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



    if(!$xml = simplexml_load_file($file)){
$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
$dataForView = array(
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$articles = array(
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		'Article' => array(
			'id' => '9938',
			'article_category_id' => '266',
			'title' => 'NLOL Brings Accidental Insurance Scheme for its Retailers',
			'sub_title' => '',
			'summary' => 'February 3: Nepal Lube Oil Limited (NLOL), the distributor of Gulf Lubricants, has issued accidental insurance policy for its retailers.',
			'content' => '<p>
	February 3: Nepal Lube Oil Limited (NLOL), the distributor of Gulf Lubricants, has issued accidental insurance policy for its retailers. The company said that the accidental insurance scheme covers insurance for the retailers who are associated with the company with agreements for the sale of 1KL to 7.5 KL lubricants for the year 2075/76.</p>
<p>
	&ldquo;Our retailers are not just our customers but they are our business partners. It is the responsibility of the company to care for its partners though kind gesture in the form of accidental insurance policy,&rdquo; said Pradyumna Neupane, marketing and brand manager of NLOL.</p>
<p>
	NLOL said it has issued the accidental insurance policy for fiscal year 2075/76. This policy can be extended for next year based on the agreement with retailers and their performance, the company further said.</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
',
			'published' => true,
			'created' => '2019-02-03',
			'modified' => '2019-02-03',
			'keywords' => '',
			'description' => '',
			'sortorder' => '9708',
			'image' => '20190203113313_accidental.jpg',
			'article_date' => '2019-02-03 00:00:00',
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		'Article' => array(
			'id' => '9936',
			'article_category_id' => '1',
			'title' => 'NOC Hikes Prices of Petroleum Products',
			'sub_title' => '',
			'summary' => 'February 3: Nepal Oil Corporation (NOC) has increased the prices of petroleum products effective from Sunday, February 3. ',
			'content' => '<p>
	February 3: Nepal Oil Corporation (NOC) has increased the prices of petroleum products effective from Sunday, February 3. As per the new price adjustment coming into effect from midnight, petrol will cost Rs 110 per litre. Rastriya Samachar Samiti (RSS) reported that the price of petrol has been increased by Rs 2.25 per litre. Likewise, price of diesel has surged by Rs 4.28 to Rs 97 per litre. Kerosene&#39;s price has been adjusted to Rs 97 per litre. The NOC has not increased the price of cooking gas, however.</p>
<p>
	NOC Spokesperson Birendra Goit said that the price adjustment follows the government&#39;s provision to adjust price of petroleum products every fortnight. He further said that the state-run oil monopoly decided to hike the price after receiving a new price list from the Indian Oil Corporation on February 1.</p>
<p>
	&ldquo;NOC however missed the price adjustment the previous time due to various reasons,&rdquo; RSS quoted Goit as saying.</p>
<p>
	With the new price adjustment, the state-owned oil corporation could earn a profit of approximately Rs 1.16 billion in a period of 15 days, said an NOC official.</p>
<p>
	&nbsp;</p>
',
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			'created' => '2019-02-03',
			'modified' => '2019-02-03',
			'keywords' => '',
			'description' => '',
			'sortorder' => '9707',
			'image' => '20190203105730_NOC.jpg',
			'article_date' => '2019-02-03 00:00:00',
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		'Article' => array(
			'id' => '9935',
			'article_category_id' => '223',
			'title' => 'Qatar Airways to Convert 10 of its 50 Airbus A321neo to the Longer Range Airbus',
			'sub_title' => '',
			'summary' => ' February 1: Qatar Airways has announced that it will convert 10 of its 50 Airbus A321neo on order to the Airbus A321LR (long range) variant.',
			'content' => '<p>
	&lrm; February 1: Qatar Airways has announced that it will convert 10 of its 50 Airbus A321neo on order to the Airbus A321LR (long range) variant.</p>
<p>
	The A321LR is a type of A321neo, which has extra fuel tanks as well as a higher maximum take-off weight to give the aircraft additional range, Qatar Airways said in a statement.</p>
<p>
	The flag carrier of Qatar said it will use the A321LR to connect Doha to new growing markets where demand is not sufficient for wide body aircraft or where current narrow bodies (A320/A321) are unable to reach.</p>
<p>
	Qatar Airways said in a statement that the new aircraft will be alternatively adopted to provide additional frequencies on existing Qatar Airways routes, giving the passengers more choice and flexibility when they travel.</p>
<p>
	&nbsp;</p>
',
			'published' => true,
			'created' => '2019-02-01',
			'modified' => '2019-02-01',
			'keywords' => '',
			'description' => '',
			'sortorder' => '9706',
			'image' => '20190201044245_aasdfaf.jpg',
			'article_date' => '2019-02-01 00:00:00',
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		'Article' => array(
			'id' => '9934',
			'article_category_id' => '266',
			'title' => 'Opportunity to be part of Nepalese Street Food Franchise in Australia',
			'sub_title' => '',
			'summary' => 'February 1:  Everest Mo:Mo Australia has announced an opportunity for all to be a part of Nepalese street food chain franchise across Australia.',
			'content' => '<p>
	February 1:&nbsp; Everest Mo:Mo Australia has announced an opportunity for all to be a part of Nepalese street food chain franchise across Australia.</p>
<p>
	The organizers believe that the franchise of such kind will be undertaken for the first time to cater to the demands of the customers with 44 varieties of mo:mo, a popular Nepalese delicacy.</p>
<p>
	Everest Mo:Mo Australia said in a statement on January 31, Thursday, that it aims to offer the real taste from the lap of the Himalayas to rest of the world through the franchises. It aspires to take the cultural value of mo:mo to the streets of Australia and the hearts of its people with the franchises. The mo:mo makers also aim to serve the authentic taste of mo:mo to the food lovers in Australia through the skilled and passionate chefs.</p>
<p>
	The company said it believes in growing together and invited the willing partners to undertake the franchise in the cities of Auburn, Bondi Junction, Blacktown, Hornsby, Hurstville, Liverpool, Manly, Neutral Bay, Newton and Rockdale as it step on this new journey.</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
',
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			'sortorder' => '9705',
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		'Article' => array(
			'id' => '9927',
			'article_category_id' => '1',
			'title' => '‘Ice Climbing Festival-2019’ to Start from Saturday',
			'sub_title' => '',
			'summary' => 'February 1: Nepal’s first-ever ‘Ice Climbing Festival’ is scheduled to kick off on February 2 at Humde of Manag. ',
			'content' => '<p>
	February 1: Nepal&rsquo;s first-ever &lsquo;Ice Climbing Festival&rsquo; is scheduled to kick off on February 2 at Humde of Manag. The nine-day event which will conclude on February 10 is being organised with the objective to develop &lsquo;ice climbing&rsquo; as a new tourism attraction for the Visit Nepal Year 2020.</p>
<p>
	The organiser, Nepal Climbing Team, said that the main aim of the festival is to promote Nepal&rsquo;s tourism destinations at the national and international levels. The organiser claimed that the festival is being held for the first time in Nepal to disseminate the message that ice climbing can be done in any season. The organisers believe this will help in promoting tourism.</p>
<p>
	Bishnu Tamang of the organising committee said that the event will help in promoting adventure tourism as well. He said the event will impart positive message that ice climbing can be enjoyed in any season throughout the year while it will be a new product for the Visit Nepal Year 2020.</p>
<p>
	Krishna Kumar Aryal of Nepal Tourism Board (NTB) said that the event will help in developing Nepal as a destination for ice climbing.</p>
<p>
	The festival is promoted by NTB. The estimated cost of the event is said to be around Rs 1.8 million. &nbsp;</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
',
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			'created' => '2019-02-01',
			'modified' => '2019-02-01',
			'keywords' => '',
			'description' => '',
			'sortorder' => '9704',
			'image' => '20190201122937_Clipboard05.jpg',
			'article_date' => '2019-02-01 00:00:00',
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	(int) 5 => array(
		'Article' => array(
			'id' => '9933',
			'article_category_id' => '1',
			'title' => 'With investment of Rs 200 billion, Nepal becomes self-reliant in cement',
			'sub_title' => '',
			'summary' => 'February 1: With huge amount of national and foreign investments in cement industries, Nepal has become self-reliant in cement production from this year. ',
			'content' => '<p>
	February 1: With huge amount of national and foreign investments in cement industries, Nepal has become self-reliant in cement production from this year. According to industrialists, cement industries have received investment of around Rs 200 billion while this sector has the annual transaction of worth Rs 150 billion.</p>
<p>
	Rastriya Samachar Samiti (RSS) reported that chairman of Nepal Cement Producers&rsquo; Association Dhrubaraj Thapa claimed Nepal has become self-reliant in cement production from zero level in an interval of 16 years with the entry of the private sector in the production of cement. He added that Nepal is expected to export cement from the next fiscal year.</p>
<p>
	&ldquo;Compared to other sectors, cement industry has progressed in a speedy manner. This is a&nbsp; proud moment for Nepal. Now, the government should take steps to resolve the problems facing the cement industries,&rdquo; RSS quoted Thapa as saying.</p>
<p>
	Himal Cement Company first started production of cement in Nepal in 1960 but the private sector started investing in the cement industry only 16 years ago. Currently, there are 56 cement industries in Nepal including two state-owned companies-- Udayapur Cement Industry and Hetauda Cement Industry.</p>
<p>
	According to Thapa, the cement factories in the country produced 9 million tonnes of cement in the last fiscal year having total production capacity of 13 million tonnes. Likewise, the country imported meager five percent of cement requirement during the same period. However, industrialists claim that the cost of cement production in Nepal is one of the highest in the world and lack of sufficient raw materials and coal is responsible for the high cost, it is said.</p>
<p>
	The industrialists have argued that frequent changes in policies, problems in labour laws, compulsion to hire foreign human resources, hassles in regard to mines and forest sectors, debate about taxation in between local and province levels and some other issues are the key problems in this sector, RSS reported.</p>
<p>
	Engineer at Department of Mines and Geology Jayaraj Ghimire said that programmes to promote limestone would be initiated in Nepal adding that a total of 168 industries are given license to extract limestone.</p>
<p>
	Likewise, Minister for Industry, Commerce and Supplies Matrika Prasad Yadav said that the government was planning to further develop the cement industries by amending the legal hassles existing since past. He also urged the stakeholders for cooperation and consultation, stating that prosperity is not likely without development of industries and partnership with the private sector.</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
',
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			'created' => '2019-02-01',
			'modified' => '2019-02-01',
			'keywords' => '',
			'description' => '',
			'sortorder' => '9703',
			'image' => '20190201021308_maxresdefault.jpg',
			'article_date' => '2019-02-01 00:00:00',
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		'Article' => array(
			'id' => '9931',
			'article_category_id' => '1',
			'title' => '‘Incubation and Innovation Should be Backed by Government Policies’',
			'sub_title' => '',
			'summary' => 'February 1 : Participants of a panel discussion on the topic “Facing our Time’ stressed the need for changing our energy consumption and behavior pattern and for new government policies in the current context.',
			'content' => '<p>
	February 1&nbsp;: Participants of a panel discussion on the topic &ldquo;Facing our Time&rsquo; stressed the need for changing our energy consumption and behavior pattern and for new government policies in the current context.</p>
<p>
	Speaking at the event organised by the French Embassy in Kathmandu on Thursday, January 31, one of the panelists, Shiwani Neupane, said that the incubation and innovation should be backed by government policies.</p>
<p>
	Likewise, Camille Hanesse, the founder of Cosy Nepal, linked heritage conservation to employment and remarked that heritage conservation is a great opportunity for young people in terms of job creation.</p>
<p>
	Atmospheric scientist Arnico Panday said that with accelerating activities and consumerism, we have limited time to stabilize the climate. Therefore, a major switch is needed in our energy consumption and behavior pattern, which can be a major business opportunity for emerging ventures, he said.</p>
<p>
	According to a statement issued by the French Embassy, the attendees included heads of missions and representatives from various embassies, senior officers from the Government of Nepal, researchers, students, and media representatives.</p>
<p>
	The French Embassy said that the event was organised in collaboration with Nepal Economic Forum and the Alliance Fran&ccedil;aise &ldquo;to stimulate thinking and get the ideas and knowledge flowing&rdquo;.</p>
<p>
	The event was held to commemorate 70 years of diplomatic relation between Nepal and France.</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
',
			'published' => true,
			'created' => '2019-02-01',
			'modified' => '2019-02-01',
			'keywords' => '',
			'description' => '',
			'sortorder' => '9702',
			'image' => '20190201014707_20190131_154822.jpg',
			'article_date' => '2019-02-01 00:00:00',
			'homepage' => false,
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	(int) 7 => array(
		'Article' => array(
			'id' => '9930',
			'article_category_id' => '266',
			'title' => 'Hyundai Launches New Electric SUV',
			'sub_title' => '',
			'summary' => 'February 1: Laxmi Intercontinental Pvt Ltd, the authorized distributor of Hyundai motors in Nepal, has launched a new electric car, Kona EV.',
			'content' => '<div>
	February 1: Laxmi Intercontinental Pvt Ltd, the authorized distributor of Hyundai motors in Nepal, has launched a new electric car, Kona EV. According to the company, the newly launched vehicle is the first fully-electric subcompact SUV that features a unique exterior design with a dedicated center console in the interior for intuitive operation of the shift-by-wire module.</div>
<div>
	&nbsp;</div>
<div>
