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- Epaper
kathmandupost
Temperature: Max: 29.3°c Min: 21.5°c
the
capital edition
l
kathmandupost.ekantipur.com
printed simultaneously in kathmandu, biratnagar, bharatpur and nepalgunj
Stand Price rs 5.00
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page 12
money
Unilever workers
end 28-day strike
News
world
sports
After Oli’s ouster, eyes
now trained on
Delhi-UML relations
Win for generals as Thais
vote for junta constitution
Three world records tumble
on first day in Rio pool
Medals Tally
PM unlikely to have
bigger Cabinet soon
serpent shrine
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Monday,August 8, 2016 (24-o4-2073)
N E PA L’ S L A R G E S T S E L L I N G E N G L I S H D A I LY
Vol XXIV No 172 | 12+4 Pages
RankCountry
1 Australia
2 Hungary
3 USA
4 China
5 SKorea
5 Russia
7 Japan
8 Argentina
8 Belgium
8 Thailand
9 Vietnam
Coldest: Jumla: 16.2°c Hottest: Bhairahawa: 36.8°c
Total
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TIKA R PRADHAN
Congress is struggling to
finalise list of ministers,
Maoists are divided over
the selection of ministers,
RPP unification is likely to
see the party bargain for
more berths and Madhesi
Morcha awaits constitution
amendment proposal
Kathmandu, Aug 7
Despite a sense of urgency in
Prime
Minister
Pushpa
Kamal Dahal to get Cabinet
appointments in place, things
are not looking good as a
series of complications are
likely to delay the swearing-in
of new ministers.
* Standings as of 10:30 pm, Sunday
Chinese think
tank members
arrive today
see editorial
Post Report
The PM’s main coalition
partner Nepali Congress is
struggling to finalise the list
of ministers, Dahal’s own
party is divided over the selection of ministers, the Rastriya
Prajatantra Party’s unification bid with the RPP-Nepal is
likely to see the party bargain
for more berths and the
Madhesi Morcha is in a waitand-see mode until the registration of the constitution
amendment proposal in
Parliament.
Two NC factions are
engaged in a leadership battle
of the Nepal Students’ Union,
one of the most powerful sister organisations of the party
whose national convention
started in the Capital on
Kathmandu, Aug 7
A five-member delegation of
the China Institutes of
Contemporary International
Relations, a think tank under
China’s State Council, led by
its President Dr Ji Zhiye is
scheduled to arrive in
Kathmandu on Monday. The
CICIR delegation will be on a
four-day Nepal visit at the
invitation of its counterpart
China Study Center-Nepal.
The visit aims for academic
and policy exchanges to deepen understanding between the
two countries. Other delegates
include Director of Institute
of South and South East
Asian
Studies
Dr
Hu
Shisheng;
Han
Liqun,
researcher at the Institute of
World Politics and Wang
Haixia of Institute of South
and South East Asian Studies.
n
PM Pushpa Kamal Dahal
n
DPM Nidhi
n
DPM Mahara
Sunday after the gap of a decade. Even when the convention is over, the two factions
are unlikely to easily decide
on the candidates to represent
the party in the government.
PM Dahal’s personal secretary Ramesh Malla admitted
n
Lekhak
n
Chaudhary
that the NSU’s general convention and the PM’s attempt
to take the agitating Madhesi
and Janajati forces on board
were the two major reasons
behind the delay in Cabinet
expansion despite the PM’s
desire “to get it done at the
n
Shripaili
earliest”.
The Prime Minister’s Office
has already sent a letter to the
RPP, urging the party to send
the names of two ministers
even as the ministries have
not been decided.
>> Continued on page 4
n A devotee offers milk on the statue of Naag (serpent deity) during the Naag Panchami Festival at
Naagpokhari in the Capital on Sunday. Post pHOTO: SANJOG MANANDHAR
rpp, rpp-nepal announce merger
A two-page special
coverage on careers
and branding with
today's edition
Oh, the times!
By Abin
For a countdown to a Congress
PM! You are requested to have it
beside your table!
Two right-wing parties to
unite to revive Hindu state
Binod Ghimire
KATHMANDU, AUG 7
After months-long negotiations, two right-wing forces—
Rastriya Prajatantra PartyNepal and the RPP—are set to
become one after the latter
agreed to its abandoned agenda of reinstating Nepal as a
Hindu state.
Following their unification
scheduled for Tuesday, the
new party will have a combined 37 seats in Parliament,
with a 6.35 percent share of
the lawmakers.
In the second Constituent
Assembly election in 2013, the
two parties had got 9.4 percent
votes—6.66 percent by the
RPP-Nepal and 2.74 percent by
the RPP—from 9.46 million
votes cast under the proportional representation system.
The RPP-N has been advo-
Following their unification
scheduled for Tuesday,
the new party will have
a combined 37 seats
in Parliament
cating the reinstatement of
monarchy and Hindu state
while speaking against federalism. “We have arrived at the
same point on Hindu state but
we still have differences over
monarchy and federalism,”
said RPP General Secretary
Buddhiman Tamang. “The
general convention to be held
by mid-April next year will
decide on the issues.”
The two sides remain divided over joining the government led by CPN (Maoist
Centre) Chairman Pushpa
Kamal Dahal. The RPP voted
for Dahal and the RPP-N
against him.
Tamang said a joint meeting of the party’s working
committee to be held within
15 days of the merger would
take a decision whether or not
to join the government.
“The merger is out of our
realisation that there is still
the need for a nationalist democratic party with a right-ofthe-centre philosophy,” said
Mohan Shrestha, deputy
spokesperson for the RPP-N.
According to the merger
agreement, RPP-N chief
Kamal Thapa will chair the
new
party
while
RPP
Chair man
Pashupati
Shumsher Rana will be
named the second-in-command, National Chairman, of
the new outfit.
>> Continued on page 4
religions don’t divide
Muslim brothers build Hindu temple
SHANKAR ACHARYA
PARSA, AUG 7
In a rare example of religious harmony, two Muslim
brothers have constructed a
Hindu temple in Birgunj-26,
Parsa.
Dr Jainuddin Ansari and
his brother Basaruddin
Ansari constructed the
Rameshwor Mahadev
Temple at Prasaunibirta at a
cost of Rs4.8 million.
The villagers mounted the
Ansari brothers on an elephant during a Kalash Yatra
(holy march) on Sunday. A
formal inauguration of the
temple is scheduled for
Monday. “I feel the happiest
in my life today. Lord Shiva
chose us to build his abode,”
said Dr Jainuddin. Pointing
to a huge number of local
Muslims in the procession,
he said, “Castes and religions are created by humans
but all the people are one
family of god.”
Jainuddin is the chairman of the Birgunj-based
National Medical College
while brother Basaruddin is
its managing director. The
duo also donated Rs3.5 million to build a mosque, a
prayer yard and a graveyard
in the village last year.
They had expressed their
desire to build a Hindu temple but some people in the
community had refused
their proposal saying that
n Ansari brothers taken around
on an elephant during a Kalash
Yatra on Sunday. Post photo
they would not accept a
shrine constructed by
Muslims.
“We happily agreed to
build the temple as locals
and the temple management
committee approached us,”
said Basaruddin.
“People active in politics
don’t know how strong
brotherhood the Hindus and
Muslims can have.”
The villagers had been
looking for funds to build
the temple for two decades.
“This is a common temple
of Hindus and Muslims. We
[villagers] are indebted to
the Ansari brothers for their
help,” said Jagarnath
Mahato, the temple management committee chairman.
C M Y K
thekathmandu post 02
news
Monday, August 8, 2016
SC: halt Kalanki,
Nagdhunga
road expansion
Rastriya Samachar Samiti
Kathmandu, Aug 7
The Supreme Court has
issued an interim order to
halt the expansion of KalankiNagdhunga road, saying it
would cause a huge loss to the
people in vicinity if the road
section was broadened.
The writ had stated
that a total of 47 houses
would be completely
damaged in course of the
road expansion
n
A division bench of Justices
Kedar Prasad Chalise and Dr
Ananda Mohan Bhattarai on
Sunday issued the order in
this regard, said JointSpokesperson at the SC,
Bishwo Raj Poudel.
On February 23 this year, a
total of 47 locals, including
Sanu Shrestha, who could be
badly affected with the road
expansion, had filed a writ
petition at the SC, making the
Office of the Prime Minister
and Council of Minister
defendant. The writ had stated that a total of 47 houses
would be completely damaged
in course of the road expansion, demanding its immediate halt.
news digest
Class 12 Science,
Sanskrit
results out
KATHMANDU: National
Examination Board on
Sunday announced Class
12 results of Science and
Sanskrit faculties.
Examination Controller
Santosh Aryal said 73.77
percent students under
regular category have
passed their examination. Out of 40,603 examinees who appeared in the
test, 28,952 have passed,
he informed. Last year,
71.65 percent examinees
had passed class 12
exams under the categories. Likewise, under
exempted category, 45.13
percent students of
Science and Sanskrit
have made it through.
Out of 9,081 examinees,
4,414 students have
passed. The success rate
in the exempted category
stood at 44 percent last
year. (PR)
Women Alliance
hails CJ Karki’s
appointment
KATHMANDU: Women
right organisations have
hailed appointment of
first female Chief Justice
and two female justices
in the Supreme Court,
saying that it has given
them hopes of upholding
justice. In a statement,
Sankalpa, a formal alliance of non-government
organisations working in
the field of women’s
right issues, congratulated Sushila Karki for
becoming the country’s
first female chief justice.
It has also commended
the government for
appointing two female
justices Meera Khadka
and Sapana Pradhan
Malla in the country’s
top court. (PR)
Nepali Congress President Sher Bahadur Deuba (centre) with other party leaders during the inauguration of the 11th General Convention of the Nepal Student Union at Brikutimandap in Kathmandu on Sunday. Post Photo: Shaligram Tiwari
NSU conclave begins after a decade
Sarin Ghimire
Kathmandu, Aug 7
Despite some complications
in selecting representatives
from some districts, the Nepal
Student Union inaugurated
its 11th General Convention
amid a ceremony in the
Capital on Sunday.
The three-day jamboree of
the Nepali Congress’s student
wing is being held at
Bhrikutimandap after almost
a decade-long hiatus. This is
the first NSU convention since
the unification of the NC faction led by Sher Bahadur
Deuba with the mother party
in 2007.
Speaking on the occasion,
NC central committee member Prakash Sharan Mahat
urged all student representa-
tives to work towards making
the convention a success
by voting for their choice of
leaders.
“It is true that there are
some disagreements regarding representatives, some districts still have not chosen
their representatives due to
dispute. There is a tremendously high number of aspirants since the NSU has not
been able to hold their polls
for almost a decade,” he said.
“However, despite all the complications, let us all unite to
elect a new student union
committee. We may not have
the most perfect of conventions, but we can always
improve.”
Following the mother party’s general convention in
March, newly-elected NC
President Deuba had pledged
to conduct polls of all sister
organisations within the following six months. The party
had also formed a panel under
Mahat to ensure that the convention was held within the
stipulated time.
Another central committee
member Gagan Thapa, also
the former NSU general secretary, was nostalgic of the time
he had been engaged in student politics. “It gives me
immense pleasure to say that I
was once an integral part of
the NSU,” said Thapa.
The NSU has not been able
to elect representatives from
11 out of the 75 districts due to
the dispute. A faction led by
Kundan Kafle has been on a
relay hunger strike at the party’s headquarters in Sanepa
since last week, urging the
party leadership to postpone
the polls. They claim a “majority of the elected representatives were not students.”
Kshitiz Bhandari, Manoj
Acharya, Nain Singh Mahar,
Jit Jung Basnet, Shuvaram
Basnet, Kundan Kafle and
Deepak Bhattarai, among others, have announced their
candidacy for presidency.
Smuggling surges in Impeachment motion ‘irrelevant’
Greece as migrant
frustrations grow
POST REPORT
KATHMANDU, AUG 7
n An Afghan family eats breakfast in a park, at the northern Greek city
of Thessaloniki, on Saturday. ap
Associated Press
IDOMENI (Greece), Aug 7
With Turkey in crisis and
Europe’s borders closed,
smugglers in northern Greece
are expecting a profitable
summer.
Greek police say traffickers
are using increasingly sophisticated methods—motorcycle
spotters, maps of border surveillance “blind spots,” and
even police informants—to
move out refugees who have
been stuck in this Greek border town for months.
Higher smuggling fees and
steadily worsening odds of
success have done little to
dent the determination of
migrants like Sorah Rahimi.
The 22-year-old psychology
student
traveled
from
Afghanistan with his mother
who is in poor health—and is
an ideal target for smuggling
rings that are re-emerging in
the region. He agreed to pay
traffickers 2,500 euros ($2,750)
to travel from Greece’s northern border with Macedonia to
Sweden, but only made it a
few miles before being spotted
by police and turned back.
“We need to get to Sweden.
Our whole family is there. We
no longer have anything in
Afghanistan,” Rahimi told the
AP before being taken to a
migrant shelter in northern
Greece.
Tens of thousands of
migrants have been stuck on
their journey north across
Europe. Governments across
the continent slammed their
borders shut in March to
avoid a repeat of the mass
migration in 2015, when more
than a million refugees and
migrants arrived, triggering a
string of political upheavals.
The trip north has become
increasingly
risky
and
time-consuming.
Rahimi
spent three months at the port
of Piraeus, near Athens,
before traveling north by
train. Last month’s attempted
coup in Turkey, followed by a
draconian government crackdown there on perceived government opponents , has
added to the uncertainty.
Traffickers in Greece have
re-appeared in greater numbers since the government
cleared a massive makeshift
camp at Idomeni on the GreekMacedonian border in late
May, according to officials
from the country’s border
guard, national police and
security division interviewed
by the AP.
In a recent operation, police
arrested 29 alleged members
of two trafficking rings in
northern Greece. One gang
had received information
from a Greek police officer on
gaps in the night vision camera network on the GreekTurkish border.
Police said the smugglers
brought some 600 migrants
into Greece from Turkey over
several months and helped
them reach other countries,
using a fleet of taxis, scout
vehicles, prepaid “burner”
cellphones, and a system of
code words that included:
“dogs” for police, “garbage
trucks” for police cars, and
“cement blocks,” ‘’fish,” or
“kebabs” when referring to
the migrants themselves.
Other suspects were from
Syria, Iraq, Armenia, Albania
and Kazakhstan.
Five police officers have
also
been
arrested
in
Macedonia, accused of helping smugglers north of the
Greek border.
In Greece alone, more than
57,000 migrants are stranded,
most staying at about 60 government-run camps around
the country. The European
Union’s law enforcement
agency Europol analysed data
from anti-smuggling operations over the first six months
of 2016.
Lawmakers have urged stakeholders to stop propagating
misleading information about
the impeachment proposal
against Commission for
Investigation of Abuse of
Authority
(CIAA)
chief
Lokman Singh Karki.
Leaders have clarified that
the proposal was actually a
motion of public importance
filed at Parliament to draw the
attention of the House to save
the life of Dr Govind KC, who
was on hunger strike, demanding primarily reforms in the
medical sector.
Leaders of the ruling party
CPN (Maoist Centre), the
Leaders have clarified that the proposal was actually
a motion of public importance filed at Parliament to draw
the attention of the House to save the life of Dr Govind KC
CPN-UML
and
the
Sadbhawana Party said that
the proposal would not lead
the issue to the impeachment
motion. “The proposal became
irrelevant ipso facto the
moment Dr KC broke his
fast,” said Ram Narayan
Bidari, a Maoist Centre lawmaker, who is also an advocate.
Bidari also urged the stakeholders to stop spreading misleading information about the
proposal. “It is just a cheap
propaganda,” he said. “It has
already become irrelevant
legally, politically and constitutionally.”
On July 21, Nepali Congress
leader Gagan Thapa had submitted the proposal of public
importance at the House,
which was seconded by NC
lawmaker Dhanraj Gurung
and Maoist Centre lawmaker
Shyam Shrestha, to discuss on
the demand of Dr KC, of
which was also an impeachment of Karki. Supporters of
Dr KC have been demanding
an impeachment against
Karki be tabled in Parliament.
Speaking at a programme
in the Capital on Sunday, CPNUML lawmaker Banshidhar
Mishra echoed Bidari. He said
the demand for impeachment
was baseless and ill-intended.
“The propaganda is aimed at
bringing the constitutional
body into controversy, which
is unethical as well.”
Sadbhawana Party Co-chair
Laxman Lal Karna said the
demand for impeachment
should not be hyped. “This is
not an impeachment motion,”
he said.
“There is a parliamentary
committee to discuss the
jurisdiction of constitutional
bodies. Lets not fall for
propaganda.”
clear instructions
n
Prime Minister Pushpa Kamal Dahal speaking to secretaries during a meeting at his office in Singha Durbar on Sunday.
Post Photo:nimesh jang rai
drug violence
Acapulco’s surfers seek to escape crime wave
Agence France-Presse
ACAPULCO (Mexico), Aug 7
Luis Rey Hernandez feels safe
and happy when he’s on his surfboard, riding waves off the
shores of Acapulco.
But when he’s not inside the
barrel of a wave, the 17-year-old
surfer has to navigate the rough
streets of the resort city on
Mexico’s Pacific coast.
Luis Rey, a rising star who
became national champion in the
under-18 category in June and is
known as “The King,” has heard
shootouts. He once saw a body
lying on the street.
“The violence in Acapulco is
very bad. The government, the
president—they do nothing.
We’re going down the wrong path
because we hear gunshots, (we
see) dead people,” Luis Rey said
as he stood with his surfboard on
the sandy Revolcadero beach
after catching some waves.
“You’re always afraid to leave
your house,” said the fit teenager,
whose black hair has reddish
locks from sun exposure.
“At sea, I’m not afraid. I feel
happy there.”
Acapulco is famous for its cliff
divers, who wow visitors with
daring drops into the ocean.
But surfing has gained popularity among youths in neighborhoods worn down by poverty and
merciless drug violence that have
turned the city into Mexico’s
murder capital.
Javier Hernandez Castanon,
the 58-year-old president of the
Guerrero State Surfing
Association, said “gringos”
brought the sport to Acapulco in
the 1960s, at a time when the city
was popular among Hollywood
stars.
“Since we didn’t have surfboards, we started surfing on car
(tire) inner tubes, and then on
wood trunks. The boards began
to arrive in the 1970s,” said
Hernandez, who is known as “La
n Ernesto Trujillo “La Micha” repairs a surfboard at his workshop in Acapulco, in
the Mexican state of Guerrero. afp/rss
Charra” and is Luis Rey’s uncle.
The surf association had 50
registered members in Acapulco
in the 1960s, growing to more
than 200 in the 1990s and over 700
today.
But the veteran surfer said the
crime wave “affects surfing
because violence is unfortunately
attracting every youth.”
“We need support to attract
young people to surf, something
different,” Hernandez said.
Three of his four children
migrated to Chicago 12 years ago
after they were threatened by a
gang demanding a tax on their
beach gear rental business.
Two cartels are fighting over
local drug sales in the city. More
than 1,300 people have been murdered since 2015, including three
on the beach this year.
Jose Manuel Trujillo, a local
star known as “Yuco,” said that
without surfing, he may have
been dragged into the gang
underworld like some of his
friends in his district of Tres
Palos. Three of his friends were
killed in their teens. “They are
young people who lack education
and poverty takes them down
that path, the easiest one,” said
Trujillo, 29. “Thanks to surfing, I
stayed away from that path.”
Wearing a hat from his sponsor, energy drink maker Monster,
and sporting a smile dotted with
braces, Trujillo now tours the
world, sells his own T-shirt brand
on the beach or the internet, and
even got a role in the Hollywood
shark thriller “The Shallows”
starring Blake Lively.
“Yuco” and “The King,” who is
his brother-in-law, participated at
the Vans Surf Open Acapulco
competition in mid-July, an international event that attracted
some 100 surfers from around the
world. But event director Gustavo
Duccini said some surfers stayed
away after the US State
Department issued a travel warning in April that barred US government employees from visiting
the city.
“It’s exaggerated but it has
repercussions,” said Duccini.
Luis Rey finished second in the
junior category behind Oaxaca
state’s Jhony Corzo at the competition. The Mexican Surfing
Federation calls them “the two
best youths in the country.”
Luis Rey wants to surf his way
out of town. “I’d like to live in
another country that’s calmer,
where one can go out for a walk,”
said Luis Rey, who has surfed
since age nine. “There are good
waves in Hawaii. There’s almost
no violence.”
While he’s sponsored by Vans,
the skater shoe company, getting
money to compete abroad is still
a struggle for a teenager whose
father earns a living by renting
out a jetski and other gear at the
beach.
Other budding and accomplished surfers from Acapulco
face similar financial hurdles. A
child’s surfboard can cost at least
$240 at a local shop. Despite the
costs, the family of Gaciel Garcia,
a sturdy 10-year-old boy, backs his
dream of going pro.
His father, Leonel, helped him
ride his first waves at age four,
holding the board to launch his
son. Gaciel now spends four
hours a day in the water after
school and homework.
His father whistles from the
beach to point out waves and
moves his hand up and down to
encourage his son to use a bouncing technique to gain speed.
C M Y K
03
thekathmandu post
news
Monday, August 8, 2016
Morcha for
Giving martyr
status to Indian
national killed
in Protest
bringing it under control
POST REPORT
KATHMANDU, AUG 7
n A firefighter doues fire that broke out in a four-storey building at Narsimha Chowk in Thamel,
Kathmandu on Sunday. One person was injured in the fire, said DSP Somendra Singh Rathor, chief
of the Metropolitan Police Circle Sorhakhutte. An electrical short-circuit is believed to have triggered
the fire. Post Photo: angad dhakal
The Samyukta Loktantrik
Madhesi Morcha, an alliance
of seven Madhes-based parties, has demanded a martyr
status to an Indian national
killed in the Madhes Andolan
like all other who died during
the five-month protest against
the government last year.
Nineteen-year-old Aashish
Ram aka Sonu, a resident of
Raxaul, Bihar, died in police
firing during a clash that
erupted while the security
forces were trying to clear the
Birgunj-Raxaul entry point
obstructed by Morcha cadres
in November last year.
Morcha leaders said that
Ram’s name would also be
included on the list of the
deceased protesters who are
yet to get compensation from
the government.
“We have been telling it
from the beginning that all of
those who died during the
Madhes Andolan should be
given martyr status irrespective of caste, creed and nationality. Since he [Ram] died during the Andolan, he should
also get similar honour that
the government has agreed to
give other martyrs,” said
Sadbhawana Party Chairman
Rajendra Mahato.
The Morcha is preparing a
list of those killed and injured
during the protest after the
government requested the agitating parties to furnish
details of protesters yet to
receive
compensation.
Around Rs 152 million has
been provided to the families
of the deceased and protesters
injured during the protest,
Home Ministry said.
The government has so
far paid Rs 1 million in compensation to 41 families and
Rs 500,000 each to three
families of the deceased.
Similarly, the government
has so far provided medical
expenses to around 19
protesters.
After Oli’s ouster,
eyes now trained on
Delhi-UML relations
KAMAL DEV BHATTARAI
NEW DELHI, AUG 7
The ouster of the KP Sharma
Oli government in Kathmandu
triggered a flurry of celebratory headlines in Indian newspapers. Indian officials appear
happy to see the back of the
CPN-UML-led government
that had adopted a tough line
on the Madhesi issue and publicly protested New Delhi’s
perceived meddling into
Nepal’s internal affairs.
Now, all eyes are trained on
how relationship between
UML and New Delhi will
evolve.
“India is never against the
CPN-UML. But, Oli tried to
play China card against the
other country. He also damaged the relation with India,”
said BC Upreti, a member of
Eminent Persons Group, a
mechanism formed to review
bilateral relation.
Indian leaders and officials
maintain that even after the
strained relation due to the
blockade, they tried to maintain a cordial relation with
the UML and the Oli-led government.
Indian envoy meets UML chair
Kathmandu: Meanwhile,
Indian Ambassador to Nepal
Ranjit Rae reached out to
UML Chairman Oli on
Sunday for their first meeting since the latter resigned
as prime minister two weeks
ago.
According to UML public
relations secretary Bishnu
Rijal, the former PM Oli told
Rae that his party seeks cordial and friendly relations
with the neighbouring countries. He also said his party
would not accept India’s
undue interference into
Nepal’s internal issues.
“Chairman Oli stressed
The level of respect PM Oli
was extended during his visit
to India and invitation to
President
Bidhya
Devi
Bhandari, according to them,
were two instances of India’s
efforts to amed strained ties
with the UML government.
Sudhindra Bhadoria, an
Indian Socialist leader who is
closely following Nepal’s
n
KP Sharma Oli
that the concerned stakeholders should be mindful as
such interferences could further complicate internal politics,” read a statement
issued by Rijal. Oli had been
indirectly pointing towards
internal politics for three decades, said that the Indian government should continue its
engagement with the UML
and its leaders.
“Oli should retrospect the
policy he took in the past.
Similarly, Indian Ministry of
External Affairs should continue engagement with the
UML like other parties in
n
Ranjit Rae
India for the toppling of his
government. Responding to
the no-trust motion registered against his government at Parliament, Oli had
said that “conspiracies were
hatched in dark corners” (PR)
Nepal,” he said.
