy picking up on the back of political stability, we’ll invest even more.</div>
	</div>
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;">
		<div align="justify">
			<strong>In the present context of Nepal, can the banking sector do anything from India or elsewhere? </strong><br />
			Banking is one of the oldest professions in this world. There is no reason why we cannot do what others can, in different parts of the world. The building of a strong balance sheet means having the right ratios in terms of capital, liquidity and tenure. The quality of a bank’s balance sheet is the heart of its stability and performance. If you look at the Indian as well as other South Asian countries’ banking system, they survived through the crisis because of good balance sheets. Perhaps, they had learnt their lesson from the 1997 Asian crisis when over leverage of the Asian banks had resulted in weak balance sheets. As I understand, all banks in Nepal are not as prudent in the balance sheet structure as they should be. The Nepali banks must have sound balance sheets in order to stay healthy. Good balance sheets lead to good credit evaluating norms which are based on the analysis of cash flows and balance sheets of customers. The banks looking at long term operations almost always follow this mandatory process.</div>
	</div>
	<div style="clear: both;">
		 </div>
</div>
<div style="width: 595px;">
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;">
		<div align="justify">
			<strong>Are there new trends being set worldwide in the banking sector? </strong><br />
			I’ll not exactly call it a new trend but rather a new stage, where the banking industry is in a post-crisis mode. However, we are not feeling the crisis here. The western crisis has affected banking both from the regulators’ and the bankers’ perspectives. Greater restrictions on liquidity as well as on compliance and prudential norms by the regulators have come to the fore. Earlier, most regulators were happy with a broad principle based regulation but now they are keen on a rule-based regulation. They want to check everything because they have been criticised for the failure of the banking system. Hence, the regulators are far more careful now. One thing that has changed after the global crisis is that more banks are focusing on relationship banking now. The crisis has made everyone realise that it is not right to approach different banks for different purposes. It is better to procure as many services as possible with the same bank. The lack of relationship with a single back hit the people hard. In times of need, they were unable to get financing from the banks. There is definitely a change in the mindset of the clientele. The banking system is evolving and I think the crisis has accelerated it. On a positive note, the banks are becoming more stable with time.</div>
	</div>
	<div style="clear: both;">
		 </div>
</div>',
			'published' => true,
			'created' => '2010-12-24',
			'modified' => '2010-12-24',
			'keywords' => '',
			'description' => '"We have never announced that we would acquire any institutions in Nepal. People have approached us but we are not ready at this point of time. We are open to the idea but the political situation needs to stabilise first. Nobody will invest money in an unstable environment. and Russia."',
			'sortorder' => '48',
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	(int) 1 => array(
		'Article' => array(
			'id' => '98',
			'article_category_id' => '31',
			'title' => 'With Nepal, Our Brand Has Now Reached 14 Countries',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div style="width: 595px;">
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 100%;">
		<strong>Muhammet Coşkun</strong> is the International Marketing Manager of Suvari, one of the most celebrated men’s wear clothing ranges from Turkey, and spread over 13 countries in the world. He was recently in Kathmandu at the opening of the Suvari showroom. The exclusive showroom was opened in association with the local partner, Mediterian Link Holdings Pvt Ltd. It is an investment company established by seasoned entrepreneurs like Akhil Chapagain, Chairperson of Akhil Trading Concerns Pvt Ltd, Kush Kumar Joshi Chairperson of FNCCI, Shukuntalal Hirachan, Chairperson of United Builders and Engineers, among others. In an interview with Nubiz, Coşkun shares how Suvari can become the first choice of fashionconscious Nepali males. Excerpts:</div>
</div>
<p>
	 </p>
<div style="width: 595px;">
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 100%;">
		<strong>We don’t categorize countries into developed or developing ones while seeking to expand our network. We have already established ourselves in Europe and Russia. </strong></div>
</div>
<p>
	 </p>
<div style="width: 595px;">
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;">
		<div align="justify">
			<strong>Why do you think Nepal can be a good market for a branded wear like Suvari?</strong><br />
