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(
	'articles' => array(
		(int) 0 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 1 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 2 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 3 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 4 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 5 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 6 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 7 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 8 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 9 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 10 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 11 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 12 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 13 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 14 => array(
			'Article' => array(
				[maximum depth reached]
			)
		)
	),
	'current_user' => null,
	'logged_in' => false
)
$articles = array(
	(int) 0 => array(
		'Article' => array(
			'id' => '6149',
			'article_category_id' => '1',
			'title' => 'Mahalaxmi Chairman Takes Oath',
			'sub_title' => '',
			'summary' => ' Rajesh Upadhyay, newly-elected chairman of Mahalaxmi Bikas Bank (MBB), took the oath of office and secrecy on July 2.',
			'content' => '<p>July 5: Rajesh Upadhyay, newly-elected chairman of Mahalaxmi Bikas Bank (MBB), took the oath of office and secrecy on July 2.</p>

<p>Upadhayay took the oath in the presence of NRB official as per the requirement of the Banks and Financial Institutions Act- 2073 BS.</p>

<p>Upadhyay was elected as chairman of the bank after the merger of Yeti Development Bank and Mahalaxmi Bikas Bank.</p>
',
			'published' => true,
			'created' => '2017-07-05',
			'modified' => '2017-07-05',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5933',
			'image' => null,
			'article_date' => '2017-07-05 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 1 => array(
		'Article' => array(
			'id' => '6148',
			'article_category_id' => '1',
			'title' => 'Free Eye Check-up by Machhapuchchhre',
			'sub_title' => '',
			'summary' => 'The Narayangadh branch of Machhapuchchhre Bank organized a free eye check-up camp at Galeshwor Asharam in Devghat, recently.',
			'content' => '<p>July 5: The Narayangadh branch of Machhapuchchhre Bank organized a free eye check-up camp at Galeshwor Asharam in Devghat, recently.</p>

<p>A total of 163 people benefitted from the eye camp while spectacles were distributed free of cost to 49 people along with medicines.</p>

<p>The eye camp also referred 12 people for free cataract operation at Bharatpur Eye Hospital. The eye camp was organized as part of the bank&rsquo;s corporate social responsibility.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-07-05',
			'modified' => '2017-07-05',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5932',
			'image' => null,
			'article_date' => '2017-07-05 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 2 => array(
		'Article' => array(
			'id' => '6147',
			'article_category_id' => '1',
			'title' => 'Siddhartha Development Opens Branch in Hetauda:',
			'sub_title' => '',
			'summary' => ' Siddhartha Development Bank has opened a branch in Hetauda. ',
			'content' => '<p>July 5: Siddhartha Development Bank has opened a branch in Hetauda. &nbsp;Hari Bahadur Mahat, mayor of Hetauda Sub-metropolitan City inaugurated the branch amid a program on July 4.</p>

<p>&nbsp;Banks should invest more in development projects than in commercial loans, said Rajkumar Neupane, president of the Hetauda chapter of Federation of Nepalese Chamber of Commerce and Industry.&nbsp;</p>

<p>Ram Bahadur Bhandari, chairman of the bank, also inaugurated its ATM outlet during the program.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-07-05',
			'modified' => '2017-07-05',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5931',
			'image' => null,
			'article_date' => '2017-07-05 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 3 => array(
		'Article' => array(
			'id' => '6146',
			'article_category_id' => '1',
			'title' => 'Stakeholders Stress on Tourism Development for Nepal’s Prosperity',
			'sub_title' => '',
			'summary' => ' Concerned stakeholders have emphasized the need of tourism development in Nepal in order to lead the country to prosperity. ',
			'content' => '<p>July 5: Concerned stakeholders have emphasized the need of tourism development in Nepal in order to lead the country to prosperity. According to them, this sector has immense potential but the country has not been able to benefit from it.</p>

<p>The participants shared such views during an interaction on &lsquo;Nepal&rsquo;s tourism promotion in Asian countries&rsquo; organized by GP Koirala Foundation on the occasion of the late prime minister&rsquo;s 94<sup>th</sup> birth anniversary.</p>

<p>Speaking at the function, Finance Minister Gyanendra Bahadur Karki said Nepal holds immense potential in tourism sector that it was possible to achieve economic growth and create employment opportunities through tourism sector.</p>

<p>Nepali Congress leader and president of the foundation, Sujata Koirala, said that the time has come for us to implement the constitution and head toward economic prosperity.</p>

<p>Secretary at the Ministry of Culture, Tourism and Civil Aviation, Shankar Prasad Adhikari, stressed the need of connectivity with Asian countries as they contribute in 60 percent of tourists visiting Nepal.</p>

<p>Deepak Raj Joshi, chief executive officer of Nepal Tourism Board, informed that nearly 10 billion tourists set our on their journeys across the world every year.</p>
',
			'published' => true,
			'created' => '2017-07-05',
			'modified' => '2017-07-05',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5930',
			'image' => null,
			'article_date' => '2017-07-05 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 4 => array(
		'Article' => array(
			'id' => '6145',
			'article_category_id' => '1',
			'title' => 'Foreign Investment Down this Year',
			'sub_title' => '',
			'summary' => ' Rs100 billion less than  last FY',
			'content' => '<p>Foreign Direct Investment (FDI) in Nepal has gone down in the current fiscal year 2016-2017. Compared to the last fiscal year, foreign investment has drastically gone down this year. During the last fiscal year, foreign investment had decreased as a result of the devastating earthquake and blockade. However, this year it was expected to rise after the formation of laws related to investment, International Investment Summit, Infrastructure Summit and some other positive indicators.</p>

<p>Investors from different countries had also pledged to invest more than Rs 1400 billion during the International Investment Summit about four months ago, but those commitments haven&rsquo;t materialized yet.</p>

<p>During the last FY, foreign investment in Nepal was Rs 1525 billion. However, now the investment is just Rs 1420 billion. The amount is Rs 104 billion less than the previous year.</p>

<p>Foreign investment in Nepal couldn&rsquo;t increase in the current fiscal year as the country was still reeling under the effects of the earthquake and blockade of 2015, according to Shekhar Golchha, senior vice-president of FNCCI.</p>

<p>&ldquo;In terms of investment, there is relatively a better environment as compared to the past. The energy crisis has been solved to a great extent. Now, the effects of the blockade and earthquake will not last long. We can hope of increase in foreign investment in soon now,&rdquo; said Golchha.</p>

<p>Shankar Aryal, director general of the Department of Industry, said it was a matter of concern that Nepal has not able to attract foreign investment despite having favorable environment.</p>

<p>&quot;The government is trying its best to increase foreign investment.&nbsp; So, the effort of this year may bring good results in investment in the next year,&quot; he said.</p>

<p>Till date, investors from 91 countries have invested in Nepal. According to the statistics of DoI, the total foreign investment that Nepal has received till now is Rs 212 billion.</p>

<p>Foreign investment from the following countries has decreased:</p>

<p>Australia, Austria, Brazil, British Virgin Islands, China (main territory), Denmark, Japan, the Philippines, Russia, Singapore, Switzerland, Turkey, Great Britain,&nbsp; America, Columbia, Greece, Lebanon, Mauritius, Norway, Poland, Romania, Sweden, Syria, Yemen.</p>

<p>Foreign investment from the following countries has increased:</p>

<p>Bangladesh, Belgium, Canada, Hong Kong, Taiwan, Cyprus, France, Germany, India, Israel, Italy, Malaysia, Mexico, Netherlands (Antilles), Nigeria, Pakistan, Samoa, Saudi Arabia, South Korea, Spain, Thailand, The Netherlands.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-07-05',
			'modified' => '2017-07-05',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5929',
			'image' => null,
			'article_date' => '2017-07-05 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 5 => array(
		'Article' => array(
			'id' => '6144',
			'article_category_id' => '1',
			'title' => 'Airlines Operators Slice Internal Air Fare',
			'sub_title' => '',
			'summary' => 'Airlines operators of Nepal have decided to slice the fare of internal flights following the decrease in fuel prices.',
			'content' => '<p>July 5: Airlines operators of Nepal have decided to slice the fare of internal flights following the decrease in fuel prices.</p>

<p>Nepal Oil Corporation (NOC) had reduced the aviation fuel price by Rs 4 per liter a few days ago. Following the move, a meeting of the Airlines Operators Association of Nepal (AOAN) on June 4 decided to adjust the internal flight rates as per the reduced aviation fuel. According to Ghanashyam Acharya, spokesperson of AOAN, the new air fares will come into effect from July 5.</p>

<p>The air fares have been decreased by a minimum of Rs 45 to the maximum of Rs 200 with following the decision made by AOAN. Similarly, mountain flight fares will be less by Rs 238. The mountain flight fares which used to be Rs 11,000 earlier has fall to Rs 10,862.</p>

<p>NOC sliced the prices of petroleum products since July 2 as per the international rate. The new rate of aviation fuel is Rs 82, four rupees less from the earlier rate of Rs 86.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-07-05',
			'modified' => '2017-07-05',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5928',
			'image' => '20170705021352_NOC.jpg',
			'article_date' => '2017-07-05 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 6 => array(
		'Article' => array(
			'id' => '6142',
			'article_category_id' => '1',
			'title' => 'Govt Plan to Set Up Fuel Storage Facilities in Limbo',
			'sub_title' => '',
			'summary' => 'The government’s proposed plan to increase the storage capacity of petroleum products has been limited to paper works.',
			'content' => '<p>July 5: The government&rsquo;s proposed plan to increase the storage capacity of petroleum products has been limited to paper works. As per the proposal, the government is preparing to create storage facilities of fuel for up to three months. However, the plan is in limbo as the government has not been able to acquire the land required for the purpose.</p>

<p>Currently, Nepal has the capacity to store fuel only for 17 days. Although the government had made a commitment to set up facilities to store fuel for at least 90 days during the budget announcement of last fiscal year, no concrete steps has been taken to this end.</p>

<p>Nepal Oil Corporation (NOC)&rsquo;s Spokesperson Sitaram Pokharel said that this plan has hit a snag as the process to acquire lands in all seven provinces for the storage facilities has not yet gained any pace.</p>

<p>&ldquo;We had issued a tender notice for land required in all seven provinces for the storage facilities,&rdquo; said Pokharel, &ldquo;But we couldn&rsquo;t find land suitable for the purpose. This has also delayed the re-tender process.&rdquo;</p>

<p>Officials at the NOC informed that the state-run oil corporation has already purchased 50 bighas of land in Chitwan, 20 bighas in Jhapa and 17 bighas in Sarlahi but it is yet to buy land in other places. NOC officials further said that they will soon initiate the process to buy lands in other places.</p>

<p>Keeping in view the growing demand for petroleum products of late, the government had decided to create storage facilities for 424,000 kiloliters of fuel. Although the government has agreed in principle to set up such facilities, the process has been delayed due to various reasons.</p>

<p>NOC officials have identified the need for pipeline transfer of petroleum products to ease the supply chain, but, for this, it is essential to set up the storage facilities. At present, the consumers in Nepal have been facing crisis even if the supply of fuel is obstructed for a few days. &nbsp;</p>

<p>NOC officials informed that they have already spent Rs 5 billion for purchasing land. An additional Rs 10 billion is required for construction of depots, according to sources.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-07-05',
			'modified' => '2017-07-05',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5926',
			'image' => '20170705013752_noc.jpg',
			'article_date' => '2017-07-05 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 7 => array(
		'Article' => array(
			'id' => '6141',
			'article_category_id' => '1',
			'title' => 'Two Finance Companies Merge with Civil Bank',
			'sub_title' => '',
			'summary' => ' Governor of Nepal Rastra Bank (NRB), Chiranjive Nepal, said that the central bank is planning to boost financial activities across the nation by establishing new branches of various banks at local levels.',
			'content' => '<p>July 4: Governor of Nepal Rastra Bank (NRB), Chiranjive Nepal, said that the central bank is planning to boost financial activities across the nation by establishing new branches of various banks at local levels.</p>

<p>Speaking at the inauguration of integrated transaction of Civil Bank after merger with Hama Merchant and Finance Company and Unique Finance Company, Governor Nepal also said that the bank&rsquo;s contribution in providing financial access to rural communities is indispensable.</p>

