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'summary' => 'March 8: The halt in import of goods from China following the coronavirus (COVID-19) outbreak has resulted in a decline in number of customers opening Letter of Credit (LC) at commercial banks.',
'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">March 8: The halt in import of goods from China following the coronavirus (COVID-19) outbreak has resulted in a decline in number of customers opening Letter of Credit (LC) at commercial banks.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">According to Nepal Rastra Bank, registration of LCs reduced by 20 percent as of mid-February. This has also affected revenue collection from the customs points.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Data show that goods worth Rs 6 billion were imported in Nepal through LCs opened at 27 commercial banks within the last three months. The import of goods through LCs during the corresponding period of last year was worth Rs 12 billion.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Analysts say the effects of reduction in the number of LCs will be seen six months later when there will be a decline in import of goods. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">However, LCs are not the only medium through which businessmen make payment for goods imported from China.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The halt in import of goods from China has affected the income of banks, informed Himlal Poudel, spokesperson of Agriculture Development Bank.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">“Payment through LCs has stopped due to a halt in import. Coronavirus has affected economic activities, which finally affects the banking sector,” said Poudel.</span></span></p>
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<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">According to Nepal Rastra Bank, registration of LCs reduced by 20 percent as of mid-February. This has also affected revenue collection from the customs points.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Data show that goods worth Rs 6 billion were imported in Nepal through LCs opened at 27 commercial banks within the last three months. The import of goods through LCs during the corresponding period of last year was worth Rs 12 billion.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Analysts say the effects of reduction in the number of LCs will be seen six months later when there will be a decline in import of goods. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">However, LCs are not the only medium through which businessmen make payment for goods imported from China.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The halt in import of goods from China has affected the income of banks, informed Himlal Poudel, spokesperson of Agriculture Development Bank.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">“Payment through LCs has stopped due to a halt in import. Coronavirus has affected economic activities, which finally affects the banking sector,” said Poudel.</span></span></p>
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include - APP/View/Articles/view.ctp, line 115
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 115]
$user = $this->Session->read('Auth.User');
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'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">March 8: The halt in import of goods from China following the coronavirus (COVID-19) outbreak has resulted in a decline in number of customers opening Letter of Credit (LC) at commercial banks.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">According to Nepal Rastra Bank, registration of LCs reduced by 20 percent as of mid-February. This has also affected revenue collection from the customs points.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Data show that goods worth Rs 6 billion were imported in Nepal through LCs opened at 27 commercial banks within the last three months. The import of goods through LCs during the corresponding period of last year was worth Rs 12 billion.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Analysts say the effects of reduction in the number of LCs will be seen six months later when there will be a decline in import of goods. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">However, LCs are not the only medium through which businessmen make payment for goods imported from China.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The halt in import of goods from China has affected the income of banks, informed Himlal Poudel, spokesperson of Agriculture Development Bank.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">“Payment through LCs has stopped due to a halt in import. Coronavirus has affected economic activities, which finally affects the banking sector,” said Poudel.</span></span></p>
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<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">According to Nepal Rastra Bank, registration of LCs reduced by 20 percent as of mid-February. This has also affected revenue collection from the customs points.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Data show that goods worth Rs 6 billion were imported in Nepal through LCs opened at 27 commercial banks within the last three months. The import of goods through LCs during the corresponding period of last year was worth Rs 12 billion.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Analysts say the effects of reduction in the number of LCs will be seen six months later when there will be a decline in import of goods. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">However, LCs are not the only medium through which businessmen make payment for goods imported from China.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The halt in import of goods from China has affected the income of banks, informed Himlal Poudel, spokesperson of Agriculture Development Bank.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">“Payment through LCs has stopped due to a halt in import. Coronavirus has affected economic activities, which finally affects the banking sector,” said Poudel.</span></span></p>
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include - APP/View/Articles/view.ctp, line 115
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 116]
//find the group of logged user
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$viewFile = '/var/www/html/newbusinessage.com/app/View/Articles/view.ctp'
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<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">According to Nepal Rastra Bank, registration of LCs reduced by 20 percent as of mid-February. This has also affected revenue collection from the customs points.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Data show that goods worth Rs 6 billion were imported in Nepal through LCs opened at 27 commercial banks within the last three months. The import of goods through LCs during the corresponding period of last year was worth Rs 12 billion.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Analysts say the effects of reduction in the number of LCs will be seen six months later when there will be a decline in import of goods. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">However, LCs are not the only medium through which businessmen make payment for goods imported from China.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The halt in import of goods from China has affected the income of banks, informed Himlal Poudel, spokesperson of Agriculture Development Bank.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">“Payment through LCs has stopped due to a halt in import. Coronavirus has affected economic activities, which finally affects the banking sector,” said Poudel.</span></span></p>