			I think Nepal is a good market for the suvari brand because we give the ready-made clothing to them. In Nepal, there is a trend to buy the fabric first and get it stitched from the tailor. This is sometime difficult because there might be some mistake in the measurement of the body and your whole expense goes in vain. I met one Nepali businessman today who said he bought a very expensive fabric to make a suit of his choice, but when the suit was ready it was a completely different one. He took the suit home but hasn’t worn it for a single day. With Suvari, there is no risk. We have suits available in a range of sizes. Both the fabric and tailoring are done in Turkey. The Nepali men can try the clothing and take home the exact fit.</div>
	</div>
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;">
		<div align="justify">
			<strong>How do you defi ne Suvari? What is the present status of this<br />
			brand in the market?</strong><br />
			Suvari is a famous men’s wear brand of Turkey. The brand was first established in 1997 as a shirt brand but as the product and brand name took height, its products range was expanded to suits, trousers, shirts, blazers and all dress accessories for men. Now we have 57 stores in Turkey. And we are always trying to expand our network by increasing the number of outlets. We are opening a new outlet every month. We have 35 stores in 13 countries outside Turkey. With Nepal, our brand has now reached 14 countries. We fully own some of our stores abroad, while for others we have local partners, for example, for our store in Katmandu, Nepal.<br />
			 </div>
	</div>
	<div style="clear: both;">
		 </div>
</div>
<div style="width: 595px;">
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;">
		<div align="justify">
			<strong>How do you choose a country to open an outlet for your products?</strong><br />
			First of all, we study the market potential for our products in any country. When we are assured that the country has a good market for our brand, we decide to invest in that country. Prior to our investment in Nepal, we carried out a similar market study. We don’t categorize countries into developed or developing ones while seeking to expand our network. We have already established ourselves in Europe and Russia. And at the same time, we are successful in the Middle East and South Africa.</div>
	</div>
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;">
		<div align="justify">
			<strong>Do you also have women’s or kids’ wear?</strong><br />
			We are only concentrating on men’s wear because we want to specialize in this segment. Women’s and kids’ wear are very different to that of men’s. If you observe the fashion world, there are very few brands in the world that are successful in each of these segments, for example, Zara. Usually, if you cannot specialize in your work, you cannot be successful. In men’s wear we are very successful. We are not interested in the women’s or kids’ wear.<br />
			<br />
			 </div>
	</div>
	<div style="clear: both;">
		 </div>
</div>
<p>
	 </p>
<div style="width: 595px;">
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;">
		<div align="justify">
			<strong>Talking about specialization, is your focus on the entire range of men’s wear or is it limited to some special category of clothing range?</strong><br />
			Our focus is on the classic men’s wear. We basically design clothes for businessmen and expatriates who want to wear formal dresses everyday. So we design suits for their trips, or formal meetings etc. But we intend to give them choices for their holidays. That’s why we have a range of casual wear as well. But we don’t have sportswear or other trends. Our main focus is classic wear like suits and some choices for casual wear.</div>
	</div>
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;">
		<div align="justify">
			<strong>What is the price range of Suvari?</strong><br />
			The price of suits ranges from Rs 13,500 to 25,000. Our shirts are all priced equally at Rs 2,000 each. But I would like to assure all Nepalis that they are getting the best clothing at this price. We do not compromise on quality. We design our clothing in accordance with the newest emerging trends. So they are not expensive for someone who understands fashion and wants to look good.<br />
			<br />
			<br />
			<br />
			 </div>
	</div>
	<div style="clear: both;">
		 </div>
</div>
<div style="width: 595px;">
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;">
		<div align="justify">
			<strong>But what about the middle-class man who, too, wants to look good? Do you have any scheme to incorporate them into your customer network?</strong><br />
			Our clothing is basically targeted at the businessmen or at those who can spend a good amount of money for themselves. But again we cannot neglect the middle-class people who constitute the majority of the population. We will come up with some schemes for the middle-class men as well.</div>
	</div>
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;">
		<div align="justify">
			<strong>What are your future plans with Nepal? Will you work with other local partners as well?</strong><br />
			I love this country very much. This is the second time I am visiting this country but it has made a huge impact on my heart. The Nepali people are very warm and honest. So I can identify myself as a Turkish with any Nepali over here. I think Nepal and Turkey can work together in many areas. This is just a beginning. From my side, I will always try to reduce the distance between Turkey and Nepal.</div>