<p>Mergers with various banks and financial institutions (BFIs) help to strengthen transactions and to invest in large projects and industrial businesses, said Govinda Gurung, CEO of Civil Bank.</p>

<p>The bank now has 53 branches. The paid-up capital of the bank has increased to Rs 5.18 billion, deposit to Rs 34.97 billion and lending has increased to Rs 31.22 billion, informed the CEO.</p>
',
			'published' => true,
			'created' => '2017-07-04',
			'modified' => '2017-07-04',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5925',
			'image' => '20170704042557_civil bank.jpg',
			'article_date' => '2017-07-04 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 8 => array(
		'Article' => array(
			'id' => '6140',
			'article_category_id' => '1',
			'title' => 'National Microfinance Enters Fourth Year',
			'sub_title' => '',
			'summary' => 'National Microfinance of Dhading Besi has entered its fourth year of operation.',
			'content' => '<p>July 4: National Microfinance of Dhading Besi has entered its fourth year of operation.</p>

<p>Promoted by 31 individuals of Dhading district as well as seven banks and financial institutions (BFIs) including Nepal Investment Bank, Kumari Bank, Siddhartha Bank and Mega Bank, the National Microfinance is a national-level finance company, which has been operating since July 2, 2014.</p>

<p>To celebrate its anniversary, the microfinance distributed stationery items to orphans and helpless children. Various branches of the institution celebrated in different ways, with some of them opting for financial literacy programs as well.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-07-04',
			'modified' => '2017-07-05',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5924',
			'image' => null,
			'article_date' => '2017-07-04 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 9 => array(
		'Article' => array(
			'id' => '6139',
			'article_category_id' => '1',
			'title' => 'RBB Opens New Branch in Sarlahi',
			'sub_title' => '',
			'summary' => 'Rastriya Banijya Bank (RBB) has opened its 175th branch in Balara Municipality in Sarlahi district.',
			'content' => '<p>July 4: Rastriya Banijya Bank (RBB) has opened its 175<sup>th</sup> branch in Balara Municipality in Sarlahi district.</p>

<p>Lawmaker Amaresh Kumar Singh of Nepali Congress inaugurated the branch amid a function organized on July 3.</p>

<p>&ldquo;Banks in local levels are important for the development of the concerned sector,&rdquo; said Singh during the inauguration.</p>

<p>Active participation of banks in urban, semi-urban and rural areas will help enhance the financial accessibility, said Dr Rabindra Prasad Pandey, chairman of RBB.</p>

<p>The bank aims to provide easy access to people by establishing branches in probable areas for sustainable financial expansion, informed Kiran Kumar Shrestha, CEO of RBB.</p>
',
			'published' => true,
			'created' => '2017-07-04',
			'modified' => '2017-07-05',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5923',
			'image' => null,
			'article_date' => '2017-07-04 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 10 => array(
		'Article' => array(
			'id' => '6138',
			'article_category_id' => '1',
			'title' => 'Shangri-La Development Banks’s chairman takes oath',
			'sub_title' => '',
			'summary' => 'Rabindra Prasad Shrestha has been appointed as the chairman of Shangri-La Development Bank.',
			'content' => '<p>July 4: Rabindra Prasad Shrestha has been appointed as the chairman of Shangri-La Development Bank.</p>

<p>Shrestha took the oath of office and secrecy on Monday, July 3 in accordance to the the Banks and Financial Institutions Act - 2073 BS, informed Dinesh Thakali, deputy CEO of Shangri-La Bank.</p>

<p>Deputy Governor of Nepal Rastra Bank (NRB) Chintamani Siwakoti was present during the oath-taking ceremony.</p>
',
			'published' => true,
			'created' => '2017-07-04',
			'modified' => '2017-07-05',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5922',
			'image' => null,
			'article_date' => '2017-07-04 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 11 => array(
		'Article' => array(
			'id' => '6137',
			'article_category_id' => '1',
			'title' => 'Government to Add 66 New Routes in Ktm Valley ',
			'sub_title' => 'Preparation to Operate 17 Large Buses',
			'summary' => 'With an objective of easing and managing the transportation system in the Kathmandu Valley, the government is adding 66 new routes in the capital from July 16.',
			'content' => '<p>July 4: With an objective of easing and managing the transportation system in the Kathmandu Valley, the government is adding 66 new routes in the capital from July 16.</p>

<p>The Project Implementation Unit under the Kathmandu Sustainable Urban Transportation Project (KSUTP) had identified the routes and recommended the Department of Transportation Management (DoTM) for implementation.</p>

<p>The DoTM has agreed to give permission to open the new routes. Currently, there are more than 200 routes in operation in the valley.</p>

<p>The project has recommended the new routes in order to manage the traffic congestion seen in the recent days. DoTM Spokesperson Tok Raj Pandey informed that new routes will come into operation after classifying them into three groups. The routes will be classified into primary, secondary and tertiary based on the capacity of vehicles that ply the routes.</p>

<p>The routes for operating large vehicles and public transportation will be classified as primary routes, while the secondary routes will be for medium-sized vehicles and tertiary routes for small vehicles. The Project Implementation Unit identified the routes in collaboration with the Asian Development Bank (ADB).</p>

<p>In the first phase of implementation, vehicles will be operated on trial basis in the 10-km route along Sinamangal-Ratnapark-lainchaur-Samakhusi-Gongabu-New Bus Park road, according to the Project Implementation Unit chief Khadga Lal Shrestha</p>

<p>&nbsp;&ldquo;We are signing a contract for the 10-km route, where 17 large buses will be operated,&rdquo; said Shrestha.</p>

<p>ADB will provide loan for 80 percent for the implementation of the project. Shrestha said that the loan and grant will be released through the Town Development Fund (TDF).</p>

<p>It has been estimated that the buses which will be operated by Digo Yatayat Pvt Ltd along the route will cost Rs 85 million, according to Shrestha.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-07-04',
			'modified' => '2017-07-04',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5921',
			'image' => null,
			'article_date' => '2017-07-04 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 12 => array(
		'Article' => array(
			'id' => '6136',
			'article_category_id' => '1',
			'title' => 'Upper Tamakoshi Project to Produce Additional Electricity from Diversion',
			'sub_title' => '',
			'summary' => 'The Upper Tama Koshi Hydropower Project is all set to produce an additional 22.5 megawatts of electricity from a diversion in Rolwaling. ',
			'content' => '<p>July 4: The Upper Tama Koshi Hydropower Project is all set to produce an additional 22.5 megawatts of electricity from a diversion in Rolwaling. The diversion was created so that the project would be able to produce 456 MW of electricity even during dry season. Initially, the diversion was supposed to add water to the project&rsquo;s reservoir but later a study revealed that the same diversion could be used to produce additional electricity with little investment, according to the project&rsquo;s spokesperson Dr Ganesh Neupane.</p>

<p>&ldquo;We applied for license to produce additional electricity after the feasibility study shed light on the possibility with low investment,&rdquo; said Neupane.</p>

<p>There are plans afoot to build a six-kilometer tunnel to release water to the Upper Tamakoshi reservoir from Rolwaling and in the due process electricity generation design is being made, informed Neupane.</p>

<p>The study has shown that even during extremely dry season, a minimum of 167 gigawatts of electricity can be generated from the Rolwaling diversion.</p>

<p>According to Neupane, works have already started for the transportation of materials, required for the diversion, from Lamabagar to Riku of Gaurishankar VDC after a tender bid. He further said that electricity will be generated from the diversion after the works of the Upper Tamakoshi project reaches the final phase.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-07-04',
			'modified' => '2017-07-04',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5920',
			'image' => '20170704033102_tamakoshi.jpg',
			'article_date' => '2017-07-04 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 13 => array(
		'Article' => array(
			'id' => '6135',
			'article_category_id' => '1',
			'title' => 'ACs Gaining Market in Nepal',
			'sub_title' => '',
			'summary' => 'The sales of air conditioners (AC) have increased with the rise in temperature. ',
			'content' => '<p>July 4: The sales of air conditioners (AC) have increased with the rise in temperature. Easy access and slashing prices are the other factors that have made ACs affordable even for the middle-class people, unlike in the past when it used to be bought only by the elites. ACs, which used to be available mostly in the Kathmandu Valley a few years ago, are now available is most of the places where there is electricity, according to the dealers of ACs.</p>

<p>More than a dozen national and international brands of ACs are available in the Nepali market. Himalayan Refrigeration and Electrical Industries, CG Electronics and Hilltake have been producing local brands of ACs. However, all of these local ACs are generally manufactured in China and assembled in Nepal. The price of ACs differ according to the brand, size and capacity. The minimum price of AC available in the local market is Rs 30,000.</p>

<p>The increase in number of integrated settlements, corporate offices, financial institutions and big industries in the recent years has also significantly increased the sales of ACs, according to the dealers.</p>

<p>The demand for ACs has increased by 40 percent at present. Unlike fans and heaters which serve only one purpose, ACs function both ways - give warmth during cold days and making the environment cool during hot days. &nbsp;Since the ACs can be used in both cold and hot seasons, it is in high demand throughout the year. However, the distributors of ACs say that comparatively there is more sale in summer than in winter.</p>

<p>Panasonic, LG, Haier, Samsung, Whirlpool, Fuji are some of the popular international brands available in the local markets of Nepal. Of late, even non-branded ACs have gained market. Such ACs are generally made for household use.</p>
',
			'published' => true,
			'created' => '2017-07-04',
			'modified' => '2017-07-04',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5919',
			'image' => null,
			'article_date' => '2017-07-04 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 14 => array(
		'Article' => array(
			'id' => '6134',
			'article_category_id' => '1',
			'title' => 'Bharatpur Flights up Due to Landslides',
			'sub_title' => 'People opt for safer air route to avoid landslide-prone Mugling-Narayanghat road section',
			'summary' => 'The pathetic condition of Mugling-Narayanghat road section has resulted in the rise in number of flights to Bharatpur airport.',
			'content' => '<p>July 4: The pathetic condition of Mugling-Narayanghat road section has resulted in the rise in number of flights to Bharatpur airport. With the onset of monsoon, the road section which is undergoing construction for widening into two lanes poses high risk of landslides. This has made the commuters opt for air route.</p>

<p>Private airlines companies including Buddha Air, Yeti Airlines and Simrik Air have been providing additional flights to meet the demands of the passengers.</p>

<p>Earlier, Buddha Air and Yeti Airlines used to have three regular flights to Bharatput. But now, they have up to nine flights per day.</p>

<p>According to Bharatpur airport, altogether 9212 passengers opted for flights to travel to and from Bharatpur to Kathmandu in the month of May. In June, 9282 people took flights to and from the airport.</p>

<p>Yeti Airlines&rsquo; branch manager &nbsp;Rajesh Singh said that problem arises when the passengers do not get the tickets. &ldquo;When the temperature goes down, we can adjust passengers for full flight. But when the temperature goes up, we have to reduce the number of passengers,&rdquo; he said.</p>

<p>The airport chief Pawan Kumar Gautam informed that the number of passengers has increased as compared to the previous month.</p>

<p>Yeti Airlines can accommodate up to 30 persons per flight while the carrying capacity of Buddha Air is between 47 to 82.</p>

<p>Sandeep Kumar Shrestha, a local of Bharatpur, says that he was forced to take a flight because of the poor condition of the Mugling-Narayanghat road section.</p>

<p>&ldquo;If I don&rsquo;t reach Kathmandu on time, I will miss my exams. But I haven&rsquo;t got the ticket since the last five days,&rdquo; he laments.</p>

<p>The air passengers have been suffering as the tickets have been booked since over a week. The ticketing problem has also affected the tourists who had come to visit Sauraha and Chitwan National Park.</p>

<p>&ldquo;The Mugling-Narayanghat road section has caused more damage than the earthquake,&rdquo; said Regional Hotel Association, Sauraha&rsquo;s President Suman Ghimire.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-07-04',
			'modified' => '2017-07-04',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5918',
			'image' => '20170704033247_Buddha.jpg',
			'article_date' => '2017-07-04 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	)
)
$current_user = null
$logged_in = false
include - APP/View/Elements/side_bar.ctp, line 60
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/index.ctp, line 157
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117