Oli had been perceived as a
UML leader close to India for
the last three decades. But
relations soured when he
became
prime
minister
after the promulgation of constitution. Indian politicians
and diplomats blame him
for creating ‘anti-Indian
sentiment.’
Secys told to ready plans in 3 days
POST REPORT
KATHMANDU, AUG 7
Prime
Minister
Pushpa
Kamal Dahal has asked the
government secretaries to
present their concrete plans
within three days.
In a meeting with the top
bureaucrats at the Prime
Minister’s Office on Sunday,
the PM instructed them to lay
out the priorities of their
respective ministries.
“I want result, and people
should be able to feel the
change,” he told the secretaries, urging them to present
their plans to the chief secretary. “We have limited time
but many challenges to meet.”
Dahal spelt out the priorities of his government as
implementation of the constitution by making it more
acceptable, reconstruction of
the structures damaged by the
earthquake, completion of the
peace process, good governance, and effective distribution of the state services.
He asked them not to
indulge in transfers, promotion, foreign visits, seminars
“Don’t
and
workshops.
become
process-oriented.
Rather, focus on the result,”
Dahal said in his first address
to the secretaries after being
elected the PM on Wednesday.
He has already announced
that he would not spend his
time inaugurating events.
In his address to over three
dozen secretaries, the PM said
people must not face difficulties at the international airport, the passport office and
costumes at a time when foreign jobs have been the surest
way of employment for 4 million Nepali youths.
The PM told them that
there would be no political
pressure from the government in their work, warning
them however that those who
cannot perform would face
action. In his written instruction to the secretaries, the PM
said that the government
attached top priority to holding three levels of election. He
said that all the families eligible for housing reconstruction
grants should get the first
tranche within 45 days.
Deputy Prime Minister and
Minister for Finance Krishna
Bahadur Mahara and Chief
Secretary Somlal Subedi also
addressed the meeting.
C M Y K
news digest
Flu patients
increase in Banke
BANKE: Around 700 flu
patients receive treatment at Nepalgunj
Medical College and
Teaching Hospital in
Banke on a daily basis.
The hospital used to see
around 300 flu cases on a
normal day, officials
said. The number of
patients has increased
dramatically because the
district witnessed several floods this monsoon.
Bheri Zonal Hospital is
also dealing with an
overwhelming number
of flu patients these
days. Around 400 flu
patients visit the hospital daily. (PR)
KU starts Chinese
language course
KAVRE: Kathmandu
University (KU) has
started a four-year
Chinese language course
at its School of
Education. Dean
Maheshnath Parajuli
said the bachelor’s
course in Chinese
Language Teaching was
started in partnership
with Confucius Institute
of China. Students will
have to study two years
in China. Currently, 30
students are enrolled in
the programme. (PR)
Two-headed
baby born
Rajbiraj: A woman has
given birth to a baby
with two heads at
Hanumannagar Health
Post in Saptari. Nududevi Yadav, 23, gave birth
to the double-headed
baby boy on Saturday.
Health officials said the
baby has underdeveloped
nose, ears and mouth on
one of heads, but the
eyes are normal. The
newborn was sent to
Dharan, Sunsari, for
treatment. (RSS)
Fundraiser for
flood victims
Chitwan: A group of
youths from Chitwan’s
Madi has launched a
fundraiser to support the
people affected by floods
in the district. Govinda
Neupane, one of the fund
organisers, said they
have already distributed
emergency supplies and
financial assistance to
five families. Each
family was given Rs
60,000 cash, clothes
and food as relief, he
added. (RSS)
thekathmandu post 04
news
Monday, August 8, 2016
How Palpa Hundreds of families at flood risk
is making
great strides
to keep kids
in school
Out-of-school children numbers
down to 604 from 9,200 in 2011
MADHAV ARYAL
PALPA, AUG 7
The District Education Office
has reported a significant
progress in school enrolment
in Palpa district in the
current academic session
with only 604 students left
out of the mainstream of
education.
Education officials in
the district attribute
the progress to successful
annual school enrolment
drive of last few years
The number is a huge drop
from 2011 when 9,200 students
were out of school.
According to District
Education Officer Mahendra
Subedi, the data collected
during this year’s admission
season showed that 19
students aged between 5 and
9 years are yet to join school.
Those aged 10-12 years
number 62 while 221 children
who are yet to get into school
are aged 13 to 16.
The number of students
dropping out after primary
school is 302. According to
officials, 29 of the 62 students
aged between 10 and 12 years
are receiving informal education. Informal classes are
being run in two places--Ram-
pur and Siluwa. This year, 583
students have joined Grade 1
and 47 new students got
admitted to Grade 3, taking
the total of third graders in
the district to 525.
Subedi credited the growth
to the annual school enrolment campaign.
As per the 2011 census, the
district has 79,555 children in
the age group 5-16 years. As
many as 73,555 of them attend
school. The data does not say
what 1,398 children do. It is
children mostly from poor
and illiterate families that are
deprived of education.
The DEO claims that the
census data is inaccurate.
Apart from children from
the Dalit communities in
remote areas, children of
Kumal, Bote parents and
those from some Magar communities have no access to
early childhood development
centres too. The centres,
which engage pre-school toddlers, have encouraged a large
number of children to join
school.
The DEO said measures
were in place to bring on
board children from poor families and those with physical
disabilities. “We are working
to retain the children who
have been brought to schools,”
added Subedi. The plan
entails building child-friendly
schools and regular interaction with guardians.
n An embankment built on the Karnali riverbank in Banke. People living near the Babai river in the district have demanded the authorities to build a similar embankment to
protect their settlements from flood. Post Photo
KAMAL PANTHI
ous erosion caused by Babai.
This year alone, the river
has eroded over 50 bighas of
land in Bankatti, Khailar and
Manpur villages.
Erosions have also taken
place
in
Kothiyagaun,
Pashuhat, Thapuwa and
Latkaniya. Dipu Chaudhary
of Gulariya-13 said the Babai
river is inching menacingly
close to these villages.
GULARIYA, AUG 7
Hundreds of families living
near Babai River in eastern
Bardiya are at high risk of
flood.
People
in
Bagnaha,
Baniyabhar,
Padnaha,
Sanoshree,
Taratal,
Mohammadpur and Gulariya
are in danger due to continu-
Forecast: Generally cloudy throughout
the country. Brief thundershowers likely
to occur at some places of the eastern
and western regions and at a few
places of the central region.
Max MIN Rainfall
Places
Temp (0C)Temp (0C)(mm)
Dadeldhura25.2 17.9 0.1
Dipayal - 24.6Dhangadi 33.4 27.020.4
Birendranagar32.2 23.9 11.7
Nepalgunj 34.526.53.6
Jumla 23.316.23.6
Dang 31.2 24.014.4
Pokhara 33.0 23.6Traces
Bhairahawa- 27.5 Simara 34.026.60.0
Kathmandu31.0 21.5 0.0
Okhaldhunga26.1 18.0 0.0
Taplejung 27.819.00.0
Dhankuta - 20.5Biratnagar33.825.60.0
Jomsom 23.0 13.50.0*
Dharan 32.7 26.40.0*
Source: Meteorological forecasting Division, Department of
Hydrology and Meteorology, Kathmandu
Ghimire said the project
would cost about Rs 19 million. Just like an embankent
built along the Karnali river
two years ago is protecting
the villagers of Banghushra,
Bankatti and Tihuni against
flood these days, building an
embankment along the Babai
river will protect hundreds
of families who live close to
river banks, he added.
Food price soars in Gulmi, Baglung
POST REPORT
GULMI, AUG 7
n
Flood-damaged road in Gulmi.
Floods and landslides at
Johang VDC-2 in Gulmi
have
obstructed
the
Rudrabeni-Bamitaksar
section of Gulmi-Baglung
road for the past 20 days.
According to Shantipur
Chamber of Commerce
and Industry, nearly 45
vehicles used the road
to transport daily essentials to 25 VDCs in Gulmi
and 20 VDCs in Baglung
on a daily basis.
The road obstruction
has led to hike in food prices in several parts of
Gulmi and Baglung. The
price hike has mostly
affected
Charkote,
Shantipur,
Majuwa,
Bhuwachidi
and
Bamitaksar in Gulmi. In
Baglung, Kharbang and
Dagatungdanda
have
been hit.
Lal Bahadur Thapa of
Shantipur
in
Gulmi
said the price of white
potato has reached Rs 65
from Rs 35.
With transportation at a
complete halt, he said,
local grocers are running
out of food stocks.
Jiban Mukhiya of
Rupakot said the road
obstruction has gone
unchecked,
and
the
authorities are sitting
idle.
Police said flood at
Badighat stream has swept
away nearly 250 meters of
the road, rendering it
Three drown,
one missing
KATHMANDU: Three persons died while one
went missing in separate drowning incidents in Bhojpur and
Nuwakot districts in
the past 24 hours. Man
Kumar Tamang, 13,
died while his friend
Subas Tamang, 14, went
missing as the flooded
Pikhuwa stream swept
them away in Bhojpur
on Friday. In Nuwakot,
Januka Mishra, 26, and
her
four-year-old
daughter died after
drowning
in
the
Tadikhola river at
Kabilas VDC-2. (PR)
impassable
even
by
foot. Traffic has come to a
complete halt.
Chief District Officer of
Gulmi Udaya Ranamagar
said efforts were underway to reopen the road.
Pyongyang Cafe, supporter of PM unlikely to have
Kim Jong-Un in Spanish coast bigger Cabinet soon
>> Continued from page 1
Agence France-Presse
RPP General Secretary
Buddhiman Tamang said the
Central Working Committee
of the unified party would
meet two weeks after merger
to take a decision about joining the government.
Tamang said the new force
would claim at least seven
ministries as the RPP with 12
seats got two ministries and
the RPP-N with 25 MPs had
five ministerial berths in the
KP Sharma Oli-led government.
Dahal has inducted five
ministers so far, including
Deputy Prime Ministers
Bimalendra
Nidhi
and
Krishna Bahadur Mahara.
Nidhi is also the home min-
TARRAGONA (Spain), Aug 7
weather watch
Damodar Ghimire, an
engineer at the Water
Induced Disaster Control
Office, said they are still
awaiting government’s reply
to a proposal of building an
embankment. The proposal,
which was submitted last
year, outlines a plan to build
an embankent stretching
from Parewaodar till NepalIndia border.
North Korea may be isolated
in the international community but it now has a modest
ally on the Spanish coast—the
Pyongyang Cafe, a small bar
founded to support Kim JongUn’s strongman rule.
Located
in
the
Mediterranean
city
of
Tarragona where Roman
ruins vie for attention, the
establishment sports a huge
North Korean flag behind the
bar, where tea typical from the
country and Asian beers are
served.
Socialist propaganda posters brought all the way from
Pyongyang adorn the walls of
the modern bar, and in a corner stands a bookshelf full of
works by leaders of the Kim
dynasty that has ruled North
Korea since 1948, translated
into Spanish.
“North Korea is the world’s
big unknown,” says Alejandro
Cao de Benos, founder of the
bar that opened mid-July and
also president of the Korean
Friendship
Association,
which has delegates in more
than 30 countries and is officially
recognised
by
Pyongyang.
While North Korean restaurants complete with traditional food and dancing have
popped up across Asia, the
41-year-old says this is
the only such Western establishment.
A restaurant opened in
Amsterdam in 2012, but closed
several months later.
“We want to break with all
the myths, manipulation. And
as not many people can go to
Korea, because it’s complicated and far, they can come to
our cafe,” says Cao de Benos.
Appointed special delegate
for international cultural
relations by Pyongyang in
2002, Cao de Benos is the only
Westerner to occupy a post in
the North Korean regime,
even if it is merely honorary.
A staunch communist, his
interest in the country peaked
after the dissolution of the
Soviet Union, and he came to
know some North Korean
families in Madrid.
He started travelling to the
country, and says his interest
n Special delegate for North Korea’s Committee for Cultural Relations with Foreign Countries, Alejandro
Cao de Benos poses in his bar in Tarragona, Spain.
for North Korea eventually
“turned into my passion”.
As such, Cao de Benos regularly appears in the media to
defend a country long criticised for its human rights violations and nuclear tests.
In a 2014 report, the United
Nations highlighted a long list
of crimes committed in North
Korea—extermination, slavery, torture, rape, forced abortions, political persecution,
disappearances among others.
Angel Gonzalo, spokesman
for Amnesty International,
says the situation in the country is “distressing.”
“People are completely at
the mercy of what Kim JongUn decides for them,” he says.
“It’s difficult to find a right
that is not being violated.”
Not so, counters Cao de
Benos. “Access to food, a home
or work is much more
widespread in North Korea
than in any other capitalist
country,” he says.
“Those are the real human
rights in which we believe.”
He claims that Pyongyang
is the victim of defamation
for not following Western doctrines or obeying the United
While North Korean
restaurants complete
popped up across Asia, the
cafe owner says this is the
only such Western joint
States, and dismisses critical
reports—whose authors are
not allowed into the country—
for being based solely on refugee testimonies.
But Sokeel Park of Liberty
in North Korea, an association that helps North Korean
refugees in Seoul, says these
are genuine.
“We have thousands or ten
of thousands of people
describing the same picture
of the country,” he says.
Nevertheless, the mysterious country sparks interest in
an otherwise open, globalised
world.
Cao de Benos says his association counts some 17,000
members and the bar has
been welcoming around 35
people a day in its first
opening days.
He aspires to make it a cul-
tural centre complete with
talks on gastronomy and tradition, film screenings or lectures. But its first event—a
talk on tourism—attracted
just 10 people.
“Lots of people think that
you can’t travel to North
Korea and that’s not true,”
Sergio Guijo, director of the
Spain-based agency Travel
Corea, told the attendees.
Some 50,000 tourists visit
North Korea annually, a large
majority of these Chinese.
Guijo’s agency has organised trips there for 60
Spaniards over a year.
But tourism is a double-edged sword for the country, according to Park.
Tourism and the foreign
currency it brings can help
prop up the regime, which is
the subject of many international sanctions, but it can
also contribute to opening up
the country.
“A North Korean refugee
told me that when she saw
these Chinese visitors, it
made her think: ‘Chinese people can come to Korea, so why
can’t I go to China, why can’t I
go to the outside world?’.”
ister and Mahara the finance
minister. Ramesh Lekhak has
been assigned the Physical
Infrastructure and Transport
Ministry, Daljit BK Shripaili
is the minister for youth and
sports and Gauri Shankar
Chaudhary has been appointed the minister for agriculture development.
While fringe parties supporting the government have
been waiting for a call from
the Prime Minister’s Office to
discuss their candidates, PM
Dahal is holding out until his
main coalition partners and
the Madhesi Morcha settle
their issues.
According to leaders,
Morcha heavyweights have
indicated their claim to cer-
tain ministries, should they
decide to join the government.
Dahal wants to keep them
vacant for creating a favourable environment for negotiation with Morcha.
On
Sunday,
Madhesi
Janadhikar
For um
Loktantrik Chairman Bijaya
Kumar Gachhadar met Dahal
and urged him to induct the
lawmakers from his party
into the Cabinet. Dahal is said
to have urged him to wait for
some time--citing his ongoing
talks with the Morcha.
CPN Samyukta, which has
three MPs, is ready to send its
Parliamentary Party leader
Jaya Dev Joshi to the Dahal
Cabinet but has not heard
from the prime minister.
Two right-wing
parties to unite
to revive...
IS claims Belgium
police attack
>> Continued from page 1
AGENCE FRANCE-PRESSE
The RPP, which had been
demanding the executive
chairman’s post, agreed to the
second position after the RPPN, which is double in size, did
not relent. In exchange for the
top position, the RPP-N has
agreed to give the RPP an
equal share—150 members—
in the Central Working
Committee.
Rana
will
also lead the directive committee, which will take
decisions on the party’s activities and selection of ministers if the party is to join the
government.
The two parties are also
divided over the electoral
symbol, though they have no
differences over the RPP-N
flag carrying the emblem of a
cow.
Under pressure from their
cadres, the parties started the
unification bid a year ago.
The RPP was formed in
1990 with Thapa as a key central member. However, the
party split on January 9, 2006
due to irreconcilable differences following former king
Gyanendra Shah’s taking over
the state powers. Thapa’s faction, which welcomed Shah’s
move, formed the new party.
BRUSSELS,AUG 7
A machete-wielding man who
wounded two policewomen in
Belgium was a 33-year-old
Algerian, prosecutors said
Sunday as the Islamic State
group, behind a string of
deadly attacks in Europe,
claimed the assault.
Quoting an unidentified
source,
IS-linked
Amaq
Agency said the attack by one
of the group’s “soldiers” came
“in response to calls to target
citizens” belonging to countries in a US-led coalition
bombing the jihadists in Syria
and Iraq.
The assailant died on
Saturday after being shot by a
third policewoman.
Belgian prosecutors said on
Sunday that the man, whose
initials were given as KB, was
already known to police.
He had “a criminal record
but was not known for terrorism,” they said, adding that
he had been living in Belgium
since 2012.
Ahead of the IS claim,
Prime Minister Charles
Michel told reporters that an
investigation was under way
“for attempted terrorist mur-
der”, hard on the heels of a
meeting of Belgium’s security
services.
Michel saluted the courage
of the police officers and
repeated indications from
investigators on Saturday that
the attacker had shouted
“Allahu Akbar” (God is greatest) during the assault in front
of a police station.
In a statement, prosecutors
said two searches had been
made in the neighbourhood
where the attack happened.
Saturday afternoon’s attack
outside the main police station in the city of Charleroi,
around 60 kilometres south of
Brussels, left one of the
policewomen with “deep
wounds to the face” while her
colleague was slightly injured,
Belga news agency said.
Charleroi police confirmed
the attacker was killed and
that the two injured policewomen were out of danger,
though both were placed in an
induced coma.
Police spokesman David
Quinaux told broadcaster
RTL-TVI the assailant had
“taken a machete out of a
sports bag he was carrying
and dealt very violent blows
to the faces of the two policewomen.”
C M Y K
world
kathmandu post
the
PG 05 | Monday,August8,2016
Modi hits out at cow-protection attacks
India’s PM Narendra Modi has hit out at a spate of
attacks by cow-protecting vigilantes, urging action
against people who used religion as a cover for
committing crime. Critics say killings in the
name of protecting cows, considered sacred by
India’s Hindu majority, have increased since
the nationalist premier won power in 2014.
news digest
‘At least 15 killed
in Macedonia
storms’
SKOPJE: Fierce storms
packing strong winds
and torrential rains
killed at least 15 people
overnight in Macedonia’s
capital of Skopje, police
said on Sunday. “As of
8:30 this morning (0630
GMT), we have discovered 15 victims (of the
storms). Our teams are
still searching for other
possible victims,” police
spokeswoman Liza
Bendevska told AFP. Six
people were missing,
according to the police,
while media reported
that about one hundred
others suffered injuries,
most of them minor.
Among the dead was an
eight-year-old girl, a hospital source told AFP.
“This is a disaster, we
have never experienced
such a thing,” said
Skopje’s Mayor Koce
Trajanovski.
Probe opened
over attack on
Belgian police
BRUSSELS: Belgium’s
prime minister Sunday
announced a terrorism
probe into a machete
attack that wounded two
policewomen, in what
appeared to be the latest
in a string of jihadist
attacks in Europe. “We
have been informed by
federal prosecutors that
an investigation has
started for attempted terrorist murder... given
certain elements (in the
case),” Charles Michel
told reporters. The prime
minister was referring to
the attacker’s cry of
“Allahu Akbar” (God is
greatest) during the
assault in front of a
police station. No information was given about
the attacker’s identity
during the press conference in Brussels which
followed a meeting of
Belgium’s security services.
Iranian scientist
executed for
‘spying for US’
TEHRAN: Iran has executed a nuclear scientist
convicted of handing
over “confidential and
vital” information to the
United States, a judicial
spokesman said on
Sunday. “Shahram Amiri
was hanged for revealing
the country’s top secrets
to the enemy,” Gholamhossein Mohseni Ejeie
was quoted as saying by
the Mizan Online news
site. Amiri disappeared
in Saudi Arabia in June
2009 and resurfaced a
year later in the United
States. (Agencies)
kathmandupost.ekantipur.com
Plastic surgery maestro dies
Pistorius treated for wrist injuries
Celebrated Brazilian plastic surgeon Ivo
Pitanguy has died at the age of 90, a day after
passing the Olympic torch for the Rio Games.
He died of a heart attack at home in Rio de
Janeiro on Saturday, a spokeswoman said. On
Friday, he had held the torch on the final leg
of the Olympic relay.
Jailed South African Olympic athlete Oscar
Pistorius has received treatment in hospital for
wrist injuries. A prison service spokesman said the
injuries were “minor” and that he had been
returned to prison after Saturday’s incident.
Pistorius denied he had tried to kill himself, the
spokesman said.
forces
Win for generals as Thais Rebel
break siege in
vote for junta constitution Syria’s Aleppo
Agence France-Presse
Agence France-Presse
BANGKOK, Aug 7
BEIRUT, Aug 7
Thailand voted on Sunday to
approve a new constitution
drawn up by the ruling junta,
preliminary results showed,
in a major victory for the
army and a blow to the stuttering pro-democracy movement.
Partial results released by
the Election Commission late
Sunday showed 62 percent of
voters had approved the charter, with 90 percent of votes
counted so far.
Authorities estimated a
subdued turnout at around 55
percent of Thailand’s 50.2 million registered voters, after a
poll run-up that saw independent campaigning and open
debate barred.
Sunday’s referendum was
the first time Thais have been
able to go to the polls since
army chief turned Prime
Minister Prayut Chan-O-Cha
toppled the elected government of Yingluck Shinawatra
in 2014.
The military says its new
constitution will curb endemic political corruption and
bring stability after the dizzying merry-go-round of recent
years.
Critics say it aims to neuter
civilian politicians and tighten the grip of the military—
and its allies in the royalist
elite—over the country.
The kingdom is split after a
decade of political turmoil
that has damaged growth,
seen democracy shunted aside
and left scores dead in rival
street protests.
The preliminary results
starkly illustrate the kingdom’s bitter geographic
divide.
Only the impoverished and
rural northeast—a region that
has voted in droves for successive governments turfed out
by the army—and the deep
south—hit by a Muslim insur-
n An elderly voter (left) prepares to cast his ballot as an official looks on at a local polling station during the constitutional referendum in
Bangkok on Sunday. Thailand voted on a junta-crafted constitution in a referendum where independent campaigning and open debate has been
banned, as opponents warn the document will perpetuate military power.
AFP/RSS
gency—voted against the
ch a r t e r.
Jat u p o r n
Prompan, leader of the
anti-junta Red Shirt movement, which is strongest in
the northeast, hit out at the
result. “I want to tell Prayut
that your victory is nothing to
be proud of as your opponents
had no chance to fight,” he
told reporters, referring to the
ban on campaigning before
the vote.
“I am still convinced that
power will return to the people some day,” he added.
However millions voted in
favour of the military’s charter, especially in the capital
and the south.
Thailand has a long history
of turbulence. The military
has successfully seized power
12 times since the end of absolute monarchy in 1932 and this
constitution will be the kingdom’s 20th.
But the latest chapter in the
political crisis—dubbed the
“lost decade”—has been particularly painful.
Since a 2006 coup toppled
Prime Minister Thaksin
Shinawatra, Yingluck’s billionaire brother who is now in
self-exile, power has flipped
between elected governments
linked to him and rule by the
army and its establishment
supporters.
Shinawatra parties have
won all general elections since
2001, scooping up votes of the
rural poor and urban working
class with policies promising
greater wealth and opportunity. Their success has riled the
military and its political
friends who accuse the clan of
debasing the country with
graft and nepotism and have
hit back through coups and
the courts.
The tension has been compounded by the frail health of
88-year-old King Bhumibol
Adulyadej, as elites jostle
ahead of the transition.
After casting his own vote
in
Bangkok
junta
leader Prayut urged people to
vote, adding: “This is democracy so all eligible voters
please come out.”
Prayut banned open debate
on the contentious charter
and scores of people have
been arrested under a special
law to curb opposition.
The most divisive clauses
call for a junta-appointed senate—including six seats
reserved for military commanders—to check elected
lawmakers and increased
powers for courts, which are
already accused of political
bias.
Another clause makes it
easy to begin impeachment
proceedings.
Junta opponents believe the
charter will further warp
democracy.
Syrian regime forces were on
the defensive around Aleppo
on Sunday after a rebel alliance said it inflicted a major
setback by breaking a threeweek government siege of the
battered city.
A coalition of rebels and
jihadists surged through
regime territory on Saturday
to open a new route into
Aleppo’s besieged eastern
neighbourhoods, home to an
estimated 250,000 people.
The breakthrough was met
with euphoric scenes among
civilians and opposition fighters in eastern districts, but
sparked fear of food shortages
among
residents
of
regime-controlled western
areas.
Rami Abdel Rahman, head
of the Syrian Observatory for
Human Rights, said the development was one of the most
significant setbacks for government forces since the conflict erupted in March 2011.