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<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">According to Nepal Rastra Bank, registration of LCs reduced by 20 percent as of mid-February. This has also affected revenue collection from the customs points.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Data show that goods worth Rs 6 billion were imported in Nepal through LCs opened at 27 commercial banks within the last three months. The import of goods through LCs during the corresponding period of last year was worth Rs 12 billion.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Analysts say the effects of reduction in the number of LCs will be seen six months later when there will be a decline in import of goods. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">However, LCs are not the only medium through which businessmen make payment for goods imported from China.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The halt in import of goods from China has affected the income of banks, informed Himlal Poudel, spokesperson of Agriculture Development Bank.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">“Payment through LCs has stopped due to a halt in import. Coronavirus has affected economic activities, which finally affects the banking sector,” said Poudel.</span></span></p>
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<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">According to Nepal Rastra Bank, registration of LCs reduced by 20 percent as of mid-February. This has also affected revenue collection from the customs points.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Data show that goods worth Rs 6 billion were imported in Nepal through LCs opened at 27 commercial banks within the last three months. The import of goods through LCs during the corresponding period of last year was worth Rs 12 billion.</span></span></p>
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<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">However, LCs are not the only medium through which businessmen make payment for goods imported from China.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The halt in import of goods from China has affected the income of banks, informed Himlal Poudel, spokesperson of Agriculture Development Bank.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">“Payment through LCs has stopped due to a halt in import. Coronavirus has affected economic activities, which finally affects the banking sector,” said Poudel.</span></span></p>
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<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">According to Nepal Rastra Bank, registration of LCs reduced by 20 percent as of mid-February. This has also affected revenue collection from the customs points.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Data show that goods worth Rs 6 billion were imported in Nepal through LCs opened at 27 commercial banks within the last three months. The import of goods through LCs during the corresponding period of last year was worth Rs 12 billion.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Analysts say the effects of reduction in the number of LCs will be seen six months later when there will be a decline in import of goods. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">However, LCs are not the only medium through which businessmen make payment for goods imported from China.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The halt in import of goods from China has affected the income of banks, informed Himlal Poudel, spokesperson of Agriculture Development Bank.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">“Payment through LCs has stopped due to a halt in import. Coronavirus has affected economic activities, which finally affects the banking sector,” said Poudel.</span></span></p>
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March 8: The halt in import of goods from China following the coronavirus (COVID-19) outbreak has resulted in a decline in number of customers opening Letter of Credit (LC) at commercial banks.
According to Nepal Rastra Bank, registration of LCs reduced by 20 percent as of mid-February. This has also affected revenue collection from the customs points.
Data show that goods worth Rs 6 billion were imported in Nepal through LCs opened at 27 commercial banks within the last three months. The import of goods through LCs during the corresponding period of last year was worth Rs 12 billion.
Analysts say the effects of reduction in the number of LCs will be seen six months later when there will be a decline in import of goods.
However, LCs are not the only medium through which businessmen make payment for goods imported from China.
The halt in import of goods from China has affected the income of banks, informed Himlal Poudel, spokesperson of Agriculture Development Bank.
“Payment through LCs has stopped due to a halt in import. Coronavirus has affected economic activities, which finally affects the banking sector,” said Poudel.
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<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">According to Nepal Rastra Bank, registration of LCs reduced by 20 percent as of mid-February. This has also affected revenue collection from the customs points.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Data show that goods worth Rs 6 billion were imported in Nepal through LCs opened at 27 commercial banks within the last three months. The import of goods through LCs during the corresponding period of last year was worth Rs 12 billion.</span></span></p>
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<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">According to Nepal Rastra Bank, registration of LCs reduced by 20 percent as of mid-February. This has also affected revenue collection from the customs points.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Data show that goods worth Rs 6 billion were imported in Nepal through LCs opened at 27 commercial banks within the last three months. The import of goods through LCs during the corresponding period of last year was worth Rs 12 billion.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Analysts say the effects of reduction in the number of LCs will be seen six months later when there will be a decline in import of goods. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">However, LCs are not the only medium through which businessmen make payment for goods imported from China.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The halt in import of goods from China has affected the income of banks, informed Himlal Poudel, spokesperson of Agriculture Development Bank.</span></span></p>
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<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">According to Nepal Rastra Bank, registration of LCs reduced by 20 percent as of mid-February. This has also affected revenue collection from the customs points.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Data show that goods worth Rs 6 billion were imported in Nepal through LCs opened at 27 commercial banks within the last three months. The import of goods through LCs during the corresponding period of last year was worth Rs 12 billion.</span></span></p>
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<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Data show that goods worth Rs 6 billion were imported in Nepal through LCs opened at 27 commercial banks within the last three months. The import of goods through LCs during the corresponding period of last year was worth Rs 12 billion.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Analysts say the effects of reduction in the number of LCs will be seen six months later when there will be a decline in import of goods. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">However, LCs are not the only medium through which businessmen make payment for goods imported from China.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The halt in import of goods from China has affected the income of banks, informed Himlal Poudel, spokesperson of Agriculture Development Bank.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">“Payment through LCs has stopped due to a halt in import. Coronavirus has affected economic activities, which finally affects the banking sector,” said Poudel.</span></span></p>
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include - APP/View/Elements/side_bar.ctp, line 60
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View::_renderElement() - CORE/Cake/View/View.php, line 1224
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include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
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file not found!
