Latest NEPSE News & Share Market Updates
Gold Price Falls by Rs. 1200 Per Tola; Silver by Rs. 10
Gold prices have witnessed a moderate fall in the domestic market today, falls by Rs. 1200 per tola to settle at Rs. 320,900 per tola, down from the previous rate of Rs. 322,100 per tola. The Federation of Nepal Gold and Silver Dealers' Association (FENEGOSIDA) reported that Tejabi gold price also falls by Rs. 1200 per tola to reach Rs. 320,200 per tola, compared to Rs. 321,400 per tola on the previous day. Similarly, silver prices moved in the same direction, falls by Rs.10 per tola to Rs. 4,965 per tola from Rs. 4,975 per tola on the previous day.
Rasuwagadhi Hydropower Plant Suspends Power Generation After Severe Flood Damage
Rasuwagadhi Hydropower Company Limited (RHPL) has suspended electricity generation at its 111 MW Rasuwagadhi Hydropower Project following extensive damage caused by a major flood in the Bhote Koshi River. According to the company, the flood occurred on Wednesday morning, Bhadra 10, 2083 BS, in the source river of the project, causing significant damage to the dam site, residential facilities, and most of the structures of the hydropower plant. The project is located along the boundary of Wards 1 and 2 of Gosainkunda Rural Municipality in Rasuwa district. RHPL said it has received preliminary information indicating that substantial damage has been inflicted on the project's key infrastructure. The status of most employees working at the hydropower plant also remains unknown following the incident. The company described the situation as an unprecedented and uncontrollable event and said electricity generation from the hydropower plant has been halted for the time being. Further assessment of the damage and the condition of the affected infrastructure and personnel is expected as rescue and response efforts continue in the flood-hit area.
PM Balen Shah: Over 15 Flights Conducted as Rescue and Relief Efforts Intensify in Flood-Hit Rasuwa
Prime Minister Balen Shah has said that efforts are underway to rapidly deliver essential relief supplies to flood-affected areas while rescue operations continue in Rasuwa. Prime Minister Shah said helicopter rescue flights began at 6:30 a.m. Thursday, with more than 15 flights already completed as of the latest update. He added that additional helicopters remain on standby to support ongoing rescue operations. According to Shah, the Nepali Army rescued 116 people from Timure in Rasuwa in a rescue operation on Thursday morning. Of those rescued, 95 were Nepali nationals, and 21 were Indian nationals. In a separate operation, seven Nepali citizens stranded inside a tunnel were also rescued safely. Prime Minister Shah said essential supplies and equipment are being transported to the affected areas, including generators, portable mobile towers, medical supplies, tents, and machines for cutting iron and rocks. He said temporary arrangements for mobile network connectivity and mobile phone charging facilities would be established in the disaster-affected areas shortly to help restore communication and support rescue coordination. Shah also said that a temporary camp has been established in Nuwakot, with arrangements made for food and drinking water for those affected by the disaster. He added that information collection through drone surveys is in its final stage, which is expected to provide authorities with a clearer assessment of the situation across the affected areas. The Prime Minister further said that during helicopter evacuations, priority would be given to critically ill and seriously injured people, elderly citizens, women and children. The government has continued to mobilize security agencies and emergency resources as rescue, relief and communication restoration efforts intensify in the flood-affected areas of Rasuwa.
Prime Minister Balen Shah Conducts On-Site Inspection of Flood-Devastated Nuwakot, Assessing Economic and Infrastructure Impact
Kathmandu, Nepal – Prime Minister Balen Shah embarked on a critical on-site inspection of Bidur, Nuwakot, this morning, personally assessing the extensive damage wrought by the recent devastating floods along the Bhote Koshi River. Accompanied by Infrastructure Development Minister Sunil Lamsal, the Prime Minister's visit underscores the government's immediate response and commitment to understanding the ground reality of the disaster that has gripped parts of central Nepal. The high-level delegation departed for Bidur by road around 9:30 a.m., with the primary objective of evaluating the scale of destruction and overseeing the ongoing rescue and relief operations in one of the most severely affected regions. This direct engagement by the nation's top leadership is crucial for formulating effective strategies for both immediate humanitarian aid and long-term reconstruction. The catastrophic floods, which originated in the Bhote Koshi River in Rasuwa on Wednesday, have unleashed widespread havoc, particularly along the riverbanks. The torrents have not only displaced communities but have also inflicted significant damage on vital infrastructure, including roads, bridges, and communication networks, which are the lifelines of these remote mountainous regions. For investors, the disruption to infrastructure poses immediate concerns regarding supply chain integrity, project timelines, and overall regional economic activity. The Bhote Koshi corridor, in particular, is a critical artery for trade and tourism, and its prolonged disruption could have ripple effects across various sectors. The Prime Minister's firsthand assessment is expected to provide invaluable insights into the challenges faced by local authorities and affected populations. This direct observation will be instrumental in streamlining the government's response, ensuring that resources are allocated efficiently to areas most in need. The presence of the Infrastructure Development Minister further highlights the government's focus on rapidly restoring essential services and rebuilding damaged infrastructure, a task that will require substantial financial outlay and coordinated efforts. From an economic perspective, the floods present a multifaceted challenge. The immediate costs associated with rescue, relief, and temporary shelter are significant. More profoundly, the long-term economic implications include the massive financial burden of reconstructing damaged public and private infrastructure. Nepal's hydropower sector, a cornerstone of its economic development and a significant area for domestic and foreign investment, is particularly vulnerable in such events. While specific details of hydropower project damage in this particular flood are still emerging, the Rasuwa-Nuwakot region hosts several operational and under-construction hydropower plants. Any disruption to these projects could impact energy supply, revenue generation for companies, and investor confidence in the sector. Furthermore, the agricultural sector, a primary source of livelihood for many in these areas, is likely to suffer extensive losses, impacting food security and local economies. The government will need to balance immediate humanitarian needs with strategic long-term investments in resilient infrastructure and disaster preparedness to mitigate future risks. This disaster also brings into focus the need for robust insurance mechanisms and risk management strategies for businesses and individuals operating in high-risk zones. The ongoing efforts involve various government agencies, local administrations, and non-governmental organizations working tirelessly to provide assistance. The Prime Minister's visit is a clear signal of the central government's commitment to leading these efforts and ensuring a coordinated national response. As Nepal grapples with the aftermath of this natural calamity, the focus remains on ensuring the safety and well-being of its citizens while simultaneously planning for a resilient recovery that safeguards economic stability and investor interests in the long run. The coming weeks will be critical in assessing the full economic fallout and charting a path forward for recovery and reconstruction.
Air Rescue Operations Begin in Flood-Hit Rasuwa
Air rescue operations have begun in Rasuwa from early Thursday morning to evacuate citizens injured or stranded following flooding in the Bhote Koshi River. Three air rescue teams have been mobilized since early morning to support the evacuation effort. Helicopters have been deployed to rescue workers and other citizens, including those working at the Trishuli 3 ‘A’ and Trishuli 3 ‘B’ hydropower projects. A team equipped with medical personnel, security staff, communication sets, and generators has also been mobilized toward Dhunche to support rescue and emergency response operations. Earlier Thursday morning, a high-level meeting was held at the Nepal Army’s No. 1 Military Training Centre in Trishuli, Nuwakot. The meeting, attended by the Bagmati Province Chief Minister, Information and Communications Minister Dr. Bikram Timilsina, the provincial Minister for Economic Affairs, and Rasuwa Chief District Officer Shambhu Prasad Regmi, among others, decided to give top priority to rescue operations. Reports continue to come in that people remain stranded in flood-affected areas and require immediate evacuation. Three people who had been stranded inside a tunnel of the Trishuli 3 ‘A’ Hydropower Project were rescued and brought to the No. 1 Military Training Centre in Nuwakot. The meeting also directed authorities to strengthen relief distribution and restore disrupted telecommunications services in the affected areas. Information and Communications Minister Dr. Timilsina instructed officials to make communications services operational as soon as possible. Chief District Officer Regmi said that relief distribution would be prioritized alongside the ongoing rescue operations as authorities work to assist those affected by the flooding.
Reminder! Last Trading Day to Secure Dividend of Siddhartha Investment Growth Scheme 3 and Siddhartha Investment Growth Scheme-2
Today is the last day to grab the dividend proposed by "Siddhartha Investment Growth Scheme 3 (SIGS3)" and "Siddhartha Investment Growth Scheme-2 (SIGS2)". In a meeting of the board of directors of Siddhartha Capital Limited decided to distribute an 8% cash dividend (including tax) worth Rs. 9.60 crores for Siddhartha Investment Growth Scheme-2 (SIGS2), and a 10% cash dividend (including tax) worth Rs. 8.05 crores for Siddhartha Investment Growth Scheme 3 (SIGS3) for the fiscal year 2082/83. Siddhartha Investment Growth Scheme 3 (SIGS3) and Siddhartha Investment Growth Scheme-2 (SIGS2) are all closed-ended mutual funds with a 10-year maturity period, managed by Siddhartha Capital Limited. As of the month of Ashadh, the Net Asset Value (NAV) of SIGS3 is reported at Rs. 11.44, with a closing price of Rs. 10.85. SIGS2's NAV stands at Rs. 10.85, with a closing price of Rs. 10.36. The book closure date for dividend eligibility is 15th Bhadra, meaning unit holders on record till 14th Bhadra are entitled to receive the dividend.