	Laxmi Intercontinental said in a statement that Kona EV is an all-purpose car with unique design and cutting-edge technology which makes it ideal for everybody. The introductory price for the car in Nepal is Rs 5.19 million.</div>
<div>
	&nbsp;</div>
<div>
	The new EV generates power of 135 PS. The front wheels are powered by a 39.2-kWh lithium-ion polymer battery pack. It has impressive electric driving range of over 300 kilometers (inclusive of regenerative braking effect) on a single charge, said the company.</div>
<div>
	&nbsp;</div>
<div>
	According to the company, the main features of Kona EV include discrete top-bottom LED DRLs and headlamps, concealed front charge port, LED rear lamps, electric parking brake&nbsp; (EPB) with autohold, paddle shifter, heated and ventilated front seats, wireless phone charger, six airbags (front and side, thorax and pelvis), hill assist control (HAC) etc.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&ldquo;Kona EV is a significant leap forward for Hyundai as it intensifies its commitment to produce highly efficient and eco-friendly vehicles. Hyundai is ready to deliver diverse eco-friendly cars for aspiring customers without compromising on driving dynamics, looks and performance,&rdquo; the statement added.</div>
<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
',
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			'created' => '2019-02-01',
			'modified' => '2019-02-01',
			'keywords' => '',
			'description' => '',
			'sortorder' => '9701',
			'image' => '20190201011314_Kona-1005.jpg',
			'article_date' => '2019-02-01 00:00:00',
			'homepage' => false,
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	(int) 8 => array(
		'Article' => array(
			'id' => '9932',
			'article_category_id' => '1',
			'title' => '3 Industries to Start Production in Bhairahawa SEZ',
			'sub_title' => '',
			'summary' => 'February 1: It has been learnt that the three industries, which are registered in the Special Economic Zone (SEZ) of Bhairahawa, are about to start operation. ',
			'content' => '<p>
	February 1: It has been learnt that the three industries, which are registered in the Special Economic Zone (SEZ) of Bhairahawa, are about to start operation. Shakti Minerals will start test production from next week, it informed New Business Age.</p>
<p>
	&ldquo;Works in the plant section are about to be completed,&rdquo; said project head of the industry, Laxman Thakuri. He claimed that the industry is first of its kind in Nepal, and has been established with an investment of Rs 400 million.</p>
<p>
	The industry aims to produce dolomite (a substance used to produce paints) and flux (used in iron plants) and export them to India and third countries.</p>
<p>
	According to Deepak Jha, promoter of the industry, the government had announced to exempt customs duty for the industries in the SEZ, but Shakti Minerals had to pay Rs 20 million as customs duty to import machineries.</p>
<p>
	He said the lack of coordination between the ministries have affected the industries. Bhairahawa SEZ is spread across 54&nbsp;<em>bigaha </em>land. Likewise, a total of 19 industries will be operating 39 plants in the area. &nbsp;&nbsp;</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
',
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			'created' => '2019-02-01',
			'modified' => '2019-02-01',
			'keywords' => '',
			'description' => '',
			'sortorder' => '9700',
			'image' => '20190201015612_sej pic  (2).jpg',
			'article_date' => '2019-02-01 00:00:00',
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	(int) 9 => array(
		'Article' => array(
			'id' => '9929',
			'article_category_id' => '266',
			'title' => 'Gandaki Bikas Bank Opens New Branch',
			'sub_title' => '',
			'summary' => 'February 1: Gandaki Bikas Bank has opened a new branch at Manpakadi of Rupandehi district. ',
			'content' => '<p>
	February 1: Gandaki Bikas Bank has opened a new branch at Manpakadi of Rupandehi district. Tulsi Prasad Chaudhary, provincial assembly member of Province 5, inaugurated the branch amid a recent function.</p>
<p>
	The bank has been providing its services through 77 branches. The bank said in a statement that it offers different banking services including deposit facility with attractive interest rate, credit schemes, ABBS, ATM, C-ASBA, IPS, mobile banking, locker service, remittance service among others to its customers. &nbsp;&nbsp;</p>
<p>
	&nbsp;</p>
',
			'published' => true,
			'created' => '2019-02-01',
			'modified' => '2019-02-01',
			'keywords' => '',
			'description' => '',
			'sortorder' => '9699',
			'image' => '20190201010148_gandaki.jpg',
			'article_date' => '2019-02-01 00:00:00',
			'homepage' => false,
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	(int) 10 => array(
		'Article' => array(
			'id' => '9928',
			'article_category_id' => '1',
			'title' => 'Business Community Demands Slash in Interest Rate',
			'sub_title' => '',
			'summary' => 'February 1: The industrialists and traders in Biratnagar have asked the government to immediately reduce the high interest rate charged by the banks and financial institutions (BFIs) to the borrowers.',
			'content' => '<p>
	February 1: The industrialists and traders in Biratnagar have asked the government to immediately reduce the high interest rate charged by the banks and financial institutions (BFIs) to the borrowers.</p>
<p>
	They argued that the interest rate should be around seven percent for the production-based industries and up to nine percent for the trading firms, according to a news report published by Rastriya Samachar Samiti (RSS).</p>
<p>
	The business community of eastern Nepal drew the attention of the government to that end at a programme jointly organised by the Industry Association Morang and the Trade Association Morang on Thursday, January 31.</p>
<p>
	Stressing the need for slashing the interest rate, they also argued that the central bank should realise the ground reality that no bank was running on loss.</p>
<p>
	According to RSS, the industrialists and businesspersons said that industries and businesses should flourish to reduce the trade deficit, strengthen the economy and create more job opportunities.</p>
<p>
	Industrialists Bhim Ghimire, Pawan Kumar Sharada, Sushen Pyakurel, Moti Dugad among others said that the interest rates of banks should be less in order to increase domestic investment and lure foreign investment.</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
',
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		'Article' => array(
			'id' => '9926',
			'article_category_id' => '266',
			'title' => 'Deurali-Janta Pharmaceuticals to Produce new Drugs as it Turns 29',
			'sub_title' => '',
			'summary' => 'February 1: Deurali-Janta Pharmaceuticals, one of the leading pharmaceutical industries of Nepal, has announced to produce drugs for nerve disorder and psychotherapy in the coming days. ',
			'content' => '<p>
	February 1: Deurali-Janta Pharmaceuticals, one of the leading pharmaceutical industries of Nepal, has announced to produce drugs for nerve disorder and psychotherapy in the coming days. Currently, the industry has been producing 320 kinds of drugs.&nbsp;</p>
<pre>
Speaking at the 28th anniversary of the industry, Haribhakta Sharma, executive director of Deurali-Janta, said that the industry has been moving forward by developing research centre with modern equipment to produce to produce and develop drugs in Nepal. He demanded old laws to be amended as the domestic industry has been unable to develop as per the expectation because of government&rsquo;s unclear policy.&nbsp;&nbsp; &nbsp;</pre>
<pre>
Sharma informed that the company has been investing on research and developing drugs that are important in the context of Nepal. </pre>
<pre>
&ldquo;Old policies are still in practice. When will those acts be revised? This is the question of the industrialists,&rdquo; he said, demanding the government to enable Nepali entrepreneurs to invest in foreign countries. </pre>
',
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			'created' => '2019-02-01',
			'modified' => '2019-02-01',
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		'Article' => array(
			'id' => '9922',
			'article_category_id' => '1',
			'title' => 'REBAN, Workers Lock Horns over Scrapping of Service Charge',
			'sub_title' => '',
			'summary' => 'January 31: A confrontation has ensued between the Restaurant and Bar Association Nepal (REBAN) and restaurant workers affiliated to various trade unions after REBAN scrapped the 10 percent service charge which the workers had been getting since the last 11 years.',
			'content' => '<p>
	January 31: A confrontation has ensued between the Restaurant and Bar Association Nepal (REBAN) and restaurant workers affiliated to various trade unions after REBAN scrapped the 10 percent service charge which the workers had been getting since the last 11 years.</p>
<p>
	The association of restaurant owners on January 28 decided unilaterally to get rid of the facility which the workers had been enjoying by pointing to the consumers&rsquo; dissatisfaction toward exorbitant prices at eateries and the introduction of the social security fund.</p>
<p>
	The service charge was in effect since 2006 following an agreement between restaurant and hotel workers affiliated to various trade unions, REBAN and Hotel Association of Nepal (HAN).</p>
<p>
	Following the agreement, each employee working at hotels and restaurant had been getting between Rs 12,000 to Rs 25,000 per month in an average. Especially, workers of KFC, Nanglo and Roadhouse Caf&eacute; have been earning the most from the 10 percent service charge.</p>
<p>
	Following the agreement, each worker at present has been receiving average Rs 12,000 to 25,000. Workers are getting more payment via the agreement especially from KFC, Nanglo, and Roadside Restaurant and Bar.</p>
<p>
	Madhav Pandey, president of All Nepal Hotel Casino and Restaurant Workers&rsquo; Union, said it is unfair for the restaurant owners to do away with the service charge unilaterally under the pretext of social security scheme coming into effect soon.</p>
<p>
	&nbsp;Pradip Kumar Jaiswal, president of REBAN, said that the association won&rsquo;t step back for its decision. Jaiswal said that REBAN announced the scrapping of the service charge following complaints from the consumers regarding high cost and degrading service provided by restaurants and bars.</p>
<p>
	&nbsp;</p>
',
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			'created' => '2019-01-31',
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			'description' => '',
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			'article_date' => '2019-01-31 00:00:00',
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	(int) 13 => array(
		'Article' => array(
			'id' => '9925',
			'article_category_id' => '1',
			'title' => 'World Bank to Help Scale Up Renewable Energy in Nepal',
			'sub_title' => '',
			'summary' => 'January 30: The World Bank (WB) has approved the Strategic Climate Fund (SCF) grant of US$ 5.61 million and SCF loan amounting to US$ 2 million to help Nepal diversify its renewable energies, it said in a statement.',
			'content' => '<p>
	January 30: The World Bank (WB) has approved the Strategic Climate Fund (SCF) grant of US$ 5.61 million and SCF loan amounting to US$ 2 million to help Nepal diversify its renewable energies, it said in a statement.</p>
<p>
	According to the WB, the SCF grant and credit will support the private sector-led Mini-Grid Energy Access Project, which aims to mobilize energy-service companies in selected regions of the country to increase capacity of renewable energy mini-grids.</p>
<p>
	&ldquo;One component of the project will provide credit facility to the private sector to support renewable mini-grid sub-projects, and help the sector prosper and expand,&rdquo; said Subodh Adhikari, senior energy specialist and task team leader of the project at the World Bank.</p>
<p>
	&ldquo;The second component will provide technical assistance to the mini-grid sector, energy-service companies and partner banks to ensure smooth and sustainable implementation,&rdquo; he added.&nbsp;</p>
<p>
	According to the WB, the Project is aligned to the efforts of the Government of Nepal to address barriers to private sector participation in the renewable energy mini-grid sector. The project aims at addressing these barriers by successfully demonstrating new approaches that will promote public-private partnerships (PPPs). Private entities and cooperatives will be mobilized to provide electricity services to rural areas as &ldquo;energy service companies&rdquo; (ESCOs), the statement added.</p>
<p>
	&ldquo;These specialized ESCOs will crowd-in the necessary technical expertise and financing capacity to develop, build, own and operate renewable mini-grid projects. They will have access to better credit terms and stronger project development support through the project,&rdquo; the statement adds.</p>
<p>
	&ldquo;This Project will tap in the vast business opportunities and technical potential for the private sector to provide more efficient and sustainable energy services in Nepal,&rdquo; said Faris Hadad-Zervos, World Bank&rsquo;s country manager for Nepal.</p>
<p>
	&ldquo;It is directly linked to the Government of Nepal&rsquo;s effort for greater private sector management and commercial financing through public-private partnerships, and the World Bank&rsquo;s mission of maximizing all financial opportunities for development,&rdquo; he added.</p>
<p>
	&ldquo;The Project aims to improve the overall energy supply situation in Nepal by promoting renewable energy solutions, including the opportunities to capture private sector efficiencies through PPPs,&rdquo; the statement reads.</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
',
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	(int) 14 => array(
		'Article' => array(
			'id' => '9923',
			'article_category_id' => '266',
			'title' => 'New Branch of Garima Bikas Bank',
			'sub_title' => '',
			'summary' => 'January 31: Garima Bikas Bank has opened a new branch at Indreni Complex in Baneshwar, Kathmandu.',
			'content' => '<p>
	January 31: Garima Bikas Bank has opened a new branch at Indreni Complex in Baneshwar, Kathmandu. The branch was inaugurated by Deputy Governor of Nepal Rastra Bank (NRB) Shiva Raj Shrestha.</p>
<p>
	According to the bank&rsquo;s CEO Govindra Prasad Dhakal, the bank is planning to open other new branches across the country. &nbsp;</p>
<p>
	Currently, the bank is providing services through eight branches inside the Kathmandu valley and 66 branches across the country. The bank has a total of 15 ATM outlets across the country. &nbsp;</p>
<p>
	&nbsp;</p>
',
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			'sortorder' => '9694',
			'image' => '20190131041404_garima bank banewsor branch opening photo.jpg',
			'article_date' => '2019-01-31 00:00:00',
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$current_user = null
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include - APP/View/Elements/side_bar.ctp, line 60
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/index.ctp, line 157
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117

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



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$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
