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Code Context
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			'id' => '5890',
			'article_category_id' => '1',
			'title' => '2 Companies Submit Proposal to Lay Optical Fiber in Province 6 & 7',
			'sub_title' => '',
			'summary' => 'May 15: Two companies have proposed to lay optical fiber in province no six and seven under mid-hill highway. The two companies submitted quotation on the call of proposal by Nepal Telecommunication Authority (NEA) for the second time.',
			'content' => '<p style="text-align: justify;">May 15: Two companies have proposed to lay optical fiber in province no six and seven under mid-hill highway. The two companies submitted quotation on the call of proposal by Nepal Telecommunication Authority (NEA) for the second time.</p>

<p style="text-align: justify;">The first call was terminated by NEA citing unfulfillment of standard by the companies. The second call of proposal had a deadline till May 12. &ldquo;During the period, Smart and WorldLink submitted quotation of laying optical fiber in Rs 3.94 billion and Rs 3.34 billion respectively,&rdquo; said Achyutananda Mishra, Assistant Spokesperson of NEA.</p>

<p style="text-align: justify;">NEA gave cap of Rs 3.70 billion to the companies for the submission of the quotation. The company which quoted the lowest price and have the technical expertise will obtain the project.</p>
',
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			'created' => '2017-05-15',
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			'image' => '20170515011750_optical.jpg',
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			'id' => '5889',
			'article_category_id' => '1',
			'title' => 'Double Digit Economic Growth is Near: Governor Nepal',
			'sub_title' => '',
			'summary' => 'May 15: Dr Chiranjibi Nepal, Governor of Nepal Rastra Bank (NRB) has said that achievement of double digit economic growth is near. Dr Nepal uttered the statement in an inauguration program organized by Rotary Club, Hetauda to mark its silver jubilee. He said “The economic growth of the country grew to 7 percent due to regular power supply supported by unconstrained industrial production. If only we could insert little hard work, the economy will be able to achieve double digit growth.”',
			'content' => '<p style="text-align: justify;">May 15: Dr Chiranjibi Nepal, Governor of Nepal Rastra Bank (NRB) has said that achievement of double digit economic growth is near. Dr Nepal uttered the statement in an inauguration program organized by Rotary Club, Hetauda to mark its silver jubilee. He said &ldquo;The economic growth of the country grew to 7 percent due to regular power supply supported by unconstrained industrial production. If only we could insert little hard work, the economy will be able to achieve double digit growth.&rdquo;</p>

<p style="text-align: justify;">&ldquo;In order to achieve the economic growth, modification in the traditional societal norms should be encouraged and the immense opportunities within the country should be exploited,&rdquo; he added. &ldquo;Even in a backdrop of 57 percent labour force between 18-60 years of age being out of country, Nepal has been able to achieve 7 percent economic growth. In order to achieve the double digit economic growth, youths should be encouraged to start their own businesses by taking finances from banks and financial institutions (BFIs),&rdquo; Nepal voiced.</p>

<p style="text-align: justify;">Moreover, Governor Nepal said that the government still holds balance of Rs 500 million allocated for agricultural entrepreneurs in order to provide subsidy on interest rate. He further said that only 42 percent of Nepalis youth are engaged in entrepreneurships by taking loans with BFIs and 58 percent youths are still in banking inaccessibility. &nbsp;</p>

<p style="text-align: justify;">&nbsp;</p>
',
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			'article_category_id' => '1',
			'title' => 'Kabeli Bikas Bank and Mount Makalu Devt Bank to Merge',
			'sub_title' => '',
			'summary' => 'May 15: Kabeli Bikas Bank, headquartered at Dhankuta and Mount Makalu Development Bank, headquartered at Tehrathum are set to merge with each other. A memorandum of understanding regarding the matter was signed by Gopal Prasad Kafle, Chairman of Kabeli Bikas Bank and Hari Krishna Niraula, Chairman of Makalu Bank.',
			'content' => '<p style="text-align: justify;">May 15: Kabeli Bikas Bank, headquartered at Dhankuta and Mount Makalu Development Bank, headquartered at Tehrathum are set to merge with each other. A memorandum of understanding regarding the matter was signed by Gopal Prasad Kafle, Chairman of Kabeli Bikas Bank and Hari Krishna Niraula, Chairman of Makalu Bank.</p>

<p style="text-align: justify;">The banks merged with each other in order to meet the minimum paid-up capital requirement of Rs 500 million as per the directive of Nepal Rastra Bank by the end of the current FY. According to the agreement, the merged entity to be known as Kabeli Bikas Bank will be headquartered in Dhankuta and will be lead by the chairman of the current Kabeli Bikas Bank.&nbsp;</p>
',
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			'description' => '',
			'sortorder' => '5673',
			'image' => '20170515103809_kabeli.jpg',
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			'id' => '5887',
			'article_category_id' => '1',
			'title' => 'Oppo R9S Became Most Popular Handset',
			'sub_title' => '',
			'summary' => 'May 12: Oppo R9S has become the most selling smartphone in first quarter of 2017 as per the report of Research from Strategy Analytics. According to the report, 8.9 million units of Oppo R9S have been sold in the review period.',
			'content' => '<p style="text-align: justify;">May 12: Oppo R9S has become the most selling smartphone in first quarter of 2017 as per the report of Research from Strategy Analytics. According to the report, 8.9 million units of Oppo R9S have been sold in the review period.</p>

<p style="text-align: justify;">Meanwhile, &nbsp;Apple&rsquo;s iPhone 7 was the most sold smartphone in the previous quarter with 201.5 million units in the global market as per the report. Similarly, the second spot was claimed by iPhone 7 plus with selling 107.4 million units. Likewise, Oppo R9S grabbed third spot in the review period whereas Samsung&rsquo;s mid-range handset Galaxy J3 and Galaxy J5 had 3.1 million unit and 5 million units sold respectively.&nbsp;</p>
',
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			'sortorder' => '5672',
			'image' => '20170512011154_oppo.jpg',
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			'id' => '5886',
			'article_category_id' => '1',
			'title' => 'NMB to Issue FPO through Citizens Investment Trust',
			'sub_title' => '',
			'summary' => 'May 12: Citizens Investment Trust and NMB Bank have finalized an agreement regarding further public offering. The bank appointed CIT as its issue manager to manage the 14,415,163 units of FPO.',
			'content' => '<p style="text-align: justify;">May 12: Citizens Investment Trust and NMB Bank have finalized an agreement regarding further public offering. The bank appointed CIT as its issue manager to manage the 14,415,163 units of FPO.</p>

<p style="text-align: justify;">Ram Krishna Pokharel, executive director of CIT and Sunil KC, CEO of NMB Bank signed the agreement amid a program on May 11. According to the agreement, the FPO will be issued with a face value of Rs 100 at premium.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-05-12',
			'modified' => '2017-05-12',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5671',
			'image' => '20170512124514_nmb.jpg',
			'article_date' => '2017-05-12 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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		'Article' => array(
			'id' => '5885',
			'article_category_id' => '1',
			'title' => 'Sunrise Bank Supports Students ',
			'sub_title' => '',
			'summary' => 'May 12: Sunrise Bank is supporting five students of Masters in Business Studies (MBS) and Master in Business Administration (MBA) level for their thesis preparation.  The bank is providing the supporting to the students of Tribhuwan University (TU).',
			'content' => '<p style="text-align:justify">May 12: Sunrise Bank is supporting five students of Masters in Business Studies (MBS) and Master in Business Administration (MBA) level for their thesis preparation. &nbsp;The bank is providing the supporting to the students of Tribhuwan University (TU).</p>

<p style="text-align:justify">The bank and the administration department of TU signed a memorandum of understanding regarding the matter on May 11. Ratna Raj Bajracharya, CEO of the bank and Prof Dr Bhoj Raj Aryal, Chief of TU administration department signed the agreement paper amid a program. Under the agreement, the bank will provided financial support to five thesis doers of TU.</p>
',
			'published' => true,
			'created' => '2017-05-12',
			'modified' => '2017-05-15',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5670',
			'image' => '20170512122606_SUNRISE.jpg',
			'article_date' => '2017-05-12 00:00:00',
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		'Article' => array(
			'id' => '5884',
			'article_category_id' => '1',
			'title' => 'Vibor Society Devt Bank to Rename as Lumbini Bikas Bank',
			'sub_title' => '',
			'summary' => 'May 12: Vibor Society Development Bank is set to rename as Lumbini Bikas Bank. The 9th annual general meeting (AGM) of the bank approved a proposal regarding merger of the bank with Lumbini Finance and Leasing Company. The same meeting approved the proposal of renaming the bank as ‘Lumbini Bikas Bank’.',
			'content' => '<p style="text-align: justify;">May 12: Vibor Society Development Bank is set to rename as Lumbini Bikas Bank. The 9<sup>th</sup> annual general meeting (AGM) of the bank approved a proposal regarding merger of the bank with Lumbini Finance and Leasing Company. The same meeting approved the proposal of renaming the bank as &lsquo;Lumbini Bikas Bank&rsquo;.</p>

<p style="text-align: justify;">In the meeting, the bank informed that the merged entity will have paid-up capital of Rs 2.37 billion. The AGM also approved a proposal of issuing 10 percent right shares of the paid-up capital maintained after the merger. Presently, the bank has deposit collection of Rs 15.6 billion and loan extension of Rs 13.56 billion, informed the bank on the occasion. The bank earned Rs 220 million net profit by the third quarter of the current FY. The merged entity will be lead by Sushil Raj Parajuli as Chairman. Moreover, Jhalak Prasad Khanal will be the CEO of the merged entity.</p>

<p style="text-align: justify;"><img alt="" src="/userfiles/images/lumbini%284%29.jpg" style="height:294px; width:650px" /></p>

<p style="text-align: justify;">Meanwhile, the special general meeting of Lumbini Finance and Leasing Company has approved the merger proposal with Vibor Society Development Bank. The SGM was conducted under the chairmanship of Chinta Mani Bhattarai, BOD Chairman of the bank. Moreover, the meeting also endorsed a proposal regarding changing share structure ratio of promoter and general shareholders to 51:49.&nbsp;</p>
',
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			'sortorder' => '5669',
			'image' => '20170512113716_vibior.jpg',
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		'Article' => array(
			'id' => '5883',
			'article_category_id' => '1',
			'title' => 'Growth Rebounded Strongly in FY2017, but Risks Are Mounting: The World Bank',
			'sub_title' => '',
			'summary' => 'May 12: According to the World Bank’s latest Nepal Development Update, economic growth of Nepal has rebounded strongly and has reached 7.5 percent (market prices) in FY2017. This is the highest growth rate since 1994. The growth is a result, in part, of the low growth in the previous year, one of the best monsoons in re',
			'content' => '<p style="text-align:justify">May 12: According to the World Bank&rsquo;s latest Nepal Development Update, economic growth of Nepal has rebounded strongly and has reached 7.5 percent (market prices) in FY2017. This is the highest growth rate since 1994. The growth is a result, in part, of the low growth in the previous year, one of the best monsoons in recent years, increased availability of electricity, and greater investment as the earthquake reconstruction gathered speed, said the bank .&nbsp;</p>

<p style="text-align:justify">According to the Nepal update, this cyclical rebound follows two challenging years where real GDP growth fell to 3.3 percent in FY2015 due to the devastating earthquake and declined even further to a 14-year low of 0.4 percent in FY2016 due to a complete disruption in cross-border trade with India.</p>

<p style="text-align:justify">Rice production in FY2017 is estimated to have hit a record high of 5.2 million tons, up from 4.2 million tons a year ago, says the update. About half a million households, eligible to receive housing reconstruction grants, have received the first of three tranches.&nbsp; Second tranche payments have started and are expected to pick up by the end of FY2017.&nbsp;And a series of management reforms has eliminated power cuts in several major cities across Nepal.&nbsp; Meanwhile, more than 100 megawatts of new hydropower capacity, delayed by the earthquakes and the trade disruptions, have come on-stream.</p>

<p style="text-align:justify">Moreover, transport has revived while wholesale and retail trade has normalized, according to the update. Tourism is also recovering, with arrivals reaching pre-crisis levels during the September-December 2016 tourist season.&nbsp;Inflation has decelerated primarily due to the normalization of imports and moderating inflation in India as a result of demonetization.&nbsp;</p>

<p style="text-align:justify">However, while imports have rebounded, exports remain slow due to sluggish India-bound exports and continued appreciation of the effective exchange rate. As a result, the trade deficit continues to increase. While remittances continue to grow, albeit at a slower pace, external sector pressures are building up.&nbsp;</p>

<p style="text-align:justify">&ldquo;Government revenue and spending have performed well,&rdquo; said&nbsp;Takuya Kamata, the World Bank&rsquo;s Country Manager for Nepal. &ldquo;Revenue has exceeded the six months&rsquo; target and spending, including on capital goods, has also significantly picked up compared to previous years and is on par with revenue.&rdquo; Nonetheless, very ambitious expenditures envisioned in the budget have not materialized, leaving previously accumulated government deposits (10 percent of GDP) intact.</p>

<p style="text-align:justify">Credit grew rapidly over the past year, reaching the highest growth rate since 2012, but deposits growth slowed down. Consequently, banks are running up against prudential limits on lending.&nbsp; Additionally, the government&rsquo;s large cash balances have had the effect of a monetary tightening at a time when banks are trying to increase their capital base to meet the increased regulatory requirements for paid-up capital.</p>

<p style="text-align:justify">Looking ahead, the economic growth will remain strong, but it is expected to moderate in line with country&rsquo;s potential, averaging 5 percent over the next two fiscal years. Inflation will remain below the Central Bank&rsquo;s target of 7.5 percent in FY2017, but will likely pick up in FY2018 as the effects of the demonetization taper off in India.</p>