Nepal's Flood Disaster: Death Toll Rises to 157 Following Bhote Koshi Flash Flood, Broader Economic Implications Emerge
The recent devastating flash floods originating from the Bhote Koshi River in Rasuwa district have tragically claimed the lives of at least 157 individuals across multiple districts in Nepal. This somber update from the Nepal Police highlights the severe human cost of the natural calamity, which has swept through various regions, leaving a trail of destruction and grief. According to the latest official figures, the deceased include 34 women, 63 men, 6 girls, and 7 boys. A significant challenge remains in identifying 47 of the recovered bodies, underscoring the chaotic nature of the disaster and the difficulties faced by rescue and recovery teams. The geographical spread of the tragedy is extensive, with bodies recovered from several districts downstream from the initial flash flood. Rasuwa, the epicenter of the Bhote Koshi floods, has reported the recovery of three male bodies. The impact, however, extends far beyond, with Nuwakot accounting for six women and seven men among the deceased. Dhading district has seen the recovery of ten women, ten men, one girl, and six unidentified individuals. Further downstream, Gorkha district has reported two women, eight men, one boy, and eight unidentified bodies. The grim count continues in Chitwan, a major hub, where thirteen women, eighteen men, one girl, four boys, and twenty-eight unidentified bodies have been found. Tanahu district has also been affected, with one woman, five men, one girl, one boy, and one unidentified person confirmed dead. Lastly, Nawalparasi East has reported two women, twelve men, three girls, one boy, and four unidentified bodies. These figures, compiled by the Nepal Police and reported by RSS, paint a stark picture of the widespread devastation. For investors, while the immediate focus is on the humanitarian crisis, such large-scale natural disasters invariably carry significant economic implications. The Bhote Koshi River basin is crucial for Nepal's burgeoning hydropower sector, and previous reports have already highlighted extensive infrastructure damage, with estimates exceeding NPR 200 billion. While some hydropower projects have shown resilience in their Q4 earnings, the overall sector faces substantial reconstruction costs and potential delays in project timelines. This could impact the profitability and operational stability of listed hydropower companies, warranting close monitoring by investors. Beyond hydropower, the floods disrupt supply chains, agricultural activities, and local economies in the affected regions. The loss of life also represents a loss of human capital, which can have long-term effects on productivity and economic growth. Government resources will be diverted towards relief, rehabilitation, and reconstruction efforts, potentially impacting planned development expenditures. However, Nepal has historically demonstrated resilience in the face of natural calamities. The government, along with national and international aid organizations, is expected to mobilize extensive support for the affected communities. The long-term recovery will depend on coordinated efforts to rebuild infrastructure, restore livelihoods, and provide psychological support to survivors. For the broader Nepali economy, which has recently shown robust external sector performance and contained inflation, the challenge will be to absorb these shocks while maintaining its growth trajectory. Investors should consider the potential for increased government spending on infrastructure rebuilding, which could stimulate certain sectors, alongside the immediate negative impacts on specific industries and regions. The full economic ramifications will unfold over time, requiring careful assessment by market participants.
Flood Forecasting Division Dispels Rumors of Imminent Major Floods in Rasuwa and Nuwakot, Urges Public to Rely on Official Information
The Flood Forecasting Division (FFD) has officially refuted widespread rumors regarding the imminent arrival of additional large-scale floods in Nepal's Rasuwa and Nuwakot districts. In a crucial public announcement, the FFD clarified that based on currently available information and preliminary analyses, there is no credible basis to support claims of further destructive floods in these regions. This clarification comes at a critical time, following recent devastating flood events that have wreaked havoc across various parts of Nepal, including Rasuwa. The FFD has urged the public to remain calm and exercise caution, advising against believing or disseminating unverified information and rumors that can cause unnecessary panic and disruption. Such misinformation, especially during periods of heightened natural disaster risk, can have far-reaching consequences, affecting not only public safety but also economic activities and investor sentiment. While acknowledging that ongoing rainfall in the affected areas might lead to some increase in river flows, the FFD reiterated that this does not indicate an immediate threat of devastating floods beyond what has already been experienced or predicted. The agency emphasized its commitment to timely and accurate dissemination of information, assuring the public that robust protocols are in place. Should a significant flood event be anticipated, particularly from cross-border sources, immediate alerts would be issued in close coordination with security agencies and other relevant bodies stationed at border areas. These official warnings would be disseminated rapidly and widely via SMS and other available communication platforms to ensure maximum reach and preparedness. For investors, stability and accurate information are paramount. Unfounded fears and rumors can create unwarranted volatility in specific sectors, such as hydropower and insurance, which are directly exposed to the impacts of natural calamities. The recent floods have already highlighted the vulnerability of infrastructure, with reports of significant damage to hydropower projects and other critical assets. In this context, official clarifications from authoritative bodies like the FFD play a vital role in stabilizing public sentiment and providing a clear picture for economic planning and investment decisions. The FFD's proactive communication underscores the critical role of government agencies in disaster preparedness and management. By providing timely and accurate forecasts, these bodies not only protect lives and property but also foster public trust and enable effective response planning. As Nepal continues to navigate the challenges posed by natural disasters, the importance of relying solely on official sources for flood-related information and taking necessary precautions based on verified data cannot be overstated. This collective vigilance and adherence to official advisories are crucial for mitigating the impacts of natural calamities and ensuring the resilience of both communities and the economy.
Nepal's Economy Shows Resilience: Inflation Contained as Hydropower Sector Reports Stellar Q4 Earnings
Nepal's central bank, Nepal Rastra Bank (NRB), has released its annual statistics for Fiscal Year 2082/83 (corresponding to 2025/26 AD), painting a picture of a largely controlled inflationary environment. This news offers crucial insights for investors monitoring the nation's economic stability and the purchasing power of consumers. The annual average consumer inflation for the review year was successfully contained at 3.08 percent, a notable decrease from 4.06 percent recorded in the preceding fiscal year. This moderation in overall price levels signals effective monetary policy management and a stable economic outlook, which is generally favorable for long-term investment planning. A deeper dive into the inflation figures reveals interesting trends across different consumption categories. The food and beverage group experienced a remarkably low annual average consumer inflation of just 1.04 percent in the review year. This is a significant improvement from the 4.69 percent inflation observed in the prior fiscal year, suggesting stable supply chains and potentially favorable agricultural output. For investors, particularly those in the consumer goods and retail sectors, this low food inflation could translate into stable consumer spending patterns and predictable operational costs. Conversely, the non-food and services group saw its annual average inflation rise to 4.21 percent, up from 3.71 percent in the previous year. This indicates that while essential goods remained affordable, costs associated with services, housing, transportation, and other non-food items experienced a relatively higher price increase. This divergence highlights areas where inflationary pressures might still be persistent and could influence investment decisions in sectors heavily reliant on these services. Looking at the more recent data, the year-on-year consumer inflation for Ashar 2083 (mid-July 2026) stood at 5.14 percent. This is a considerable jump from 2.20 percent recorded in the same month of the previous year. While the annual average remains low, this point-to-point increase warrants attention, as it could signal emerging inflationary pressures that the central bank will need to monitor closely. Investors should be mindful of this trend, as sustained higher year-on-year inflation could impact corporate earnings and consumer confidence. Geographically, inflation rates varied across Nepal. Kathmandu Valley recorded an annual average consumer inflation of 3.16 percent, while the Terai region saw 3.28 percent. The Hilly region experienced 2.81 percent, and the Himalayan region reported the lowest at 2.73 percent. This regional disparity suggests varying economic dynamics and supply chain efficiencies. Furthermore, rural areas experienced a 2.65 percent increase in the annual average consumer price index, compared to 3.22 percent in urban areas, indicating that urban centers might be facing slightly higher cost-of-living pressures. Province-wise, Sudurpaschim Province reported the lowest average inflation at 2.05 percent, while Koshi Province registered the highest at 3.77 percent. These regional insights are valuable for investors considering localized market opportunities and risks. Shifting focus to the corporate sector, the hydropower industry in Nepal has demonstrated exceptional financial performance, particularly in the fourth quarter of the last fiscal year. An aggregate analysis of 111 hydropower companies reveals an astounding average net profit growth of over 471 percent. This remarkable surge underscores the sector's robust recovery and expansion, positioning it as a highly attractive segment for investors. Out of the 111 companies whose financial statements were reviewed, a significant 91 companies reported net profits, indicating widespread profitability across the industry. This positive trend can be attributed to several factors, including increased electricity generation capacity, potentially improved power purchase agreements (PPAs) with the Nepal Electricity Authority (NEA), and enhanced operational efficiencies. The monsoon season often brings higher water levels, boosting generation, and new projects coming online also contribute to overall sector growth. For investors, this strong performance signals a maturing sector with significant potential for capital appreciation and dividend payouts. However, the report also highlights that 20 companies within the sector are still operating at a loss. This serves as a reminder that while the industry as a whole is thriving, individual companies may face unique challenges related to project delays, operational inefficiencies, debt burdens, or specific geographical constraints. Investors are advised to conduct thorough due diligence on individual hydropower stocks, even amidst the sector's impressive overall performance. The strong performance of the majority, coupled with the challenges faced by a minority, suggests a dynamic market ripe for strategic investment choices. The government's continued focus on energy development and export potential further bolsters the long-term outlook for Nepal's hydropower sector, making it a cornerstone of the nation's economic growth story.