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$articles = array(
	(int) 0 => array(
		'Article' => array(
			'id' => '9938',
			'article_category_id' => '266',
			'title' => 'NLOL Brings Accidental Insurance Scheme for its Retailers',
			'sub_title' => '',
			'summary' => 'February 3: Nepal Lube Oil Limited (NLOL), the distributor of Gulf Lubricants, has issued accidental insurance policy for its retailers.',
			'content' => '<p>
	February 3: Nepal Lube Oil Limited (NLOL), the distributor of Gulf Lubricants, has issued accidental insurance policy for its retailers. The company said that the accidental insurance scheme covers insurance for the retailers who are associated with the company with agreements for the sale of 1KL to 7.5 KL lubricants for the year 2075/76.</p>
<p>
	&ldquo;Our retailers are not just our customers but they are our business partners. It is the responsibility of the company to care for its partners though kind gesture in the form of accidental insurance policy,&rdquo; said Pradyumna Neupane, marketing and brand manager of NLOL.</p>
<p>
	NLOL said it has issued the accidental insurance policy for fiscal year 2075/76. This policy can be extended for next year based on the agreement with retailers and their performance, the company further said.</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
',
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			'created' => '2019-02-03',
			'modified' => '2019-02-03',
			'keywords' => '',
			'description' => '',
			'sortorder' => '9708',
			'image' => '20190203113313_accidental.jpg',
			'article_date' => '2019-02-03 00:00:00',
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	(int) 1 => array(
		'Article' => array(
			'id' => '9936',
			'article_category_id' => '1',
			'title' => 'NOC Hikes Prices of Petroleum Products',
			'sub_title' => '',
			'summary' => 'February 3: Nepal Oil Corporation (NOC) has increased the prices of petroleum products effective from Sunday, February 3. ',
			'content' => '<p>
	February 3: Nepal Oil Corporation (NOC) has increased the prices of petroleum products effective from Sunday, February 3. As per the new price adjustment coming into effect from midnight, petrol will cost Rs 110 per litre. Rastriya Samachar Samiti (RSS) reported that the price of petrol has been increased by Rs 2.25 per litre. Likewise, price of diesel has surged by Rs 4.28 to Rs 97 per litre. Kerosene&#39;s price has been adjusted to Rs 97 per litre. The NOC has not increased the price of cooking gas, however.</p>
<p>
	NOC Spokesperson Birendra Goit said that the price adjustment follows the government&#39;s provision to adjust price of petroleum products every fortnight. He further said that the state-run oil monopoly decided to hike the price after receiving a new price list from the Indian Oil Corporation on February 1.</p>
<p>
	&ldquo;NOC however missed the price adjustment the previous time due to various reasons,&rdquo; RSS quoted Goit as saying.</p>
<p>
	With the new price adjustment, the state-owned oil corporation could earn a profit of approximately Rs 1.16 billion in a period of 15 days, said an NOC official.</p>
<p>
	&nbsp;</p>
',
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			'created' => '2019-02-03',
			'modified' => '2019-02-03',
			'keywords' => '',
			'description' => '',
			'sortorder' => '9707',
			'image' => '20190203105730_NOC.jpg',
			'article_date' => '2019-02-03 00:00:00',
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	(int) 2 => array(
		'Article' => array(
			'id' => '9935',
			'article_category_id' => '223',
			'title' => 'Qatar Airways to Convert 10 of its 50 Airbus A321neo to the Longer Range Airbus',
			'sub_title' => '',
			'summary' => ' February 1: Qatar Airways has announced that it will convert 10 of its 50 Airbus A321neo on order to the Airbus A321LR (long range) variant.',
			'content' => '<p>
	&lrm; February 1: Qatar Airways has announced that it will convert 10 of its 50 Airbus A321neo on order to the Airbus A321LR (long range) variant.</p>
<p>
	The A321LR is a type of A321neo, which has extra fuel tanks as well as a higher maximum take-off weight to give the aircraft additional range, Qatar Airways said in a statement.</p>
<p>
	The flag carrier of Qatar said it will use the A321LR to connect Doha to new growing markets where demand is not sufficient for wide body aircraft or where current narrow bodies (A320/A321) are unable to reach.</p>
<p>
	Qatar Airways said in a statement that the new aircraft will be alternatively adopted to provide additional frequencies on existing Qatar Airways routes, giving the passengers more choice and flexibility when they travel.</p>
<p>
	&nbsp;</p>
',
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			'created' => '2019-02-01',
			'modified' => '2019-02-01',
			'keywords' => '',
			'description' => '',
			'sortorder' => '9706',
			'image' => '20190201044245_aasdfaf.jpg',
			'article_date' => '2019-02-01 00:00:00',
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	(int) 3 => array(
		'Article' => array(
			'id' => '9934',
			'article_category_id' => '266',
			'title' => 'Opportunity to be part of Nepalese Street Food Franchise in Australia',
			'sub_title' => '',
			'summary' => 'February 1:  Everest Mo:Mo Australia has announced an opportunity for all to be a part of Nepalese street food chain franchise across Australia.',
			'content' => '<p>
	February 1:&nbsp; Everest Mo:Mo Australia has announced an opportunity for all to be a part of Nepalese street food chain franchise across Australia.</p>
<p>
	The organizers believe that the franchise of such kind will be undertaken for the first time to cater to the demands of the customers with 44 varieties of mo:mo, a popular Nepalese delicacy.</p>
<p>
	Everest Mo:Mo Australia said in a statement on January 31, Thursday, that it aims to offer the real taste from the lap of the Himalayas to rest of the world through the franchises. It aspires to take the cultural value of mo:mo to the streets of Australia and the hearts of its people with the franchises. The mo:mo makers also aim to serve the authentic taste of mo:mo to the food lovers in Australia through the skilled and passionate chefs.</p>
<p>
	The company said it believes in growing together and invited the willing partners to undertake the franchise in the cities of Auburn, Bondi Junction, Blacktown, Hornsby, Hurstville, Liverpool, Manly, Neutral Bay, Newton and Rockdale as it step on this new journey.</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
',
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	(int) 4 => array(
		'Article' => array(
			'id' => '9927',
			'article_category_id' => '1',
			'title' => '‘Ice Climbing Festival-2019’ to Start from Saturday',
			'sub_title' => '',
			'summary' => 'February 1: Nepal’s first-ever ‘Ice Climbing Festival’ is scheduled to kick off on February 2 at Humde of Manag. ',
			'content' => '<p>
	February 1: Nepal&rsquo;s first-ever &lsquo;Ice Climbing Festival&rsquo; is scheduled to kick off on February 2 at Humde of Manag. The nine-day event which will conclude on February 10 is being organised with the objective to develop &lsquo;ice climbing&rsquo; as a new tourism attraction for the Visit Nepal Year 2020.</p>
<p>
	The organiser, Nepal Climbing Team, said that the main aim of the festival is to promote Nepal&rsquo;s tourism destinations at the national and international levels. The organiser claimed that the festival is being held for the first time in Nepal to disseminate the message that ice climbing can be done in any season. The organisers believe this will help in promoting tourism.</p>
<p>
	Bishnu Tamang of the organising committee said that the event will help in promoting adventure tourism as well. He said the event will impart positive message that ice climbing can be enjoyed in any season throughout the year while it will be a new product for the Visit Nepal Year 2020.</p>
<p>
	Krishna Kumar Aryal of Nepal Tourism Board (NTB) said that the event will help in developing Nepal as a destination for ice climbing.</p>
<p>
	The festival is promoted by NTB. The estimated cost of the event is said to be around Rs 1.8 million. &nbsp;</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
',
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			'created' => '2019-02-01',
			'modified' => '2019-02-01',
			'keywords' => '',
			'description' => '',
			'sortorder' => '9704',
			'image' => '20190201122937_Clipboard05.jpg',
			'article_date' => '2019-02-01 00:00:00',
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	(int) 5 => array(
		'Article' => array(
			'id' => '9933',
			'article_category_id' => '1',
			'title' => 'With investment of Rs 200 billion, Nepal becomes self-reliant in cement',
			'sub_title' => '',
			'summary' => 'February 1: With huge amount of national and foreign investments in cement industries, Nepal has become self-reliant in cement production from this year. ',
			'content' => '<p>
	February 1: With huge amount of national and foreign investments in cement industries, Nepal has become self-reliant in cement production from this year. According to industrialists, cement industries have received investment of around Rs 200 billion while this sector has the annual transaction of worth Rs 150 billion.</p>
<p>
	Rastriya Samachar Samiti (RSS) reported that chairman of Nepal Cement Producers&rsquo; Association Dhrubaraj Thapa claimed Nepal has become self-reliant in cement production from zero level in an interval of 16 years with the entry of the private sector in the production of cement. He added that Nepal is expected to export cement from the next fiscal year.</p>
<p>
	&ldquo;Compared to other sectors, cement industry has progressed in a speedy manner. This is a&nbsp; proud moment for Nepal. Now, the government should take steps to resolve the problems facing the cement industries,&rdquo; RSS quoted Thapa as saying.</p>
<p>
	Himal Cement Company first started production of cement in Nepal in 1960 but the private sector started investing in the cement industry only 16 years ago. Currently, there are 56 cement industries in Nepal including two state-owned companies-- Udayapur Cement Industry and Hetauda Cement Industry.</p>
<p>
	According to Thapa, the cement factories in the country produced 9 million tonnes of cement in the last fiscal year having total production capacity of 13 million tonnes. Likewise, the country imported meager five percent of cement requirement during the same period. However, industrialists claim that the cost of cement production in Nepal is one of the highest in the world and lack of sufficient raw materials and coal is responsible for the high cost, it is said.</p>
<p>
	The industrialists have argued that frequent changes in policies, problems in labour laws, compulsion to hire foreign human resources, hassles in regard to mines and forest sectors, debate about taxation in between local and province levels and some other issues are the key problems in this sector, RSS reported.</p>
<p>
	Engineer at Department of Mines and Geology Jayaraj Ghimire said that programmes to promote limestone would be initiated in Nepal adding that a total of 168 industries are given license to extract limestone.</p>
<p>
	Likewise, Minister for Industry, Commerce and Supplies Matrika Prasad Yadav said that the government was planning to further develop the cement industries by amending the legal hassles existing since past. He also urged the stakeholders for cooperation and consultation, stating that prosperity is not likely without development of industries and partnership with the private sector.</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
',
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			'created' => '2019-02-01',
			'modified' => '2019-02-01',
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			'sortorder' => '9703',
			'image' => '20190201021308_maxresdefault.jpg',
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	(int) 6 => array(
		'Article' => array(
			'id' => '9931',
			'article_category_id' => '1',
			'title' => '‘Incubation and Innovation Should be Backed by Government Policies’',
			'sub_title' => '',
			'summary' => 'February 1 : Participants of a panel discussion on the topic “Facing our Time’ stressed the need for changing our energy consumption and behavior pattern and for new government policies in the current context.',
			'content' => '<p>
	February 1&nbsp;: Participants of a panel discussion on the topic &ldquo;Facing our Time&rsquo; stressed the need for changing our energy consumption and behavior pattern and for new government policies in the current context.</p>
<p>
	Speaking at the event organised by the French Embassy in Kathmandu on Thursday, January 31, one of the panelists, Shiwani Neupane, said that the incubation and innovation should be backed by government policies.</p>
<p>
	Likewise, Camille Hanesse, the founder of Cosy Nepal, linked heritage conservation to employment and remarked that heritage conservation is a great opportunity for young people in terms of job creation.</p>
<p>
	Atmospheric scientist Arnico Panday said that with accelerating activities and consumerism, we have limited time to stabilize the climate. Therefore, a major switch is needed in our energy consumption and behavior pattern, which can be a major business opportunity for emerging ventures, he said.</p>
<p>
	According to a statement issued by the French Embassy, the attendees included heads of missions and representatives from various embassies, senior officers from the Government of Nepal, researchers, students, and media representatives.</p>
<p>
	The French Embassy said that the event was organised in collaboration with Nepal Economic Forum and the Alliance Fran&ccedil;aise &ldquo;to stimulate thinking and get the ideas and knowledge flowing&rdquo;.</p>
<p>
	The event was held to commemorate 70 years of diplomatic relation between Nepal and France.</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
',
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			'created' => '2019-02-01',
			'modified' => '2019-02-01',
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			'sortorder' => '9702',
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	(int) 7 => array(
		'Article' => array(
			'id' => '9930',
			'article_category_id' => '266',
			'title' => 'Hyundai Launches New Electric SUV',
			'sub_title' => '',
			'summary' => 'February 1: Laxmi Intercontinental Pvt Ltd, the authorized distributor of Hyundai motors in Nepal, has launched a new electric car, Kona EV.',
			'content' => '<div>
	February 1: Laxmi Intercontinental Pvt Ltd, the authorized distributor of Hyundai motors in Nepal, has launched a new electric car, Kona EV. According to the company, the newly launched vehicle is the first fully-electric subcompact SUV that features a unique exterior design with a dedicated center console in the interior for intuitive operation of the shift-by-wire module.</div>
<div>
	&nbsp;</div>
<div>
	Laxmi Intercontinental said in a statement that Kona EV is an all-purpose car with unique design and cutting-edge technology which makes it ideal for everybody. The introductory price for the car in Nepal is Rs 5.19 million.</div>
<div>
	&nbsp;</div>
<div>