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



    if(!$xml = simplexml_load_file($file)){
$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
$dataForView = array(
	'articles' => array(
		(int) 0 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 1 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 2 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 3 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 4 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 5 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 6 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 7 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 8 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 9 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 10 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 11 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 12 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 13 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 14 => array(
			'Article' => array(
				[maximum depth reached]
			)
		)
	),
	'current_user' => null,
	'logged_in' => false
)
$articles = array(
	(int) 0 => array(
		'Article' => array(
			'id' => '6149',
			'article_category_id' => '1',
			'title' => 'Mahalaxmi Chairman Takes Oath',
			'sub_title' => '',
			'summary' => ' Rajesh Upadhyay, newly-elected chairman of Mahalaxmi Bikas Bank (MBB), took the oath of office and secrecy on July 2.',
			'content' => '<p>July 5: Rajesh Upadhyay, newly-elected chairman of Mahalaxmi Bikas Bank (MBB), took the oath of office and secrecy on July 2.</p>

<p>Upadhayay took the oath in the presence of NRB official as per the requirement of the Banks and Financial Institutions Act- 2073 BS.</p>

<p>Upadhyay was elected as chairman of the bank after the merger of Yeti Development Bank and Mahalaxmi Bikas Bank.</p>
',
			'published' => true,
			'created' => '2017-07-05',
			'modified' => '2017-07-05',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5933',
			'image' => null,
			'article_date' => '2017-07-05 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 1 => array(
		'Article' => array(
			'id' => '6148',
			'article_category_id' => '1',
			'title' => 'Free Eye Check-up by Machhapuchchhre',
			'sub_title' => '',
			'summary' => 'The Narayangadh branch of Machhapuchchhre Bank organized a free eye check-up camp at Galeshwor Asharam in Devghat, recently.',
			'content' => '<p>July 5: The Narayangadh branch of Machhapuchchhre Bank organized a free eye check-up camp at Galeshwor Asharam in Devghat, recently.</p>

<p>A total of 163 people benefitted from the eye camp while spectacles were distributed free of cost to 49 people along with medicines.</p>

<p>The eye camp also referred 12 people for free cataract operation at Bharatpur Eye Hospital. The eye camp was organized as part of the bank&rsquo;s corporate social responsibility.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-07-05',
			'modified' => '2017-07-05',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5932',
			'image' => null,
			'article_date' => '2017-07-05 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 2 => array(
		'Article' => array(
			'id' => '6147',
			'article_category_id' => '1',
			'title' => 'Siddhartha Development Opens Branch in Hetauda:',
			'sub_title' => '',
			'summary' => ' Siddhartha Development Bank has opened a branch in Hetauda. ',
			'content' => '<p>July 5: Siddhartha Development Bank has opened a branch in Hetauda. &nbsp;Hari Bahadur Mahat, mayor of Hetauda Sub-metropolitan City inaugurated the branch amid a program on July 4.</p>

<p>&nbsp;Banks should invest more in development projects than in commercial loans, said Rajkumar Neupane, president of the Hetauda chapter of Federation of Nepalese Chamber of Commerce and Industry.&nbsp;</p>

<p>Ram Bahadur Bhandari, chairman of the bank, also inaugurated its ATM outlet during the program.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-07-05',
			'modified' => '2017-07-05',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5931',
			'image' => null,
			'article_date' => '2017-07-05 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 3 => array(
		'Article' => array(
			'id' => '6146',
			'article_category_id' => '1',
			'title' => 'Stakeholders Stress on Tourism Development for Nepal’s Prosperity',
			'sub_title' => '',
			'summary' => ' Concerned stakeholders have emphasized the need of tourism development in Nepal in order to lead the country to prosperity. ',
			'content' => '<p>July 5: Concerned stakeholders have emphasized the need of tourism development in Nepal in order to lead the country to prosperity. According to them, this sector has immense potential but the country has not been able to benefit from it.</p>

<p>The participants shared such views during an interaction on &lsquo;Nepal&rsquo;s tourism promotion in Asian countries&rsquo; organized by GP Koirala Foundation on the occasion of the late prime minister&rsquo;s 94<sup>th</sup> birth anniversary.</p>

<p>Speaking at the function, Finance Minister Gyanendra Bahadur Karki said Nepal holds immense potential in tourism sector that it was possible to achieve economic growth and create employment opportunities through tourism sector.</p>

<p>Nepali Congress leader and president of the foundation, Sujata Koirala, said that the time has come for us to implement the constitution and head toward economic prosperity.</p>

<p>Secretary at the Ministry of Culture, Tourism and Civil Aviation, Shankar Prasad Adhikari, stressed the need of connectivity with Asian countries as they contribute in 60 percent of tourists visiting Nepal.</p>

<p>Deepak Raj Joshi, chief executive officer of Nepal Tourism Board, informed that nearly 10 billion tourists set our on their journeys across the world every year.</p>
',
			'published' => true,
			'created' => '2017-07-05',
			'modified' => '2017-07-05',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5930',
			'image' => null,
			'article_date' => '2017-07-05 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 4 => array(
		'Article' => array(
			'id' => '6145',
			'article_category_id' => '1',
			'title' => 'Foreign Investment Down this Year',
			'sub_title' => '',
			'summary' => ' Rs100 billion less than  last FY',
			'content' => '<p>Foreign Direct Investment (FDI) in Nepal has gone down in the current fiscal year 2016-2017. Compared to the last fiscal year, foreign investment has drastically gone down this year. During the last fiscal year, foreign investment had decreased as a result of the devastating earthquake and blockade. However, this year it was expected to rise after the formation of laws related to investment, International Investment Summit, Infrastructure Summit and some other positive indicators.</p>

<p>Investors from different countries had also pledged to invest more than Rs 1400 billion during the International Investment Summit about four months ago, but those commitments haven&rsquo;t materialized yet.</p>

<p>During the last FY, foreign investment in Nepal was Rs 1525 billion. However, now the investment is just Rs 1420 billion. The amount is Rs 104 billion less than the previous year.</p>

<p>Foreign investment in Nepal couldn&rsquo;t increase in the current fiscal year as the country was still reeling under the effects of the earthquake and blockade of 2015, according to Shekhar Golchha, senior vice-president of FNCCI.</p>

<p>&ldquo;In terms of investment, there is relatively a better environment as compared to the past. The energy crisis has been solved to a great extent. Now, the effects of the blockade and earthquake will not last long. We can hope of increase in foreign investment in soon now,&rdquo; said Golchha.</p>

<p>Shankar Aryal, director general of the Department of Industry, said it was a matter of concern that Nepal has not able to attract foreign investment despite having favorable environment.</p>

<p>&quot;The government is trying its best to increase foreign investment.&nbsp; So, the effort of this year may bring good results in investment in the next year,&quot; he said.</p>

<p>Till date, investors from 91 countries have invested in Nepal. According to the statistics of DoI, the total foreign investment that Nepal has received till now is Rs 212 billion.</p>

<p>Foreign investment from the following countries has decreased:</p>

<p>Australia, Austria, Brazil, British Virgin Islands, China (main territory), Denmark, Japan, the Philippines, Russia, Singapore, Switzerland, Turkey, Great Britain,&nbsp; America, Columbia, Greece, Lebanon, Mauritius, Norway, Poland, Romania, Sweden, Syria, Yemen.</p>

<p>Foreign investment from the following countries has increased:</p>

<p>Bangladesh, Belgium, Canada, Hong Kong, Taiwan, Cyprus, France, Germany, India, Israel, Italy, Malaysia, Mexico, Netherlands (Antilles), Nigeria, Pakistan, Samoa, Saudi Arabia, South Korea, Spain, Thailand, The Netherlands.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-07-05',
			'modified' => '2017-07-05',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5929',
			'image' => null,
			'article_date' => '2017-07-05 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 5 => array(
		'Article' => array(
			'id' => '6144',
			'article_category_id' => '1',
			'title' => 'Airlines Operators Slice Internal Air Fare',
			'sub_title' => '',
			'summary' => 'Airlines operators of Nepal have decided to slice the fare of internal flights following the decrease in fuel prices.',
			'content' => '<p>July 5: Airlines operators of Nepal have decided to slice the fare of internal flights following the decrease in fuel prices.</p>

<p>Nepal Oil Corporation (NOC) had reduced the aviation fuel price by Rs 4 per liter a few days ago. Following the move, a meeting of the Airlines Operators Association of Nepal (AOAN) on June 4 decided to adjust the internal flight rates as per the reduced aviation fuel. According to Ghanashyam Acharya, spokesperson of AOAN, the new air fares will come into effect from July 5.</p>

<p>The air fares have been decreased by a minimum of Rs 45 to the maximum of Rs 200 with following the decision made by AOAN. Similarly, mountain flight fares will be less by Rs 238. The mountain flight fares which used to be Rs 11,000 earlier has fall to Rs 10,862.</p>

<p>NOC sliced the prices of petroleum products since July 2 as per the international rate. The new rate of aviation fuel is Rs 82, four rupees less from the earlier rate of Rs 86.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-07-05',
			'modified' => '2017-07-05',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5928',
			'image' => '20170705021352_NOC.jpg',
			'article_date' => '2017-07-05 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 6 => array(
		'Article' => array(
			'id' => '6142',
			'article_category_id' => '1',
			'title' => 'Govt Plan to Set Up Fuel Storage Facilities in Limbo',
			'sub_title' => '',
			'summary' => 'The government’s proposed plan to increase the storage capacity of petroleum products has been limited to paper works.',
			'content' => '<p>July 5: The government&rsquo;s proposed plan to increase the storage capacity of petroleum products has been limited to paper works. As per the proposal, the government is preparing to create storage facilities of fuel for up to three months. However, the plan is in limbo as the government has not been able to acquire the land required for the purpose.</p>

<p>Currently, Nepal has the capacity to store fuel only for 17 days. Although the government had made a commitment to set up facilities to store fuel for at least 90 days during the budget announcement of last fiscal year, no concrete steps has been taken to this end.</p>

<p>Nepal Oil Corporation (NOC)&rsquo;s Spokesperson Sitaram Pokharel said that this plan has hit a snag as the process to acquire lands in all seven provinces for the storage facilities has not yet gained any pace.</p>

<p>&ldquo;We had issued a tender notice for land required in all seven provinces for the storage facilities,&rdquo; said Pokharel, &ldquo;But we couldn&rsquo;t find land suitable for the purpose. This has also delayed the re-tender process.&rdquo;</p>

<p>Officials at the NOC informed that the state-run oil corporation has already purchased 50 bighas of land in Chitwan, 20 bighas in Jhapa and 17 bighas in Sarlahi but it is yet to buy land in other places. NOC officials further said that they will soon initiate the process to buy lands in other places.</p>

<p>Keeping in view the growing demand for petroleum products of late, the government had decided to create storage facilities for 424,000 kiloliters of fuel. Although the government has agreed in principle to set up such facilities, the process has been delayed due to various reasons.</p>

<p>NOC officials have identified the need for pipeline transfer of petroleum products to ease the supply chain, but, for this, it is essential to set up the storage facilities. At present, the consumers in Nepal have been facing crisis even if the supply of fuel is obstructed for a few days. &nbsp;</p>

<p>NOC officials informed that they have already spent Rs 5 billion for purchasing land. An additional Rs 10 billion is required for construction of depots, according to sources.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-07-05',
			'modified' => '2017-07-05',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5926',
			'image' => '20170705013752_noc.jpg',
			'article_date' => '2017-07-05 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 7 => array(
		'Article' => array(
			'id' => '6141',
			'article_category_id' => '1',
			'title' => 'Two Finance Companies Merge with Civil Bank',
			'sub_title' => '',
			'summary' => ' Governor of Nepal Rastra Bank (NRB), Chiranjive Nepal, said that the central bank is planning to boost financial activities across the nation by establishing new branches of various banks at local levels.',
			'content' => '<p>July 4: Governor of Nepal Rastra Bank (NRB), Chiranjive Nepal, said that the central bank is planning to boost financial activities across the nation by establishing new branches of various banks at local levels.</p>

<p>Speaking at the inauguration of integrated transaction of Civil Bank after merger with Hama Merchant and Finance Company and Unique Finance Company, Governor Nepal also said that the bank&rsquo;s contribution in providing financial access to rural communities is indispensable.</p>