Nepal Rastra Bank Unveils Comprehensive FY 2025/26 Report: Economic Resilience and Key Indicators for Investors
The Nepal Rastra Bank (NRB), the nation's central bank, has released its annual macroeconomic and financial situation report for the fiscal year 2025/26, offering a detailed snapshot of Nepal's economic performance and stability. The report highlights a period characterized by robust external sector performance, moderate inflation, and evolving dynamics within the financial and capital markets. For investors, understanding these key indicators is crucial for navigating the opportunities and challenges within the Nepali economy. Overall, the NRB estimates that year-on-year inflation remained at a manageable 3.85 percent. The nation's gross foreign exchange reserves demonstrated significant strength, reaching an impressive Rs. 3,897.67 billion, equivalent to USD 25.31 billion. This substantial reserve position provides a strong buffer against external shocks and supports import capacity. Trade figures indicated growth, with total imports increasing by 16.2 percent and exports by 13.8 percent. However, the NEPSE index experienced a decline, standing at 2590.29 in mid-July 2026, down from 2794.79 in mid-July 2025, reflecting a cautious sentiment in the capital market. Inflationary pressures, while moderate on an annual average, showed some upward movement on a year-on-year basis. The consumer price inflation stood at 5.14 percent in mid-July 2026, a notable increase from 2.20 percent recorded in the same period a year prior. Despite this, the annual average consumer price inflation for FY 2025/26 remained at 3.08 percent, a decrease from 4.06 percent in the previous fiscal year, suggesting overall price stability throughout the year. Wholesale price inflation also saw an increase, reaching 4.27 percent annually and 6.67 percent year-on-year by mid-July 2026, indicating rising input costs for businesses. These figures are vital for investors assessing the profitability and operational costs of various sectors. Nepal's external sector proved to be a significant pillar of strength. Remittance inflows, a cornerstone of the Nepali economy, surged by an impressive 37.1 percent to Rs. 2,363.13 billion in FY 2025/26 (USD 16.19 billion). This robust growth in remittances not only supports household incomes but also directly contributes to the nation's foreign exchange reserves. The gross foreign exchange reserves themselves witnessed a substantial 45.6 percent increase, reaching Rs. 3,897.67 billion (USD 25.31 billion). This level of reserves is adequate to cover approximately 23 months of merchandise imports and 19.6 months of merchandise and services imports, providing unparalleled economic stability and bolstering investor confidence in the country's ability to manage its external accounts. The current account recorded a significant surplus of Rs. 923.56 billion, and the overall balance of payments remained in a healthy surplus of Rs. 1,027.04 billion, further underscoring the strength of the external sector. The trade balance, however, presented a mixed picture. Merchandise exports grew by 13.8 percent to Rs. 315.29 billion, driven primarily by increased exports to India (15.1 percent) and other countries (10.1 percent). Conversely, exports to China experienced a decline of 28 percent. Merchandise imports outpaced exports, rising by 16.2 percent to Rs. 2,096.38 billion, with increases across all major trading partners. Consequently, the total trade deficit expanded by 16.6 percent to Rs. 1,781.09 billion. The export-import ratio slightly decreased to 15.0 percent, indicating a continued reliance on imports. On the fiscal front, government expenditure reached Rs. 1,582.17 billion, a 4.6 percent increase. While recurrent expenditure saw a 9.1 percent rise, capital expenditure declined by 14.8 percent to Rs. 190.84 billion. This decline in capital expenditure could be a point of concern for long-term economic growth and infrastructure development. Government revenue increased by 5.3 percent to Rs. 1,241.32 billion. Public debt continued its upward trend, reaching Rs. 2,974.90 billion, or 45.07 percent of GDP, comprising both external and domestic components. Investors should monitor the government's fiscal management and its impact on future economic policies. The monetary and financial sector exhibited notable trends. Broad money supply increased by 13.4 percent, while deposits at banks and financial institutions (BFIs) grew by 13.9 percent. Private-sector credit, however, expanded at a slower pace of 6.5 percent, indicating a more cautious lending environment or subdued demand from certain sectors. Interest rates across various categories generally declined, with the weighted average interbank rate falling to 2.75 percent and the average lending rate of commercial banks decreasing to 6.55 percent. This reduction in borrowing costs could stimulate economic activity. The banking sector maintained reasonable health, with an average non-performing loan (NPL) ratio of 5.66 percent and adequate capital adequacy ratios, suggesting resilience despite the economic shifts. The NEPSE market capitalization declined to Rs. 4,463.55 billion from Rs. 4,656.99 billion a year earlier, mirroring the fall in the NEPSE index. This indicates a contraction in overall market value. However, the number of companies listed on NEPSE increased to 302 from 272, suggesting continued interest in public listings despite the broader market downturn. This divergence presents both challenges and opportunities for equity investors. Other economic indicators included a modest 0.95 percent increase in tourist arrivals, reaching over 1.15 million, signaling a continued recovery in the tourism sector. International commodity prices also saw increases, with Brent crude oil rising by 16.6 percent to USD 81.23 per barrel and gold prices soaring by 20.2 percent to USD 3,993.55 per ounce. These global price movements have implications for Nepal's import bill and inflation. In conclusion, the NRB's FY 2025/26 report paints a picture of an economy demonstrating resilience, particularly through its strong external sector driven by robust remittance inflows and substantial foreign exchange reserves. While inflation remains moderate on an annual average, and interest rates have declined, challenges persist in the form of a widening trade deficit, a decline in capital expenditure, and a subdued performance in the capital market. Investors should carefully consider these multifaceted trends when making informed decisions in the dynamic Nepali economic landscape.
SEBON Approved NIC Asia Capital's Mutual Fund Scheme ; "NIC Asia Equity Opportunity Fund" To Issue 8 Crore Mutual Fund Units
The Securities Board of Nepal (SEBON) has approved the "NIC Asia Equity Opportunity Fund" worth Rs 80 crores on Bhadra 10, 2083. This is a closed-end 10 year mutual fund scheme that will be floating 8 crore units each share at a par value of 10 per share. The sponsor of the fund is NIC Asia Bank Limited, while the fund manager is NIC Asia Capital Limited. As of now, NIC Asia Capital is managing four closed-end funds and one open end funds in the market.
SEBON Approved Muktinath Capital's Mutual Fund Scheme ; "Muktinath Mutual Fund 2" To Issue 10 Crore Mutual Fund Units
The Securities Board of Nepal (SEBON) has approved the "Muktinath Mutual Fund 2" worth Rs 1 arba on Bhadra 10, 2083. This is a closed-end 10 year mutual fund scheme that will be floating 10 crore units each share at a par value of 10 per share. The sponsor of the fund is Muktinath Bank Limited, while the fund manager is Muktinath Capital Limited. As of now, Muktinath Capital is managing one closed-end funds in the market.
Nepal Faces Over NPR 200 Billion Infrastructure Damage from Rasuwa Floods, Hydropower Sector Shows Resilience with Stellar Q4 Earnings
Nepal is grappling with the aftermath of devastating floods in Rasuwa, with preliminary estimates indicating an staggering loss exceeding NPR 200 billion to critical infrastructure, including roads and bridges. This significant figure was revealed by Minister for Physical Infrastructure and Development, Sunil Lamsal, who underscored the immense challenge facing the nation in recovery and reconstruction. The widespread damage not only disrupts daily life and connectivity for thousands but also poses a substantial economic burden on the national exchequer. Minister Lamsal assured the public of the government's unwavering commitment to the swift reconstruction of the damaged infrastructure. He acknowledged that a precise assessment of the total damage would require several more days, as teams continue to evaluate the extent of the destruction across the affected regions. The immediate priority remains to restore essential services and connectivity, which are vital for relief efforts and the long-term recovery of the local economy. The scale of this disaster highlights Nepal's vulnerability to natural calamities and the urgent need for resilient infrastructure development. The economic ramifications of such extensive damage are profound. Beyond the direct costs of rebuilding, there will be indirect impacts on trade, tourism, and local livelihoods. Supply chains could be disrupted, increasing the cost of goods and services, while the movement of people and resources will be hampered. For a developing economy like Nepal, diverting significant funds towards disaster recovery can strain public finances and potentially delay other crucial development projects. Investors will be closely watching the government's response and its ability to mobilize resources effectively to mitigate these economic headwinds. In a seemingly contrasting yet equally significant development, the Nepalese hydropower sector has demonstrated remarkable financial resilience. According to the latest financial statements for the fourth quarter of the last fiscal year, hydropower companies have collectively reported an average net profit growth exceeding an impressive 471%. This robust performance is particularly noteworthy given the challenging economic environment and the recent natural disasters. Out of a total of 111 hydropower companies whose financial data was analyzed, 91 companies recorded net profits, signaling a strong operational period for the majority of the sector. However, 20 companies still reported losses, indicating that profitability is not uniform across the board and some entities continue to face operational or financial hurdles. The stellar Q4 earnings for the majority of hydropower firms provide a glimmer of hope amidst the infrastructure devastation. A thriving hydropower sector is crucial for Nepal's energy security and economic growth, attracting both domestic and foreign investment. While the immediate focus is on flood relief and infrastructure repair, the long-term health of key economic sectors like hydropower will be instrumental in the nation's overall recovery trajectory. The government's efforts to rebuild roads and bridges will directly support the hydropower sector by ensuring access to project sites, facilitating maintenance, and enabling the efficient transmission of generated electricity. Investors should consider both these factors. The massive infrastructure damage presents a short-to-medium term challenge, potentially impacting construction companies, logistics, and overall economic sentiment. However, the strong performance of the hydropower sector suggests underlying strength in a critical industry. This dichotomy highlights the complex investment landscape in Nepal, where opportunities and risks coexist. Future government policies on disaster management, infrastructure development, and energy sector support will be key determinants of economic stability and investor confidence. The ability to effectively manage the current crisis while fostering growth in vital sectors will define Nepal's economic narrative in the coming months.