	The new EV generates power of 135 PS. The front wheels are powered by a 39.2-kWh lithium-ion polymer battery pack. It has impressive electric driving range of over 300 kilometers (inclusive of regenerative braking effect) on a single charge, said the company.</div>
<div>
	&nbsp;</div>
<div>
	According to the company, the main features of Kona EV include discrete top-bottom LED DRLs and headlamps, concealed front charge port, LED rear lamps, electric parking brake&nbsp; (EPB) with autohold, paddle shifter, heated and ventilated front seats, wireless phone charger, six airbags (front and side, thorax and pelvis), hill assist control (HAC) etc.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&ldquo;Kona EV is a significant leap forward for Hyundai as it intensifies its commitment to produce highly efficient and eco-friendly vehicles. Hyundai is ready to deliver diverse eco-friendly cars for aspiring customers without compromising on driving dynamics, looks and performance,&rdquo; the statement added.</div>
<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
',
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			'created' => '2019-02-01',
			'modified' => '2019-02-01',
			'keywords' => '',
			'description' => '',
			'sortorder' => '9701',
			'image' => '20190201011314_Kona-1005.jpg',
			'article_date' => '2019-02-01 00:00:00',
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	(int) 8 => array(
		'Article' => array(
			'id' => '9932',
			'article_category_id' => '1',
			'title' => '3 Industries to Start Production in Bhairahawa SEZ',
			'sub_title' => '',
			'summary' => 'February 1: It has been learnt that the three industries, which are registered in the Special Economic Zone (SEZ) of Bhairahawa, are about to start operation. ',
			'content' => '<p>
	February 1: It has been learnt that the three industries, which are registered in the Special Economic Zone (SEZ) of Bhairahawa, are about to start operation. Shakti Minerals will start test production from next week, it informed New Business Age.</p>
<p>
	&ldquo;Works in the plant section are about to be completed,&rdquo; said project head of the industry, Laxman Thakuri. He claimed that the industry is first of its kind in Nepal, and has been established with an investment of Rs 400 million.</p>
<p>
	The industry aims to produce dolomite (a substance used to produce paints) and flux (used in iron plants) and export them to India and third countries.</p>
<p>
	According to Deepak Jha, promoter of the industry, the government had announced to exempt customs duty for the industries in the SEZ, but Shakti Minerals had to pay Rs 20 million as customs duty to import machineries.</p>
<p>
	He said the lack of coordination between the ministries have affected the industries. Bhairahawa SEZ is spread across 54&nbsp;<em>bigaha </em>land. Likewise, a total of 19 industries will be operating 39 plants in the area. &nbsp;&nbsp;</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
',
			'published' => true,
			'created' => '2019-02-01',
			'modified' => '2019-02-01',
			'keywords' => '',
			'description' => '',
			'sortorder' => '9700',
			'image' => '20190201015612_sej pic  (2).jpg',
			'article_date' => '2019-02-01 00:00:00',
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	(int) 9 => array(
		'Article' => array(
			'id' => '9929',
			'article_category_id' => '266',
			'title' => 'Gandaki Bikas Bank Opens New Branch',
			'sub_title' => '',
			'summary' => 'February 1: Gandaki Bikas Bank has opened a new branch at Manpakadi of Rupandehi district. ',
			'content' => '<p>
	February 1: Gandaki Bikas Bank has opened a new branch at Manpakadi of Rupandehi district. Tulsi Prasad Chaudhary, provincial assembly member of Province 5, inaugurated the branch amid a recent function.</p>
<p>
	The bank has been providing its services through 77 branches. The bank said in a statement that it offers different banking services including deposit facility with attractive interest rate, credit schemes, ABBS, ATM, C-ASBA, IPS, mobile banking, locker service, remittance service among others to its customers. &nbsp;&nbsp;</p>
<p>
	&nbsp;</p>
',
			'published' => true,
			'created' => '2019-02-01',
			'modified' => '2019-02-01',
			'keywords' => '',
			'description' => '',
			'sortorder' => '9699',
			'image' => '20190201010148_gandaki.jpg',
			'article_date' => '2019-02-01 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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			'in_scroller' => null,
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	),
	(int) 10 => array(
		'Article' => array(
			'id' => '9928',
			'article_category_id' => '1',
			'title' => 'Business Community Demands Slash in Interest Rate',
			'sub_title' => '',
			'summary' => 'February 1: The industrialists and traders in Biratnagar have asked the government to immediately reduce the high interest rate charged by the banks and financial institutions (BFIs) to the borrowers.',
			'content' => '<p>
	February 1: The industrialists and traders in Biratnagar have asked the government to immediately reduce the high interest rate charged by the banks and financial institutions (BFIs) to the borrowers.</p>
<p>
	They argued that the interest rate should be around seven percent for the production-based industries and up to nine percent for the trading firms, according to a news report published by Rastriya Samachar Samiti (RSS).</p>
<p>
	The business community of eastern Nepal drew the attention of the government to that end at a programme jointly organised by the Industry Association Morang and the Trade Association Morang on Thursday, January 31.</p>
<p>
	Stressing the need for slashing the interest rate, they also argued that the central bank should realise the ground reality that no bank was running on loss.</p>
<p>
	According to RSS, the industrialists and businesspersons said that industries and businesses should flourish to reduce the trade deficit, strengthen the economy and create more job opportunities.</p>
<p>
	Industrialists Bhim Ghimire, Pawan Kumar Sharada, Sushen Pyakurel, Moti Dugad among others said that the interest rates of banks should be less in order to increase domestic investment and lure foreign investment.</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
',
			'published' => true,
			'created' => '2019-02-01',
			'modified' => '2019-02-01',
			'keywords' => '',
			'description' => '',
			'sortorder' => '9698',
			'image' => '20190201125513_aaa.jpg',
			'article_date' => '2019-02-01 00:00:00',
			'homepage' => false,
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			'in_scroller' => null,
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	(int) 11 => array(
		'Article' => array(
			'id' => '9926',
			'article_category_id' => '266',
			'title' => 'Deurali-Janta Pharmaceuticals to Produce new Drugs as it Turns 29',
			'sub_title' => '',
			'summary' => 'February 1: Deurali-Janta Pharmaceuticals, one of the leading pharmaceutical industries of Nepal, has announced to produce drugs for nerve disorder and psychotherapy in the coming days. ',
			'content' => '<p>
	February 1: Deurali-Janta Pharmaceuticals, one of the leading pharmaceutical industries of Nepal, has announced to produce drugs for nerve disorder and psychotherapy in the coming days. Currently, the industry has been producing 320 kinds of drugs.&nbsp;</p>
<pre>
Speaking at the 28th anniversary of the industry, Haribhakta Sharma, executive director of Deurali-Janta, said that the industry has been moving forward by developing research centre with modern equipment to produce to produce and develop drugs in Nepal. He demanded old laws to be amended as the domestic industry has been unable to develop as per the expectation because of government&rsquo;s unclear policy.&nbsp;&nbsp; &nbsp;</pre>
<pre>
Sharma informed that the company has been investing on research and developing drugs that are important in the context of Nepal. </pre>
<pre>
&ldquo;Old policies are still in practice. When will those acts be revised? This is the question of the industrialists,&rdquo; he said, demanding the government to enable Nepali entrepreneurs to invest in foreign countries. </pre>
',
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			'keywords' => '',
			'description' => '',
			'sortorder' => '9697',
			'image' => '20190201121736_adsffasdf.jpg',
			'article_date' => '2019-02-01 00:00:00',
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	(int) 12 => array(
		'Article' => array(
			'id' => '9922',
			'article_category_id' => '1',
			'title' => 'REBAN, Workers Lock Horns over Scrapping of Service Charge',
			'sub_title' => '',
			'summary' => 'January 31: A confrontation has ensued between the Restaurant and Bar Association Nepal (REBAN) and restaurant workers affiliated to various trade unions after REBAN scrapped the 10 percent service charge which the workers had been getting since the last 11 years.',
			'content' => '<p>
	January 31: A confrontation has ensued between the Restaurant and Bar Association Nepal (REBAN) and restaurant workers affiliated to various trade unions after REBAN scrapped the 10 percent service charge which the workers had been getting since the last 11 years.</p>
<p>
	The association of restaurant owners on January 28 decided unilaterally to get rid of the facility which the workers had been enjoying by pointing to the consumers&rsquo; dissatisfaction toward exorbitant prices at eateries and the introduction of the social security fund.</p>
<p>
	The service charge was in effect since 2006 following an agreement between restaurant and hotel workers affiliated to various trade unions, REBAN and Hotel Association of Nepal (HAN).</p>
<p>
	Following the agreement, each employee working at hotels and restaurant had been getting between Rs 12,000 to Rs 25,000 per month in an average. Especially, workers of KFC, Nanglo and Roadhouse Caf&eacute; have been earning the most from the 10 percent service charge.</p>
<p>
	Following the agreement, each worker at present has been receiving average Rs 12,000 to 25,000. Workers are getting more payment via the agreement especially from KFC, Nanglo, and Roadside Restaurant and Bar.</p>
<p>
	Madhav Pandey, president of All Nepal Hotel Casino and Restaurant Workers&rsquo; Union, said it is unfair for the restaurant owners to do away with the service charge unilaterally under the pretext of social security scheme coming into effect soon.</p>
<p>
	&nbsp;Pradip Kumar Jaiswal, president of REBAN, said that the association won&rsquo;t step back for its decision. Jaiswal said that REBAN announced the scrapping of the service charge following complaints from the consumers regarding high cost and degrading service provided by restaurants and bars.</p>
<p>
	&nbsp;</p>
',
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			'created' => '2019-01-31',
			'modified' => '2019-01-31',
			'keywords' => '',
			'description' => '',
			'sortorder' => '9696',
			'image' => '20190131040857_maxresdefault.jpg',
			'article_date' => '2019-01-31 00:00:00',
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	(int) 13 => array(
		'Article' => array(
			'id' => '9925',
			'article_category_id' => '1',
			'title' => 'World Bank to Help Scale Up Renewable Energy in Nepal',
			'sub_title' => '',
			'summary' => 'January 30: The World Bank (WB) has approved the Strategic Climate Fund (SCF) grant of US$ 5.61 million and SCF loan amounting to US$ 2 million to help Nepal diversify its renewable energies, it said in a statement.',
			'content' => '<p>
	January 30: The World Bank (WB) has approved the Strategic Climate Fund (SCF) grant of US$ 5.61 million and SCF loan amounting to US$ 2 million to help Nepal diversify its renewable energies, it said in a statement.</p>
<p>
	According to the WB, the SCF grant and credit will support the private sector-led Mini-Grid Energy Access Project, which aims to mobilize energy-service companies in selected regions of the country to increase capacity of renewable energy mini-grids.</p>
<p>
	&ldquo;One component of the project will provide credit facility to the private sector to support renewable mini-grid sub-projects, and help the sector prosper and expand,&rdquo; said Subodh Adhikari, senior energy specialist and task team leader of the project at the World Bank.</p>
<p>
	&ldquo;The second component will provide technical assistance to the mini-grid sector, energy-service companies and partner banks to ensure smooth and sustainable implementation,&rdquo; he added.&nbsp;</p>
<p>
	According to the WB, the Project is aligned to the efforts of the Government of Nepal to address barriers to private sector participation in the renewable energy mini-grid sector. The project aims at addressing these barriers by successfully demonstrating new approaches that will promote public-private partnerships (PPPs). Private entities and cooperatives will be mobilized to provide electricity services to rural areas as &ldquo;energy service companies&rdquo; (ESCOs), the statement added.</p>
<p>
	&ldquo;These specialized ESCOs will crowd-in the necessary technical expertise and financing capacity to develop, build, own and operate renewable mini-grid projects. They will have access to better credit terms and stronger project development support through the project,&rdquo; the statement adds.</p>
<p>
	&ldquo;This Project will tap in the vast business opportunities and technical potential for the private sector to provide more efficient and sustainable energy services in Nepal,&rdquo; said Faris Hadad-Zervos, World Bank&rsquo;s country manager for Nepal.</p>
<p>
	&ldquo;It is directly linked to the Government of Nepal&rsquo;s effort for greater private sector management and commercial financing through public-private partnerships, and the World Bank&rsquo;s mission of maximizing all financial opportunities for development,&rdquo; he added.</p>
<p>
	&ldquo;The Project aims to improve the overall energy supply situation in Nepal by promoting renewable energy solutions, including the opportunities to capture private sector efficiencies through PPPs,&rdquo; the statement reads.</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
',
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			'created' => '2019-01-31',
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			'description' => '',
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		'Article' => array(
			'id' => '9923',
			'article_category_id' => '266',
			'title' => 'New Branch of Garima Bikas Bank',
			'sub_title' => '',
			'summary' => 'January 31: Garima Bikas Bank has opened a new branch at Indreni Complex in Baneshwar, Kathmandu.',
			'content' => '<p>
	January 31: Garima Bikas Bank has opened a new branch at Indreni Complex in Baneshwar, Kathmandu. The branch was inaugurated by Deputy Governor of Nepal Rastra Bank (NRB) Shiva Raj Shrestha.</p>
<p>
	According to the bank&rsquo;s CEO Govindra Prasad Dhakal, the bank is planning to open other new branches across the country. &nbsp;</p>
<p>
	Currently, the bank is providing services through eight branches inside the Kathmandu valley and 66 branches across the country. The bank has a total of 15 ATM outlets across the country. &nbsp;</p>
<p>
	&nbsp;</p>
',
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			'image' => '20190131041404_garima bank banewsor branch opening photo.jpg',
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simplexml_load_file - [internal], line ??