<p style="text-align:justify">However, there are an increasing number of downside risks to this forecast with domestic risks predominating. &ldquo;Nepal&rsquo;s growth performance could moderate due to the fluid political environment and transitional challenges that can affect capital spending and uninterrupted service delivery; increased vulnerabilities in the financial sector; continued underperformance of exports; and a risk of a sharper slowdown in remittances,&rdquo; notes the Update.</p>

<p style="text-align:justify">&ldquo;With the increases in government spending as a result of new federal structures and earthquake reconstruction, the fiscal balance is expected to be negative in FY2018,&rdquo; says&nbsp;Sudyumna Dahal, World Bank Economist&nbsp;and principal author of the Update. &ldquo;Meanwhile, the current account, which had remained in surplus over the past several years, is expected to narrow and turn into a deficit as import growth is expected persists while growth of exports and remittances is expected to remain sluggish.&rdquo;</p>

<p style="text-align:justify">As in previous years, significant underspending of the budget will continue. Post-earthquake reconstruction in sectors other than housing e.g., cultural heritage, public schools, etc. remains delayed; banks are running up against regulatory limits for lending and may face additional pressure if the deposit mobilization does not improve; and persistent contraction in migrant departures present a possible sharper slowdown in remittances.</p>

<p style="text-align:justify">&nbsp;</p>
',
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			'keywords' => '',
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			'sortorder' => '5668',
			'image' => '20170512104957_WORLD BANK.jpg',
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	(int) 8 => array(
		'Article' => array(
			'id' => '5882',
			'article_category_id' => '1',
			'title' => 'HTC Launches 3 Smartphones in Nepal',
			'sub_title' => '',
			'summary' => 'May 11: General Next Communication, the authorized distributor of HTC smartphone for Nepal has launched three new models of smartphone in the Nepali market. The company launched HTC U Play, HTC One X9 and HTC Desire 825. The HTC U Play has been priced Rs 59,999. Similarly, HTC One X9 and HTC Desire 825 ha',
			'content' => '<p style="text-align: justify;">May 11: General Next Communication, the authorized distributor of HTC smartphone for Nepal has launched three new models of smartphone in the Nepali market. The company launched HTC U Play, HTC One X9 and HTC Desire 825. The HTC U Play has been priced Rs 59,999. Similarly, HTC One X9 and HTC Desire 825 have been priced Rs 28,600 and Rs 18,900 respectively in the domestic market. The U Play is available in blue color while One X9 is available in gold and gray color. Likewise, HTC Desire 825 is available in gray and white colors, said Next Communication.</p>

<p style="text-align: justify;">The main feature of HTC U Series is its liquid surface. The phone comes with 5.2 inch full HD super LCD display protected by gorilla glass. The HTC U Play is packed with 2 gigahertz 64 bit Octa-core Mediatek Helio P90 processor.</p>

<p style="text-align: justify;">Similarly, the HTC One X9 comes with 5.5 inch full HD super LED display which can be easily operated in sunlight. The dual HTC boom sound speaker of the phones takes the video and game to the different level, the company claims.</p>

<p style="text-align: justify;">Likewise, the HTC Desire 825 comes with Snapdragon 400 processor. The phone is packed with 2 GB RAM and 16 GB internal storage.&nbsp;</p>
',
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			'created' => '2017-05-11',
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			'sortorder' => '5667',
			'image' => '20170511041747_htc.jpg',
			'article_date' => '2017-05-11 00:00:00',
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		'Article' => array(
			'id' => '5881',
			'article_category_id' => '1',
			'title' => 'Kabeli to Distribute 20% Bonus Share',
			'sub_title' => '',
			'summary' => 'May 11: Kabeli Bikas Bank, headquartered at Dhankuta, is distributing 20 percent bonus share. The 9th annual general meeting of the bank approved a proposal regarding the bonus share on May 10.',
			'content' => '<p style="text-align: justify;">May 11: Kabeli Bikas Bank, headquartered at Dhankuta, is distributing 20 percent bonus share. The 9<sup>th</sup> annual general meeting of the bank approved a proposal regarding the bonus share on May 10.</p>

<p style="text-align: justify;">In the AGM, the bank informed of collecting Rs 589.2 million deposit and extending loan of Rs 695.4 million. &ldquo;The meeting proposed to maintain the capital structure ratio of promoter and general shareholder to 51:49,&rdquo; said Gopal Prasad Kafle, Chairman of the bank.</p>

<p style="text-align: justify;">&ldquo;Moreover, the AGM elected Gopal Prasad Kafle, Janardan Ghimire, Hem Raj Subedi and Laxmi Nath Ghimire as directors,&rdquo; said Mohan Dhungel, Information Officer of the bank.</p>
',
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			'sortorder' => '5666',
			'image' => '20170511032020_kabeli.jpg',
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	(int) 10 => array(
		'Article' => array(
			'id' => '5880',
			'article_category_id' => '1',
			'title' => 'Dealers of Smart Appliance in China Visit',
			'sub_title' => '',
			'summary' => 'May 11: Smart Appliance, the authorized distributor of Skyworth Electronics and Home Appliance has sent its dealers to China Visit. The duration of the China visit will be May 9-13, said the company in a press statement. The dealers will also visit television manufacturing unit of Skyworth in China, reads the statement.',
			'content' => '<p style="text-align: justify;">May 11: Smart Appliance, the authorized distributor of Skyworth Electronics and Home Appliance has sent its dealers to China Visit. The duration of the China visit will be May 9-13, said the company in a press statement. The dealers will also visit television manufacturing unit of Skyworth in China, reads the statement.</p>
',
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			'sortorder' => '5665',
			'image' => '20170511112442_skyworth.jpg',
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			'id' => '5879',
			'article_category_id' => '1',
			'title' => 'New Syska LED Showroom in Putalisadak',
			'sub_title' => '',
			'summary' => 'May 11: Indian lighting company Syska LED has opened its new showroom. The company opened the showroom in Putalisadak, Kathmandu as per its strategy of expanding market to international market. The company claims that the newly opened showroom is the biggest among its other showrooms in Kathmandu. The showroom whi',
			'content' => '<p style="text-align: justify;">May 11: Indian lighting company Syska LED has opened its new showroom. The company opened the showroom in Putalisadak, Kathmandu as per its strategy of expanding market to international market. The company claims that the newly opened showroom is the biggest among its other showrooms in Kathmandu. The showroom which is expanded in 2,500 square foot offers all types of lightings including residential, commercial, outdoor and industrial.&nbsp;</p>
',
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			'created' => '2017-05-11',
			'modified' => '2017-05-11',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5664',
			'image' => '20170511111802_syska.jpg',
			'article_date' => '2017-05-11 00:00:00',
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	(int) 12 => array(
		'Article' => array(
			'id' => '5878',
			'article_category_id' => '1',
			'title' => 'Renault Unveils New Vehicle Kwid in Nepali Market',
			'sub_title' => '',
			'summary' => 'May 11: An international multi-brand group, Renault has launched Kwid hatchback with new powerful 1.0L smart control efficiency (Sce) engine - ‘Live for More Edition’ amid a programme in Kathmandu. Issuing a press statement, the company said that Renault is offering the vehicle in two different variants.',
			'content' => '<p style="text-align: justify;">May 11: An international multi-brand group, Renault has launched Kwid hatchback with new powerful 1.0L smart control efficiency (Sce) engine - &lsquo;Live for More Edition&rsquo; amid a programme in Kathmandu. Issuing a press statement, the company said that Renault is offering the vehicle in two different variants.</p>

<p style="text-align: justify;">According to the statement, the SUV inspired design Kwid 1.0L Sce engine is optimally designed for better performance. &ldquo;The newly launched Kwid also features seven inch screen media Nav system, digital instrument cluster, one touch indicator,&rdquo; reads the statement. For the safety, the vehicle is packed with pro-sense seat belt, radio speed dependent volume control and pretensioners with load limiters. Similarly, Kwid comes with boot capacity of 300 liters, ergo-smart cabin, multiple storage spaces. &ldquo;Kwid 1.0L Sce also features new speed-sport designer graphics on the doors and two-tone gloss grey ORVms, enhancing its style quotient.&rdquo;</p>

<p style="text-align: justify;">As per the company, Kwid is attractive, innovative and affordable. The newly launched Kwid is available with the starting price of Rs 209,8000.</p>
',
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			'created' => '2017-05-11',
			'modified' => '2017-05-11',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5663',
			'image' => '20170511103215_Renault.jpg',
			'article_date' => '2017-05-11 00:00:00',
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		'Article' => array(
			'id' => '5877',
			'article_category_id' => '1',
			'title' => 'Unnati Project to Invest for Agriculture in Eastern Hilly Districts',
			'sub_title' => '',
			'summary' => 'May 11: The Unnati Project is to invest USD 1.8 million in seven hilly districts of Eastern Nepal for increasing agricultural output through different ten banks and financial institutions.',
			'content' => '<p style="text-align: justify;">May 11: The Unnati Project is to invest USD 1.8 million in seven hilly districts of Eastern Nepal for increasing agricultural output through different ten banks and financial institutions.</p>

<p style="text-align: justify;">The Unnati Project and associated banks and financial institutions signed an agreement to this effect amid a programme on May 8.</p>

<p style="text-align: justify;">Ilam, Panchthar, Taplejung, Dhankuta, Terathum, Bhojpur and Sankhuwasabha are the selected districts for the programme.</p>

<p style="text-align: justify;">Unnati project associated banks and financial institutions such as Laxmi Bank, Prabhu Bank, Siddhartha Bank, Everest Bank, IME, Chhimeki Micro Finance, Sahara Cooperatives, Jiwan Bikash Financial Institution, NMB Micro Finance and Forward Micro Finance will be providing financial services in these districts.</p>

<p style="text-align: justify;">The Unnati Project will provide the amount to the selected banks and financial institutions. The Danish government has provided the financial assistance and the technical help will be provided by UN Capital Development Fund (UNCDF) for the programme launched to develop entrepreneurship and to encourage small farmers.</p>

<p style="text-align: justify;">According to the agreement, the banks and financial institutions will be focused to become inclusive and encourage small farmers and women&rsquo;s entrepreneurship.</p>

<p style="text-align: justify;">Chandrakanta Sharma Paudel, Expert of Unnati Project informed that separate contracts will be signed with the banks for the programme.</p>

<p style="text-align: justify;">The agreement has provision that 40 to 60 percent of investment should be made by the bank and financial institution itself besides the fund they are provided.</p>
',
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			'created' => '2017-05-11',
			'modified' => '2017-05-11',
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			'description' => '',
			'sortorder' => '5662',
			'image' => '20170511102130_unnati.jpg',
			'article_date' => '2017-05-11 00:00:00',
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		'Article' => array(
			'id' => '5876',
			'article_category_id' => '1',
			'title' => 'Nepal Management Symposium 2017 kicks off',
			'sub_title' => '',
			'summary' => 'May 9: Nepal Management Symposium 2017, a two days event organised by Kathmandu College of Management has kicked off from May 9. The first session of the programme observed the participation of aspiring entrepreneurs, business students from various colleges, bankers and professionals from the business arena. Sponsored by Vishwakarma Cement, the symposium is organised with an objective to provide a platform to the professionals and students to share their insights and also',
			'content' => '<p style="text-align: justify;">May 9: Nepal Management Symposium 2017, a two days event organised by Kathmandu College of Management has kicked off from May 9. The first session of the programme observed the participation of aspiring entrepreneurs, business students from various colleges, bankers and professionals from the business arena. Sponsored by Vishwakarma Cement, the symposium is organised with an objective to provide a platform to the professionals and students to share their insights and also interact on current issues related to financial economics, entrepreneurship, leadership and management and marketing and branding.</p>

<p style="text-align: justify;">In the program, Nabindra Raj Joshi, Industry Minister and Chief Guest of the programme said that the country aims to retain its citizen within the next 10 years. &quot;The government needs help from private sector as well the educational institutions to achieve the goal. The shortcoming with the citizens of the country is that we lack dedication to successfully overcome the challenges on the way. If we work seriously in our respective areas creating our own theories and formulas for success, definitely the country will reach its goal on the stipulated time,&quot; said Joshi.&nbsp;&nbsp; He also shared that the government should facilitate the entrepreneurs to give them confidence to run their business smoothly. Similarly, Ajit &nbsp;Ranade, Senior President and Chief Economist of Aditya Birla Group and the Guest of Honor for the programme addressed to the student that being in a position of advantage; they must aim to become a job creator in Nepal. &quot;Moreover, in the world where half of our life is spent on the digital world, we should never think that we are confined to our country. Each and every day we have to compete for the global world, thus, we have to proceed with a global mindset,&quot; he added. Besides this, he also explained the necessity of being socially responsible in the businesses.</p>

<p style="text-align: justify;">The event is divided into four sessions which includes discussion and interaction on the aspects including liquidity crunch and its realties, rise of a cashless economy, Future of digital marketing in Nepal, expediting startup voyage and transforming leadership. Aspiring&nbsp; entrepreneurs and bankers including Anil Keshari Shah, President of Nepal Banker&#39;s Association, Sanjay Shah, Co-Founder of Finnccess, Harshwardhan Shahani, CEO and Founder of V-Chitra and Ashish Adhikari, Founder of Red Mud Coffee are among&nbsp; the few speakers in the event.&nbsp;</p>
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Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity &quot;&quot; [APP/View/Elements/side_bar.ctp, line 60]
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		'Article' => array(
			'id' => '5890',
			'article_category_id' => '1',
			'title' => '2 Companies Submit Proposal to Lay Optical Fiber in Province 6 & 7',
			'sub_title' => '',
			'summary' => 'May 15: Two companies have proposed to lay optical fiber in province no six and seven under mid-hill highway. The two companies submitted quotation on the call of proposal by Nepal Telecommunication Authority (NEA) for the second time.',
			'content' => '<p style="text-align: justify;">May 15: Two companies have proposed to lay optical fiber in province no six and seven under mid-hill highway. The two companies submitted quotation on the call of proposal by Nepal Telecommunication Authority (NEA) for the second time.</p>