	</div>
	<div style="clear: both;">
		 </div>
</div>
<div style="width: 595px;">
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;">
		<div align="justify">
			<strong>You have started with a showroom at the United World Trade Center (UWTC). Is there a plan for more showrooms?</strong><br />
			The showroom inside UWTC is our first showroom. But within six months we are planning to open another showroom inside the Kathmandu Valley. The location of the showroom is yet to be decided.<br />
			 </div>
	</div>
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;">
		<div align="justify">
			<strong>What’s your investment in the UWTC showroom?</strong><br />
			Here we are working with a local partner, Mediterian Link Holdings Ltd. So our investment was 60 thousand US dollars only. But we are planning to increase our investment and provide more choices to the Nepali people. For this we will first see how the business goes here. If everything goes fine, we will certainly increase our investment.</div>
	</div>
	<div style="clear: both;">
		 </div>
</div>
<div style="width: 595px;">
	<div style="clear: both;">
		 </div>
</div>',
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			'created' => '2010-12-24',
			'modified' => '2010-12-31',
			'keywords' => '',
			'description' => 'We don’t categorize countries into
developed or developing ones while
seeking to expand our network. We have
already established ourselves in Europe
and Russia.',
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		'Article' => array(
			'id' => '97',
			'article_category_id' => '34',
			'title' => 'Agro Refi Nery In Rupandehi',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div style="width: 595px;">
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;">
		<div align="justify">
			Himalayan Agro Business and Research Service Pvt Ltd has set up an industry in Rupandehi for processing agriculture products. The industry will begin the processing of tomatoes as well as ginger, garlic, buckwheat and other agro products within a few months. The industry will manufacture ketchup, puree and sauce from tomatoes, candy, powder, tonic and paste from ginger and paste from garlic and flour and noodles from buckwheat, according to Jagadish Chandra Gautam, chairman of the company.<br />
			The industry has a capacity of processing 10,000 MTs of agro products and herbs. </div>
	</div>
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;">
		<div align="justify">
			The industry was established a year ago and it started experimental processing of the herbs last year.According to Gautam, the industry was set up at a cost of Rs 10 million. The industry has also been manufacturing aromatic oils from lemongrass, menthol and chamomile. The industry aims to produce 100 MTs of tomato<br />
			The industry aims to produce 100 MTs of tomato products, 1000 MTs of ginger candy and 60 KGs of aromatic oils. The products of the industry will be sold in Kathmandu, Pokhara, Narayangadh, Butwal, Biratnagar and other cities. There are also possibilities of export to India.</div>
	</div>
	<div style="clear: both;">
		 </div>
</div>',
			'published' => true,
			'created' => '2010-12-23',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Himalayan Agro Business and Research Service Pvt Ltd has set up an industry in Rupandehi for processing agriculture products.',
			'sortorder' => '46',
			'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' => '96',
			'article_category_id' => '34',
			'title' => 'Conference On South Asian Trade',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div style="width: 595px;">
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;">
		<div align="justify">
			The one day conference of the South Asian young entrepreneurs was held on November 12. On the event, chairman of FNCCI, Kush Kumar Joshi said that regional trade development is required for the economic development in South-Asia. He expressed dissatisfaction at the fact that the intra-regional trade of SAARC countries increased 2 per cent only in past 3 decades. He added, “The entrepreneurs of SAARC regions are more capable than those of the other regions but they are not able to work professionally due to political instability”.</div>
	</div>
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;">
		<div align="justify">
			Bangladesh participated in the conference jointly organised by SAARC Chamber of Commerce and Industry, Nepal Chamber of Commerce and Nepal Young Entrepreneurs’ Forum. It was supported by Friedrich Naumann Stiftung of Germany. The conference was also attended by Pradeep Kumar Shrestha, Vice President of SAARC CCI; Iqbal Tabish, General Secretary of SAARC CCI; and Sharukh Mallik, President of SAARC Chamber of Commerce and Industry’s Young Entrepreneurs’ Forum (SYEF).<br />
			 </div>
	</div>
	<div style="clear: both;">
		 </div>
</div>',
			'published' => true,
			'created' => '2010-12-23',
			'modified' => '2010-12-31',
			'keywords' => '',
			'description' => 'The one day conference of the South Asian young entrepreneurs was held on November 12. On the event, chairman of FNCCI, Kush Kumar Joshi said that regional trade development is required for the economic development in South-Asia.',