include - APP/View/Elements/side_bar.ctp, line 60
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/index.ctp, line 157
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117

Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 133]
Code Context
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$articles = array(
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		'Article' => array(
			'id' => '9938',
			'article_category_id' => '266',
			'title' => 'NLOL Brings Accidental Insurance Scheme for its Retailers',
			'sub_title' => '',
			'summary' => 'February 3: Nepal Lube Oil Limited (NLOL), the distributor of Gulf Lubricants, has issued accidental insurance policy for its retailers.',
			'content' => '<p>
	February 3: Nepal Lube Oil Limited (NLOL), the distributor of Gulf Lubricants, has issued accidental insurance policy for its retailers. The company said that the accidental insurance scheme covers insurance for the retailers who are associated with the company with agreements for the sale of 1KL to 7.5 KL lubricants for the year 2075/76.</p>
<p>
	&ldquo;Our retailers are not just our customers but they are our business partners. It is the responsibility of the company to care for its partners though kind gesture in the form of accidental insurance policy,&rdquo; said Pradyumna Neupane, marketing and brand manager of NLOL.</p>
<p>
	NLOL said it has issued the accidental insurance policy for fiscal year 2075/76. This policy can be extended for next year based on the agreement with retailers and their performance, the company further said.</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
',
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			'created' => '2019-02-03',
			'modified' => '2019-02-03',
			'keywords' => '',
			'description' => '',
			'sortorder' => '9708',
			'image' => '20190203113313_accidental.jpg',
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	(int) 1 => array(
		'Article' => array(
			'id' => '9936',
			'article_category_id' => '1',
			'title' => 'NOC Hikes Prices of Petroleum Products',
			'sub_title' => '',
			'summary' => 'February 3: Nepal Oil Corporation (NOC) has increased the prices of petroleum products effective from Sunday, February 3. ',
			'content' => '<p>
	February 3: Nepal Oil Corporation (NOC) has increased the prices of petroleum products effective from Sunday, February 3. As per the new price adjustment coming into effect from midnight, petrol will cost Rs 110 per litre. Rastriya Samachar Samiti (RSS) reported that the price of petrol has been increased by Rs 2.25 per litre. Likewise, price of diesel has surged by Rs 4.28 to Rs 97 per litre. Kerosene&#39;s price has been adjusted to Rs 97 per litre. The NOC has not increased the price of cooking gas, however.</p>
<p>
	NOC Spokesperson Birendra Goit said that the price adjustment follows the government&#39;s provision to adjust price of petroleum products every fortnight. He further said that the state-run oil monopoly decided to hike the price after receiving a new price list from the Indian Oil Corporation on February 1.</p>
<p>
	&ldquo;NOC however missed the price adjustment the previous time due to various reasons,&rdquo; RSS quoted Goit as saying.</p>
<p>
	With the new price adjustment, the state-owned oil corporation could earn a profit of approximately Rs 1.16 billion in a period of 15 days, said an NOC official.</p>
<p>
	&nbsp;</p>
',
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		'Article' => array(
			'id' => '9935',
			'article_category_id' => '223',
			'title' => 'Qatar Airways to Convert 10 of its 50 Airbus A321neo to the Longer Range Airbus',
			'sub_title' => '',
			'summary' => ' February 1: Qatar Airways has announced that it will convert 10 of its 50 Airbus A321neo on order to the Airbus A321LR (long range) variant.',
			'content' => '<p>
	&lrm; February 1: Qatar Airways has announced that it will convert 10 of its 50 Airbus A321neo on order to the Airbus A321LR (long range) variant.</p>
<p>
	The A321LR is a type of A321neo, which has extra fuel tanks as well as a higher maximum take-off weight to give the aircraft additional range, Qatar Airways said in a statement.</p>
<p>
	The flag carrier of Qatar said it will use the A321LR to connect Doha to new growing markets where demand is not sufficient for wide body aircraft or where current narrow bodies (A320/A321) are unable to reach.</p>
<p>
	Qatar Airways said in a statement that the new aircraft will be alternatively adopted to provide additional frequencies on existing Qatar Airways routes, giving the passengers more choice and flexibility when they travel.</p>
<p>
	&nbsp;</p>
',
			'published' => true,
			'created' => '2019-02-01',
			'modified' => '2019-02-01',
			'keywords' => '',
			'description' => '',
			'sortorder' => '9706',
			'image' => '20190201044245_aasdfaf.jpg',
			'article_date' => '2019-02-01 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
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	),
	(int) 3 => array(
		'Article' => array(
			'id' => '9934',
			'article_category_id' => '266',
			'title' => 'Opportunity to be part of Nepalese Street Food Franchise in Australia',
			'sub_title' => '',
			'summary' => 'February 1:  Everest Mo:Mo Australia has announced an opportunity for all to be a part of Nepalese street food chain franchise across Australia.',
			'content' => '<p>
	February 1:&nbsp; Everest Mo:Mo Australia has announced an opportunity for all to be a part of Nepalese street food chain franchise across Australia.</p>
<p>
	The organizers believe that the franchise of such kind will be undertaken for the first time to cater to the demands of the customers with 44 varieties of mo:mo, a popular Nepalese delicacy.</p>
<p>
	Everest Mo:Mo Australia said in a statement on January 31, Thursday, that it aims to offer the real taste from the lap of the Himalayas to rest of the world through the franchises. It aspires to take the cultural value of mo:mo to the streets of Australia and the hearts of its people with the franchises. The mo:mo makers also aim to serve the authentic taste of mo:mo to the food lovers in Australia through the skilled and passionate chefs.</p>
<p>
	The company said it believes in growing together and invited the willing partners to undertake the franchise in the cities of Auburn, Bondi Junction, Blacktown, Hornsby, Hurstville, Liverpool, Manly, Neutral Bay, Newton and Rockdale as it step on this new journey.</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
',
			'published' => true,
			'created' => '2019-02-01',
			'modified' => '2019-02-01',
			'keywords' => '',
			'description' => '',
			'sortorder' => '9705',
			'image' => '20190201034328_aaaa.jpg',
			'article_date' => '2019-02-01 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	),
	(int) 4 => array(
		'Article' => array(
			'id' => '9927',
			'article_category_id' => '1',
			'title' => '‘Ice Climbing Festival-2019’ to Start from Saturday',
			'sub_title' => '',
			'summary' => 'February 1: Nepal’s first-ever ‘Ice Climbing Festival’ is scheduled to kick off on February 2 at Humde of Manag. ',
			'content' => '<p>
	February 1: Nepal&rsquo;s first-ever &lsquo;Ice Climbing Festival&rsquo; is scheduled to kick off on February 2 at Humde of Manag. The nine-day event which will conclude on February 10 is being organised with the objective to develop &lsquo;ice climbing&rsquo; as a new tourism attraction for the Visit Nepal Year 2020.</p>
<p>
	The organiser, Nepal Climbing Team, said that the main aim of the festival is to promote Nepal&rsquo;s tourism destinations at the national and international levels. The organiser claimed that the festival is being held for the first time in Nepal to disseminate the message that ice climbing can be done in any season. The organisers believe this will help in promoting tourism.</p>
<p>
	Bishnu Tamang of the organising committee said that the event will help in promoting adventure tourism as well. He said the event will impart positive message that ice climbing can be enjoyed in any season throughout the year while it will be a new product for the Visit Nepal Year 2020.</p>
<p>
	Krishna Kumar Aryal of Nepal Tourism Board (NTB) said that the event will help in developing Nepal as a destination for ice climbing.</p>
<p>
	The festival is promoted by NTB. The estimated cost of the event is said to be around Rs 1.8 million. &nbsp;</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
',
			'published' => true,
			'created' => '2019-02-01',
			'modified' => '2019-02-01',
			'keywords' => '',
			'description' => '',
			'sortorder' => '9704',
			'image' => '20190201122937_Clipboard05.jpg',
			'article_date' => '2019-02-01 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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			'in_scroller' => null,
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	),
	(int) 5 => array(
		'Article' => array(
			'id' => '9933',
			'article_category_id' => '1',
			'title' => 'With investment of Rs 200 billion, Nepal becomes self-reliant in cement',
			'sub_title' => '',
			'summary' => 'February 1: With huge amount of national and foreign investments in cement industries, Nepal has become self-reliant in cement production from this year. ',
			'content' => '<p>
	February 1: With huge amount of national and foreign investments in cement industries, Nepal has become self-reliant in cement production from this year. According to industrialists, cement industries have received investment of around Rs 200 billion while this sector has the annual transaction of worth Rs 150 billion.</p>
<p>
	Rastriya Samachar Samiti (RSS) reported that chairman of Nepal Cement Producers&rsquo; Association Dhrubaraj Thapa claimed Nepal has become self-reliant in cement production from zero level in an interval of 16 years with the entry of the private sector in the production of cement. He added that Nepal is expected to export cement from the next fiscal year.</p>
<p>
	&ldquo;Compared to other sectors, cement industry has progressed in a speedy manner. This is a&nbsp; proud moment for Nepal. Now, the government should take steps to resolve the problems facing the cement industries,&rdquo; RSS quoted Thapa as saying.</p>
<p>
	Himal Cement Company first started production of cement in Nepal in 1960 but the private sector started investing in the cement industry only 16 years ago. Currently, there are 56 cement industries in Nepal including two state-owned companies-- Udayapur Cement Industry and Hetauda Cement Industry.</p>
<p>
	According to Thapa, the cement factories in the country produced 9 million tonnes of cement in the last fiscal year having total production capacity of 13 million tonnes. Likewise, the country imported meager five percent of cement requirement during the same period. However, industrialists claim that the cost of cement production in Nepal is one of the highest in the world and lack of sufficient raw materials and coal is responsible for the high cost, it is said.</p>
<p>
	The industrialists have argued that frequent changes in policies, problems in labour laws, compulsion to hire foreign human resources, hassles in regard to mines and forest sectors, debate about taxation in between local and province levels and some other issues are the key problems in this sector, RSS reported.</p>
<p>
	Engineer at Department of Mines and Geology Jayaraj Ghimire said that programmes to promote limestone would be initiated in Nepal adding that a total of 168 industries are given license to extract limestone.</p>
<p>
	Likewise, Minister for Industry, Commerce and Supplies Matrika Prasad Yadav said that the government was planning to further develop the cement industries by amending the legal hassles existing since past. He also urged the stakeholders for cooperation and consultation, stating that prosperity is not likely without development of industries and partnership with the private sector.</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
',
			'published' => true,
			'created' => '2019-02-01',
			'modified' => '2019-02-01',
			'keywords' => '',
			'description' => '',
			'sortorder' => '9703',
			'image' => '20190201021308_maxresdefault.jpg',
			'article_date' => '2019-02-01 00:00:00',
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	),
	(int) 6 => array(
		'Article' => array(
			'id' => '9931',
			'article_category_id' => '1',
			'title' => '‘Incubation and Innovation Should be Backed by Government Policies’',
			'sub_title' => '',
			'summary' => 'February 1 : Participants of a panel discussion on the topic “Facing our Time’ stressed the need for changing our energy consumption and behavior pattern and for new government policies in the current context.',
			'content' => '<p>
	February 1&nbsp;: Participants of a panel discussion on the topic &ldquo;Facing our Time&rsquo; stressed the need for changing our energy consumption and behavior pattern and for new government policies in the current context.</p>
<p>
	Speaking at the event organised by the French Embassy in Kathmandu on Thursday, January 31, one of the panelists, Shiwani Neupane, said that the incubation and innovation should be backed by government policies.</p>
<p>
	Likewise, Camille Hanesse, the founder of Cosy Nepal, linked heritage conservation to employment and remarked that heritage conservation is a great opportunity for young people in terms of job creation.</p>
<p>
	Atmospheric scientist Arnico Panday said that with accelerating activities and consumerism, we have limited time to stabilize the climate. Therefore, a major switch is needed in our energy consumption and behavior pattern, which can be a major business opportunity for emerging ventures, he said.</p>
<p>
	According to a statement issued by the French Embassy, the attendees included heads of missions and representatives from various embassies, senior officers from the Government of Nepal, researchers, students, and media representatives.</p>
<p>
	The French Embassy said that the event was organised in collaboration with Nepal Economic Forum and the Alliance Fran&ccedil;aise &ldquo;to stimulate thinking and get the ideas and knowledge flowing&rdquo;.</p>
<p>
	The event was held to commemorate 70 years of diplomatic relation between Nepal and France.</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
',
			'published' => true,
			'created' => '2019-02-01',
			'modified' => '2019-02-01',
			'keywords' => '',
			'description' => '',
			'sortorder' => '9702',
			'image' => '20190201014707_20190131_154822.jpg',
			'article_date' => '2019-02-01 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	),
	(int) 7 => array(
		'Article' => array(
			'id' => '9930',
			'article_category_id' => '266',
			'title' => 'Hyundai Launches New Electric SUV',
			'sub_title' => '',
			'summary' => 'February 1: Laxmi Intercontinental Pvt Ltd, the authorized distributor of Hyundai motors in Nepal, has launched a new electric car, Kona EV.',
			'content' => '<div>
	February 1: Laxmi Intercontinental Pvt Ltd, the authorized distributor of Hyundai motors in Nepal, has launched a new electric car, Kona EV. According to the company, the newly launched vehicle is the first fully-electric subcompact SUV that features a unique exterior design with a dedicated center console in the interior for intuitive operation of the shift-by-wire module.</div>
<div>
	&nbsp;</div>
<div>
	Laxmi Intercontinental said in a statement that Kona EV is an all-purpose car with unique design and cutting-edge technology which makes it ideal for everybody. The introductory price for the car in Nepal is Rs 5.19 million.</div>
<div>
	&nbsp;</div>
<div>
	The new EV generates power of 135 PS. The front wheels are powered by a 39.2-kWh lithium-ion polymer battery pack. It has impressive electric driving range of over 300 kilometers (inclusive of regenerative braking effect) on a single charge, said the company.</div>
<div>
	&nbsp;</div>
<div>