“Despite more than 600
Russian strikes, the regime
forces were not able to hold
onto their positions,” he said.
Steadfast
regime
ally
Moscow has provided air support for forces loyal to
President Bashar al-Assad
since September 2015.
Abdel Rahman said there
were intermittent air strikes
and clashes on the southern
edges of the city on Sunday,
where the opposition alliance
overran a series of buildings
in a military academy the previous evening.
They then pushed northeast into the district of
Ramussa, linking up with
rebel groups that had fought
south from inside the city.
Rebels posted footage of
their fighters embracing and
celebrating the end of the government encirclement, in
Air raids kill 10
near hospital:
Monitor
BEIRUT: A barrage of air
strikes on Saturday near
a hospital in northwestern Syria killed at least
10 civilians, said the
Syrian Observatory for
Human Rights.
The monitor said the
raids targeted the town
of Milis in Idlib province, which borders
Turkey and is controlled
by a rebel alliance led by
Al-Qaeda’s former Syrian
branch.
The
Britain-based
monitor said three children and two women
were among the dead,
adding that the raids
were carried out by
either Russian or regime
warplanes.
The
Idlib
Media
Center, which publishes
news on developments in
the province, said a hospital was hit in the raid
by unidentified aircraft
and that at least six people had been killed.
place since July 17.
An AFP journalist in the
eastern districts said one
truck of vegetables entered
late Saturday to be sold in the
markets the following day.
But their advance now puts
the estimated 1.2 million
living in government-held
districts of the city under
opposition
encirclement,
he added.
“The western districts of
Aleppo are now besieged.
There are no safe routes
for civilians in government-held districts to use to
get into or out of the city,” he
told AFP.
Massive anti-coup rally in Turkey Clinton to follow Trump with
economic speech in Detroit
Associated Press
ISTANBUL, Aug 7
Huge crowds gathered Sunday
in Istanbul for a massive rally
to mark the end of nightly
democracy demonstrations
following Turkey’s abortive
July 15 coup that killed over
270 people.
A 60-meter (200-foot) stage
was set up at the Yenikapi
meeting area by the Marmara
Sea in Istanbul’s European
side. It was framed by two
platforms and draped with
massive national flags and
banners depicting Turkey’s
founding father Mustafa
Kemal Ataturk and current
President Recep Tayyip
Erdogan.
Following the abortive
putsch, the Turkish government has been encouraging
nightly anti-coup rallies in all
of the country’s 81 provinces
as well as in certain foreign
locations such as Cologne,
Germany.
Sunday’s grand finale in
Istanbul, officially called the
“Democracy and Martyrs’
Rally,” aims to represent
Turkish unity, with Erdogan
urging attendees to bring only
the Turkish flag instead of
party banners.
“There we will stand together as a single nation, a single
flag, a single motherland, a
single state, a single spirit,”
he said Saturday in comments
carried by Turkish media.
The event will be attended
by the highest levels of
Turkish leadership and two of
Turkey’s three opposition parties. The pro-Kurdish People’s
Democracy Party, or HDP, was
not invited.
Nearly 15,000 police will be
providing security at the
event, which the state-run
Anadolu news agency estimates could be attended by
millions. Anti-aircraft batter-
ies have also been set up at the
event grounds.
Thousands of buses and
over 200 boats have been commissioned to bring attendees
to the area, where they will
pass through one of 165 metal
detectors before being given
hats and flags. The event will
be simultaneously broadcast
on giant screens in all of
Turkey’s provinces. Turkish
media also claims that a giant
screen will also be set up in
Pennsylvania, the US state
that is home to Islamic cleric
Fethullah Gulen, who moved
there in self-imposed exile in
the late 90s.
Associated Press
WASHINGTON, Aug 7
Democratic presidential nominee Hillary Clinton will deliver what aides are billing as a
major economic speech on
Thursday in Detroit.
Clinton’s appearance is set
to follow a speech planned by
Republican rival Donald
Trump on what he would do to
improve economic growth.
Trump’s speech is set for
Monday in the same city.
The
dueling
Detroit
n Hillary Clinton
addresses come as new polls
show Clinton gaining ground
on economic issues.
Aides say Clinton will outline her economic plans and
argue that Trump is only
focused on the wealthiest
Americans.
At campaign events last
week, Clinton questioned
Trump’s commitment to creating American jobs by highlighting his use of outsourcing at his companies.
Trump’s populist economic
message includes a vow to
revive manufacturing jobs
and renegotiate trade deals to
benefit American workers.
dy i n g a r t
Malaysia’s traditional kite-making in peril
Agence France-Presse
PANTAI CAHAYA BULAN (Malaysia), Aug 7
Shafie Jusoh loves traditional
Malaysian kites so much that he
can’t get a good night’s rest
unless he’s been working on them
daily.
“I need to make kites everyday,
if not I can’t sleep,” the 69-yearold said. He began making them
when he was a young boy, skipping classes to entertain his
flights of fancy.
“If you don’t do it everyday,
you will lose the technique,” he
added.
Shafie is among a diminishing
group of Malaysian master
kite-makers who have dedicated
their lives to breathing life into
the ancient craft.
A colourful giant two-metre
kite with extended wings greets
visitors at the entrance of
Shafie’s dark and dusty studio in
a sleepy village in Kelantan state.
“I made this kite 30 years ago.
You need 25 men to fly it,” the
self-taught kite-maker quipped
proudly as he showed a faded
photo of it soaring in the air.
A wooden table at his studio is
lined with several awards from
government agencies for his
efforts promoting Malaysia’s
kites, a national symbol, worldwide.
He recalled one particular visit
to Paris many years ago, where
he had brought over 30 Malaysian
kites to an exhibition and all
were sold quickly.
“To the foreigners, the kites are
just so unique and they love it”
he said.
The early morning rays stream
through a rickety green window,
dancing on the thick veins on his
arm as he flips and turns his
knife, cutting a spiny bamboo
stick to perfection.
After thinning out several bamboo sticks, he bends and ties them
with strings to form the main kite
frame.
Separately, using a small knife,
he cuts out intricate floral
n Participants carry their traditional Malaysian kites known as Wau Jala Budi
during the annual kite festival at Pantai Genting beach in Tumpat on the
outskirts of Kota Bharu, Malaysia’s northeastern Kelantan state on June 2.
designs on an assortment of
coloured paper. These are pains-
AFP
takingly pasted onto tracing
paper which is then glued to the
main bamboo frame.
The kite is then left indoors for
a day to let the glue dry.
A ribbon is attached tightly to
two ends of the kites and this produces a loud “swoosh” sound
when the kite makes sharp turns
in the sky.
The entire process can take
between two weeks to three
months depending on the size and
the intricate nature of the kite.
“You need both the passion and
the patience to make kites,”
Shafie explained.
There are several kinds of
Malaysian kites, with various
shapes based on stingrays, cats
and peacocks. There is also a kite
called “wau jala budi” where its
curvy shape, some believe, is
inspired by the outline of a woman’s body.
But the “wau bulan” or moon
kite with its lower tip resembling
a crescent, an Islamic symbol, is
the most popular in Kelantan.
It takes around a week or two
to produce a small moon kite and
is sold for around 400 to 500 ringgit, said Shafie. Some moon kites
though can be as high as three
metres. The bigger models can
cost as much as 9,000 ringgit.
The “wau bulan” is also the
inspiration behind the Malaysia
Airlines logo.
Many of Shafie’s customers are
keen kite flyers but some also
purchase his designs as decorative pieces for their homes.
As he has built up such a reputation for his artistic pieces, his
studio is also a popular pit-stop
for international tour groups
from Europe and North America
visiting Kelantan.
He enlists his wife Wan Enbong
Wan Deraman to help when there
are large orders. The state’s annual kite festival causes a surge in
demand, with many local students buying his pieces.
“My students like these traditional kites because of the historical knowledge and art involved,”
one teacher told AFP.
While the people of Kelantan,
known for its crafts, still love
such Malaysian kites, interest is
waning. There are fears the
ancient skills, passed from one
generation to the next, will die
out. “It takes many, many years to
master the craft and the situation
in Kelantan and elsewhere in
Malaysia is that there are very
few craftsmen who still have the
traditional knowledge,” said
Pauline Fan, creative director of
Pusaka, an organisation that
works to document and protect
traditional Malay arts.
She warned: “It’s intricate and
hard and most young people don’t
have the patience to do it...once
the masters and the knowledge
are gone, it will be difficult to get
it back.”
As for Shafie, he has no plans
to retire any time soon and hopes
there is still time for him to pass
on his knowledge and skills to
others.
He said: “Some students, even a
few outside of Kelantan, have
come to ask me to teach them.”
C M Y K
thekathmandu post 06
editorial
Monday, August 8, 2016
Let’s act together
Since 1993
ED I T OR I A L
As India moves up the value chain, some of its industries can be shifted to Nepal
Early dividends
Putting together an inclusive Cabinet
early will help expedite governance issues
N
ow that the CPN-Maoist Centre’s Chairman Pushpa
Kamal Dahal has been elected prime minister, the
major ruling parties are busy nominating their
members to ministerial positions. As always, this
has been a slow process.
So far, the Maoists have appointed three and the NC
two ministers. It is heartening to see that the parties
have decided to make the new Cabinet inclusive. Two of
the new Maoist ministers come from historically marginalised groups. Minister for Youth and Sports Daljit
BK Shripaili comes from the Dalit community, and the
Minister for Agriculture Gauri Shankar Chaudhary is
a Tharu. The NC has selected Bimalendra Nidhi, a
Madhesi, to be the home minister, who the ruling parties expect will be instrumental in improving relations
with the Madhesi population.
This is important since many Madhesis remain furious over the local administration’s behaviour during
the Tarai protests last year that saw around 50 deaths,
including of police officials. We hope the parties continue to follow the principle of inclusion as they select
the remaining ministers. In particular, it will be necessary to appoint women to ministerial positions.
If history is any guide, there will be numerous disagreements within the parties over whom to appoint as
ministers. This has often led to major delays in government formation, which has severely damaged governance. The parties should make all efforts to fill vacant
ministries as soon as possible. NC President Sher
Bahadur Deuba has committed to filling appointments
to the ministers reserved for the NC when the convention of the party’s student wing, NSU, concludes this
week. Prime Minister Dahal and the smaller parties in
government should also commit to filling vacant positions as soon as possible.
There is a slight problem with regard to Madhesi
parties. Both the Maoists and NC are keen to include
the agitating Madhesi parties in the government. These
parties appear to have decided to join government
once the ruling parties register a proposal to amend
the constitution. There are other Madhesi leaders,
however, who insist that the Madhesi parties
should join government only after the amendment is
endorsed by Parliament. For they feel that the Madhesi
parties could betray their constituents and compromise
on many of their demands in their desire to access
power soon.
Such suspicions have arisen as Madhesi parties
have often been seen to be excessively power-hungry in
the past, and have forgotten about their community
once coming to power. This time around the
Madhesi parties would do well to demonstrate that they
are truly committed to what they have promised to
their constituents. Even if they join the government,
they will have to avoid nepotistic behaviour, such as
appointing their spouses or other close relations to
ministerial positions.
MADHUKAR SJB RANA
& ATUL K THAKUR
A
review of trends in Nepal-India trade
and investment reveals that the main
challenge is identifying constraints and
recommending policies that can be
implemented without going against the
political fundamentals of the land.
First, the need of the hour is to evaluate the
sectors and sub-sectors of comparative
advantage in goods and services in the two
countries and formulate policies in a positive spirit. The potential of developing production networks in services and manufacturing in the two countries need to be
assessed. As India moves up the value chain,
some of its industries like food and agri-processing and labour-intensive activities can
be shifted to Nepal. The next important step
is examining issues related to informal and
border trade between the two countries and
find ways to remove bottlenecks and make
things different and better.
Raising possibilities
In the context of improved connectivity
between China, Asean and South Asia,
something could be tried by bringing China
closer to the economic cooperation grouping
of India and Nepal. Before this is done, an
in-depth examination of the potential and
feasibility of India-Nepal-China connectivity and the possibility of industrialisation
policies such as the establishment of special
economic zones (SEZs) and industrial
agglomerations should be made. However,
before moving in that direction, it would be
crucial to assess the impact of the current
institutional arrangements for trade and
investment between the two countries (such
as Nepal-India trade and transit treaties and
Bippa) and recommend alternatives, perhaps along the lines of India-Singapore comprehensive economic cooperation.
To take this idea further, the South Asian
Institute of Management (SAIM) aims to
study Nepal-India trade and investment with
an analytical assessment and action plan. The
underlying objective is to enhance trade
between the two countries for shared prosperity and concern. This represents an important
initiative to strengthen the economic relationship between the two neighbours. It will build
on a positive environment, namely the rapid
economic progress that India is making and
its emerging role, particularly in Asia, and the
comprehensive reform and peace process that
Nepal has embarked upon since 2006.
The first meeting between the Observer
Research Foundation (ORF) and SAIM in this
regard was held in Kathmandu in November
2011. The second meeting was held in New
Delhi in April 2013. The ORF, a New Delhibased policy think tank, is a major constituent
of this project. It aims to generate participation from the media, members of the chambers of commerce of the two countries,
think tanks and embassy officials, among
others. Most importantly, the project will
encompass citizens’ views from the Indian
states bordering Nepal, notably Bihar, Uttar
Pradesh, Uttarakhand and West Bengal.
Pressing issues
As India-Nepal relations have been on a roller coaster in recent years, impacted by unusual political churnings, bilateral trade ties
have been hit hard. Irrespective of how politics treats economics in both countries,
there should be efforts to genuinely make
Nepal-India relations friendlier. The open
border would yield much better outcomes if
they promoted it as a gateway for trade and
productive mobility. In modern times, it is
imperative to customise cross-border trade
and transit dealings.
Anyone with a pious vision to see the
region from a broader South Asian angle
will lament instances like the recent ‘border
blockade’ where the narrow design of politics triumphed over all sorts of finer rationale. Undeniably, the political classes in Nepal
should track a different course where they
will be able to secure a path of stability. As
another round of political flux is in the offing with a new prime minister in place,
Nepal clearly appears not to be in good shape
to take on pressing issues of survival that
fall in the economic and trade domains.
reflective of healthy upward mobility, the
economics of the land calls for an immediate
and active interface with politics. Nepal is
sitting on a pile of very rich human and
natural resources, and exploring these
resources with renewed thrust is the need of
the hour, not passing the buck.
India has come a long way since 1991 when
it first opened up its economy while facing a
serious balance of payments crisis.
Politically too, it was anything but in harmony. The progressive minds in the government, however, made a difference by playing
above the narrow confines of authority.
They thought of the nation first and moved
up. The same way, Nepal needs to embark on
a journey that will be for economic liberation of its masses from the vicious cycle of
poverty. Nepal, a beautiful country, truly
solicits the application of beautiful ideas. By
moving towards the goal of political and
economic parity, it will line up with a healthier trend to play in a big globalised world.
Heed the lessons
A poor industrial base combined with scarce
local employment opportunities force
Nepalis to migrate en masse to employment
destinations. As the phenomenon is not
Rana is the chairman of the South Asian
Institute of Management and a former
Nepali finance minister; Thakur is a New
Delhi-based journalist and public
policy professional
Irrespective of how politics
treats economics in Nepal and India,
there should be efforts to genuinely
make bilateral relations
friendlier
Interview S u r ya K i r a n G u r u n g
Parties now see victims as main stakeholders in settling war-era cases
The formation of the Truth and Reconciliation Commission (TRC) in 2015, eight years after the signing of the Comprehensive Peace Agreement (CPA), marked an important milestone in Nepal’s peace process. Last
week, the Nepali Congress and the Maoist Centre, once major wartime opponents, formed a ruling coalition. Both the parties insist that putting an end to transitional justice issues will be their major priority, alongside
settling disputes with the Madhesi parties. In his interview with Akhilesh Upadhyay and Dewan Rai, Chairman of the TRC Surya Kiran Gurung argued that the major political parties have now come around to the
idea that all war-era cases cannot be pursued, but action needs to be taken against perpetrators of ‘grave human rights violations’ in order to give closure to outstanding wartime records. Gurung also argued that
victims should be the primary stakeholders in the search for long-term peace in a post-conflict society.
How do you view the current status of
the TRC?
I am happy with the journey we
have made so far. In the initial stage,
the conflict victims were sceptical
about the commission. We have managed to allay their suspicions to a large
extent, and thousands of victims have
registered their cases with us. Other
stakeholders, who were under the
impression that the commission’s job
was only to bring about reconciliation
and provide compensation to the
victims but not to prosecute, have
come to realise that the commission
will recommend actions against serious rights violators. The international
community, which did not have much
trust in the commission, has now started asking for relevant amendments to
the TRC Act—in accordance with the
Supreme Court’s decision. We forwarded those demands to the committees of
the
Legislature-Parliament
on
December 16, 2015. We are confident
that if those amendments are
made, the international community
will cooperate with us. I feel we
are on the right track to bring this
issue to a close.
What kind of amendments do you
think would be fruitful?
According to the SC verdict, amnesty
cannot be provided in every case and
action needs to be taken against perpetrators of grave human rights
violations. Rape and sexual violence
play no part in war; they do not influence the outcome of war in any way.
They are simply criminal acts and we
cannot build a healthy society without
taking action against perpetrators of
such crimes. People do die in wars but
action needs be taken against perpetrators of torture or killings of prisoners
of war.
We also want amendment in the
TRC Act. Of the nine ‘gross violations
of human rights’ mentioned in the
Act, eight are within the TRC’s jurisdiction. Torture is one of them.
However, laws criminalising it are yet
to be passed. Another problem in the
Act is the phrase “serious crime”,
since there is no explanation as to what
kind of crimes constitute it. Without
clarity on this, it is difficult for the
TRC to do its job.
Similarly, rape cases need to be
reported within 35 days, which has
been extended to six months by the SC,
but that does not help as the TRC was
formed almost nine years after the CPA
was signed. Without getting rid of this
provision, we will not be able to prosecute the perpetrators of rape and sexual violence.
There is a provision of a special
court for cases we recommend for prosecution after our investigation.
However, such a court is yet to be
established. We have asked that it be
established as soon as possible.
fails to take a balanced approach to
these three issues.
How do you view the position of three
major stakeholders—the NC, the UML
and the Maoists—on transitional justice?
Broadly, there were all in the favour of
reconciliation over prosecution. They
argued that a focus on prosecution
would exacerbate the conflict. We told
them that while we are aware of their
concerns, it should also be noted
that several cases of rights violations
are unrelated to the conflict. The
spirit of reconciliation is that it has to
come from the hearts of the victims.
We have found that there are some
cases in which the victims want to forgive and forget. But there are also
cases where they feel they deserve justice. The TRC will not go against the
wishes of the victims. The political
parties and other stakeholders now
seem to have internalised that serious
cases of rights violations have to be
prosecuted, and the TRC takes that as a
positive sign.
The Maoist Centre and the Nepali
Congress, the current coalition partners, were on the opposite sides during the conflict. Now that they are in
the government together, what could
be the middle ground in addressing
serious human rights violations
during the war?
It is very important that we make a
distinction between cases that took
place in accordance with the principles
of war and those that were entirely
criminal in nature. The transitional
justice laws we have in place are
incomplete; there are many contradictions. For example, although we are
called the Truth and Reconciliation
Commission, there is little room for
reconciliation. Cases of destruction of
public property have also been categorised under serious human rights
violations. This will not help settle the
conflict. Cases without any physical
harm, such as confiscation of property
or displacement, can be settled through
reconciliation.
One the one hand is a school of
thought that argues that all the
cases registered during the war-era
have to be investigated and action
needs to be taken. Some political
parties, on the other hand, want to
‘forget and forgive’ all incidents and
move on. How can the two views be
reconciled?
The TRC will move ahead by finding a
How has the TRC looked at two recent
incidents related to war-era
cases, namely the cancellation of the
newly-elected Prime Minister
Pushpa Kamal Dahal’s trip to
Australia and Nepal Army Officer
Kumar Lama’s ongoing prosecution
for torture in the UK?
POST FILE PHOTO
middle ground between these two
extreme positions—that each war-era
case should be prosecuted and that no
case should be prosecuted. But if each
violation is to be prosecuted, there will
be no point in the formation of the
TRC. However, if the victims feel that
the commission could not deliver
justice, they can still go to regular
courts.The TRC has to be particularly
sensitive towards the victims. They are
likely to be satisfied only if they feel
the state has been adequately sensitive
and responsive towards their needs.
But apart from the victims, there are
other stakeholders to the conflict
too. What about their concerns?
There are three issues to be understood here. First, the idea of the TRC
came into existence after the CPA was
signed on November 21, 2006. The CPA
internalises that neither side won nor
lost the war. We want this spirit of the
CPA to be reflected in practice. Second,
both sides committed violations
during the war where innocent civilians too became victims. A responsible
state is one that addresses the concerns of its citizens. Third, Nepal is
party to various international treaties
and conventions on human rights.
The international community is
watching to what extent Nepal
is implementing those treaties. The
TRC cannot be successful if it
Col Lama’s case has established that
cases of torture are not confined to the
jurisdiction of any state. Dahal’s case
shows that there isn’t much we can do
about how a particular country’s judiciary decides to deal with people who
have allegedly committed crimes in
Nepal. But the TRC has made it clear to
the international community that we
are committed to respecting human
rights, and that violators will be
brought to justice. I am convinced that
the Nepal government will heed the
final report of the TRC seriously and
follow its recommendations.
When do you expect the TRC’s work
to come to a conclusion?
We are planning on completing the
work within the TRC’s mandate, which
is about six-and-a-half months away.
But for that to happen, laws and regulations have to be amended according to
our request and we have to be provided
with adequate resources.
What has the TRC done so
far to facilitate reconciliation and
reparation?
We are in the process of forming various task forces, which will take about
ten more days. Reconciliation is our
main responsibility. But our work may
not be acceptable if we do not take into
consideration the views of the victims’
representatives. We will also formulate
policies to facilitate reparation to the
victims. We will discuss ways to carry
out public hearings in the future. Our
job is not only limited to unearthing
what happened during the conflict, but
also why they happened so as to ensure
that they are not repeated.
One only needs schooling up to
Grade 8 to qualify for recruitment into
Nepal’s security forces. If they have no
idea about human rights or the Geneva
Convention, how will they know if
they have flouted the law? Many of
those who fought for the rebels were
even less educated. So they need training and education about conflict and
human rights from an early age. We
have to think of the consequences of
imposing Western standards of human
rights on our country. Will this facilitate conflict management or will it
trigger another conflict?
But aren’t there certain universal
requirements of post-conflict transition and reconciliation?
South Africa is considered the most
successful case of post-conflict reconciliation. But what I found surprising
in their acts was that there is no mention of prosecution or reparation, only
of reconciliation. We, on the other
hand, have a provision of reparation
not only from the state but also from
the perpetrators. Of course, we have to
abide by certain universal requirements, but our main focus is to make
sure that the victims are satisfied with
the transitional justice process.
C M Y K
07 thekathmandu post
Monday, August 8, 2016
Politics
BUSINESS & FINANCE
Why don’t we trust leaders?
Diminishing returns
Free-trade deals
neither raise
advanced-economy
incomes, nor serve
poor countries
Jomo Kwame Sundaram
& Vladimir Popov
Three criteria that responsible political elites must fulfill to regain voter trust
Ngaire Woods
O
XFORD—In developed democracies today, political leadership is
increasingly up for grabs. Voters,
clearly tired of the status quo,
want change at the top, leaving
even major parties’ establishments
struggling to install leaders of their
choosing.
In the United Kingdom, Labour Party
MPs have been stymied in their efforts
to unseat Jeremy Corbyn as leader. In
Japan, the ruling Liberal Democratic
Party’s preferred candidate for
Governor of Tokyo, Hiroya Masuda,
lost in a landslide to Yuriko Koike. As
for the United States, the Republican
Party wanted virtually anybody except
Donald Trump to win the nomination
for the presidency; yet Trump it is. And
while the Democratic Party is being
represented by the establishment
choice, Hillary Clinton, her competitor,
Bernie Sanders, put up a much stronger
fight than virtually anyone anticipated.
The message to the establishment is
clear: we don’t trust you anymore. But
some of the leaders voters do trust
could pose a very real danger—to their
supporters, their countries, and the
world.
Trump—with his admiration of dictators, unabashed racism and sexism,
ignorance regarding the issues, and
mercurial temperament—stands at the
top of this list. Those who led the
British campaign to leave the European
Union—such as Conservatives like
Boris Johnson (now the country’s foreign secretary) and Nigel Farage, the
right-wing populist leader of the UK
Independence Party—are similarly disparaged for recklessly jeopardizing the
future of the UK and the EU alike.
If mainstream leaders want to change
voters’ minds, they should look carefully at what leadership really means.
Here, it is worth recalling the insights
of US General George C. Marshall, who
contemplated the topic as he worked to
rebuild the US military in the 1940s.
Marshall argued that leadership is a
matter not of rhetoric, but of character.
In particular, leaders must display three
key qualities to win the trust needed to
lead effectively: purpose, impartiality,
and competence.