<p>Mergers with various banks and financial institutions (BFIs) help to strengthen transactions and to invest in large projects and industrial businesses, said Govinda Gurung, CEO of Civil Bank.</p>

<p>The bank now has 53 branches. The paid-up capital of the bank has increased to Rs 5.18 billion, deposit to Rs 34.97 billion and lending has increased to Rs 31.22 billion, informed the CEO.</p>
',
			'published' => true,
			'created' => '2017-07-04',
			'modified' => '2017-07-04',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5925',
			'image' => '20170704042557_civil bank.jpg',
			'article_date' => '2017-07-04 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 8 => array(
		'Article' => array(
			'id' => '6140',
			'article_category_id' => '1',
			'title' => 'National Microfinance Enters Fourth Year',
			'sub_title' => '',
			'summary' => 'National Microfinance of Dhading Besi has entered its fourth year of operation.',
			'content' => '<p>July 4: National Microfinance of Dhading Besi has entered its fourth year of operation.</p>

<p>Promoted by 31 individuals of Dhading district as well as seven banks and financial institutions (BFIs) including Nepal Investment Bank, Kumari Bank, Siddhartha Bank and Mega Bank, the National Microfinance is a national-level finance company, which has been operating since July 2, 2014.</p>

<p>To celebrate its anniversary, the microfinance distributed stationery items to orphans and helpless children. Various branches of the institution celebrated in different ways, with some of them opting for financial literacy programs as well.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-07-04',
			'modified' => '2017-07-05',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5924',
			'image' => null,
			'article_date' => '2017-07-04 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 9 => array(
		'Article' => array(
			'id' => '6139',
			'article_category_id' => '1',
			'title' => 'RBB Opens New Branch in Sarlahi',
			'sub_title' => '',
			'summary' => 'Rastriya Banijya Bank (RBB) has opened its 175th branch in Balara Municipality in Sarlahi district.',
			'content' => '<p>July 4: Rastriya Banijya Bank (RBB) has opened its 175<sup>th</sup> branch in Balara Municipality in Sarlahi district.</p>

<p>Lawmaker Amaresh Kumar Singh of Nepali Congress inaugurated the branch amid a function organized on July 3.</p>

<p>&ldquo;Banks in local levels are important for the development of the concerned sector,&rdquo; said Singh during the inauguration.</p>

<p>Active participation of banks in urban, semi-urban and rural areas will help enhance the financial accessibility, said Dr Rabindra Prasad Pandey, chairman of RBB.</p>

<p>The bank aims to provide easy access to people by establishing branches in probable areas for sustainable financial expansion, informed Kiran Kumar Shrestha, CEO of RBB.</p>
',
			'published' => true,
			'created' => '2017-07-04',
			'modified' => '2017-07-05',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5923',
			'image' => null,
			'article_date' => '2017-07-04 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 10 => array(
		'Article' => array(
			'id' => '6138',
			'article_category_id' => '1',
			'title' => 'Shangri-La Development Banks’s chairman takes oath',
			'sub_title' => '',
			'summary' => 'Rabindra Prasad Shrestha has been appointed as the chairman of Shangri-La Development Bank.',
			'content' => '<p>July 4: Rabindra Prasad Shrestha has been appointed as the chairman of Shangri-La Development Bank.</p>

<p>Shrestha took the oath of office and secrecy on Monday, July 3 in accordance to the the Banks and Financial Institutions Act - 2073 BS, informed Dinesh Thakali, deputy CEO of Shangri-La Bank.</p>

<p>Deputy Governor of Nepal Rastra Bank (NRB) Chintamani Siwakoti was present during the oath-taking ceremony.</p>
',
			'published' => true,
			'created' => '2017-07-04',
			'modified' => '2017-07-05',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5922',
			'image' => null,
			'article_date' => '2017-07-04 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 11 => array(
		'Article' => array(
			'id' => '6137',
			'article_category_id' => '1',
			'title' => 'Government to Add 66 New Routes in Ktm Valley ',
			'sub_title' => 'Preparation to Operate 17 Large Buses',
			'summary' => 'With an objective of easing and managing the transportation system in the Kathmandu Valley, the government is adding 66 new routes in the capital from July 16.',
			'content' => '<p>July 4: With an objective of easing and managing the transportation system in the Kathmandu Valley, the government is adding 66 new routes in the capital from July 16.</p>

<p>The Project Implementation Unit under the Kathmandu Sustainable Urban Transportation Project (KSUTP) had identified the routes and recommended the Department of Transportation Management (DoTM) for implementation.</p>

<p>The DoTM has agreed to give permission to open the new routes. Currently, there are more than 200 routes in operation in the valley.</p>

<p>The project has recommended the new routes in order to manage the traffic congestion seen in the recent days. DoTM Spokesperson Tok Raj Pandey informed that new routes will come into operation after classifying them into three groups. The routes will be classified into primary, secondary and tertiary based on the capacity of vehicles that ply the routes.</p>

<p>The routes for operating large vehicles and public transportation will be classified as primary routes, while the secondary routes will be for medium-sized vehicles and tertiary routes for small vehicles. The Project Implementation Unit identified the routes in collaboration with the Asian Development Bank (ADB).</p>

<p>In the first phase of implementation, vehicles will be operated on trial basis in the 10-km route along Sinamangal-Ratnapark-lainchaur-Samakhusi-Gongabu-New Bus Park road, according to the Project Implementation Unit chief Khadga Lal Shrestha</p>

<p>&nbsp;&ldquo;We are signing a contract for the 10-km route, where 17 large buses will be operated,&rdquo; said Shrestha.</p>

<p>ADB will provide loan for 80 percent for the implementation of the project. Shrestha said that the loan and grant will be released through the Town Development Fund (TDF).</p>

<p>It has been estimated that the buses which will be operated by Digo Yatayat Pvt Ltd along the route will cost Rs 85 million, according to Shrestha.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-07-04',
			'modified' => '2017-07-04',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5921',
			'image' => null,
			'article_date' => '2017-07-04 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 12 => array(
		'Article' => array(
			'id' => '6136',
			'article_category_id' => '1',
			'title' => 'Upper Tamakoshi Project to Produce Additional Electricity from Diversion',
			'sub_title' => '',
			'summary' => 'The Upper Tama Koshi Hydropower Project is all set to produce an additional 22.5 megawatts of electricity from a diversion in Rolwaling. ',
			'content' => '<p>July 4: The Upper Tama Koshi Hydropower Project is all set to produce an additional 22.5 megawatts of electricity from a diversion in Rolwaling. The diversion was created so that the project would be able to produce 456 MW of electricity even during dry season. Initially, the diversion was supposed to add water to the project&rsquo;s reservoir but later a study revealed that the same diversion could be used to produce additional electricity with little investment, according to the project&rsquo;s spokesperson Dr Ganesh Neupane.</p>

<p>&ldquo;We applied for license to produce additional electricity after the feasibility study shed light on the possibility with low investment,&rdquo; said Neupane.</p>

<p>There are plans afoot to build a six-kilometer tunnel to release water to the Upper Tamakoshi reservoir from Rolwaling and in the due process electricity generation design is being made, informed Neupane.</p>

<p>The study has shown that even during extremely dry season, a minimum of 167 gigawatts of electricity can be generated from the Rolwaling diversion.</p>

<p>According to Neupane, works have already started for the transportation of materials, required for the diversion, from Lamabagar to Riku of Gaurishankar VDC after a tender bid. He further said that electricity will be generated from the diversion after the works of the Upper Tamakoshi project reaches the final phase.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-07-04',
			'modified' => '2017-07-04',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5920',
			'image' => '20170704033102_tamakoshi.jpg',
			'article_date' => '2017-07-04 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 13 => array(
		'Article' => array(
			'id' => '6135',
			'article_category_id' => '1',
			'title' => 'ACs Gaining Market in Nepal',
			'sub_title' => '',
			'summary' => 'The sales of air conditioners (AC) have increased with the rise in temperature. ',
			'content' => '<p>July 4: The sales of air conditioners (AC) have increased with the rise in temperature. Easy access and slashing prices are the other factors that have made ACs affordable even for the middle-class people, unlike in the past when it used to be bought only by the elites. ACs, which used to be available mostly in the Kathmandu Valley a few years ago, are now available is most of the places where there is electricity, according to the dealers of ACs.</p>

<p>More than a dozen national and international brands of ACs are available in the Nepali market. Himalayan Refrigeration and Electrical Industries, CG Electronics and Hilltake have been producing local brands of ACs. However, all of these local ACs are generally manufactured in China and assembled in Nepal. The price of ACs differ according to the brand, size and capacity. The minimum price of AC available in the local market is Rs 30,000.</p>

<p>The increase in number of integrated settlements, corporate offices, financial institutions and big industries in the recent years has also significantly increased the sales of ACs, according to the dealers.</p>

<p>The demand for ACs has increased by 40 percent at present. Unlike fans and heaters which serve only one purpose, ACs function both ways - give warmth during cold days and making the environment cool during hot days. &nbsp;Since the ACs can be used in both cold and hot seasons, it is in high demand throughout the year. However, the distributors of ACs say that comparatively there is more sale in summer than in winter.</p>

<p>Panasonic, LG, Haier, Samsung, Whirlpool, Fuji are some of the popular international brands available in the local markets of Nepal. Of late, even non-branded ACs have gained market. Such ACs are generally made for household use.</p>
',
			'published' => true,
			'created' => '2017-07-04',
			'modified' => '2017-07-04',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5919',
			'image' => null,
			'article_date' => '2017-07-04 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 14 => array(
		'Article' => array(
			'id' => '6134',
			'article_category_id' => '1',
			'title' => 'Bharatpur Flights up Due to Landslides',
			'sub_title' => 'People opt for safer air route to avoid landslide-prone Mugling-Narayanghat road section',
			'summary' => 'The pathetic condition of Mugling-Narayanghat road section has resulted in the rise in number of flights to Bharatpur airport.',
			'content' => '<p>July 4: The pathetic condition of Mugling-Narayanghat road section has resulted in the rise in number of flights to Bharatpur airport. With the onset of monsoon, the road section which is undergoing construction for widening into two lanes poses high risk of landslides. This has made the commuters opt for air route.</p>

<p>Private airlines companies including Buddha Air, Yeti Airlines and Simrik Air have been providing additional flights to meet the demands of the passengers.</p>

<p>Earlier, Buddha Air and Yeti Airlines used to have three regular flights to Bharatput. But now, they have up to nine flights per day.</p>

<p>According to Bharatpur airport, altogether 9212 passengers opted for flights to travel to and from Bharatpur to Kathmandu in the month of May. In June, 9282 people took flights to and from the airport.</p>

<p>Yeti Airlines&rsquo; branch manager &nbsp;Rajesh Singh said that problem arises when the passengers do not get the tickets. &ldquo;When the temperature goes down, we can adjust passengers for full flight. But when the temperature goes up, we have to reduce the number of passengers,&rdquo; he said.</p>

<p>The airport chief Pawan Kumar Gautam informed that the number of passengers has increased as compared to the previous month.</p>

<p>Yeti Airlines can accommodate up to 30 persons per flight while the carrying capacity of Buddha Air is between 47 to 82.</p>

<p>Sandeep Kumar Shrestha, a local of Bharatpur, says that he was forced to take a flight because of the poor condition of the Mugling-Narayanghat road section.</p>

<p>&ldquo;If I don&rsquo;t reach Kathmandu on time, I will miss my exams. But I haven&rsquo;t got the ticket since the last five days,&rdquo; he laments.</p>

<p>The air passengers have been suffering as the tickets have been booked since over a week. The ticketing problem has also affected the tourists who had come to visit Sauraha and Chitwan National Park.</p>

<p>&ldquo;The Mugling-Narayanghat road section has caused more damage than the earthquake,&rdquo; said Regional Hotel Association, Sauraha&rsquo;s President Suman Ghimire.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-07-04',
			'modified' => '2017-07-04',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5918',
			'image' => '20170704033247_Buddha.jpg',
			'article_date' => '2017-07-04 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	)
)
$current_user = null
$logged_in = false
simplexml_load_file - [internal], line ??
include - APP/View/Elements/side_bar.ctp, line 60
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/index.ctp, line 157
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117