	According to the company, the main features of Kona EV include discrete top-bottom LED DRLs and headlamps, concealed front charge port, LED rear lamps, electric parking brake&nbsp; (EPB) with autohold, paddle shifter, heated and ventilated front seats, wireless phone charger, six airbags (front and side, thorax and pelvis), hill assist control (HAC) etc.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&ldquo;Kona EV is a significant leap forward for Hyundai as it intensifies its commitment to produce highly efficient and eco-friendly vehicles. Hyundai is ready to deliver diverse eco-friendly cars for aspiring customers without compromising on driving dynamics, looks and performance,&rdquo; the statement added.</div>
<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
',
			'published' => true,
			'created' => '2019-02-01',
			'modified' => '2019-02-01',
			'keywords' => '',
			'description' => '',
			'sortorder' => '9701',
			'image' => '20190201011314_Kona-1005.jpg',
			'article_date' => '2019-02-01 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 8 => array(
		'Article' => array(
			'id' => '9932',
			'article_category_id' => '1',
			'title' => '3 Industries to Start Production in Bhairahawa SEZ',
			'sub_title' => '',
			'summary' => 'February 1: It has been learnt that the three industries, which are registered in the Special Economic Zone (SEZ) of Bhairahawa, are about to start operation. ',
			'content' => '<p>
	February 1: It has been learnt that the three industries, which are registered in the Special Economic Zone (SEZ) of Bhairahawa, are about to start operation. Shakti Minerals will start test production from next week, it informed New Business Age.</p>
<p>
	&ldquo;Works in the plant section are about to be completed,&rdquo; said project head of the industry, Laxman Thakuri. He claimed that the industry is first of its kind in Nepal, and has been established with an investment of Rs 400 million.</p>
<p>
	The industry aims to produce dolomite (a substance used to produce paints) and flux (used in iron plants) and export them to India and third countries.</p>
<p>
	According to Deepak Jha, promoter of the industry, the government had announced to exempt customs duty for the industries in the SEZ, but Shakti Minerals had to pay Rs 20 million as customs duty to import machineries.</p>
<p>
	He said the lack of coordination between the ministries have affected the industries. Bhairahawa SEZ is spread across 54&nbsp;<em>bigaha </em>land. Likewise, a total of 19 industries will be operating 39 plants in the area. &nbsp;&nbsp;</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
',
			'published' => true,
			'created' => '2019-02-01',
			'modified' => '2019-02-01',
			'keywords' => '',
			'description' => '',
			'sortorder' => '9700',
			'image' => '20190201015612_sej pic  (2).jpg',
			'article_date' => '2019-02-01 00:00:00',
			'homepage' => false,
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	(int) 9 => array(
		'Article' => array(
			'id' => '9929',
			'article_category_id' => '266',
			'title' => 'Gandaki Bikas Bank Opens New Branch',
			'sub_title' => '',
			'summary' => 'February 1: Gandaki Bikas Bank has opened a new branch at Manpakadi of Rupandehi district. ',
			'content' => '<p>
	February 1: Gandaki Bikas Bank has opened a new branch at Manpakadi of Rupandehi district. Tulsi Prasad Chaudhary, provincial assembly member of Province 5, inaugurated the branch amid a recent function.</p>
<p>
	The bank has been providing its services through 77 branches. The bank said in a statement that it offers different banking services including deposit facility with attractive interest rate, credit schemes, ABBS, ATM, C-ASBA, IPS, mobile banking, locker service, remittance service among others to its customers. &nbsp;&nbsp;</p>
<p>
	&nbsp;</p>
',
			'published' => true,
			'created' => '2019-02-01',
			'modified' => '2019-02-01',
			'keywords' => '',
			'description' => '',
			'sortorder' => '9699',
			'image' => '20190201010148_gandaki.jpg',
			'article_date' => '2019-02-01 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => null,
			'user_id' => '20'
		)
	),
	(int) 10 => array(
		'Article' => array(
			'id' => '9928',
			'article_category_id' => '1',
			'title' => 'Business Community Demands Slash in Interest Rate',
			'sub_title' => '',
			'summary' => 'February 1: The industrialists and traders in Biratnagar have asked the government to immediately reduce the high interest rate charged by the banks and financial institutions (BFIs) to the borrowers.',
			'content' => '<p>
	February 1: The industrialists and traders in Biratnagar have asked the government to immediately reduce the high interest rate charged by the banks and financial institutions (BFIs) to the borrowers.</p>
<p>
	They argued that the interest rate should be around seven percent for the production-based industries and up to nine percent for the trading firms, according to a news report published by Rastriya Samachar Samiti (RSS).</p>
<p>
	The business community of eastern Nepal drew the attention of the government to that end at a programme jointly organised by the Industry Association Morang and the Trade Association Morang on Thursday, January 31.</p>
<p>
	Stressing the need for slashing the interest rate, they also argued that the central bank should realise the ground reality that no bank was running on loss.</p>
<p>
	According to RSS, the industrialists and businesspersons said that industries and businesses should flourish to reduce the trade deficit, strengthen the economy and create more job opportunities.</p>
<p>
	Industrialists Bhim Ghimire, Pawan Kumar Sharada, Sushen Pyakurel, Moti Dugad among others said that the interest rates of banks should be less in order to increase domestic investment and lure foreign investment.</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
',
			'published' => true,
			'created' => '2019-02-01',
			'modified' => '2019-02-01',
			'keywords' => '',
			'description' => '',
			'sortorder' => '9698',
			'image' => '20190201125513_aaa.jpg',
			'article_date' => '2019-02-01 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 11 => array(
		'Article' => array(
			'id' => '9926',
			'article_category_id' => '266',
			'title' => 'Deurali-Janta Pharmaceuticals to Produce new Drugs as it Turns 29',
			'sub_title' => '',
			'summary' => 'February 1: Deurali-Janta Pharmaceuticals, one of the leading pharmaceutical industries of Nepal, has announced to produce drugs for nerve disorder and psychotherapy in the coming days. ',
			'content' => '<p>
	February 1: Deurali-Janta Pharmaceuticals, one of the leading pharmaceutical industries of Nepal, has announced to produce drugs for nerve disorder and psychotherapy in the coming days. Currently, the industry has been producing 320 kinds of drugs.&nbsp;</p>
<pre>
Speaking at the 28th anniversary of the industry, Haribhakta Sharma, executive director of Deurali-Janta, said that the industry has been moving forward by developing research centre with modern equipment to produce to produce and develop drugs in Nepal. He demanded old laws to be amended as the domestic industry has been unable to develop as per the expectation because of government&rsquo;s unclear policy.&nbsp;&nbsp; &nbsp;</pre>
<pre>
Sharma informed that the company has been investing on research and developing drugs that are important in the context of Nepal. </pre>
<pre>
&ldquo;Old policies are still in practice. When will those acts be revised? This is the question of the industrialists,&rdquo; he said, demanding the government to enable Nepali entrepreneurs to invest in foreign countries. </pre>
',
			'published' => true,
			'created' => '2019-02-01',
			'modified' => '2019-02-01',
			'keywords' => '',
			'description' => '',
			'sortorder' => '9697',
			'image' => '20190201121736_adsffasdf.jpg',
			'article_date' => '2019-02-01 00:00:00',
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	(int) 12 => array(
		'Article' => array(
			'id' => '9922',
			'article_category_id' => '1',
			'title' => 'REBAN, Workers Lock Horns over Scrapping of Service Charge',
			'sub_title' => '',
			'summary' => 'January 31: A confrontation has ensued between the Restaurant and Bar Association Nepal (REBAN) and restaurant workers affiliated to various trade unions after REBAN scrapped the 10 percent service charge which the workers had been getting since the last 11 years.',
			'content' => '<p>
	January 31: A confrontation has ensued between the Restaurant and Bar Association Nepal (REBAN) and restaurant workers affiliated to various trade unions after REBAN scrapped the 10 percent service charge which the workers had been getting since the last 11 years.</p>
<p>
	The association of restaurant owners on January 28 decided unilaterally to get rid of the facility which the workers had been enjoying by pointing to the consumers&rsquo; dissatisfaction toward exorbitant prices at eateries and the introduction of the social security fund.</p>
<p>
	The service charge was in effect since 2006 following an agreement between restaurant and hotel workers affiliated to various trade unions, REBAN and Hotel Association of Nepal (HAN).</p>
<p>
	Following the agreement, each employee working at hotels and restaurant had been getting between Rs 12,000 to Rs 25,000 per month in an average. Especially, workers of KFC, Nanglo and Roadhouse Caf&eacute; have been earning the most from the 10 percent service charge.</p>
<p>
	Following the agreement, each worker at present has been receiving average Rs 12,000 to 25,000. Workers are getting more payment via the agreement especially from KFC, Nanglo, and Roadside Restaurant and Bar.</p>
<p>
	Madhav Pandey, president of All Nepal Hotel Casino and Restaurant Workers&rsquo; Union, said it is unfair for the restaurant owners to do away with the service charge unilaterally under the pretext of social security scheme coming into effect soon.</p>
<p>
	&nbsp;Pradip Kumar Jaiswal, president of REBAN, said that the association won&rsquo;t step back for its decision. Jaiswal said that REBAN announced the scrapping of the service charge following complaints from the consumers regarding high cost and degrading service provided by restaurants and bars.</p>
<p>
	&nbsp;</p>
',
			'published' => true,
			'created' => '2019-01-31',
			'modified' => '2019-01-31',
			'keywords' => '',
			'description' => '',
			'sortorder' => '9696',
			'image' => '20190131040857_maxresdefault.jpg',
			'article_date' => '2019-01-31 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 13 => array(
		'Article' => array(
			'id' => '9925',
			'article_category_id' => '1',
			'title' => 'World Bank to Help Scale Up Renewable Energy in Nepal',
			'sub_title' => '',
			'summary' => 'January 30: The World Bank (WB) has approved the Strategic Climate Fund (SCF) grant of US$ 5.61 million and SCF loan amounting to US$ 2 million to help Nepal diversify its renewable energies, it said in a statement.',
			'content' => '<p>
	January 30: The World Bank (WB) has approved the Strategic Climate Fund (SCF) grant of US$ 5.61 million and SCF loan amounting to US$ 2 million to help Nepal diversify its renewable energies, it said in a statement.</p>
<p>
	According to the WB, the SCF grant and credit will support the private sector-led Mini-Grid Energy Access Project, which aims to mobilize energy-service companies in selected regions of the country to increase capacity of renewable energy mini-grids.</p>
<p>
	&ldquo;One component of the project will provide credit facility to the private sector to support renewable mini-grid sub-projects, and help the sector prosper and expand,&rdquo; said Subodh Adhikari, senior energy specialist and task team leader of the project at the World Bank.</p>
<p>
	&ldquo;The second component will provide technical assistance to the mini-grid sector, energy-service companies and partner banks to ensure smooth and sustainable implementation,&rdquo; he added.&nbsp;</p>
<p>
	According to the WB, the Project is aligned to the efforts of the Government of Nepal to address barriers to private sector participation in the renewable energy mini-grid sector. The project aims at addressing these barriers by successfully demonstrating new approaches that will promote public-private partnerships (PPPs). Private entities and cooperatives will be mobilized to provide electricity services to rural areas as &ldquo;energy service companies&rdquo; (ESCOs), the statement added.</p>
<p>
	&ldquo;These specialized ESCOs will crowd-in the necessary technical expertise and financing capacity to develop, build, own and operate renewable mini-grid projects. They will have access to better credit terms and stronger project development support through the project,&rdquo; the statement adds.</p>
<p>
	&ldquo;This Project will tap in the vast business opportunities and technical potential for the private sector to provide more efficient and sustainable energy services in Nepal,&rdquo; said Faris Hadad-Zervos, World Bank&rsquo;s country manager for Nepal.</p>
<p>
	&ldquo;It is directly linked to the Government of Nepal&rsquo;s effort for greater private sector management and commercial financing through public-private partnerships, and the World Bank&rsquo;s mission of maximizing all financial opportunities for development,&rdquo; he added.</p>
<p>
	&ldquo;The Project aims to improve the overall energy supply situation in Nepal by promoting renewable energy solutions, including the opportunities to capture private sector efficiencies through PPPs,&rdquo; the statement reads.</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
',
			'published' => true,
			'created' => '2019-01-31',
			'modified' => '2019-01-31',
			'keywords' => '',
			'description' => '',
			'sortorder' => '9695',
			'image' => '20190131043830_aaa.jpg',
			'article_date' => '2019-01-31 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => null,
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	),
	(int) 14 => array(
		'Article' => array(
			'id' => '9923',
			'article_category_id' => '266',
			'title' => 'New Branch of Garima Bikas Bank',
			'sub_title' => '',
			'summary' => 'January 31: Garima Bikas Bank has opened a new branch at Indreni Complex in Baneshwar, Kathmandu.',
			'content' => '<p>
	January 31: Garima Bikas Bank has opened a new branch at Indreni Complex in Baneshwar, Kathmandu. The branch was inaugurated by Deputy Governor of Nepal Rastra Bank (NRB) Shiva Raj Shrestha.</p>
<p>
	According to the bank&rsquo;s CEO Govindra Prasad Dhakal, the bank is planning to open other new branches across the country. &nbsp;</p>
<p>
	Currently, the bank is providing services through eight branches inside the Kathmandu valley and 66 branches across the country. The bank has a total of 15 ATM outlets across the country. &nbsp;</p>
<p>
	&nbsp;</p>
',
			'published' => true,
			'created' => '2019-01-31',
			'modified' => '2019-01-31',
			'keywords' => '',
			'description' => '',
			'sortorder' => '9694',
			'image' => '20190131041404_garima bank banewsor branch opening photo.jpg',
			'article_date' => '2019-01-31 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => null,
			'user_id' => '20'
		)
	)
)
$current_user = null
$logged_in = false
$xml = false
include - APP/View/Elements/side_bar.ctp, line 133
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/index.ctp, line 157
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117

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



    if(!$xml = simplexml_load_file($file)){
$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
$dataForView = array(
	'articles' => array(
		(int) 0 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 1 => array(
			'Article' => array(
				[maximum depth reached]
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			'Article' => array(
				[maximum depth reached]
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			'Article' => array(
				[maximum depth reached]
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			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 5 => array(
			'Article' => array(
				[maximum depth reached]
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			'Article' => array(
				[maximum depth reached]
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			'Article' => array(
				[maximum depth reached]
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		),
