Nabil Bank and consulting firm Finlit Nepal have entered into a pact to conduct financial literacy awareness programmes at Besishahar Municipality in Lamjung…
Nabil Bank and consulting firm Finlit Nepal have entered into a pact to conduct financial literacy awareness programmes at Besishahar Municipality in Lamjung…
Business house MS Group has started a new venture named Millennia Global. MS Group in a press statement informed that the new company has been established aiming at millennial's group of Nepalis (those born between 1980 and…
Remit company IME has celebrated its 17th anniversary organising various programs on June…
Yeti Development Bank has organised a financial literacy program at Bhanu Secondary School of Makwanpurgadhi-3,…
United Finance Limited has introduced free ASBA facility to its customers. According to the finance, the new service will make it easy for the customers to invest in easy, convenient and safer manners while applying for the public offerings of…
Swarojgar Laghubitta Bikas Bank has opened three branches in Rautahat. Three new outlets are located at Harsaha of Sakhuwa Dhamaura, Bijaypur of Laxminia and Chandranighapur of…
A train has arrived in Birgunj Dry Port for the first time with containers from the Indian port city of Vishakhapatnam, fifteen months after the agreement between Nepal and India that allows Nepal transit facilities to use the…
June 13: Nepal has been listed in the third place among the fastest growing economies in the world. A report by World Economic Forum (WEF) made this revelation…
June 13: Dr. Chiranjivi Nepal, Governor of Nepal Rastra Bank (NRB) has emphasized on opening new branches in every local level if we are to establish commercial…
June 13: Sipradi Trading is awarded with the World’s Best Distributor Award- 2016 of TATA…
June 12: IFC, a member of the World Bank Group, is investing another $7.3 million into Business Oxygen (BO2), Nepal’s first private equity fund. The investment is being made through two funds managed by IFC, financed by the Climate Investment Funds and United Kingdom’s Department for International Development (DFID), said the international financial institution. The investment will help BO2 increase its financing for small businesses to help them cope with climate…
June 12: The private telecommunications service providing company, Smart Telecom will be starting its 4G service from July…
June 12: The Outer Ring Road Project has reached its implementation phase. The government is publishing a 35-day public notice to acquire land this week for the construction of the first phase 6.9 km Chovar-Gamcha-Satungal…
June 12: Muktinath Bikas Bank has started branches in Manhari, Makwanpur and Daldale, Nawalparasi. Rajaram Syangtan, Member of Parliament from Makwanpur, Province no 3 inaugurated the Manhari branch whereas Purna Kumar Shrestha, Mayor of Devchuli Municipality inaugurated the Daldale branch amid a program…
June 12: Nepal Bangladesh Bank (NB) has opened a branch in Mitrapark, Kathmandu. Jalal Ahmed, Chairman of NB Bank inaugurated the branch amid a program on June 8. In the program,…
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MS Group in a press statement informed that the new company has been established aiming at millennial's group of Nepalis (those born between 1980 and 2000)', 'content' => '<p>June 15: Business house MS Group has started a new venture named Millennia Global.</p> <p>MS Group in a press statement informed that the new company has been established aiming at millennial's group of Nepalis (those born between 1980 and 2000). As per the statement, the new company will also join hands with multinational companies for the purpose.</p> <p>“The venture is established to provide high-end brands to Nepalis”, said Umanga Agrawal, Chairman and CEO of MS Group.</p> <p style="text-align: justify;">He further added, “Millennia Global will think as per the Nepali millennial’s perspective and will focus more on providing quality after-sales services.” According to Agrawal, MS group will step in automobile, education, home development, FMCG and retail sub-sectors. </p> ', 'published' => true, 'created' => '2017-06-15', 'modified' => '2017-06-15', 'keywords' => '', 'description' => '', 'sortorder' => '5840', 'image' => '20170615062751_MS.jpg', 'article_date' => '2017-06-15 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '6055', 'article_category_id' => '1', 'title' => 'IME Celebrates 17th Anniversary ', 'sub_title' => '', 'summary' => 'Remit company IME has celebrated its 17th anniversary organising various programs on June 13', 'content' => '<p>June 15: Remittance company IME has celebrated 17th anniversary organising various programs on June 13. The company marked the day with the slogan “17<sup>th</sup> Anniversary of New Technology”.</p> <p style="text-align: justify;">The company organised sports competition for employees. Hemraj Dhakal, Managing Director of IME handed over trophy to the winners of the competition. Similarly, it distributed prizes to its 34 customers. The winners were selected through a lucky draw. </p> ', 'published' => true, 'created' => '2017-06-15', 'modified' => '2017-06-15', 'keywords' => '', 'description' => '', 'sortorder' => '5839', 'image' => '20170615062246_ime.jpg', 'article_date' => '2017-06-15 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '6054', 'article_category_id' => '1', 'title' => 'Yeti’s Financial Literacy Program ', 'sub_title' => '', 'summary' => 'Yeti Development Bank has organised a financial literacy program at Bhanu Secondary School of Makwanpurgadhi-3, Hetauda', 'content' => '<p style="text-align: justify;">June 15: Yeti Development Bank has organised a financial literacy program at Bhanu Secondary School of Makwanpurgadhi-3, Hetauda. The bank informed that the students of the school given knowledge regarding the importance of saving, use of ATM card, mobile banking and loan amid a program held on Monday. Rajesh Lamichhane, manager of Yeti bank and Sarina Manandhar, Head of Credit Department, jointly conducted the program attended by the school’s students of grade 9 and 10. The bank also distributed stationery products to the 61 students present in the program. </p> ', 'published' => true, 'created' => '2017-06-15', 'modified' => '2017-06-15', 'keywords' => '', 'description' => '', 'sortorder' => '5838', 'image' => '20170615021043_yeti.jpg', 'article_date' => '2017-06-15 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '6053', 'article_category_id' => '1', 'title' => 'United Finance’s Free ASBA Facility', 'sub_title' => '', 'summary' => 'United Finance Limited has introduced free ASBA facility to its customers. According to the finance, the new service will make it easy for the customers to invest in easy, convenient and safer manners while applying for the public offerings of share', 'content' => '<p style="text-align: justify;">June 15: United Finance Limited has introduced free ASBA facility to its customers. According to the finance, the new service will make it easy for the customers to invest in easy, convenient and safer manners while applying for the public offerings of share. The free ASBA facility is available at the head office as well as all branches of the finance.</p> ', 'published' => true, 'created' => '2017-06-15', 'modified' => '2017-06-15', 'keywords' => '', 'description' => '', 'sortorder' => '5837', 'image' => '20170615020947_united.jpg', 'article_date' => '2017-06-15 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '6052', 'article_category_id' => '1', 'title' => 'Swarojgar Laghubitta Opens 3 Branches in Rautahat', 'sub_title' => '', 'summary' => 'Swarojgar Laghubitta Bikas Bank has opened three branches in Rautahat. Three new outlets are located at Harsaha of Sakhuwa Dhamaura, Bijaypur of Laxminia and Chandranighapur of Chandrapur', 'content' => '<p style="text-align: justify;">June 15: Swarojgar Laghubitta Bikas Bank has opened three branches in Rautahat. Three new outlets are located at Harsaha of Sakhuwa Dhamaura, Bijaypur of Laxminia and Chandranighapur of Chandrapur. “Swarojgar has invested a total of Rs 83.5 million in these three branches,” said Sanjay Kumar Chaudhary, Manager of Harsha branch. The microfinance institution has opened its two braches after a successful year of establishment of a branch in Harsha in 2016. With the addition, it now has a total of 22 branches across the country.</p> ', 'published' => true, 'created' => '2017-06-15', 'modified' => '2017-06-15', 'keywords' => '', 'description' => '', 'sortorder' => '5836', 'image' => null, 'article_date' => '2017-06-15 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '6051', 'article_category_id' => '1', 'title' => 'Vishakhapatnam-Birgunj Dry Port Container Transport', 'sub_title' => 'Container Train Arrives After 15 Months of Agreement', 'summary' => 'A train has arrived in Birgunj Dry Port for the first time with containers from the Indian port city of Vishakhapatnam, fifteen months after the agreement between Nepal and India that allows Nepal transit facilities to use the port', 'content' => '<p> June 14: A train has arrived in Birgunj Dry Port for the first time with containers from the Indian port city of Vishakhapatnam, fifteen months after the agreement between Nepal and India that allows Nepal transit facilities to use the port. </p> <p>The container train arrived on Monday night with 50 containers. According to Animesh Kumar, Senior Officer of the Himalayan Terminal Pvt Ltd, the port operators, the train arrived in five days from Vishakhapatnam.</p> <p> It came with a cargo of 50 containers of furnace oil and mustard seeds, he told Arthik Abhiyan daily. The train left on June 7 from Vishakhapatnam for Birgunj. Earlier, the importers used to bring the containers from Kolkata and Haldiya. There was no such transportation from Vishakhapatnam so far. </p> <p>Thirty out of the 50 containers has furnace oil. It is imported by the Rauniyar Brothers of Birgunj from Dubai and Kuwait. Likewise, Mahabir Overseas of Birgunj also brought 20 containers of mustard seeds from Australia. The Maersk Shipping Line transported the first cargo from Vishakhapatnam. Most of the shipping companies so far transported containers from Calcutta and Haldiya.</p> <p>The Maersk Line provides five-day period free for the containers brought to Birgunj, the Himalayan Terminal said.</p> <p>In Kolkata port, the importers get 14 days free in trade with third countries. Most importers say they have to pay hefty fines to the shipping company for failing to return the containers in time. </p> ', 'published' => true, 'created' => '2017-06-14', 'modified' => '2017-06-14', 'keywords' => '', 'description' => '', 'sortorder' => '5835', 'image' => '20170614053352_vigaz.JPG', 'article_date' => '2017-06-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '6050', 'article_category_id' => '1', 'title' => 'Nepal Ranked Third Among Fastest Growing Economies: WEF', 'sub_title' => '', 'summary' => 'June 13: Nepal has been listed in the third place among the fastest growing economies in the world. A report by World Economic Forum (WEF) made this revelation proje', 'content' => '<p style="text-align: justify;">June 13: Nepal has been listed in the third place among the fastest growing economies in the world. A report by World Economic Forum (WEF) made this revelation projecting that Nepal's economic growth will be 7.5 percent in 2017 on the basis of World Bank research.</p> <p style="text-align: justify;">The report stated that Nepal will achieve the astounding economic growth rate thanks to favorable climate, speedy reconstruction works after the earthquake and balanced trade with India.</p> <p style="text-align: justify;">Similarly, the report which was unveiled on June 9 has projected that India will be the fourth fastest growing economy. India ranked in fourth position with the economic growth rate of 7.2 percent due to its increase in import and government expenditure.</p> <p style="text-align: justify;">Ethiopia has topped the list with an economic growth rate of 8.3 percent. Ethiopia is followed by Uzbekistan with 7.6 percent growth rate. The country ranked in second position due to the increase of petroleum production and price hike of petroleum products in global market.</p> <p style="text-align: justify;">Among the 10 fastest growing economies, Tanzania also ranked fourth along with India with 7.2 percent economic growth.</p> <p style="text-align: justify;">Similarly, Djibouti and Laos are projected to gain seven percent of economic growth each while Cambodia, Myanmar and Philippines will have an economic growth rate of 6.9 percent. </p> ', 'published' => true, 'created' => '2017-06-13', 'modified' => '2017-06-13', 'keywords' => '', 'description' => '', 'sortorder' => '5834', 'image' => '20170613035710_wef.jpg', 'article_date' => '2017-06-13 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '6049', 'article_category_id' => '1', 'title' => 'Branches of Banks in Local Level Necessary : Governor', 'sub_title' => '', 'summary' => 'June 13: Dr. Chiranjivi Nepal, Governor of Nepal Rastra Bank (NRB) has emphasized on opening new branches in every local level if we are to establish commercial banks.', 'content' => '<p style="text-align: justify;">June 13: Dr. Chiranjivi Nepal, Governor of Nepal Rastra Bank (NRB) has emphasized on opening new branches in every local level if we are to establish commercial banks.</p> <p style="text-align: justify;">Governor Nepal requested the private commercial banks to open branches in local level as government owned banks are only located in 249 places so far.