Purpose, in his view, meant putting
the greater good ahead of one’s own
interests. This kind of leadership still
exists. A shining example is Jo Cox, the
young British MP who was murdered
during the Brexit campaign, whose
leadership in advocating for the
rights of refugees was recognized
across party lines.
But, in many cases, politics has
become a matter of self-promotion—
and a race for ratings. In today’s celebrity culture, politicians must be “personalities.” They campaign like contestants
on a reality TV show. Trump, with his
clownish looks and showbiz resume,
is probably the ultimate example of this
shift. (The Huffington Post even decided
last summer to publish coverage
of Trump’s campaign in its entertainment section.)
The problem is not only that this can
lead to the election of utterly unqualified leaders. It is also that, once elected,
even qualified leaders can struggle to
shed the personal elements of their
decision-making, and serve the country
impartially instead.
The slippery slope is exposed in a
memo—recently disclosed as part of the
UK’s Chilcot Inquiry—written by former British Prime Minister Tony Blair
to former US President George W. Bush
in the run-up to the Iraq war. The note
begins, “I will be with you, whatever.”
He was talking about leading his country into war. Yet his language suggests
that his personal bond with Bush some-
how took precedence over his duty as
Prime Minister.
Leading with purpose, rather than
personality, is closely related to the
impartiality that Marshall thought
essential. Once in office, leaders must
act with fairness and candor. They must
resist the temptation to use official
power to benefit themselves, their
families, or their cultural identity
group, and refuse enticements, however
powerful they may be, to offer special
access or protection to friends, funders,
and lobbyists.
Maintaining a high standard of
impartiality is not easy, but it is far
from impossible. President Pedro Pires
of Cape Verde was awarded the 2011
Ibrahim Prize for Achievement in
African Leadership, for transforming
his country into “a model of democracy,
stability, and increased prosperity.”
Pires retired from office without even a
house to his name; he worked for the
people, not to amass personal wealth.
The third criterion for good leadership—competence—is not just a matter
of how much knowledge a leader
already possesses. As Marshall noted, it
also consists in leaders’ capacity to
learn from their mistakes and to prepare themselves and those around them
for important decisions. Chilcot’s verdict on Britain’s lack of preparation for
the Iraq War and its aftermath is damning in this regard. So is the Brexiteers’
lack of any plan whatsoever for how to
proceed after the referendum.
It is time to revitalize good leadership. Voters need to see candidates who
show purpose, impartiality, and competence. If they don’t, they will continue
to vote against the establishment that
they believe has failed them—even if it
means voting for turmoil in Europe or a
reckless narcissist in the US.
Ngaire Woods is Dean of the
Blavatnik School of Government and
Director of the Global Economic
Governance Program at the
University of Oxford
SUSTAINABILITY & ENVIRONMENT
Microfinancing climate resilience
Lending to small businesses in poor areas can mitigate the impact of
global warming
Mark Malloch Brown
L
ONDON—Vulnerable communities
face the brunt of climate change—
from rising sea levels and extreme
weather events to prolonged severe
droughts and flooding. According to
the World Bank, without effective mitigation measures, climate change could
push more than 100 million people into
poverty by 2030.
To help the most vulnerable communities become more resilient to the effects
of climate change, financial institutions
should support small and medium-size
enterprises. In emerging economies,
SMEs account for as much as 45% of
employment and up to 33% of GDP—
and these numbers are significantly
higher when informal SMEs are included. When an SME builds up its own climate resilience, it can have cascading
effects in the community around it.
Unfortunately, SME owners generally
have trouble securing bank loans, and
instead must turn to informal lending
and alternative funding sources to support their businesses. According to the
World Bank, 50% of formal SMEs lack
access to formal credit, and the total
credit gap for both formal and informal
SMEs is as high as $2.6 trillion worldwide. While the gap varies considerably
among regions, it is particularly wide in
Africa and Asia.
Microfinance can close this gap by
providing the small loans that SMEs
need to get off the ground and thrive.
According to the OECD, microfinance
institutions, including national foreign-aid agencies, banks, credit unions,
and nonprofit organizations, already
provide basic financial services to more
than 100 million of the world’s enterprising poor, 90% of them women.
The role of microfinance in boosting
SMEs’ climate-change resilience needs
to be more fully defined. In Africa, Asia,
and Latin America, microfinance has
enabled SMEs to invest in drought-resistant crops, build better irrigation systems,
and purchase climate insurance to protect incomes when crops fail because of
too much—or too little—rainfall.
These projects already have a proven
track record. According to a review by
the OECD, 43% of microfinance activities in Bangladesh in 2010 had strength-
ened the resilience of communities.
These projects include lending programs for weather-resistant housing
and drought- and salt-tolerant seeds,
and they enhanced climate-change resilience. In Nepal, microfinance is supporting disaster relief and preparedness, crop diversification, and improved
access to irrigation. Microfinance can
also help SMEs transition to low-carbon
business models, by financing their
efforts to adopt renewable energy sources and shift to sustainable production
and supply chains.
Microfinance is not the only solution,
and it certainly has its critics. To allay
concerns about money being poorly
spent, microfinance institutions should
reward SME owners who use loans to
finance climate-change resilience and
renewable-energy projects. This need
not be an act of corporate social responsibility. In fact, according to the
Business and Sustainable Development
Commission, which I chair, such an
approach is in microfinance institutions’ own self-interest.
The private sector should understand
that the climate crisis is also an opportunity, especially with regard to SMEs.
In fact, some in the private sector
already recognize this.
GSMA—a trade group that represents
K
UALA LUMPUR/MOSCOW—In
its May 2010 “Global Survey,”
McKinsey & Company reported
that, “the core drivers of globalization are alive and well.” In an
April 2014 report, the firm went further, declaring that, “to be unconnected is to fall behind.”
But now McKinsey seems to have
changed its tune. In a new report,
“Poorer Than Their Parents? Flat or
Falling Incomes in Advanced
Economies,” the McKinsey Global
Institute asserts that developed countries should not expect further gains
from the process of globalization.
Income growth has stalled since the
2008 financial crisis and “even a
return to strong GDP growth may
not” reverse the trend.
Specifically, McKinsey finds that,
from 2005 to 2014, real (inflation-adjusted) incomes remained flat
or fell in 65-70% of households comprising 540 million people across 25
advanced economies. In the United
States during this period, 81% of the
population experienced flat or falling
real incomes; in Italy, 97% did. By
comparison, from 1993 to 2005,
advanced-economy real incomes
remained flat or fell in less than 2% of
households.
Government transfers and tax cuts
mitigated some of this trend’s effects
by leaving families with additional
take-home income, especially in
strong welfare states. But even with
those measures, up to a quarter of
households in some countries experienced stagnant or lower disposable
incomes between 2005 and 2014.
The years since 2005 have shown
globalization to be a double-edged
sword, and even conservative politicians worldwide have stopped cheerleading for it. As former French
Prime Minister Dominique De
Villepin recently put it, “Globalization,
on the one hand, promotes cooperation; on the other hand, [it has]
brought new mutual exclusion, isolation, and radicalization.”
In the US, Donald Trump won the
Republican Party presidential nomination on an anti-trade, anti-immigration platform. Trump’s base of support comprises white working-class
voters who feel that globalization has
destroyed their prospects for economic success and security. Trump has
explicitly appealed to these voters’
prejudices and has called for
“Americanism, not globalism.”
The “Leave” side in the United
Kingdom’s Brexit referendum orchestrated a similar campaign, and xenophobia and ethno-populism are resurgent throughout the West. Some of
the blame for this goes to Western
governments that, ignoring the uneven effects of free trade, failed to
assist the “losers.”
To be sure, free trade can reduce
prices for consumers and raise real
incomes for some workers. But it
often does so at the expense of other
workers who are displaced when companies, competing on a cutthroat
international stage, move jobs elsewhere. Over time, while many people
in a few countries have benefited,
many others have lost more in real
income than they’ve gained from lowcost imports.
Only a few governments managed
this difficult tradeoff well, by providing adequate unemployment compensation and skills training, and promoting new, more remunerative
employment opportunities. And at
any rate, such measures address only
the dislocations from trade within
countries. They do not account for
larger international forces at work,
especially those affecting developing
countries that cannot afford strong
social-welfare programs.
One option for mitigating globalization’s international displacement
effects is “aid for trade,” which the
Columbia University economist and
free-trade
evangelist
Jagdish
Bhagwati proposed over a decade ago.
Bhagwati recognized that free trade
can be a disruptive force that requires
international coping mechanisms,
especially for less dynamic developing countries. He called for financial
transfers from advanced to developing economies to compensate for displaced productive and export capacities (and lost tax revenues), and to
enable recipient countries to overhaul those capacities to become more
competitive.
Navigating the economic transition
to international competitiveness isn’t
easy. It often requires government
interventions to coordinate resources, build infrastructure, and manage
export-promotion projects. Moreover,
policymakers must view comparative
advantage dynamically, rather than in
terms of traditional comparative static (“before and after”) analytics.
International competitiveness is not
just about low costs, but also about
quality control and customer satisfaction, none of which magically happens overnight. Thus, in many cases,
measures that cushion the transition
are essential.
Unfortunately, the new generation
of investment and free-trade agreements that American and European
leaders are pushing for today—often
with exaggerated promises of economic benefits—provide for none of
this. With global trade already significantly freed up—and with incomes
already stagnant or falling—claims
that new FTAs will boost incomes are
dubious, at best.
On the contrary, for developing
countries, proposed agreements like
the Trans-Pacific Partnership pose
serious threats: their non-trade provisions strengthen the hand of
financial rent-seekers, intellectual-property owners, and multinational corporations vis-à-vis governments—all of which would hold
emerging economies down, rather
than helping them up.
We’ve heard from globalization’s
victims in developed countries, where
most people have seen no income
gains in more than a decade. But if
these non-trade provisions are adopted, we will soon see a backlash in
developing countries as well, unleashing political and economic consequences the likes of which we can
hardly anticipate.
Jomo Kwame Sundaram was
Assistant Director-General and
Coordinator for Economic and Social
Development in the Food and
Agriculture Organization of the
United Nations; Vladimir Popov is a
principal researcher in the Central
Economics and Mathematics Institute
of the Russian Academy of Sciences
hundreds of telecoms operators, and
whose director general, Mats Granryd,
is a member of the Business
Commission—and its members are
facilitating microfinance in rural areas.
With mobile phones, farmers can quickly find information ranging from seed
prices to weather patterns, and have
immediate access to the funds they need
to complete transactions. This
mobile-enabled information leads to
better decision-making, saving the
farmers money and boosting their resilience to extreme-weather patterns and
droughts. And of course mobile providers benefit as well from operating in an
expanded rural market.
There are also opportunities in peerto-peer lending networks, whereby
online services match lenders directly
with borrowers. P2P micro-lending platforms such as lendwithcare.org,
Lendico, and RainFin have proved popular, and could re-energize the microfinance community and provide wider
access to loans for SMEs in developing
countries. Financial products like
weather derivatives—which insure the
harvests and enterprises of SMEs and
some of the world’s poorest people—
also have potential.
If the world is serious about mitigating the worst effects of climate change,
especially its disproportionate impact
on vulnerable communities, both the
public and private sectors should support efforts to extend microfinancing
to SMEs. Those on the front line of
protecting lives and livelihoods can’t go
it alone.
Mark Malloch Brown, a former UN
deputy secretary-general and UK
Foreign Office minister of state for
Africa, is Chair of the Business and
Sustainable Development Commission
C M Y K
kathmandu post
kathmandupost.ekantipur.com
the
PG 08 | Monday, august 8, 2016
In the fast lane
With the Nepali automobile market saturated with established and newly-emerging brands, what
advantages do well-recognised brands have? And how can new brands gain a foothold?
Shaleen Shah
T
he streets of Kathmandu are
crammed with sheer numbers
of cars, motorbikes and scooters honking away at each other.
As the urban myth goes, the
total length of all vehicles put
end on end is greater than the cumulative length of all the roads of the
city. Year by year, this number is
only increasing. In fact, the total
number of registered cars, Jeeps
and vans more than doubled in the
past fiscal year, from 10,528 to a
brow raising 21,647.
Only a few decades ago, there
were only a handful of well-known
automobile brands in Nepal.
Today, new auto brands are
launched every few years. In such
a rapidly changing market, crowded with myriad brands and products, what role does the reputation
of a brand play in raising its
appeal with the customers? How
do established brands maintain
their momentum and how do new
brands penetrate the market?
Well established brands have a
competitive edge in the market
because of their reputation, however, this does not necessarily
mean that they don’t face challenges. When a new brand enters the
market and offers unique features,
older brands rev up their products
as well as marketing in order to
avoid falling behind. “Living up to
a brand’s established reputation is
a challenge,” says Karun Shakya
from CG automobiles, “Each brand
or product has its forte. For example, Suzuki offices have excellent
sales service and infrastructure,
whereas its products offer higher
mileage and ease in maintenance.
Likewise, other products and
brands may have other aspects in
which they specialize in.”
According to Shakya, advertising and marketing is as important
as product quality. Shital Dahal
seconds this argument. “A brand
cannot survive solely by creating
good products.” Dahal points out,
“They have to sell it too. Advertising
sways people’s attitudes people
towards products. Often-times, a creative newspaper advertisement
may generate greater sales than a
superior product. In this industry,
using creative marketing and
advertisement strategies is one of
the biggest challenges. Without it,
companies are likely to collapse.”
Conventional wisdom would
state that top brands largely dominate the market whereas newer
ones quickly become obsolete.
After all, would people buy new
products when there are already
trustworthy ones in the market?
The answer is, yes. Countless automobile brands have emerged and
held value in the market, despite
the plethora of competitions. How do new
brands establish themselves in the saturated
market? Karun Shakya
provided the Post with a
possible explanation,
“The answer can be
summed up in one
w o r d — c u r i o s i t y.
Whenever a new player
enters the market, there
is a lot of anticipation.
If it is of decent quality,
provides
something
n Karun
unique, and is advern Bikash Bajagain
Shakya
tised correctly, it will n Shital Dahal
most likely sell.”
Skoda is a relatively new
are much sought after.”
brand in Kathmandu. With other
Like Skoda, other brands are
bigwigs already in the market, how continually penetrating into the
did Skoda make its stand? It is nec- automobile industry whereas well
essary to scrutinize Skoda’s quirks established brands are racing to
in order to reveal the answer. maintain the status quo. But in
“Skoda is primarily known for its this ever changing market, which
luxury
automobiles—chiefly is a bubbling soup of brands and
sedans and SUVs,” says Bikash products—both old and new, how
Bajagain, assistant manager of
does one select confidently select a
marketing at MAW Enterprises, vehicle which would suit one’s
“Luxury, comfort and safety are needs? There is no clear answer,
Skoda’s strong suits. In fact, when but there is a logical approach to it.
it comes to luxury vehicles in
Recently, a Jeep Grand Cherokee
Kathmandu, Skoda is one of the SUV ran over Star Trek actor
first brands that comes to mind. Anton Yelchin, pinning him down
These aspects helped Skoda move to his mailbox and killing him.
into the automobile industry and The distressing part is this—the
now, even though it is not one of
SUV was his own. Yelchin climbed
the leading brands, its products out of the vehicle, thinking he
had shifted its gear to Park. Due
to a defect in the vehicle, the
SUV did not adequately alert
the actor that it was still in gear
and allowed him to exit without
any warning. Now, when it
comes to SUVs, Jeep is the first
company that comes to mind. In
fact, SUVs have been unofficially renamed as “jeeps” in the
same way that the phrase
“search” has been replaced by
“google”—a courtesy of the
Jeep’s
leading
products.
However, this led to Anton
Yelchin’s death—a defect in one
of Jeep’s products.
Coming back to the question—
how does one select an automobile
from the variety of options that
are available? Is it wise to experiment with newer brands which
offer novel and exciting features?
Taking everything into account,
including the Jeep incident, is it
safe to assert that products are
only as good as the engineers and
contributors who created it. Big
brands may hire skilled employees
and as a result, create superior
products, but this might not always
be the case. Thus, it is important to
closely scrutinize the product
itself, but not
necessarily
the brand or
the advertising.
Keep your brand relevant
All brand managers would love to have a brand that is hot, relevant and shows the kind of retail velocity
that we all dream about. Unfortunately, this doesn’t always happen. Like musicians, brands get stale
and irrelevant unless they reinvent themselves to be current. Here are tips to help your brand gain
new-found relevancy with your customer-base:
Have vision
All brands have ebbs and flows. It
is important for your brand to
always understand the dynamics
of the marketplace. Even Apple,
the brand that could seemingly do
no wrong, is being questioned
about its future innovation. If
Apple can hit a bump in the road,
any brand can. Therefore, as a
brand manager you must look
ahead to what’s on the horizon and
be ready to adapt before it’s too late.
what their target consumer wants
and what their motivations are.
This is a huge problem and it happens all the time. Consumers are
fickle. When you start to think for
them, you are in trouble. Thus, utilize all your communication vehicles--research groups, social media,
and retail outlets--to ask a lot of
questions. This hands-on information gathering will reveal valuable
information that can easily translate into product value propositions.
re-discover the brand
or take notice for the first
time through innovation. You see
it often in the spirits, automotive
and consumer technology spaces,
where the “what have you done for
me lately?” mantra thrives. Don’t
veer away from what made your
brand successful; however, the
right kind of innovation can turn
you into front-page news, which
will ensure your brand stays relevant.
Ask questions
One of the biggest challenges
brand managers have is the threat
of becoming myopic. They begin
to believe that they know exactly
Innovate
One of the biggest opportunities
for older brands is to create a reason for existing customers and
potentially new customers to
Be open to new Approaches
Recognize that today’s consumer
is buying online. As such, consider
your retail distribution and determine if there are new, creative
You are a brand W
Just like with any other brand,
the things you do affect your
personal brand for the better
or for the worse
hen we think of brands, we think
of brand names that represent
products and companies usually, or
that identifying logo or name that
identifies something. However, a brand
is basically just the identifier of something and therefore each of us has our
own brand. Your name is your brand,
and your reputation affects that brand
in the eyes of others. Just like with any
other brand, the things you do affect your
brand for the better or for the worse.
If you stop for a moment, and think
about the names of other public people,
and what type of thoughts or imagery
pop into mind when thinking about
them, that is how they have branded
themselves to the outside world. Think
of people like Britney Spears, Lady
Gaga, Ron Paul, Angelina Jolie, Donald
Trump; what kind of image and thoughts
do those brands represent to you?
So, your job is to make your brand as
positive as possible, so that anyone
hearing your name will instantly have
good things come into mind, and not
thoughts that give them reservations
about you.
In all you do, be consistent as this is a
great trait to have attached to your
brand. Perform at your best all of the
time, and consistently maintain a good
work ethic and project completion. If
you are the type of worker that focuses
on getting and achieving only the high
profile, high profit tasks, and blow off
or pass away what you consider menial
tasks, then you are setting yourself up
for some negative branding. Be consistent and show that you can consistently
produce and deliver on a task, regardless of the size or importance.
Keep your word and do not make
promises that you know are stretching
it or outright impossible. Making such
promises to clients or your company
can obviously hurt your brand when
you fail to deliver.
Keep an eye on how you are perceived in the social media world. If you
grumble, complain or attack others on
your social media networks, this can
become a bad mark on your brand in
the eyes of others. Within the circles of
people I associate with online, I personally know about three people that the
mere mention of their names ignites
anger, hatred, or mockery. They have
zero respect and have ruined their
ways
to make your product more available. Could going direct to consumers work? How about e-commerce?
Any of these could be good
options, depending on your brand,
your consumer, and where they
typically shop.
Take chances
What made you successful might
be completely irrelevant today.
Thus, keep an open mind and consider all options with a fresh perspective. Though the crazy, turbulent consumer marketplace is
fraught with challenges, it is also
what makes marketing so exciting.
brand to the point where nobody cares
what they say before they even say it.
They have basically burned every
bridge they could, and their name is
mud. Do not be conceived by others as a
hateful, arrogant, obnoxious, self-centred, self-righteous jerk even on social
media, because remember, companies
and hiring agents use social media for
finding job candidates.
Do not be invisible at work. You may
feel that your job requires you to fly
under the radar more, in order to not
garner attention or be called out for
some undesirable task, and that may be
your survival method. However, it does
not assist you in advancing your career
or thriving in your job. Applying all of
the above mentioned tips allows you to
step out and make a better name for
yourself.
Make sure your speech matches your
actions. If you are constantly telling colleagues how much you value their time,
but then continually show up late to
appointments with them, that is a negative strike against your brand. As it is
commonly said, actions speak louder
than words, so be sure your words and
actions are consistently a match.
So, in all of your speech and action,
apply all efforts you can to improving
your brand, and watch for ways you can
trim back and eliminate things that may
be putting a negative spin on your brand.
C M Y K
09
thekathmandu post
escalate
Monday, August 8, 2016
Right person
for the right job
In today’s highly
specialised world it
is even more crucial
that employers play
to their employees’
core strengths
Resta Jha
O
vercoming
insurmountable
odds and much to everyone’s
delight, Leicester City recently
won English Premiere League.
Wales and Iceland beat Belgium
and England to reach semi-final
and quarter-final respectively in the
recently
concluded
European
Championship. If we analyse these
success stories closely, two things
will be emerge--wonderful team-work
and the fact that the managers fielded
right players in the right positions.
All of these teams beat much bigger
and wealthier teams on their way to
glory. This was possible primarily
because the players knew their jobs—
either in goalkeeping, defense, midfield or striking positions--and they
worked really hard in their respective roles. But perhaps most importantly, each one of them enjoyed the
respective challenges pertaining to
their specific roles. Success, then,
was all but inevitable.
These very principles are applicable in the business world as well. In
any entity, jobs can be segregated
into front office and back office functions or technical and marketing/
sales functions. While back offices
and/or technical jobs require
research capabilities, analytical
skills, number crunching and so on,
marketing/sales functions require
sound personality, good presentation
and interpersonal skills.
Introverted people are more suitable for office work, whereas extroverted ones do well in marketing
roles. We have seen many examples
where people have failed miserably
when they are placed in a department against their strength profile.
For example, an officer, who has wonderful inter-personal capabilities,
was working in an operation department, where one needs to follow
structured processes and stay confined to table work. He could not
deliver good results in this area. But,
once he was transferred to sales function within the same organisation,
his performance became instantly
better. The second job matched his
strength profile because he was
extrovert, had wonderful inter-personal skills, always liked meeting
people, marketing the products and
hence could increase sales for the
organisation.
He
enjoyed working in
the marketing department as the job
requirements
matched his individual preference,
whereas he was
not doing well
earlier as the job
requirements
were against his
natural likings.
At the previous
job he was constantly pushing himself to delivering
results, often-times
against his will.
Another example,
an individual who
was absolutely hard working but
lacked any substantial experience,
was assigned to handle a small retail
business. Although, business was not
large, she had to oversee all the four
critical areas of business, namely
supply, production, demand and collection functions. Her role also
required wonderful HR and leadership skills. There were people to provide her with strategic inputs, how-
ever, there was no guide or supervisor to oversee her functions on a
day-to-day basis. Although this
individual was highly committed,
she failed because she was not the
right person to lead a venture at that
point in time in her career. She was
subsequently transferred to the
finance department, where she was
provided with continuous supervision, after which her efficiency
increased many fold.
What I am trying to get at here is
that one should always do what they
love to do. This is not just applicable
for entrepreneurs who begin their
own ventures in a sector that they
like, but it is also crucial when they
are hiring a team to support and
implement their ideas. If someone is
not enjoying the work, she/he should
quit that job and switch to a work in
line with her/his preference. These
days training and development initiatives are also focused on individual’s strengths rather than her/his
weaknesses.
As we move towards age of specialisation, it is no longer necessary
to become a jack of all trades. Today,
employees at an organisation are
required to perform highly specific
tasks. In this backdrop employers
Leicester City’s recent Premier
League triumph highlights the
value of fielding the right
team-players in the right
positions and keeping them
constantly motivated
would be well advised to focus on the
strengths and the core competencies
of their employees. Employees themselves should also stay aware of what
their strengths are. When they begin
to play to their strengths, their work
no longer becomes a dredge. They
instead begin to perform a lot better
because they are actually passionate
about the job they are doing because
it is aligned with their interest and
core competencies. Work then
becomes not just exponentially productive, but also a whole lot more fun
again.
When an organisation finds that
crucial balance, there are no mountains that can’t be conquered. Just
ask Leicester City.
Jha is the founder and executive
chairman of KFA Business School
Becoming a great interviewer
The in-person interview is the meat of the hiring process. It’s here where you’ll separate the contenders from the pretenders
and come to your ultimate hiring decision. Here are some tips and suggestions to help you excel as an interviewer:
First impression is everything
This is a two-way street. Be on time,
it’s simply polite. Be sure the area in
which the interview takes place has
a neat, professional appearance.
Remember, the impression you make
is just as important as the way in
which you perceive the candidate.
Do not take a bad day into the interview with you. Your attitude creates
a perception, whether good or bad.