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'summary' => 'March 8: The halt in import of goods from China following the coronavirus (COVID-19) outbreak has resulted in a decline in number of customers opening Letter of Credit (LC) at commercial banks.',
'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">March 8: The halt in import of goods from China following the coronavirus (COVID-19) outbreak has resulted in a decline in number of customers opening Letter of Credit (LC) at commercial banks.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">According to Nepal Rastra Bank, registration of LCs reduced by 20 percent as of mid-February. This has also affected revenue collection from the customs points.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Data show that goods worth Rs 6 billion were imported in Nepal through LCs opened at 27 commercial banks within the last three months. The import of goods through LCs during the corresponding period of last year was worth Rs 12 billion.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Analysts say the effects of reduction in the number of LCs will be seen six months later when there will be a decline in import of goods. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">However, LCs are not the only medium through which businessmen make payment for goods imported from China.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The halt in import of goods from China has affected the income of banks, informed Himlal Poudel, spokesperson of Agriculture Development Bank.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">“Payment through LCs has stopped due to a halt in import. Coronavirus has affected economic activities, which finally affects the banking sector,” said Poudel.</span></span></p>
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<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">According to Nepal Rastra Bank, registration of LCs reduced by 20 percent as of mid-February. This has also affected revenue collection from the customs points.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Data show that goods worth Rs 6 billion were imported in Nepal through LCs opened at 27 commercial banks within the last three months. The import of goods through LCs during the corresponding period of last year was worth Rs 12 billion.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Analysts say the effects of reduction in the number of LCs will be seen six months later when there will be a decline in import of goods. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">However, LCs are not the only medium through which businessmen make payment for goods imported from China.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The halt in import of goods from China has affected the income of banks, informed Himlal Poudel, spokesperson of Agriculture Development Bank.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">“Payment through LCs has stopped due to a halt in import. Coronavirus has affected economic activities, which finally affects the banking sector,” said Poudel.</span></span></p>
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include - APP/View/Elements/side_bar.ctp, line 133
View::_evaluate() - CORE/Cake/View/View.php, line 971
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View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
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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 "" [APP/View/Elements/side_bar.ctp, line 133]
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<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">According to Nepal Rastra Bank, registration of LCs reduced by 20 percent as of mid-February. This has also affected revenue collection from the customs points.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Data show that goods worth Rs 6 billion were imported in Nepal through LCs opened at 27 commercial banks within the last three months. The import of goods through LCs during the corresponding period of last year was worth Rs 12 billion.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Analysts say the effects of reduction in the number of LCs will be seen six months later when there will be a decline in import of goods. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">However, LCs are not the only medium through which businessmen make payment for goods imported from China.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The halt in import of goods from China has affected the income of banks, informed Himlal Poudel, spokesperson of Agriculture Development Bank.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">“Payment through LCs has stopped due to a halt in import. Coronavirus has affected economic activities, which finally affects the banking sector,” said Poudel.</span></span></p>
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<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">According to Nepal Rastra Bank, registration of LCs reduced by 20 percent as of mid-February. This has also affected revenue collection from the customs points.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Data show that goods worth Rs 6 billion were imported in Nepal through LCs opened at 27 commercial banks within the last three months. The import of goods through LCs during the corresponding period of last year was worth Rs 12 billion.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Analysts say the effects of reduction in the number of LCs will be seen six months later when there will be a decline in import of goods. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">However, LCs are not the only medium through which businessmen make payment for goods imported from China.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The halt in import of goods from China has affected the income of banks, informed Himlal Poudel, spokesperson of Agriculture Development Bank.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">“Payment through LCs has stopped due to a halt in import. Coronavirus has affected economic activities, which finally affects the banking sector,” said Poudel.</span></span></p>
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simplexml_load_file - [internal], line ??
include - APP/View/Elements/side_bar.ctp, line 133
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