</p> <p style="text-align: justify;">Speaking at the function of start joint transaction of the Century Bank after acquiring Innovative Development Bank and Araniko Development Bank on June 11, he said the country has gone under federalism and since the government budget will also be spent in local level, the expansion of branches will prove to be beneficial in the future.</p> <p style="text-align: justify;">He also informed about the NRB’s plan of preparing a specially designed manual for bank operators with little or no knowledge of banking.</p> <p style="text-align: justify;">Understanding the source of money is more important than only recognizing money, he said, adding, “BAFIA law has also specified the bank operator’s qualifications”. He also claimed that the banks have started reducing the number of board members after NRB fixed its limit.</p> <p style="text-align: justify;">Congratulating Century Bank for acquiring Innovative Development Bank and Araniko Development Bank, he said that mergers and acquisitions are crucial nowadays. Investing the public’s money irresponsibly is the major cause of problems. Sixteen problematic banks with various issues are now recovering slowly, he added.</p> <p style="text-align: justify;">Dr. Rewat Bahadur Karki, Chairman of Nepal Stock Exchange (NEPSE) suggested employees of banks to continuously perform well.</p> <p style="text-align: justify;">After the acquisition, Century Bank’s paid up capital has increased to Rs. 4.71 billion, Deposits to Rs. 38.5 billion and loans to Rs. 35 billion and will have a total of 53 branches.</p> <p style="text-align: justify;"> The Bank will issue 40 percent right shares to the shareholders after merger. </p> <p style="text-align: justify;">The Bank has also decided to merge with Sagarmatha Finance, Alpine Development Bank and Seti Finance within July, 2017, informed Rajesh Shrestha, CEO of the bank. He added that the bank will easily achieve the goal of increasing the paid up capital to Rs. 8 billion after the issuance of rights shares.</p> ', 'published' => true, 'created' => '2017-06-13', 'modified' => '2017-06-13', 'keywords' => '', 'description' => '', 'sortorder' => '5833', 'image' => '20170613125615_century.jpg', 'article_date' => '2017-06-13 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '6048', 'article_category_id' => '1', 'title' => 'Sipradi Trading as World’s Best Distributor', 'sub_title' => '', 'summary' => 'June 13: Sipradi Trading is awarded with the World’s Best Distributor Award- 2016 of TATA Motors.', 'content' => '<p style="text-align:justify">June 13: Sipradi Trading is awarded with the World’s Best Distributor Award- 2016 of TATA Motors.</p> <p style="text-align:justify">Sipradi was announced as the World’s best distributor in “TATA Motors Global Achievement Award, 2016” ceremony held at Mumbai, India, recently. The Company is the sole official distributor of TATA Motors in Nepal.</p> <p style="text-align:justify">TATA Motors distributors from 45 countries of Europe, Africa and Asia were present in the program. The Company was also able to grab other eight best awards.</p> <p style="text-align:justify">The Company was able to grab the Most Seller Award- 2016 and Highest Market Share- 2016 award under Bus and M&HCV Truck Group.</p> <p style="text-align:justify">Similarly, it also won the Most Seller 2016, Best Customer Engagement -2016, Highest Market Share- 2016 and Best Global Service Camp- 2016 awards for Ultra Bus.</p> <p style="text-align:justify">Official distributors of TATA Motors from worldwide attended the program for the celebration. Rajan Babu Shrestha, CEO of Sipradi Traders committed that the company will continue to provide better service in the future.</p> ', 'published' => true, 'created' => '2017-06-13', 'modified' => '2017-06-13', 'keywords' => '', 'description' => '', 'sortorder' => '5832', 'image' => '20170613125509_sipradi.jpg', 'article_date' => '2017-06-13 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '6047', 'article_category_id' => '1', 'title' => 'IFC Doubles Investment for Business Oxygen', 'sub_title' => '', 'summary' => 'June 12: IFC, a member of the World Bank Group, is investing another $7.3 million into Business Oxygen (BO2), Nepal’s first private equity fund. The investment is being made through two funds managed by IFC, financed by the Climate Investment Funds and United Kingdom’s Department for International Development (DFID), said the international financial institution. The investment will help BO2 increase its financing for small businesses to help them cope with climate chan', 'content' => '<p style="text-align: justify;">June 12: IFC, a member of the World Bank Group, is investing another $7.3 million into Business Oxygen (BO2), Nepal’s first private equity fund. The investment is being made through two funds managed by IFC, financed by the Climate Investment Funds and United Kingdom’s Department for International Development (DFID), said the international financial institution. The investment will help BO2 increase its financing for small businesses to help them cope with climate change.</p> <p style="text-align: justify;">According to the statement, BO2, makes equity investments in Nepal’s high-growth SMEs, helping them achieve their potential and create more jobs. IFC previously provided $7 million of its own funds to BO2 in 2015. In this fresh round of financing, DFID brings in $3.7 million while the Climate Investment Fund’s Pilot Program for Climate Resilience contributes $3.6 million.</p> <p style="text-align: justify;">The BO2 investment is part of IFC’s SME Ventures program for low-income countries where such funding is not available because of the risk profile and difficult operating conditions. For instance, only 39 percent of Nepal’s SMEs have access to finance, leaving a gap for funds such as BO2 to bridge.</p> <p style="text-align: justify;">“IFC’s increased support to Business Oxygen will boost our ability to engage with more small businesses,” said Siddhant Raj Pandey, Chairman and CEO of WLC Ventures, which manages BO2. “It puts us in a position to use innovative products and services to provide opportunities for farmers, create quality jobs, and promote energy efficiency.”</p> <p style="text-align: justify;">Small and medium enterprises (SMEs) are vital to Nepal’s economy. The country’s 111,442 SMEs employ 1.75 million and account for 22 percent of the gross domestic product.</p> <p style="text-align: justify;">“Business Oxygen will help demonstrate the viability of climate-resilient investments in Nepal to other investors, helping to boost the market for similar investments here and in other frontier markets,” said Mohammad Rehan Rashid, IFC’s Resident Representative for Nepal. “The fund’s ability to provide risk capital to SMEs in Nepal provides a vital solution for firms too small or too new for traditional commercial bank financing.”</p> <p style="text-align: justify;">“The fund has the potential to create jobs and support economic growth. We know how important SMEs are in Nepal and we at DFID Nepal are committed to supporting them to achieve their growth potential,” said Gareth Weir, Deputy Head of DFID Nepal. </p> <p style="text-align: justify;">IFC aims to double its climate-related investments between 2016 and 2021 to 28 percent of its financing. A recent World Bank study showed that climate change could push more than 100 million people back into poverty over the next 15 years, reads the statement.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2017-06-12', 'modified' => '2017-06-12', 'keywords' => '', 'description' => '', 'sortorder' => '5831', 'image' => '20170612051525_ifc.jpg', 'article_date' => '2017-06-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '6046', 'article_category_id' => '1', 'title' => 'Smart Telecom Commencing 4G Service', 'sub_title' => '', 'summary' => 'June 12: The private telecommunications service providing company, Smart Telecom will be starting its 4G service from July 30.', 'content' => '<p style="text-align: justify;">June 12:<strong> </strong>The private telecommunications service providing company, Smart Telecom will be starting its 4G service from July 30.</p> <p style="text-align: justify;">Smart Telecom is preparing to start the service from the fixed time as it has received the technology neutrality license from Nepal Telecommunications Authority (NTA).</p> <p style="text-align: justify;">According to Sabin Shrestha, Chief Administrative Officer of Smart Telecom, the service will be started from Kathmandu. As per the roll out plan permitted by NTA, the company will be expanding its 4G service to Pokhara, Chitwan and Birgunj by mid-October.</p> <p style="text-align: justify;">Likewise, the company is planning to expand the service to Biratnagar, Bhairahawa, Butwal and other big cities after this.</p> <p style="text-align: justify;">Smart 4G will be using 1800 band whereas the company has 12 megahertz frequency now.</p> <p style="text-align: justify;"> Bijay Kumar Roy, Deputy Director of NTA informed that the roll out plan was permitted to start 4G from five MHz. The company started its service from the western region and has expanded its network in more than 45 districts.</p> <p style="text-align: justify;">The company has made commitment with NTA to expand its network in the districts connected by East-West Highway till mid-January, 2018.</p> <p style="text-align: justify;">According to the statistics of the Authority, currently Smart Telecom is providing its telephone service to 1,493,922 customers and mobile internet service to 120,228 customers. </p> ', 'published' => true, 'created' => '2017-06-12', 'modified' => '2017-06-12', 'keywords' => '', 'description' => '', 'sortorder' => '5830', 'image' => '20170612045952_smart telecom logo1.jpg', 'article_date' => '2017-06-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '6045', 'article_category_id' => '1', 'title' => 'Outer Ring Road: Notice to Acquire Land This Week', 'sub_title' => '', 'summary' => 'June 12: The Outer Ring Road Project has reached its implementation phase. The government is publishing a 35-day public notice to acquire land this week for the construction of the first phase 6.9 km Chovar-Gamcha-Satungal section.', 'content' => '<p style="text-align: justify;">June 12: The Outer Ring Road Project has reached its implementation phase. The government is publishing a 35-day public notice to acquire land this week for the construction of the first phase 6.9 km Chovar-Gamcha-Satungal section.</p> <p style="text-align: justify;">Dhruba Sapkota, Chief of Outer Ring Road Project informed that the project which will be constructed through land pooling system, and the project will publish public notice to acquire land for the construction of the outer ring road, cities and related infrastructure.</p> <p style="text-align: justify;">Sapkota also made it clear that compensation will not be given to the land owners whose land falls in the Outer Ring Road project. “We will be constructing infrastructure by developing land in Outer Ring Road and not provide compensation,” he stated. </p> <p style="text-align: justify;">Similarly, he said that 20 to 42 percent of local land will be taken as grant for land pooling. The land is being taken from the locals as the project aims to construct infrastructure under systematic urbanization.</p> <p style="text-align: justify;">According to Sapkota, while constructing the outer ring road, 7.8 percent of land will be for road construction and 5 percent each for open space and infrastructure. Though the area of the land owners will decrease, but the price of land will increase drastically, he said.</p> <p style="text-align: justify;">The Outer Ring Road Project which was only limited to paperwork for the past 13 years is finally starting its construction. With the publication of the detailed project report (DPR) in the Nepal Gazette, the first phase six km Outer Ring Road construction from Satungal to Chovar is going to start soon.</p> <p style="text-align: justify;">For construction of the remaining 68 km of the road, homework is being done for approval of its detailed project report (DPR). </p> ', 'published' => true, 'created' => '2017-06-12', 'modified' => '2017-06-12', 'keywords' => '', 'description' => '', 'sortorder' => '5829', 'image' => '20170612045620_outer ringraod.jpg', 'article_date' => '2017-06-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '6044', 'article_category_id' => '1', 'title' => 'Muktinath’s Branch in Manhari and Daldale', 'sub_title' => '', 'summary' => 'June 12: Muktinath Bikas Bank has started branches in Manhari, Makwanpur and Daldale, Nawalparasi. Rajaram Syangtan, Member of Parliament from Makwanpur, Province no 3 inaugurated the Manhari branch whereas Purna Kumar Shrestha, Mayor of Devchuli Municipality inaugurated the Daldale branch amid a program recently', 'content' => '<p style="text-align: justify;">June 12: Muktinath Bikas Bank has started branches in Manhari, Makwanpur and Daldale, Nawalparasi. Rajaram Syangtan, Member of Parliament from Makwanpur, Province no 3 inaugurated the Manhari branch whereas Purna Kumar Shrestha, Mayor of Devchuli Municipality inaugurated the Daldale branch amid a program recently.</p> <p style="text-align: justify;">In the program, Bharat Raj Dhakal, CEO of the bank highlighted about the past, present and future strategies of the bank.