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IPO

IPPAN Urges Hydropower Developers to Maintain Face Value for Local Shares Amidst IPO Delays

The Independent Power Producers' Association, Nepal (IPPAN) has issued a strong appeal to all hydropower promoter companies, urging them to uphold the existing legal mandate of issuing shares to project-affected local communities at their face value of Rs. 100 per share. This directive comes amidst growing concerns within the sector regarding potential deviations from this established practice, primarily driven by prolonged delays in the initial public offering (IPO) approval process for several hydropower projects. In a recent statement, IPPAN articulated its serious apprehension over discussions among some developers about pricing local shares at a premium. This consideration, according to IPPAN President Mohan Kumar Dangi, stems directly from the significant and often frustrating delays encountered in securing regulatory approvals for IPOs. While acknowledging the challenges faced by companies due to these holdups, the association firmly emphasized that any move to issue local shares above face value would fundamentally contradict the spirit and letter of Nepal's existing legal framework, thereby undermining the core objectives behind the allocation of shares to local stakeholders. The Securities Registration and Issue Regulations, 2073 (2017), explicitly mandate hydropower companies to allocate 10 percent of their total issued shares to communities directly impacted by their projects. IPPAN's call to its member companies is a clear reaffirmation of this commitment, stressing the importance of maintaining the Rs. 100 face value for these specific allocations. The association underscored that hydropower development transcends mere financial investment; it represents a long-term developmental partnership built on mutual trust, cooperation, and a shared sense of ownership with local communities. IPPAN highlighted that the provision for allocating shares to local residents was strategically introduced to acknowledge the invaluable contributions and sacrifices made by these communities. These include providing essential land for project construction, enduring environmental and social impacts, coping with construction-related inconveniences, and offering crucial support for the successful implementation and operation of hydropower projects. By offering shares at face value, local communities are empowered to become genuine stakeholders, fostering a deeper sense of ownership and significantly mitigating potential social disputes and project-related obstacles throughout the construction and operational phases. This approach, IPPAN believes, cultivates stronger local cooperation, facilitates timely project completion, and generates long-term economic benefits for residents through enhanced financial participation, localized development, and social harmony. The association issued a stern warning that issuing local shares at a premium price would inevitably restrict the participation of affected communities, dilute their sense of ownership, and potentially erode the trust painstakingly built over years between project developers and local residents. Such a move could jeopardize the delicate balance required for sustainable hydropower development in Nepal. Furthermore, IPPAN urged the Government of Nepal, relevant regulatory authorities, and all hydropower developers to prioritize the interests of project-affected communities. It called for ensuring the long-term sustainability of hydropower projects and preserving the healthy relationship between the private sector and local communities by steadfastly maintaining the policy of issuing local shares at the face value of Rs. 100 per share. The association also appealed to the government and regulatory agencies to streamline, enhance transparency, and expedite the regulatory processes associated with IPO approvals. It pointed out that delays in the share issuance process create substantial challenges for hydropower projects and called for the establishment of a more efficient and time-bound approval mechanism to ensure timely public offerings, which is critical for both project financing and investor confidence.