Make arrangements not to be interrupted, this time is an investment in
the future of your company. Be cordial, right from the beginning. If you
really want to find out what a candidate has to offer, make the candidate
feels welcome and the interview
more conversational than strictly a
question and answer session.
Be cognisant of the job
requirements
This information comes from the list
you compiled in the beginning of
your search. Refer to it often during
the interview process so you can
continually direct the conversation
toward the evaluation of these
attributes. Make sure you take
detailed notes of each candidate’s
responses. These notes will help
define one candidate from another in
the final decision process.
fully, evaluate how well the contenders stack up against your wish list,
and pick your top three choices.
Remember, just because you are
enthusiastic about working with a
candidate, doesn’t necessarily mean
a candidate is enthusiastic about
working with your company. Pick
three winners, and try to close your
number one choice first. If not successful, you still have two worthy
candidates from which to choose.
jobs site links
https://www.merojob.com
https://www.kantipurjob.com
https://www.growthsellers.com
https://www.globaljob.com.np
https://www.realsolutions.com.np
didate is a contender to fill the position, you need to “sell” the prospective employee on the job, your company and yourself as the future manager. Explain the challenges and
rewards of accepting this new
responsibility. Stress the positives of
working for your company.
Keep your options open
Once the interview process is over,
it’s time to review your notes care-
Money isn’t everything
A competitive compensation package
will go a long way toward attracting
and retaining good employees, but
it’s not just money that will keep
them bound to you. Compensation
programs that reward employees for
excellence, through recognition
and growth, encourage continued
achievement. Today’s executive
wants to be involved, appreciated
and challenged. The greater the
opportunity to contribute and
be rewarded for accomplishment,
the higher morale and productivity
will be.Benefits, like compensation,
improve loyalty among employees.
The ability of an employer to maintain a fluid benefit and compensation program, the more attractive a
company becomes.
Envision the
future working
relationship
If a candidate
can successfully
provide proof of
their ability to
assume your
open position,
you still need to
investigate their
willingness to
get the job done
and their manageability once
on the job.
Explore personality and organisational traits to
illustrate their
approach to specific tasks. Probe
past relationships with supervisors and subordinates. This
portion of the
interview can
become uncomfortable, but it’s
absolutely necessary to avoid
potential trouble.
Sell your
company to
contenders
Just as you are
trying to determine if a candidate is a good fit,
so is the candidate trying to
determine if you
represent a good
opportunity.
Once you are
convinced a canC M Y K
variety
Monday, August 8, 2016
thekathmandu post
10
TODAY’SHOROSCOPE
ARIES (March 21-April 19)
*****
Get a new adventure underway today, and you will show the
universe that you are ready for action! It will reward you with
interesting days. Move any upcoming travel plans into high gear
and get your tickets reserved.
u
d
TAURUS (April 20-May 20)
***
Given the independent energy you’re filled with right
now, it is not a good day for you to work in a team.
You understand the value of alliances, but today you just won’t
have the patience.
GEMINI (May 21-June 21)
*****
You are feeling less serious today, and in the mood for light
conversation and silly stuff. It’s probably due to a huge
surge in your creativity—you’re itching for a way to express
yourself.
CANCER (June 22-July 22)
***
You are faced with a tough climb up a tall mountain, but
you will love the view once you get to the top! You cannot
let this challenge intimidate you and force you to go in another
direction.
LEO (July 23-August 22)
***
Your urge to get closer to someone may be becoming so strong
that it’s unbearable, but before you make any moves, you need to
stop. Pay closer attention to the clues they are sending—they
might not be quite ready to open up to you just yet.
VIRGO (August 23-September 22)
******
Is your career your top focus right now? It should be. Right now,
you are in a phase of rich clarity—you have the ability to fully
understand the opportunities in front of you in a way you never
could before.
Yesterday’s Solution
s
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k
u
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r
o
WORD GAME
GRAFFITI
s
s
w
o
r
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LIBRA (September 23-October 22)
*****
If you are made a group leader today, your group is going to be
very lucky! You’re smart as a whip and able to cut through the
politics that inevitably happen whenever more than two people
get together.
SCORPIO (October 23-November 21)
*****
This could be the day when all of your hard work will finally
pay off! If your boss has been a big problem for you lately, you can
say goodbye to any tensions quite soon.
SAGITTARIUS (November 22-December 21)
****
If you think that you need to start making some changes, then do
it. You can’t wait for other people to give you permission. This is
your life to lead. The kind of growth you experience and the types
of changes you make are totally up to you.
CAPRICORN (December 22-January 19)
****
Your vision is going to be clear as a bell today, so it’s a great day
to finally come to a decision on that issue you’ve been wringing
your hands over for so long. You need to make a choice, then stick
to it!
DILBERT
RIPLEY’S BELIEVE IT OR NOT
AQUARIUS (January 20-February 18)
****
If there’s a party going on and you’re not on the guest list, so
what? This fact shouldn’t stop you from being a part of the good
times. You have enough creativity and charm to be able to figure
out a way to get on the list and in on the fun.
PISCES (February 19-March 20)
****
The past few days may have been dragging along too
slowly for you, and the slower pace is sure to continue today.
Try not to get frustrated, though. Time might feel like it’s moving
slowly, but its okay.
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Q: If you were forced to go through one of the following doors, which
door do you go through with 100 percent certainty you’d stay alive: a
door with a man with a gun behind it, a door with a tiger who hasn’t
eaten in seven years behind it, or a door with an electric chair behind it?
A: The one with the tiger behind it, because if it hasn’t eaten in seven
years it’s dead.
nnn
A completely inebriated man was stumbling down the street with one
foot on the curb and one foot in the gutter. A cop pulled up and said,
“I’ve got to take you in pal. You’re obviously drunk.” The wasted man
asked, “Officer, are you absolutely sure I’m drunk?” “Yeah buddy, I’m
sure,” said the cop, “Let’s go.” Breathing a sigh of relief, the wino said,
“Thank goodness. I thought I was crippled.”
5:00Bhaktisur/
AmritBani
6:00 Jeevan Bigyan/
Jyotish Manthan
6:40 Sky Shop
7:00 Kantipur Samachar
8:00 Kantipur News
8:30 Rise N Shine
9:00 Headline News
9:05 Sajha Sawal
10:00 Kantipur Samachar
10:30 Market Updates
11:00 Headline News
11:05 Ukali Orali
11:30Feature
12:00 Kantipur Samachar
12:30 Score Board
1:00 Headline News
1:05 What The Flop
1:30 Kilo Tango Mike
2:00 Kantipur Samachar
2:30 Rise N Shine
3:00 Headline News
3:05SajhaSawal
4:00 Kantipur Samachar
4:30 New Entry
5:00 Headline News
5:05 Call Kantipur
Reloaded
6:00 Kantipur News
6:30 Here I Come
7:00 Kantipur Samachar
7:30 Market Updates
8:00Kantipur
Samachar
9:00 What The Flop
9:30Fireside
10:30 Kantipur News
11:00 Kantipur Samachar
11:30 Market Updates
12:00 Call Kantipur
1:00 Kantipur News
1:30 What The Flop
2:00 Kantipur Samachar
2:30 Here I Come
3:00 Kantipur Samchar
3:30Fireside
4:30 What The Flop
00:00 Non-Stop Hindi
Songs
02:00 Non-Stop Nepali
Pop/Adhunik Songs
04:00 Non-Stop Bhajan
05:00 Bhakti Anusthan
06:30 Kantipur Diary
07:00 The Headliners
07:30Surakchit
Aawas
08:00 Kantipur Diary
08:05Jumpstart
09:00 Kantipur Diary
09:15 Traffic Update
09:30 All The Time Ten
10:00 Kantipur Diary
10:05Highway
11:00 Kantipur Diary
11:05 Manka Kura
12:00 Kantipur Diary
12:10 Malai Mann
Parcha
13:00 Kantipur Diary
13:05 Ke Chha Nepal
14:00 Kantipur Diary
14:05 Ke Chha Nepal
15:00 Kantipur Diary
15:15 Lok Koseli
16:00 Kantipur Diary
16:05 My Best Friend
17:00 Kantipur Diary
17:05 Music Lounge
18:00 Sport World
18:30 Kantipur Diary
18:55Khoj
19:00 Love Songs @ 7
20:00 Kantipur Diary
20:05Recycled
21:00 Kantipur Diary
21:30Indreni
22:00Nocturnal
23:00 Bhaav Sambeg
Savour the cardamom and saffron spice,
slow-cooked kebabs and kormas at Indian
restaurant serving Awadhi cuisine.
contact: 427399, at Soaltee Crowne Plaza
E
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S PEARLS BEFORE SWINE
T
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S
GARFIELD
SUCIDE SQUAD 3D
QFX LABIM Mall: 9:00/11:30/12:00/15:00/
18:00/19:15
QFX Kumari: 8:15/11:15/14:15/19:30
QFX Civil Mall: 9:00/12:15/15:30/18:45
F
I
L
M
S
SUCIDE SQUAD
QFX Jai Nepal: 15:15
QFX Civil Mall: 16:15
DISHOOM
QFX Civil Mall: 12:15/15:15/18:30
QFX Jai Nepal: 12:00/18:15
QFX LABIM Mall: 13:30/16:30
QFX Kumari: 15:00
LIGHTS OUT
QFX LABIM Mall: 11:15/14:45/19:30
QFX Kumari: 12:00/17:15
QFX Civil Mall: 14:15/19:15
SUNTALI LAI BHAGAI LAGYA
JHILKELEY
QFX Civil Mall: 11:15
QFX Kumari: 18:15
ICE AGE: COLLISION COURSE 3D
QFX LABIM Mall: 16:45
Dip yourself at probably the best pool in the
town at Park Village Resort. Rate: Rs. 1500
for adults & 1300 for children and includes
french fries, free Wi-Fi & 20% discount on
Food & Beverage. Contact: 9801033114
Weekends brunch @ Hyatt Regency—treat
yourself with a lavish buffet lunch, splash by
the swimming pool or laze around outdoor,
Jacuzzi, all for just Rs 2300 plus taxes per
person. Contact: 4491234
Sandwich and Crepes: Taste the sandwiches and crepes at The Lounge from 11 am to 6
pm everyday. For further details call Hyatt
Regency at 4491234.
Enjoy live DJ nights, on every Sunday chill out/
ambient, Wednesday tech/ funk house & Friday
psy/ proggy/ full on from 6:00 pm to 10 pm at
garden and 7:00 pm onwards at club at Funky
Buddha Resturant & Bar, contact: 4700091
Krishnarpan—a specialty Nepali Restaurant
at Dwarika’s, 6 courses to 22 courses Nepali
meal served. Opening Time: 6 pm-11 pm. Prior
reservations required, contact: 4479448
China Garden offers delectable dishes from
across Asia, including Japanese, Korean,
Vietnamese and Chinese. Timings: Lunch:
1230-1445 hrs, Dinner: 1900-2245 hrs,
contact: 427399 at Soaltee Crowne Plaza
Relax and Unwind this summer at
Waterfront Resort, Sedi Height, Pokhara @
Rs. 6000 Nett per night on Bed & Breakfast
basis. Contact: 9801133378 / 9849143552
We serve nothing but the finest Arabica
coffees at great value prices at Barista
Lavazza Coffee Restaurant, Lazimpat,
Contact: 4005123/4005124
Rosemary Kitchen and Coffee shop,
Thamel, opening hours: 7:00 am to 10:00
pm offers an International cuisine in reasonable prices. Contact 01-4267554
Enjoy snacks and drinks from 4:00 pm to
11:00 pm every day and nightly live music
from “The Corner Band” except Tuesday and
Saturday from 7 pm to 11:00 pm at Corner
Bar, Radisson Hotel. Contact: 4411818
Set within the historic Garden of Dreams, the
Kaiser Cafe Restaurant and Bar, Thamel, offers
a continental menu and serves as an atmospheric
venue for anything from a quiet coffee or intimate
meal. Contact: 442534
Jasmine Fitness Club and Spa, Fully
equipped gym and spa; Zumba, aerobics and
cardio classes; therapeutic massage; beauty
parlour and men’s salon. Tripureshwor;
Contact: 4117120
The Italian restaurant serves authentic
Italian cuisines in an elegant ambience for
both lunch and dinner. Timings: Lunch:
1230-1445 hrs, Dinner: 1900-2245 hrs,
Contact: 427399, at Soaltee Crowne Plaza
Garden Terrace offers an authentic world
cuisine, providing diners with the unique
experience of observing their selected dishes being prepared by chefs. Contact:
427399 at Soaltee Crowne Plaza
Mako’s offers traditional Japanese food
served. Don’t miss out on Mako’s special
Tempuras, and green tea ice cream, Time: 11:
30-14:30 & 19:00-22:00, contact: 4479448
Bourbon Room, Lal Durbar Marg is open for
lunch from 12 noon. Enjoy affordable and delicious meals starting from Rs 99! We are currently offering Indian & chinese combos along
with momos. Call: 4441703
Out-of-Africa Lunch amid rural splendor:
Sat & Sun from 1130 to 1630 hours at The
Watering Hole, Indrawati River Valley.
For prior reservation contact: [email protected]
Every Friday BBQ from 7:00 pm at Fusion
Bar & Pool side at Dwarika’s Hotel with live
band “Dinesh Rai and Sound of Mind”. Price Rs
1600/ includes BBQ dinner and a can of beer
or a soft drink. Contact: 4479448
Trisara offers food and drinks along
with good music and great times. Sunday- Live
Music by Barbeque Night, Monday, Wednesdayby Positive vibes, Tuesday, Saturday-By Jyovan
Bhuju, Friday-Live Music by Dexterous
Ayurveda Health Home has been providing
ayurvedic treatments/ massages,
sirodhara & counseling for stress, detox &
rehabilitation. Dhapasi, Kathmandu:
01-4358761, Lakeside Pokhara 061-463205
Every Friday evening enjoy Starry Night
BBQ from 7 pm onwards at Shambala
Garden Café at Hotel Shangri La with live
musical performance by Ciney Gurung.
Contact: 4412999
Kaiser Cafe Restaurant & Bar at The
Garden of Dreams, opening time: 9 am till 9
pm, offers an international cafe menu serving breakfast, lunch, dinner, specialty tea’s,
coffees and pastries, contact: 4425341
Manny’s Eatery and bar introduces a special lunch package that is affordable, tasty,
nutritious and quick enough to fit your lunch
break, Jawalakhel, Shaligram complex,
5536919
Enjoy a Barbecue Buffet at the Radisson
Hotel, wide selection of mixed fresh grills and
vegetables together with a choice of salads and
a delicious dessert buffet at a rate of Rs. 1,350
plus taxes per person. Contact: 4411818
Make your weekend more exciting with
family and friends with sumptuous Satey,
Dimsums, Mangolian Barbecue and Pasta at
The Cafe from 12:30 noon to 4:00 pm. Call:
Hyatt Regency, at 4491234
Hotel Narayani Complex, Pulchowk, Lalitpur
presents Shabnam & Cannabiz Band every
Wednesday and Rashmi & Kitcha Band every
Friday, 7:30 PM onwards @ Absolute bar P Ltd;
Contact: 5521408
Enjoy Bubbly Brunch every Saturday from 11
am to 3 pm at Shambala Gardena and Club
Sundhara. Contact: 4412999
Embers Bar, Pulchowk, in all its sophistication and glory is happy to announce
Happy Hours every 6-7pm. It will be
hosting a Barbeque night every Friday from
6:30-9:30pm
The Toran, an ideal location for all day lounging and informal dining offers multi-cuisines.
Contact: Dwarika’s Hotel, 4479488
Latin—Gypsy Jazz at The Corner Bar,
Radisson Hotel, Kathmandu with Hari
Maharjan feat Monsif Mzibiri, 7 pm onwards,
Wednesdays & Fridays. Contact: 4411818
The most delightfully awesome chicken
momos & yummy rich chocolate cake on this
part of the planet @ Just Baked Bakery &
Cafe, Battisputali, offering much more specialties at affordable price.
Starry Night BBQ—every Friday Evening from
7:00 pm at Shambala Garden Café, Hotel,
Shangri~La only @ Rs 1799 net per person
and live performance by Ciney Gurung.
Contact: 4412999
Revolution Cafe, AmritMarg, Thamel, away
from busy crowed street, offers great
music, fast wi-fi and wide menu with reasonable prices. Operation hours: 7 am to 10
pm, contact: 4433630
Learn cardio, gym, aerobics, zumba, spa,
boxing, kick-boxing, b-boying, bollywood
dance at Oyster Spa and Fitness Club,
Sinamangal. Time: Sunday to Friday from 5
am to 8 pm. Contact: 4110554
Experience The Last Resort, the perfect
place for family fun adventure and relaxation.
Special packages for residents. Contact:
4700525/ 4701247 or mail us at
[email protected]
Asia World Travel Pvt Ltd presents fascinating luxury escapades to amazing destinations:
Prague, Ladakh, Bangkok, Singapore, Kuala
Lumpur, Mount Kailash and Panchpokhari in
North East Nepal. Contact: 6222604
Jungle Safari Lodge, Sauraha Chitwan
offers 2 Nights 3 Days package only for Rs
6500 per person. Suman 9851008399
Much needed getaway—1 night/2 day package
@ Hyatt Regency. Enjoy luxury stay of a five
star hotel for a couple with breakfast and
access to spa facilities for just Rs 9999 plus
taxes per person only. Contact: 4491234
Experience the Gyakok @ Shambala
Garden, Hotel Shangri~la only @ Nrs.1700
Nett per person and Nrs.3000 Nett for couple. For more details and reservation:
4412999
Enjoy Gourmet Saturday Brunch with
your family and friends at the Sunrise
Restaurant , Hotel Yak & Yeti from 12-7 pm
every Saturday. Contact: 4248999
Escape, relax and get in shape @ Hyatt
Regency. Embark on a personal well-being at
Club Oasis. Remember us for Tennis, sauna,
Jacuzzi, swimming, fitness centre and Beauty
Salon. Contact: 4491234
Yoga detox and Ayurveda treatments and
retreats every day at Himalayan Peace &
Wellness Centre, Park Village Hotel. Get 10%
discount on all Ayurvedic treatments.
Contact: 980106661
C M Y K
sports
kathmandu post
the
PG 11
sports digest
Goalkeeping
course kicks off
KATHMANDU: The All
Nepal Football
Association (Anfa) under
the auspices of the Fifa
opened the first Fifa/MA
Goalkeeping Course in
Kathmandu on Sunday.
In all, 27 coaches are taking part in the course
scheduled to conclude on
August 11. Fifa/AFC
instructor Haroon Amur
Al Bartamani of Oman
is conducting the fiveday course. Anfa acting
president Narendra
Shrestha said such programme will help
strengthen the technical
manpower of the football
governing body. (IANS)
kathmandupost.ekantipur.com
MONDAY,AUGUST8,2016
Sinclair reunited with Rodger
Hamsik extends Napoli contract
Scott Sinclair has been given a chance to revive his
career by his mentor Brendan Rodgers after completing his transfer from Aston Villa to Celtic on
Sunday. The 27-year-old winger—never capped by
England at senior level but who played for the Great
Britain side at the 2012 Olympics—has signed a
four-year contract with the Scottish champions.
Napoli have moved to quash speculation surrounding
the future of Marek Hamsik by extending the Slovakia
star’s contract by two seasons. The 29-year-old
Hamsik, who has been at the Serie A side since 2007,
starred for his country at Euro 2016 in France and had
been linked to a host of Europe’s biggest names but
now appears set to stay at Napoli.
Age against Ibrahimovic: Wenger
Arsenal manager Arsene Wenger said newly-signed Manchester United striker Zlatan
Ibrahimovic is not certain to be a success in the
Premier League because of the advancing age of
the former Sweden captain. Ibrahimovic joined
United after a glittering career with Ajax,
Juventus, Inter, Barcelona, Milan and PSG.
England win, take 2-1 lead
Summary
England (297 & 445-6 decl) beat
Pakistan 400 & 201 (S Aslam 70, A
Ali 38; J Anderson 2-31, S Broad 2-24, C
Woakes 2-53) by 141 runs
Schmeichel inks
new Foxes’ deal
LONDON: Leicester City
goalkeeper Kasper
Schmeichel has committed his future to the club
by signing a new fiveyear contract, the
Premier League champions announced on
Saturday. Schmeichel,
son of Manchester
United and Denmark
great Peter, kept 15 clean
sheets last season and
played every minute as
Leicester pulled off a
5,000-1 upset by winning
the Premier League.
Capped 22 times by
Denmark, Schmeichel
joined Leicester from
Leeds United in 2011
and has made 220
appearances for the
club. (AFP)
Man City sign
forward Moreno
LONDON: Teenage
Colombian forward
Marlos Moreno has
joined Manchester City
on a five-year contract,
the Premier League side
announced on Saturday.
The 19-year-old arrives
from his formative club
Atletico Nacional and
will spend the 2016-17
season on loan at
Spanish side Deportivo
La Coruna. He is reported to have cost City £4.75
million. Moreno has
been capped seven times
by Colombia and helped
Atletico Nacional win
this year’s Copa
Libertadores. (AFP)
Schalke new boy
Coke injured
BERLIN: Schalke’s new
signing Coke is expected
to miss the rest of 2016
after the Spanish rightback suffered suspected
torn cruciate knee ligaments in a pre-season
friendly. The Bundesliga
club are waiting on an
exact diagnosis to hear
how long they will be
without the Spanish
defender, full name Jorge
Andujar Moreno but
known as Coke, who suffered the injury in
Thursday’s 2-1 win over
Bologna. (AFP)
Szczesny
eyes title
with Roma
n England’s James Anderson (right) celebrates with Joe Root after dismissing Pakistan’s Yasir Shah during the fifth day of their third Test match in Edgbaston on Sunday. Agence France-Presse
BIRMINGHAM, Aug 7
England beat Pakistan by 141
runs in the third Test at
Edgbaston on Sunday to go 2-1
up in the four-match series.
Pakistan were bowled out
for 201 after being set a target
of 343 for victory when
England captain Alastair
Cook declared his side’s second innings on 445-6 early on
Sunday’s fifth and final
day. Earlier, Chris Woakes
struck twice in quick succession on his Warwickshire
home ground as Pakistan’s
dramatic middle-order collapse left England on the
brink of victory.
At tea on the final day,
england-pakistan 3rd test
Pakistan were 148-7 after losing four wickets for just one
run in 23 balls. Pakistan were
124-3 when their collapse
started, with captain Misbahul-Haq (10) caught behind off
Steven Finn to give the persevering fast bowler his first
wicket of the series. Asad
Paul Pogba set for record
Man United transfer
Agence France-Presse
LONDON, Aug 7
France
midfielder
Paul
Pogba’s world record transfer
to Manchester United from
Italian champions Juventus is
poised to go ahead subject to
him passing a medical, the
clubs confirmed on Sunday.
The long-running saga suddenly took a huge step forward
when
Juventus
announced they had granted
permission for the 23-year-old
to undergo the medical at a
club he left four years ago for
a pittance. The move is also
subject to Pogba agreeing his
personal terms with the club.
“Yes, Pogba has been authorised to undergo a medical in
Manchester,” a Juventus
spokesman said.
United confirmed the news
with a short statement on
their club website. “Pogba has
been granted permission to
n Paul Pogba
have a medical in order to
finalise his transfer from
Juventus to Manchester
United,” it read. United manager Jose Mourinho is on the
verge of securing the fourth
of his four transfer targets in
the close season.
Pogba, who was part of the
France side that lost to
Portugal in the Euro 2016 final
last month, tweeted rather
enigmatically: “When too
many people talk nobody
understands—talk
very
soon”. Early signs that a deal
was imminent came when
Pogba didn’t travel with the
Juventus squad to London for
a 3-2 friendly win against West
Ham United on Sunday. Media
reports said the French international had already arrived
in Manchester.
The fee for the transfer is
expected to exceed £100 million ($130.4 million) for a player who was able to leave
United for just £800,000 in 2012
and of whom United icon Alex
Ferguson, then the manager,
said at the time had shown no
respect to the club. Pogba,
who enjoyed a successful time
at Juventus winning four
Serie A titles and reaching the
2015 Champions League final,
has been courted by United
for quite some time although
it is really only in this close
season they have persisted.
Shafiq then completed a pair
when he was plumb leg before
to allrounder Woakes for a
four-ball duck. The paceman
then made it two for none in
six balls when Sarfraz Ahmed
was also out for nought as he
edged straight to Joe Root at
second slip.
Reuters
Sami Aslam, playing his
first Test of the series, had
again batted superbly for 70
following the opener’s first-innings 82. But a rare misjudgement by the 20-year-old
left-hander saw him bowled by
Finn as he deliberately left the
ball. It was the end of a more
than three-and-a-half-hour
innings, with Aslam facing
KLAGENFURT (Austria) Aug 7
n PSG’s Hatem Ben Arfa (left) and Lyon’s Maxime Gonalons vie during
their French Supercup match in Klagenfurt, Austria on Saturday. AFP/RSS
New signing Hatem Ben Arfa
was among the scorers as
Paris Saint-Germain (PSG)
romped to a one-sided 4-1 win
over Lyon in the Champions
Trophy, the traditional French
season-opener, on Saturday.