</p> ', 'published' => true, 'created' => '2017-06-12', 'modified' => '2017-06-12', 'keywords' => '', 'description' => '', 'sortorder' => '5828', 'image' => '20170612044702_muktinath.jpg', 'article_date' => '2017-06-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '6043', 'article_category_id' => '1', 'title' => 'NB Opens Branch in Mitrapark', 'sub_title' => '', 'summary' => 'June 12: Nepal Bangladesh Bank (NB) has opened a branch in Mitrapark, Kathmandu. Jalal Ahmed, Chairman of NB Bank inaugurated the branch amid a program on June 8. In the program, ', 'content' => '<p style="text-align: justify;">June 12: Nepal Bangladesh Bank (NB) has opened a branch in Mitrapark, Kathmandu. Jalal Ahmed, Chairman of NB Bank inaugurated the branch amid a program on June 8. In the program, Gyanendra Prasad Dhungana, CEO of the bank informed about services and future strategies of the bank.</p> <p style="text-align: justify;">Presently, the bank is providing financial services from 45 branches, 4 extension counters, 7 branchless banking units and 45 ATM outlets. </p> ', 'published' => true, 'created' => '2017-06-12', 'modified' => '2017-06-12', 'keywords' => '', 'description' => '', 'sortorder' => '5827', 'image' => '20170612044216_nb bank.jpg', 'article_date' => '2017-06-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = falseinclude - 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 "" [APP/View/Elements/side_bar.ctp, line 60]file not found!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' => '6057', 'article_category_id' => '1', 'title' => 'Nabil and Finlit Nepal Join Hands for Financial Literacy', 'sub_title' => '', 'summary' => 'Nabil Bank and consulting firm Finlit Nepal have entered into a pact to conduct financial literacy awareness programmes at Besishahar Municipality in Lamjung district', 'content' => '<p>June 15: Nabil Bank and consulting firm Finlit Nepal have entered into a pact to conduct financial literacy awareness programmes at Besishahar Municipality in Lamjung district.</p> <p> During a program organized on June 11, a Memorandum of Understanding (MoU) was signed by Ramesh Prasad Lohani, Deputy General Manager of Nabil bank and Prakash Koirala, Director of Finlit Nepal Pvt Ltd to this effect.</p> <p>Under this, the bank with the support of Finlit Nepal will conduct the financial literacy programmess in 10 Schools of Lamjung.</p> <p>The programme will include a concept named ‘School Banking’ which is aimed at providing vital information to the targeted students and youths to increase awareness in access to finance.</p> <p>According to the bank, the concept will raise awareness in cash management, savings and expenses, financial planning and investment among the students and their parents as well.</p> <p style="text-align: justify;">Nabil Bank has been conducting various financial literacy programmes in sectors inclluding science and technology, health, literature and arts under its corporate social responsibility (CSR).</p> ', 'published' => true, 'created' => '2017-06-15', 'modified' => '2017-06-15', 'keywords' => '', 'description' => '', 'sortorder' => '5841', 'image' => '20170615063756_NABIL.jpg', 'article_date' => '2017-06-15 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '6056', 'article_category_id' => '1', 'title' => 'New Venture of MS Group', 'sub_title' => '', 'summary' => 'Business house MS Group has started a new venture named Millennia Global. MS Group in a press statement informed that the new company has been established aiming at millennial's group of Nepalis (those born between 1980 and 2000)', 'content' => '<p>June 15: Business house MS Group has started a new venture named Millennia Global.</p> <p>MS Group in a press statement informed that the new company has been established aiming at millennial's group of Nepalis (those born between 1980 and 2000). As per the statement, the new company will also join hands with multinational companies for the purpose.</p> <p>“The venture is established to provide high-end brands to Nepalis”, said Umanga Agrawal, Chairman and CEO of MS Group.</p> <p style="text-align: justify;">He further added, “Millennia Global will think as per the Nepali millennial’s perspective and will focus more on providing quality after-sales services.” According to Agrawal, MS group will step in automobile, education, home development, FMCG and retail sub-sectors. </p> ', 'published' => true, 'created' => '2017-06-15', 'modified' => '2017-06-15', 'keywords' => '', 'description' => '', 'sortorder' => '5840', 'image' => '20170615062751_MS.jpg', 'article_date' => '2017-06-15 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '6055', 'article_category_id' => '1', 'title' => 'IME Celebrates 17th Anniversary ', 'sub_title' => '', 'summary' => 'Remit company IME has celebrated its 17th anniversary organising various programs on June 13', 'content' => '<p>June 15: Remittance company IME has celebrated 17th anniversary organising various programs on June 13. The company marked the day with the slogan “17<sup>th</sup> Anniversary of New Technology”.</p> <p style="text-align: justify;">The company organised sports competition for employees. Hemraj Dhakal, Managing Director of IME handed over trophy to the winners of the competition. Similarly, it distributed prizes to its 34 customers. The winners were selected through a lucky draw. </p> ', 'published' => true, 'created' => '2017-06-15', 'modified' => '2017-06-15', 'keywords' => '', 'description' => '', 'sortorder' => '5839', 'image' => '20170615062246_ime.jpg', 'article_date' => '2017-06-15 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '6054', 'article_category_id' => '1', 'title' => 'Yeti’s Financial Literacy Program ', 'sub_title' => '', 'summary' => 'Yeti Development Bank has organised a financial literacy program at Bhanu Secondary School of Makwanpurgadhi-3, Hetauda', 'content' => '<p style="text-align: justify;">June 15: Yeti Development Bank has organised a financial literacy program at Bhanu Secondary School of Makwanpurgadhi-3, Hetauda. The bank informed that the students of the school given knowledge regarding the importance of saving, use of ATM card, mobile banking and loan amid a program held on Monday. Rajesh Lamichhane, manager of Yeti bank and Sarina Manandhar, Head of Credit Department, jointly conducted the program attended by the school’s students of grade 9 and 10. The bank also distributed stationery products to the 61 students present in the program. </p> ', 'published' => true, 'created' => '2017-06-15', 'modified' => '2017-06-15', 'keywords' => '', 'description' => '', 'sortorder' => '5838', 'image' => '20170615021043_yeti.jpg', 'article_date' => '2017-06-15 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '6053', 'article_category_id' => '1', 'title' => 'United Finance’s Free ASBA Facility', 'sub_title' => '', 'summary' => 'United Finance Limited has introduced free ASBA facility to its customers. According to the finance, the new service will make it easy for the customers to invest in easy, convenient and safer manners while applying for the public offerings of share', 'content' => '<p style="text-align: justify;">June 15: United Finance Limited has introduced free ASBA facility to its customers. According to the finance, the new service will make it easy for the customers to invest in easy, convenient and safer manners while applying for the public offerings of share. The free ASBA facility is available at the head office as well as all branches of the finance.</p> ', 'published' => true, 'created' => '2017-06-15', 'modified' => '2017-06-15', 'keywords' => '', 'description' => '', 'sortorder' => '5837', 'image' => '20170615020947_united.jpg', 'article_date' => '2017-06-15 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '6052', 'article_category_id' => '1', 'title' => 'Swarojgar Laghubitta Opens 3 Branches in Rautahat', 'sub_title' => '', 'summary' => 'Swarojgar Laghubitta Bikas Bank has opened three branches in Rautahat. Three new outlets are located at Harsaha of Sakhuwa Dhamaura, Bijaypur of Laxminia and Chandranighapur of Chandrapur', 'content' => '<p style="text-align: justify;">June 15: Swarojgar Laghubitta Bikas Bank has opened three branches in Rautahat. Three new outlets are located at Harsaha of Sakhuwa Dhamaura, Bijaypur of Laxminia and Chandranighapur of Chandrapur. “Swarojgar has invested a total of Rs 83.5 million in these three branches,” said Sanjay Kumar Chaudhary, Manager of Harsha branch. The microfinance institution has opened its two braches after a successful year of establishment of a branch in Harsha in 2016. With the addition, it now has a total of 22 branches across the country.</p> ', 'published' => true, 'created' => '2017-06-15', 'modified' => '2017-06-15', 'keywords' => '', 'description' => '', 'sortorder' => '5836', 'image' => null, 'article_date' => '2017-06-15 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '6051', 'article_category_id' => '1', 'title' => 'Vishakhapatnam-Birgunj Dry Port Container Transport', 'sub_title' => 'Container Train Arrives After 15 Months of Agreement', 'summary' => 'A train has arrived in Birgunj Dry Port for the first time with containers from the Indian port city of Vishakhapatnam, fifteen months after the agreement between Nepal and India that allows Nepal transit facilities to use the port', 'content' => '<p> June 14: A train has arrived in Birgunj Dry Port for the first time with containers from the Indian port city of Vishakhapatnam, fifteen months after the agreement between Nepal and India that allows Nepal transit facilities to use the port. </p> <p>The container train arrived on Monday night with 50 containers. According to Animesh Kumar, Senior Officer of the Himalayan Terminal Pvt Ltd, the port operators, the train arrived in five days from Vishakhapatnam.</p> <p> It came with a cargo of 50 containers of furnace oil and mustard seeds, he told Arthik Abhiyan daily. The train left on June 7 from Vishakhapatnam for Birgunj. Earlier, the importers used to bring the containers from Kolkata and Haldiya. There was no such transportation from Vishakhapatnam so far. </p> <p>Thirty out of the 50 containers has furnace oil. It is imported by the Rauniyar Brothers of Birgunj from Dubai and Kuwait. Likewise, Mahabir Overseas of Birgunj also brought 20 containers of mustard seeds from Australia. The Maersk Shipping Line transported the first cargo from Vishakhapatnam. Most of the shipping companies so far transported containers from Calcutta and Haldiya.</p> <p>The Maersk Line provides five-day period free for the containers brought to Birgunj, the Himalayan Terminal said.</p> <p>In Kolkata port, the importers get 14 days free in trade with third countries. Most importers say they have to pay hefty fines to the shipping company for failing to return the containers in time. </p> ', 'published' => true, 'created' => '2017-06-14', 'modified' => '2017-06-14', 'keywords' => '', 'description' => '', 'sortorder' => '5835', 'image' => '20170614053352_vigaz.JPG', 'article_date' => '2017-06-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '6050', 'article_category_id' => '1', 'title' => 'Nepal Ranked Third Among Fastest Growing Economies: WEF', 'sub_title' => '', 'summary' => 'June 13: Nepal has been listed in the third place among the fastest growing economies in the world. A report by World Economic Forum (WEF) made this revelation proje', 'content' => '<p style="text-align: justify;">June 13: Nepal has been listed in the third place among the fastest growing economies in the world. A report by World Economic Forum (WEF) made this revelation projecting that Nepal's economic growth will be 7.5 percent in 2017 on the basis of World Bank research.</p> <p style="text-align: justify;">The report stated that Nepal will achieve the astounding economic growth rate thanks to favorable climate, speedy reconstruction works after the earthquake and balanced trade with India.</p> <p style="text-align: justify;">Similarly, the report which was unveiled on June 9 has projected that India will be the fourth fastest growing economy. India ranked in fourth position with the economic growth rate of 7.2 percent due to its increase in import and government expenditure.</p> <p style="text-align: justify;">Ethiopia has topped the list with an economic growth rate of 8.3 percent. Ethiopia is followed by Uzbekistan with 7.6 percent growth rate. The country ranked in second position due to the increase of petroleum production and price hike of petroleum products in global market.</p> <p style="text-align: justify;">Among the 10 fastest growing economies, Tanzania also ranked fourth along with India with 7.2 percent economic growth.</p> <p style="text-align: justify;">Similarly, Djibouti and Laos are projected to gain seven percent of economic growth each while Cambodia, Myanmar and Philippines will have an economic growth rate of 6.9 percent. </p> ', 'published' => true, 'created' => '2017-06-13', 'modified' => '2017-06-13', 'keywords' => '', 'description' => '', 'sortorder' => '5834', 'image' => '20170613035710_wef.jpg', 'article_date' => '2017-06-13 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '6049', 'article_category_id' => '1', 'title' => 'Branches of Banks in Local Level Necessary : Governor', 'sub_title' => '', 'summary' => 'June 13: Dr. Chiranjivi Nepal, Governor of Nepal Rastra Bank (NRB) has emphasized on opening new branches in every local level if we are to establish commercial banks.', 'content' => '<p style="text-align: justify;">June 13: Dr. Chiranjivi Nepal, Governor of Nepal Rastra Bank (NRB) has emphasized on opening new branches in every local level if we are to establish commercial banks.</p> <p style="text-align: justify;">Governor Nepal requested the private commercial banks to open branches in local level as government owned banks are only located in 249 places so far.