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



    if(!$xml = simplexml_load_file($file)){
$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
$dataForView = array(
	'articles' => array(
		(int) 0 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 1 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 2 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 3 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 4 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 5 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 6 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 7 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 8 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 9 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 10 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 11 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 12 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 13 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 14 => array(
			'Article' => array(
				[maximum depth reached]
			)
		)
	),
	'current_user' => null,
	'logged_in' => false
)
$articles = array(
	(int) 0 => array(
		'Article' => array(
			'id' => '6149',
			'article_category_id' => '1',
			'title' => 'Mahalaxmi Chairman Takes Oath',
			'sub_title' => '',
			'summary' => ' Rajesh Upadhyay, newly-elected chairman of Mahalaxmi Bikas Bank (MBB), took the oath of office and secrecy on July 2.',
			'content' => '<p>July 5: Rajesh Upadhyay, newly-elected chairman of Mahalaxmi Bikas Bank (MBB), took the oath of office and secrecy on July 2.</p>

<p>Upadhayay took the oath in the presence of NRB official as per the requirement of the Banks and Financial Institutions Act- 2073 BS.</p>

<p>Upadhyay was elected as chairman of the bank after the merger of Yeti Development Bank and Mahalaxmi Bikas Bank.</p>
',
			'published' => true,
			'created' => '2017-07-05',
			'modified' => '2017-07-05',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5933',
			'image' => null,
			'article_date' => '2017-07-05 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 1 => array(
		'Article' => array(
			'id' => '6148',
			'article_category_id' => '1',
			'title' => 'Free Eye Check-up by Machhapuchchhre',
			'sub_title' => '',
			'summary' => 'The Narayangadh branch of Machhapuchchhre Bank organized a free eye check-up camp at Galeshwor Asharam in Devghat, recently.',
			'content' => '<p>July 5: The Narayangadh branch of Machhapuchchhre Bank organized a free eye check-up camp at Galeshwor Asharam in Devghat, recently.</p>

<p>A total of 163 people benefitted from the eye camp while spectacles were distributed free of cost to 49 people along with medicines.</p>

<p>The eye camp also referred 12 people for free cataract operation at Bharatpur Eye Hospital. The eye camp was organized as part of the bank&rsquo;s corporate social responsibility.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-07-05',
			'modified' => '2017-07-05',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5932',
			'image' => null,
			'article_date' => '2017-07-05 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 2 => array(
		'Article' => array(
			'id' => '6147',
			'article_category_id' => '1',
			'title' => 'Siddhartha Development Opens Branch in Hetauda:',
			'sub_title' => '',
			'summary' => ' Siddhartha Development Bank has opened a branch in Hetauda. ',
			'content' => '<p>July 5: Siddhartha Development Bank has opened a branch in Hetauda. &nbsp;Hari Bahadur Mahat, mayor of Hetauda Sub-metropolitan City inaugurated the branch amid a program on July 4.</p>

<p>&nbsp;Banks should invest more in development projects than in commercial loans, said Rajkumar Neupane, president of the Hetauda chapter of Federation of Nepalese Chamber of Commerce and Industry.&nbsp;</p>

<p>Ram Bahadur Bhandari, chairman of the bank, also inaugurated its ATM outlet during the program.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-07-05',
			'modified' => '2017-07-05',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5931',
			'image' => null,
			'article_date' => '2017-07-05 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 3 => array(
		'Article' => array(
			'id' => '6146',
			'article_category_id' => '1',
			'title' => 'Stakeholders Stress on Tourism Development for Nepal’s Prosperity',
			'sub_title' => '',
			'summary' => ' Concerned stakeholders have emphasized the need of tourism development in Nepal in order to lead the country to prosperity. ',
			'content' => '<p>July 5: Concerned stakeholders have emphasized the need of tourism development in Nepal in order to lead the country to prosperity. According to them, this sector has immense potential but the country has not been able to benefit from it.</p>

<p>The participants shared such views during an interaction on &lsquo;Nepal&rsquo;s tourism promotion in Asian countries&rsquo; organized by GP Koirala Foundation on the occasion of the late prime minister&rsquo;s 94<sup>th</sup> birth anniversary.</p>

<p>Speaking at the function, Finance Minister Gyanendra Bahadur Karki said Nepal holds immense potential in tourism sector that it was possible to achieve economic growth and create employment opportunities through tourism sector.</p>

<p>Nepali Congress leader and president of the foundation, Sujata Koirala, said that the time has come for us to implement the constitution and head toward economic prosperity.</p>

<p>Secretary at the Ministry of Culture, Tourism and Civil Aviation, Shankar Prasad Adhikari, stressed the need of connectivity with Asian countries as they contribute in 60 percent of tourists visiting Nepal.</p>

<p>Deepak Raj Joshi, chief executive officer of Nepal Tourism Board, informed that nearly 10 billion tourists set our on their journeys across the world every year.</p>
',
			'published' => true,
			'created' => '2017-07-05',
			'modified' => '2017-07-05',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5930',
			'image' => null,
			'article_date' => '2017-07-05 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 4 => array(
		'Article' => array(
			'id' => '6145',
			'article_category_id' => '1',
			'title' => 'Foreign Investment Down this Year',
			'sub_title' => '',
			'summary' => ' Rs100 billion less than  last FY',
			'content' => '<p>Foreign Direct Investment (FDI) in Nepal has gone down in the current fiscal year 2016-2017. Compared to the last fiscal year, foreign investment has drastically gone down this year. During the last fiscal year, foreign investment had decreased as a result of the devastating earthquake and blockade. However, this year it was expected to rise after the formation of laws related to investment, International Investment Summit, Infrastructure Summit and some other positive indicators.</p>

<p>Investors from different countries had also pledged to invest more than Rs 1400 billion during the International Investment Summit about four months ago, but those commitments haven&rsquo;t materialized yet.</p>

<p>During the last FY, foreign investment in Nepal was Rs 1525 billion. However, now the investment is just Rs 1420 billion. The amount is Rs 104 billion less than the previous year.</p>

<p>Foreign investment in Nepal couldn&rsquo;t increase in the current fiscal year as the country was still reeling under the effects of the earthquake and blockade of 2015, according to Shekhar Golchha, senior vice-president of FNCCI.</p>

<p>&ldquo;In terms of investment, there is relatively a better environment as compared to the past. The energy crisis has been solved to a great extent. Now, the effects of the blockade and earthquake will not last long. We can hope of increase in foreign investment in soon now,&rdquo; said Golchha.</p>

<p>Shankar Aryal, director general of the Department of Industry, said it was a matter of concern that Nepal has not able to attract foreign investment despite having favorable environment.</p>

<p>&quot;The government is trying its best to increase foreign investment.&nbsp; So, the effort of this year may bring good results in investment in the next year,&quot; he said.</p>

<p>Till date, investors from 91 countries have invested in Nepal. According to the statistics of DoI, the total foreign investment that Nepal has received till now is Rs 212 billion.</p>

<p>Foreign investment from the following countries has decreased:</p>

<p>Australia, Austria, Brazil, British Virgin Islands, China (main territory), Denmark, Japan, the Philippines, Russia, Singapore, Switzerland, Turkey, Great Britain,&nbsp; America, Columbia, Greece, Lebanon, Mauritius, Norway, Poland, Romania, Sweden, Syria, Yemen.</p>

<p>Foreign investment from the following countries has increased:</p>

<p>Bangladesh, Belgium, Canada, Hong Kong, Taiwan, Cyprus, France, Germany, India, Israel, Italy, Malaysia, Mexico, Netherlands (Antilles), Nigeria, Pakistan, Samoa, Saudi Arabia, South Korea, Spain, Thailand, The Netherlands.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-07-05',
			'modified' => '2017-07-05',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5929',
			'image' => null,
			'article_date' => '2017-07-05 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 5 => array(
		'Article' => array(
			'id' => '6144',
			'article_category_id' => '1',
			'title' => 'Airlines Operators Slice Internal Air Fare',
			'sub_title' => '',
			'summary' => 'Airlines operators of Nepal have decided to slice the fare of internal flights following the decrease in fuel prices.',
			'content' => '<p>July 5: Airlines operators of Nepal have decided to slice the fare of internal flights following the decrease in fuel prices.</p>

<p>Nepal Oil Corporation (NOC) had reduced the aviation fuel price by Rs 4 per liter a few days ago. Following the move, a meeting of the Airlines Operators Association of Nepal (AOAN) on June 4 decided to adjust the internal flight rates as per the reduced aviation fuel. According to Ghanashyam Acharya, spokesperson of AOAN, the new air fares will come into effect from July 5.</p>

<p>The air fares have been decreased by a minimum of Rs 45 to the maximum of Rs 200 with following the decision made by AOAN. Similarly, mountain flight fares will be less by Rs 238. The mountain flight fares which used to be Rs 11,000 earlier has fall to Rs 10,862.</p>

<p>NOC sliced the prices of petroleum products since July 2 as per the international rate. The new rate of aviation fuel is Rs 82, four rupees less from the earlier rate of Rs 86.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-07-05',
			'modified' => '2017-07-05',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5928',
			'image' => '20170705021352_NOC.jpg',
			'article_date' => '2017-07-05 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 6 => array(
		'Article' => array(
			'id' => '6142',
			'article_category_id' => '1',
			'title' => 'Govt Plan to Set Up Fuel Storage Facilities in Limbo',
			'sub_title' => '',
			'summary' => 'The government’s proposed plan to increase the storage capacity of petroleum products has been limited to paper works.',
			'content' => '<p>July 5: The government&rsquo;s proposed plan to increase the storage capacity of petroleum products has been limited to paper works. As per the proposal, the government is preparing to create storage facilities of fuel for up to three months. However, the plan is in limbo as the government has not been able to acquire the land required for the purpose.</p>

<p>Currently, Nepal has the capacity to store fuel only for 17 days. Although the government had made a commitment to set up facilities to store fuel for at least 90 days during the budget announcement of last fiscal year, no concrete steps has been taken to this end.</p>

<p>Nepal Oil Corporation (NOC)&rsquo;s Spokesperson Sitaram Pokharel said that this plan has hit a snag as the process to acquire lands in all seven provinces for the storage facilities has not yet gained any pace.</p>

<p>&ldquo;We had issued a tender notice for land required in all seven provinces for the storage facilities,&rdquo; said Pokharel, &ldquo;But we couldn&rsquo;t find land suitable for the purpose. This has also delayed the re-tender process.&rdquo;</p>

<p>Officials at the NOC informed that the state-run oil corporation has already purchased 50 bighas of land in Chitwan, 20 bighas in Jhapa and 17 bighas in Sarlahi but it is yet to buy land in other places. NOC officials further said that they will soon initiate the process to buy lands in other places.</p>

<p>Keeping in view the growing demand for petroleum products of late, the government had decided to create storage facilities for 424,000 kiloliters of fuel. Although the government has agreed in principle to set up such facilities, the process has been delayed due to various reasons.</p>

<p>NOC officials have identified the need for pipeline transfer of petroleum products to ease the supply chain, but, for this, it is essential to set up the storage facilities. At present, the consumers in Nepal have been facing crisis even if the supply of fuel is obstructed for a few days. &nbsp;</p>

<p>NOC officials informed that they have already spent Rs 5 billion for purchasing land. An additional Rs 10 billion is required for construction of depots, according to sources.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-07-05',
			'modified' => '2017-07-05',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5926',
			'image' => '20170705013752_noc.jpg',
			'article_date' => '2017-07-05 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 7 => array(
		'Article' => array(
			'id' => '6141',
			'article_category_id' => '1',
			'title' => 'Two Finance Companies Merge with Civil Bank',
			'sub_title' => '',
			'summary' => ' Governor of Nepal Rastra Bank (NRB), Chiranjive Nepal, said that the central bank is planning to boost financial activities across the nation by establishing new branches of various banks at local levels.',
			'content' => '<p>July 4: Governor of Nepal Rastra Bank (NRB), Chiranjive Nepal, said that the central bank is planning to boost financial activities across the nation by establishing new branches of various banks at local levels.</p>