			'sortorder' => '45',
			'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' => '95',
			'article_category_id' => '34',
			'title' => 'Hyundai Next Gen I10',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div style="width: 595px;">
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;">
		<div align="justify">
			Laxmi Inter-continental of Laxmi Group has been declared as the sole authorised dealer of Hyundai in Nepal. Intercontinental for the past two years has been providing the services such as sales, service and spare parts of Hyundai.<br />
			On the occasion, the company introduced ‘Next Gen i10’ car under sportage series in the market. Hyundai Next Gen i10 comes with two models- 1.1 iRDE2 and 1.2 Kappa2 VTVT. With a more efficient engine, the new 1.1 iRDE2 Next Gen i10 has ARAI certified mileage of 19.81 km per litre of petrol while the 1.2 Kappa2 VTVT possess of a mileage of 20.36 km per litre making i10 the most fuel efficient petrol car.</div>
	</div>
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;">
		<div align="justify">
			The car brings the highly innovative features like gear shift indicator display (M/T only), digital fuel indicator, steering mounted audio, Bluetooth controls with multiple power outlets, dual air bag, reverse parking sensor, foldable key, height adjustable driver seat, deluxe floor console with power outlet, keyless entry with burglar alarm and engine immobilizer. Vastly improved and stylish Next Gen i10 is available in 8 different colours that include crystal white, silk silver, ice silver, chimpanzee gold, electric red, carbon grey and thunder black. The car is also featured with electric sunroof. It has 155 ml ground clearance and a 2380 mm wheel base.</div>
	</div>
	<div style="clear: both;">
		 </div>
</div>',
			'published' => true,
			'created' => '2010-12-23',
			'modified' => '2010-12-31',
			'keywords' => '',
			'description' => 'Laxmi Inter-continental of Laxmi Group has been declared as the sole authorised dealer of Hyundai in Nepal. Intercontinental for the past two years has been providing the services such as sales, service and spare parts of Hyundai.',
			'sortorder' => '44',
			'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' => '94',
			'article_category_id' => '34',
			'title' => 'Slate Industry Worth Rs 11.5 Million',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div style="width: 595px;">
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;">
		<div align="justify">
			The Far Western Slate Industry is going to be established in Beladevi of Kailali district with a capital of Rs 11.5 million. Jeetendra Karki, Director of the industry said that the industry will produce 300 to 350 tons of slate powder daily. Karki also said that the industry will come into operation within the next five months. “The legal process has already completed,” he added. “The production will start from Chaitra (March-April)”.<br />
			All the raw materials required for the production will</div>
	</div>
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;">
		<div align="justify">
			be collected from the far western districts like Baitadi, Darchula, Bajhang and Achham, said Karki. “We have completed all processes including the field study to bring the raw materials. We also have started the feasibility study in other districts.” The construction of the industry started some two years ago. The industry is supposed to employ more than 200 labours once it becomes operational. The slate powder of Nepal is considered to be of high quality.</div>
	</div>
	<div style="clear: both;">
		 </div>
</div>',
			'published' => true,
			'created' => '2010-12-23',
			'modified' => '2010-12-31',
			'keywords' => '',
			'description' => 'The Far Western Slate Industry is going to be established in Beladevi of Kailali district with a capital of Rs 11.5 million.',
			'sortorder' => '43',
			'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' => '93',
			'article_category_id' => '34',
			'title' => 'Commercial Bank Profit Swells Up',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div style="width: 595px;">
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 45%; float: left;">
		<div align="justify">
			Profit of the commercial banks has increased in the first quarter of the current fiscal year 2010/11 compared to the same period last year. Unaudited financial reports of 23 banks show that they together made a net profit of Rs 3.08 billion in the first quarter of the running fiscal year. Among the banks that have published their quarterly reports, Rastriya Banijya Bank secures the top position by making a net profit of Rs 343.5 million. It is 7.66 per cent more compared to the corresponding period of the last fiscal year (2009/10). The bank’s expenditure for the staffers was reduced and extraordinary income increased this year to increase the profit. On the list of profit makers, Nepal Investment Bank Ltd grabs the second position with a profit of Rs 335.8 million. It is approximately 15 per cent more compared to the same period the previous year.<br />