</p> <p style="text-align: justify;">Speaking at the function of start joint transaction of the Century Bank after acquiring Innovative Development Bank and Araniko Development Bank on June 11, he said the country has gone under federalism and since the government budget will also be spent in local level, the expansion of branches will prove to be beneficial in the future.</p> <p style="text-align: justify;">He also informed about the NRB’s plan of preparing a specially designed manual for bank operators with little or no knowledge of banking.</p> <p style="text-align: justify;">Understanding the source of money is more important than only recognizing money, he said, adding, “BAFIA law has also specified the bank operator’s qualifications”. He also claimed that the banks have started reducing the number of board members after NRB fixed its limit.</p> <p style="text-align: justify;">Congratulating Century Bank for acquiring Innovative Development Bank and Araniko Development Bank, he said that mergers and acquisitions are crucial nowadays. Investing the public’s money irresponsibly is the major cause of problems. Sixteen problematic banks with various issues are now recovering slowly, he added.</p> <p style="text-align: justify;">Dr. Rewat Bahadur Karki, Chairman of Nepal Stock Exchange (NEPSE) suggested employees of banks to continuously perform well.</p> <p style="text-align: justify;">After the acquisition, Century Bank’s paid up capital has increased to Rs. 4.71 billion, Deposits to Rs. 38.5 billion and loans to Rs. 35 billion and will have a total of 53 branches.</p> <p style="text-align: justify;"> The Bank will issue 40 percent right shares to the shareholders after merger. </p> <p style="text-align: justify;">The Bank has also decided to merge with Sagarmatha Finance, Alpine Development Bank and Seti Finance within July, 2017, informed Rajesh Shrestha, CEO of the bank. He added that the bank will easily achieve the goal of increasing the paid up capital to Rs. 8 billion after the issuance of rights shares.</p> ', 'published' => true, 'created' => '2017-06-13', 'modified' => '2017-06-13', 'keywords' => '', 'description' => '', 'sortorder' => '5833', 'image' => '20170613125615_century.jpg', 'article_date' => '2017-06-13 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '6048', 'article_category_id' => '1', 'title' => 'Sipradi Trading as World’s Best Distributor', 'sub_title' => '', 'summary' => 'June 13: Sipradi Trading is awarded with the World’s Best Distributor Award- 2016 of TATA Motors.', 'content' => '<p style="text-align:justify">June 13: Sipradi Trading is awarded with the World’s Best Distributor Award- 2016 of TATA Motors.</p> <p style="text-align:justify">Sipradi was announced as the World’s best distributor in “TATA Motors Global Achievement Award, 2016” ceremony held at Mumbai, India, recently. The Company is the sole official distributor of TATA Motors in Nepal.</p> <p style="text-align:justify">TATA Motors distributors from 45 countries of Europe, Africa and Asia were present in the program. The Company was also able to grab other eight best awards.</p> <p style="text-align:justify">The Company was able to grab the Most Seller Award- 2016 and Highest Market Share- 2016 award under Bus and M&HCV Truck Group.</p> <p style="text-align:justify">Similarly, it also won the Most Seller 2016, Best Customer Engagement -2016, Highest Market Share- 2016 and Best Global Service Camp- 2016 awards for Ultra Bus.</p> <p style="text-align:justify">Official distributors of TATA Motors from worldwide attended the program for the celebration. Rajan Babu Shrestha, CEO of Sipradi Traders committed that the company will continue to provide better service in the future.</p> ', 'published' => true, 'created' => '2017-06-13', 'modified' => '2017-06-13', 'keywords' => '', 'description' => '', 'sortorder' => '5832', 'image' => '20170613125509_sipradi.jpg', 'article_date' => '2017-06-13 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '6047', 'article_category_id' => '1', 'title' => 'IFC Doubles Investment for Business Oxygen', 'sub_title' => '', 'summary' => 'June 12: IFC, a member of the World Bank Group, is investing another $7.3 million into Business Oxygen (BO2), Nepal’s first private equity fund. The investment is being made through two funds managed by IFC, financed by the Climate Investment Funds and United Kingdom’s Department for International Development (DFID), said the international financial institution. The investment will help BO2 increase its financing for small businesses to help them cope with climate chan', 'content' => '<p style="text-align: justify;">June 12: IFC, a member of the World Bank Group, is investing another $7.3 million into Business Oxygen (BO2), Nepal’s first private equity fund. The investment is being made through two funds managed by IFC, financed by the Climate Investment Funds and United Kingdom’s Department for International Development (DFID), said the international financial institution. The investment will help BO2 increase its financing for small businesses to help them cope with climate change.</p> <p style="text-align: justify;">According to the statement, BO2, makes equity investments in Nepal’s high-growth SMEs, helping them achieve their potential and create more jobs. IFC previously provided $7 million of its own funds to BO2 in 2015. In this fresh round of financing, DFID brings in $3.7 million while the Climate Investment Fund’s Pilot Program for Climate Resilience contributes $3.6 million.</p> <p style="text-align: justify;">The BO2 investment is part of IFC’s SME Ventures program for low-income countries where such funding is not available because of the risk profile and difficult operating conditions. For instance, only 39 percent of Nepal’s SMEs have access to finance, leaving a gap for funds such as BO2 to bridge.</p> <p style="text-align: justify;">“IFC’s increased support to Business Oxygen will boost our ability to engage with more small businesses,” said Siddhant Raj Pandey, Chairman and CEO of WLC Ventures, which manages BO2. “It puts us in a position to use innovative products and services to provide opportunities for farmers, create quality jobs, and promote energy efficiency.”</p> <p style="text-align: justify;">Small and medium enterprises (SMEs) are vital to Nepal’s economy. The country’s 111,442 SMEs employ 1.75 million and account for 22 percent of the gross domestic product.</p> <p style="text-align: justify;">“Business Oxygen will help demonstrate the viability of climate-resilient investments in Nepal to other investors, helping to boost the market for similar investments here and in other frontier markets,” said Mohammad Rehan Rashid, IFC’s Resident Representative for Nepal. “The fund’s ability to provide risk capital to SMEs in Nepal provides a vital solution for firms too small or too new for traditional commercial bank financing.”</p> <p style="text-align: justify;">“The fund has the potential to create jobs and support economic growth. We know how important SMEs are in Nepal and we at DFID Nepal are committed to supporting them to achieve their growth potential,” said Gareth Weir, Deputy Head of DFID Nepal. </p> <p style="text-align: justify;">IFC aims to double its climate-related investments between 2016 and 2021 to 28 percent of its financing. A recent World Bank study showed that climate change could push more than 100 million people back into poverty over the next 15 years, reads the statement.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2017-06-12', 'modified' => '2017-06-12', 'keywords' => '', 'description' => '', 'sortorder' => '5831', 'image' => '20170612051525_ifc.jpg', 'article_date' => '2017-06-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '6046', 'article_category_id' => '1', 'title' => 'Smart Telecom Commencing 4G Service', 'sub_title' => '', 'summary' => 'June 12: The private telecommunications service providing company, Smart Telecom will be starting its 4G service from July 30.', 'content' => '<p style="text-align: justify;">June 12:<strong> </strong>The private telecommunications service providing company, Smart Telecom will be starting its 4G service from July 30.</p> <p style="text-align: justify;">Smart Telecom is preparing to start the service from the fixed time as it has received the technology neutrality license from Nepal Telecommunications Authority (NTA).</p> <p style="text-align: justify;">According to Sabin Shrestha, Chief Administrative Officer of Smart Telecom, the service will be started from Kathmandu. As per the roll out plan permitted by NTA, the company will be expanding its 4G service to Pokhara, Chitwan and Birgunj by mid-October.</p> <p style="text-align: justify;">Likewise, the company is planning to expand the service to Biratnagar, Bhairahawa, Butwal and other big cities after this.</p> <p style="text-align: justify;">Smart 4G will be using 1800 band whereas the company has 12 megahertz frequency now.</p> <p style="text-align: justify;"> Bijay Kumar Roy, Deputy Director of NTA informed that the roll out plan was permitted to start 4G from five MHz. The company started its service from the western region and has expanded its network in more than 45 districts.</p> <p style="text-align: justify;">The company has made commitment with NTA to expand its network in the districts connected by East-West Highway till mid-January, 2018.</p> <p style="text-align: justify;">According to the statistics of the Authority, currently Smart Telecom is providing its telephone service to 1,493,922 customers and mobile internet service to 120,228 customers. </p> ', 'published' => true, 'created' => '2017-06-12', 'modified' => '2017-06-12', 'keywords' => '', 'description' => '', 'sortorder' => '5830', 'image' => '20170612045952_smart telecom logo1.jpg', 'article_date' => '2017-06-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '6045', 'article_category_id' => '1', 'title' => 'Outer Ring Road: Notice to Acquire Land This Week', 'sub_title' => '', 'summary' => 'June 12: The Outer Ring Road Project has reached its implementation phase. The government is publishing a 35-day public notice to acquire land this week for the construction of the first phase 6.9 km Chovar-Gamcha-Satungal section.', 'content' => '<p style="text-align: justify;">June 12: The Outer Ring Road Project has reached its implementation phase. The government is publishing a 35-day public notice to acquire land this week for the construction of the first phase 6.9 km Chovar-Gamcha-Satungal section.</p> <p style="text-align: justify;">Dhruba Sapkota, Chief of Outer Ring Road Project informed that the project which will be constructed through land pooling system, and the project will publish public notice to acquire land for the construction of the outer ring road, cities and related infrastructure.</p> <p style="text-align: justify;">Sapkota also made it clear that compensation will not be given to the land owners whose land falls in the Outer Ring Road project. “We will be constructing infrastructure by developing land in Outer Ring Road and not provide compensation,” he stated. </p> <p style="text-align: justify;">Similarly, he said that 20 to 42 percent of local land will be taken as grant for land pooling. The land is being taken from the locals as the project aims to construct infrastructure under systematic urbanization.</p> <p style="text-align: justify;">According to Sapkota, while constructing the outer ring road, 7.8 percent of land will be for road construction and 5 percent each for open space and infrastructure. Though the area of the land owners will decrease, but the price of land will increase drastically, he said.</p> <p style="text-align: justify;">The Outer Ring Road Project which was only limited to paperwork for the past 13 years is finally starting its construction. With the publication of the detailed project report (DPR) in the Nepal Gazette, the first phase six km Outer Ring Road construction from Satungal to Chovar is going to start soon.</p> <p style="text-align: justify;">For construction of the remaining 68 km of the road, homework is being done for approval of its detailed project report (DPR). </p> ', 'published' => true, 'created' => '2017-06-12', 'modified' => '2017-06-12', 'keywords' => '', 'description' => '', 'sortorder' => '5829', 'image' => '20170612045620_outer ringraod.jpg', 'article_date' => '2017-06-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '6044', 'article_category_id' => '1', 'title' => 'Muktinath’s Branch in Manhari and Daldale', 'sub_title' => '', 'summary' => 'June 12: Muktinath Bikas Bank has started branches in Manhari, Makwanpur and Daldale, Nawalparasi. Rajaram Syangtan, Member of Parliament from Makwanpur, Province no 3 inaugurated the Manhari branch whereas Purna Kumar Shrestha, Mayor of Devchuli Municipality inaugurated the Daldale branch amid a program recently', 'content' => '<p style="text-align: justify;">June 12: Muktinath Bikas Bank has started branches in Manhari, Makwanpur and Daldale, Nawalparasi. Rajaram Syangtan, Member of Parliament from Makwanpur, Province no 3 inaugurated the Manhari branch whereas Purna Kumar Shrestha, Mayor of Devchuli Municipality inaugurated the Daldale branch amid a program recently.</p> <p style="text-align: justify;">In the program, Bharat Raj Dhakal, CEO of the bank highlighted about the past, present and future strategies of the bank.