<p>Speaking at the inauguration of integrated transaction of Civil Bank after merger with Hama Merchant and Finance Company and Unique Finance Company, Governor Nepal also said that the bank&rsquo;s contribution in providing financial access to rural communities is indispensable.</p>

<p>Mergers with various banks and financial institutions (BFIs) help to strengthen transactions and to invest in large projects and industrial businesses, said Govinda Gurung, CEO of Civil Bank.</p>

<p>The bank now has 53 branches. The paid-up capital of the bank has increased to Rs 5.18 billion, deposit to Rs 34.97 billion and lending has increased to Rs 31.22 billion, informed the CEO.</p>
',
			'published' => true,
			'created' => '2017-07-04',
			'modified' => '2017-07-04',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5925',
			'image' => '20170704042557_civil bank.jpg',
			'article_date' => '2017-07-04 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 8 => array(
		'Article' => array(
			'id' => '6140',
			'article_category_id' => '1',
			'title' => 'National Microfinance Enters Fourth Year',
			'sub_title' => '',
			'summary' => 'National Microfinance of Dhading Besi has entered its fourth year of operation.',
			'content' => '<p>July 4: National Microfinance of Dhading Besi has entered its fourth year of operation.</p>

<p>Promoted by 31 individuals of Dhading district as well as seven banks and financial institutions (BFIs) including Nepal Investment Bank, Kumari Bank, Siddhartha Bank and Mega Bank, the National Microfinance is a national-level finance company, which has been operating since July 2, 2014.</p>

<p>To celebrate its anniversary, the microfinance distributed stationery items to orphans and helpless children. Various branches of the institution celebrated in different ways, with some of them opting for financial literacy programs as well.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-07-04',
			'modified' => '2017-07-05',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5924',
			'image' => null,
			'article_date' => '2017-07-04 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 9 => array(
		'Article' => array(
			'id' => '6139',
			'article_category_id' => '1',
			'title' => 'RBB Opens New Branch in Sarlahi',
			'sub_title' => '',
			'summary' => 'Rastriya Banijya Bank (RBB) has opened its 175th branch in Balara Municipality in Sarlahi district.',
			'content' => '<p>July 4: Rastriya Banijya Bank (RBB) has opened its 175<sup>th</sup> branch in Balara Municipality in Sarlahi district.</p>

<p>Lawmaker Amaresh Kumar Singh of Nepali Congress inaugurated the branch amid a function organized on July 3.</p>

<p>&ldquo;Banks in local levels are important for the development of the concerned sector,&rdquo; said Singh during the inauguration.</p>

<p>Active participation of banks in urban, semi-urban and rural areas will help enhance the financial accessibility, said Dr Rabindra Prasad Pandey, chairman of RBB.</p>

<p>The bank aims to provide easy access to people by establishing branches in probable areas for sustainable financial expansion, informed Kiran Kumar Shrestha, CEO of RBB.</p>
',
			'published' => true,
			'created' => '2017-07-04',
			'modified' => '2017-07-05',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5923',
			'image' => null,
			'article_date' => '2017-07-04 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 10 => array(
		'Article' => array(
			'id' => '6138',
			'article_category_id' => '1',
			'title' => 'Shangri-La Development Banks’s chairman takes oath',
			'sub_title' => '',
			'summary' => 'Rabindra Prasad Shrestha has been appointed as the chairman of Shangri-La Development Bank.',
			'content' => '<p>July 4: Rabindra Prasad Shrestha has been appointed as the chairman of Shangri-La Development Bank.</p>

<p>Shrestha took the oath of office and secrecy on Monday, July 3 in accordance to the the Banks and Financial Institutions Act - 2073 BS, informed Dinesh Thakali, deputy CEO of Shangri-La Bank.</p>

<p>Deputy Governor of Nepal Rastra Bank (NRB) Chintamani Siwakoti was present during the oath-taking ceremony.</p>
',
			'published' => true,
			'created' => '2017-07-04',
			'modified' => '2017-07-05',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5922',
			'image' => null,
			'article_date' => '2017-07-04 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 11 => array(
		'Article' => array(
			'id' => '6137',
			'article_category_id' => '1',
			'title' => 'Government to Add 66 New Routes in Ktm Valley ',
			'sub_title' => 'Preparation to Operate 17 Large Buses',
			'summary' => 'With an objective of easing and managing the transportation system in the Kathmandu Valley, the government is adding 66 new routes in the capital from July 16.',
			'content' => '<p>July 4: With an objective of easing and managing the transportation system in the Kathmandu Valley, the government is adding 66 new routes in the capital from July 16.</p>

<p>The Project Implementation Unit under the Kathmandu Sustainable Urban Transportation Project (KSUTP) had identified the routes and recommended the Department of Transportation Management (DoTM) for implementation.</p>

<p>The DoTM has agreed to give permission to open the new routes. Currently, there are more than 200 routes in operation in the valley.</p>

<p>The project has recommended the new routes in order to manage the traffic congestion seen in the recent days. DoTM Spokesperson Tok Raj Pandey informed that new routes will come into operation after classifying them into three groups. The routes will be classified into primary, secondary and tertiary based on the capacity of vehicles that ply the routes.</p>

<p>The routes for operating large vehicles and public transportation will be classified as primary routes, while the secondary routes will be for medium-sized vehicles and tertiary routes for small vehicles. The Project Implementation Unit identified the routes in collaboration with the Asian Development Bank (ADB).</p>

<p>In the first phase of implementation, vehicles will be operated on trial basis in the 10-km route along Sinamangal-Ratnapark-lainchaur-Samakhusi-Gongabu-New Bus Park road, according to the Project Implementation Unit chief Khadga Lal Shrestha</p>

<p>&nbsp;&ldquo;We are signing a contract for the 10-km route, where 17 large buses will be operated,&rdquo; said Shrestha.</p>

<p>ADB will provide loan for 80 percent for the implementation of the project. Shrestha said that the loan and grant will be released through the Town Development Fund (TDF).</p>

<p>It has been estimated that the buses which will be operated by Digo Yatayat Pvt Ltd along the route will cost Rs 85 million, according to Shrestha.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-07-04',
			'modified' => '2017-07-04',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5921',
			'image' => null,
			'article_date' => '2017-07-04 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 12 => array(
		'Article' => array(
			'id' => '6136',
			'article_category_id' => '1',
			'title' => 'Upper Tamakoshi Project to Produce Additional Electricity from Diversion',
			'sub_title' => '',
			'summary' => 'The Upper Tama Koshi Hydropower Project is all set to produce an additional 22.5 megawatts of electricity from a diversion in Rolwaling. ',
			'content' => '<p>July 4: The Upper Tama Koshi Hydropower Project is all set to produce an additional 22.5 megawatts of electricity from a diversion in Rolwaling. The diversion was created so that the project would be able to produce 456 MW of electricity even during dry season. Initially, the diversion was supposed to add water to the project&rsquo;s reservoir but later a study revealed that the same diversion could be used to produce additional electricity with little investment, according to the project&rsquo;s spokesperson Dr Ganesh Neupane.</p>

<p>&ldquo;We applied for license to produce additional electricity after the feasibility study shed light on the possibility with low investment,&rdquo; said Neupane.</p>

<p>There are plans afoot to build a six-kilometer tunnel to release water to the Upper Tamakoshi reservoir from Rolwaling and in the due process electricity generation design is being made, informed Neupane.</p>

<p>The study has shown that even during extremely dry season, a minimum of 167 gigawatts of electricity can be generated from the Rolwaling diversion.</p>

<p>According to Neupane, works have already started for the transportation of materials, required for the diversion, from Lamabagar to Riku of Gaurishankar VDC after a tender bid. He further said that electricity will be generated from the diversion after the works of the Upper Tamakoshi project reaches the final phase.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-07-04',
			'modified' => '2017-07-04',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5920',
			'image' => '20170704033102_tamakoshi.jpg',
			'article_date' => '2017-07-04 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 13 => array(
		'Article' => array(
			'id' => '6135',
			'article_category_id' => '1',
			'title' => 'ACs Gaining Market in Nepal',
			'sub_title' => '',
			'summary' => 'The sales of air conditioners (AC) have increased with the rise in temperature. ',
			'content' => '<p>July 4: The sales of air conditioners (AC) have increased with the rise in temperature. Easy access and slashing prices are the other factors that have made ACs affordable even for the middle-class people, unlike in the past when it used to be bought only by the elites. ACs, which used to be available mostly in the Kathmandu Valley a few years ago, are now available is most of the places where there is electricity, according to the dealers of ACs.</p>

<p>More than a dozen national and international brands of ACs are available in the Nepali market. Himalayan Refrigeration and Electrical Industries, CG Electronics and Hilltake have been producing local brands of ACs. However, all of these local ACs are generally manufactured in China and assembled in Nepal. The price of ACs differ according to the brand, size and capacity. The minimum price of AC available in the local market is Rs 30,000.</p>

<p>The increase in number of integrated settlements, corporate offices, financial institutions and big industries in the recent years has also significantly increased the sales of ACs, according to the dealers.</p>

<p>The demand for ACs has increased by 40 percent at present. Unlike fans and heaters which serve only one purpose, ACs function both ways - give warmth during cold days and making the environment cool during hot days. &nbsp;Since the ACs can be used in both cold and hot seasons, it is in high demand throughout the year. However, the distributors of ACs say that comparatively there is more sale in summer than in winter.</p>

<p>Panasonic, LG, Haier, Samsung, Whirlpool, Fuji are some of the popular international brands available in the local markets of Nepal. Of late, even non-branded ACs have gained market. Such ACs are generally made for household use.</p>
',
			'published' => true,
			'created' => '2017-07-04',
			'modified' => '2017-07-04',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5919',
			'image' => null,
			'article_date' => '2017-07-04 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 14 => array(
		'Article' => array(
			'id' => '6134',
			'article_category_id' => '1',
			'title' => 'Bharatpur Flights up Due to Landslides',
			'sub_title' => 'People opt for safer air route to avoid landslide-prone Mugling-Narayanghat road section',
			'summary' => 'The pathetic condition of Mugling-Narayanghat road section has resulted in the rise in number of flights to Bharatpur airport.',
			'content' => '<p>July 4: The pathetic condition of Mugling-Narayanghat road section has resulted in the rise in number of flights to Bharatpur airport. With the onset of monsoon, the road section which is undergoing construction for widening into two lanes poses high risk of landslides. This has made the commuters opt for air route.</p>

<p>Private airlines companies including Buddha Air, Yeti Airlines and Simrik Air have been providing additional flights to meet the demands of the passengers.</p>

<p>Earlier, Buddha Air and Yeti Airlines used to have three regular flights to Bharatput. But now, they have up to nine flights per day.</p>

<p>According to Bharatpur airport, altogether 9212 passengers opted for flights to travel to and from Bharatpur to Kathmandu in the month of May. In June, 9282 people took flights to and from the airport.</p>

<p>Yeti Airlines&rsquo; branch manager &nbsp;Rajesh Singh said that problem arises when the passengers do not get the tickets. &ldquo;When the temperature goes down, we can adjust passengers for full flight. But when the temperature goes up, we have to reduce the number of passengers,&rdquo; he said.</p>

<p>The airport chief Pawan Kumar Gautam informed that the number of passengers has increased as compared to the previous month.</p>

<p>Yeti Airlines can accommodate up to 30 persons per flight while the carrying capacity of Buddha Air is between 47 to 82.</p>

<p>Sandeep Kumar Shrestha, a local of Bharatpur, says that he was forced to take a flight because of the poor condition of the Mugling-Narayanghat road section.</p>

<p>&ldquo;If I don&rsquo;t reach Kathmandu on time, I will miss my exams. But I haven&rsquo;t got the ticket since the last five days,&rdquo; he laments.</p>

<p>The air passengers have been suffering as the tickets have been booked since over a week. The ticketing problem has also affected the tourists who had come to visit Sauraha and Chitwan National Park.</p>