<p style="text-align: justify;">The first call was terminated by NEA citing unfulfillment of standard by the companies. The second call of proposal had a deadline till May 12. &ldquo;During the period, Smart and WorldLink submitted quotation of laying optical fiber in Rs 3.94 billion and Rs 3.34 billion respectively,&rdquo; said Achyutananda Mishra, Assistant Spokesperson of NEA.</p>

<p style="text-align: justify;">NEA gave cap of Rs 3.70 billion to the companies for the submission of the quotation. The company which quoted the lowest price and have the technical expertise will obtain the project.</p>
',
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			'created' => '2017-05-15',
			'modified' => '2017-05-15',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5675',
			'image' => '20170515011750_optical.jpg',
			'article_date' => '2017-05-15 00:00:00',
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			'id' => '5889',
			'article_category_id' => '1',
			'title' => 'Double Digit Economic Growth is Near: Governor Nepal',
			'sub_title' => '',
			'summary' => 'May 15: Dr Chiranjibi Nepal, Governor of Nepal Rastra Bank (NRB) has said that achievement of double digit economic growth is near. Dr Nepal uttered the statement in an inauguration program organized by Rotary Club, Hetauda to mark its silver jubilee. He said “The economic growth of the country grew to 7 percent due to regular power supply supported by unconstrained industrial production. If only we could insert little hard work, the economy will be able to achieve double digit growth.”',
			'content' => '<p style="text-align: justify;">May 15: Dr Chiranjibi Nepal, Governor of Nepal Rastra Bank (NRB) has said that achievement of double digit economic growth is near. Dr Nepal uttered the statement in an inauguration program organized by Rotary Club, Hetauda to mark its silver jubilee. He said &ldquo;The economic growth of the country grew to 7 percent due to regular power supply supported by unconstrained industrial production. If only we could insert little hard work, the economy will be able to achieve double digit growth.&rdquo;</p>

<p style="text-align: justify;">&ldquo;In order to achieve the economic growth, modification in the traditional societal norms should be encouraged and the immense opportunities within the country should be exploited,&rdquo; he added. &ldquo;Even in a backdrop of 57 percent labour force between 18-60 years of age being out of country, Nepal has been able to achieve 7 percent economic growth. In order to achieve the double digit economic growth, youths should be encouraged to start their own businesses by taking finances from banks and financial institutions (BFIs),&rdquo; Nepal voiced.</p>

<p style="text-align: justify;">Moreover, Governor Nepal said that the government still holds balance of Rs 500 million allocated for agricultural entrepreneurs in order to provide subsidy on interest rate. He further said that only 42 percent of Nepalis youth are engaged in entrepreneurships by taking loans with BFIs and 58 percent youths are still in banking inaccessibility. &nbsp;</p>

<p style="text-align: justify;">&nbsp;</p>
',
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			'created' => '2017-05-15',
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			'description' => '',
			'sortorder' => '5674',
			'image' => '20170515114130_governor.jpg',
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			'id' => '5888',
			'article_category_id' => '1',
			'title' => 'Kabeli Bikas Bank and Mount Makalu Devt Bank to Merge',
			'sub_title' => '',
			'summary' => 'May 15: Kabeli Bikas Bank, headquartered at Dhankuta and Mount Makalu Development Bank, headquartered at Tehrathum are set to merge with each other. A memorandum of understanding regarding the matter was signed by Gopal Prasad Kafle, Chairman of Kabeli Bikas Bank and Hari Krishna Niraula, Chairman of Makalu Bank.',
			'content' => '<p style="text-align: justify;">May 15: Kabeli Bikas Bank, headquartered at Dhankuta and Mount Makalu Development Bank, headquartered at Tehrathum are set to merge with each other. A memorandum of understanding regarding the matter was signed by Gopal Prasad Kafle, Chairman of Kabeli Bikas Bank and Hari Krishna Niraula, Chairman of Makalu Bank.</p>

<p style="text-align: justify;">The banks merged with each other in order to meet the minimum paid-up capital requirement of Rs 500 million as per the directive of Nepal Rastra Bank by the end of the current FY. According to the agreement, the merged entity to be known as Kabeli Bikas Bank will be headquartered in Dhankuta and will be lead by the chairman of the current Kabeli Bikas Bank.&nbsp;</p>
',
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			'created' => '2017-05-15',
			'modified' => '2017-05-15',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5673',
			'image' => '20170515103809_kabeli.jpg',
			'article_date' => '2017-05-15 00:00:00',
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			'id' => '5887',
			'article_category_id' => '1',
			'title' => 'Oppo R9S Became Most Popular Handset',
			'sub_title' => '',
			'summary' => 'May 12: Oppo R9S has become the most selling smartphone in first quarter of 2017 as per the report of Research from Strategy Analytics. According to the report, 8.9 million units of Oppo R9S have been sold in the review period.',
			'content' => '<p style="text-align: justify;">May 12: Oppo R9S has become the most selling smartphone in first quarter of 2017 as per the report of Research from Strategy Analytics. According to the report, 8.9 million units of Oppo R9S have been sold in the review period.</p>

<p style="text-align: justify;">Meanwhile, &nbsp;Apple&rsquo;s iPhone 7 was the most sold smartphone in the previous quarter with 201.5 million units in the global market as per the report. Similarly, the second spot was claimed by iPhone 7 plus with selling 107.4 million units. Likewise, Oppo R9S grabbed third spot in the review period whereas Samsung&rsquo;s mid-range handset Galaxy J3 and Galaxy J5 had 3.1 million unit and 5 million units sold respectively.&nbsp;</p>
',
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			'created' => '2017-05-12',
			'modified' => '2017-05-12',
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			'description' => '',
			'sortorder' => '5672',
			'image' => '20170512011154_oppo.jpg',
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			'id' => '5886',
			'article_category_id' => '1',
			'title' => 'NMB to Issue FPO through Citizens Investment Trust',
			'sub_title' => '',
			'summary' => 'May 12: Citizens Investment Trust and NMB Bank have finalized an agreement regarding further public offering. The bank appointed CIT as its issue manager to manage the 14,415,163 units of FPO.',
			'content' => '<p style="text-align: justify;">May 12: Citizens Investment Trust and NMB Bank have finalized an agreement regarding further public offering. The bank appointed CIT as its issue manager to manage the 14,415,163 units of FPO.</p>

<p style="text-align: justify;">Ram Krishna Pokharel, executive director of CIT and Sunil KC, CEO of NMB Bank signed the agreement amid a program on May 11. According to the agreement, the FPO will be issued with a face value of Rs 100 at premium.&nbsp;</p>
',
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			'created' => '2017-05-12',
			'modified' => '2017-05-12',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5671',
			'image' => '20170512124514_nmb.jpg',
			'article_date' => '2017-05-12 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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		'Article' => array(
			'id' => '5885',
			'article_category_id' => '1',
			'title' => 'Sunrise Bank Supports Students ',
			'sub_title' => '',
			'summary' => 'May 12: Sunrise Bank is supporting five students of Masters in Business Studies (MBS) and Master in Business Administration (MBA) level for their thesis preparation.  The bank is providing the supporting to the students of Tribhuwan University (TU).',
			'content' => '<p style="text-align:justify">May 12: Sunrise Bank is supporting five students of Masters in Business Studies (MBS) and Master in Business Administration (MBA) level for their thesis preparation. &nbsp;The bank is providing the supporting to the students of Tribhuwan University (TU).</p>

<p style="text-align:justify">The bank and the administration department of TU signed a memorandum of understanding regarding the matter on May 11. Ratna Raj Bajracharya, CEO of the bank and Prof Dr Bhoj Raj Aryal, Chief of TU administration department signed the agreement paper amid a program. Under the agreement, the bank will provided financial support to five thesis doers of TU.</p>
',
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			'created' => '2017-05-12',
			'modified' => '2017-05-15',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5670',
			'image' => '20170512122606_SUNRISE.jpg',
			'article_date' => '2017-05-12 00:00:00',
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		'Article' => array(
			'id' => '5884',
			'article_category_id' => '1',
			'title' => 'Vibor Society Devt Bank to Rename as Lumbini Bikas Bank',
			'sub_title' => '',
			'summary' => 'May 12: Vibor Society Development Bank is set to rename as Lumbini Bikas Bank. The 9th annual general meeting (AGM) of the bank approved a proposal regarding merger of the bank with Lumbini Finance and Leasing Company. The same meeting approved the proposal of renaming the bank as ‘Lumbini Bikas Bank’.',
			'content' => '<p style="text-align: justify;">May 12: Vibor Society Development Bank is set to rename as Lumbini Bikas Bank. The 9<sup>th</sup> annual general meeting (AGM) of the bank approved a proposal regarding merger of the bank with Lumbini Finance and Leasing Company. The same meeting approved the proposal of renaming the bank as &lsquo;Lumbini Bikas Bank&rsquo;.</p>

<p style="text-align: justify;">In the meeting, the bank informed that the merged entity will have paid-up capital of Rs 2.37 billion. The AGM also approved a proposal of issuing 10 percent right shares of the paid-up capital maintained after the merger. Presently, the bank has deposit collection of Rs 15.6 billion and loan extension of Rs 13.56 billion, informed the bank on the occasion. The bank earned Rs 220 million net profit by the third quarter of the current FY. The merged entity will be lead by Sushil Raj Parajuli as Chairman. Moreover, Jhalak Prasad Khanal will be the CEO of the merged entity.</p>

<p style="text-align: justify;"><img alt="" src="/userfiles/images/lumbini%284%29.jpg" style="height:294px; width:650px" /></p>

<p style="text-align: justify;">Meanwhile, the special general meeting of Lumbini Finance and Leasing Company has approved the merger proposal with Vibor Society Development Bank. The SGM was conducted under the chairmanship of Chinta Mani Bhattarai, BOD Chairman of the bank. Moreover, the meeting also endorsed a proposal regarding changing share structure ratio of promoter and general shareholders to 51:49.&nbsp;</p>
',
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			'modified' => '2017-05-12',
			'keywords' => '',
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			'sortorder' => '5669',
			'image' => '20170512113716_vibior.jpg',
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			'id' => '5883',
			'article_category_id' => '1',
			'title' => 'Growth Rebounded Strongly in FY2017, but Risks Are Mounting: The World Bank',
			'sub_title' => '',
			'summary' => 'May 12: According to the World Bank’s latest Nepal Development Update, economic growth of Nepal has rebounded strongly and has reached 7.5 percent (market prices) in FY2017. This is the highest growth rate since 1994. The growth is a result, in part, of the low growth in the previous year, one of the best monsoons in re',
			'content' => '<p style="text-align:justify">May 12: According to the World Bank&rsquo;s latest Nepal Development Update, economic growth of Nepal has rebounded strongly and has reached 7.5 percent (market prices) in FY2017. This is the highest growth rate since 1994. The growth is a result, in part, of the low growth in the previous year, one of the best monsoons in recent years, increased availability of electricity, and greater investment as the earthquake reconstruction gathered speed, said the bank .&nbsp;</p>

<p style="text-align:justify">According to the Nepal update, this cyclical rebound follows two challenging years where real GDP growth fell to 3.3 percent in FY2015 due to the devastating earthquake and declined even further to a 14-year low of 0.4 percent in FY2016 due to a complete disruption in cross-border trade with India.</p>

<p style="text-align:justify">Rice production in FY2017 is estimated to have hit a record high of 5.2 million tons, up from 4.2 million tons a year ago, says the update. About half a million households, eligible to receive housing reconstruction grants, have received the first of three tranches.&nbsp; Second tranche payments have started and are expected to pick up by the end of FY2017.&nbsp;And a series of management reforms has eliminated power cuts in several major cities across Nepal.&nbsp; Meanwhile, more than 100 megawatts of new hydropower capacity, delayed by the earthquakes and the trade disruptions, have come on-stream.</p>

<p style="text-align:justify">Moreover, transport has revived while wholesale and retail trade has normalized, according to the update. Tourism is also recovering, with arrivals reaching pre-crisis levels during the September-December 2016 tourist season.&nbsp;Inflation has decelerated primarily due to the normalization of imports and moderating inflation in India as a result of demonetization.&nbsp;</p>

<p style="text-align:justify">However, while imports have rebounded, exports remain slow due to sluggish India-bound exports and continued appreciation of the effective exchange rate. As a result, the trade deficit continues to increase. While remittances continue to grow, albeit at a slower pace, external sector pressures are building up.&nbsp;</p>

<p style="text-align:justify">&ldquo;Government revenue and spending have performed well,&rdquo; said&nbsp;Takuya Kamata, the World Bank&rsquo;s Country Manager for Nepal. &ldquo;Revenue has exceeded the six months&rsquo; target and spending, including on capital goods, has also significantly picked up compared to previous years and is on par with revenue.&rdquo; Nonetheless, very ambitious expenditures envisioned in the budget have not materialized, leaving previously accumulated government deposits (10 percent of GDP) intact.</p>

<p style="text-align:justify">Credit grew rapidly over the past year, reaching the highest growth rate since 2012, but deposits growth slowed down. Consequently, banks are running up against prudential limits on lending.&nbsp; Additionally, the government&rsquo;s large cash balances have had the effect of a monetary tightening at a time when banks are trying to increase their capital base to meet the increased regulatory requirements for paid-up capital.</p>