		(int) 8 => array(
			'Article' => array(
				[maximum depth reached]
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		(int) 9 => array(
			'Article' => array(
				[maximum depth reached]
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		(int) 10 => array(
			'Article' => array(
				[maximum depth reached]
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		(int) 11 => array(
			'Article' => array(
				[maximum depth reached]
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		(int) 12 => array(
			'Article' => array(
				[maximum depth reached]
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		),
		(int) 13 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 14 => array(
			'Article' => array(
				[maximum depth reached]
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	'current_user' => null,
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$articles = array(
	(int) 0 => array(
		'Article' => array(
			'id' => '9938',
			'article_category_id' => '266',
			'title' => 'NLOL Brings Accidental Insurance Scheme for its Retailers',
			'sub_title' => '',
			'summary' => 'February 3: Nepal Lube Oil Limited (NLOL), the distributor of Gulf Lubricants, has issued accidental insurance policy for its retailers.',
			'content' => '<p>
	February 3: Nepal Lube Oil Limited (NLOL), the distributor of Gulf Lubricants, has issued accidental insurance policy for its retailers. The company said that the accidental insurance scheme covers insurance for the retailers who are associated with the company with agreements for the sale of 1KL to 7.5 KL lubricants for the year 2075/76.</p>
<p>
	&ldquo;Our retailers are not just our customers but they are our business partners. It is the responsibility of the company to care for its partners though kind gesture in the form of accidental insurance policy,&rdquo; said Pradyumna Neupane, marketing and brand manager of NLOL.</p>
<p>
	NLOL said it has issued the accidental insurance policy for fiscal year 2075/76. This policy can be extended for next year based on the agreement with retailers and their performance, the company further said.</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
',
			'published' => true,
			'created' => '2019-02-03',
			'modified' => '2019-02-03',
			'keywords' => '',
			'description' => '',
			'sortorder' => '9708',
			'image' => '20190203113313_accidental.jpg',
			'article_date' => '2019-02-03 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
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	(int) 1 => array(
		'Article' => array(
			'id' => '9936',
			'article_category_id' => '1',
			'title' => 'NOC Hikes Prices of Petroleum Products',
			'sub_title' => '',
			'summary' => 'February 3: Nepal Oil Corporation (NOC) has increased the prices of petroleum products effective from Sunday, February 3. ',
			'content' => '<p>
	February 3: Nepal Oil Corporation (NOC) has increased the prices of petroleum products effective from Sunday, February 3. As per the new price adjustment coming into effect from midnight, petrol will cost Rs 110 per litre. Rastriya Samachar Samiti (RSS) reported that the price of petrol has been increased by Rs 2.25 per litre. Likewise, price of diesel has surged by Rs 4.28 to Rs 97 per litre. Kerosene&#39;s price has been adjusted to Rs 97 per litre. The NOC has not increased the price of cooking gas, however.</p>
<p>
	NOC Spokesperson Birendra Goit said that the price adjustment follows the government&#39;s provision to adjust price of petroleum products every fortnight. He further said that the state-run oil monopoly decided to hike the price after receiving a new price list from the Indian Oil Corporation on February 1.</p>
<p>
	&ldquo;NOC however missed the price adjustment the previous time due to various reasons,&rdquo; RSS quoted Goit as saying.</p>
<p>
	With the new price adjustment, the state-owned oil corporation could earn a profit of approximately Rs 1.16 billion in a period of 15 days, said an NOC official.</p>
<p>
	&nbsp;</p>
',
			'published' => true,
			'created' => '2019-02-03',
			'modified' => '2019-02-03',
			'keywords' => '',
			'description' => '',
			'sortorder' => '9707',
			'image' => '20190203105730_NOC.jpg',
			'article_date' => '2019-02-03 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => null,
			'user_id' => '20'
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	(int) 2 => array(
		'Article' => array(
			'id' => '9935',
			'article_category_id' => '223',
			'title' => 'Qatar Airways to Convert 10 of its 50 Airbus A321neo to the Longer Range Airbus',
			'sub_title' => '',
			'summary' => ' February 1: Qatar Airways has announced that it will convert 10 of its 50 Airbus A321neo on order to the Airbus A321LR (long range) variant.',
			'content' => '<p>
	&lrm; February 1: Qatar Airways has announced that it will convert 10 of its 50 Airbus A321neo on order to the Airbus A321LR (long range) variant.</p>
<p>
	The A321LR is a type of A321neo, which has extra fuel tanks as well as a higher maximum take-off weight to give the aircraft additional range, Qatar Airways said in a statement.</p>
<p>
	The flag carrier of Qatar said it will use the A321LR to connect Doha to new growing markets where demand is not sufficient for wide body aircraft or where current narrow bodies (A320/A321) are unable to reach.</p>
<p>
	Qatar Airways said in a statement that the new aircraft will be alternatively adopted to provide additional frequencies on existing Qatar Airways routes, giving the passengers more choice and flexibility when they travel.</p>
<p>
	&nbsp;</p>
',
			'published' => true,
			'created' => '2019-02-01',
			'modified' => '2019-02-01',
			'keywords' => '',
			'description' => '',
			'sortorder' => '9706',
			'image' => '20190201044245_aasdfaf.jpg',
			'article_date' => '2019-02-01 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => null,
			'user_id' => '20'
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	),
	(int) 3 => array(
		'Article' => array(
			'id' => '9934',
			'article_category_id' => '266',
			'title' => 'Opportunity to be part of Nepalese Street Food Franchise in Australia',
			'sub_title' => '',
			'summary' => 'February 1:  Everest Mo:Mo Australia has announced an opportunity for all to be a part of Nepalese street food chain franchise across Australia.',
			'content' => '<p>
	February 1:&nbsp; Everest Mo:Mo Australia has announced an opportunity for all to be a part of Nepalese street food chain franchise across Australia.</p>
<p>
	The organizers believe that the franchise of such kind will be undertaken for the first time to cater to the demands of the customers with 44 varieties of mo:mo, a popular Nepalese delicacy.</p>
<p>
	Everest Mo:Mo Australia said in a statement on January 31, Thursday, that it aims to offer the real taste from the lap of the Himalayas to rest of the world through the franchises. It aspires to take the cultural value of mo:mo to the streets of Australia and the hearts of its people with the franchises. The mo:mo makers also aim to serve the authentic taste of mo:mo to the food lovers in Australia through the skilled and passionate chefs.</p>
<p>
	The company said it believes in growing together and invited the willing partners to undertake the franchise in the cities of Auburn, Bondi Junction, Blacktown, Hornsby, Hurstville, Liverpool, Manly, Neutral Bay, Newton and Rockdale as it step on this new journey.</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
',
			'published' => true,
			'created' => '2019-02-01',
			'modified' => '2019-02-01',
			'keywords' => '',
			'description' => '',
			'sortorder' => '9705',
			'image' => '20190201034328_aaaa.jpg',
			'article_date' => '2019-02-01 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
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	(int) 4 => array(
		'Article' => array(
			'id' => '9927',
			'article_category_id' => '1',
			'title' => '‘Ice Climbing Festival-2019’ to Start from Saturday',
			'sub_title' => '',
			'summary' => 'February 1: Nepal’s first-ever ‘Ice Climbing Festival’ is scheduled to kick off on February 2 at Humde of Manag. ',
			'content' => '<p>
	February 1: Nepal&rsquo;s first-ever &lsquo;Ice Climbing Festival&rsquo; is scheduled to kick off on February 2 at Humde of Manag. The nine-day event which will conclude on February 10 is being organised with the objective to develop &lsquo;ice climbing&rsquo; as a new tourism attraction for the Visit Nepal Year 2020.</p>
<p>
	The organiser, Nepal Climbing Team, said that the main aim of the festival is to promote Nepal&rsquo;s tourism destinations at the national and international levels. The organiser claimed that the festival is being held for the first time in Nepal to disseminate the message that ice climbing can be done in any season. The organisers believe this will help in promoting tourism.</p>
<p>
	Bishnu Tamang of the organising committee said that the event will help in promoting adventure tourism as well. He said the event will impart positive message that ice climbing can be enjoyed in any season throughout the year while it will be a new product for the Visit Nepal Year 2020.</p>
<p>
	Krishna Kumar Aryal of Nepal Tourism Board (NTB) said that the event will help in developing Nepal as a destination for ice climbing.</p>
<p>
	The festival is promoted by NTB. The estimated cost of the event is said to be around Rs 1.8 million. &nbsp;</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
',
			'published' => true,
			'created' => '2019-02-01',
			'modified' => '2019-02-01',
			'keywords' => '',
			'description' => '',
			'sortorder' => '9704',
			'image' => '20190201122937_Clipboard05.jpg',
			'article_date' => '2019-02-01 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => null,
			'user_id' => '20'
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	),
	(int) 5 => array(
		'Article' => array(
			'id' => '9933',
			'article_category_id' => '1',
			'title' => 'With investment of Rs 200 billion, Nepal becomes self-reliant in cement',
			'sub_title' => '',
			'summary' => 'February 1: With huge amount of national and foreign investments in cement industries, Nepal has become self-reliant in cement production from this year. ',
			'content' => '<p>
	February 1: With huge amount of national and foreign investments in cement industries, Nepal has become self-reliant in cement production from this year. According to industrialists, cement industries have received investment of around Rs 200 billion while this sector has the annual transaction of worth Rs 150 billion.</p>
<p>
	Rastriya Samachar Samiti (RSS) reported that chairman of Nepal Cement Producers&rsquo; Association Dhrubaraj Thapa claimed Nepal has become self-reliant in cement production from zero level in an interval of 16 years with the entry of the private sector in the production of cement. He added that Nepal is expected to export cement from the next fiscal year.</p>
<p>
	&ldquo;Compared to other sectors, cement industry has progressed in a speedy manner. This is a&nbsp; proud moment for Nepal. Now, the government should take steps to resolve the problems facing the cement industries,&rdquo; RSS quoted Thapa as saying.</p>
<p>
	Himal Cement Company first started production of cement in Nepal in 1960 but the private sector started investing in the cement industry only 16 years ago. Currently, there are 56 cement industries in Nepal including two state-owned companies-- Udayapur Cement Industry and Hetauda Cement Industry.</p>
<p>
	According to Thapa, the cement factories in the country produced 9 million tonnes of cement in the last fiscal year having total production capacity of 13 million tonnes. Likewise, the country imported meager five percent of cement requirement during the same period. However, industrialists claim that the cost of cement production in Nepal is one of the highest in the world and lack of sufficient raw materials and coal is responsible for the high cost, it is said.</p>
<p>
	The industrialists have argued that frequent changes in policies, problems in labour laws, compulsion to hire foreign human resources, hassles in regard to mines and forest sectors, debate about taxation in between local and province levels and some other issues are the key problems in this sector, RSS reported.</p>
<p>
	Engineer at Department of Mines and Geology Jayaraj Ghimire said that programmes to promote limestone would be initiated in Nepal adding that a total of 168 industries are given license to extract limestone.</p>
<p>
	Likewise, Minister for Industry, Commerce and Supplies Matrika Prasad Yadav said that the government was planning to further develop the cement industries by amending the legal hassles existing since past. He also urged the stakeholders for cooperation and consultation, stating that prosperity is not likely without development of industries and partnership with the private sector.</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
',
			'published' => true,
			'created' => '2019-02-01',
			'modified' => '2019-02-01',
			'keywords' => '',
			'description' => '',
			'sortorder' => '9703',
			'image' => '20190201021308_maxresdefault.jpg',
			'article_date' => '2019-02-01 00:00:00',
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	(int) 6 => array(
		'Article' => array(
			'id' => '9931',
			'article_category_id' => '1',
			'title' => '‘Incubation and Innovation Should be Backed by Government Policies’',
			'sub_title' => '',
			'summary' => 'February 1 : Participants of a panel discussion on the topic “Facing our Time’ stressed the need for changing our energy consumption and behavior pattern and for new government policies in the current context.',
			'content' => '<p>
	February 1&nbsp;: Participants of a panel discussion on the topic &ldquo;Facing our Time&rsquo; stressed the need for changing our energy consumption and behavior pattern and for new government policies in the current context.</p>
<p>
	Speaking at the event organised by the French Embassy in Kathmandu on Thursday, January 31, one of the panelists, Shiwani Neupane, said that the incubation and innovation should be backed by government policies.</p>
<p>
	Likewise, Camille Hanesse, the founder of Cosy Nepal, linked heritage conservation to employment and remarked that heritage conservation is a great opportunity for young people in terms of job creation.</p>
<p>
	Atmospheric scientist Arnico Panday said that with accelerating activities and consumerism, we have limited time to stabilize the climate. Therefore, a major switch is needed in our energy consumption and behavior pattern, which can be a major business opportunity for emerging ventures, he said.</p>
<p>
	According to a statement issued by the French Embassy, the attendees included heads of missions and representatives from various embassies, senior officers from the Government of Nepal, researchers, students, and media representatives.</p>
<p>
	The French Embassy said that the event was organised in collaboration with Nepal Economic Forum and the Alliance Fran&ccedil;aise &ldquo;to stimulate thinking and get the ideas and knowledge flowing&rdquo;.</p>
<p>
	The event was held to commemorate 70 years of diplomatic relation between Nepal and France.</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
',
			'published' => true,
			'created' => '2019-02-01',
			'modified' => '2019-02-01',
			'keywords' => '',
			'description' => '',
			'sortorder' => '9702',
			'image' => '20190201014707_20190131_154822.jpg',
			'article_date' => '2019-02-01 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => null,
			'user_id' => '20'
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	),
	(int) 7 => array(
		'Article' => array(
			'id' => '9930',
			'article_category_id' => '266',
			'title' => 'Hyundai Launches New Electric SUV',
			'sub_title' => '',
			'summary' => 'February 1: Laxmi Intercontinental Pvt Ltd, the authorized distributor of Hyundai motors in Nepal, has launched a new electric car, Kona EV.',
			'content' => '<div>