Javier Pastore, Lucas
Moura and Layvin Kurzawa
got the other goals before
Corentin Tolisso grabbed a
consolation as the French
champions won the trophy for
the fourth year running and
gave new coach Unai Emery
some early silverware. What
Spaniard Emery, who arrived
in Paris fresh from winning
three consecutive Europa
League titles with Sevilla, will
make of this early success
remains to be seen, however.
Lyon, last season’s Ligue 1
runners-up who also lost to
Reuters
Rome, Aug 7
AS Roma’s on-loan goalkeeper
Wojciech Szczesny is determined to end the club’s long
wait for the Serie A title this
season.
Szczesny spent last season
on loan at Roma from Arsenal
and has returned to Italy for
another temporary spell at
the club having been deemed
surplus to requirements at
the Emirates Stadium. Having
helped Roma to a third-place
finish last term, Szczesny
believes Luciano Spalletti’s
side can challenge for their
first title since 2001.
“I want to win the Scudetto,
that’s the only objective I
have,” the Poland international told Roma TV on Saturday.
Champions Juventus finished
11 points ahead of Roma last
season to clinch their fifth
straight Serie A title. The
Turin club have also signed
influential
playmaker
Miralem Pjanic from their
rivals in the close season.
“I don’t want to think about
the favourites,” Szczesny
added. “On paper (Juve) probably are, but we showed in the
second half of the season that
we can play at a very good
level for a long period of time.
I think if we continue that we
have a real chance.”
n West Ham United midfielder Josh Cullen (right) and Juventus defender Dani Alves vie for the ball during the pre-season friendly match
at the London Stadium on Sunday. Juventus win 3-2. french supercup
The French league have used this game to promote their
competition in recent seasons, staging it in Canada, the
United States, China and in Africa
PSG in the Champions Trophy
12 months ago, did not turn up
for the first hour at least and
the match was played out in a
surreal atmosphere in a largely
empty
stadium
in
Klagenfurt. “It was a good
result for us but there us still
a lot of tactical work to do and
Ligue 1 will be difficult,” said
Emery, whose side begin their
title defence away at Bastia
next Friday.
The French league have
used this game to promote
their competition in recent
seasons, staging it in Canada,
the United States, China and
in Africa. In Austria, the occa-
n Wojciech Szczesny
pre-season friendly
PSG give new coach Emery early silverware
Agence France-Presse
167 balls including 11 fours.
Finn had now taken two for
none in 11 balls and tea was
put back by 15 minutes to see
if England could wrap up the
game. But instead they had to
content themselves with a session where they took six wickets for 79 runs.
Pakistan’s chase got off to a
stuttering start as Mohammad
Hafeez (two) fell cheaply for
the second time in the match
before first-innings stars
Aslam and Azhar Ali repaired
the damage with a stand of 73.
But Moeen Ali, who earlier on
Sunday had made a quickfire
86 not out in a total of 445-6
declared, accounted for Azhar
on 38 when the off-spinner had
him edging to England captain Alastair Cook at second
slip. Cook decided against
declaring before the start of
Sunday’s play even though, at
414-5, England already led by
311 runs. Jonny Bairstow was
82 not out and Ali 60 not out
after they had taken the match
away from Pakistan on
Saturday. Birmingham-born
Ali, who grew up near
Edgbaston, struck 19 runs in
the first over of Sunday’s play
from Yasir Shah, including
two successive sixes.
Bairstow had added just
one run to his overnight score
when he was leg before wicket
to Sohail Khan on review. Ali
was 86 not out, off just 96 balls
including 10 fours and two
sixes when Cook declared just
four overs into Sunday’s play.
The fourth Test at The Oval
starts on Thursday.
sion could hardly have been
met with greater indifference
by the locals and vast swathes
of the 32,000-seat Woerthersee
Stadion remained empty.
The departure of Zlatan
Ibrahimovic after four glorious seasons in Paris has taken
some of the star quality away
from the champions but they
began a new era by racing
into a three-goal interval lead.
Pastore superbly converted a
Kurzawa cross for the opener
and the Argentine then
squared for Lucas to bundle in
the second under pressure
from Jeremy Morel.
Angel Di Maria hit the bar
with a delightful chip before
setting up Ben Arfa, the former Lyon player taking a
touch and lashing in his first
goal since signing from Nice.
Ben Arfa was the only new
face in the starting lineup
named by Emery, himself a
new arrival after the sacking
of Laurent Blanc.
Pastore set up Kurzawa for
the fourth goal nine minutes
into the second half with the
Lyon defence all at sea and at
that point it looked like PSG
could go on to thoroughly
embarrass their rivals. But
goalkeeper Kevin Trapp was
finally forced into a save from
Maxwel Cornet just before the
hour and midfielder Tolisso
grabbed a consolation goal
with three minutes remaining
when he headed home a
Christophe Jallet cross.
Lyon kick off their campaign at Nancy next Sunday.
AFP/RSS
zimbabwe-new zealand test
Hosts Zimbabwe
fight for pride
Agence France-Presse
BULAWAYO, Aug 7
Zimbabwe’s top order finally
showed some backbone but
the hosts were nevertheless
facing an uphill battle in the
second Test after New Zealand
posted an enormous total on
day two at Queens Sports
Club.
After spending the better
part of two days in the field as
New Zealand racked up 582-4
declared, Zimbabwe responded with a dogged stand
openers
Tino
between
Mawoyo
and
Chamu
Chibhabha to go to stumps on
55 without loss. It was a much
improved start for the hosts,
who slumped to 36-4 and 17-4
during an innings defeat in
the first Test. Chibhabha was
unbeaten on 31 at the close of
play, while Mawoyo was 20 not
out in his first Test innings in
almost three years. New
Zealand’s total was built on a
trio of centuries, with Tom
Latham scoring 136 on the
opening day, and Kane
Williamson making 113 before
Ross Taylor finished unbeaten
on 124. BJ Watling was 83 not
out when New Zealand decided to declare during the tea
interval.
Summary
Zimbabwe 55-0 (C Chibhabha 31, T
Mawoyo 20) trail New Zealand 582-4
decl (T Latham 136, R Taylor 124, K
Williamson 113; M Chinouya 1-64) by
527 runs at stumps on second day
C M Y K
sports
Monday, August 8, 2016
(C.R.P.D.) - 3/052/053
thekathmandu post
12
Golden start for Australia
n 3 world records tumble on first day in pool n Gold medals for Australia’s Horton, women’s relay team
n Hungary’s Hosszu ends long Olympic drought n Hagino hands Japan first gold of swimming meet
Results
Men’s 400m freestyle
1. Mack Horton (AUS) 3min 41.55sec
2.Sun Yang (CHN) 3:41.68
3.Gabriele Detti (ITA) 3:43.49
Men’s 400m IM
1. Kosuke Hagino (JPN) 4:06.05.
2. Chase Kalisz (USA) 4:06.75
3. Daiya Seto (JPN) 4:09.71
Women’s 400m IM
1. Katinka Hosszu (HUN) 4:26.36 (WR)
2.Madeline Dirado (USA) 4:31.15
3.Mireia Belmonte Garcia (ESP) 4:32.39
Women’s 4x100m freestyle relay
1. Australia 3:30.65 (WR)
(Mckeon, Elmslie, Campbell,
Campbell)
2.United States 3:31.89
(Manuel, Weitzeil, Vollmer, Ledecky)
3.Canada 3:32.89
(Mainville, Van Landeghem, Ruck,
Oleksiak)
n Hungary’s Katinka Hosszu competes on her way to break the world record in the women’s 400m Individual Medley final during the swimming event at the Rio Olympic Games at
the Olympic Aquatics Stadium in Rio de Janeiro on Saturday. Agence France-Presse
RIO DE JANEIRO, Aug 7
Hungary’s Katinka Hosszu
ended her long wait for
Olympic
victory
and
Australia captured two gold
medals in an exhilarating
first day of swimming competition that saw three world
records smashed in Rio on
Saturday.
Hosszu, five times a world
champion but without a
medal from three previous
Olympics, demolished the
world record by 2.07 seconds
in the final of the women’s
400 metres individual medley.
Australia’s women retained
their Olympic title by winning the 4x100m freestyle
relay in world record time,
with sisters Bronte and Cate
Campbell swimming the last
two stages to overhaul the
United States, despite the
efforts of Katie Ledecky on
the anchor leg.
Mack Horton’s victory in
the men’s 400 freestyle also
meant Australia had already
doubled their gold medal
tally from a disappointing
Venus crashes out
Agence France-Presse
AFP/RSS
showing four years ago. The
day’s record spree began with
Britain’s Adam Peaty, who
broke his own world mark of
57.92 in the heats of the 100
breaststroke when he clocked
57.55. Tipped to become the
first British man to win an
Olympic gold since 1988, he
then swam 57.62 in the
semi-finals.
In the first of four evening
finals,
Japan’s
Kosuke
Hagino clinched the men’s
400m individual medley, the
gruelling discipline that combines butterfly, backstroke,
breaststroke and freestyle.
Hagino, the bronze medallist
in 2012, won with a time of
four minutes, 6.05 seconds to
end a US stranglehold on the
event dating back to 1996.
Chase Kalisz of the United
States, who had been fastest
in the heats, finished second
and Japan’s Daiya Seto took
the bronze.
In the men’s 400 freestyle,
Australia’s Horton edged out
defending champion Sun
Yang of China and Italy’s
Gabriele Detti, pulling ahead
in the final quarter after
shadowing Britain’s James
Guy and Conor Dwyer of the
US for much of the race.
Hosszu then grabbed the
spotlight with a stunning victory in the 400 individual
medley. Having suffered a
nightmare Olympics in
London, where she started as
a hot medal prospect but
came away empty-handed,
she led from start to finish
and stormed down the final
length with the crowd roaring her on to the record. “It’s
just crazy that I’ve been able
to swim two seconds faster
than anyone ever, ever did.
It’s just crazy,” said the
Hungarian, who will also
contest the 200 IM, 200m butterfly and 100m and 200m
backstroke.
In the women’s relay, the
Australians led off with
Emma
McKeon
while
Brittany Elmslie swam the
second leg before Bronte
Campbell overhauled the
Americans and handed over
to sister Cate, who touched in
three minutes, 30.65 seconds,
beating the previous world
record of 3:30.98 they set in
Glasgow in 2014. “Definitely
my favourite race ever,” said
Cate Campbell.
RIO DE JANEIRO, Aug 7
Four-time gold medallist
Venus Williams, suffering
with a virus, slumped to her
first ever opening round loss
at an Olympic Games on
Saturday, joining jet-lagged
Agnieszka Radwanska at the
exit door.
American
fifth
seed
Williams, the singles champion in 2000 and, at 36, the oldest woman in the draw, lost to
Belgium’s Kirsten Flipkens
4-6, 6-3, 7-6 (7/5) in a threehour centre court marathon.
Williams, who has also captured three doubles golds
with sister Serena, had her
opportunities, leading 3-1 in
the second set and 4-1 in the
decider. But despite the
encouragement of watching
US Secretary of State John
Kerry, she ran out of steam at
the crucial moments, noisily
coughing throughout the
closing exchanges. Williams
will also play in teh doubles
with sister Serena.
Flipkens was just two
points away from defeat in
the ninth game of the decider
and rated her win as “in the
n Venus Williams
top two” of her career after
her victory over Petra
Kvitova at Wimbledon in
2013. “To beat Venus, one of
the biggest champions, gives
me goosebumps,” said the
30-year-old, playing in her
first Olympics.
Fourth seeded Radwanska
was also a high-profile
casualty, slumping to a 6-4, 7-5
loss against China’s Zheng
Saisai. The Pole only arrived
in Rio on Wednesday night
after having to fly from
Montreal, where she competed last week, to New York to
Lisbon and then to Rio. In all,
she was on the move for 55
hours and covered around
14,000 kilometres.
Agence France-Presse
HANOI, Aug 7
Vietnamese rejoiced on
Sunday after their country
won its first ever Olympic
gold, a victory made all the
more sweeter by the fact
that regional rival China
was beaten along the way.
Hoang Xuan Vinh, a
41-year-old a serving army
colonel who first learned to
shoot with AK47 rifles,
made history in Rio overnight when a near-perfect
final shot in the men’s
10-metre air pistol clinched
him gold.
Vietnamese state media
reported that the shooter
would receive $100,000
from the state on his
return—a handsome sum
in a country where the
average annual income is
around $2,100.
Vinh’s victory shunted
Brazil’s Felipe Almeida Wu
and China’s Pang Wei
into second and third
respectively, something
that was seized on by
jubilant Vietnamese. “So
proud! But the greatest
happiness was that we
won over China,” Nguyen
Duyen,
a
Cao
Ky
Vietnamese music show
host based in the US but
popular in her homeland,
wrote
on
Facebook.
“Vietnamese sport has
begun a new chapter,”
added Facebook user
Nguyen Dat.
Vietnam has shared an
intense rivalry with its
giant northern neighbour
for centuries—an animosity that has been stoked in
recent years by competing
claims in the South China
Sea. Beijing lays claim to
virtually all of the strategic waters, putting it at
odds with regional neighbours the Philippines,
Vietnam, Malaysia, Brunei
and Taiwan, which also
have partial claims.
Vietnam’s state media
said Hoang Xuan Vinh
learned how to shoot in the
communist country’s military which he joined in
1991, initially practising on
AK47 rifles. “This victory
came from the courageous
spirit and the utmost determination of the athlete, his
coaches and from key
investment ahead of the
2016 Olympics,” Minister
of Sports Nguyen Ngoc
Thien said.
n Hoang Xuan Vinh of Vietnem with his gold medal in the men’s
10-metre air pistol event on Saturday. AP
USA, Brazil enter football quarter-finals
Agence France-Presse
RIO DE JANEIRO, Aug 7
Vietnam rejoices
at first ever gold
United States kept their quest
for fourth straight women’s
football gold firmly on track
when captain Carli Lloyd
ensured a 1-0 victory over
France to qualify for the
quarter-finals.
Brazil are also into the last
eight as, inspired by a near
60,000 capacity crowd at the
Rio Olympic Stadium and
two goals from five-time
world player of the year
Marta, they thrashed Sweden
5-1. The United States are
now unbeaten in 13 Olympic
matches and, a year on from
scoring a hat-trick in the
World Cup final, Lloyd has
once again been the United
States’ inspiration in Brazil.
After netting the US opener in a 2-0 win against New
Zealand on Wednesday, she
slotted home the only goal in
Belo Horizonte after Tobin
Heath’s initial effort came
back off the post. The US
team are assured of their
place in the knockout rounds
as at least one of the two best
third-placed sides, but can
n Marta of Brazil in action against Sweden during their women’ football Group ‘E’ match at the Olympic
Stadium in Rio de Janeiro on Saturday. secure top spot in Group ‘H’
with just a point against
Colombia on Tuesday.
France had impressed in
thrashing Colombia 4-0 in
REUTERS
their opening game and had
the better of the first 45 minutes. However, American
goalkeeper Hope Solo made a
huge save to deny Marie
Laure Delie on her 200th
international appearance.
The
world
champions
improved after the break
and were rewarded when
Lloyd was characteristically
in the right place at the right
time to score her 90th international goal.
New
Zealand
beat
Colombia 1-0 in the other
game in the Group to move
level with France on three
points.
In contrast to their male
counterparts, who stumbled
0-0 against South Africa
under the pressure to deliver
Brazil’s first Olympic football
gold, the hosts’ women have
been the most impressive
side in the tournament.
“Initially the pressure was all
about performing well and
promoting women’s football,”
said Brazil coach Vadao.
“Now we have played so well
the pressure changes because
people’s expectations rise, so
we will face a different pressure now.”
Fresh from brushing off
China 3-0 in their opening
game, Brazil tore Sweden
apart to go in 3-0 up at the
break. Beatriz nipped in
ahead of Sweden goalkeeper
Hadvig Lindahl for the opener, before Cristiane extended
her record as all-time top
scorer in the Olympics with
her 14th goal in her fourth
Games.
Marta played against the
country where she has played
club football for the past four
years, just 24 hours after carrying the Olympic flag into
the Maracana during the
opening ceremony. However,
she looked far from jaded as
she converted Brazil’s third
from the penalty spot before
doubling her tally with a fantastic finish 10 minutes from
time. Beatriz curled home her
second six minutes later
before Lotta Schelin netted a
consolation goal for Sweden.
Tan Ruyin scored with a
sensational dipping drive
from over 40 yards out
as China moved into second
in Group ‘E’ with a 2-0 win
over South Africa. Canada
are also through to the knockout stages after sealing their
second win in as many games
against tournament debutants Zimbabwe 3-1 in Sao
Paulo. Two-time world champions Germany came back
from 2-0 down against
Australia to move into second
in Group ‘F’.
Mane sparkles as Liverpool crush Barca
Agence France-Presse
LONDON, Aug 7
n Barcelona’s Arda Turan and Liverpool’s Sadio Mane (right) in action during their International Champions
Cup football match in London on Saturday. AP
New signing Sadio Mane
scored one goal and made
another as Liverpool slickly
defeated Barcelona 4-0 in a
one-sided friendly match at a
sun-soaked Wembley on
Saturday.
A £34 million capture from
Southampton, Mane struck a
15th-minute opener and then
supplied the cross from which
ex-Liverpool player Javier
Mascherano scored an own
goal. Divock Origi added a
third seconds later and substitute Marko Grujic chipped in
with a stoppage-time header
as Jurgen Klopp’s side registered their sixth win in eight
pre-season games.
“I’m happy with the result
and with a lot of the game,”
said Klopp, who lost James
Milner to a first-half heel
injury. “I don’t want to over-es-
international champions cup
The glamour game drew 89,845 spectators to the
Wembley­—the stadium’s second-highest attendance
timate this game, but it’s still
good. We didn’t think that we
were lower than Barcelona
before the game and we don’t
think that we’re higher than
them after the game.”
Liverpool were playing
Mainz, one of Klopp’s former
clubs, in a friendly in
Germany on Sunday before
tackling Arsenal in their
Premier League opener next
weekend. Barcelona’s defeat
meant that Paris SaintGermain (PSG) won the
International Champions Cup
friendly tournament for the
second year running.
Barca coach Luis Enrique
was missing Neymar, who is
on duty with hosts Brazil at
the Olympics, but fielded both
former Liverpool striker Luis
Suarez and Lionel Messi, who
hit the post in the first half.
Barca play Sampdoria at the
Nou Camp in their final
pre-season
friendly
on
Wednesday and face Sevilla in
the first leg of the Spanish
Super Cup on August 14.
“From the beginning we
saw two teams with completely different rhythms,” said
Luis Enrique. “It was definitely not our best day. But there’s
enough days for us to prepare
and there’s no doubt we’ll be
competitive.”
The glamour game drew
89,845
spectators
to
Wembley—the stadium’s sec-
ond-highest attendance—and
it was Reds fans, comfortably
in the majority, who went
home with smiles on their
faces. With seven friendly
matches behind them to
Barcelona’s two, Liverpool
were the sharper team
and they took the lead with a
slick goal.
After winning possession
on halfway, Adam Lallana
surged
forward
and
exchanged
passes
with
Roberto Firmino before teeing up Mane, whose shot beat
goalkeeper Marc-Andre ter
Stegen. Liverpool had to
weather a succession of Barca
chances before half-time.
Suarez, facing his former
club for the first time, teed up
Messi to roll a shot against the
right-hand
post,
while
Liverpool goalkeeper Simon
Mignolet saved from Arda
Turan and Suarez. Milner,
who announced his England
retirement on Friday, was
again deployed at left-back for
Liverpool, but had to give way
to Alberto Moreno before halftime. Klopp said he would
undergo a scan on Sunday.
Within three minutes of
kickoff in the second half, the
game was as good as over. In
the 47th minute, Origi’s flick
released Mane and his low
cross from the right was
bundled into the net by
Mascherano.
Barely a minute later, Kevin
Stewart
caught
Jeremy
Mathieu dawdling on the ball
and freed fellow half-time substitute Origi, who coolly beat
Barcelona replacement goalkeeper Claudio Bravo. Grujic,
signed from Red Star Belgrade
in January, put the cherry on
the cake in added time, meeting fellow Serbian Lazar
Markovic’s scooped pass with
a fine header that looped over
Bravo.
Published and Printed by Kantipur Publications Pvt. Ltd., Central Business Park, Thapathali, Kathmandu, Nepal, P. B. No. 8559, Phone: 5135000, Fax: 977-1-5135057, e-mail: [email protected], Regd. No. 32/048/049, Chairman & Managing Director : Kailash Sirohiya, Director : Swastika Sirohiya, Editor-in-Chief : Akhilesh Upadhyay
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INR 66.832074.0900 0.6564 87.3490 68.5730 50.7456 50.9130
GBP0.7651 0.848 0.0075
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EUR0.9020
USD
Workshop on flower
arrangement begins
Zonta Club of Kathmandu,
Nepal chapter of the Zonta
International Club, launched a
workshop on flower arrangement
in the Capital on Sunday.
Pg: II
POST REPORT
KATHMANDU, AUG 7
Nepal Telecom (NT) subscribers faced difficulties in topping up their mobile phones on
Saturday and Sunday as the company’s plan
to introduce a new billing system encountered problems during a test.
The state-run telecom company said in a
statement the problem was resolved from
3:00 pm onwards Sunday.
As per Nepal Telecommunications
Authority, NT has 12.25 million subscribers
as of mid-March 2016.
NT’s Joint Spokesperson Dilli Ram
Adhikari said the problem arose during the
process of upgrading the voucher management system. “As the system encountered
problem during the test, we tried to roll back
to the original system, but it took some
time,” he said. “Such problem used to be
solved within half an hour in the past, but
unfortunately, it took quite a long time this
time.”
NT started testing the new system early in
the morning on Saturday. “The improved
software was expected to upgrade the system of the post-paid service into real time
billing,” said Adhikari. “Many other features would have also been added.”
The system was supplied by Asiainfo, an
information technology solution company.
NT now plans to conduct another test within
a week after identifying and addressing the
problems encountered during the first test.
133.3333 103.7600 77.2900 77.5500 1.5235 0.0951
0.0089 1.1792 0.9189 0.6846 0.6869 0.0135 0.0084
1.1086 0.0098 1.3070 1.0281 0.7595 0.7618 0.0150 0.0093
Pound Sterling
141.72
Japanese Yen
109.35
Chinese Yuan
80.57
Qatari Riyal
29.42
Australian Dollar
81.65
Malaysian Ringit
26.60
Saudi Arab Riyal
28.57
Exchange rates fixed by Nepal Rastra Bank
Page III The Indian government’s targeting of inflation at four percent with a range of plus/minus two percent is a “credit positive”
measure that will help macroeconomic stability, Moody’s Investors Service said on Sunday.
PRATAB BISTA
Technical glitch
disrupts NT service
0.6244
0.7802 0.5807 0.5826 0.0114 0.0071
The chart shows the rates of nine world currencies. Move across the table to find rates of exchange between any two
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Unilever workers
end 28-day strike
Coca-Cola
sales halted
HETAUDA, AUG 7
Workers at Unilever Nepal’s Hetauda
factory ended their 28-day strike on
Sunday after reaching a three-point
agreement with the management.
The workers had been staging protests since July 10, demanding allocation of Rs200,000 as a “residential
fund”. The workers said they were
forced to intensify their agitation
after the management refused to
implement an agreement reached on
May 29 over the “residential fund”.
After the factory started to incur
losses due to the disruption, the
management itself had locked the
factory 17 days ago.
“The workers and the management have agreed to implement the
past agreement,” said Janga
Bahadur Bishwokarma, a worker.
“We were forced to agitate after the
management did not implement its
past agreement.”
A meeting held at the District
Administration Office on Sunday
between the workers, management,
labour office and local political leaders decided to settle the issue
through the factory’s labour relation
office after necessary discussion.
The management has also decided
to reopen the factory issuing a
notice. However, the plant is expected to resume its normal operation
only after the meeting of its board of
directors scheduled to be held in
Mumbai, India on Thursday.
A senior company official said it
will take some time for the factory to
resume normal operation. “The fac-
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USDEUR JPY GBP CHF CAD AUD INR NR
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finance&economy
India inflation target is ‘credit positive’
F ORE X
cross currency
tory was closed at the orders from
the headquarters and it is awaiting
another order to resume,” said the
official.
Hetauda Labour Office chief
Shyam Shrestha said the workers
and the management have reached a
three-point agreement. “The issue
has been settled and the factory will
resume within a few days,” he said.
Bishwokarma said the management has also agreed to reinstate
seven workers who were suspended
by the management last Tuesday on
the charge of disrupting supplies.
According to a factory source, a
one-day strike results in losses worth
Rs5 million.
Unilever Nepal is multinational
company dealing in fast moving consumer goods. The factory, established in 1993, employs 208 workers.
Last fiscal year, its transactions
stood at Rs4.87 billion and earned a
net profit of Rs900 million.
DHARAN:
The
Beverage
Distribution Society has halted
sales of Coca-Cola for the past
week. Fifty-one key distributors
from Hetauda to Mechi have
stopped the sales putting forth a
four-point demand.