<p style="text-align:justify">Looking ahead, the economic growth will remain strong, but it is expected to moderate in line with country&rsquo;s potential, averaging 5 percent over the next two fiscal years. Inflation will remain below the Central Bank&rsquo;s target of 7.5 percent in FY2017, but will likely pick up in FY2018 as the effects of the demonetization taper off in India.</p>

<p style="text-align:justify">However, there are an increasing number of downside risks to this forecast with domestic risks predominating. &ldquo;Nepal&rsquo;s growth performance could moderate due to the fluid political environment and transitional challenges that can affect capital spending and uninterrupted service delivery; increased vulnerabilities in the financial sector; continued underperformance of exports; and a risk of a sharper slowdown in remittances,&rdquo; notes the Update.</p>

<p style="text-align:justify">&ldquo;With the increases in government spending as a result of new federal structures and earthquake reconstruction, the fiscal balance is expected to be negative in FY2018,&rdquo; says&nbsp;Sudyumna Dahal, World Bank Economist&nbsp;and principal author of the Update. &ldquo;Meanwhile, the current account, which had remained in surplus over the past several years, is expected to narrow and turn into a deficit as import growth is expected persists while growth of exports and remittances is expected to remain sluggish.&rdquo;</p>

<p style="text-align:justify">As in previous years, significant underspending of the budget will continue. Post-earthquake reconstruction in sectors other than housing e.g., cultural heritage, public schools, etc. remains delayed; banks are running up against regulatory limits for lending and may face additional pressure if the deposit mobilization does not improve; and persistent contraction in migrant departures present a possible sharper slowdown in remittances.</p>

<p style="text-align:justify">&nbsp;</p>
',
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			'created' => '2017-05-12',
			'modified' => '2017-05-12',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5668',
			'image' => '20170512104957_WORLD BANK.jpg',
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	(int) 8 => array(
		'Article' => array(
			'id' => '5882',
			'article_category_id' => '1',
			'title' => 'HTC Launches 3 Smartphones in Nepal',
			'sub_title' => '',
			'summary' => 'May 11: General Next Communication, the authorized distributor of HTC smartphone for Nepal has launched three new models of smartphone in the Nepali market. The company launched HTC U Play, HTC One X9 and HTC Desire 825. The HTC U Play has been priced Rs 59,999. Similarly, HTC One X9 and HTC Desire 825 ha',
			'content' => '<p style="text-align: justify;">May 11: General Next Communication, the authorized distributor of HTC smartphone for Nepal has launched three new models of smartphone in the Nepali market. The company launched HTC U Play, HTC One X9 and HTC Desire 825. The HTC U Play has been priced Rs 59,999. Similarly, HTC One X9 and HTC Desire 825 have been priced Rs 28,600 and Rs 18,900 respectively in the domestic market. The U Play is available in blue color while One X9 is available in gold and gray color. Likewise, HTC Desire 825 is available in gray and white colors, said Next Communication.</p>

<p style="text-align: justify;">The main feature of HTC U Series is its liquid surface. The phone comes with 5.2 inch full HD super LCD display protected by gorilla glass. The HTC U Play is packed with 2 gigahertz 64 bit Octa-core Mediatek Helio P90 processor.</p>

<p style="text-align: justify;">Similarly, the HTC One X9 comes with 5.5 inch full HD super LED display which can be easily operated in sunlight. The dual HTC boom sound speaker of the phones takes the video and game to the different level, the company claims.</p>

<p style="text-align: justify;">Likewise, the HTC Desire 825 comes with Snapdragon 400 processor. The phone is packed with 2 GB RAM and 16 GB internal storage.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-05-11',
			'modified' => '2017-05-11',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5667',
			'image' => '20170511041747_htc.jpg',
			'article_date' => '2017-05-11 00:00:00',
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	(int) 9 => array(
		'Article' => array(
			'id' => '5881',
			'article_category_id' => '1',
			'title' => 'Kabeli to Distribute 20% Bonus Share',
			'sub_title' => '',
			'summary' => 'May 11: Kabeli Bikas Bank, headquartered at Dhankuta, is distributing 20 percent bonus share. The 9th annual general meeting of the bank approved a proposal regarding the bonus share on May 10.',
			'content' => '<p style="text-align: justify;">May 11: Kabeli Bikas Bank, headquartered at Dhankuta, is distributing 20 percent bonus share. The 9<sup>th</sup> annual general meeting of the bank approved a proposal regarding the bonus share on May 10.</p>

<p style="text-align: justify;">In the AGM, the bank informed of collecting Rs 589.2 million deposit and extending loan of Rs 695.4 million. &ldquo;The meeting proposed to maintain the capital structure ratio of promoter and general shareholder to 51:49,&rdquo; said Gopal Prasad Kafle, Chairman of the bank.</p>

<p style="text-align: justify;">&ldquo;Moreover, the AGM elected Gopal Prasad Kafle, Janardan Ghimire, Hem Raj Subedi and Laxmi Nath Ghimire as directors,&rdquo; said Mohan Dhungel, Information Officer of the bank.</p>
',
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			'created' => '2017-05-11',
			'modified' => '2017-05-11',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5666',
			'image' => '20170511032020_kabeli.jpg',
			'article_date' => '2017-05-11 00:00:00',
			'homepage' => false,
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	(int) 10 => array(
		'Article' => array(
			'id' => '5880',
			'article_category_id' => '1',
			'title' => 'Dealers of Smart Appliance in China Visit',
			'sub_title' => '',
			'summary' => 'May 11: Smart Appliance, the authorized distributor of Skyworth Electronics and Home Appliance has sent its dealers to China Visit. The duration of the China visit will be May 9-13, said the company in a press statement. The dealers will also visit television manufacturing unit of Skyworth in China, reads the statement.',
			'content' => '<p style="text-align: justify;">May 11: Smart Appliance, the authorized distributor of Skyworth Electronics and Home Appliance has sent its dealers to China Visit. The duration of the China visit will be May 9-13, said the company in a press statement. The dealers will also visit television manufacturing unit of Skyworth in China, reads the statement.</p>
',
			'published' => true,
			'created' => '2017-05-11',
			'modified' => '2017-05-11',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5665',
			'image' => '20170511112442_skyworth.jpg',
			'article_date' => '2017-05-11 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	(int) 11 => array(
		'Article' => array(
			'id' => '5879',
			'article_category_id' => '1',
			'title' => 'New Syska LED Showroom in Putalisadak',
			'sub_title' => '',
			'summary' => 'May 11: Indian lighting company Syska LED has opened its new showroom. The company opened the showroom in Putalisadak, Kathmandu as per its strategy of expanding market to international market. The company claims that the newly opened showroom is the biggest among its other showrooms in Kathmandu. The showroom whi',
			'content' => '<p style="text-align: justify;">May 11: Indian lighting company Syska LED has opened its new showroom. The company opened the showroom in Putalisadak, Kathmandu as per its strategy of expanding market to international market. The company claims that the newly opened showroom is the biggest among its other showrooms in Kathmandu. The showroom which is expanded in 2,500 square foot offers all types of lightings including residential, commercial, outdoor and industrial.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-05-11',
			'modified' => '2017-05-11',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5664',
			'image' => '20170511111802_syska.jpg',
			'article_date' => '2017-05-11 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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			'in_scroller' => false,
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	(int) 12 => array(
		'Article' => array(
			'id' => '5878',
			'article_category_id' => '1',
			'title' => 'Renault Unveils New Vehicle Kwid in Nepali Market',
			'sub_title' => '',
			'summary' => 'May 11: An international multi-brand group, Renault has launched Kwid hatchback with new powerful 1.0L smart control efficiency (Sce) engine - ‘Live for More Edition’ amid a programme in Kathmandu. Issuing a press statement, the company said that Renault is offering the vehicle in two different variants.',
			'content' => '<p style="text-align: justify;">May 11: An international multi-brand group, Renault has launched Kwid hatchback with new powerful 1.0L smart control efficiency (Sce) engine - &lsquo;Live for More Edition&rsquo; amid a programme in Kathmandu. Issuing a press statement, the company said that Renault is offering the vehicle in two different variants.</p>

<p style="text-align: justify;">According to the statement, the SUV inspired design Kwid 1.0L Sce engine is optimally designed for better performance. &ldquo;The newly launched Kwid also features seven inch screen media Nav system, digital instrument cluster, one touch indicator,&rdquo; reads the statement. For the safety, the vehicle is packed with pro-sense seat belt, radio speed dependent volume control and pretensioners with load limiters. Similarly, Kwid comes with boot capacity of 300 liters, ergo-smart cabin, multiple storage spaces. &ldquo;Kwid 1.0L Sce also features new speed-sport designer graphics on the doors and two-tone gloss grey ORVms, enhancing its style quotient.&rdquo;</p>

<p style="text-align: justify;">As per the company, Kwid is attractive, innovative and affordable. The newly launched Kwid is available with the starting price of Rs 209,8000.</p>
',
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			'created' => '2017-05-11',
			'modified' => '2017-05-11',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5663',
			'image' => '20170511103215_Renault.jpg',
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		'Article' => array(
			'id' => '5877',
			'article_category_id' => '1',
			'title' => 'Unnati Project to Invest for Agriculture in Eastern Hilly Districts',
			'sub_title' => '',
			'summary' => 'May 11: The Unnati Project is to invest USD 1.8 million in seven hilly districts of Eastern Nepal for increasing agricultural output through different ten banks and financial institutions.',
			'content' => '<p style="text-align: justify;">May 11: The Unnati Project is to invest USD 1.8 million in seven hilly districts of Eastern Nepal for increasing agricultural output through different ten banks and financial institutions.</p>

<p style="text-align: justify;">The Unnati Project and associated banks and financial institutions signed an agreement to this effect amid a programme on May 8.</p>

<p style="text-align: justify;">Ilam, Panchthar, Taplejung, Dhankuta, Terathum, Bhojpur and Sankhuwasabha are the selected districts for the programme.</p>

<p style="text-align: justify;">Unnati project associated banks and financial institutions such as Laxmi Bank, Prabhu Bank, Siddhartha Bank, Everest Bank, IME, Chhimeki Micro Finance, Sahara Cooperatives, Jiwan Bikash Financial Institution, NMB Micro Finance and Forward Micro Finance will be providing financial services in these districts.</p>

<p style="text-align: justify;">The Unnati Project will provide the amount to the selected banks and financial institutions. The Danish government has provided the financial assistance and the technical help will be provided by UN Capital Development Fund (UNCDF) for the programme launched to develop entrepreneurship and to encourage small farmers.</p>

<p style="text-align: justify;">According to the agreement, the banks and financial institutions will be focused to become inclusive and encourage small farmers and women&rsquo;s entrepreneurship.</p>

<p style="text-align: justify;">Chandrakanta Sharma Paudel, Expert of Unnati Project informed that separate contracts will be signed with the banks for the programme.</p>

<p style="text-align: justify;">The agreement has provision that 40 to 60 percent of investment should be made by the bank and financial institution itself besides the fund they are provided.</p>
',
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			'created' => '2017-05-11',
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			'description' => '',
			'sortorder' => '5662',
			'image' => '20170511102130_unnati.jpg',
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	(int) 14 => array(
		'Article' => array(
			'id' => '5876',
			'article_category_id' => '1',
			'title' => 'Nepal Management Symposium 2017 kicks off',
			'sub_title' => '',
			'summary' => 'May 9: Nepal Management Symposium 2017, a two days event organised by Kathmandu College of Management has kicked off from May 9. The first session of the programme observed the participation of aspiring entrepreneurs, business students from various colleges, bankers and professionals from the business arena. Sponsored by Vishwakarma Cement, the symposium is organised with an objective to provide a platform to the professionals and students to share their insights and also',
			'content' => '<p style="text-align: justify;">May 9: Nepal Management Symposium 2017, a two days event organised by Kathmandu College of Management has kicked off from May 9. The first session of the programme observed the participation of aspiring entrepreneurs, business students from various colleges, bankers and professionals from the business arena. Sponsored by Vishwakarma Cement, the symposium is organised with an objective to provide a platform to the professionals and students to share their insights and also interact on current issues related to financial economics, entrepreneurship, leadership and management and marketing and branding.</p>

<p style="text-align: justify;">In the program, Nabindra Raj Joshi, Industry Minister and Chief Guest of the programme said that the country aims to retain its citizen within the next 10 years. &quot;The government needs help from private sector as well the educational institutions to achieve the goal. The shortcoming with the citizens of the country is that we lack dedication to successfully overcome the challenges on the way. If we work seriously in our respective areas creating our own theories and formulas for success, definitely the country will reach its goal on the stipulated time,&quot; said Joshi.&nbsp;&nbsp; He also shared that the government should facilitate the entrepreneurs to give them confidence to run their business smoothly. Similarly, Ajit &nbsp;Ranade, Senior President and Chief Economist of Aditya Birla Group and the Guest of Honor for the programme addressed to the student that being in a position of advantage; they must aim to become a job creator in Nepal. &quot;Moreover, in the world where half of our life is spent on the digital world, we should never think that we are confined to our country. Each and every day we have to compete for the global world, thus, we have to proceed with a global mindset,&quot; he added. Besides this, he also explained the necessity of being socially responsible in the businesses.</p>

<p style="text-align: justify;">The event is divided into four sessions which includes discussion and interaction on the aspects including liquidity crunch and its realties, rise of a cashless economy, Future of digital marketing in Nepal, expediting startup voyage and transforming leadership. Aspiring&nbsp; entrepreneurs and bankers including Anil Keshari Shah, President of Nepal Banker&#39;s Association, Sanjay Shah, Co-Founder of Finnccess, Harshwardhan Shahani, CEO and Founder of V-Chitra and Ashish Adhikari, Founder of Red Mud Coffee are among&nbsp; the few speakers in the event.&nbsp;</p>
',
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		'Article' => array(
			'id' => '5890',
			'article_category_id' => '1',
			'title' => '2 Companies Submit Proposal to Lay Optical Fiber in Province 6 & 7',
			'sub_title' => '',
			'summary' => 'May 15: Two companies have proposed to lay optical fiber in province no six and seven under mid-hill highway. The two companies submitted quotation on the call of proposal by Nepal Telecommunication Authority (NEA) for the second time.',
			'content' => '<p style="text-align: justify;">May 15: Two companies have proposed to lay optical fiber in province no six and seven under mid-hill highway. The two companies submitted quotation on the call of proposal by Nepal Telecommunication Authority (NEA) for the second time.</p>