</p> ', 'published' => true, 'created' => '2017-06-12', 'modified' => '2017-06-12', 'keywords' => '', 'description' => '', 'sortorder' => '5828', 'image' => '20170612044702_muktinath.jpg', 'article_date' => '2017-06-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '6043', 'article_category_id' => '1', 'title' => 'NB Opens Branch in Mitrapark', 'sub_title' => '', 'summary' => 'June 12: Nepal Bangladesh Bank (NB) has opened a branch in Mitrapark, Kathmandu. Jalal Ahmed, Chairman of NB Bank inaugurated the branch amid a program on June 8. In the program, ', 'content' => '<p style="text-align: justify;">June 12: Nepal Bangladesh Bank (NB) has opened a branch in Mitrapark, Kathmandu. Jalal Ahmed, Chairman of NB Bank inaugurated the branch amid a program on June 8. In the program, Gyanendra Prasad Dhungana, CEO of the bank informed about services and future strategies of the bank.</p> <p style="text-align: justify;">Presently, the bank is providing financial services from 45 branches, 4 extension counters, 7 branchless banking units and 45 ATM outlets. </p> ', 'published' => true, 'created' => '2017-06-12', 'modified' => '2017-06-12', 'keywords' => '', 'description' => '', 'sortorder' => '5827', 'image' => '20170612044216_nb bank.jpg', 'article_date' => '2017-06-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = falsesimplexml_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' => '6057', 'article_category_id' => '1', 'title' => 'Nabil and Finlit Nepal Join Hands for Financial Literacy', 'sub_title' => '', 'summary' => 'Nabil Bank and consulting firm Finlit Nepal have entered into a pact to conduct financial literacy awareness programmes at Besishahar Municipality in Lamjung district', 'content' => '<p>June 15: Nabil Bank and consulting firm Finlit Nepal have entered into a pact to conduct financial literacy awareness programmes at Besishahar Municipality in Lamjung district.</p> <p> During a program organized on June 11, a Memorandum of Understanding (MoU) was signed by Ramesh Prasad Lohani, Deputy General Manager of Nabil bank and Prakash Koirala, Director of Finlit Nepal Pvt Ltd to this effect.</p> <p>Under this, the bank with the support of Finlit Nepal will conduct the financial literacy programmess in 10 Schools of Lamjung.</p> <p>The programme will include a concept named ‘School Banking’ which is aimed at providing vital information to the targeted students and youths to increase awareness in access to finance.</p> <p>According to the bank, the concept will raise awareness in cash management, savings and expenses, financial planning and investment among the students and their parents as well.</p> <p style="text-align: justify;">Nabil Bank has been conducting various financial literacy programmes in sectors inclluding science and technology, health, literature and arts under its corporate social responsibility (CSR).</p> ', 'published' => true, 'created' => '2017-06-15', 'modified' => '2017-06-15', 'keywords' => '', 'description' => '', 'sortorder' => '5841', 'image' => '20170615063756_NABIL.jpg', 'article_date' => '2017-06-15 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '6056', 'article_category_id' => '1', 'title' => 'New Venture of MS Group', 'sub_title' => '', 'summary' => 'Business house MS Group has started a new venture named Millennia Global. MS Group in a press statement informed that the new company has been established aiming at millennial's group of Nepalis (those born between 1980 and 2000)', 'content' => '<p>June 15: Business house MS Group has started a new venture named Millennia Global.</p> <p>MS Group in a press statement informed that the new company has been established aiming at millennial's group of Nepalis (those born between 1980 and 2000). As per the statement, the new company will also join hands with multinational companies for the purpose.</p> <p>“The venture is established to provide high-end brands to Nepalis”, said Umanga Agrawal, Chairman and CEO of MS Group.</p> <p style="text-align: justify;">He further added, “Millennia Global will think as per the Nepali millennial’s perspective and will focus more on providing quality after-sales services.” According to Agrawal, MS group will step in automobile, education, home development, FMCG and retail sub-sectors. </p> ', 'published' => true, 'created' => '2017-06-15', 'modified' => '2017-06-15', 'keywords' => '', 'description' => '', 'sortorder' => '5840', 'image' => '20170615062751_MS.jpg', 'article_date' => '2017-06-15 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '6055', 'article_category_id' => '1', 'title' => 'IME Celebrates 17th Anniversary ', 'sub_title' => '', 'summary' => 'Remit company IME has celebrated its 17th anniversary organising various programs on June 13', 'content' => '<p>June 15: Remittance company IME has celebrated 17th anniversary organising various programs on June 13. The company marked the day with the slogan “17<sup>th</sup> Anniversary of New Technology”.</p> <p style="text-align: justify;">The company organised sports competition for employees. Hemraj Dhakal, Managing Director of IME handed over trophy to the winners of the competition. Similarly, it distributed prizes to its 34 customers. The winners were selected through a lucky draw. </p> ', 'published' => true, 'created' => '2017-06-15', 'modified' => '2017-06-15', 'keywords' => '', 'description' => '', 'sortorder' => '5839', 'image' => '20170615062246_ime.jpg', 'article_date' => '2017-06-15 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '6054', 'article_category_id' => '1', 'title' => 'Yeti’s Financial Literacy Program ', 'sub_title' => '', 'summary' => 'Yeti Development Bank has organised a financial literacy program at Bhanu Secondary School of Makwanpurgadhi-3, Hetauda', 'content' => '<p style="text-align: justify;">June 15: Yeti Development Bank has organised a financial literacy program at Bhanu Secondary School of Makwanpurgadhi-3, Hetauda. The bank informed that the students of the school given knowledge regarding the importance of saving, use of ATM card, mobile banking and loan amid a program held on Monday. Rajesh Lamichhane, manager of Yeti bank and Sarina Manandhar, Head of Credit Department, jointly conducted the program attended by the school’s students of grade 9 and 10. The bank also distributed stationery products to the 61 students present in the program. </p> ', 'published' => true, 'created' => '2017-06-15', 'modified' => '2017-06-15', 'keywords' => '', 'description' => '', 'sortorder' => '5838', 'image' => '20170615021043_yeti.jpg', 'article_date' => '2017-06-15 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '6053', 'article_category_id' => '1', 'title' => 'United Finance’s Free ASBA Facility', 'sub_title' => '', 'summary' => 'United Finance Limited has introduced free ASBA facility to its customers. According to the finance, the new service will make it easy for the customers to invest in easy, convenient and safer manners while applying for the public offerings of share', 'content' => '<p style="text-align: justify;">June 15: United Finance Limited has introduced free ASBA facility to its customers. According to the finance, the new service will make it easy for the customers to invest in easy, convenient and safer manners while applying for the public offerings of share. The free ASBA facility is available at the head office as well as all branches of the finance.</p> ', 'published' => true, 'created' => '2017-06-15', 'modified' => '2017-06-15', 'keywords' => '', 'description' => '', 'sortorder' => '5837', 'image' => '20170615020947_united.jpg', 'article_date' => '2017-06-15 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '6052', 'article_category_id' => '1', 'title' => 'Swarojgar Laghubitta Opens 3 Branches in Rautahat', 'sub_title' => '', 'summary' => 'Swarojgar Laghubitta Bikas Bank has opened three branches in Rautahat. Three new outlets are located at Harsaha of Sakhuwa Dhamaura, Bijaypur of Laxminia and Chandranighapur of Chandrapur', 'content' => '<p style="text-align: justify;">June 15: Swarojgar Laghubitta Bikas Bank has opened three branches in Rautahat. Three new outlets are located at Harsaha of Sakhuwa Dhamaura, Bijaypur of Laxminia and Chandranighapur of Chandrapur. “Swarojgar has invested a total of Rs 83.5 million in these three branches,” said Sanjay Kumar Chaudhary, Manager of Harsha branch. The microfinance institution has opened its two braches after a successful year of establishment of a branch in Harsha in 2016. With the addition, it now has a total of 22 branches across the country.</p> ', 'published' => true, 'created' => '2017-06-15', 'modified' => '2017-06-15', 'keywords' => '', 'description' => '', 'sortorder' => '5836', 'image' => null, 'article_date' => '2017-06-15 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '6051', 'article_category_id' => '1', 'title' => 'Vishakhapatnam-Birgunj Dry Port Container Transport', 'sub_title' => 'Container Train Arrives After 15 Months of Agreement', 'summary' => 'A train has arrived in Birgunj Dry Port for the first time with containers from the Indian port city of Vishakhapatnam, fifteen months after the agreement between Nepal and India that allows Nepal transit facilities to use the port', 'content' => '<p> June 14: A train has arrived in Birgunj Dry Port for the first time with containers from the Indian port city of Vishakhapatnam, fifteen months after the agreement between Nepal and India that allows Nepal transit facilities to use the port. </p> <p>The container train arrived on Monday night with 50 containers. According to Animesh Kumar, Senior Officer of the Himalayan Terminal Pvt Ltd, the port operators, the train arrived in five days from Vishakhapatnam.</p> <p> It came with a cargo of 50 containers of furnace oil and mustard seeds, he told Arthik Abhiyan daily. The train left on June 7 from Vishakhapatnam for Birgunj. Earlier, the importers used to bring the containers from Kolkata and Haldiya. There was no such transportation from Vishakhapatnam so far. </p> <p>Thirty out of the 50 containers has furnace oil. It is imported by the Rauniyar Brothers of Birgunj from Dubai and Kuwait. Likewise, Mahabir Overseas of Birgunj also brought 20 containers of mustard seeds from Australia. The Maersk Shipping Line transported the first cargo from Vishakhapatnam. Most of the shipping companies so far transported containers from Calcutta and Haldiya.</p> <p>The Maersk Line provides five-day period free for the containers brought to Birgunj, the Himalayan Terminal said.</p> <p>In Kolkata port, the importers get 14 days free in trade with third countries. Most importers say they have to pay hefty fines to the shipping company for failing to return the containers in time. </p> ', 'published' => true, 'created' => '2017-06-14', 'modified' => '2017-06-14', 'keywords' => '', 'description' => '', 'sortorder' => '5835', 'image' => '20170614053352_vigaz.JPG', 'article_date' => '2017-06-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '6050', 'article_category_id' => '1', 'title' => 'Nepal Ranked Third Among Fastest Growing Economies: WEF', 'sub_title' => '', 'summary' => 'June 13: Nepal has been listed in the third place among the fastest growing economies in the world. A report by World Economic Forum (WEF) made this revelation proje', 'content' => '<p style="text-align: justify;">June 13: Nepal has been listed in the third place among the fastest growing economies in the world. A report by World Economic Forum (WEF) made this revelation projecting that Nepal's economic growth will be 7.5 percent in 2017 on the basis of World Bank research.</p> <p style="text-align: justify;">The report stated that Nepal will achieve the astounding economic growth rate thanks to favorable climate, speedy reconstruction works after the earthquake and balanced trade with India.</p> <p style="text-align: justify;">Similarly, the report which was unveiled on June 9 has projected that India will be the fourth fastest growing economy. India ranked in fourth position with the economic growth rate of 7.2 percent due to its increase in import and government expenditure.</p> <p style="text-align: justify;">Ethiopia has topped the list with an economic growth rate of 8.3 percent. Ethiopia is followed by Uzbekistan with 7.6 percent growth rate. The country ranked in second position due to the increase of petroleum production and price hike of petroleum products in global market.</p> <p style="text-align: justify;">Among the 10 fastest growing economies, Tanzania also ranked fourth along with India with 7.2 percent economic growth.</p> <p style="text-align: justify;">Similarly, Djibouti and Laos are projected to gain seven percent of economic growth each while Cambodia, Myanmar and Philippines will have an economic growth rate of 6.9 percent. </p> ', 'published' => true, 'created' => '2017-06-13', 'modified' => '2017-06-13', 'keywords' => '', 'description' => '', 'sortorder' => '5834', 'image' => '20170613035710_wef.jpg', 'article_date' => '2017-06-13 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '6049', 'article_category_id' => '1', 'title' => 'Branches of Banks in Local Level Necessary : Governor', 'sub_title' => '', 'summary' => 'June 13: Dr. Chiranjivi Nepal, Governor of Nepal Rastra Bank (NRB) has emphasized on opening new branches in every local level if we are to establish commercial banks.', 'content' => '<p style="text-align: justify;">June 13: Dr. Chiranjivi Nepal, Governor of Nepal Rastra Bank (NRB) has emphasized on opening new branches in every local level if we are to establish commercial banks.</p> <p style="text-align: justify;">Governor Nepal requested the private commercial banks to open branches in local level as government owned banks are only located in 249 places so far.