NepaliShareMarket NewsAug 3, 2026
NSM
Market Update

NEPSE's Weekly Retreat: A Technical Deep Dive into Market Consolidation

The Nepal Stock Exchange (NEPSE) concluded the past trading week with a notable decline, shedding approximately 1.79% or 49.06 points, to close at 2685.54. This dip follows a previous week where the index had closed at 2734.60. Out of the five trading days last week, the market experienced a downturn on four occasions, managing to register gains on only one day. This recent performance has prompted a closer look at the technical indicators to understand the market's current posture and potential future movements. From a technical perspective, the NEPSE index appears to have entered a phase of consolidation following a pullback from its previous week's trendline breakout. This pullback suggests a period of profit-booking from higher levels, as investors took advantage of recent gains. However, the formation of a green candle on the final trading day of the week offers a glimmer of optimism, indicating that buyers remain active at lower price points. This pattern often signals the market's attempt to establish a new 'higher low,' a crucial development for sustaining an upward trend. Looking ahead, several key resistance levels will be critical for NEPSE's trajectory. The 50-day and 100-day moving averages currently stand as significant hurdles. For the market to regain its strength and resume an upward momentum, it must decisively break above the 2706-point mark. Should NEPSE successfully breach this immediate resistance, the next significant challenge lies within the 2800 to 2860 range. Conversely, if the index continues its downward trajectory, strong support is anticipated in the 2550 to 2600 zone, which could act as a floor to prevent further significant declines. An analysis of trading volume provides further insights into market sentiment. The daily trading volume last week remained below the 20-day average volume. This subdued volume during a period of market decline and subsequent attempt at recovery often indicates a reduction in selling pressure. Such a scenario suggests that sellers are becoming less aggressive, and the market might be transitioning into a 'sideways' or 'accumulation' mode. In an accumulation phase, smart money often quietly buys shares, anticipating a future upward movement. Despite the recent dip, broader bullish momentum appears to be intact, as indicated by the Moving Average Convergence Divergence (MACD) indicator. The MACD line continues to trade above the signal line, and both lines, along with the histogram, remain in the positive territory. This configuration typically suggests that the underlying bullish trend, which has been in play, is still holding strong, even amidst short-term corrections or consolidations. Furthermore, the Stochastic Relative Strength Index (RSI) for NEPSE last week was observed in the neutral zone. A neutral Stochastic RSI implies a balance between buying and selling pressure in the market. This equilibrium supports the idea of a consolidation phase, where neither buyers nor sellers are dominating decisively, leading to price stability within a defined range. In conclusion, while NEPSE experienced a retreat last week, a deeper technical analysis reveals a market in a state of consolidation rather than a full-blown reversal. The presence of active buyers at lower levels, coupled with decreasing selling pressure and sustained bullish momentum indicators, suggests that the market might be preparing for its next move. Investors should closely monitor the key resistance and support levels, as a decisive break in either direction could signal the market's next significant trend. As always, investors are advised to conduct their own thorough research and analysis before making any investment decisions, as this analysis is based on available data and technical indicators and is not exhaustive.

NepaliShareMarket NewsAug 3, 2026
NSM
Corporate

Mahuli Laghubitta (MSLB) Reports Over 1000% Profit Surge in Q4, Signaling Robust Dividend Potential

Mahuli Laghubitta Bittiya Sanstha Limited (MSLB) has delivered an exceptional performance in the recently concluded fiscal year, as revealed by its unaudited fourth-quarter financial statements. The microfinance institution has reported a staggering surge in net profit, alongside significant improvements across key financial indicators, painting a highly optimistic picture for investors and stakeholders. This remarkable turnaround underscores MSLB's enhanced operational efficiency and strategic financial management. For the fiscal year ending Ashar (mid-July), MSLB recorded a net profit of NPR 193.2 million. This represents an astounding increase of 1036.46% compared to the NPR 17 million net profit reported in the previous fiscal year. Such a monumental leap in profitability, exceeding a tenfold rise, is a testament to the company's robust growth trajectory and effective cost control measures. This impressive growth is primarily attributed to a substantial increase in net interest income and a prudent approach to managing non-performing loans. The company's core earning capacity, reflected in its net interest income, also witnessed a healthy expansion. It grew from NPR 355.9 million in the prior fiscal year to NPR 497.4 million in the recently concluded period. This significant boost in interest income, coupled with a notable reduction in provisions for bad loans, propelled the operating profit from NPR 22.3 million to an impressive NPR 276.1 million. The ability to generate higher income while simultaneously reducing the financial burden of problematic assets highlights MSLB's improved asset quality and operational effectiveness. Perhaps one of the most exciting aspects for shareholders is the substantial increase in distributable profit. After regulatory adjustments, MSLB's distributable profit reached NPR 165 million by the end of Ashar, a significant jump from NPR 47.7 million in the previous fiscal year. This robust distributable profit translates into an impressive distributable profit per share (DPPS) of NPR 42.58, based on the company's paid-up capital. This strong DPPS figure strongly indicates a high potential for attractive dividends in the upcoming annual general meeting, making MSLB an appealing prospect for income-focused investors. Beyond profitability, MSLB has also demonstrated substantial growth in its overall business scale. The company's paid-up capital stands at NPR 387.4 million, complemented by a total reserve fund (including retained earnings and general reserves) of NPR 495.6 million. This strong capital base provides a solid foundation for future expansion and resilience. The microfinance institution's outreach and financial inclusion efforts are evident in the growth of its deposit and borrowing portfolio, which expanded from NPR 3.74 billion to NPR 5.50 billion. Concurrently, the loans disbursed to its clients increased from NPR 5.11 billion to NPR 6.17 billion, showcasing a broader reach and deeper engagement within its target communities. The overall financial health of MSLB is further underscored by the growth in its total assets, which rose from NPR 5.69 billion to NPR 6.66 billion. This expansion in assets reflects the company's increasing operational footprint and its capacity to serve a larger client base. Moreover, the company has made significant strides in managing its asset quality, with the non-performing loan (NPL) ratio decreasing from 12.16% to a more manageable 9.80%. This reduction in NPLs is a critical indicator of improved credit risk management and a healthier loan portfolio, which directly contributes to sustained profitability. With an impressive earnings per share (EPS) of NPR 49.88, a more than tenfold increase in net profit, and a strong distributable profit per share of NPR 42.58, Mahuli Laghubitta is poised to deliver excellent returns to its shareholders in the coming periods. The combination of aggressive growth, enhanced operational efficiency, and improved asset quality positions MSLB as a compelling investment opportunity within the Nepali microfinance sector. Investors will be keenly watching for the official dividend declaration, which is expected to reflect this stellar financial performance.