<p style="text-align: justify;">The first call was terminated by NEA citing unfulfillment of standard by the companies. The second call of proposal had a deadline till May 12. &ldquo;During the period, Smart and WorldLink submitted quotation of laying optical fiber in Rs 3.94 billion and Rs 3.34 billion respectively,&rdquo; said Achyutananda Mishra, Assistant Spokesperson of NEA.</p>

<p style="text-align: justify;">NEA gave cap of Rs 3.70 billion to the companies for the submission of the quotation. The company which quoted the lowest price and have the technical expertise will obtain the project.</p>
',
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			'id' => '5889',
			'article_category_id' => '1',
			'title' => 'Double Digit Economic Growth is Near: Governor Nepal',
			'sub_title' => '',
			'summary' => 'May 15: Dr Chiranjibi Nepal, Governor of Nepal Rastra Bank (NRB) has said that achievement of double digit economic growth is near. Dr Nepal uttered the statement in an inauguration program organized by Rotary Club, Hetauda to mark its silver jubilee. He said “The economic growth of the country grew to 7 percent due to regular power supply supported by unconstrained industrial production. If only we could insert little hard work, the economy will be able to achieve double digit growth.”',
			'content' => '<p style="text-align: justify;">May 15: Dr Chiranjibi Nepal, Governor of Nepal Rastra Bank (NRB) has said that achievement of double digit economic growth is near. Dr Nepal uttered the statement in an inauguration program organized by Rotary Club, Hetauda to mark its silver jubilee. He said &ldquo;The economic growth of the country grew to 7 percent due to regular power supply supported by unconstrained industrial production. If only we could insert little hard work, the economy will be able to achieve double digit growth.&rdquo;</p>

<p style="text-align: justify;">&ldquo;In order to achieve the economic growth, modification in the traditional societal norms should be encouraged and the immense opportunities within the country should be exploited,&rdquo; he added. &ldquo;Even in a backdrop of 57 percent labour force between 18-60 years of age being out of country, Nepal has been able to achieve 7 percent economic growth. In order to achieve the double digit economic growth, youths should be encouraged to start their own businesses by taking finances from banks and financial institutions (BFIs),&rdquo; Nepal voiced.</p>

<p style="text-align: justify;">Moreover, Governor Nepal said that the government still holds balance of Rs 500 million allocated for agricultural entrepreneurs in order to provide subsidy on interest rate. He further said that only 42 percent of Nepalis youth are engaged in entrepreneurships by taking loans with BFIs and 58 percent youths are still in banking inaccessibility. &nbsp;</p>

<p style="text-align: justify;">&nbsp;</p>
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			'sortorder' => '5674',
			'image' => '20170515114130_governor.jpg',
			'article_date' => '2017-05-15 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 2 => array(
		'Article' => array(
			'id' => '5888',
			'article_category_id' => '1',
			'title' => 'Kabeli Bikas Bank and Mount Makalu Devt Bank to Merge',
			'sub_title' => '',
			'summary' => 'May 15: Kabeli Bikas Bank, headquartered at Dhankuta and Mount Makalu Development Bank, headquartered at Tehrathum are set to merge with each other. A memorandum of understanding regarding the matter was signed by Gopal Prasad Kafle, Chairman of Kabeli Bikas Bank and Hari Krishna Niraula, Chairman of Makalu Bank.',
			'content' => '<p style="text-align: justify;">May 15: Kabeli Bikas Bank, headquartered at Dhankuta and Mount Makalu Development Bank, headquartered at Tehrathum are set to merge with each other. A memorandum of understanding regarding the matter was signed by Gopal Prasad Kafle, Chairman of Kabeli Bikas Bank and Hari Krishna Niraula, Chairman of Makalu Bank.</p>

<p style="text-align: justify;">The banks merged with each other in order to meet the minimum paid-up capital requirement of Rs 500 million as per the directive of Nepal Rastra Bank by the end of the current FY. According to the agreement, the merged entity to be known as Kabeli Bikas Bank will be headquartered in Dhankuta and will be lead by the chairman of the current Kabeli Bikas Bank.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-05-15',
			'modified' => '2017-05-15',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5673',
			'image' => '20170515103809_kabeli.jpg',
			'article_date' => '2017-05-15 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 3 => array(
		'Article' => array(
			'id' => '5887',
			'article_category_id' => '1',
			'title' => 'Oppo R9S Became Most Popular Handset',
			'sub_title' => '',
			'summary' => 'May 12: Oppo R9S has become the most selling smartphone in first quarter of 2017 as per the report of Research from Strategy Analytics. According to the report, 8.9 million units of Oppo R9S have been sold in the review period.',
			'content' => '<p style="text-align: justify;">May 12: Oppo R9S has become the most selling smartphone in first quarter of 2017 as per the report of Research from Strategy Analytics. According to the report, 8.9 million units of Oppo R9S have been sold in the review period.</p>

<p style="text-align: justify;">Meanwhile, &nbsp;Apple&rsquo;s iPhone 7 was the most sold smartphone in the previous quarter with 201.5 million units in the global market as per the report. Similarly, the second spot was claimed by iPhone 7 plus with selling 107.4 million units. Likewise, Oppo R9S grabbed third spot in the review period whereas Samsung&rsquo;s mid-range handset Galaxy J3 and Galaxy J5 had 3.1 million unit and 5 million units sold respectively.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-05-12',
			'modified' => '2017-05-12',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5672',
			'image' => '20170512011154_oppo.jpg',
			'article_date' => '2017-05-12 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 4 => array(
		'Article' => array(
			'id' => '5886',
			'article_category_id' => '1',
			'title' => 'NMB to Issue FPO through Citizens Investment Trust',
			'sub_title' => '',
			'summary' => 'May 12: Citizens Investment Trust and NMB Bank have finalized an agreement regarding further public offering. The bank appointed CIT as its issue manager to manage the 14,415,163 units of FPO.',
			'content' => '<p style="text-align: justify;">May 12: Citizens Investment Trust and NMB Bank have finalized an agreement regarding further public offering. The bank appointed CIT as its issue manager to manage the 14,415,163 units of FPO.</p>

<p style="text-align: justify;">Ram Krishna Pokharel, executive director of CIT and Sunil KC, CEO of NMB Bank signed the agreement amid a program on May 11. According to the agreement, the FPO will be issued with a face value of Rs 100 at premium.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-05-12',
			'modified' => '2017-05-12',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5671',
			'image' => '20170512124514_nmb.jpg',
			'article_date' => '2017-05-12 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 5 => array(
		'Article' => array(
			'id' => '5885',
			'article_category_id' => '1',
			'title' => 'Sunrise Bank Supports Students ',
			'sub_title' => '',
			'summary' => 'May 12: Sunrise Bank is supporting five students of Masters in Business Studies (MBS) and Master in Business Administration (MBA) level for their thesis preparation.  The bank is providing the supporting to the students of Tribhuwan University (TU).',
			'content' => '<p style="text-align:justify">May 12: Sunrise Bank is supporting five students of Masters in Business Studies (MBS) and Master in Business Administration (MBA) level for their thesis preparation. &nbsp;The bank is providing the supporting to the students of Tribhuwan University (TU).</p>

<p style="text-align:justify">The bank and the administration department of TU signed a memorandum of understanding regarding the matter on May 11. Ratna Raj Bajracharya, CEO of the bank and Prof Dr Bhoj Raj Aryal, Chief of TU administration department signed the agreement paper amid a program. Under the agreement, the bank will provided financial support to five thesis doers of TU.</p>
',
			'published' => true,
			'created' => '2017-05-12',
			'modified' => '2017-05-15',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5670',
			'image' => '20170512122606_SUNRISE.jpg',
			'article_date' => '2017-05-12 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 6 => array(
		'Article' => array(
			'id' => '5884',
			'article_category_id' => '1',
			'title' => 'Vibor Society Devt Bank to Rename as Lumbini Bikas Bank',
			'sub_title' => '',
			'summary' => 'May 12: Vibor Society Development Bank is set to rename as Lumbini Bikas Bank. The 9th annual general meeting (AGM) of the bank approved a proposal regarding merger of the bank with Lumbini Finance and Leasing Company. The same meeting approved the proposal of renaming the bank as ‘Lumbini Bikas Bank’.',
			'content' => '<p style="text-align: justify;">May 12: Vibor Society Development Bank is set to rename as Lumbini Bikas Bank. The 9<sup>th</sup> annual general meeting (AGM) of the bank approved a proposal regarding merger of the bank with Lumbini Finance and Leasing Company. The same meeting approved the proposal of renaming the bank as &lsquo;Lumbini Bikas Bank&rsquo;.</p>

<p style="text-align: justify;">In the meeting, the bank informed that the merged entity will have paid-up capital of Rs 2.37 billion. The AGM also approved a proposal of issuing 10 percent right shares of the paid-up capital maintained after the merger. Presently, the bank has deposit collection of Rs 15.6 billion and loan extension of Rs 13.56 billion, informed the bank on the occasion. The bank earned Rs 220 million net profit by the third quarter of the current FY. The merged entity will be lead by Sushil Raj Parajuli as Chairman. Moreover, Jhalak Prasad Khanal will be the CEO of the merged entity.</p>

<p style="text-align: justify;"><img alt="" src="/userfiles/images/lumbini%284%29.jpg" style="height:294px; width:650px" /></p>

<p style="text-align: justify;">Meanwhile, the special general meeting of Lumbini Finance and Leasing Company has approved the merger proposal with Vibor Society Development Bank. The SGM was conducted under the chairmanship of Chinta Mani Bhattarai, BOD Chairman of the bank. Moreover, the meeting also endorsed a proposal regarding changing share structure ratio of promoter and general shareholders to 51:49.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-05-12',
			'modified' => '2017-05-12',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5669',
			'image' => '20170512113716_vibior.jpg',
			'article_date' => '2017-05-12 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 7 => array(
		'Article' => array(
			'id' => '5883',
			'article_category_id' => '1',
			'title' => 'Growth Rebounded Strongly in FY2017, but Risks Are Mounting: The World Bank',
			'sub_title' => '',
			'summary' => 'May 12: According to the World Bank’s latest Nepal Development Update, economic growth of Nepal has rebounded strongly and has reached 7.5 percent (market prices) in FY2017. This is the highest growth rate since 1994. The growth is a result, in part, of the low growth in the previous year, one of the best monsoons in re',
			'content' => '<p style="text-align:justify">May 12: According to the World Bank&rsquo;s latest Nepal Development Update, economic growth of Nepal has rebounded strongly and has reached 7.5 percent (market prices) in FY2017. This is the highest growth rate since 1994. The growth is a result, in part, of the low growth in the previous year, one of the best monsoons in recent years, increased availability of electricity, and greater investment as the earthquake reconstruction gathered speed, said the bank .&nbsp;</p>

<p style="text-align:justify">According to the Nepal update, this cyclical rebound follows two challenging years where real GDP growth fell to 3.3 percent in FY2015 due to the devastating earthquake and declined even further to a 14-year low of 0.4 percent in FY2016 due to a complete disruption in cross-border trade with India.</p>

<p style="text-align:justify">Rice production in FY2017 is estimated to have hit a record high of 5.2 million tons, up from 4.2 million tons a year ago, says the update. About half a million households, eligible to receive housing reconstruction grants, have received the first of three tranches.&nbsp; Second tranche payments have started and are expected to pick up by the end of FY2017.&nbsp;And a series of management reforms has eliminated power cuts in several major cities across Nepal.&nbsp; Meanwhile, more than 100 megawatts of new hydropower capacity, delayed by the earthquakes and the trade disruptions, have come on-stream.</p>

<p style="text-align:justify">Moreover, transport has revived while wholesale and retail trade has normalized, according to the update. Tourism is also recovering, with arrivals reaching pre-crisis levels during the September-December 2016 tourist season.&nbsp;Inflation has decelerated primarily due to the normalization of imports and moderating inflation in India as a result of demonetization.&nbsp;</p>

<p style="text-align:justify">However, while imports have rebounded, exports remain slow due to sluggish India-bound exports and continued appreciation of the effective exchange rate. As a result, the trade deficit continues to increase. While remittances continue to grow, albeit at a slower pace, external sector pressures are building up.&nbsp;</p>

<p style="text-align:justify">&ldquo;Government revenue and spending have performed well,&rdquo; said&nbsp;Takuya Kamata, the World Bank&rsquo;s Country Manager for Nepal. &ldquo;Revenue has exceeded the six months&rsquo; target and spending, including on capital goods, has also significantly picked up compared to previous years and is on par with revenue.&rdquo; Nonetheless, very ambitious expenditures envisioned in the budget have not materialized, leaving previously accumulated government deposits (10 percent of GDP) intact.</p>

<p style="text-align:justify">Credit grew rapidly over the past year, reaching the highest growth rate since 2012, but deposits growth slowed down. Consequently, banks are running up against prudential limits on lending.&nbsp; Additionally, the government&rsquo;s large cash balances have had the effect of a monetary tightening at a time when banks are trying to increase their capital base to meet the increased regulatory requirements for paid-up capital.</p>