</p> <p style="text-align: justify;">Speaking at the function of start joint transaction of the Century Bank after acquiring Innovative Development Bank and Araniko Development Bank on June 11, he said the country has gone under federalism and since the government budget will also be spent in local level, the expansion of branches will prove to be beneficial in the future.</p> <p style="text-align: justify;">He also informed about the NRB’s plan of preparing a specially designed manual for bank operators with little or no knowledge of banking.</p> <p style="text-align: justify;">Understanding the source of money is more important than only recognizing money, he said, adding, “BAFIA law has also specified the bank operator’s qualifications”. He also claimed that the banks have started reducing the number of board members after NRB fixed its limit.</p> <p style="text-align: justify;">Congratulating Century Bank for acquiring Innovative Development Bank and Araniko Development Bank, he said that mergers and acquisitions are crucial nowadays. Investing the public’s money irresponsibly is the major cause of problems. Sixteen problematic banks with various issues are now recovering slowly, he added.</p> <p style="text-align: justify;">Dr. Rewat Bahadur Karki, Chairman of Nepal Stock Exchange (NEPSE) suggested employees of banks to continuously perform well.</p> <p style="text-align: justify;">After the acquisition, Century Bank’s paid up capital has increased to Rs. 4.71 billion, Deposits to Rs. 38.5 billion and loans to Rs. 35 billion and will have a total of 53 branches.</p> <p style="text-align: justify;"> The Bank will issue 40 percent right shares to the shareholders after merger. </p> <p style="text-align: justify;">The Bank has also decided to merge with Sagarmatha Finance, Alpine Development Bank and Seti Finance within July, 2017, informed Rajesh Shrestha, CEO of the bank. He added that the bank will easily achieve the goal of increasing the paid up capital to Rs. 8 billion after the issuance of rights shares.</p> ', 'published' => true, 'created' => '2017-06-13', 'modified' => '2017-06-13', 'keywords' => '', 'description' => '', 'sortorder' => '5833', 'image' => '20170613125615_century.jpg', 'article_date' => '2017-06-13 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '6048', 'article_category_id' => '1', 'title' => 'Sipradi Trading as World’s Best Distributor', 'sub_title' => '', 'summary' => 'June 13: Sipradi Trading is awarded with the World’s Best Distributor Award- 2016 of TATA Motors.', 'content' => '<p style="text-align:justify">June 13: Sipradi Trading is awarded with the World’s Best Distributor Award- 2016 of TATA Motors.</p> <p style="text-align:justify">Sipradi was announced as the World’s best distributor in “TATA Motors Global Achievement Award, 2016” ceremony held at Mumbai, India, recently. The Company is the sole official distributor of TATA Motors in Nepal.</p> <p style="text-align:justify">TATA Motors distributors from 45 countries of Europe, Africa and Asia were present in the program. The Company was also able to grab other eight best awards.</p> <p style="text-align:justify">The Company was able to grab the Most Seller Award- 2016 and Highest Market Share- 2016 award under Bus and M&HCV Truck Group.</p> <p style="text-align:justify">Similarly, it also won the Most Seller 2016, Best Customer Engagement -2016, Highest Market Share- 2016 and Best Global Service Camp- 2016 awards for Ultra Bus.</p> <p style="text-align:justify">Official distributors of TATA Motors from worldwide attended the program for the celebration. Rajan Babu Shrestha, CEO of Sipradi Traders committed that the company will continue to provide better service in the future.</p> ', 'published' => true, 'created' => '2017-06-13', 'modified' => '2017-06-13', 'keywords' => '', 'description' => '', 'sortorder' => '5832', 'image' => '20170613125509_sipradi.jpg', 'article_date' => '2017-06-13 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '6047', 'article_category_id' => '1', 'title' => 'IFC Doubles Investment for Business Oxygen', 'sub_title' => '', 'summary' => 'June 12: IFC, a member of the World Bank Group, is investing another $7.3 million into Business Oxygen (BO2), Nepal’s first private equity fund. The investment is being made through two funds managed by IFC, financed by the Climate Investment Funds and United Kingdom’s Department for International Development (DFID), said the international financial institution. The investment will help BO2 increase its financing for small businesses to help them cope with climate chan', 'content' => '<p style="text-align: justify;">June 12: IFC, a member of the World Bank Group, is investing another $7.3 million into Business Oxygen (BO2), Nepal’s first private equity fund. The investment is being made through two funds managed by IFC, financed by the Climate Investment Funds and United Kingdom’s Department for International Development (DFID), said the international financial institution. The investment will help BO2 increase its financing for small businesses to help them cope with climate change.</p> <p style="text-align: justify;">According to the statement, BO2, makes equity investments in Nepal’s high-growth SMEs, helping them achieve their potential and create more jobs. IFC previously provided $7 million of its own funds to BO2 in 2015. In this fresh round of financing, DFID brings in $3.7 million while the Climate Investment Fund’s Pilot Program for Climate Resilience contributes $3.6 million.</p> <p style="text-align: justify;">The BO2 investment is part of IFC’s SME Ventures program for low-income countries where such funding is not available because of the risk profile and difficult operating conditions. For instance, only 39 percent of Nepal’s SMEs have access to finance, leaving a gap for funds such as BO2 to bridge.</p> <p style="text-align: justify;">“IFC’s increased support to Business Oxygen will boost our ability to engage with more small businesses,” said Siddhant Raj Pandey, Chairman and CEO of WLC Ventures, which manages BO2. “It puts us in a position to use innovative products and services to provide opportunities for farmers, create quality jobs, and promote energy efficiency.”</p> <p style="text-align: justify;">Small and medium enterprises (SMEs) are vital to Nepal’s economy. The country’s 111,442 SMEs employ 1.75 million and account for 22 percent of the gross domestic product.</p> <p style="text-align: justify;">“Business Oxygen will help demonstrate the viability of climate-resilient investments in Nepal to other investors, helping to boost the market for similar investments here and in other frontier markets,” said Mohammad Rehan Rashid, IFC’s Resident Representative for Nepal. “The fund’s ability to provide risk capital to SMEs in Nepal provides a vital solution for firms too small or too new for traditional commercial bank financing.”</p> <p style="text-align: justify;">“The fund has the potential to create jobs and support economic growth. We know how important SMEs are in Nepal and we at DFID Nepal are committed to supporting them to achieve their growth potential,” said Gareth Weir, Deputy Head of DFID Nepal. </p> <p style="text-align: justify;">IFC aims to double its climate-related investments between 2016 and 2021 to 28 percent of its financing. A recent World Bank study showed that climate change could push more than 100 million people back into poverty over the next 15 years, reads the statement.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2017-06-12', 'modified' => '2017-06-12', 'keywords' => '', 'description' => '', 'sortorder' => '5831', 'image' => '20170612051525_ifc.jpg', 'article_date' => '2017-06-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '6046', 'article_category_id' => '1', 'title' => 'Smart Telecom Commencing 4G Service', 'sub_title' => '', 'summary' => 'June 12: The private telecommunications service providing company, Smart Telecom will be starting its 4G service from July 30.', 'content' => '<p style="text-align: justify;">June 12:<strong> </strong>The private telecommunications service providing company, Smart Telecom will be starting its 4G service from July 30.</p> <p style="text-align: justify;">Smart Telecom is preparing to start the service from the fixed time as it has received the technology neutrality license from Nepal Telecommunications Authority (NTA).</p> <p style="text-align: justify;">According to Sabin Shrestha, Chief Administrative Officer of Smart Telecom, the service will be started from Kathmandu. As per the roll out plan permitted by NTA, the company will be expanding its 4G service to Pokhara, Chitwan and Birgunj by mid-October.</p> <p style="text-align: justify;">Likewise, the company is planning to expand the service to Biratnagar, Bhairahawa, Butwal and other big cities after this.</p> <p style="text-align: justify;">Smart 4G will be using 1800 band whereas the company has 12 megahertz frequency now.</p> <p style="text-align: justify;"> Bijay Kumar Roy, Deputy Director of NTA informed that the roll out plan was permitted to start 4G from five MHz. The company started its service from the western region and has expanded its network in more than 45 districts.</p> <p style="text-align: justify;">The company has made commitment with NTA to expand its network in the districts connected by East-West Highway till mid-January, 2018.</p> <p style="text-align: justify;">According to the statistics of the Authority, currently Smart Telecom is providing its telephone service to 1,493,922 customers and mobile internet service to 120,228 customers. </p> ', 'published' => true, 'created' => '2017-06-12', 'modified' => '2017-06-12', 'keywords' => '', 'description' => '', 'sortorder' => '5830', 'image' => '20170612045952_smart telecom logo1.jpg', 'article_date' => '2017-06-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '6045', 'article_category_id' => '1', 'title' => 'Outer Ring Road: Notice to Acquire Land This Week', 'sub_title' => '', 'summary' => 'June 12: The Outer Ring Road Project has reached its implementation phase. The government is publishing a 35-day public notice to acquire land this week for the construction of the first phase 6.9 km Chovar-Gamcha-Satungal section.', 'content' => '<p style="text-align: justify;">June 12: The Outer Ring Road Project has reached its implementation phase. The government is publishing a 35-day public notice to acquire land this week for the construction of the first phase 6.9 km Chovar-Gamcha-Satungal section.</p> <p style="text-align: justify;">Dhruba Sapkota, Chief of Outer Ring Road Project informed that the project which will be constructed through land pooling system, and the project will publish public notice to acquire land for the construction of the outer ring road, cities and related infrastructure.</p> <p style="text-align: justify;">Sapkota also made it clear that compensation will not be given to the land owners whose land falls in the Outer Ring Road project. “We will be constructing infrastructure by developing land in Outer Ring Road and not provide compensation,” he stated. </p> <p style="text-align: justify;">Similarly, he said that 20 to 42 percent of local land will be taken as grant for land pooling. The land is being taken from the locals as the project aims to construct infrastructure under systematic urbanization.</p> <p style="text-align: justify;">According to Sapkota, while constructing the outer ring road, 7.8 percent of land will be for road construction and 5 percent each for open space and infrastructure. Though the area of the land owners will decrease, but the price of land will increase drastically, he said.</p> <p style="text-align: justify;">The Outer Ring Road Project which was only limited to paperwork for the past 13 years is finally starting its construction. With the publication of the detailed project report (DPR) in the Nepal Gazette, the first phase six km Outer Ring Road construction from Satungal to Chovar is going to start soon.</p> <p style="text-align: justify;">For construction of the remaining 68 km of the road, homework is being done for approval of its detailed project report (DPR). </p> ', 'published' => true, 'created' => '2017-06-12', 'modified' => '2017-06-12', 'keywords' => '', 'description' => '', 'sortorder' => '5829', 'image' => '20170612045620_outer ringraod.jpg', 'article_date' => '2017-06-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '6044', 'article_category_id' => '1', 'title' => 'Muktinath’s Branch in Manhari and Daldale', 'sub_title' => '', 'summary' => 'June 12: Muktinath Bikas Bank has started branches in Manhari, Makwanpur and Daldale, Nawalparasi. Rajaram Syangtan, Member of Parliament from Makwanpur, Province no 3 inaugurated the Manhari branch whereas Purna Kumar Shrestha, Mayor of Devchuli Municipality inaugurated the Daldale branch amid a program recently', 'content' => '<p style="text-align: justify;">June 12: Muktinath Bikas Bank has started branches in Manhari, Makwanpur and Daldale, Nawalparasi. Rajaram Syangtan, Member of Parliament from Makwanpur, Province no 3 inaugurated the Manhari branch whereas Purna Kumar Shrestha, Mayor of Devchuli Municipality inaugurated the Daldale branch amid a program recently.</p> <p style="text-align: justify;">In the program, Bharat Raj Dhakal, CEO of the bank highlighted about the past, present and future strategies of the bank.</p> ', 'published' => true, 'created' => '2017-06-12', 'modified' => '2017-06-12', 'keywords' => '', 'description' => '', 'sortorder' => '5828', 'image' => '20170612044702_muktinath.jpg', 'article_date' => '2017-06-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '6043', 'article_category_id' => '1', 'title' => 'NB Opens Branch in Mitrapark', 'sub_title' => '', 'summary' => 'June 12: Nepal Bangladesh Bank (NB) has opened a branch in Mitrapark, Kathmandu. Jalal Ahmed, Chairman of NB Bank inaugurated the branch amid a program on June 8. In the program, ', 'content' => '<p style="text-align: justify;">June 12: Nepal Bangladesh Bank (NB) has opened a branch in Mitrapark, Kathmandu. Jalal Ahmed, Chairman of NB Bank inaugurated the branch amid a program on June 8. In the program, Gyanendra Prasad Dhungana, CEO of the bank informed about services and future strategies of the bank.</p> <p style="text-align: justify;">Presently, the bank is providing financial services from 45 branches, 4 extension counters, 7 branchless banking units and 45 ATM outlets. </p> ', 'published' => true, 'created' => '2017-06-12', 'modified' => '2017-06-12', 'keywords' => '', 'description' => '', 'sortorder' => '5827', 'image' => '20170612044216_nb bank.jpg', 'article_date' => '2017-06-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = false $xml = falseinclude - 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