NepaliShareMarket NewsAug 3, 2026
NSM
Corporate

Nepal's Employees Provident Fund to Adopt Strict Loan Recovery: Direct Collateral Ownership on the Horizon

The Employees Provident Fund (EPF), a cornerstone of financial security for millions of Nepali employees, is poised to introduce a groundbreaking legal amendment aimed at significantly bolstering its loan recovery mechanisms. This proposed legislation will grant the EPF unprecedented authority, allowing it to directly assume ownership of collateralized assets from defaulting borrowers if public auctions fail to attract buyers. This move marks a pivotal shift towards a more robust and efficient loan recovery system, promising to enhance financial discipline and safeguard the vast sums contributed by its members. Historically, the EPF, like many financial institutions, has grappled with the complexities and delays inherent in loan recovery processes. When borrowers failed to repay their loans, and the collateralized properties were put up for auction, a lack of bidders often led to protracted legal battles and administrative bottlenecks. This prolonged process not only tied up valuable resources but also, in some instances, allowed unscrupulous borrowers to exploit loopholes, delaying repayment indefinitely and undermining the fund's financial health. The proposed legal framework directly addresses this systemic issue, aiming to cut through the red tape and ensure swift resolution. Under the new provisions, once the EPF completes the necessary legal procedures and issues a public auction notice for a defaulting borrower's collateral, should there be no interested buyers even at the minimum stipulated price, the Fund will be empowered to directly transfer the ownership of the property into its name based on a predetermined valuation. This direct acquisition mechanism is designed to eliminate the protracted legal and administrative hassles that have historically plagued the recovery process, ensuring that assets are swiftly brought under the Fund's control. This strategic legislative change is expected to put an end to the tactics employed by borrowers who deliberately delay repayments or attempt to render auction processes ineffective. By gaining direct control over non-performing assets, the EPF will have the flexibility to either utilize these properties for its operational needs or dispose of them at a more opportune time to recover the outstanding loan amounts. This not only streamlines the recovery process but also enhances the Fund's asset management capabilities. The rationale behind this stringent measure is rooted in the fundamental principle of protecting the hard-earned savings of millions of employees and workers deposited with the EPF. Officials within the Fund emphasize that such robust legal authority is indispensable for preventing the misuse of funds and maintaining a near-zero non-performing loan (NPL) ratio. They argue that granting the EPF powers akin to those enjoyed by commercial banks and financial institutions will significantly strengthen its financial health and operational resilience. This parity in legal authority is crucial for a body that manages such a substantial portion of the nation's collective savings. The implementation of this "legal stick" is anticipated to have a profound impact, particularly on large institutional borrowers and individual employees who have been negligent in repaying their loans. It is expected to compel them to settle their outstanding debts promptly, fostering a culture of greater financial accountability. Once this bill is passed by Parliament and enacted into law, it is projected to bring about a revolutionary transformation in the EPF's recovery system, leading to substantial improvements in bad loan collection in the foreseeable future. This move is not just about recovering funds; it's about reinforcing trust, ensuring the long-term sustainability of the provident fund, and setting a precedent for financial discipline across the economy. For investors, a stronger, more efficient EPF signifies greater stability in a key financial pillar of the nation, indirectly contributing to overall market confidence.