The
society’s
demands
include stopping the appointment of new dealers, providing
salaries and perks to pre-sellers,
revision of the commission
margin to dealers and settlement of the collateral money
issue within a week.
Kausal Kishore Sah, treasurer of the society, said they halted the sales after Bottlers Nepal
(Tarai) Limited, the producer of
Coca-Cola, started to appoint
new dealers neglecting the old
ones. In Dharan, Coca-Cola had
three dealers, but it recently
added a new one.
Prakash Khadka, area sales
manager of Coca-Cola, said they
have not dismissed any dealers.
“As most of the dealers have
minimum investment, they
have been allocated the areas as
per their investment,” he said.
Bottlers
Nepal
(Tarai)
Limited, the producer of CocaCola, has been incurring
losses of Rs60 million daily
after the sales disruption, said
sources. (PR)
All systems go for farm
modernisation project
POST REPORT
KATHMANDU, AUG 7
New initiative to avoid duplication
All the procedures for implementing the Rs130-billion
Prime Minister Agriculture
Modernisation Project, which
envisages adopting modern
farm techniques to boost productivity, have been completed, the Ministry of Agricultural Development said.
In the first year of the
10-year scheme, the ministry
plans to spend Rs5.78 billion
to adopt modern farming
practices. It said that the completed working guidelines for
implementing the project and
other documents had been
submitted to the Finance
Ministry for its approval.
“After the Finance Ministry
gives the go-ahead, the plan
will be tabled at the Cabinet
for its final okay,” said
Shankar Sapkota, assistant
spokesperson
for
the
Agriculture Ministry. “We are
planning to implement the
project officially by mid-September.”
The plan envisages making
the country self-reliant in
farm products by promoting
mechanization, technology
and proper and efficient use
of seeds and fertilizer to
increase productivity.
As per the plan, the government will create 2,100 pocket
areas of 10 hectares each, 150
blocks of 100 hectares each, 30
zones of 500 hectares each and
seven super zones of 1,000 hectares each. Under the super
KATHMANDU: The Ministry
of Agricultural Development
is
introducing
Integrated
Subsidy
Modalities to avoid duplication of the scheme. Ministry
officials said that the objective was also to prevent
bogus farmers from receiving subsidies.
zones, Jhapa will be promoted
for paddy, Bara for fish, Kaski
for
ve g etables,
Kavrepalanchok for potato,
Dang for maize, Jumla for
apple and Kailali for wheat.
“The government will
implement the project under a
private-cooperative-g roup
partnership model,” said
Sapkota. The government has
aimed to achieve self-sufficiency in wheat and vegetables by this fiscal year, and in
paddy and potato in two years.
The government has targeted becoming self-sufficient in
maize and fish by three years,
and in fruits like bananas,
papaya and litchi by four
years. By the end of the project, the plan envisages
becoming self-sufficient in
fruits like kiwi, apple and
orange. The pocket areas will
get subsidies on fertilisers
and irrigation besides technical support. Easy availability
of seeds and saplings will be
ensured. Farmers in the
blocks, zones and super zones
The modality will define
the amount of the subsidy,
areas and targeted people.
Likewise, it will also allow
the government to make
donor-funded projects more
transparent amid criticism
of growing duplication in
the farm sector, ministry
officials said.
will receive additional benefits including an 85 percent
subsidy on the construction
of agro production collection
centres, warehouses, haat
bazaars and processing and
training centres.
Those involved in commercial farming in the blocks will
get a 50 percent grant to purchase equipment. The government has also announced that
services will be provided
through 15 mobile laboratories in the specialised agriculture production areas.
According to the statistics
of
the Department of
Customs, Nepal imported
agro products worth Rs150 billion in the last fiscal year, setting off concern that the
agrarian country’s dependence on imported farm products was ballooning out of
control. The jump in shipments has pushed agro commodities to the top of the list
of imports, knocking petroleum products from the number
one spot.
harvest time
n
Farmers pick up tea leaves in Songyan Township of Yuqing County in Zunyi City, southwest China’s Guizhou Province, on Sunday.
Xinhua
Police raid four shops for
selling counterfeit goods
PRITHVI MAN SHRESTHA
KATHMANDU, AUG 7
The police raided four shops
in Kathmandu on July 21 at
the request of the Department
of Industry (DoI) following a
complaint by Indian consumer goods company Hindustan
Unilever that they had been
selling counterfeit products
bearing its brand names.
Hindustan Unilever had
registered a case on July 6
with the DoI against the shops
charging them with selling
fake Lakme, Dove, Nivea and
other products. Hindustan
Unilever is the parent company of Unilever Nepal.
The police swooped on
Pawan Emporium, Roshani
International and Nikita
Impex at Makhan, and
Anjaliwala Impex on New
Road, in the heart of the capital’s business district and confiscated some goods which
they handed over to the DoI.
“We are currently investigating the case. We will try to
reach the real manufacturers
of the alleged fake goods,”
said Maheshwor Neupane,
director general of the DoI.
Violation of intellectual
property rights of Indian
Hindustan Unilever had registered a case on July 6 with
the DoI against the shops charging them with selling
fake Lakme, Dove, Nivea and other products
companies in Nepal is one of
the issues that the Indian government frequently raises
during trade negotiations
between the two countries.
When Nepali and Indian
commerce secretaries met in
New Delhi for an InterGovernmental Committee
(IGC) meeting last June, the
Indian side had complained at
the registration of a company
named Havells Nepal in Nepal
as there was already an Indian
company named Havells
Group. The Nepali company,
whose original name was
Delta
Cable
and
Pipe
Industries, had also misled
customers by printing ‘in
technical cooperation with
India’ on its products which is
factually incorrect, India
claimed.
The products made by the
said Nepali company are substandard, and the Indian company has initiated legal
action, according to the minutes of the IGC discussion.
Nepali officials said that
Indian companies register
their trademarks in Nepal
only after Nepali companies
have registered similar brand
names. “This creates problems because trademarks are
registered in Nepal on a first
come, first served basis,” said
Neupane.
According to him, Nepali
law does not have a specific
provision prohibiting the registration of any brand if it
has not been registered.
“However, we have been proactive in discouraging such
tendencies if the brand names
are well known and easily
recognizable,” said Neupane.
Nepal’s business community does not see trademark violations as a widespread problem in Nepal. Umesh Lal
Shrestha, chairperson of the
Industry Committee of the
Federation
of
Nepalese
Chambers of Commerce and
Industry (FNCCI), said that
there were no big problems
related to trademark infringement compared to copyright
violations. He added that foreign companies were having
problems with trademark
infringement in Nepal because of their failure to register
their brands here promptly.
“If they don’t register their
trademark hers, it does not
stop Nepalis from registering
certain brands before they
enter Nepal,” he said.
Meanwhile,
trademark
related disputes are arising
among domestic manufacturers too. Recently, Swastik Oil
Industry filed a case against
Annapurna Vegetable Oil for
trademark infringement.
According to the DoI, the
highest number of cases are
related to gutka and tobacco
products. Likewise, a large
number
of
trademark
infringement cases involve
liquor
factories.
Asian
Distillery, Sumy, Highland
Distillery
and
Bijaya
Distillery have filed cases
against various firms claiming infringement of their
trademarks. According to the
DoI, it received 230 new cases
related to trademark infringement in the fiscal year 2015-16.
There were 595 trademark violation cases pending at the
DoI as of the last fiscal year.
C M Y K
news digest
Evergrande
buys into Vanke
HONG KONG: China’s
Evergrande Real Estate
has bought a stake worth
more than $1 billion in
the nation’s biggest property company Vanke—
the latest development in
an ongoing tussle over
control of the firm.
Bosses of Vanke, China’s
largest residential developer by sales, have for
months been trying to
stave off what would be
the country’s first hostile
blue-chip takeover, after
a private conglomerate
purchased a more than
20 percent stake.
Evergrande announced it
had paid 9.11 billion
yuan ($1.37 billion) for
4.68 percent of Vanke
shares in a statement
filed to the Hong Kong
stock exchange
Thursday. “Vanke is one
of the largest property
developers in China with
strong results. The acquisition is an investment
of the group,” it said.
Vanke confirmed the
deal on Friday in a statement to the Shenzhen
exchange. (AFP)
Allianz confident
on profit targets
BERLIN: German insurance giant Allianz
expressed confidence
Friday it would meet its
full-year targets despite
falling second-quarter
profits, largely due to the
costs of natural disasters
and disposing of its
South Korean operations.
Net profits in April
through June slumped
by 46 percent compared
with the second quarter
last year to 1.1 billion
euros, driven down by a
one-off 352-million-euro
charge for ending its
activities in South Korea
as well as the costs of
claims due to natural disasters and bad weather.
Ongoing turbulence in
the global economy saw
revenues slide by 2.5 percent to 29.4 billion euros
and operating profit
dropped 17.2 percent to
2.4 billion euros. “The
second quarter in particular was shaped by
markedly higher damages from heavy floods and
storms in Europe this
spring,” said chief executive Oliver Baete in a
statement. (AFP)
money
economy
Monday, August 8, 2016 | thekathmandupost
Workshop on flower
arrangement begins
POST REPORT
Zonta Club of Kathmandu,
Nepal chapter of the Zonta
International Club, launched
a flower-arranging workshop
in the Capital on Sunday.
The three-day workshop,
being organised in collaboration with the Federation of
Entrepreneurs
Woman
Association of Nepal and
Nepal-Thailand Friendship
Cooperation Society, is expected to help in capacity building
of women interested in floral
business.
Zonta Club is an initiative
of women executives and professionals at national and
local levels through service
and advocacy for improving
economic growth, education,
health and issues related to
youth and violence against
women.
The non-profit organisation
has 68 chapters worldwide.
Shreejana Rana, president of
Zonta Club of Kathmandu,
said the event aims at enhanc-
JAJARKOT, AUG 7
Bus
services
between
Nepalgunj and Jajarkot in the
mid-western region have been
halted for five days leaving
thousands
of
travellers
stranded after transport companies went on strike demanding a hike in fares.
Travellers in Nepalgunj,
Kohalpur, Chinchu, Surkhet
and Jajarkot Khalanga have
been grounded as there is no
public transportation to their
destinations. Striking transporters have even forced private vehicles off the roads.
The transportation companies want to jack up fares by
n Thai
trainer Aphatsara Phenpraphat (left) demonstrates a sample during the ‘Flower Arrangement
Workshop’ in Kathmandu on Sunday.
POST PHOTO :SANJOG MANANDHAR
ing innovative skills of the
participants. “We aim to
transform the traditional way
of making flower-based decorative items,” said Rana.
She said Trainers from
Thailand have been providing
training to 150 women, including victims of burns violence.
Travellers in Nepalgunj, Kohalpur, Chinchu, Surkhet and
Jajarkot Khalanga have been grounded as there is no
public transportation to their destinations
at least 20 percent. The local
administration has shown no
concern despite the extreme
hardship caused to travellers,
complained residents. Neither
the Department of Transport
Management nor the administration offices of the affected
districts have made a move to
solve the problem.
The authorities haven’t
called the agitating transporters for talks or pressured
them to resume services.
According to locals, they are
starting to face shortages of
daily essential commodities
due to the inaction of the concerned authorities.
“The authorities are not
willing to increase the fare,”
said local Lila Bahadur Shah.
“The
transporters
have
said that they will resume services if they are allowed to
increase their ticket prices by
20 percent.”
Two weeks ago, the department had fixed public
transportation fares at Rs2.50
per kilometre and issued
permanent route permits
accordingly.
As per the new tariff, the
fare on the KhalangaNepalgunj route is Rs464.
Likewise, the price of a ticket
on the Khalanga-Kathmandu
route is Rs1,366. Earlier, transporters had been charging
Rs1,000 and Rs2,000 respectively.
The department has dispatched circulars to the district administration offices
of Surkhet, Jajarkot and
Salyan to enforce the
new fares strictly. Vehicles
belonging to around nine
transport associations operate on these routes.
modified wheels
French wheat
output to fall
PARIS: France, the
European Union’s biggest grain producer, is
headed for its smallest
wheat harvest in three
decades because of
heavy rains and lack of
sunlight, the agriculture
ministry said on Friday.
Wheat output is projected to fall by 30 percent
from the 2015 harvest to
29.1 million tonnes,
France’s weakest level
since 1986, which was
drought year, it said.
“The crops have suffered
from too much water and
too little light,” the ministry’s statistics bureau
Agreste said. “The flowering and the grain maturation happened in bad
conditions,” it said, adding that weather conditions had also helped diseases and pests to spread.
The farming region
around Paris as well as
eastern and northern
France were most affected. The drop comes at a
period of high output in
other countries. (AFP)
Visitors watch tuned cars during the 2016 ImportFest in Toronto, Canada, on Saturday. As the largest ‘Modified’ car show in Canada,
this annual event showcased hundreds of highly modified cars from across Canada and the United States. Xinhua
n
The club said the demand
for decorative items made of
flowers is on the rise in both
domestic and international
markets.
Germany, the US, Australia,
Japan and a number of
European countries are top
importers of the products.
Rana said the training
could help better utilise local
resources, besides increasing
the country’s export earnings.
She said the club has
been focusing on promoting
the products especially from
rural areas.
The club has also been
investing in projects related to
toilet and sewerage management in rural areas. It also
plans to produce fertilisers
and biogas from organic
waste, Rana said.
regulator
to attach
Mallya’s
assets worth
IRs 60 billion
Press Trust of India
Mumbai, Aug 7
Enforcement
Directorate
has identified assets worth
over IRs60 billion which it
plans to attach as part of its
fresh action against liquor
baron Vijay Mallya in
connection with a money
laundering probe against him
and others in an alleged bank
loan fraud case.
The agency is preparing to
initiate the second round of
attachments under the provisions of the Prevention of
Laundering
Act
Money
(PMLA) after the embattled
businessman recently skipped
appearance before a special
PMLA court here under a
proclamation order issued
under sections of the Criminal
Procedure Code (CrPC).
The agency, sources said,
has identified some pledged
shares, associated immovable
and movable assets of Mallya
and his family members that
would be seized and frozen as
part of its action plan to
widen probe in the case.
“Similar action can be
initiated against few others
named in the case apart from
Mallya,” they said.
They said the agency has
already written to banks and
other financial institutions to
obtain details in this regard.
The agency, meanwhile,
is also in the process of
getting a ‘proclaimed person’
order issued from the
special court which will
be further sent to the Ministry
of External Affairs (MEA)
in order to execute the
India-UK MLAT to bring
Mallya back to India to join
investigations.
ED, in June, had sought
the proclamation notice to
be issued against Mallya as
it said he had “multiple”
arrest warrants pending
against him, including a
non-bailable warrant (NBW)
under the PMLA.
g o in g g r e e n
Ukraine sees solar power as Chernobyl’s future
Agence France-Presse
KIEV, Aug 7
Imagine one of the largest solar
farms ever at the site of the world’s
worst man-made nuclear disaster
that struck Chernobyl in modern-day Ukraine and sowed panic
across Europe.
That is the grand vision of
Ukrainian Environment Minister
Ostap Semerak, backed up by bigtime investors such as the European
Bank for Reconstruction and
Development (EBRD).
The Chernobyl catastrophe of
April 1986 left thousands dead or
dying and created a contaminated
no-man’s land in northern Ukraine
in which only a few hundred elderly
people still cling on to their homes.
The 30-kilometre-wide (19-milewide) “exclusion zone” surrounding
the stricken station is primarily covered in forests and filled with radia-
Nepse
1,764.72pts
-0.22%
highest losers
BNT NMBMFMSMBS SYFL SETI
JFL
-9.99%-5.43% -5.06%-4.85% -4.80%-4.28%
moderate losers
SICL SKBBLKADBLNNLB NLG PROFL
-4.09%-4.04% -3.96% -3.86% -3.84% -3.77%
moderate gainers
NUBL ALDBL DBBLJSLBB KDBL RBCL
3.84% 3.87% 3.94%3.97% 4.15% 6.09%
highest gainers
Travellers stranded by transport
strike in mid-western region
BHIM BAHADUR SINGH
shares
The event aims at
enhancing innovative
skills of the participants,
according to organisers
KATHMANDU, AUGUST 7
II
tion levels that make most foods produced there unsafe. But Ukraine
believes there are also around 6,000
hectares (15,000 acres) of open land
that can be filled with solar panels
that may one day produce about as
much energy as Chernobyl’s ill-fated
reactor number four did in its time.
The EBRD has already said it was
willing to support the project as
long as Ukraine attracted the $1 billion needed to fulfil its first stage.
“A fairly large number of various
companies across the world are
interested,” Semerak said. “I think
that, in case of successful negotiations, this project could be launched
in full next year.”
Ukraine is keen to break its
dependence on energy giant Russia
in the wake of a 2014 pro-EU revolution that was followed by the
Kremlin’s annexation of Crimea
and the outbreak of a pro-Moscow
insurgency in the country’s east th-
The 30km-wide ‘exclusion zone’
is primarily covered in forests
and filled with radiation levels
that make most foods
produced there unsafe
at has claimed more than 9,500 lives.
About 50 percent of the former
Soviet republic’s energy is still produced by its remaining nuclear stations. Thermal power generation
makes up for much of the rest.
Official statistics show solar panels
accounting for less than one percent
of the energy consumed in Ukraine.
The very first stage of the project
should see Ukraine partner up with
two private foreign firms to build a
few small solar plants that generate
about six megawatts of power by the
end of this year. That is still just a
tiny fraction of the 4,000 megawatts
pumped out by Chernobyl in its
Soviet-era heydays.
Semerak thinks investors will be
drawn by existing electricity lines
and a professional personnel that is
working on cleaning up the remainders of the Chernobyl station and
installing a giant dome around it to
keep the atmosphere safe.
Semerak adds that purchasing
land required for the solar farm is
remarkably cheap because it is
unsafe for farming and has little
other use. “The radiation level have
dropped immeasurably over the past
30 years,” Semerak said in a telephone interview. “Of course, this
territory still cannot be used for
farming,” he said. “But it is suitable
for innovative and scientific project.” Semerak added that the project’s success would create other
possibilities for what is considered
one of the most unhealthy parts of
Europe that would see Chernobyl
become an “innovation zone”.
Yet questions remain about
whether Semerak’s plan is actually
feasible. Foreign investors view
Ukraine with a great deal of caution
because of the separatist conflict
and its tensions with Russia as well
as corruption that has permeated
both the government in Kiev and
the regions.
“I think this project will require a
great deal of money,” Dmytro
Lukomsky of the Rentechno solar
station construction firm told AFP.
“If we find the investors, the prospects are fairly good. And if we do
not—the chances of things working
out are small.”
Energy expert Oleksiy Khabatyuk
noted that Ukraine only this year
crawled out of a two-year recession
and the prospects for future growth
were minimal because of endless
political upheaval and tensions
with Russia.
AHPC BARUN WOMIMMDBL KMFL KNBL
7.22%8.60%9.67% 10% 10% 10%
Nepal Stock Exchange
Singhadurbar Plaza, Kathmandu
August 07, 2016
Trading Information
Trading Price
SN CompanyMaxMinClosingNo Shares
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
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125
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129
130
131
132
133
134
135
136
137
138
139
140
141
Ace Dev Bank Ltd
Agriculture Dev Bank Ltd
Alpine Dev Bank Ltd
Api Power Co Ltd
Araniko Dev Bank Ltd
Arun Valley Hydropower Dev Co Ltd
Asian Life Insurance Co Ltd
Barun Hydropower Co Ltd
Bhargav Bikash Bank Ltd
Bottlers Nepal (Terai) Ltd
Butwal Power Co Ltd
Century Commercial Bank Ltd
Chhimek Laghubitta Bikas Bank Ltd
Chilime Hydropower Co Ltd
Citizen Bank International Ltd
Citizen Investment Trust
Deprosc Dev Bank Ltd
Dev Bikas Bank Ltd
Everest Bank Ltd
Everest Bank Ltd Con. Pref.
Everest Insurance Co Ltd
Excel Dev Bank Ltd
Fewa Bikas Bank Ltd
First Micro Fin Dev Bank Ltd
Gandaki Bikas Bank Ltd
Global IME Bank Ltd
Global IME Samunnat Scheme-1
Goodwill Fin Co Ltd
Guheshowori Merchant Bank & Fin Co Ltd
Gurans Life Insurance Co Ltd
Hamro Bikas Bank Ltd
Himalayan Bank Ltd
Himalayan General Insurance Co Ltd
ICFC Fin Ltd
ILFCO MicroFin Bittiya Sanstha Ltd
Jalabidyut Lagani tatha Bikas Co Ltd
Janaki Fin Ltd
Janata Bank Nepal Ltd
Janautthan Samudayic Laghubitta Bikas Bank Ltd
Jebils Fin Ltd
Kabeli Bikas Bank Ltd
Kailash Bikas Bank Ltd
Kalika Microcredit Dev Bank Ltd
Kanchan Dev Bank Ltd
Kankai Bikas Bank Ltd
Karnali Dev Bank Ltd
Kasthamandap Dev Bank Ltd
Kisan MicroFin Bittiya Sanstha Ltd
Lalitpur Fin Ltd
Laxmi Bank Ltd
Laxmi Laghubitta Bittiya Sanstha Ltd
Laxmi Value Fund-1
Life Insurance Co Nepal
Lumbini Fin Ltd
Lumbini General Insurance Co Ltd
Machhapuchhre Bank Ltd
Mahila Sahayatra MicroFin Bittiya Sanstha Ltd
Manaslu Bikas Bank Ltd
Manjushree Financial Institution Ltd
Mega Bank Nepal Ltd
Mirmire MicroFin Dev Bank Ltd
Miteri Dev Bank Ltd
Mount Makalu Dev Bank Ltd
Muktinath Bikas Bank Ltd
Nabil Balance Fund 1
Nabil Bank Ltd
NABIL Bank Ltd Promotor Share
NagBeli LaghuBitta Bikas Bank Ltd
National Hydro Power Co Ltd
National Life Insurance Co Ltd
Naya Nepal Laghubitta Bikas Bank Ltd
Neco Insurance Co Ltd
Nepal Bangladesh Bank Ltd
Nepal Bank Ltd
Nepal Doorsanchar Comapany Ltd
Nepal Grameen Bikas Bank Ltd
Nepal Insurance Co Ltd
Nepal Investment Bank Ltd
Nepal Investment Bank Ltd Promoter Share
Nepal Life Insurance Co Ltd
Nepal SBI Bank Ltd
Nerude Laghubita Bikas Bank Ltd
NIBL Samriddhi Fund 1
NIC Asia Bank Ltd
NIDC Capital Markets Ltd
Nirdhan Utthan Bank Ltd
NLG Insurance Co Ltd
NMB MicroFin Bittiya Sanstha Ltd
NMB Bank Ltd
NMB Sulav Investment Fund-1
Om Dev Bank Ltd
Oriental Hotels Ltd
Pokhara Fin Ltd
Prabhu Insurance Ltd
Premier Insurance Co Ltd
Prime Commercial Bank Ltd
Prime Life Insurance Co Ltd
ProgressiveFin Ltd
Prudential Insurance Co Ltd
Purnima Bikas Bank Ltd
Raptibheri Bikas Bank Ltd
Rastriya Beema Co Ltd
Reliable Dev Bank Ltd
Reliance Lotus Fin Ltd
Ridi Hydropower Dev Co Ltd
Rural MicroFin Dev Centre Ltd
Sagarmatha Fin Ltd
Sagarmatha Insurance Co Ltd
Sajha Bikas Bank Ltd
Sana Kisan Bikas Bank Ltd
Sanima Bank Ltd
Sanima Mai Hydropower Ltd
Saptakoshi Dev Bank Ltd
Seti Fin Ltd
Sewa Bikas Bank Ltd
Shangrila Dev Bank Ltd
Shikhar Insurance Co Ltd
Siddhartha Bank Ltd
Siddhartha Equity Orineted Scheme
Siddhartha Insurance Ltd
Siddhartha Investment Growth Scheme-1
Sindhu Bikash Bank Ltd
Soaltee Hotel Ltd
Standard Chartered Bank Ltd
Summit Micro Fin Dev Bank Ltd
Sunrise Bank Ltd
Surya Life Insurance Co Ltd
Swabalamban Bikas Bank Ltd
Swarojgar Laghu Bitta Bikas Bank Ltd
Synergy Fin Ltd
Taragaon Regency Hotel Ltd
Tinau Dev Bank Ltd
Tourism Dev Bank Ltd
Triveni Bikas Bank Ltd
Uniliver Nepal Ltd
United Fin Ltd
United Insurance Co (Nepal) Ltd
Vijaya laghubitta Bittiya Sanstha Ltd
Western Dev Bank Ltd
Womi MicroFin Bittiya Sanstha Ltd
Yeti Dev Bank Ltd
Total Traded Amount Rs.:
Total Traded Shares:
Total Transactions:
1,531,474,676
2,116,354
8,068
Index Current Pts Change%Change
NEPSE 1,764.72
3.88
0.22
Sensitive 380.19
0.76
0.2
Float
130.94
0.43
0.33
448
1006
499
851
462
456
1815
530
570
7141
944
475
2258
1385
741
5100
3122
418
3345
1720
1973
790
709
1949
520
559
13.28
529
420
960
238
1589
1454
428
1303
410
436
545
942
318
790
778
2035
668
671
342
529
2915
317
906
3100
17.16
3366
448
1505
871
1528
427
456
530
2744
1162
880
1540
25.25
2399
1850
4215
196
3350
1600
2150
1050
586
695
927
1237
1096
936
3920
1975
2288
16.02
872
749
2260
2095
4350
860
16.70
704
587
444
1591
2495
700
2227
265
1570
529
396
8628
587
389
385
1190
596
2310
373
2160
804
1040
605
530
691
508
3557
1330
16.24
2400
30.09
425
429
3708
2700
842
960
2550
2600
203
300
680
530
522
32480
472
1235
1510
605
2456
404
Sub-Indices
Banking
Hotels
Dev Bank
HydroPower
Finance
Insurance
440
970
474
800
429
423
1753
488
560
6301
910
439
2070
1332
715
4991
2951
387
3251
1710
1911
764
671
1825
481
543
13
503
406
897
234
1500
1380
406
1250
390
402
520
924
307
790
735
2001
629
622
335
490
2703
294
875
2975
16.30
3315
435
1400
845
1480
420
420
495
2744
1060
800
1472
24.27
2340
1787
4150
190
3250
1568
2020
1019
550
670
892
1127
1030
886
3800
1887
2182
15.20
845
701
2121
1950
4155
820
16.41
665
575
407
1480
2342
657
2100
255
1530
510
384
8294
553
361
377
1110
566
2210
348
2015
765
1010
575
495
661
499
3266
1281
15.61
2246
29.50
420
400
3555
2650
810
925
2442
2600
195
283
657
491
495
32470
472
1165
1435
560
2277
370
445
972
483
812
436
445
1756
530
560
6301
915
445
2100
1333
720
5030
2952
395
3251
1720
1935
764
675
1862
500
546
13
505
406
897
238
1505
1380
414
1250
390
402
520
942
307
790
735
2035
629
671
335
501
2915
294
880
2975
16.30
3315
448
1400
845
1480
427
425
495
2744
1081
880
1472
24.27
2345
1790
4215
191
3251
1568
2062
1032
559
695
895
1149
1040
890
3800
1930
2184
15.20
849
701
2160
1951
4161
823
16.42
678
585
410
1485
2495
660
2107
255
1530
510
390
8628
564
363
377
1122
566
2210
348
2015
775
1010
579
495
661
500
3280
1290
15.70
2250
29.50
420
400
3565
2650
812
925
2451
2600
196
283
657
495
495
32470
472
1165
1435
562
2449
385
3439
25130
1340
7767
6319
70764
5026
160
600
210
12421
31669
3196
6949
28173
1855
970
17423
26557
129
730
3106
4621
5650
7868
51265
65000
4200
10096
4755
17104
5884
4138
22832
1791
45554
4864
32843
20
1806
73
9367
150
4021
1839
660
10467
630
1616
17341
394
60759
610
1772
9447
44573
361
170
17192
16578
10
5446
320
9621
71089
6957
6453
233
60170
5923
20
17703
111157
188585
6275
1810
7283
57810
19367
3430
15395
1640
14400
30297
3172
2677
2353
454
81581
34135
11246
2907
7657
15001
10695
25280
3518
3600
1210
1428
1163
30
47617
12241
760
3757
7826
2353
1553
5038
39757
5385
2142
942
4928
2536
4549
81453
131700
4502
9400
332
18178
7646
165
43162
4265
2374
100
8660
5450
1542
25666
13815
30
252
1470
1380
4177
1750
15756
Current Pts Change%Change
1,659.99
7.26
0.44
2,146.64
4.35
0.2
1,837.49
3.97
0.22
2,594.44
0.02
0
865.91
0.63
0.07
8,500.62
58.4
0.68
Base: 16/07/2006, (Adjusted on 10/04/2007) = 100
C M Y K
III
money
world
India inflation target
is ‘credit positive’
olympic tourism
Indo-Asian News Service
New Delhi, Aug 7
n Tourists
visit the Christ the Redeemer statue in Rio de Janeiro, Brazil, on Saturday. Rio is the 2016 Olympics host city.