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MS Group in a press statement informed that the new company has been established aiming at millennial's group of Nepalis (those born between 1980 and 2000)', 'content' => '<p>June 15: Business house MS Group has started a new venture named Millennia Global.</p> <p>MS Group in a press statement informed that the new company has been established aiming at millennial's group of Nepalis (those born between 1980 and 2000). As per the statement, the new company will also join hands with multinational companies for the purpose.</p> <p>“The venture is established to provide high-end brands to Nepalis”, said Umanga Agrawal, Chairman and CEO of MS Group.</p> <p style="text-align: justify;">He further added, “Millennia Global will think as per the Nepali millennial’s perspective and will focus more on providing quality after-sales services.” According to Agrawal, MS group will step in automobile, education, home development, FMCG and retail sub-sectors. </p> ', 'published' => true, 'created' => '2017-06-15', 'modified' => '2017-06-15', 'keywords' => '', 'description' => '', 'sortorder' => '5840', 'image' => '20170615062751_MS.jpg', 'article_date' => '2017-06-15 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '6055', 'article_category_id' => '1', 'title' => 'IME Celebrates 17th Anniversary ', 'sub_title' => '', 'summary' => 'Remit company IME has celebrated its 17th anniversary organising various programs on June 13', 'content' => '<p>June 15: Remittance company IME has celebrated 17th anniversary organising various programs on June 13. The company marked the day with the slogan “17<sup>th</sup> Anniversary of New Technology”.</p> <p style="text-align: justify;">The company organised sports competition for employees. Hemraj Dhakal, Managing Director of IME handed over trophy to the winners of the competition. Similarly, it distributed prizes to its 34 customers. The winners were selected through a lucky draw. </p> ', 'published' => true, 'created' => '2017-06-15', 'modified' => '2017-06-15', 'keywords' => '', 'description' => '', 'sortorder' => '5839', 'image' => '20170615062246_ime.jpg', 'article_date' => '2017-06-15 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '6054', 'article_category_id' => '1', 'title' => 'Yeti’s Financial Literacy Program ', 'sub_title' => '', 'summary' => 'Yeti Development Bank has organised a financial literacy program at Bhanu Secondary School of Makwanpurgadhi-3, Hetauda', 'content' => '<p style="text-align: justify;">June 15: Yeti Development Bank has organised a financial literacy program at Bhanu Secondary School of Makwanpurgadhi-3, Hetauda. The bank informed that the students of the school given knowledge regarding the importance of saving, use of ATM card, mobile banking and loan amid a program held on Monday. Rajesh Lamichhane, manager of Yeti bank and Sarina Manandhar, Head of Credit Department, jointly conducted the program attended by the school’s students of grade 9 and 10. The bank also distributed stationery products to the 61 students present in the program. </p> ', 'published' => true, 'created' => '2017-06-15', 'modified' => '2017-06-15', 'keywords' => '', 'description' => '', 'sortorder' => '5838', 'image' => '20170615021043_yeti.jpg', 'article_date' => '2017-06-15 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '6053', 'article_category_id' => '1', 'title' => 'United Finance’s Free ASBA Facility', 'sub_title' => '', 'summary' => 'United Finance Limited has introduced free ASBA facility to its customers. According to the finance, the new service will make it easy for the customers to invest in easy, convenient and safer manners while applying for the public offerings of share', 'content' => '<p style="text-align: justify;">June 15: United Finance Limited has introduced free ASBA facility to its customers. According to the finance, the new service will make it easy for the customers to invest in easy, convenient and safer manners while applying for the public offerings of share. The free ASBA facility is available at the head office as well as all branches of the finance.</p> ', 'published' => true, 'created' => '2017-06-15', 'modified' => '2017-06-15', 'keywords' => '', 'description' => '', 'sortorder' => '5837', 'image' => '20170615020947_united.jpg', 'article_date' => '2017-06-15 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '6052', 'article_category_id' => '1', 'title' => 'Swarojgar Laghubitta Opens 3 Branches in Rautahat', 'sub_title' => '', 'summary' => 'Swarojgar Laghubitta Bikas Bank has opened three branches in Rautahat. Three new outlets are located at Harsaha of Sakhuwa Dhamaura, Bijaypur of Laxminia and Chandranighapur of Chandrapur', 'content' => '<p style="text-align: justify;">June 15: Swarojgar Laghubitta Bikas Bank has opened three branches in Rautahat. Three new outlets are located at Harsaha of Sakhuwa Dhamaura, Bijaypur of Laxminia and Chandranighapur of Chandrapur. “Swarojgar has invested a total of Rs 83.5 million in these three branches,” said Sanjay Kumar Chaudhary, Manager of Harsha branch. The microfinance institution has opened its two braches after a successful year of establishment of a branch in Harsha in 2016. With the addition, it now has a total of 22 branches across the country.</p> ', 'published' => true, 'created' => '2017-06-15', 'modified' => '2017-06-15', 'keywords' => '', 'description' => '', 'sortorder' => '5836', 'image' => null, 'article_date' => '2017-06-15 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '6051', 'article_category_id' => '1', 'title' => 'Vishakhapatnam-Birgunj Dry Port Container Transport', 'sub_title' => 'Container Train Arrives After 15 Months of Agreement', 'summary' => 'A train has arrived in Birgunj Dry Port for the first time with containers from the Indian port city of Vishakhapatnam, fifteen months after the agreement between Nepal and India that allows Nepal transit facilities to use the port', 'content' => '<p> June 14: A train has arrived in Birgunj Dry Port for the first time with containers from the Indian port city of Vishakhapatnam, fifteen months after the agreement between Nepal and India that allows Nepal transit facilities to use the port. </p> <p>The container train arrived on Monday night with 50 containers. According to Animesh Kumar, Senior Officer of the Himalayan Terminal Pvt Ltd, the port operators, the train arrived in five days from Vishakhapatnam.</p> <p> It came with a cargo of 50 containers of furnace oil and mustard seeds, he told Arthik Abhiyan daily. The train left on June 7 from Vishakhapatnam for Birgunj. Earlier, the importers used to bring the containers from Kolkata and Haldiya. There was no such transportation from Vishakhapatnam so far. </p> <p>Thirty out of the 50 containers has furnace oil. It is imported by the Rauniyar Brothers of Birgunj from Dubai and Kuwait. Likewise, Mahabir Overseas of Birgunj also brought 20 containers of mustard seeds from Australia. The Maersk Shipping Line transported the first cargo from Vishakhapatnam. Most of the shipping companies so far transported containers from Calcutta and Haldiya.</p> <p>The Maersk Line provides five-day period free for the containers brought to Birgunj, the Himalayan Terminal said.</p> <p>In Kolkata port, the importers get 14 days free in trade with third countries. Most importers say they have to pay hefty fines to the shipping company for failing to return the containers in time. </p> ', 'published' => true, 'created' => '2017-06-14', 'modified' => '2017-06-14', 'keywords' => '', 'description' => '', 'sortorder' => '5835', 'image' => '20170614053352_vigaz.JPG', 'article_date' => '2017-06-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '6050', 'article_category_id' => '1', 'title' => 'Nepal Ranked Third Among Fastest Growing Economies: WEF', 'sub_title' => '', 'summary' => 'June 13: Nepal has been listed in the third place among the fastest growing economies in the world. A report by World Economic Forum (WEF) made this revelation proje', 'content' => '<p style="text-align: justify;">June 13: Nepal has been listed in the third place among the fastest growing economies in the world. A report by World Economic Forum (WEF) made this revelation projecting that Nepal's economic growth will be 7.5 percent in 2017 on the basis of World Bank research.</p> <p style="text-align: justify;">The report stated that Nepal will achieve the astounding economic growth rate thanks to favorable climate, speedy reconstruction works after the earthquake and balanced trade with India.</p> <p style="text-align: justify;">Similarly, the report which was unveiled on June 9 has projected that India will be the fourth fastest growing economy. India ranked in fourth position with the economic growth rate of 7.2 percent due to its increase in import and government expenditure.</p> <p style="text-align: justify;">Ethiopia has topped the list with an economic growth rate of 8.3 percent. Ethiopia is followed by Uzbekistan with 7.6 percent growth rate. The country ranked in second position due to the increase of petroleum production and price hike of petroleum products in global market.</p> <p style="text-align: justify;">Among the 10 fastest growing economies, Tanzania also ranked fourth along with India with 7.2 percent economic growth.</p> <p style="text-align: justify;">Similarly, Djibouti and Laos are projected to gain seven percent of economic growth each while Cambodia, Myanmar and Philippines will have an economic growth rate of 6.9 percent. </p> ', 'published' => true, 'created' => '2017-06-13', 'modified' => '2017-06-13', 'keywords' => '', 'description' => '', 'sortorder' => '5834', 'image' => '20170613035710_wef.jpg', 'article_date' => '2017-06-13 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '6049', 'article_category_id' => '1', 'title' => 'Branches of Banks in Local Level Necessary : Governor', 'sub_title' => '', 'summary' => 'June 13: Dr. Chiranjivi Nepal, Governor of Nepal Rastra Bank (NRB) has emphasized on opening new branches in every local level if we are to establish commercial banks.', 'content' => '<p style="text-align: justify;">June 13: Dr. Chiranjivi Nepal, Governor of Nepal Rastra Bank (NRB) has emphasized on opening new branches in every local level if we are to establish commercial banks.</p> <p style="text-align: justify;">Governor Nepal requested the private commercial banks to open branches in local level as government owned banks are only located in 249 places so far.</p> <p style="text-align: justify;">Speaking at the function of start joint transaction of the Century Bank after acquiring Innovative Development Bank and Araniko Development Bank on June 11, he said the country has gone under federalism and since the government budget will also be spent in local level, the expansion of branches will prove to be beneficial in the future.</p> <p style="text-align: justify;">He also informed about the NRB’s plan of preparing a specially designed manual for bank operators with little or no knowledge of banking.</p> <p style="text-align: justify;">Understanding the source of money is more important than only recognizing money, he said, adding, “BAFIA law has also specified the bank operator’s qualifications”. He also claimed that the banks have started reducing the number of board members after NRB fixed its limit.</p> <p style="text-align: justify;">Congratulating Century Bank for acquiring Innovative Development Bank and Araniko Development Bank, he said that mergers and acquisitions are crucial nowadays. Investing the public’s money irresponsibly is the major cause of problems. Sixteen problematic banks with various issues are now recovering slowly, he added.</p> <p style="text-align: justify;">Dr. Rewat Bahadur Karki, Chairman of Nepal Stock Exchange (NEPSE) suggested employees of banks to continuously perform well.</p> <p style="text-align: justify;">After the acquisition, Century Bank’s paid up capital has increased to Rs. 4.71 billion, Deposits to Rs. 38.5 billion and loans to Rs. 35 billion and will have a total of 53 branches.</p> <p style="text-align: justify;"> The Bank will issue 40 percent right shares to the shareholders after merger. </p> <p style="text-align: justify;">The Bank has also decided to merge with Sagarmatha Finance, Alpine Development Bank and Seti Finance within July, 2017, informed Rajesh Shrestha, CEO of the bank. He added that the bank will easily achieve the goal of increasing the paid up capital to Rs. 8 billion after the issuance of rights shares.