<p>&ldquo;The Mugling-Narayanghat road section has caused more damage than the earthquake,&rdquo; said Regional Hotel Association, Sauraha&rsquo;s President Suman Ghimire.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-07-04',
			'modified' => '2017-07-04',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5918',
			'image' => '20170704033247_Buddha.jpg',
			'article_date' => '2017-07-04 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	)
)
$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]
			)
		),
		(int) 2 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 3 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 4 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 5 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 6 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 7 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 8 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 9 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 10 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 11 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 12 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 13 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 14 => array(
			'Article' => array(
				[maximum depth reached]
			)
		)
	),
	'current_user' => null,
	'logged_in' => false
)
$articles = array(
	(int) 0 => array(
		'Article' => array(
			'id' => '6149',
			'article_category_id' => '1',
			'title' => 'Mahalaxmi Chairman Takes Oath',
			'sub_title' => '',
			'summary' => ' Rajesh Upadhyay, newly-elected chairman of Mahalaxmi Bikas Bank (MBB), took the oath of office and secrecy on July 2.',
			'content' => '<p>July 5: Rajesh Upadhyay, newly-elected chairman of Mahalaxmi Bikas Bank (MBB), took the oath of office and secrecy on July 2.</p>

<p>Upadhayay took the oath in the presence of NRB official as per the requirement of the Banks and Financial Institutions Act- 2073 BS.</p>

<p>Upadhyay was elected as chairman of the bank after the merger of Yeti Development Bank and Mahalaxmi Bikas Bank.</p>
',
			'published' => true,
			'created' => '2017-07-05',
			'modified' => '2017-07-05',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5933',
			'image' => null,
			'article_date' => '2017-07-05 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 1 => array(
		'Article' => array(
			'id' => '6148',
			'article_category_id' => '1',
			'title' => 'Free Eye Check-up by Machhapuchchhre',
			'sub_title' => '',
			'summary' => 'The Narayangadh branch of Machhapuchchhre Bank organized a free eye check-up camp at Galeshwor Asharam in Devghat, recently.',
			'content' => '<p>July 5: The Narayangadh branch of Machhapuchchhre Bank organized a free eye check-up camp at Galeshwor Asharam in Devghat, recently.</p>

<p>A total of 163 people benefitted from the eye camp while spectacles were distributed free of cost to 49 people along with medicines.</p>

<p>The eye camp also referred 12 people for free cataract operation at Bharatpur Eye Hospital. The eye camp was organized as part of the bank&rsquo;s corporate social responsibility.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-07-05',
			'modified' => '2017-07-05',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5932',
			'image' => null,
			'article_date' => '2017-07-05 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 2 => array(
		'Article' => array(
			'id' => '6147',
			'article_category_id' => '1',
			'title' => 'Siddhartha Development Opens Branch in Hetauda:',
			'sub_title' => '',
			'summary' => ' Siddhartha Development Bank has opened a branch in Hetauda. ',
			'content' => '<p>July 5: Siddhartha Development Bank has opened a branch in Hetauda. &nbsp;Hari Bahadur Mahat, mayor of Hetauda Sub-metropolitan City inaugurated the branch amid a program on July 4.</p>

<p>&nbsp;Banks should invest more in development projects than in commercial loans, said Rajkumar Neupane, president of the Hetauda chapter of Federation of Nepalese Chamber of Commerce and Industry.&nbsp;</p>

<p>Ram Bahadur Bhandari, chairman of the bank, also inaugurated its ATM outlet during the program.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-07-05',
			'modified' => '2017-07-05',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5931',
			'image' => null,
			'article_date' => '2017-07-05 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 3 => array(
		'Article' => array(
			'id' => '6146',
			'article_category_id' => '1',
			'title' => 'Stakeholders Stress on Tourism Development for Nepal’s Prosperity',
			'sub_title' => '',
			'summary' => ' Concerned stakeholders have emphasized the need of tourism development in Nepal in order to lead the country to prosperity. ',
			'content' => '<p>July 5: Concerned stakeholders have emphasized the need of tourism development in Nepal in order to lead the country to prosperity. According to them, this sector has immense potential but the country has not been able to benefit from it.</p>

<p>The participants shared such views during an interaction on &lsquo;Nepal&rsquo;s tourism promotion in Asian countries&rsquo; organized by GP Koirala Foundation on the occasion of the late prime minister&rsquo;s 94<sup>th</sup> birth anniversary.</p>

<p>Speaking at the function, Finance Minister Gyanendra Bahadur Karki said Nepal holds immense potential in tourism sector that it was possible to achieve economic growth and create employment opportunities through tourism sector.</p>

<p>Nepali Congress leader and president of the foundation, Sujata Koirala, said that the time has come for us to implement the constitution and head toward economic prosperity.</p>

<p>Secretary at the Ministry of Culture, Tourism and Civil Aviation, Shankar Prasad Adhikari, stressed the need of connectivity with Asian countries as they contribute in 60 percent of tourists visiting Nepal.</p>

<p>Deepak Raj Joshi, chief executive officer of Nepal Tourism Board, informed that nearly 10 billion tourists set our on their journeys across the world every year.</p>
',
			'published' => true,
			'created' => '2017-07-05',
			'modified' => '2017-07-05',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5930',
			'image' => null,
			'article_date' => '2017-07-05 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 4 => array(
		'Article' => array(
			'id' => '6145',
			'article_category_id' => '1',
			'title' => 'Foreign Investment Down this Year',
			'sub_title' => '',
			'summary' => ' Rs100 billion less than  last FY',
			'content' => '<p>Foreign Direct Investment (FDI) in Nepal has gone down in the current fiscal year 2016-2017. Compared to the last fiscal year, foreign investment has drastically gone down this year. During the last fiscal year, foreign investment had decreased as a result of the devastating earthquake and blockade. However, this year it was expected to rise after the formation of laws related to investment, International Investment Summit, Infrastructure Summit and some other positive indicators.</p>

<p>Investors from different countries had also pledged to invest more than Rs 1400 billion during the International Investment Summit about four months ago, but those commitments haven&rsquo;t materialized yet.</p>

<p>During the last FY, foreign investment in Nepal was Rs 1525 billion. However, now the investment is just Rs 1420 billion. The amount is Rs 104 billion less than the previous year.</p>

<p>Foreign investment in Nepal couldn&rsquo;t increase in the current fiscal year as the country was still reeling under the effects of the earthquake and blockade of 2015, according to Shekhar Golchha, senior vice-president of FNCCI.</p>

<p>&ldquo;In terms of investment, there is relatively a better environment as compared to the past. The energy crisis has been solved to a great extent. Now, the effects of the blockade and earthquake will not last long. We can hope of increase in foreign investment in soon now,&rdquo; said Golchha.</p>

<p>Shankar Aryal, director general of the Department of Industry, said it was a matter of concern that Nepal has not able to attract foreign investment despite having favorable environment.</p>

<p>&quot;The government is trying its best to increase foreign investment.&nbsp; So, the effort of this year may bring good results in investment in the next year,&quot; he said.</p>

<p>Till date, investors from 91 countries have invested in Nepal. According to the statistics of DoI, the total foreign investment that Nepal has received till now is Rs 212 billion.</p>

<p>Foreign investment from the following countries has decreased:</p>

<p>Australia, Austria, Brazil, British Virgin Islands, China (main territory), Denmark, Japan, the Philippines, Russia, Singapore, Switzerland, Turkey, Great Britain,&nbsp; America, Columbia, Greece, Lebanon, Mauritius, Norway, Poland, Romania, Sweden, Syria, Yemen.</p>

<p>Foreign investment from the following countries has increased:</p>

<p>Bangladesh, Belgium, Canada, Hong Kong, Taiwan, Cyprus, France, Germany, India, Israel, Italy, Malaysia, Mexico, Netherlands (Antilles), Nigeria, Pakistan, Samoa, Saudi Arabia, South Korea, Spain, Thailand, The Netherlands.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-07-05',
			'modified' => '2017-07-05',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5929',
			'image' => null,
			'article_date' => '2017-07-05 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 5 => array(
		'Article' => array(
			'id' => '6144',
			'article_category_id' => '1',
			'title' => 'Airlines Operators Slice Internal Air Fare',
			'sub_title' => '',
			'summary' => 'Airlines operators of Nepal have decided to slice the fare of internal flights following the decrease in fuel prices.',
			'content' => '<p>July 5: Airlines operators of Nepal have decided to slice the fare of internal flights following the decrease in fuel prices.</p>

<p>Nepal Oil Corporation (NOC) had reduced the aviation fuel price by Rs 4 per liter a few days ago. Following the move, a meeting of the Airlines Operators Association of Nepal (AOAN) on June 4 decided to adjust the internal flight rates as per the reduced aviation fuel. According to Ghanashyam Acharya, spokesperson of AOAN, the new air fares will come into effect from July 5.</p>

<p>The air fares have been decreased by a minimum of Rs 45 to the maximum of Rs 200 with following the decision made by AOAN. Similarly, mountain flight fares will be less by Rs 238. The mountain flight fares which used to be Rs 11,000 earlier has fall to Rs 10,862.</p>

<p>NOC sliced the prices of petroleum products since July 2 as per the international rate. The new rate of aviation fuel is Rs 82, four rupees less from the earlier rate of Rs 86.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-07-05',
			'modified' => '2017-07-05',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5928',
			'image' => '20170705021352_NOC.jpg',
			'article_date' => '2017-07-05 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 6 => array(
		'Article' => array(
			'id' => '6142',
			'article_category_id' => '1',
			'title' => 'Govt Plan to Set Up Fuel Storage Facilities in Limbo',
			'sub_title' => '',
			'summary' => 'The government’s proposed plan to increase the storage capacity of petroleum products has been limited to paper works.',
			'content' => '<p>July 5: The government&rsquo;s proposed plan to increase the storage capacity of petroleum products has been limited to paper works. As per the proposal, the government is preparing to create storage facilities of fuel for up to three months. However, the plan is in limbo as the government has not been able to acquire the land required for the purpose.</p>

<p>Currently, Nepal has the capacity to store fuel only for 17 days. Although the government had made a commitment to set up facilities to store fuel for at least 90 days during the budget announcement of last fiscal year, no concrete steps has been taken to this end.</p>

<p>Nepal Oil Corporation (NOC)&rsquo;s Spokesperson Sitaram Pokharel said that this plan has hit a snag as the process to acquire lands in all seven provinces for the storage facilities has not yet gained any pace.</p>

<p>&ldquo;We had issued a tender notice for land required in all seven provinces for the storage facilities,&rdquo; said Pokharel, &ldquo;But we couldn&rsquo;t find land suitable for the purpose. This has also delayed the re-tender process.&rdquo;</p>

<p>Officials at the NOC informed that the state-run oil corporation has already purchased 50 bighas of land in Chitwan, 20 bighas in Jhapa and 17 bighas in Sarlahi but it is yet to buy land in other places. NOC officials further said that they will soon initiate the process to buy lands in other places.</p>

<p>Keeping in view the growing demand for petroleum products of late, the government had decided to create storage facilities for 424,000 kiloliters of fuel. Although the government has agreed in principle to set up such facilities, the process has been delayed due to various reasons.</p>

<p>NOC officials have identified the need for pipeline transfer of petroleum products to ease the supply chain, but, for this, it is essential to set up the storage facilities. At present, the consumers in Nepal have been facing crisis even if the supply of fuel is obstructed for a few days. &nbsp;</p>

<p>NOC officials informed that they have already spent Rs 5 billion for purchasing land. An additional Rs 10 billion is required for construction of depots, according to sources.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-07-05',
			'modified' => '2017-07-05',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5926',
			'image' => '20170705013752_noc.jpg',
			'article_date' => '2017-07-05 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 7 => array(
		'Article' => array(
			'id' => '6141',
			'article_category_id' => '1',
			'title' => 'Two Finance Companies Merge with Civil Bank',
			'sub_title' => '',
			'summary' => ' Governor of Nepal Rastra Bank (NRB), Chiranjive Nepal, said that the central bank is planning to boost financial activities across the nation by establishing new branches of various banks at local levels.',
			'content' => '<p>July 4: Governor of Nepal Rastra Bank (NRB), Chiranjive Nepal, said that the central bank is planning to boost financial activities across the nation by establishing new branches of various banks at local levels.</p>

<p>Speaking at the inauguration of integrated transaction of Civil Bank after merger with Hama Merchant and Finance Company and Unique Finance Company, Governor Nepal also said that the bank&rsquo;s contribution in providing financial access to rural communities is indispensable.</p>