	February 1: Laxmi Intercontinental Pvt Ltd, the authorized distributor of Hyundai motors in Nepal, has launched a new electric car, Kona EV. According to the company, the newly launched vehicle is the first fully-electric subcompact SUV that features a unique exterior design with a dedicated center console in the interior for intuitive operation of the shift-by-wire module.</div>
<div>
	&nbsp;</div>
<div>
	Laxmi Intercontinental said in a statement that Kona EV is an all-purpose car with unique design and cutting-edge technology which makes it ideal for everybody. The introductory price for the car in Nepal is Rs 5.19 million.</div>
<div>
	&nbsp;</div>
<div>
	The new EV generates power of 135 PS. The front wheels are powered by a 39.2-kWh lithium-ion polymer battery pack. It has impressive electric driving range of over 300 kilometers (inclusive of regenerative braking effect) on a single charge, said the company.</div>
<div>
	&nbsp;</div>
<div>
	According to the company, the main features of Kona EV include discrete top-bottom LED DRLs and headlamps, concealed front charge port, LED rear lamps, electric parking brake&nbsp; (EPB) with autohold, paddle shifter, heated and ventilated front seats, wireless phone charger, six airbags (front and side, thorax and pelvis), hill assist control (HAC) etc.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&ldquo;Kona EV is a significant leap forward for Hyundai as it intensifies its commitment to produce highly efficient and eco-friendly vehicles. Hyundai is ready to deliver diverse eco-friendly cars for aspiring customers without compromising on driving dynamics, looks and performance,&rdquo; the statement added.</div>
<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
',
			'published' => true,
			'created' => '2019-02-01',
			'modified' => '2019-02-01',
			'keywords' => '',
			'description' => '',
			'sortorder' => '9701',
			'image' => '20190201011314_Kona-1005.jpg',
			'article_date' => '2019-02-01 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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			'in_scroller' => null,
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	(int) 8 => array(
		'Article' => array(
			'id' => '9932',
			'article_category_id' => '1',
			'title' => '3 Industries to Start Production in Bhairahawa SEZ',
			'sub_title' => '',
			'summary' => 'February 1: It has been learnt that the three industries, which are registered in the Special Economic Zone (SEZ) of Bhairahawa, are about to start operation. ',
			'content' => '<p>
	February 1: It has been learnt that the three industries, which are registered in the Special Economic Zone (SEZ) of Bhairahawa, are about to start operation. Shakti Minerals will start test production from next week, it informed New Business Age.</p>
<p>
	&ldquo;Works in the plant section are about to be completed,&rdquo; said project head of the industry, Laxman Thakuri. He claimed that the industry is first of its kind in Nepal, and has been established with an investment of Rs 400 million.</p>
<p>
	The industry aims to produce dolomite (a substance used to produce paints) and flux (used in iron plants) and export them to India and third countries.</p>
<p>
	According to Deepak Jha, promoter of the industry, the government had announced to exempt customs duty for the industries in the SEZ, but Shakti Minerals had to pay Rs 20 million as customs duty to import machineries.</p>
<p>
	He said the lack of coordination between the ministries have affected the industries. Bhairahawa SEZ is spread across 54&nbsp;<em>bigaha </em>land. Likewise, a total of 19 industries will be operating 39 plants in the area. &nbsp;&nbsp;</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
',
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			'created' => '2019-02-01',
			'modified' => '2019-02-01',
			'keywords' => '',
			'description' => '',
			'sortorder' => '9700',
			'image' => '20190201015612_sej pic  (2).jpg',
			'article_date' => '2019-02-01 00:00:00',
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	(int) 9 => array(
		'Article' => array(
			'id' => '9929',
			'article_category_id' => '266',
			'title' => 'Gandaki Bikas Bank Opens New Branch',
			'sub_title' => '',
			'summary' => 'February 1: Gandaki Bikas Bank has opened a new branch at Manpakadi of Rupandehi district. ',
			'content' => '<p>
	February 1: Gandaki Bikas Bank has opened a new branch at Manpakadi of Rupandehi district. Tulsi Prasad Chaudhary, provincial assembly member of Province 5, inaugurated the branch amid a recent function.</p>
<p>
	The bank has been providing its services through 77 branches. The bank said in a statement that it offers different banking services including deposit facility with attractive interest rate, credit schemes, ABBS, ATM, C-ASBA, IPS, mobile banking, locker service, remittance service among others to its customers. &nbsp;&nbsp;</p>
<p>
	&nbsp;</p>
',
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			'created' => '2019-02-01',
			'modified' => '2019-02-01',
			'keywords' => '',
			'description' => '',
			'sortorder' => '9699',
			'image' => '20190201010148_gandaki.jpg',
			'article_date' => '2019-02-01 00:00:00',
			'homepage' => false,
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	(int) 10 => array(
		'Article' => array(
			'id' => '9928',
			'article_category_id' => '1',
			'title' => 'Business Community Demands Slash in Interest Rate',
			'sub_title' => '',
			'summary' => 'February 1: The industrialists and traders in Biratnagar have asked the government to immediately reduce the high interest rate charged by the banks and financial institutions (BFIs) to the borrowers.',
			'content' => '<p>
	February 1: The industrialists and traders in Biratnagar have asked the government to immediately reduce the high interest rate charged by the banks and financial institutions (BFIs) to the borrowers.</p>
<p>
	They argued that the interest rate should be around seven percent for the production-based industries and up to nine percent for the trading firms, according to a news report published by Rastriya Samachar Samiti (RSS).</p>
<p>
	The business community of eastern Nepal drew the attention of the government to that end at a programme jointly organised by the Industry Association Morang and the Trade Association Morang on Thursday, January 31.</p>
<p>
	Stressing the need for slashing the interest rate, they also argued that the central bank should realise the ground reality that no bank was running on loss.</p>
<p>
	According to RSS, the industrialists and businesspersons said that industries and businesses should flourish to reduce the trade deficit, strengthen the economy and create more job opportunities.</p>
<p>
	Industrialists Bhim Ghimire, Pawan Kumar Sharada, Sushen Pyakurel, Moti Dugad among others said that the interest rates of banks should be less in order to increase domestic investment and lure foreign investment.</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
',
			'published' => true,
			'created' => '2019-02-01',
			'modified' => '2019-02-01',
			'keywords' => '',
			'description' => '',
			'sortorder' => '9698',
			'image' => '20190201125513_aaa.jpg',
			'article_date' => '2019-02-01 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => null,
			'user_id' => '20'
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	),
	(int) 11 => array(
		'Article' => array(
			'id' => '9926',
			'article_category_id' => '266',
			'title' => 'Deurali-Janta Pharmaceuticals to Produce new Drugs as it Turns 29',
			'sub_title' => '',
			'summary' => 'February 1: Deurali-Janta Pharmaceuticals, one of the leading pharmaceutical industries of Nepal, has announced to produce drugs for nerve disorder and psychotherapy in the coming days. ',
			'content' => '<p>
	February 1: Deurali-Janta Pharmaceuticals, one of the leading pharmaceutical industries of Nepal, has announced to produce drugs for nerve disorder and psychotherapy in the coming days. Currently, the industry has been producing 320 kinds of drugs.&nbsp;</p>
<pre>
Speaking at the 28th anniversary of the industry, Haribhakta Sharma, executive director of Deurali-Janta, said that the industry has been moving forward by developing research centre with modern equipment to produce to produce and develop drugs in Nepal. He demanded old laws to be amended as the domestic industry has been unable to develop as per the expectation because of government&rsquo;s unclear policy.&nbsp;&nbsp; &nbsp;</pre>
<pre>
Sharma informed that the company has been investing on research and developing drugs that are important in the context of Nepal. </pre>
<pre>
&ldquo;Old policies are still in practice. When will those acts be revised? This is the question of the industrialists,&rdquo; he said, demanding the government to enable Nepali entrepreneurs to invest in foreign countries. </pre>
',
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			'created' => '2019-02-01',
			'modified' => '2019-02-01',
			'keywords' => '',
			'description' => '',
			'sortorder' => '9697',
			'image' => '20190201121736_adsffasdf.jpg',
			'article_date' => '2019-02-01 00:00:00',
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	(int) 12 => array(
		'Article' => array(
			'id' => '9922',
			'article_category_id' => '1',
			'title' => 'REBAN, Workers Lock Horns over Scrapping of Service Charge',
			'sub_title' => '',
			'summary' => 'January 31: A confrontation has ensued between the Restaurant and Bar Association Nepal (REBAN) and restaurant workers affiliated to various trade unions after REBAN scrapped the 10 percent service charge which the workers had been getting since the last 11 years.',
			'content' => '<p>
	January 31: A confrontation has ensued between the Restaurant and Bar Association Nepal (REBAN) and restaurant workers affiliated to various trade unions after REBAN scrapped the 10 percent service charge which the workers had been getting since the last 11 years.</p>
<p>
	The association of restaurant owners on January 28 decided unilaterally to get rid of the facility which the workers had been enjoying by pointing to the consumers&rsquo; dissatisfaction toward exorbitant prices at eateries and the introduction of the social security fund.</p>
<p>
	The service charge was in effect since 2006 following an agreement between restaurant and hotel workers affiliated to various trade unions, REBAN and Hotel Association of Nepal (HAN).</p>
<p>
	Following the agreement, each employee working at hotels and restaurant had been getting between Rs 12,000 to Rs 25,000 per month in an average. Especially, workers of KFC, Nanglo and Roadhouse Caf&eacute; have been earning the most from the 10 percent service charge.</p>
<p>
	Following the agreement, each worker at present has been receiving average Rs 12,000 to 25,000. Workers are getting more payment via the agreement especially from KFC, Nanglo, and Roadside Restaurant and Bar.</p>
<p>
	Madhav Pandey, president of All Nepal Hotel Casino and Restaurant Workers&rsquo; Union, said it is unfair for the restaurant owners to do away with the service charge unilaterally under the pretext of social security scheme coming into effect soon.</p>
<p>
	&nbsp;Pradip Kumar Jaiswal, president of REBAN, said that the association won&rsquo;t step back for its decision. Jaiswal said that REBAN announced the scrapping of the service charge following complaints from the consumers regarding high cost and degrading service provided by restaurants and bars.</p>
<p>
	&nbsp;</p>
',
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			'created' => '2019-01-31',
			'modified' => '2019-01-31',
			'keywords' => '',
			'description' => '',
			'sortorder' => '9696',
			'image' => '20190131040857_maxresdefault.jpg',
			'article_date' => '2019-01-31 00:00:00',
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	(int) 13 => array(
		'Article' => array(
			'id' => '9925',
			'article_category_id' => '1',
			'title' => 'World Bank to Help Scale Up Renewable Energy in Nepal',
			'sub_title' => '',
			'summary' => 'January 30: The World Bank (WB) has approved the Strategic Climate Fund (SCF) grant of US$ 5.61 million and SCF loan amounting to US$ 2 million to help Nepal diversify its renewable energies, it said in a statement.',
			'content' => '<p>
	January 30: The World Bank (WB) has approved the Strategic Climate Fund (SCF) grant of US$ 5.61 million and SCF loan amounting to US$ 2 million to help Nepal diversify its renewable energies, it said in a statement.</p>
<p>
	According to the WB, the SCF grant and credit will support the private sector-led Mini-Grid Energy Access Project, which aims to mobilize energy-service companies in selected regions of the country to increase capacity of renewable energy mini-grids.</p>
<p>
	&ldquo;One component of the project will provide credit facility to the private sector to support renewable mini-grid sub-projects, and help the sector prosper and expand,&rdquo; said Subodh Adhikari, senior energy specialist and task team leader of the project at the World Bank.</p>
<p>
	&ldquo;The second component will provide technical assistance to the mini-grid sector, energy-service companies and partner banks to ensure smooth and sustainable implementation,&rdquo; he added.&nbsp;</p>
<p>
	According to the WB, the Project is aligned to the efforts of the Government of Nepal to address barriers to private sector participation in the renewable energy mini-grid sector. The project aims at addressing these barriers by successfully demonstrating new approaches that will promote public-private partnerships (PPPs). Private entities and cooperatives will be mobilized to provide electricity services to rural areas as &ldquo;energy service companies&rdquo; (ESCOs), the statement added.</p>
<p>
	&ldquo;These specialized ESCOs will crowd-in the necessary technical expertise and financing capacity to develop, build, own and operate renewable mini-grid projects. They will have access to better credit terms and stronger project development support through the project,&rdquo; the statement adds.</p>
<p>
	&ldquo;This Project will tap in the vast business opportunities and technical potential for the private sector to provide more efficient and sustainable energy services in Nepal,&rdquo; said Faris Hadad-Zervos, World Bank&rsquo;s country manager for Nepal.</p>
<p>
	&ldquo;It is directly linked to the Government of Nepal&rsquo;s effort for greater private sector management and commercial financing through public-private partnerships, and the World Bank&rsquo;s mission of maximizing all financial opportunities for development,&rdquo; he added.</p>
<p>
	&ldquo;The Project aims to improve the overall energy supply situation in Nepal by promoting renewable energy solutions, including the opportunities to capture private sector efficiencies through PPPs,&rdquo; the statement reads.</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
',
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	(int) 14 => array(
		'Article' => array(
			'id' => '9923',
			'article_category_id' => '266',
			'title' => 'New Branch of Garima Bikas Bank',
			'sub_title' => '',
			'summary' => 'January 31: Garima Bikas Bank has opened a new branch at Indreni Complex in Baneshwar, Kathmandu.',
			'content' => '<p>
	January 31: Garima Bikas Bank has opened a new branch at Indreni Complex in Baneshwar, Kathmandu. The branch was inaugurated by Deputy Governor of Nepal Rastra Bank (NRB) Shiva Raj Shrestha.</p>
<p>
	According to the bank&rsquo;s CEO Govindra Prasad Dhakal, the bank is planning to open other new branches across the country. &nbsp;</p>
<p>
	Currently, the bank is providing services through eight branches inside the Kathmandu valley and 66 branches across the country. The bank has a total of 15 ATM outlets across the country. &nbsp;</p>
<p>
	&nbsp;</p>
',
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			'created' => '2019-01-31',
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			'image' => '20190131041404_garima bank banewsor branch opening photo.jpg',
			'article_date' => '2019-01-31 00:00:00',
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			'breaking_news' => false,
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			'user_id' => '20'
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