			Nabil, Agriculture Development and Standard Chartered banks followed the Investment Bank in the list, respectively. In terms of percentage increase in profit, DCBL, NMB, KIST, Sunrise and Global lead the group. The banks that witnessed huge decline in profit in comparison to the corresponding period last year are Lumbini (66.48 %), NCC (43.49%) and NB (32.52%). Standard Chartered Bank also saw 4.74 per cent decline in profit this quarter. Non-operating expenses of Lumbini bank reached Rs 173.7 million in this quarter that was nil in the corresponding period of the previous fiscal year.&nbsp; It was the main reason for Lumbini’s decline in profit. The non-operating expenses and forex exchange loss are the reasons for the decrease in NCC bank’s profits.</div>
	</div>
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 50%; float: right;">
		<div>
			<div align="center">
				<strong>Profi t of the commercial banks in the fi rst quarter of the fi scal year 2010/11</strong> <br />
				<span style="font-size: 11px; float: right;">Rs in million</span><br />
				<img alt="" height="290" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/table.jpg" style="margin: 0px; padding: 0pt;" width="296" /></div>
			<div>
				<br />
				Source: financial results published by respective banks Rs in million</div>
		</div>
	</div>
	<div style="clear: both;">
		 </div>
</div>',
			'published' => true,
			'created' => '2010-12-23',
			'modified' => '2010-12-23',
			'keywords' => '',
			'description' => 'Profit of the commercial banks has increased in the first quarter of the current fiscal year 2010/11 compared to the same period last year.',
			'sortorder' => '42',
			'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' => '92',
			'article_category_id' => '34',
			'title' => 'Arihant Installs Environment- Friendly Machine',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div style="width: 595px;">
	<div style="width: 48%; float: left;">
		<div align="justify" style="border: 1px solid rgb(204, 204, 204); padding: 5px;">
			Arihant Multifibers Ltd, the largest jute factory of Nepal, has installed environment-friendly technology in its plant located at Sonapur of Sunsari. The factory has replaced old drying machine with environment-friendly machine for sack production. The new technology is not only environment-friendly but also cost-effective. The company invested Rs 25 million to make its machine smoke-free, according to Govinda Bajagain, administrative head of the factory. The factory converted 250 looms into smoke-free machines by using local resources.</div>
	</div>
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;">
		<div align="justify">
			“New technology takes fewer amounts of fuel, water, electricity and human effort,” said Bajagain, “we don’t need to hear complaints from the local residents as well.” The smoke and ashes from the drying machine used to pollute the environment of the vicinity, said the factory administration. Local residents had protested against the factory compelling it to search an alternative to the old drying machine.<br />
			<br />
			<br />
			 </div>
	</div>
	<div style="clear: both;">
		 </div>
</div>',
			'published' => true,
			'created' => '2010-12-23',
			'modified' => '2010-12-31',
			'keywords' => '',
			'description' => 'Arihant Multifibers Ltd, the largest jute factory of Nepal, has installed environment-friendly technology in its plant located at Sonapur of Sunsari.',
			'sortorder' => '41',
			'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' => '91',
			'article_category_id' => '34',
			'title' => 'Ncell’s 3G Scales Mt Everest',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div style="width: 595px;">
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;">
		<div align="justify">
			Ncell, a subsidiary of Swedish phone giant TeliaSonera, has set up a high-speed third-generation (3G) phone base station at Mount Everest region. The installation could enable people living in the Khumbu Valley and tens of thousands of trekkers and climbers to surf the internet and make a video call from an altitude of 5,200 meters.<br />
			"Today we made the world's highest video call from Mt Everest base camp successfully,” said Ncell Nepal Chief Pasi Koistinen in a press-meet. Now it is possible to browse the web, e-mail and make a call in a pocket-friendly way.</div>
	</div>
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;">
		<div align="justify">
			“This achievement is as mighty as the altitude as 3G high speed internet will bring faster, more affordable telecommunication services to the people living in the Khumbu Valley, trekkers and climbers alike,” said Lars Nyberg, President and CEO of TeliaSonera. The new facility from Ncell is seen very optimistically for its possible good impact on the upcoming Nepal Tourism Year 2011. TeliaSonera also unveiled plans for future investments in Nepal. According to Nyberg, TeliaSonera is planning to spend over US $ 100 million and cover 90 per cent of the population with affordable telecom service.</div>
	</div>
	<div style="clear: both;">
		 </div>
</div>',
			'published' => true,
			'created' => '2010-12-23',
			'modified' => '2010-12-31',
			'keywords' => '',