World Social Forum moves
to G7 nation for first time
Agence France-Presse
MONTREAL, Aug 7
Anti-globalization activists
will gather in Montreal
Tuesday for the first World
Social Forum (WSF) to be held
in the northern hemisphere,
hoping the location will provide fresh impetus for the
movement.
A march through downtown Montreal is to kick off
the event, which was first held
in Brazil in 2001 seeking to
promote alternatives to neoliberalism. More than 50,000
members of civil society
groups, social movements and
others are expected to attend
the six-day event. “We’re hoping to gain momentum by
bringing the forum to a northern country like Canada,”
which is also a Group of
Seven industrialized nation,
said one of the organizers,
Raphael Canet. “Social inequality is everywhere,” he
added. “We want to overcome
North-South divisions and say
clearly that there are social
problems worldwide, and also
global solutions.”
Born out of violent protests
as a counterweight to its capitalist rival, the World
Economic Forum held annually in Davos, Switzerland, the
WSF aims to offer a space for
decentralized debate and an
exchange of ideas, as well as
the coordination of global
campaigns.
Past annual conferences
held in Mali, India, Pakistan
and Tunisia have attracted up
to 100,000 delegates each. Only
thekathmandupost | Monday, August 8, 2016
half that number are expected
for the Montreal event, however, as many could not afford
the trip and relatively pricey
accommodations, even with
financial assistance, according to organizers.
They said the Canadian
government also denied travel
visas to 234 delegates, preventing them from attending,
including Mali’s former culture minister Aminata Traore
and Imad Temiza, the president of the Palestinian postal
union. Officials declined to
comment on specific cases,
citing Canada’s strict privacy
laws. Nancy Caron, a spokeswoman for the immigration
ministry, said the department
reached out to WSF organizers to facilitate delegates’
entry into Canada.
REUTERS
The Indian government’s targeting of inflation at four percent with a range of plus/
minus two percent is a “credit
positive” measure that will
help macroeconomic stability,
Moody’s Investors Service
said on Sunday.
“The Indian government’s
notification of the inflation
target at four percent, plus or
minus two percent through to
2021 is a credit positive re-affirmation of commitment to
keeping inflation at moderate
levels,” said Moody’s Senior
Vice President (Sovereign
Risk Group) Marie Diron in a
statement.
“Sustained moderate inflation would contribute to macroeconomic stability and help
prevent a repetition of the
short marked cycles of the
past,” Diron said. “An explicit
inflation target can help
anchor inflation expectations
The central government in consultation with RBI will
determine the inflation target in terms of the Consumer
Price Index inflation once in every five years
and hence actual inflation at
moderate levels.
At a time when large
increases in wages are implemented in the public sector,
moderate inflation expectations could help prevent
spillovers to wage and
price settings in other sectors,” Diron said.
inflation
target
The
until March 31, 2021, was
notified by the central
government on Friday in consultation with the Reserve
Bank of India (RBI).
The government stated that
the inflation target will be
considered a failure if the
average inflation is more than
the upper limit of six percent
or below the lower level of two
percent for three consecutive
quarters.
If the RBI fails to meet the
inflation target, it will need to
state the reasons for failure to
the Centre in a report along
with the remedial actions proposed to be taken and an estimate of the time-period within which the inflation target
shall be achieved, according
to the Finance Bill 2016.
The changes to the monetary policy regime of the last
two years mark a step towards
greater policy transparency
and predictability, both of
which should help in policy
transmission and hence monetary policy effectiveness,
Diron said.
The setting of the inflation
target comes under the monetary policy framework agreement between the government
and the RBI signed in early
2015. The central government
in consultation with RBI will
henceforth determine the
inflation target in terms of
the Consumer Price Index
(CPI) inflation or retail inflation, once in every five years.
According to the agreement, the RBI will once in
every six months publish a
document to be called the
Monetary Policy Report,
explaining the sources of
inflation and the forecasts of
inflation for the period
between next six to eighteen
months.
The government has started the process of setting up a
Monetary Policy Committee
(MPC), which would be mandated to set the interest rate -a practice now being carried
out by the RBI.
The central bank will need
to provide all information to
the members of the Monetary
Policy Committee that may be
relevant in achieving the
inflation target.
Modi: Target 8pc growth for 30 years
Indo-Asian News Service
New Delhi, Aug 7
Prime Minister Narendra
Modi on Saturday gave
Indians an ambitious target
of achieving more than 8 percent growth rate for 30 years,
saying this will change the
entire developmental scenario of the country.
“If we can sustain an economic growth of more than 8
percent for 30 years, if not
more, all that is good in the
world will be at our doorsteps,” Modi said addressing
a Town Hall-style event
organised to mark the second
anniversary of MyGov platform.
He said amid a recession-hit global economy, it is
no mean feat for a country of
125 crore to achieve a growth
n
Indian Prime Minister Narendra Modi.
rate of 7.5 percent despite
two consecutive droughts.
“The entire world is passing
through recession and the
purchasing power has come
down significantly. Indian
agriculture is also facing
pressure. To achieve 7.5 percent growth rate in such a
situation is itself a big feat
and I compliment 125 crore
Indians for this,” he said.
Stressing on the role of
proper planning and bal-
anced expenditure in running country’s economy, the
Prime Minister said there
should be an optimal utilisation of natural resources.
with
proper
“Only
utilisation of our natural
resources, we can fully utilize human resource potentials,” he said fielding questions from citizens from
across the country.
On the Occasion, he feliciated people whose suggestions were included in his
monthly “Mann Ki Baat”
radio broadcast. He also met
six engineering students who
designed and developed the
new PMO mobile app.
Stating that agriculture
remains a most potent sector
to push up country’s economy, Modi said the farmers
should be led towards mod-
ern amenities and his government’s efforts to distribute soil health cards is a sincere attempt towards that
endeavour.
He said in the changing
agro-economic
scenario,
farmers should focus on multiple activities and also take
up timber cultivation as a
mid-term and long-term
strategy. The Prime Minister
also urged the agriculturists
to dedicate a portion of their
land and labour on subsidiary activities such as animal
husbandary, bee keeping and
fisheries to bolster their
income.
He also stressed on the
need to focus on preventive
and affordable health care
and said the government is
working on widening the
scope of health insurance.
C M Y K
bizline
Toyota developing new Japan taxi
TOKYO: Toyota Motor Corp is developing a next-generation taxi for the Japanese market and it has formed a
partnership with the country’s hire-taxi federation to
explore uses for new technology, the company said on
Friday. The partnership comes as Japan’s biggest automaker invests heavily in automated driving, car sharing
and other connected mobility technologies, while Japan’s
powerful taxi industry has opposed efforts by ride-hailing app Uber to expand into the country. Toyota’s new
taxi, which is being developed in cooperation with the
Japan Federation of Hire-Taxi Associations, will focus
on being accessible to the elderly, families with children
and foreign tourists. It would become available in 2017, it
said. (REUTERS)
‘Brexit deal will determine investment’
LONDON: The chief executive of Japanese carmaker
Nissan said future investment decisions about Britain’s
biggest car plant will depend on the terms of a Brexit
deal struck with the European Union on customs, trade
and free movement of goods. Nissan’s Sunderland plant
in the north of England built nearly one in three of
Britain’s 1.6 million cars last year and has been lauded as
one of Europe’s most efficient facilities, where it builds
the popular Qashqai sport utility vehicle. But most of the
site’s output is exported to Europe and Renault-Nissan
Alliance Chief Executive Carlos Ghosn told the BBC that
Nissan and other companies were waiting to see the outcome of Brexit talks before making new investment decisions. (REUTERS)
Suzlon to exit debt restructuring
MUMBAI: India’s Suzlon Energy Ltd hopes to exit a process of corporate debt restructuring by March 2017, its
chairman said on Thursday, a turnaround for a company
that four years ago reeled under heavy debt after an
ill-advised overseas expansion. Suzlon’s purchase of
German wind energy firm RePower, now renamed
Senvion, for 1.4 billion euros ($1.56 billion) in 2007 proved
a costly mistake after the 2008 global financial crisis
dented demand for wind turbines. The debt taken on to
purchase the company badly hurt Suzlon, leading it to
post India’s biggest default in foreign currency convertible debt in 2012. It also forced Suzlon to enter corporate
debt restructuring (CDR) in 2013, a formal process in
India under which companies that face difficulties in
repaying their loans can work with banks to restructure
their debt. (REUTERS)
money IV
bazaar
Monday, August 8, 2016 | thekathmandupost
Hulas’ new electric car
model put to road test
VegetablesUnit Price (Rs)
BINOD BHANDARI
BIRATNAGAR, AUGUST 7
Hulas Motors, a subsidiary of
Golchha Organisation, has started
field testing of its new electric car
model named “Da Vinci”.
The company is currently testing the prototypes in Kathmandu
and hilly areas. It said the car will
be priced at around Rs1.4 million,
without divulging the launch date.
Hulas Motors Manager Prafulla
Chandra Das said the cars are
locally assembled, with parts
imported from China.
The vehicle, which can accommodate five passengers, comes
with features such as air conditioning, power lock, power steering, power windows and reverse
camera, among others, according
to the company.
Das said the company is holding talks with government authorities for support, seeking subsidy
on customs and excise duties in
particular. “If the government
subsidies the taxes, the car will be
even cheaper,” he said.
Hulas Motors has been manufacturing three- and four-wheelers
since 1994. In 2015, it ended production of its famous “Mustang
Max” jeep—which was used by
former Prime Minister Babu Ram
TOKYO: Real wages in Japan rose the most in almost six
years in June, data showed on Friday, but the gain was
exaggerated by the effect of falling prices, highlighting
the government’s struggle to pull the economy out of
deflation. Prime Minister Shinzo Abe has sought to lift
the economy out of two decades of stagnation through a
three-pronged mix of big government spending, ultraloose monetary policy and structural reforms. While pay
increases and higher spending are key for the success of
Abenomics, wage gains inflated by low prices may not
spur private consumption, which remains sluggish. Real
wages, which are adjusted for inflation, jumped 1.8 percent in June from a year earlier, the highest level since
September 2010. In the previous month, they rose 0.4 percent on-year, revised data from the labour ministry
showed. (REUTERS)
RETAIL PRICE
Red Potato
Kg
Rs55
White Potato
Kg
Rs45
Onion (Indian)
Kg
Rs38
Tomato Small
Kg
Rs85
Carrot
Kg Rs125
Tomato Big
Kg
Rs85
SquashKg Rs35
CabbageKg Rs45
Brinjal Long
kg Rs65
Cow Pea
Kg
Rs75
Fruits Unit
Price (Rs)
Apple Kg
Rs155
PomegranateKg
Rs215
Mango kgRs110
Pineapple1Pc Rs105
CucumberKg
Rs65
PapayaKg Rs73
BananaDoz Rs85
Lime
Bhattarai as his official vehicle—
after it failed to meet pollution
standards.
Das said the company had no
option but to stop the production
after the government refused to
give it adequate time to upgrade
the vehicle to Euro-3 standards.
“The government authority
refused to extend the deadline
although were planning to
upgrade to Euro-3,” he said.
The company also produced a
light commercial vehicle named
“Hulas Sherpa” until 2002.
Pikachu parade as Japan
goes Pokemon crazy
Japan real wages rise in June
market watch
100 Pcs
Rs475
daily commodities
Commodities Unit
Price (Rs)
Pokhreli Rice
Kg
Rs70
Jeera Masino Rice
Kg
Rs70
Indian Basmati Rice Kg
Rs100
Mansuli Rice
Kg
Rs55
Sona Rice
Kg
Rs50
Beaten Rice (Taichin) Kg
Rs125
Beaten Rice
Kg
Rs60
Big Mas
Kg
Rs270
Small Mas
Kg
Rs250
Big Mung
Kg
Rs180
Musuro (No 1)
Kg
Rs170
Musuro (No 2)
Kg
Rs150
Rahar KgRs250
India extends steel floor prices
NEW DELHI: India late on Thursday extended a floor price
for imports of steel products for a further two months, as
the government tries to protect the domestic steel industry from cheap overseas shipments, especially from
China. The floor price, known as the minimum import
price, was introduced in February - the first time the government had taken such a step in over 15 years—for a
six-month period that was due to expire on Aug. 5. Its
extension, announced by the commerce and industry
ministry, is a sign that India is growing increasingly protectionist as it tries to support local players in the
world’s only major growing steel market. Top domestic
steel makers such as JSW Steel Ltd, Tata Steel Ltd,
Jindal Steel & Power Ltd and Kalyani Steels have lobbied
the government hard to take more measures to protect
their margins from cheap imports. (REUTERS)
Chana (Big)
Kg
Rs220
Chana (Small)
Kg
Rs210
Chilli Powder
Kg
Rs400
gasoline watch
Canada unemployment rises to 6.9pc
OTTAWA: Canada’s jobless rate rose 0.1 percentage points
in July to 6.9 percent, the government announced Friday.
Full-time employment fell while part-time work was up
in the month, said Statistics Canada. There were fewer
youths, aged 15 to 24 years, working mostly part-time jobs
in July. Ontario and Newfoundland provinces shed positions while British Columbia—with the nation’s lowest
regional unemployment rate—and New Brunswick saw
an uptick in job creation. Overall, fewer Canadians were
employed in public administration, while the number of
healthcare and social assistance jobs increased. The public sector shed jobs, while there was little change among
private sector and self-employed workers. (AFP)
Takata still plans return to black
TOKYO: Takata Corp., the Japanese company at the centre
of a massive global air bag recall, is sticking to its forecast of posting a 13 billion yen ($129 million) profit for
the fiscal year through March. It reported on Friday an
April-June profit of 2 billion yen ($19.8 million), down 33
percent from the same period the previous year, as quarterly sales slipped 7 percent to 169 billion yen ($1.7 billion). Tokyo-based Takata, which had two straight years
of losses over the recalls, has said it will return to the
black this fiscal year, although some analysts note that
recall costs now being shouldered by automakers will be
billed to Takata. Takata also faces class-action lawsuits
over its defective air bag inflators that can explode with
too much force, sending shrapnel spewing. (AP)
n
Performers dressed as Pikachu, the popular animation Pokemon series character, perform in the Pikachu parade in Yokohama, Japan, on Sunday. Agencies
YOKOHAMA, Aug 7
Hundreds of Pokemon Go fans
gathered in Yokohama, southwest of Tokyo, on Sunday to
join an annual Pikachu parade
as the global phenomenon
soars in popularity.
Some 50 life-size Pikachu characters, the most famous from
the Pokemon game, marched
along the city’s waterfront street
as visitors took mobile phone
pictures and videos of them in
scorching sunshine.
Some participants said they
attended the event to search for
rare characters of Pokemon—a
word short for “pocket monster”—for the megahit smart-
Some 50 life-size Pikachu characters, the most famous from
the Pokemon game, marched along the city’s waterfront street
as visitors took mobile phone pictures and videos of them
phone app, which was launched
last month globally. “I came here
all the way to Yokohama, hoping
to find different kinds of
Pokemon characters,” said
Teruko Fujisawa, a 45-year-old
woman working at a trading
house. The event had no direct
link with the app, organisers
said. Since its global launch,
Pokemon Go has sparked a
worldwide frenzy among users
who have taken to the streets
with their smartphones.
The free app uses satellite loca-
tions, graphics and camera capabilities to overlay cartoon monsters on real-world settings, challenging players to capture and
train the creatures for battles.
Pokemon has been popular in
Japan since first being launched
as software in 1996 for Nintendo’s
iconic Game Boy console.
It expanded into other media,
most notably a wildly popular
TV animation show and its popularity has never waned.
Meanwhile, Pokemon Go players have been blamed for damage
AFP/RSS
at historic Fort Phoenix in
Massachusetts, the US.
Gary Lavalette, volunteer
caretaker at the fort in Fairhaven,
near the Rhode Island state line,
says people have been leaving
trash, vandalizing historic structures and publicly urinating. He
told WLNE-TV that a stone wall
was taken apart with a crowbar
and parts of the property look
like a “minefield” because people
are digging up the ground.
The Fairhaven Historical
Commission says hundreds of
Pokemon Go players have
been flocking to the fort, often
at night, because it’s where a
rare Pokemon can be found. The
fort was destroyed by the British
in 1778 but later rebuilt.
bullion
Price Per tola
Hallmark Gold
Rs58,900
Tejabi Gold
Rs58,650
Silver
Rs890
Source: FENEGOSIDA
m u s t- h av e a c c e s s o r y
The Basque beret, from peasant cap to ‘emblem of France’
Agence France-Presse
OLORON-SAINTE-MARIE, Aug 7
The beret has come a long way
since its humble beginnings as
the headgear of choice for pelota players in the Basque country, becoming a must-have accessory as far afield as China.
The jaunty topper preferred
by Che Guevara and Pablo
Picasso added a saucy touch to
Monica Lewinsky’s look in a
famous photo of her getting a
hug from then president Bill
Clinton at a 1996 White House
event.
In Oloron-Sainte-Marie,
France’s “Basque Beret
Capital”, one company, the
House of Laulhere, lays claim to
being the oldest producer of the
flat cap, turning them out for
nearly 200 years. The beret will
never go out of fashion, says
commercial director Mark
Saunders.
“The image of the
Frenchman with a baguette
under the arm and a beret on
his head is obsolete only in the
minds of the French,” says the
47-year-old Irishman. “Overseas,
the beret is the emblem of
France, synonymous with luxury and fashion,” he says, noting
that Monaco’s Princess
Charlene donned a Laulhere
beret for her first public appearance after the birth of her twin
girls two years ago.
Laulhere is now one of the
last firms to produce berets that
are 100 percent made in
France. “Just 30
years ago in this
region there
were 22 beret factories,” Saunders
says in fluent French
tinged with an Irish brogue.
A few new manufacturers
have sprung up recently in
nearby Bearn, including some
The knitting is now
mechanised, but all
the other stages are
performed by hand
that simply put the finishing
touches on berets that they buy
wholesale, he notes. “We are not
the last French maker but the
last historic maker of the
French beret,” Saunders says
with a twinkle in his eye.
Laulhere has a counterpart
in the Spanish Basque country
just over the border, Boinas
Elosegui, in the town of Tolosa
in the shadow of the
Pyrenees. Founded in
1858, it is the only
Spanish company to
make fine quality
Basque berets. Like
Laulhere, at Boinas
Elosegui almost the
entire process from weave to
finish is carried out by hand
using pure virgin merino wool.
Laulhere’s unique know-how
earned the company the
coveted national distinctions of
Living Heritage Enterprise
and Guaranteed Origin France
in 2012.
“One of the secrets is the felting, in which the berets are
washed for between five and
seven hours with water from
the river Gave,” Saunders said.
“The minerals in the Gave
water give the Laulhere berets
their feel, which you cannot
achieve with tap water.”
The firm was on the edge of
bankruptcy in 2012 when it was
bought by the Cargo holding
company grouping around 15
small businesses in southwestern France. Now, with a staff of
45 producing 200,000 berets per
year and a turnover of 2.9 million euros ($3.2 million) in 2015,
the company has three main
markets.
The traditional “Heritage”
beret makes up 35 percent of its
output; another 30 percent goes
to military clients in France and
around the world, with the rest
going to haute-couture thanks to
the fashion trend set by designers such as Dolce & Gabbana,
John Galliano, Louis Vuitton
and Ralph Lauren.
It is also the official supplier
of France’s rugby team. Nearly
a third of its production is for
export, with clients in around 20
countries including Japan,
China and the United States.
The process involves 10 main
stages using purpose-built
“top-secret” equipment.
The knitting is now mechanised, but all the other stages
are performed by hand—including felting, dying, shaping,
shaving, finishing and garnishing. The basic beret costs 25
euros ($28), while luxury models
can be priced at as much as
1,400 euros.
Int’l market
EnergyPrice (US$)%Change
Brent Crude Futr (Bbl)
Gas Oil Fut (Ice) (Mt)
Gasoline Rbob Fut (Gal)
Natural Gas Futr (Mmbtu)
44.27
378.25
137.63
2.77
-0.05
1.34
0.61
-2.19
AgriculturePrice (US$)%Change
Cocoa Future (Mt)
Coffee ‘C’ Future (Lb)
Corn Future (Bu)
Cotton No. 2 Futr (Lb)
Rough Rice (Cbot) (Cwt)
Soybean Future (Bu)
Soybean Meal Futr (T)
Soybean Oil Futr (Lb)
Sugar #11 (World) (Lb)
Wheat Future (Cbt) (Bu)
Industrial Metals
Copper Future (Lb)
Precious Metals
Gold 100 Oz Futr (T Oz)
Silver Future (T Oz)
2,987.00
142.5
334.25
76.74
9.31
974.5
331.4
31.01
20.35
416
0.84
0.28
0.98
1.20
-0.21
1.86
2.28
-0.06
3.30
3.16
Price (US$)%Change
215.4
-2.00
Price (US$)%Change
1,344.40
19.73
-1.68
-0.46
C M Y K