Nepal Insurers' Association Urges Swift Claim Processing for Rasuwa Flood Victims
The Nepal Insurers' Association (NIA), the apex body representing non-life insurance companies in Nepal, has issued an urgent appeal to policyholders affected by the devastating floods in Rasuwa. The association is calling for streamlined and expedited insurance claim processing to provide much-needed relief and support to individuals and businesses grappling with the aftermath of the natural calamity. In a press statement released today, the NIA underscored the insurance sector's unwavering commitment to standing in solidarity with affected policyholders and the general public during this challenging period. The association explicitly stated its dedication to bearing the financial risks associated with damages to insured properties, reaffirming the fundamental purpose of insurance in mitigating unforeseen losses. The catastrophic flash floods, which struck the Bhotekoshi River basin in Rasuwa, particularly impacting the border region of Rasuwagadhi and downstream areas, have caused widespread destruction. The NIA expressed profound concern over the extensive damage inflicted upon residential homes, commercial buildings, vehicles, industrial establishments, businesses, and other valuable assets. This widespread devastation highlights the critical role of insurance in facilitating recovery and rebuilding efforts in disaster-prone regions like Nepal. To ensure a swift and efficient claims process, the NIA has earnestly requested all affected policyholders to promptly contact their respective insurance companies. This proactive engagement is crucial for initiating the necessary procedures for damage assessment and claim submission. Furthermore, the association has urged its member insurance companies to provide comprehensive facilitation and support to policyholders throughout the claim process, ensuring transparency, empathy, and efficiency. Recognizing the urgency of the situation, the NIA has pledged to actively coordinate with all stakeholders to accelerate the damage assessment and claim settlement procedures. This commitment aims to minimize delays and ensure that policyholders receive their rightful compensation without undue burden, thereby contributing significantly to their recovery journey. The association reiterated its solidarity with the affected citizens and businesses, emphasizing its role as a pillar of support in these trying times. The floods have not only caused immense property damage but have also resulted in tragic loss of life and injuries. The NIA extended its deepest condolences to the families who have lost loved ones and expressed profound sorrow for the human toll of the disaster. The association also conveyed its heartfelt wishes for the speedy recovery of all injured individuals and the safe rehabilitation of those displaced by the floods. This proactive stance by the Nepal Insurers' Association is vital for maintaining public trust in the insurance sector and demonstrating its societal value beyond mere financial transactions. By facilitating timely claim settlements, the insurance industry plays a crucial role in economic stabilization and recovery post-disaster, helping communities and businesses to rebuild and regain normalcy. Investors should note that while natural disasters present significant claim burdens, the industry's organized response and commitment to policyholders are key indicators of its resilience and long-term stability in the Nepalese market. The efficiency of this process will be closely watched as a measure of the sector's operational robustness.
Nepal's Economy: Robust External Sector Bolsters Stability Amidst Slow Production Growth
Nepal's central bank, Nepal Rastra Bank (NRB), has released its annual economic statistics for the fiscal year 2082/83 (2025/26), painting a nuanced picture of the nation's economic health. While the external sector has demonstrated remarkable resilience and strength, bolstering overall economic stability, the productive sectors continue to grapple with sluggish growth. This dichotomy presents both opportunities and challenges for investors navigating the Nepalese market. The NRB's report estimates the country's economic growth rate for the review period to be a modest 3.85 percent, a deceleration from the 4.43 percent recorded in the previous fiscal year. A closer look at sectoral performance reveals varying trajectories: the agricultural sector is projected to grow by 1.58 percent, the industrial sector by a more robust 5.67 percent, and the services sector by 4.21 percent. This indicates that while certain areas like industry show promise, the foundational agricultural sector's subdued growth could be a drag on overall expansion. On the inflation front, the central bank has largely managed to keep price increases under control. The annual point-to-point consumer inflation for the month of Ashar (mid-June to mid-July) stood at 5.14 percent. More significantly, the average inflation for the entire fiscal year was contained at 3.08 percent, a notable improvement from the 4.06 percent recorded in the preceding fiscal year. This stability in prices is a positive indicator for both consumers and businesses, reducing uncertainty and supporting purchasing power. The average inflation for the food and beverage group was particularly low at 1.04 percent, while the non-food and services group saw inflation at 4.21 percent. The external sector stands out as a beacon of strength in the NRB's assessment. Gross foreign exchange reserves witnessed a substantial increase of 45.6 percent, reaching an impressive NPR 389.76 billion (equivalent to USD 25.31 billion). This robust reserve position is critical for national economic security, as it is deemed sufficient to cover more than 19 months of prospective imports of goods and services, far exceeding international benchmarks for import coverage. Furthermore, the current account recorded a significant surplus of NPR 923.56 billion, and the overall balance of payments (BoP) registered an even larger surplus of NPR 1,027.04 billion. These figures underscore Nepal's improved external financial position and reduced vulnerability to external shocks. A major contributor to this external sector strength is the continued surge in remittance inflows. During the review period, remittances increased by a remarkable 37.1 percent, reaching a record NPR 2,363.13 billion. This inflow of foreign currency not only supports the balance of payments but also significantly boosts household incomes and consumption, playing a vital role in the Nepalese economy. The number of Nepalis seeking foreign employment remains high, with 406,519 individuals obtaining final labor permits and 385,783 renewing their permits. In terms of foreign trade, the report indicates a mixed performance. Total merchandise exports grew by 13.8 percent to NPR 315.29 billion. However, imports also saw a significant increase of 16.2 percent, reaching NPR 2,096.38 billion. Consequently, the total merchandise trade deficit widened to NPR 1,781.09 billion. While export growth is encouraging, the larger increase in imports highlights the ongoing challenge of reducing the trade imbalance. Government finance data reveals that total government expenditure for the fiscal year amounted to NPR 1,582.17 billion, while total revenue mobilization stood at NPR 1,241.32 billion. This indicates a fiscal deficit, which is a common challenge for developing economies. The total outstanding debt of the Nepal government reached NPR 2,974.90 billion, representing 45.07 percent of the Gross Domestic Product (GDP). Managing this debt sustainably will be crucial for long-term fiscal health. Within the monetary sector, broad money supply expanded by 13.4 percent. Deposit mobilization by banks and financial institutions (BFIs) increased by 13.9 percent, reaching NPR 8,276.93 billion. Credit extended to the private sector saw a more moderate growth of 6.5 percent, totaling NPR 5,857.06 billion. The non-performing loan (NPL) ratio for BFIs was reported at 5.66 percent, a figure that warrants careful monitoring by regulators and investors alike. The capital market also saw activity, with the NEPSE index settling at 2597.80 points and total market capitalization reaching NPR 4,463.55 billion. This indicates a dynamic equity market, albeit one that can be influenced by broader economic sentiments. Notably, the report also highlighted a strong performance in the hydropower sector during the fourth quarter of the last fiscal year. The net profit of hydropower companies increased by an average of over 471 percent. Out of 111 hydropower companies whose financial statements were reviewed, 91 reported net profits, while 20 continued to operate at a loss. This surge in profitability for a significant portion of the hydropower sector could be a key area of interest for investors, despite the recent challenges posed by natural disasters. In conclusion, Nepal's economy presents a complex picture of robust external sector performance, driven by strong remittances and foreign exchange reserves, juxtaposed with slower domestic production growth and a widening trade deficit. While inflation remains under control and the hydropower sector shows impressive profitability, the overall economic growth rate suggests a need for continued policy focus on enhancing productive capacity and fiscal management. Investors should weigh these factors carefully when assessing opportunities in the Nepalese market.