</p> ', 'published' => true, 'created' => '2017-06-13', 'modified' => '2017-06-13', 'keywords' => '', 'description' => '', 'sortorder' => '5833', 'image' => '20170613125615_century.jpg', 'article_date' => '2017-06-13 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '6048', 'article_category_id' => '1', 'title' => 'Sipradi Trading as World’s Best Distributor', 'sub_title' => '', 'summary' => 'June 13: Sipradi Trading is awarded with the World’s Best Distributor Award- 2016 of TATA Motors.', 'content' => '<p style="text-align:justify">June 13: Sipradi Trading is awarded with the World’s Best Distributor Award- 2016 of TATA Motors.</p> <p style="text-align:justify">Sipradi was announced as the World’s best distributor in “TATA Motors Global Achievement Award, 2016” ceremony held at Mumbai, India, recently. The Company is the sole official distributor of TATA Motors in Nepal.</p> <p style="text-align:justify">TATA Motors distributors from 45 countries of Europe, Africa and Asia were present in the program. The Company was also able to grab other eight best awards.</p> <p style="text-align:justify">The Company was able to grab the Most Seller Award- 2016 and Highest Market Share- 2016 award under Bus and M&HCV Truck Group.</p> <p style="text-align:justify">Similarly, it also won the Most Seller 2016, Best Customer Engagement -2016, Highest Market Share- 2016 and Best Global Service Camp- 2016 awards for Ultra Bus.</p> <p style="text-align:justify">Official distributors of TATA Motors from worldwide attended the program for the celebration. Rajan Babu Shrestha, CEO of Sipradi Traders committed that the company will continue to provide better service in the future.</p> ', 'published' => true, 'created' => '2017-06-13', 'modified' => '2017-06-13', 'keywords' => '', 'description' => '', 'sortorder' => '5832', 'image' => '20170613125509_sipradi.jpg', 'article_date' => '2017-06-13 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '6047', 'article_category_id' => '1', 'title' => 'IFC Doubles Investment for Business Oxygen', 'sub_title' => '', 'summary' => 'June 12: IFC, a member of the World Bank Group, is investing another $7.3 million into Business Oxygen (BO2), Nepal’s first private equity fund. The investment is being made through two funds managed by IFC, financed by the Climate Investment Funds and United Kingdom’s Department for International Development (DFID), said the international financial institution. The investment will help BO2 increase its financing for small businesses to help them cope with climate chan', 'content' => '<p style="text-align: justify;">June 12: IFC, a member of the World Bank Group, is investing another $7.3 million into Business Oxygen (BO2), Nepal’s first private equity fund. The investment is being made through two funds managed by IFC, financed by the Climate Investment Funds and United Kingdom’s Department for International Development (DFID), said the international financial institution. The investment will help BO2 increase its financing for small businesses to help them cope with climate change.</p> <p style="text-align: justify;">According to the statement, BO2, makes equity investments in Nepal’s high-growth SMEs, helping them achieve their potential and create more jobs. IFC previously provided $7 million of its own funds to BO2 in 2015. In this fresh round of financing, DFID brings in $3.7 million while the Climate Investment Fund’s Pilot Program for Climate Resilience contributes $3.6 million.</p> <p style="text-align: justify;">The BO2 investment is part of IFC’s SME Ventures program for low-income countries where such funding is not available because of the risk profile and difficult operating conditions. For instance, only 39 percent of Nepal’s SMEs have access to finance, leaving a gap for funds such as BO2 to bridge.</p> <p style="text-align: justify;">“IFC’s increased support to Business Oxygen will boost our ability to engage with more small businesses,” said Siddhant Raj Pandey, Chairman and CEO of WLC Ventures, which manages BO2. “It puts us in a position to use innovative products and services to provide opportunities for farmers, create quality jobs, and promote energy efficiency.”</p> <p style="text-align: justify;">Small and medium enterprises (SMEs) are vital to Nepal’s economy. The country’s 111,442 SMEs employ 1.75 million and account for 22 percent of the gross domestic product.</p> <p style="text-align: justify;">“Business Oxygen will help demonstrate the viability of climate-resilient investments in Nepal to other investors, helping to boost the market for similar investments here and in other frontier markets,” said Mohammad Rehan Rashid, IFC’s Resident Representative for Nepal. “The fund’s ability to provide risk capital to SMEs in Nepal provides a vital solution for firms too small or too new for traditional commercial bank financing.”</p> <p style="text-align: justify;">“The fund has the potential to create jobs and support economic growth. We know how important SMEs are in Nepal and we at DFID Nepal are committed to supporting them to achieve their growth potential,” said Gareth Weir, Deputy Head of DFID Nepal. </p> <p style="text-align: justify;">IFC aims to double its climate-related investments between 2016 and 2021 to 28 percent of its financing. A recent World Bank study showed that climate change could push more than 100 million people back into poverty over the next 15 years, reads the statement.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2017-06-12', 'modified' => '2017-06-12', 'keywords' => '', 'description' => '', 'sortorder' => '5831', 'image' => '20170612051525_ifc.jpg', 'article_date' => '2017-06-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '6046', 'article_category_id' => '1', 'title' => 'Smart Telecom Commencing 4G Service', 'sub_title' => '', 'summary' => 'June 12: The private telecommunications service providing company, Smart Telecom will be starting its 4G service from July 30.', 'content' => '<p style="text-align: justify;">June 12:<strong> </strong>The private telecommunications service providing company, Smart Telecom will be starting its 4G service from July 30.</p> <p style="text-align: justify;">Smart Telecom is preparing to start the service from the fixed time as it has received the technology neutrality license from Nepal Telecommunications Authority (NTA).</p> <p style="text-align: justify;">According to Sabin Shrestha, Chief Administrative Officer of Smart Telecom, the service will be started from Kathmandu. As per the roll out plan permitted by NTA, the company will be expanding its 4G service to Pokhara, Chitwan and Birgunj by mid-October.</p> <p style="text-align: justify;">Likewise, the company is planning to expand the service to Biratnagar, Bhairahawa, Butwal and other big cities after this.</p> <p style="text-align: justify;">Smart 4G will be using 1800 band whereas the company has 12 megahertz frequency now.</p> <p style="text-align: justify;"> Bijay Kumar Roy, Deputy Director of NTA informed that the roll out plan was permitted to start 4G from five MHz. The company started its service from the western region and has expanded its network in more than 45 districts.</p> <p style="text-align: justify;">The company has made commitment with NTA to expand its network in the districts connected by East-West Highway till mid-January, 2018.</p> <p style="text-align: justify;">According to the statistics of the Authority, currently Smart Telecom is providing its telephone service to 1,493,922 customers and mobile internet service to 120,228 customers. </p> ', 'published' => true, 'created' => '2017-06-12', 'modified' => '2017-06-12', 'keywords' => '', 'description' => '', 'sortorder' => '5830', 'image' => '20170612045952_smart telecom logo1.jpg', 'article_date' => '2017-06-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '6045', 'article_category_id' => '1', 'title' => 'Outer Ring Road: Notice to Acquire Land This Week', 'sub_title' => '', 'summary' => 'June 12: The Outer Ring Road Project has reached its implementation phase. The government is publishing a 35-day public notice to acquire land this week for the construction of the first phase 6.9 km Chovar-Gamcha-Satungal section.', 'content' => '<p style="text-align: justify;">June 12: The Outer Ring Road Project has reached its implementation phase. The government is publishing a 35-day public notice to acquire land this week for the construction of the first phase 6.9 km Chovar-Gamcha-Satungal section.</p> <p style="text-align: justify;">Dhruba Sapkota, Chief of Outer Ring Road Project informed that the project which will be constructed through land pooling system, and the project will publish public notice to acquire land for the construction of the outer ring road, cities and related infrastructure.</p> <p style="text-align: justify;">Sapkota also made it clear that compensation will not be given to the land owners whose land falls in the Outer Ring Road project. “We will be constructing infrastructure by developing land in Outer Ring Road and not provide compensation,” he stated. </p> <p style="text-align: justify;">Similarly, he said that 20 to 42 percent of local land will be taken as grant for land pooling. The land is being taken from the locals as the project aims to construct infrastructure under systematic urbanization.</p> <p style="text-align: justify;">According to Sapkota, while constructing the outer ring road, 7.8 percent of land will be for road construction and 5 percent each for open space and infrastructure. Though the area of the land owners will decrease, but the price of land will increase drastically, he said.</p> <p style="text-align: justify;">The Outer Ring Road Project which was only limited to paperwork for the past 13 years is finally starting its construction. With the publication of the detailed project report (DPR) in the Nepal Gazette, the first phase six km Outer Ring Road construction from Satungal to Chovar is going to start soon.</p> <p style="text-align: justify;">For construction of the remaining 68 km of the road, homework is being done for approval of its detailed project report (DPR). </p> ', 'published' => true, 'created' => '2017-06-12', 'modified' => '2017-06-12', 'keywords' => '', 'description' => '', 'sortorder' => '5829', 'image' => '20170612045620_outer ringraod.jpg', 'article_date' => '2017-06-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '6044', 'article_category_id' => '1', 'title' => 'Muktinath’s Branch in Manhari and Daldale', 'sub_title' => '', 'summary' => 'June 12: Muktinath Bikas Bank has started branches in Manhari, Makwanpur and Daldale, Nawalparasi. Rajaram Syangtan, Member of Parliament from Makwanpur, Province no 3 inaugurated the Manhari branch whereas Purna Kumar Shrestha, Mayor of Devchuli Municipality inaugurated the Daldale branch amid a program recently', 'content' => '<p style="text-align: justify;">June 12: Muktinath Bikas Bank has started branches in Manhari, Makwanpur and Daldale, Nawalparasi. Rajaram Syangtan, Member of Parliament from Makwanpur, Province no 3 inaugurated the Manhari branch whereas Purna Kumar Shrestha, Mayor of Devchuli Municipality inaugurated the Daldale branch amid a program recently.</p> <p style="text-align: justify;">In the program, Bharat Raj Dhakal, CEO of the bank highlighted about the past, present and future strategies of the bank.</p> ', 'published' => true, 'created' => '2017-06-12', 'modified' => '2017-06-12', 'keywords' => '', 'description' => '', 'sortorder' => '5828', 'image' => '20170612044702_muktinath.jpg', 'article_date' => '2017-06-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '6043', 'article_category_id' => '1', 'title' => 'NB Opens Branch in Mitrapark', 'sub_title' => '', 'summary' => 'June 12: Nepal Bangladesh Bank (NB) has opened a branch in Mitrapark, Kathmandu. Jalal Ahmed, Chairman of NB Bank inaugurated the branch amid a program on June 8. In the program, ', 'content' => '<p style="text-align: justify;">June 12: Nepal Bangladesh Bank (NB) has opened a branch in Mitrapark, Kathmandu. Jalal Ahmed, Chairman of NB Bank inaugurated the branch amid a program on June 8. In the program, Gyanendra Prasad Dhungana, CEO of the bank informed about services and future strategies of the bank.</p> <p style="text-align: justify;">Presently, the bank is providing financial services from 45 branches, 4 extension counters, 7 branchless banking units and 45 ATM outlets. </p> ', 'published' => true, 'created' => '2017-06-12', 'modified' => '2017-06-12', 'keywords' => '', 'description' => '', 'sortorder' => '5827', 'image' => '20170612044216_nb bank.jpg', 'article_date' => '2017-06-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = false $xml = falsesimplexml_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
| Currency | Unit |
Buy | Sell |
| U.S. Dollar | 1 | 121.23 | 121.83 |
| European Euro | 1 | 131.65 | 132.31 |
| UK Pound Sterling | 1 | 142.47 | 143.18 |
| Swiss Franc | 1 | 124.29 | 124.90 |
| Australian Dollar | 1 | 71.69 | 72.05 |
| Canadian Dollar | 1 | 83.90 | 84.32 |
| Japanese Yen | 10 | 10.94 | 11.00 |
| Chinese Yuan | 1 | 17.17 | 17.26 |
| Saudi Arabian Riyal | 1 | 32.27 | 32.43 |
| UAE Dirham | 1 | 33.01 | 33.17 |
| Malaysian Ringgit | 1 | 27.36 | 27.50 |
| South Korean Won | 100 | 9.77 | 9.82 |
Update: 2020-03-25 | Source: Nepal Rastra Bank (NRB)
| Fine Gold | 1 tola | 77000.00 |
| Tejabi Gold | 1 tola | 76700.00 |
| Silver | 1 tola | 720.00 |
Update : 2020-03-25
Source: Federation of Nepal Gold and Silver Dealers' Association
| Petrol | 1 Liter | 106.00 |
| Diesel | 1 Liter | 95.00 |
| Kerosene | 1 Liter | 95.00 |
| LP Gas | 1 Cylinder | 1375.00 |
Update : 2020-03-25