			'description' => 'Ncell, a subsidiary of Swedish phone giant TeliaSonera, has set up a high-speed third-generation (3G) phone base station at Mount Everest region.',
			'sortorder' => '40',
			'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' => '90',
			'article_category_id' => '34',
			'title' => 'Japan Agriculture Ready To Take Nepali Workers',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div style="width: 595px;">
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;">
		<div align="justify">
			Japan Agriculture Exchange Council has agreed to take Nepalis to Japan as trainee workers. The Council will receive labourers from the manpower companies associated with Japan International Training Co-operation Organization (JITCO).<br />
			Japan is seeking Nepali manpower in the field of agriculture, fish farming, pig farming and many more, said Son Suzuki, the chairman of the council. “We are visiting various places to study the feasibilities,” said Suzuki.</div>
	</div>
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;">
		<div align="justify">
			They are conducting research tour in Nepal Agriculture Research Council (NARC), Rampur Agriculture Campus and other districts.<br />
			The council has been taking workers from countries like Malaysia, Thailand and Philippines so far. However possibility of Nepali workers becomes high after the completion of the tour, said Suzuki. The council is supposed to submit the report to the Ministry of Agriculture in Japan by mid November.</div>
	</div>
	<div style="clear: both;">
		 </div>
</div>',
			'published' => true,
			'created' => '2010-12-23',
			'modified' => '2010-12-31',
			'keywords' => '',
			'description' => 'Japan Agriculture Exchange Council has agreed to take Nepalis to Japan as trainee workers. The Council will receive labourers from the manpower companies associated with Japan International Training Co-operation Organization (JITCO).',
			'sortorder' => '39',
			'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' => '89',
			'article_category_id' => '34',
			'title' => 'Shalimar Aims To Triple Its Production',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div style="width: 595px;">
	<div style="width: 49%; float: left;">
		<div align="justify">
			Nepal Shalimar P a i n t s has tripled its production by establishing new plant in Parwanipur of Parsa. The new u n i t w i t h t h e capacity of 13,000 metric ton is set up with an investment of Rs 150 million.<br />
			According to Madhav Gautam, Marketing General Manager of Shalimar, 75 per cent of the construction is complete. “We will start manufacturing by coming January,” said Gautam. The company has been producing 3,000 metric ton paints from the factory in Pipara of Birgunj.</div>
	</div>
	<div style="width: 49%; float: right;">
		<div align="justify">
			“The concept of new plant came with our ambition to manufacture paints over a billion amount,” shared Gautam. At present, the annual market of Nepali paints is considered to be Rs 3.5 billion. According to Gautam, Shalimar covers 13 per cent of the market share. Different entrepreneurs assume business of Nepali paints to increase by 25 per cent on the annual basis.</div>
	</div>
	<div style="clear: both;">
		 </div>
</div>',
			'published' => true,
			'created' => '2010-12-23',
			'modified' => '2010-12-23',
			'keywords' => '',
			'description' => 'Nepal Shalimar P a i n t s has tripled its production by establishing new plant in Parwanipur of Parsa. The new u n i t w i t h t h e capacity of 13,000 metric ton is set up with an investment of Rs 150 million.',
			'sortorder' => '38',
			'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' => '88',
			'article_category_id' => '34',
			'title' => 'Handicraft Lab On Cards',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div style="width: 595px;">
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;">
		<div align="justify">
			The Federation of Handicraft Association of Nepal (FHAN) is establishing a handicraft lab to test the quality of Nepali handicrafts. Pressure to establish a lab come from major importing countries that started questioning the use of hazardous elements like cadmium in the handicrafts.<br />
			FHAN has estimated the cost of the laboratory to be Rs 12 million, out of which the Federation will invest 51 per cent and the rest will be covered by the government . The lab will be located in the premises of Trade and Export Promotion&nbsp; Centre</div>
	</div>
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;">
		<div align="justify">
			(TEPC) in Lalitpur.<br />
			“Had the government passed the budget, construction part of the laboratory would have started earlier,” said Rishi Raj Subedi, undersecretary of FHAN. According to Bikash Ratna Dhakwa, the chairman of the federation, FHAN is lobbying for the land to construct the lab. A three-member taskforce is formed for this purpose which comprises of member from the federation, department of customs and an expert.<br />
			 </div>
	</div>
	<div style="clear: both;">
		 </div>
</div>',
			'published' => true,
			'created' => '2010-12-23',
			'modified' => '2010-12-31',
			'keywords' => '',
			'description' => 'The Federation of Handicraft Association of Nepal (FHAN) is establishing a handicraft lab to test the quality of Nepali handicrafts.',