Devastating Floods Wreak Havoc on Nepal's Hydropower Sector: IPPAN Appeals for Urgent Rescue, Relief, and Reconstruction
The Independent Power Producers' Association, Nepal (IPPAN), has issued a grave statement detailing the "irreparable damage" inflicted upon the nation's vital hydropower sector by the recent catastrophic floods in the Bhotekoshi and Trishuli river basins. The sudden deluge, which struck on Wednesday, has severely impacted numerous hydropower projects, human settlements, and critical infrastructure across districts including Rasuwa, Nuwakot, and Dhading, prompting a deep expression of sorrow from the association. Preliminary assessments released by IPPAN paint a stark picture of the devastation. At least 14 major hydropower projects, encompassing both operational facilities and those under construction, have sustained significant damage. Specifically, in Rasuwa district, five operational projects with a combined capacity of 236 megawatts (MW) and three under-construction projects totaling 342.42 MW have been affected. Similarly, Nuwakot district has seen four operational projects (123 MW) and two under-construction projects (52.6 MW) impacted. In total, the floods have compromised over 750 MW of generation capacity, a substantial blow to Nepal's energy landscape. Beyond direct structural damage, the floods have also severed critical connections. The Upper Trishuli-3 'B' Hub Substation, a pivotal component of the national grid, has been severely damaged. This disruption has isolated numerous other hydropower projects, even those physically intact, from transmitting power to the national transmission system. Initial reports indicate widespread destruction, with project dams, powerhouses, crucial access roads, and transmission line towers either swept away or severely damaged by the raging waters. The sheer scale of this infrastructure damage underscores the immense challenge ahead for restoration and recovery. In response to this unfolding crisis, IPPAN has made an urgent appeal to the government, the Nepali Army, Nepal Police, and the Armed Police Force to prioritize the immediate search and rescue operations for workers, staff, and technical personnel stranded in the flood-affected zones. The association has also called upon private sector energy entrepreneurs to mobilize their resources, manpower, and equipment to contribute actively to the ongoing relief efforts, emphasizing a collective responsibility in this time of national emergency. Looking beyond immediate relief, IPPAN has urged the government to declare the reconstruction of damaged hydropower projects a national priority. The association has called for swift and comprehensive damage assessments to facilitate the rebuilding process. Furthermore, IPPAN has appealed to the Ministry of Energy, Nepal Electricity Authority (NEA), and the Electricity Development Department to provide crucial policy facilitation, financial assistance, and technical support for the reconstruction of the devastated infrastructure. A key request includes streamlining the insurance claims process, which is often a complex and lengthy procedure, to ensure that affected projects can access necessary funds for recovery without undue delay. The long-term implications of this disaster for Nepal's energy security and economic development are profound. Hydropower is the backbone of the nation's energy supply, and such extensive damage threatens to create power shortages, impact industrial output, and strain the national economy. The incident also highlights the critical need for more resilient infrastructure planning and robust disaster preparedness mechanisms in a country highly susceptible to natural calamities. IPPAN has extended a heartfelt appeal to all private sector umbrella organizations, banks, financial institutions, construction businesses, and other commercial establishments to lend their support for the rehabilitation of affected citizens and projects. The association has also pledged to undertake a detailed collection and documentation of the flood-induced damages, which will be crucial for future planning and risk mitigation strategies. In a somber note, IPPAN concluded its statement by offering heartfelt condolences to the families of those who lost their lives in the floods, expressing hope for the swift and safe rescue of the missing, and wishing a speedy recovery for the injured. This disaster serves as a stark reminder of the vulnerabilities faced by critical infrastructure and the imperative for concerted national efforts to rebuild stronger and more sustainably.
Nepal's Foreign Exchange Reserves Soar, Bolstering Economic Stability and Import Capacity
Nepal's economy has received a significant boost with a remarkable surge in its foreign exchange reserves, signaling enhanced external sector stability and robust import capacity. According to the latest annual statistics released by Nepal Rastra Bank (NRB), the nation's central bank, total foreign exchange reserves climbed to an impressive NPR 389.76 billion by mid-July of the current fiscal year (likely FY 2080/81 or 2081/82, as 2082/83 would be a future date). This represents a substantial 45.6% increase compared to NPR 267.76 billion recorded during the same period in the previous fiscal year. The growth is equally compelling when viewed in terms of US dollars. The reserves, which stood at USD 19.50 billion in the prior year, have now expanded by 29.8% to reach USD 25.31 billion. This upward trajectory in foreign currency holdings is a critical indicator of a nation's economic health, providing a buffer against external shocks, supporting import payments, and maintaining confidence in the domestic currency. For investors, a strong reserve position translates into reduced currency risk and a more stable operating environment, fostering a conducive climate for investment and economic growth. A closer look at the composition of these reserves reveals that the Nepal Rastra Bank holds the lion's share, accounting for NPR 347.31 billion, while other banks and financial institutions collectively hold NPR 42.44 billion. Notably, Indian currency constitutes 22.3% of the total reserves, reflecting the significant trade and economic ties between Nepal and India. The robust growth in reserves is often attributed to a combination of factors, including strong remittance inflows from Nepalis working abroad, a favorable balance of payments, and prudent monetary policies implemented by the central bank. While the raw article doesn't explicitly detail the drivers, remittances have historically been a cornerstone of Nepal's external sector strength, consistently contributing to the nation's foreign currency coffers. The current level of foreign exchange reserves is particularly reassuring for Nepal's import-dependent economy. The central bank's analysis indicates that these reserves are now sufficient to cover 23 months of goods imports and over 19 months of goods and services imports. This extended import coverage provides substantial breathing room, mitigating concerns about potential supply chain disruptions and ensuring the availability of essential commodities and industrial inputs. Such a healthy import coverage ratio is a key metric for assessing a country's external vulnerability and its ability to sustain economic activity without facing balance of payments crises, thereby enhancing investor confidence in the nation's economic resilience. Beyond the impressive foreign exchange figures, the broader economic landscape also presents encouraging signs, particularly within the crucial hydropower sector. As of the fourth quarter of the last fiscal year, hydropower companies have demonstrated remarkable financial resilience and growth. The net profit of these companies surged by an average of over 471%. Out of a total of 111 hydropower companies whose financial statements were reviewed, 91 reported net profits, while only 20 continued to operate at a loss. This strong performance in the hydropower sector, a cornerstone of Nepal's energy independence and export potential, further underscores the positive momentum in the national economy. It suggests that despite various challenges, key sectors are thriving, contributing significantly to overall economic stability and offering attractive prospects for investors. This dual strength in both external reserves and critical domestic industries paints a promising picture for Nepal's economic outlook, fostering investor confidence and laying a solid foundation for sustainable growth.
NMB 50 Mutual Fund Delisted from NEPSE as 7-Year Tenure Concludes, Paving Way for Investor Payouts
The Nepal Stock Exchange (NEPSE) is set to witness the delisting of NMB 50 (NMB50), a prominent closed-end mutual fund, as it approaches the culmination of its seven-year tenure. This significant event, scheduled for the 12th of Bhadra, 2083, marks the maturity of the fund and initiates the process of returning investments to its dedicated unit holders. NMB Capital Limited, the diligent fund manager, with NMB Bank Limited serving as the esteemed fund sponsor, officially issued the delisting notice on the 10th of Bhadra, 2083, signaling the commencement of the fund's winding-up procedures. Launched with a substantial corpus of Rs. 1.25 Arba, NMB 50 has been a notable player in Nepal's burgeoning mutual fund landscape. Over its seven-year operational period, the fund has consistently demonstrated its commitment to investor returns, a testament to its robust management strategies. A key highlight of NMB 50's journey has been its unbroken record of providing dividends to its investors throughout its entire seven fiscal years. This consistent performance underscores the fund's ability to navigate market fluctuations and generate value for its unit holders, making it a reliable investment vehicle for many. The latest reported Net Asset Value (NAV) for NMB 50 stood at Rs. 10.45 as of Ashad, providing a snapshot of its underlying value prior to the final liquidation process. For investors, the maturity of a closed-end mutual fund like NMB 50 signifies a structured and transparent process of capital return. Unlike open-ended funds, which allow continuous subscriptions and redemptions, closed-end funds operate for a fixed tenure. Upon reaching this maturity date, the fund ceases its active investment operations. The delisting from NEPSE means that the trading of NMB 50 units on the secondary market will be suspended, effectively ending public transactions. This is a standard procedure to facilitate the orderly liquidation of the fund's assets. Following the delisting, NMB Capital Limited will embark on the crucial phase of liquidating the fund's entire investment portfolio. This involves systematically selling off all assets held by NMB 50, which typically include a diverse range of listed shares, corporate debentures, and potentially non-listed equity holdings. The proceeds generated from these sales will then be meticulously calculated and proportionally distributed to all unit holders. This distribution will be based on the number of units each investor holds, ensuring a fair and equitable return of their original investment along with any accumulated gains, minus applicable fees and expenses. The final payout will reflect the true market value of the fund's assets at the time of liquidation. The maturity of NMB 50 serves as an important reminder of the lifecycle of investment products in the Nepalese capital market. For existing unit holders, this event marks the realization of their investment, offering an opportunity to reinvest the proceeds into new avenues or utilize them as per their financial goals. For the broader market, such maturities contribute to the ongoing evolution and dynamism of the mutual fund sector. It highlights the importance of understanding fund mandates, tenures, and the processes involved in their winding up. NMB Capital's successful management of NMB 50, evidenced by its consistent dividend payouts, reinforces confidence in professionally managed investment schemes in Nepal. As the market continues to mature, the transparent and efficient handling of fund maturities becomes paramount for maintaining investor trust and encouraging participation in collective investment schemes. The delisting and impending maturity of NMB 50 represent a natural progression in the life cycle of a successful closed-end mutual fund. It underscores NMB Capital's commitment to delivering on its mandate and providing value to its investors over its seven-year journey. As unit holders prepare to receive their final distributions, this event also provides valuable insights into the operational mechanics of mutual funds in Nepal, reinforcing the importance of informed investment decisions and the robust regulatory framework governing the capital market.
High Alert Issued Along Bhotekoshi, Trishuli, and Narayani Rivers
Nepal’s National Disaster Risk Reduction and Management Authority (NDRRMA) has issued an urgent high alert notice following a large flood entering the Bhotekoshi River in Rasuwa from Tibet. Authorities have asked residents living near the banks of the Bhotekoshi, Trishuli, and Narayani rivers to remain highly cautious until further notice. Families living along riverbank areas in Rasuwa, Dhading, Nuwakot, Gorkha, Chitwan, and Tanahun districts are advised to move to safer locations immediately. For search, rescue, or emergency support, the authority has asked people to call the toll-free numbers 100, 1234, or 1114. To ensure public safety, local administrations and local governments have been urged to restrict travel and completely halt traffic along the Prithvi Highway, the Galchhi – Nuwakot – Rasuwa - Syabrubesi road, and the Muglin - Narayangadh road. The authority has also appealed to all related agencies and citizens to support and coordinate search, rescue, and relief operations.