<p style="text-align:justify">Looking ahead, the economic growth will remain strong, but it is expected to moderate in line with country&rsquo;s potential, averaging 5 percent over the next two fiscal years. Inflation will remain below the Central Bank&rsquo;s target of 7.5 percent in FY2017, but will likely pick up in FY2018 as the effects of the demonetization taper off in India.</p>

<p style="text-align:justify">However, there are an increasing number of downside risks to this forecast with domestic risks predominating. &ldquo;Nepal&rsquo;s growth performance could moderate due to the fluid political environment and transitional challenges that can affect capital spending and uninterrupted service delivery; increased vulnerabilities in the financial sector; continued underperformance of exports; and a risk of a sharper slowdown in remittances,&rdquo; notes the Update.</p>

<p style="text-align:justify">&ldquo;With the increases in government spending as a result of new federal structures and earthquake reconstruction, the fiscal balance is expected to be negative in FY2018,&rdquo; says&nbsp;Sudyumna Dahal, World Bank Economist&nbsp;and principal author of the Update. &ldquo;Meanwhile, the current account, which had remained in surplus over the past several years, is expected to narrow and turn into a deficit as import growth is expected persists while growth of exports and remittances is expected to remain sluggish.&rdquo;</p>

<p style="text-align:justify">As in previous years, significant underspending of the budget will continue. Post-earthquake reconstruction in sectors other than housing e.g., cultural heritage, public schools, etc. remains delayed; banks are running up against regulatory limits for lending and may face additional pressure if the deposit mobilization does not improve; and persistent contraction in migrant departures present a possible sharper slowdown in remittances.</p>

<p style="text-align:justify">&nbsp;</p>
',
			'published' => true,
			'created' => '2017-05-12',
			'modified' => '2017-05-12',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5668',
			'image' => '20170512104957_WORLD BANK.jpg',
			'article_date' => '2017-05-12 00:00:00',
			'homepage' => false,
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	(int) 8 => array(
		'Article' => array(
			'id' => '5882',
			'article_category_id' => '1',
			'title' => 'HTC Launches 3 Smartphones in Nepal',
			'sub_title' => '',
			'summary' => 'May 11: General Next Communication, the authorized distributor of HTC smartphone for Nepal has launched three new models of smartphone in the Nepali market. The company launched HTC U Play, HTC One X9 and HTC Desire 825. The HTC U Play has been priced Rs 59,999. Similarly, HTC One X9 and HTC Desire 825 ha',
			'content' => '<p style="text-align: justify;">May 11: General Next Communication, the authorized distributor of HTC smartphone for Nepal has launched three new models of smartphone in the Nepali market. The company launched HTC U Play, HTC One X9 and HTC Desire 825. The HTC U Play has been priced Rs 59,999. Similarly, HTC One X9 and HTC Desire 825 have been priced Rs 28,600 and Rs 18,900 respectively in the domestic market. The U Play is available in blue color while One X9 is available in gold and gray color. Likewise, HTC Desire 825 is available in gray and white colors, said Next Communication.</p>

<p style="text-align: justify;">The main feature of HTC U Series is its liquid surface. The phone comes with 5.2 inch full HD super LCD display protected by gorilla glass. The HTC U Play is packed with 2 gigahertz 64 bit Octa-core Mediatek Helio P90 processor.</p>

<p style="text-align: justify;">Similarly, the HTC One X9 comes with 5.5 inch full HD super LED display which can be easily operated in sunlight. The dual HTC boom sound speaker of the phones takes the video and game to the different level, the company claims.</p>

<p style="text-align: justify;">Likewise, the HTC Desire 825 comes with Snapdragon 400 processor. The phone is packed with 2 GB RAM and 16 GB internal storage.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-05-11',
			'modified' => '2017-05-11',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5667',
			'image' => '20170511041747_htc.jpg',
			'article_date' => '2017-05-11 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 9 => array(
		'Article' => array(
			'id' => '5881',
			'article_category_id' => '1',
			'title' => 'Kabeli to Distribute 20% Bonus Share',
			'sub_title' => '',
			'summary' => 'May 11: Kabeli Bikas Bank, headquartered at Dhankuta, is distributing 20 percent bonus share. The 9th annual general meeting of the bank approved a proposal regarding the bonus share on May 10.',
			'content' => '<p style="text-align: justify;">May 11: Kabeli Bikas Bank, headquartered at Dhankuta, is distributing 20 percent bonus share. The 9<sup>th</sup> annual general meeting of the bank approved a proposal regarding the bonus share on May 10.</p>

<p style="text-align: justify;">In the AGM, the bank informed of collecting Rs 589.2 million deposit and extending loan of Rs 695.4 million. &ldquo;The meeting proposed to maintain the capital structure ratio of promoter and general shareholder to 51:49,&rdquo; said Gopal Prasad Kafle, Chairman of the bank.</p>

<p style="text-align: justify;">&ldquo;Moreover, the AGM elected Gopal Prasad Kafle, Janardan Ghimire, Hem Raj Subedi and Laxmi Nath Ghimire as directors,&rdquo; said Mohan Dhungel, Information Officer of the bank.</p>
',
			'published' => true,
			'created' => '2017-05-11',
			'modified' => '2017-05-11',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5666',
			'image' => '20170511032020_kabeli.jpg',
			'article_date' => '2017-05-11 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 10 => array(
		'Article' => array(
			'id' => '5880',
			'article_category_id' => '1',
			'title' => 'Dealers of Smart Appliance in China Visit',
			'sub_title' => '',
			'summary' => 'May 11: Smart Appliance, the authorized distributor of Skyworth Electronics and Home Appliance has sent its dealers to China Visit. The duration of the China visit will be May 9-13, said the company in a press statement. The dealers will also visit television manufacturing unit of Skyworth in China, reads the statement.',
			'content' => '<p style="text-align: justify;">May 11: Smart Appliance, the authorized distributor of Skyworth Electronics and Home Appliance has sent its dealers to China Visit. The duration of the China visit will be May 9-13, said the company in a press statement. The dealers will also visit television manufacturing unit of Skyworth in China, reads the statement.</p>
',
			'published' => true,
			'created' => '2017-05-11',
			'modified' => '2017-05-11',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5665',
			'image' => '20170511112442_skyworth.jpg',
			'article_date' => '2017-05-11 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 11 => array(
		'Article' => array(
			'id' => '5879',
			'article_category_id' => '1',
			'title' => 'New Syska LED Showroom in Putalisadak',
			'sub_title' => '',
			'summary' => 'May 11: Indian lighting company Syska LED has opened its new showroom. The company opened the showroom in Putalisadak, Kathmandu as per its strategy of expanding market to international market. The company claims that the newly opened showroom is the biggest among its other showrooms in Kathmandu. The showroom whi',
			'content' => '<p style="text-align: justify;">May 11: Indian lighting company Syska LED has opened its new showroom. The company opened the showroom in Putalisadak, Kathmandu as per its strategy of expanding market to international market. The company claims that the newly opened showroom is the biggest among its other showrooms in Kathmandu. The showroom which is expanded in 2,500 square foot offers all types of lightings including residential, commercial, outdoor and industrial.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-05-11',
			'modified' => '2017-05-11',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5664',
			'image' => '20170511111802_syska.jpg',
			'article_date' => '2017-05-11 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 12 => array(
		'Article' => array(
			'id' => '5878',
			'article_category_id' => '1',
			'title' => 'Renault Unveils New Vehicle Kwid in Nepali Market',
			'sub_title' => '',
			'summary' => 'May 11: An international multi-brand group, Renault has launched Kwid hatchback with new powerful 1.0L smart control efficiency (Sce) engine - ‘Live for More Edition’ amid a programme in Kathmandu. Issuing a press statement, the company said that Renault is offering the vehicle in two different variants.',
			'content' => '<p style="text-align: justify;">May 11: An international multi-brand group, Renault has launched Kwid hatchback with new powerful 1.0L smart control efficiency (Sce) engine - &lsquo;Live for More Edition&rsquo; amid a programme in Kathmandu. Issuing a press statement, the company said that Renault is offering the vehicle in two different variants.</p>

<p style="text-align: justify;">According to the statement, the SUV inspired design Kwid 1.0L Sce engine is optimally designed for better performance. &ldquo;The newly launched Kwid also features seven inch screen media Nav system, digital instrument cluster, one touch indicator,&rdquo; reads the statement. For the safety, the vehicle is packed with pro-sense seat belt, radio speed dependent volume control and pretensioners with load limiters. Similarly, Kwid comes with boot capacity of 300 liters, ergo-smart cabin, multiple storage spaces. &ldquo;Kwid 1.0L Sce also features new speed-sport designer graphics on the doors and two-tone gloss grey ORVms, enhancing its style quotient.&rdquo;</p>

<p style="text-align: justify;">As per the company, Kwid is attractive, innovative and affordable. The newly launched Kwid is available with the starting price of Rs 209,8000.</p>
',
			'published' => true,
			'created' => '2017-05-11',
			'modified' => '2017-05-11',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5663',
			'image' => '20170511103215_Renault.jpg',
			'article_date' => '2017-05-11 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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	(int) 13 => array(
		'Article' => array(
			'id' => '5877',
			'article_category_id' => '1',
			'title' => 'Unnati Project to Invest for Agriculture in Eastern Hilly Districts',
			'sub_title' => '',
			'summary' => 'May 11: The Unnati Project is to invest USD 1.8 million in seven hilly districts of Eastern Nepal for increasing agricultural output through different ten banks and financial institutions.',
			'content' => '<p style="text-align: justify;">May 11: The Unnati Project is to invest USD 1.8 million in seven hilly districts of Eastern Nepal for increasing agricultural output through different ten banks and financial institutions.</p>

<p style="text-align: justify;">The Unnati Project and associated banks and financial institutions signed an agreement to this effect amid a programme on May 8.</p>

<p style="text-align: justify;">Ilam, Panchthar, Taplejung, Dhankuta, Terathum, Bhojpur and Sankhuwasabha are the selected districts for the programme.</p>

<p style="text-align: justify;">Unnati project associated banks and financial institutions such as Laxmi Bank, Prabhu Bank, Siddhartha Bank, Everest Bank, IME, Chhimeki Micro Finance, Sahara Cooperatives, Jiwan Bikash Financial Institution, NMB Micro Finance and Forward Micro Finance will be providing financial services in these districts.</p>

<p style="text-align: justify;">The Unnati Project will provide the amount to the selected banks and financial institutions. The Danish government has provided the financial assistance and the technical help will be provided by UN Capital Development Fund (UNCDF) for the programme launched to develop entrepreneurship and to encourage small farmers.</p>

<p style="text-align: justify;">According to the agreement, the banks and financial institutions will be focused to become inclusive and encourage small farmers and women&rsquo;s entrepreneurship.</p>

<p style="text-align: justify;">Chandrakanta Sharma Paudel, Expert of Unnati Project informed that separate contracts will be signed with the banks for the programme.</p>

<p style="text-align: justify;">The agreement has provision that 40 to 60 percent of investment should be made by the bank and financial institution itself besides the fund they are provided.</p>
',
			'published' => true,
			'created' => '2017-05-11',
			'modified' => '2017-05-11',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5662',
			'image' => '20170511102130_unnati.jpg',
			'article_date' => '2017-05-11 00:00:00',
			'homepage' => false,
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			'in_scroller' => false,
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	),
	(int) 14 => array(
		'Article' => array(
			'id' => '5876',
			'article_category_id' => '1',
			'title' => 'Nepal Management Symposium 2017 kicks off',
			'sub_title' => '',
			'summary' => 'May 9: Nepal Management Symposium 2017, a two days event organised by Kathmandu College of Management has kicked off from May 9. The first session of the programme observed the participation of aspiring entrepreneurs, business students from various colleges, bankers and professionals from the business arena. Sponsored by Vishwakarma Cement, the symposium is organised with an objective to provide a platform to the professionals and students to share their insights and also',
			'content' => '<p style="text-align: justify;">May 9: Nepal Management Symposium 2017, a two days event organised by Kathmandu College of Management has kicked off from May 9. The first session of the programme observed the participation of aspiring entrepreneurs, business students from various colleges, bankers and professionals from the business arena. Sponsored by Vishwakarma Cement, the symposium is organised with an objective to provide a platform to the professionals and students to share their insights and also interact on current issues related to financial economics, entrepreneurship, leadership and management and marketing and branding.</p>

<p style="text-align: justify;">In the program, Nabindra Raj Joshi, Industry Minister and Chief Guest of the programme said that the country aims to retain its citizen within the next 10 years. &quot;The government needs help from private sector as well the educational institutions to achieve the goal. The shortcoming with the citizens of the country is that we lack dedication to successfully overcome the challenges on the way. If we work seriously in our respective areas creating our own theories and formulas for success, definitely the country will reach its goal on the stipulated time,&quot; said Joshi.&nbsp;&nbsp; He also shared that the government should facilitate the entrepreneurs to give them confidence to run their business smoothly. Similarly, Ajit &nbsp;Ranade, Senior President and Chief Economist of Aditya Birla Group and the Guest of Honor for the programme addressed to the student that being in a position of advantage; they must aim to become a job creator in Nepal. &quot;Moreover, in the world where half of our life is spent on the digital world, we should never think that we are confined to our country. Each and every day we have to compete for the global world, thus, we have to proceed with a global mindset,&quot; he added. Besides this, he also explained the necessity of being socially responsible in the businesses.</p>