<p>Mergers with various banks and financial institutions (BFIs) help to strengthen transactions and to invest in large projects and industrial businesses, said Govinda Gurung, CEO of Civil Bank.</p>

<p>The bank now has 53 branches. The paid-up capital of the bank has increased to Rs 5.18 billion, deposit to Rs 34.97 billion and lending has increased to Rs 31.22 billion, informed the CEO.</p>
',
			'published' => true,
			'created' => '2017-07-04',
			'modified' => '2017-07-04',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5925',
			'image' => '20170704042557_civil bank.jpg',
			'article_date' => '2017-07-04 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 8 => array(
		'Article' => array(
			'id' => '6140',
			'article_category_id' => '1',
			'title' => 'National Microfinance Enters Fourth Year',
			'sub_title' => '',
			'summary' => 'National Microfinance of Dhading Besi has entered its fourth year of operation.',
			'content' => '<p>July 4: National Microfinance of Dhading Besi has entered its fourth year of operation.</p>

<p>Promoted by 31 individuals of Dhading district as well as seven banks and financial institutions (BFIs) including Nepal Investment Bank, Kumari Bank, Siddhartha Bank and Mega Bank, the National Microfinance is a national-level finance company, which has been operating since July 2, 2014.</p>

<p>To celebrate its anniversary, the microfinance distributed stationery items to orphans and helpless children. Various branches of the institution celebrated in different ways, with some of them opting for financial literacy programs as well.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-07-04',
			'modified' => '2017-07-05',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5924',
			'image' => null,
			'article_date' => '2017-07-04 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 9 => array(
		'Article' => array(
			'id' => '6139',
			'article_category_id' => '1',
			'title' => 'RBB Opens New Branch in Sarlahi',
			'sub_title' => '',
			'summary' => 'Rastriya Banijya Bank (RBB) has opened its 175th branch in Balara Municipality in Sarlahi district.',
			'content' => '<p>July 4: Rastriya Banijya Bank (RBB) has opened its 175<sup>th</sup> branch in Balara Municipality in Sarlahi district.</p>

<p>Lawmaker Amaresh Kumar Singh of Nepali Congress inaugurated the branch amid a function organized on July 3.</p>

<p>&ldquo;Banks in local levels are important for the development of the concerned sector,&rdquo; said Singh during the inauguration.</p>

<p>Active participation of banks in urban, semi-urban and rural areas will help enhance the financial accessibility, said Dr Rabindra Prasad Pandey, chairman of RBB.</p>

<p>The bank aims to provide easy access to people by establishing branches in probable areas for sustainable financial expansion, informed Kiran Kumar Shrestha, CEO of RBB.</p>
',
			'published' => true,
			'created' => '2017-07-04',
			'modified' => '2017-07-05',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5923',
			'image' => null,
			'article_date' => '2017-07-04 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 10 => array(
		'Article' => array(
			'id' => '6138',
			'article_category_id' => '1',
			'title' => 'Shangri-La Development Banks’s chairman takes oath',
			'sub_title' => '',
			'summary' => 'Rabindra Prasad Shrestha has been appointed as the chairman of Shangri-La Development Bank.',
			'content' => '<p>July 4: Rabindra Prasad Shrestha has been appointed as the chairman of Shangri-La Development Bank.</p>

<p>Shrestha took the oath of office and secrecy on Monday, July 3 in accordance to the the Banks and Financial Institutions Act - 2073 BS, informed Dinesh Thakali, deputy CEO of Shangri-La Bank.</p>

<p>Deputy Governor of Nepal Rastra Bank (NRB) Chintamani Siwakoti was present during the oath-taking ceremony.</p>
',
			'published' => true,
			'created' => '2017-07-04',
			'modified' => '2017-07-05',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5922',
			'image' => null,
			'article_date' => '2017-07-04 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 11 => array(
		'Article' => array(
			'id' => '6137',
			'article_category_id' => '1',
			'title' => 'Government to Add 66 New Routes in Ktm Valley ',
			'sub_title' => 'Preparation to Operate 17 Large Buses',
			'summary' => 'With an objective of easing and managing the transportation system in the Kathmandu Valley, the government is adding 66 new routes in the capital from July 16.',
			'content' => '<p>July 4: With an objective of easing and managing the transportation system in the Kathmandu Valley, the government is adding 66 new routes in the capital from July 16.</p>

<p>The Project Implementation Unit under the Kathmandu Sustainable Urban Transportation Project (KSUTP) had identified the routes and recommended the Department of Transportation Management (DoTM) for implementation.</p>

<p>The DoTM has agreed to give permission to open the new routes. Currently, there are more than 200 routes in operation in the valley.</p>

<p>The project has recommended the new routes in order to manage the traffic congestion seen in the recent days. DoTM Spokesperson Tok Raj Pandey informed that new routes will come into operation after classifying them into three groups. The routes will be classified into primary, secondary and tertiary based on the capacity of vehicles that ply the routes.</p>

<p>The routes for operating large vehicles and public transportation will be classified as primary routes, while the secondary routes will be for medium-sized vehicles and tertiary routes for small vehicles. The Project Implementation Unit identified the routes in collaboration with the Asian Development Bank (ADB).</p>

<p>In the first phase of implementation, vehicles will be operated on trial basis in the 10-km route along Sinamangal-Ratnapark-lainchaur-Samakhusi-Gongabu-New Bus Park road, according to the Project Implementation Unit chief Khadga Lal Shrestha</p>

<p>&nbsp;&ldquo;We are signing a contract for the 10-km route, where 17 large buses will be operated,&rdquo; said Shrestha.</p>

<p>ADB will provide loan for 80 percent for the implementation of the project. Shrestha said that the loan and grant will be released through the Town Development Fund (TDF).</p>

<p>It has been estimated that the buses which will be operated by Digo Yatayat Pvt Ltd along the route will cost Rs 85 million, according to Shrestha.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-07-04',
			'modified' => '2017-07-04',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5921',
			'image' => null,
			'article_date' => '2017-07-04 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 12 => array(
		'Article' => array(
			'id' => '6136',
			'article_category_id' => '1',
			'title' => 'Upper Tamakoshi Project to Produce Additional Electricity from Diversion',
			'sub_title' => '',
			'summary' => 'The Upper Tama Koshi Hydropower Project is all set to produce an additional 22.5 megawatts of electricity from a diversion in Rolwaling. ',
			'content' => '<p>July 4: The Upper Tama Koshi Hydropower Project is all set to produce an additional 22.5 megawatts of electricity from a diversion in Rolwaling. The diversion was created so that the project would be able to produce 456 MW of electricity even during dry season. Initially, the diversion was supposed to add water to the project&rsquo;s reservoir but later a study revealed that the same diversion could be used to produce additional electricity with little investment, according to the project&rsquo;s spokesperson Dr Ganesh Neupane.</p>

<p>&ldquo;We applied for license to produce additional electricity after the feasibility study shed light on the possibility with low investment,&rdquo; said Neupane.</p>

<p>There are plans afoot to build a six-kilometer tunnel to release water to the Upper Tamakoshi reservoir from Rolwaling and in the due process electricity generation design is being made, informed Neupane.</p>

<p>The study has shown that even during extremely dry season, a minimum of 167 gigawatts of electricity can be generated from the Rolwaling diversion.</p>

<p>According to Neupane, works have already started for the transportation of materials, required for the diversion, from Lamabagar to Riku of Gaurishankar VDC after a tender bid. He further said that electricity will be generated from the diversion after the works of the Upper Tamakoshi project reaches the final phase.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-07-04',
			'modified' => '2017-07-04',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5920',
			'image' => '20170704033102_tamakoshi.jpg',
			'article_date' => '2017-07-04 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 13 => array(
		'Article' => array(
			'id' => '6135',
			'article_category_id' => '1',
			'title' => 'ACs Gaining Market in Nepal',
			'sub_title' => '',
			'summary' => 'The sales of air conditioners (AC) have increased with the rise in temperature. ',
			'content' => '<p>July 4: The sales of air conditioners (AC) have increased with the rise in temperature. Easy access and slashing prices are the other factors that have made ACs affordable even for the middle-class people, unlike in the past when it used to be bought only by the elites. ACs, which used to be available mostly in the Kathmandu Valley a few years ago, are now available is most of the places where there is electricity, according to the dealers of ACs.</p>

<p>More than a dozen national and international brands of ACs are available in the Nepali market. Himalayan Refrigeration and Electrical Industries, CG Electronics and Hilltake have been producing local brands of ACs. However, all of these local ACs are generally manufactured in China and assembled in Nepal. The price of ACs differ according to the brand, size and capacity. The minimum price of AC available in the local market is Rs 30,000.</p>

<p>The increase in number of integrated settlements, corporate offices, financial institutions and big industries in the recent years has also significantly increased the sales of ACs, according to the dealers.</p>

<p>The demand for ACs has increased by 40 percent at present. Unlike fans and heaters which serve only one purpose, ACs function both ways - give warmth during cold days and making the environment cool during hot days. &nbsp;Since the ACs can be used in both cold and hot seasons, it is in high demand throughout the year. However, the distributors of ACs say that comparatively there is more sale in summer than in winter.</p>

<p>Panasonic, LG, Haier, Samsung, Whirlpool, Fuji are some of the popular international brands available in the local markets of Nepal. Of late, even non-branded ACs have gained market. Such ACs are generally made for household use.</p>
',
			'published' => true,
			'created' => '2017-07-04',
			'modified' => '2017-07-04',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5919',
			'image' => null,
			'article_date' => '2017-07-04 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 14 => array(
		'Article' => array(
			'id' => '6134',
			'article_category_id' => '1',
			'title' => 'Bharatpur Flights up Due to Landslides',
			'sub_title' => 'People opt for safer air route to avoid landslide-prone Mugling-Narayanghat road section',
			'summary' => 'The pathetic condition of Mugling-Narayanghat road section has resulted in the rise in number of flights to Bharatpur airport.',
			'content' => '<p>July 4: The pathetic condition of Mugling-Narayanghat road section has resulted in the rise in number of flights to Bharatpur airport. With the onset of monsoon, the road section which is undergoing construction for widening into two lanes poses high risk of landslides. This has made the commuters opt for air route.</p>

<p>Private airlines companies including Buddha Air, Yeti Airlines and Simrik Air have been providing additional flights to meet the demands of the passengers.</p>

<p>Earlier, Buddha Air and Yeti Airlines used to have three regular flights to Bharatput. But now, they have up to nine flights per day.</p>

<p>According to Bharatpur airport, altogether 9212 passengers opted for flights to travel to and from Bharatpur to Kathmandu in the month of May. In June, 9282 people took flights to and from the airport.</p>

<p>Yeti Airlines&rsquo; branch manager &nbsp;Rajesh Singh said that problem arises when the passengers do not get the tickets. &ldquo;When the temperature goes down, we can adjust passengers for full flight. But when the temperature goes up, we have to reduce the number of passengers,&rdquo; he said.</p>

<p>The airport chief Pawan Kumar Gautam informed that the number of passengers has increased as compared to the previous month.</p>

<p>Yeti Airlines can accommodate up to 30 persons per flight while the carrying capacity of Buddha Air is between 47 to 82.</p>

<p>Sandeep Kumar Shrestha, a local of Bharatpur, says that he was forced to take a flight because of the poor condition of the Mugling-Narayanghat road section.</p>

<p>&ldquo;If I don&rsquo;t reach Kathmandu on time, I will miss my exams. But I haven&rsquo;t got the ticket since the last five days,&rdquo; he laments.</p>

<p>The air passengers have been suffering as the tickets have been booked since over a week. The ticketing problem has also affected the tourists who had come to visit Sauraha and Chitwan National Park.</p>

<p>&ldquo;The Mugling-Narayanghat road section has caused more damage than the earthquake,&rdquo; said Regional Hotel Association, Sauraha&rsquo;s President Suman Ghimire.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-07-04',
			'modified' => '2017-07-04',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5918',
			'image' => '20170704033247_Buddha.jpg',
			'article_date' => '2017-07-04 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	)
)
$current_user = null
$logged_in = false
$xml = false
simplexml_load_file - [internal], line ??
include - APP/View/Elements/side_bar.ctp, line 133
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/index.ctp, line 157
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117