Higer Unveils V-Series Premium Electric Coach at NADA Auto Show
Higer Bus Company Limited's authorized dealer, Shashila Motors Pvt. Ltd., unveiled the Higer V-Series Premium Electric Coach on the first day of NADA Auto Show. The 31-seater EV coach features a 216 kWh BYD Blade Battery and 275 kW motor, offering a range of up to 350 km per charge. The battery comes with a 10-year or 1 million km warranty the longest on any commercial vehicle imported into Nepal, the company said. Built for comfort and safety, the coach includes double air suspension, front and rear disc brakes, ABS, EBD, an auto-adjustable driver's seat, and CCTV and GPS systems in line with upcoming government mandates. Higer buses have operated in Nepal for 18 years and remain popular among travel and tour operators.
Nepal's Remittance Inflow Soars to Record NPR 2.36 Trillion, Bolstering National Economy
Nepal's economy has received a significant boost with a record-breaking surge in remittance inflows, reaching an unprecedented NPR 2.36 trillion (approximately USD 16.19 billion) in the fiscal year 2082/83 (mid-July 2025 to mid-July 2026). This remarkable achievement, as reported by Nepal Rastra Bank (NRB), represents a substantial 37.1% increase compared to the previous fiscal year, which itself saw a robust 19.2% growth. The consistent upward trajectory of remittances underscores its pivotal role in strengthening the nation's external sector indicators and overall economic resilience. In dollar terms, the inflow expanded by an impressive 28.1% to USD 16.19 billion during the review period, a significant acceleration from the 16.3% growth recorded in the preceding year. This robust performance in both local and foreign currency terms highlights the increasing financial contributions from Nepalis working abroad, providing critical foreign exchange reserves and supporting the country's balance of payments. The final month of FY 2083 Ashar (mid-July 2026) alone witnessed a substantial remittance inflow of NPR 242.33 billion, a notable increase from NPR 189.11 billion in the same month of the previous year, indicating sustained momentum. For an import-dependent economy like Nepal, these escalating remittance figures are a cornerstone of economic stability. They directly impact household consumption, poverty reduction, and investment capacity. These inflows are crucial for financing trade deficits and maintaining a healthy foreign exchange reserve position, which in turn helps stabilize the Nepali Rupee against major currencies. The record net transfers, which reached NPR 2,581.53 billion in the review year, up from NPR 1,874.30 billion previously, further illustrate the substantial financial resources flowing into the country, contributing to national savings and potential capital formation. Interestingly, the data on labor permits presents a nuanced picture. While remittance inflows have surged, the number of Nepalis taking final labor permits (institutional and individual – new) for foreign employment decreased to 406,519 in FY 2082/83, down from 505,957 in the previous year. Similarly, re-permits also saw a slight decline, from 333,309 to 308,783. This divergence suggests several possibilities: existing migrant workers might be earning higher wages, a greater proportion of skilled workers might be migrating, or workers are staying abroad for longer durations, leading to fewer new departures but sustained or increased earnings per individual. This trend warrants further analysis to understand the evolving dynamics of Nepal's labor migration and its long-term implications for the domestic labor market. Beyond remittances, the financial health of Nepal's hydropower sector has also shown promising signs. The fourth quarter of the last fiscal year saw an average net profit increase of over 471% for hydropower companies. Out of 111 hydropower companies whose financial statements were reviewed, 91 reported net profits, while 20 continue to operate at a loss. This strong performance in the hydropower sector, a key area for domestic investment and energy security, provides additional positive momentum for the national economy. While recent floods have posed challenges to some projects, the overall profitability trend indicates a resilient and growing sector, attracting investor confidence and contributing to the country's energy independence goals. In conclusion, the record remittance inflow, coupled with the robust performance of the hydropower sector, paints a largely positive picture for Nepal's economic outlook. These indicators are vital for sustaining growth, managing external sector vulnerabilities, and fostering an environment conducive to investment. The government and financial institutions will likely continue to monitor these trends closely, leveraging the benefits of increased remittances while also addressing the underlying factors influencing labor migration patterns to ensure sustainable economic development.
384 Travellers Reported Missing Following Bhote Koshi Flash Flood in Rasuwa
A total of 384 travellers, including 291 foreign nationals and 93 Nepali nationals, have been preliminarily reported missing following a sudden flash flood in the Bhote Koshi River in Rasuwa on Wednesday morning. According to Situation Update-2 issued by the Nepal Tourism Board (NTB) on August 26, the flash flood occurred at around 8:30 a.m., affecting areas along the Bhote Koshi River and raising concerns over the safety of tourists and travellers in the region. The NTB, in coordination with the Tourist Police and tourism stakeholders, is working to verify the whereabouts and safety of those reported missing. The preliminary figures were collected from tourism and travel companies operating in the affected areas. The details are as follows: The Tourism Board stressed that the figures are preliminary and subject to verification. Authorities are cross-checking the information with travel agencies, trekking guides, local authorities and security agencies. Authorities are working to establish contact with the travellers and determine their current safety status. Disrupted communication networks and difficult conditions in the affected areas have made it challenging to immediately verify the whereabouts of all those listed. The NTB and Tourist Police have urged travel agencies, guides, tour operators and local authorities to maintain close coordination with security agencies as search, rescue and verification efforts continue. The Nepal Tourism Board has urged tourists and travellers requiring assistance to contact the following emergency services:Toll-Free Emergency Number: 1234Hotline: 1144Tourist Police: 9851289445 People with information about affected travellers have also been urged to immediately contact the nearest police or security authority, local administration, travel agency, guide or tour operator. The Tourism Board has appealed to tourists and travellers to remain calm, stay updated through official channels and follow safety instructions issued by the authorities. The situation remains under assessment as search, rescue and verification operations continue in the flood-affected areas of Rasuwa.
NEPSE Sheds 35.92 Points as Flood Damage Raises Uncertainty in Hydropower Sector
The Nepal Stock Exchange (NEPSE) recorded a double -digit loss today, losing by 35.92 points (1.38%) to close at 2,558.35. This follows a 5.30 point loss in the previous trading session. . Hydropower stocks remained under pressure following recent flood-related damage, adding to the broader market decline. The Hydropower Index fell by 104.33 points (2.84%) to close at 3,561.28. Of the hydropower companies traded, 101 declined, while only 10 advanced and none remained unchanged, indicating broad-based selling pressure across the sector. The benchmark index opened at 2,591.33 and fluctuated between an intraday high of 2,592.12 and a low of 2,546.94 before settling at the close. Total turnover for the day amounted to Rs. 4.77 Arba, with 13,582,320 shares traded across 348 companies through 61,442 transactions. The total market capitalization stood at Rs. 44 Kharba, with a float market capitalization of Rs. 14.83 Kharba. Chilime Hydropower Company Limited (CHCL) topped the turnover chart, recording transactions worth Rs. 20.56 crores. The company’s stock closed at Rs. 427.00. Sarvottam Paints Industries Limited (SAPIL) hit the upper circuit with a 15.00% gain. The stock closed at Rs. 1,212.90. Meanwhile, Rasuwagadhi Hydropower Company Limited (RHPL) recorded the Highest fall, falling by 15.00%. The last traded price of the company was Rs. 205.20. Among sectors, Non-Life Insurance recorded the highest loss, losing by 3.90%, while the Trading Index recorded the least loss, down 0.04%.
Disaster Authority Urges Stranded Flood Victims to Signal Rescue Teams Using Smoke
The National Disaster Risk Reduction and Management Authority (NDRRMA) has urged people stranded in flood-affected areas and awaiting rescue to use smoke from fires as a signal to draw the attention of search and rescue teams. The authority said search and rescue operations have been intensified after flooding in the Bhote Koshi River in Rasuwa affected several districts, including Rasuwa, Nuwakot, Dhading and Chitwan. The NDRRMA has also made a special request to organizations operating helicopters and drones to support search and rescue efforts in the affected areas. It has urged the Helicopter Association of Nepal, Drone Association Nepal and other organizations associated with helicopter and drone operations to coordinate with the respective District Administration Offices, security agencies and local governments before assisting. The authority said aerial resources could play an important role in locating people stranded in remote and difficult-to-access areas. The NDRRMA has appealed to residents in flood-affected areas to move to safer locations, remain alert to potential risks and coordinate with rescue teams. Shanti Mahat, Under Secretary and spokesperson for the NDRRMA, confirmed that search and rescue operations are continuing in the flood-affected districts. The authority has urged people awaiting rescue to remain visible and use safe signaling methods, including smoke, to help rescue teams identify their locations.