<p style="text-align: justify;">The event is divided into four sessions which includes discussion and interaction on the aspects including liquidity crunch and its realties, rise of a cashless economy, Future of digital marketing in Nepal, expediting startup voyage and transforming leadership. Aspiring&nbsp; entrepreneurs and bankers including Anil Keshari Shah, President of Nepal Banker&#39;s Association, Sanjay Shah, Co-Founder of Finnccess, Harshwardhan Shahani, CEO and Founder of V-Chitra and Ashish Adhikari, Founder of Red Mud Coffee are among&nbsp; the few speakers in the event.&nbsp;</p>
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		'Article' => array(
			'id' => '5890',
			'article_category_id' => '1',
			'title' => '2 Companies Submit Proposal to Lay Optical Fiber in Province 6 & 7',
			'sub_title' => '',
			'summary' => 'May 15: Two companies have proposed to lay optical fiber in province no six and seven under mid-hill highway. The two companies submitted quotation on the call of proposal by Nepal Telecommunication Authority (NEA) for the second time.',
			'content' => '<p style="text-align: justify;">May 15: Two companies have proposed to lay optical fiber in province no six and seven under mid-hill highway. The two companies submitted quotation on the call of proposal by Nepal Telecommunication Authority (NEA) for the second time.</p>

<p style="text-align: justify;">The first call was terminated by NEA citing unfulfillment of standard by the companies. The second call of proposal had a deadline till May 12. &ldquo;During the period, Smart and WorldLink submitted quotation of laying optical fiber in Rs 3.94 billion and Rs 3.34 billion respectively,&rdquo; said Achyutananda Mishra, Assistant Spokesperson of NEA.</p>

<p style="text-align: justify;">NEA gave cap of Rs 3.70 billion to the companies for the submission of the quotation. The company which quoted the lowest price and have the technical expertise will obtain the project.</p>
',
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			'created' => '2017-05-15',
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			'image' => '20170515011750_optical.jpg',
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			'id' => '5889',
			'article_category_id' => '1',
			'title' => 'Double Digit Economic Growth is Near: Governor Nepal',
			'sub_title' => '',
			'summary' => 'May 15: Dr Chiranjibi Nepal, Governor of Nepal Rastra Bank (NRB) has said that achievement of double digit economic growth is near. Dr Nepal uttered the statement in an inauguration program organized by Rotary Club, Hetauda to mark its silver jubilee. He said “The economic growth of the country grew to 7 percent due to regular power supply supported by unconstrained industrial production. If only we could insert little hard work, the economy will be able to achieve double digit growth.”',
			'content' => '<p style="text-align: justify;">May 15: Dr Chiranjibi Nepal, Governor of Nepal Rastra Bank (NRB) has said that achievement of double digit economic growth is near. Dr Nepal uttered the statement in an inauguration program organized by Rotary Club, Hetauda to mark its silver jubilee. He said &ldquo;The economic growth of the country grew to 7 percent due to regular power supply supported by unconstrained industrial production. If only we could insert little hard work, the economy will be able to achieve double digit growth.&rdquo;</p>

<p style="text-align: justify;">&ldquo;In order to achieve the economic growth, modification in the traditional societal norms should be encouraged and the immense opportunities within the country should be exploited,&rdquo; he added. &ldquo;Even in a backdrop of 57 percent labour force between 18-60 years of age being out of country, Nepal has been able to achieve 7 percent economic growth. In order to achieve the double digit economic growth, youths should be encouraged to start their own businesses by taking finances from banks and financial institutions (BFIs),&rdquo; Nepal voiced.</p>

<p style="text-align: justify;">Moreover, Governor Nepal said that the government still holds balance of Rs 500 million allocated for agricultural entrepreneurs in order to provide subsidy on interest rate. He further said that only 42 percent of Nepalis youth are engaged in entrepreneurships by taking loans with BFIs and 58 percent youths are still in banking inaccessibility. &nbsp;</p>

<p style="text-align: justify;">&nbsp;</p>
',
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			'article_category_id' => '1',
			'title' => 'Kabeli Bikas Bank and Mount Makalu Devt Bank to Merge',
			'sub_title' => '',
			'summary' => 'May 15: Kabeli Bikas Bank, headquartered at Dhankuta and Mount Makalu Development Bank, headquartered at Tehrathum are set to merge with each other. A memorandum of understanding regarding the matter was signed by Gopal Prasad Kafle, Chairman of Kabeli Bikas Bank and Hari Krishna Niraula, Chairman of Makalu Bank.',
			'content' => '<p style="text-align: justify;">May 15: Kabeli Bikas Bank, headquartered at Dhankuta and Mount Makalu Development Bank, headquartered at Tehrathum are set to merge with each other. A memorandum of understanding regarding the matter was signed by Gopal Prasad Kafle, Chairman of Kabeli Bikas Bank and Hari Krishna Niraula, Chairman of Makalu Bank.</p>

<p style="text-align: justify;">The banks merged with each other in order to meet the minimum paid-up capital requirement of Rs 500 million as per the directive of Nepal Rastra Bank by the end of the current FY. According to the agreement, the merged entity to be known as Kabeli Bikas Bank will be headquartered in Dhankuta and will be lead by the chairman of the current Kabeli Bikas Bank.&nbsp;</p>
',
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			'created' => '2017-05-15',
			'modified' => '2017-05-15',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5673',
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			'id' => '5887',
			'article_category_id' => '1',
			'title' => 'Oppo R9S Became Most Popular Handset',
			'sub_title' => '',
			'summary' => 'May 12: Oppo R9S has become the most selling smartphone in first quarter of 2017 as per the report of Research from Strategy Analytics. According to the report, 8.9 million units of Oppo R9S have been sold in the review period.',
			'content' => '<p style="text-align: justify;">May 12: Oppo R9S has become the most selling smartphone in first quarter of 2017 as per the report of Research from Strategy Analytics. According to the report, 8.9 million units of Oppo R9S have been sold in the review period.</p>

<p style="text-align: justify;">Meanwhile, &nbsp;Apple&rsquo;s iPhone 7 was the most sold smartphone in the previous quarter with 201.5 million units in the global market as per the report. Similarly, the second spot was claimed by iPhone 7 plus with selling 107.4 million units. Likewise, Oppo R9S grabbed third spot in the review period whereas Samsung&rsquo;s mid-range handset Galaxy J3 and Galaxy J5 had 3.1 million unit and 5 million units sold respectively.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-05-12',
			'modified' => '2017-05-12',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5672',
			'image' => '20170512011154_oppo.jpg',
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			'id' => '5886',
			'article_category_id' => '1',
			'title' => 'NMB to Issue FPO through Citizens Investment Trust',
			'sub_title' => '',
			'summary' => 'May 12: Citizens Investment Trust and NMB Bank have finalized an agreement regarding further public offering. The bank appointed CIT as its issue manager to manage the 14,415,163 units of FPO.',
			'content' => '<p style="text-align: justify;">May 12: Citizens Investment Trust and NMB Bank have finalized an agreement regarding further public offering. The bank appointed CIT as its issue manager to manage the 14,415,163 units of FPO.</p>

<p style="text-align: justify;">Ram Krishna Pokharel, executive director of CIT and Sunil KC, CEO of NMB Bank signed the agreement amid a program on May 11. According to the agreement, the FPO will be issued with a face value of Rs 100 at premium.&nbsp;</p>
',
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			'created' => '2017-05-12',
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			'sortorder' => '5671',
			'image' => '20170512124514_nmb.jpg',
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		'Article' => array(
			'id' => '5885',
			'article_category_id' => '1',
			'title' => 'Sunrise Bank Supports Students ',
			'sub_title' => '',
			'summary' => 'May 12: Sunrise Bank is supporting five students of Masters in Business Studies (MBS) and Master in Business Administration (MBA) level for their thesis preparation.  The bank is providing the supporting to the students of Tribhuwan University (TU).',
			'content' => '<p style="text-align:justify">May 12: Sunrise Bank is supporting five students of Masters in Business Studies (MBS) and Master in Business Administration (MBA) level for their thesis preparation. &nbsp;The bank is providing the supporting to the students of Tribhuwan University (TU).</p>

<p style="text-align:justify">The bank and the administration department of TU signed a memorandum of understanding regarding the matter on May 11. Ratna Raj Bajracharya, CEO of the bank and Prof Dr Bhoj Raj Aryal, Chief of TU administration department signed the agreement paper amid a program. Under the agreement, the bank will provided financial support to five thesis doers of TU.</p>
',
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			'created' => '2017-05-12',
			'modified' => '2017-05-15',
			'keywords' => '',
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			'sortorder' => '5670',
			'image' => '20170512122606_SUNRISE.jpg',
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		'Article' => array(
			'id' => '5884',
			'article_category_id' => '1',
			'title' => 'Vibor Society Devt Bank to Rename as Lumbini Bikas Bank',
			'sub_title' => '',
			'summary' => 'May 12: Vibor Society Development Bank is set to rename as Lumbini Bikas Bank. The 9th annual general meeting (AGM) of the bank approved a proposal regarding merger of the bank with Lumbini Finance and Leasing Company. The same meeting approved the proposal of renaming the bank as ‘Lumbini Bikas Bank’.',
			'content' => '<p style="text-align: justify;">May 12: Vibor Society Development Bank is set to rename as Lumbini Bikas Bank. The 9<sup>th</sup> annual general meeting (AGM) of the bank approved a proposal regarding merger of the bank with Lumbini Finance and Leasing Company. The same meeting approved the proposal of renaming the bank as &lsquo;Lumbini Bikas Bank&rsquo;.</p>

<p style="text-align: justify;">In the meeting, the bank informed that the merged entity will have paid-up capital of Rs 2.37 billion. The AGM also approved a proposal of issuing 10 percent right shares of the paid-up capital maintained after the merger. Presently, the bank has deposit collection of Rs 15.6 billion and loan extension of Rs 13.56 billion, informed the bank on the occasion. The bank earned Rs 220 million net profit by the third quarter of the current FY. The merged entity will be lead by Sushil Raj Parajuli as Chairman. Moreover, Jhalak Prasad Khanal will be the CEO of the merged entity.</p>

<p style="text-align: justify;"><img alt="" src="/userfiles/images/lumbini%284%29.jpg" style="height:294px; width:650px" /></p>

<p style="text-align: justify;">Meanwhile, the special general meeting of Lumbini Finance and Leasing Company has approved the merger proposal with Vibor Society Development Bank. The SGM was conducted under the chairmanship of Chinta Mani Bhattarai, BOD Chairman of the bank. Moreover, the meeting also endorsed a proposal regarding changing share structure ratio of promoter and general shareholders to 51:49.&nbsp;</p>
',
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			'sortorder' => '5669',
			'image' => '20170512113716_vibior.jpg',
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		'Article' => array(
			'id' => '5883',
			'article_category_id' => '1',
			'title' => 'Growth Rebounded Strongly in FY2017, but Risks Are Mounting: The World Bank',
			'sub_title' => '',
			'summary' => 'May 12: According to the World Bank’s latest Nepal Development Update, economic growth of Nepal has rebounded strongly and has reached 7.5 percent (market prices) in FY2017. This is the highest growth rate since 1994. The growth is a result, in part, of the low growth in the previous year, one of the best monsoons in re',
			'content' => '<p style="text-align:justify">May 12: According to the World Bank&rsquo;s latest Nepal Development Update, economic growth of Nepal has rebounded strongly and has reached 7.5 percent (market prices) in FY2017. This is the highest growth rate since 1994. The growth is a result, in part, of the low growth in the previous year, one of the best monsoons in recent years, increased availability of electricity, and greater investment as the earthquake reconstruction gathered speed, said the bank .&nbsp;</p>

<p style="text-align:justify">According to the Nepal update, this cyclical rebound follows two challenging years where real GDP growth fell to 3.3 percent in FY2015 due to the devastating earthquake and declined even further to a 14-year low of 0.4 percent in FY2016 due to a complete disruption in cross-border trade with India.</p>

<p style="text-align:justify">Rice production in FY2017 is estimated to have hit a record high of 5.2 million tons, up from 4.2 million tons a year ago, says the update. About half a million households, eligible to receive housing reconstruction grants, have received the first of three tranches.&nbsp; Second tranche payments have started and are expected to pick up by the end of FY2017.&nbsp;And a series of management reforms has eliminated power cuts in several major cities across Nepal.&nbsp; Meanwhile, more than 100 megawatts of new hydropower capacity, delayed by the earthquakes and the trade disruptions, have come on-stream.</p>

<p style="text-align:justify">Moreover, transport has revived while wholesale and retail trade has normalized, according to the update. Tourism is also recovering, with arrivals reaching pre-crisis levels during the September-December 2016 tourist season.&nbsp;Inflation has decelerated primarily due to the normalization of imports and moderating inflation in India as a result of demonetization.&nbsp;</p>

<p style="text-align:justify">However, while imports have rebounded, exports remain slow due to sluggish India-bound exports and continued appreciation of the effective exchange rate. As a result, the trade deficit continues to increase. While remittances continue to grow, albeit at a slower pace, external sector pressures are building up.&nbsp;</p>

<p style="text-align:justify">&ldquo;Government revenue and spending have performed well,&rdquo; said&nbsp;Takuya Kamata, the World Bank&rsquo;s Country Manager for Nepal. &ldquo;Revenue has exceeded the six months&rsquo; target and spending, including on capital goods, has also significantly picked up compared to previous years and is on par with revenue.&rdquo; Nonetheless, very ambitious expenditures envisioned in the budget have not materialized, leaving previously accumulated government deposits (10 percent of GDP) intact.</p>

<p style="text-align:justify">Credit grew rapidly over the past year, reaching the highest growth rate since 2012, but deposits growth slowed down. Consequently, banks are running up against prudential limits on lending.&nbsp; Additionally, the government&rsquo;s large cash balances have had the effect of a monetary tightening at a time when banks are trying to increase their capital base to meet the increased regulatory requirements for paid-up capital.</p>

<p style="text-align:justify">Looking ahead, the economic growth will remain strong, but it is expected to moderate in line with country&rsquo;s potential, averaging 5 percent over the next two fiscal years. Inflation will remain below the Central Bank&rsquo;s target of 7.5 percent in FY2017, but will likely pick up in FY2018 as the effects of the demonetization taper off in India.</p>

