New Business Age


	Uncovering Nepali Consumers! A recent survey by Nepal Rastra Bank has shed new lights on the profiles of Nepali consumers in rural and urban market centres. According to the survey conducted between mid-November 2005 and mid-November 2006 covering 48 rural and urban market centres across the country, the modal household has 5-6 members (representing 35.4 percent of all Households) and it is followed by a 3-4 member household representing 32.4 percent. Therefore, more than two-third of the households interviewed in the survey comprised of 3 to 6 members. The poorest households have, as usual, the larger family size (more than six members) while the richest households have a size of 4.41 members. In the rural areas, the average household size is 5.49 while it is 5.21 in urban areas. The data collected from 5095 households cover almost all the major markets of the country including the district headquarters where there is a significant market. Thus, the present survey is wider in scope than the previous surveys, in which, the data were collected from the urban centres only. read more>>

PERSONALITY
Ashoke SJB Rana

It might look like inheritance has put success under his feet but Ashoke SJB Rana, CEO of Himalayan Bank Ltd., virtually started from the scratch. After spending an extensive period overseas (almost twenty five years of his life) and despite receiving education from the institutions where the wealthiest of the world went to, he undertook his first job at Nepal Arab Bank Ltd. as a credit analyst.

Interview

“Thai is trying for fifth & sixth freedom in Nepal”

Prasert Tanhansa, General Manager of Thai Airways International Public Company Limited for Nepal and Bhutan, has some ambitious plans to increase connectivity between Kathmandu and Bangkok. He talked about the strategies behind adding three more flights between the same route and his impressions about Nepal and suggestions for 'Visit Nepal 2011' campaign.

Political

Fears of January

Some important steps on the right direction were taken during the first m onth of 2009. But uncertainties about the future is still there.

In early January, there were fears of religious disputes erupting in the country in which even foreign countries showed their deep concern. But that situation was diffused in time by Prime Minister Dahal who revoked his controversial decision to appoint Nepali priests at Pashupatinath temple in place of Indian priests.

CORPORATE FOCUS
UIC on growth wheels

United Insurance Company (UIC) came across a host of problems during its operational history of more than 15 years. There was even a time when the Insurance Board had deemed UIC an inefficient institution filled with managerial malpractices. Sunil Devkota, who now serves as its General Manager, had himself led a team that conducted an onsite inspection of UIC on behalf of the Insurance Board during the fiscal year 2057/58 BS.

MANAGEMENT
The Mellon Approach

An alternative to Government Managed Companies - By Sujit Mundul

The international banking community has been dealing with a burgeoning portfolio of loans that has not been properly serviced by its clientele. These loans, mainly relating to business and realty sectors, have been defined as nonperforming loans. These loans should have been classified as non-performing loans but in practice most of them as performing loans, mostly with direct governmental assistance.

Beginning Your Journey to Greatness

By Manohar Man Shrestha

One thing that great managers, businessmen and men or women of high success have in common is that they are usually calm and stress-free even in dire situations while the others would break down. Their outer appearance draws us into imagination of ‘how can I be like that?’ Here, we investigate how these great people do it: Manage pressure and develop their personality.