Government Mobilizes Comprehensive Relief for Bhotekoshi Flood Victims, Pledges Free Treatment and Infrastructure Restoration
The Nepali government has swiftly responded to the devastating Bhotekoshi floods, announcing a comprehensive package of relief measures aimed at assisting victims and restoring normalcy in the affected regions. This decisive action underscores the government's commitment to public welfare and disaster management, a critical factor for maintaining stability and investor confidence in the face of natural calamities. In a significant move, the Cabinet, following a meeting on Wednesday, has decided to provide free medical treatment to all individuals injured in the Bhotekoshi flood. Government spokesperson and Education Minister Sasmita Pokhrel conveyed this crucial decision to the media, highlighting the immediate priority placed on humanitarian aid. To ensure the effective implementation of this directive, the Ministry of Health, in collaboration with the Nepal Army and various government hospitals, has been instructed to make all necessary arrangements for the prompt and free medical care of the flood-affected. This proactive approach aims to alleviate immediate suffering and prevent further health complications among the injured, demonstrating a robust public health response. Beyond medical assistance, the government's response extends to robust search and rescue operations and rehabilitation efforts. The Ministry of Home Affairs has been tasked with the immediate rescue of injured and stranded individuals, ensuring their swift relocation to safer areas. Recognizing the urgency of the situation, both the Nepal Army and private-sector helicopters are being mobilized to accelerate these critical rescue missions. Furthermore, the Home Minister has been explicitly instructed to deploy all available resources, including aerial support, to enhance the efficiency and reach of search and rescue efforts, demonstrating a concerted national effort to mitigate the human cost of the disaster. Addressing the plight of those who have lost their homes, the Cabinet has mandated the Ministry of Home Affairs, the National Disaster Risk Reduction and Management Authority (NDRRMA), and relevant local disaster management committees to coordinate arrangements for housing and support. This multi-agency approach is designed to provide immediate shelter and long-term rehabilitation strategies for displaced families, ensuring that no victim is left without essential support. Such measures are vital not only for humanitarian reasons but also for preventing socio-economic disruption that could have broader implications for regional stability and recovery. The flood's impact on essential infrastructure has also been a key focus of the government's response. Concerned ministries have received directives to prioritize the restoration of vital services, including roads and drinking water supplies, which are often severely disrupted during such events. The Ministry of Energy and the Nepal Electricity Authority (NEA) are specifically tasked with working diligently to restore electricity supply in the affected areas. The rapid restoration of these fundamental services is paramount for enabling recovery, facilitating aid distribution, and allowing economic activities to gradually resume. For investors, the government's capacity to quickly restore infrastructure is a positive indicator of resilience and operational continuity, minimizing potential long-term economic setbacks. Finally, in a gesture of solidarity and support for the bereaved, the government has also decided to provide compensation, in accordance with existing laws, to the families of those who tragically lost their lives in the disaster. This financial assistance aims to offer some relief to families grappling with immense loss, reflecting the government's holistic approach to disaster management that encompasses immediate relief, rehabilitation, and long-term support. This comprehensive and coordinated response by the Nepali government to the Bhotekoshi floods highlights a robust framework for disaster management. By addressing immediate humanitarian needs, ensuring infrastructure restoration, and providing financial support, the government aims to minimize the long-term economic and social repercussions of the calamity, thereby reinforcing stability and confidence in the nation's ability to overcome significant challenges.
Langtang Hydropower Project: Over 25 Workers Trapped in Tunnel Amid Rasuwa Floods, Rescue Efforts Hampered
The Langtang Hydropower Project, a crucial 20-megawatt (MW) initiative currently under construction in Nepal's Rasuwa district, is facing a severe crisis as more than 25 workers are reported to be trapped within one of its tunnels. This alarming incident, believed to be a direct consequence of recent devastating floods and landslides in the region, has triggered urgent rescue efforts that are unfortunately being hampered by significant logistical and environmental challenges. According to Vijaymohan Bhattarai, the Managing Director of the Langtang Hydropower Project and Secretary of the Independent Power Producers' Association, Nepal (IPPAN), the workers became trapped while performing their duties in a tunnel located approximately 100 meters above the river level. The precise condition of these individuals remains unknown, as all mobile communication with them has been severed since the incident. This communication blackout, coupled with the remote and rugged terrain of Rasuwa, has created a formidable barrier to assessing the situation accurately and initiating effective rescue operations. A critical impediment to the immediate rescue is the severe shortage of helicopters. Managing Director Bhattarai confirmed that despite extensive efforts to secure aerial support for a swift extraction, no helicopters have been made available. This lack of essential equipment underscores the broader challenges faced by infrastructure projects in remote areas of Nepal, particularly during natural calamities. The project typically employs around 60 workers. While initial reports indicate that staff working in the dam area are safe, the fate of the 25 individuals in the tunnel, along with several other workers whose whereabouts are yet to be confirmed, remains a grave concern. The project management is actively working to ascertain the status of all personnel, but the combination of geographical isolation and communication breakdown continues to complicate these vital efforts. For investors in Nepal's burgeoning hydropower sector, this incident serves as a stark reminder of the inherent risks associated with developing projects in geologically active and flood-prone regions. While the long-term prospects of hydropower remain strong, given Nepal's vast water resources and growing energy demand, such events can significantly impact project timelines, escalate construction costs, and potentially affect future revenue streams. Delays caused by natural disasters not only lead to financial overruns but can also erode investor confidence, prompting closer scrutiny of risk assessment and mitigation strategies employed by project developers. This tragedy highlights the critical need for robust safety protocols, comprehensive emergency response plans, and adequate logistical support mechanisms within the hydropower industry. The human cost of such incidents is immeasurable, but it also translates into tangible financial and reputational risks for the companies involved. Investors will be closely watching how the Langtang Hydropower Project and the broader regulatory bodies respond to this crisis, as it could set precedents for future project development and risk management practices in the sector. Ensuring worker safety and having resilient infrastructure are paramount not only for ethical reasons but also for the sustainable growth and profitability of hydropower ventures in Nepal. The incident underscores the delicate balance between harnessing natural resources for economic development and safeguarding human lives and investments against the unpredictable forces of nature.
Delta Autocorp Ignites NADA Auto Show 2026 with "Saving Extravaganza" for Vespa and Aprilia Enthusiasts
The NADA Auto Show, a cornerstone event in Nepal's automotive calendar, is once again set to captivate enthusiasts and potential buyers. Among the myriad participants, Delta Autocorp Pvt. Ltd., the esteemed official distributor for the iconic Italian brands Vespa and Aprilia in Nepal, is poised to make a significant impact. At Stall No. TWE-11, Delta Autocorp has unveiled its highly anticipated "The Saving Extravaganza," an exclusive promotional campaign designed to offer unparalleled value to customers during the NADA Auto Show 2026. This "Saving Extravaganza" is a meticulously crafted offer, providing benefits worth up to an impressive Rs 28,500 for customers who choose to purchase or book a Vespa or Aprilia scooter during the exhibition. The comprehensive package includes valuable additions such as branded laptop bags, enhancing the overall appeal for discerning buyers. What makes this offer particularly attractive is its broad applicability, extending across various purchase modalities – be it outright cash payments, convenient finance options, or advantageous exchange programs. This flexibility ensures that a wider spectrum of customers can avail themselves of these substantial savings, making premium Italian two-wheelers more accessible than ever before. Beyond the compelling financial incentives, Delta Autocorp has gone to great lengths to create an immersive brand experience at their NADA Auto Show stall. Drawing inspiration from the quintessential Italian café culture, the stall is designed to transport visitors into a world that embodies the elegance, style, and heritage synonymous with Vespa and Aprilia. This unique thematic approach aims to offer more than just a display of scooters; it promises a holistic lifestyle experience, allowing potential owners to envision themselves as part of the sophisticated Italian motorcycling tradition. Such an environment fosters a deeper connection with the brands, moving beyond mere transactional engagement to an emotional one. The 2026 lineup on display is a testament to both innovation and timeless design. For Aprilia enthusiasts, the showcase includes the sporty Aprilia Storm 125, the performance-oriented SR 160, and the advanced SR 175 hp.e, each embodying Aprilia's racing DNA and commitment to dynamic riding. Vespa aficionados will be delighted by the classic yet contemporary Vespa ZX 125, the elegant Vespa 125, and the stylish Vespa S 125. Adding a fresh touch to these beloved models, the Vespa 125 is now available in a captivating new Lylac color, while the Vespa S 125 introduces an opulent Oro (gold) hue, further enhancing their aesthetic appeal and offering customers more personalized choices. In the competitive landscape of Nepal's two-wheeler market, strategic promotions like "The Saving Extravaganza" are crucial for market penetration and brand loyalty. The NADA Auto Show serves as an unparalleled platform for Delta Autocorp to not only showcase its latest models but also to directly engage with a vast audience of potential buyers. By offering significant savings and an enriched brand experience, Delta Autocorp aims to solidify its position as a leading distributor of premium scooters, driving sales volumes and expanding its market share. This initiative underscores the company's commitment to providing value-driven propositions while maintaining the aspirational quality of its Italian marques. For investors, such proactive marketing strategies signal a robust approach to business development and a keen understanding of consumer dynamics in the Nepali market, potentially translating into sustained growth and profitability for the company. The event is not just a sales drive but a strategic move to reinforce brand presence and foster long-term customer relationships.