<p style="text-align:justify">However, there are an increasing number of downside risks to this forecast with domestic risks predominating. &ldquo;Nepal&rsquo;s growth performance could moderate due to the fluid political environment and transitional challenges that can affect capital spending and uninterrupted service delivery; increased vulnerabilities in the financial sector; continued underperformance of exports; and a risk of a sharper slowdown in remittances,&rdquo; notes the Update.</p>

<p style="text-align:justify">&ldquo;With the increases in government spending as a result of new federal structures and earthquake reconstruction, the fiscal balance is expected to be negative in FY2018,&rdquo; says&nbsp;Sudyumna Dahal, World Bank Economist&nbsp;and principal author of the Update. &ldquo;Meanwhile, the current account, which had remained in surplus over the past several years, is expected to narrow and turn into a deficit as import growth is expected persists while growth of exports and remittances is expected to remain sluggish.&rdquo;</p>

<p style="text-align:justify">As in previous years, significant underspending of the budget will continue. Post-earthquake reconstruction in sectors other than housing e.g., cultural heritage, public schools, etc. remains delayed; banks are running up against regulatory limits for lending and may face additional pressure if the deposit mobilization does not improve; and persistent contraction in migrant departures present a possible sharper slowdown in remittances.</p>

<p style="text-align:justify">&nbsp;</p>
',
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			'sortorder' => '5668',
			'image' => '20170512104957_WORLD BANK.jpg',
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	(int) 8 => array(
		'Article' => array(
			'id' => '5882',
			'article_category_id' => '1',
			'title' => 'HTC Launches 3 Smartphones in Nepal',
			'sub_title' => '',
			'summary' => 'May 11: General Next Communication, the authorized distributor of HTC smartphone for Nepal has launched three new models of smartphone in the Nepali market. The company launched HTC U Play, HTC One X9 and HTC Desire 825. The HTC U Play has been priced Rs 59,999. Similarly, HTC One X9 and HTC Desire 825 ha',
			'content' => '<p style="text-align: justify;">May 11: General Next Communication, the authorized distributor of HTC smartphone for Nepal has launched three new models of smartphone in the Nepali market. The company launched HTC U Play, HTC One X9 and HTC Desire 825. The HTC U Play has been priced Rs 59,999. Similarly, HTC One X9 and HTC Desire 825 have been priced Rs 28,600 and Rs 18,900 respectively in the domestic market. The U Play is available in blue color while One X9 is available in gold and gray color. Likewise, HTC Desire 825 is available in gray and white colors, said Next Communication.</p>

<p style="text-align: justify;">The main feature of HTC U Series is its liquid surface. The phone comes with 5.2 inch full HD super LCD display protected by gorilla glass. The HTC U Play is packed with 2 gigahertz 64 bit Octa-core Mediatek Helio P90 processor.</p>

<p style="text-align: justify;">Similarly, the HTC One X9 comes with 5.5 inch full HD super LED display which can be easily operated in sunlight. The dual HTC boom sound speaker of the phones takes the video and game to the different level, the company claims.</p>

<p style="text-align: justify;">Likewise, the HTC Desire 825 comes with Snapdragon 400 processor. The phone is packed with 2 GB RAM and 16 GB internal storage.&nbsp;</p>
',
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			'created' => '2017-05-11',
			'modified' => '2017-05-11',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5667',
			'image' => '20170511041747_htc.jpg',
			'article_date' => '2017-05-11 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	),
	(int) 9 => array(
		'Article' => array(
			'id' => '5881',
			'article_category_id' => '1',
			'title' => 'Kabeli to Distribute 20% Bonus Share',
			'sub_title' => '',
			'summary' => 'May 11: Kabeli Bikas Bank, headquartered at Dhankuta, is distributing 20 percent bonus share. The 9th annual general meeting of the bank approved a proposal regarding the bonus share on May 10.',
			'content' => '<p style="text-align: justify;">May 11: Kabeli Bikas Bank, headquartered at Dhankuta, is distributing 20 percent bonus share. The 9<sup>th</sup> annual general meeting of the bank approved a proposal regarding the bonus share on May 10.</p>

<p style="text-align: justify;">In the AGM, the bank informed of collecting Rs 589.2 million deposit and extending loan of Rs 695.4 million. &ldquo;The meeting proposed to maintain the capital structure ratio of promoter and general shareholder to 51:49,&rdquo; said Gopal Prasad Kafle, Chairman of the bank.</p>

<p style="text-align: justify;">&ldquo;Moreover, the AGM elected Gopal Prasad Kafle, Janardan Ghimire, Hem Raj Subedi and Laxmi Nath Ghimire as directors,&rdquo; said Mohan Dhungel, Information Officer of the bank.</p>
',
			'published' => true,
			'created' => '2017-05-11',
			'modified' => '2017-05-11',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5666',
			'image' => '20170511032020_kabeli.jpg',
			'article_date' => '2017-05-11 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 10 => array(
		'Article' => array(
			'id' => '5880',
			'article_category_id' => '1',
			'title' => 'Dealers of Smart Appliance in China Visit',
			'sub_title' => '',
			'summary' => 'May 11: Smart Appliance, the authorized distributor of Skyworth Electronics and Home Appliance has sent its dealers to China Visit. The duration of the China visit will be May 9-13, said the company in a press statement. The dealers will also visit television manufacturing unit of Skyworth in China, reads the statement.',
			'content' => '<p style="text-align: justify;">May 11: Smart Appliance, the authorized distributor of Skyworth Electronics and Home Appliance has sent its dealers to China Visit. The duration of the China visit will be May 9-13, said the company in a press statement. The dealers will also visit television manufacturing unit of Skyworth in China, reads the statement.</p>
',
			'published' => true,
			'created' => '2017-05-11',
			'modified' => '2017-05-11',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5665',
			'image' => '20170511112442_skyworth.jpg',
			'article_date' => '2017-05-11 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 11 => array(
		'Article' => array(
			'id' => '5879',
			'article_category_id' => '1',
			'title' => 'New Syska LED Showroom in Putalisadak',
			'sub_title' => '',
			'summary' => 'May 11: Indian lighting company Syska LED has opened its new showroom. The company opened the showroom in Putalisadak, Kathmandu as per its strategy of expanding market to international market. The company claims that the newly opened showroom is the biggest among its other showrooms in Kathmandu. The showroom whi',
			'content' => '<p style="text-align: justify;">May 11: Indian lighting company Syska LED has opened its new showroom. The company opened the showroom in Putalisadak, Kathmandu as per its strategy of expanding market to international market. The company claims that the newly opened showroom is the biggest among its other showrooms in Kathmandu. The showroom which is expanded in 2,500 square foot offers all types of lightings including residential, commercial, outdoor and industrial.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-05-11',
			'modified' => '2017-05-11',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5664',
			'image' => '20170511111802_syska.jpg',
			'article_date' => '2017-05-11 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 12 => array(
		'Article' => array(
			'id' => '5878',
			'article_category_id' => '1',
			'title' => 'Renault Unveils New Vehicle Kwid in Nepali Market',
			'sub_title' => '',
			'summary' => 'May 11: An international multi-brand group, Renault has launched Kwid hatchback with new powerful 1.0L smart control efficiency (Sce) engine - ‘Live for More Edition’ amid a programme in Kathmandu. Issuing a press statement, the company said that Renault is offering the vehicle in two different variants.',
			'content' => '<p style="text-align: justify;">May 11: An international multi-brand group, Renault has launched Kwid hatchback with new powerful 1.0L smart control efficiency (Sce) engine - &lsquo;Live for More Edition&rsquo; amid a programme in Kathmandu. Issuing a press statement, the company said that Renault is offering the vehicle in two different variants.</p>

<p style="text-align: justify;">According to the statement, the SUV inspired design Kwid 1.0L Sce engine is optimally designed for better performance. &ldquo;The newly launched Kwid also features seven inch screen media Nav system, digital instrument cluster, one touch indicator,&rdquo; reads the statement. For the safety, the vehicle is packed with pro-sense seat belt, radio speed dependent volume control and pretensioners with load limiters. Similarly, Kwid comes with boot capacity of 300 liters, ergo-smart cabin, multiple storage spaces. &ldquo;Kwid 1.0L Sce also features new speed-sport designer graphics on the doors and two-tone gloss grey ORVms, enhancing its style quotient.&rdquo;</p>

<p style="text-align: justify;">As per the company, Kwid is attractive, innovative and affordable. The newly launched Kwid is available with the starting price of Rs 209,8000.</p>
',
			'published' => true,
			'created' => '2017-05-11',
			'modified' => '2017-05-11',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5663',
			'image' => '20170511103215_Renault.jpg',
			'article_date' => '2017-05-11 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 13 => array(
		'Article' => array(
			'id' => '5877',
			'article_category_id' => '1',
			'title' => 'Unnati Project to Invest for Agriculture in Eastern Hilly Districts',
			'sub_title' => '',
			'summary' => 'May 11: The Unnati Project is to invest USD 1.8 million in seven hilly districts of Eastern Nepal for increasing agricultural output through different ten banks and financial institutions.',
			'content' => '<p style="text-align: justify;">May 11: The Unnati Project is to invest USD 1.8 million in seven hilly districts of Eastern Nepal for increasing agricultural output through different ten banks and financial institutions.</p>

<p style="text-align: justify;">The Unnati Project and associated banks and financial institutions signed an agreement to this effect amid a programme on May 8.</p>

<p style="text-align: justify;">Ilam, Panchthar, Taplejung, Dhankuta, Terathum, Bhojpur and Sankhuwasabha are the selected districts for the programme.</p>

<p style="text-align: justify;">Unnati project associated banks and financial institutions such as Laxmi Bank, Prabhu Bank, Siddhartha Bank, Everest Bank, IME, Chhimeki Micro Finance, Sahara Cooperatives, Jiwan Bikash Financial Institution, NMB Micro Finance and Forward Micro Finance will be providing financial services in these districts.</p>

<p style="text-align: justify;">The Unnati Project will provide the amount to the selected banks and financial institutions. The Danish government has provided the financial assistance and the technical help will be provided by UN Capital Development Fund (UNCDF) for the programme launched to develop entrepreneurship and to encourage small farmers.</p>

<p style="text-align: justify;">According to the agreement, the banks and financial institutions will be focused to become inclusive and encourage small farmers and women&rsquo;s entrepreneurship.</p>

<p style="text-align: justify;">Chandrakanta Sharma Paudel, Expert of Unnati Project informed that separate contracts will be signed with the banks for the programme.</p>

<p style="text-align: justify;">The agreement has provision that 40 to 60 percent of investment should be made by the bank and financial institution itself besides the fund they are provided.</p>
',
			'published' => true,
			'created' => '2017-05-11',
			'modified' => '2017-05-11',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5662',
			'image' => '20170511102130_unnati.jpg',
			'article_date' => '2017-05-11 00:00:00',
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	(int) 14 => array(
		'Article' => array(
			'id' => '5876',
			'article_category_id' => '1',
			'title' => 'Nepal Management Symposium 2017 kicks off',
			'sub_title' => '',
			'summary' => 'May 9: Nepal Management Symposium 2017, a two days event organised by Kathmandu College of Management has kicked off from May 9. The first session of the programme observed the participation of aspiring entrepreneurs, business students from various colleges, bankers and professionals from the business arena. Sponsored by Vishwakarma Cement, the symposium is organised with an objective to provide a platform to the professionals and students to share their insights and also',
			'content' => '<p style="text-align: justify;">May 9: Nepal Management Symposium 2017, a two days event organised by Kathmandu College of Management has kicked off from May 9. The first session of the programme observed the participation of aspiring entrepreneurs, business students from various colleges, bankers and professionals from the business arena. Sponsored by Vishwakarma Cement, the symposium is organised with an objective to provide a platform to the professionals and students to share their insights and also interact on current issues related to financial economics, entrepreneurship, leadership and management and marketing and branding.</p>

<p style="text-align: justify;">In the program, Nabindra Raj Joshi, Industry Minister and Chief Guest of the programme said that the country aims to retain its citizen within the next 10 years. &quot;The government needs help from private sector as well the educational institutions to achieve the goal. The shortcoming with the citizens of the country is that we lack dedication to successfully overcome the challenges on the way. If we work seriously in our respective areas creating our own theories and formulas for success, definitely the country will reach its goal on the stipulated time,&quot; said Joshi.&nbsp;&nbsp; He also shared that the government should facilitate the entrepreneurs to give them confidence to run their business smoothly. Similarly, Ajit &nbsp;Ranade, Senior President and Chief Economist of Aditya Birla Group and the Guest of Honor for the programme addressed to the student that being in a position of advantage; they must aim to become a job creator in Nepal. &quot;Moreover, in the world where half of our life is spent on the digital world, we should never think that we are confined to our country. Each and every day we have to compete for the global world, thus, we have to proceed with a global mindset,&quot; he added. Besides this, he also explained the necessity of being socially responsible in the businesses.</p>

<p style="text-align: justify;">The event is divided into four sessions which includes discussion and interaction on the aspects including liquidity crunch and its realties, rise of a cashless economy, Future of digital marketing in Nepal, expediting startup voyage and transforming leadership. Aspiring&nbsp; entrepreneurs and bankers including Anil Keshari Shah, President of Nepal Banker&#39;s Association, Sanjay Shah, Co-Founder of Finnccess, Harshwardhan Shahani, CEO and Founder of V-Chitra and Ashish Adhikari, Founder of Red Mud Coffee are among&nbsp; the few speakers in the event.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-05-09',
			'modified' => '2017-05-09',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5661',
			'image' => '20170509053338_kcm.jpg',
			'article_date' => '2017-05-09 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	)
)
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