			'sortorder' => '37',
			'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' => '87',
			'article_category_id' => '34',
			'title' => 'Cleaning Solution From Giri Group',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div style="width: 595px;">
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;">
		<div style="text-align: justify;">
			Giri Group has come up with a laundry solution for the busy people of the Valley. The group will establish a huge laundry at Tilganga, the heart of Kathmandu, with an investment of Rs 200 million. “It will be the first modern laundry of Nepal with the capacity to wash 15 thousand pairs of clothes daily,” says Kishan Giri, Managing Director of the company.<br />
			The laundry will also introduce membership card for the households. “As per the need of the household, we can wash clothes twice a week,” says he.</div>
	</div>
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right; text-align: justify;">
		On the basis of the quantity of clothes, the company will charge Rs 1,000 to 1,500 per month. The customers of the laundry will also enjoy the facility of home delivery, Giri says.<br />
		The company will establish laundry collection centre at the major locations of the Valley like New Baneswor, Battisputali, Koteswor and Tinkune, etc. “The laundry is committed to return the clothes within a single day,” Giri shared. According to him, the laundry may hardly take two hours to wash, dry and iron the clothes.<br />
		 </div>
	<div style="clear: both; text-align: justify;">
		 </div>
</div>',
			'published' => true,
			'created' => '2010-12-23',
			'modified' => '2010-12-31',
			'keywords' => '',
			'description' => 'Giri Group has come up with a laundry solution for the busy people of the Valley. The group will establish a huge laundry at Tilganga, the heart of Kathmandu, with an investment of Rs 200 million.',
			'sortorder' => '36',
			'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' => '86',
			'article_category_id' => '34',
			'title' => 'Trikon-Starcom Joint Venture',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div style="width: 595px;">
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;">
		<div style="text-align: justify;">
			Trikon Advertising Service, one of the top advertising agencies of Nepal operating for nearly 25 years, has joined hands with internationally renowned media communications agency Starcom Worldwide which is based in Chicago. “After this agreement, Trikon will be performing internationally and will lead Nepali media to the highest level”, said Rajendra Aryal, the managing director of Trikon. Trikon will provide media planning and buying services in Nepal which will meet the high standards of quality and service acceptable to Starcom.</div>
	</div>
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right; text-align: justify;">
		Trikon Advertising Service, is already an official media agency of the BIG Cinemas, India’s largest cinema chain with 440 screens spread across India, USA, Malaysia, Europe and Nepal. <br />
		It will now operate its advertising business with a new logo. Starcom is a full-service global media division of Starcom Mediavest Group (SMG) with world-renowned expertise in communications, strategy, media buying and consumer research—leveraged on behalf of some world’s smartest marketers.<br />
		 </div>
	<div style="clear: both; text-align: justify;">
		 </div>
</div>',
			'published' => true,
			'created' => '2010-12-23',
			'modified' => '2010-12-31',
			'keywords' => '',
			'description' => '',
			'sortorder' => '35',
			'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' => '85',
			'article_category_id' => '34',
			'title' => 'MaHa Duo Brand Ambassador Of NLIC',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div style="width: 595px;">
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;">
		<div style="text-align: justify;">
			NLIC has signed up the famous artist duo of Madan Krishna Shrestha and Hari Bansa Acharya as the company’s brand ambassador for a period of two years. The company’s professional slogan is: ‘It’s good to have a life insurance, it’s better to get it from NLIC.<br />
			The company has been providing its insurance</div>
	</div>
	<div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right; text-align: justify;">
		services through different insurance schemes.The company expects that the duo will help in informing the public about the benefits of having an insurance policy. The d u o w i l l appear in the TV ads of the company that will be aired soon. Along with this, the pair will also be featured in ads in the print media.</div>
	<div style="clear: both; text-align: justify;">
		 </div>
</div>',
			'published' => true,
			'created' => '2010-12-23',
			'modified' => '2010-12-31',
			'keywords' => '',
			'description' => 'NLIC has signed up the famous artist duo of Madan Krishna Shrestha and Hari Bansa Acharya as the company’s brand ambassador for a period of two years.',
			'sortorder' => '34',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
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			'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