Nepal's Hydropower Sector: Resilience Tested by Rasuwa Floods, Bolstered by Stellar Q4 Earnings Growth
Nepal's burgeoning hydropower sector finds itself at a critical juncture, grappling with the immediate challenges posed by recent devastating floods in Rasuwa while simultaneously celebrating an impressive financial performance from the last fiscal year. This dual narrative presents a complex picture for investors, highlighting both the inherent risks and the robust potential of the nation's energy market. The immediate focus remains on the humanitarian crisis unfolding in Rasuwa, where torrential floods have necessitated urgent rescue operations. The Nepali Army has been at the forefront of these efforts, successfully rescuing seven individuals from the severely affected Timure and Syaphrubesi areas. Due to the treacherous conditions preventing helicopter landings, these rescues were executed via basket, underscoring the extreme difficulties faced by emergency responders. Currently, four Nepali Army helicopters are actively deployed across Timure, Syaphrubesi, Melung, and Trishuli, with a dedicated medical team of 20 personnel from the Nepali Army Hospital, Chhauni, providing crucial support in Trishuli. While the immediate concern is human safety, such widespread natural disasters inevitably raise questions about the resilience and operational continuity of critical infrastructure, particularly hydropower projects located within these vulnerable regions. Contrasting with this immediate crisis, the broader financial health of Nepal's hydropower sector has shown remarkable strength. According to an analysis of financial statements from 111 hydropower companies for the fourth quarter of the last fiscal year, the sector recorded an average net profit growth exceeding an astounding 471%. This significant surge in profitability underscores a period of robust expansion and improved operational efficiency for many players in the industry. The data further reveals that out of the 111 companies evaluated, 91 successfully reported net profits, signaling a healthy and maturing segment of the Nepalese economy. This impressive financial performance can be attributed to several factors. The increasing demand for electricity across Nepal, coupled with the commissioning of new projects and potentially more favorable power purchase agreements, has likely contributed to higher revenue generation. Furthermore, enhanced operational efficiencies and better management of existing assets could also play a role in boosting the bottom line. For investors, such growth figures are a strong indicator of the sector's potential, reflecting the nation's commitment to harnessing its vast hydroelectric resources and reducing its reliance on imported energy. However, the current flood situation serves as a stark reminder of the inherent risks associated with investing in a sector heavily dependent on natural resources and geographical stability. While 91 companies posted profits, the fact that 20 companies still reported losses highlights the varying degrees of success and the challenges that persist within the sector, including project delays, cost overruns, and operational hurdles. The recent floods could potentially impact project timelines, damage existing infrastructure, and disrupt power generation for affected companies, thereby influencing future earnings and investor sentiment. Investors are increasingly looking for companies with robust risk management strategies and resilient infrastructure capable of withstanding such environmental adversities. In conclusion, Nepal's hydropower sector presents a compelling yet complex investment landscape. The stellar financial performance in the last fiscal year demonstrates a sector with significant growth potential and a strong contribution to the national economy. However, the ongoing challenges posed by natural disasters like the Rasuwa floods underscore the critical need for comprehensive risk assessment and sustainable development practices. For discerning investors, understanding this dual reality—the impressive financial resilience against the backdrop of environmental vulnerabilities—will be key to navigating the opportunities and challenges within Nepal's dynamic energy market.
Exploring the Economic Philosophy of the Quran: Principles for Ethical Finance and Social Justice
The recent observance of the 1501st birth anniversary of Prophet Muhammad (PBUH) provides a timely opportunity to delve into the profound economic philosophy embedded within the Quran. Often viewed through a purely religious lens, the Quran offers a comprehensive framework for economic activity, encompassing principles of trade, wealth management, debt, and social justice that hold significant relevance for contemporary financial markets and ethical investing. This exploration goes beyond theological discourse, offering insights into an economic model that prioritizes fairness, transparency, and societal well-being. At its core, Islamic economic thought, as derived from the Quran, does not prohibit wealth accumulation or trade. Instead, it encourages individuals to seek their legitimate share in this world while never forgetting their ultimate purpose and social responsibilities. As stated in Surah Al-Qasas 28:77, “But seek, through that which Allah has given you, the home of the Hereafter; and [yet], do not forget your share of the world. And do good as Allah has done good to you. And desire not corruption in the land. Indeed, Allah does not like corrupters.” This verse encapsulates a crucial economic principle: wealth can be earned, trade can flourish, and economic prosperity can be pursued, but the sources and uses of this wealth must be just and ethical. This underpins the concept of 'Halal (lawful) earnings' in Islamic economic thinking, emphasizing that the means of acquiring wealth are as important as the wealth itself. One of the most widely discussed aspects of Quranic economic teachings is the prohibition of 'Riba,' commonly understood as interest. Surah Al-Baqarah 2:275 explicitly permits trade while forbidding Riba, drawing a clear distinction between profit derived from legitimate commercial activity and predetermined interest on loans. This fundamental principle has led to the development of modern Islamic finance, which structures financial transactions based on risk and profit-loss sharing between capital and enterprise. In this system, financial returns must be linked to real economic activities, tangible assets, sales, rentals, or actual profit-loss sharing, rather than merely charging a fixed return on borrowed money. The question, therefore, is not just “what is the interest rate?” but rather, “how closely is capital connected to real production and business ventures?” Transparency and accountability are also paramount in Quranic economic ethics. The longest verse in the Quran, Surah Al-Baqarah 2:282, specifically addresses financial transactions, instructing believers to record debt transactions for a specified term in writing, to write them justly, and for all parties to maintain clear records. This highlights that in the Quran's economic philosophy, faith alone is insufficient; documentation and transparency are essential for all dealings. Furthermore, the Quran advocates for compassion towards debtors. Surah Al-Baqarah 2:280 states that if a debtor is in difficulty, they should be granted an extension until they can repay, and it is even better to forgive the debt as an act of charity. This ethical consideration suggests that in cases of business failure, crop destruction, or natural disasters, simply imposing penalties and increasing pressure is less desirable than assessing the debtor's actual capacity to pay. Honesty and integrity in the marketplace are strongly emphasized. The Quran issues stern warnings against fraudulent practices, such as those who take full measure when buying but give less when selling (Surah Al-Mutaffifin 83:1-3). It also commands fair weights and measures (Surah Al-Isra 17:35). The principle extends to acquiring wealth justly; Surah An-Nisa 4:29 prohibits people from consuming each other's property unjustly, permitting only legitimate trade by mutual consent. This means that coercion, fraud, deception, exploitation, or any unjust means of acquiring another person's property are deemed illegitimate economic activities. A cornerstone of the Quran's economic philosophy is 'Zakat,' an obligatory charitable contribution and a mechanism for social redistribution of wealth. Surah At-Tawbah 9:60 specifies the categories of recipients for Zakat, including the poor, the needy, those administering Zakat, those whose hearts are to be reconciled, those in bondage, the debt-ridden, those in the cause of Allah, and the wayfarer. This underscores a critical point: wealth is not merely for individual consumption but carries significant social responsibility. While Zakat addresses poverty through direct aid, modern Islamic finance also emphasizes economic participation through risk-sharing investments. Instead of investors acting solely as lenders seeking fixed returns, Islamic finance utilizes structures like Mudarabah (profit-sharing) and Musharakah (joint venture/partnership) where investors share in the risks and rewards of a business. This approach aims to solve poverty not just through charity but by fostering economic inclusion and enterprise. The Quran also cautions against the mere accumulation of wealth without social consciousness, citing the story of Qarun as an example of extreme wealth leading to arrogance and a misguided social outlook. This narrative, coupled with the directive in Surah Al-Qasas 28:77 to not forget one's share in the world, to do good, and to avoid corruption, reinforces that true economic success is not solely measured by material possessions but by their ethical acquisition and responsible deployment for societal benefit. A central idea in modern Islamic finance is the shift from “money making money” to “returns from production.” Islamic finance strives to connect financial transactions with real economic activities, share risks, and reduce excessive speculation and uncertainty. Simply put, money itself is not a commodity that produces more money; rather, money should serve as a basis for economic returns when linked to production, trade, or tangible assets. For an agricultural economy like Nepal, these principles can be particularly insightful. In agriculture, farmers invest land, labor, seeds, and time. Other parties might provide capital or market access. If production is successful, both can benefit. But the question arises: how are risks shared in the event of natural disasters or market fluctuations? Islamic finance's emphasis on real economic activity and risk-sharing offers an alternative to traditional debt-based financing for farmers and small enterprises, potentially fostering more resilient and equitable agricultural ventures. In conclusion, while the direct application of Quranic economic philosophy as law in modern economies is a separate discussion, it offers several universal economic ethics. First, **trust in trade**: markets thrive on trust, and fraud, counterfeit products, or dishonest practices erode this trust. Second, **respect for contracts**: debt and business agreements must be written and transparent, as highlighted in Quran 2:282. Third, **social responsibility towards poverty**: the concept of Zakat underscores the social obligations attached to wealth. Fourth, **the link between finance and the real economy**: Islamic finance endeavors to connect financial returns with real assets and economic activities. Fifth, **risk-sharing alongside profit**: the understanding that seeking profit in business inherently involves accepting a share of the risk is a crucial aspect of Islamic finance. These principles offer valuable lessons for fostering a more ethical, stable, and socially responsible financial system globally.
Government Makes Nepal Telecom Voice and Data Services Free in Four Flood-Affected Districts
The government has made voice and data services provided by Nepal Telecom free of charge in four flood-affected districts to facilitate rescue, relief and coordination efforts. The Ministry of Finance said the measure was introduced to ensure easier communication among authorities, security personnel, rescue teams and affected communities during the ongoing disaster. The government has also made arrangements allowing private helicopters deployed for relief, search and rescue operations in the affected areas to operate without obtaining prior permission. According to the Ministry of Finance, the measures have been introduced to expedite rescue and relief operations and improve coordination in the flood-affected areas.