NepaliShareMarket NewsAug 3, 2026
NSM
Market Update

NEPSE Mutual Funds Accumulate Billions in Cash: Decoding the Ashar Sell-Off Strategy

As the Nepali fiscal year drew to a close in Ashar (mid-July), a significant trend emerged within the Nepal Stock Exchange (NEPSE): mutual funds aggressively liquidated their equity holdings, accumulating substantial cash reserves. This strategic maneuver has sparked considerable discussion among investors, raising questions about whether it signals an impending market correction or is simply a calculated move to prepare for annual dividend distributions. **The Ashar Liquidation Spree** Data reveals a dramatic increase in the bank deposits of the 61 operational mutual funds in Nepal. By the end of Ashar, their collective bank balance surged by an impressive 40.06%, reaching NPR 1,313.70 crore. This marks a substantial jump from NPR 937.95 crore recorded at the end of Jestha, indicating an inflow of approximately NPR 376 crore in cash within a single month. Such a rapid accumulation of liquidity strongly suggests a large-scale sell-off of shares by these institutional investors. **Driving Forces Behind the Sell-Off** Several factors appear to have influenced this widespread liquidation: 1. **Dividend Distribution Imperative:** The primary driver for the Ashar sell-off is the impending dividend season. Shrawan and Bhadra (mid-July to mid-September) are crucial months for mutual funds to announce and distribute returns to their unit holders. To legally and practically disburse dividends, funds must realize their profits by converting appreciated shareholdings into cash. This process, known as 'profit booking,' requires selling shares to generate the necessary liquidity. Funds strategically offloaded well-performing assets from their portfolios towards the end of Ashar to ensure sufficient cash reserves for their unit holders, thereby fulfilling their annual obligation and maintaining investor confidence. This institutional selling pressure undoubtedly contributed to the overall market sentiment during the period. 2. **Market Uncertainty and Correction Anticipation:** Despite prevailing low bank interest rates, which typically make equity investments more attractive, mutual funds opted to increase their cash holdings. This seemingly counter-intuitive move suggests a cautious outlook among fund managers. There's a strong psychological element at play, with many anticipating a potential market correction following the rally observed in Ashar. The fear of a further market decline, or the strategic intent to re-enter the market at lower valuations, could have prompted funds to temporarily exit positions and hold cash. This 'wait-and-watch' approach allows them to capitalize on future buying opportunities if the market indeed dips. **Who's Holding the Most Cash?** Specific funds demonstrated particularly aggressive cash accumulation. Citizens Super 30 Mutual Fund (C30MF) notably increased its bank deposits by a staggering 679%, reaching NPR 11.07 crore. Similarly, Citizen Sadabahar Yojana (CSBY) boosted its cash reserves by 477%, and NMB 50 (NMB50) by 323%. These figures highlight a concerted effort by these funds to manage their liquidity proactively. Furthermore, NMB Hybrid Fund L-2 stands out with the largest fixed deposit holding of NPR 20.90 crore, underscoring a broader risk management strategy that includes diversifying cash into less volatile instruments. **Impact on Net Asset Value (NAV)** While mutual funds bolstered their cash positions, the average Net Asset Value (NAV) per unit experienced a slight decline. From an average of NPR 10.75 in Jestha, the NAV dropped by NPR 0.28 to NPR 10.45 in Ashar. This reduction can be attributed to the general market downturn during the period, coupled with the taxes and fees incurred from the extensive share selling. Prabhu Smart Fund and Prabhu Select Fund recorded the most significant NAV decreases. However, it's reassuring for investors that the majority of funds still maintain an NAV above the base value of NPR 10, indicating their continued capacity to distribute dividends. **A Strategic Shift: Listed vs. Non-Listed Investments** An interesting observation is the shift in investment patterns. Mutual funds reduced their exposure to listed shares in the secondary market by 1.34%. Concurrently, their investment in non-listed shares saw a notable increase of 17.73%. This trend suggests a growing preference among funds for the primary market, including Initial Public Offerings (IPOs) and rights issues. This strategic pivot could be driven by a desire for potentially safer, longer-term growth opportunities compared to the more volatile secondary market, aligning with a more conservative risk management approach. **The Road Ahead: What This Means for NEPSE** The billions of rupees now held in cash by mutual funds represent significant 'buying power.' This capital will primarily serve two purposes: first, for the imminent dividend distributions to unit holders; and second, as a strategic reserve to re-enter the market. If the NEPSE experiences a correction in Shrawan or Bhadra, these funds are well-positioned to acquire shares at attractive lower prices, potentially stabilizing the market and fueling a recovery. Market experts view this accumulation of cash as a positive indicator of future market support. Once dividends are disbursed, the remaining capital is expected to flow back into the equity market, providing a crucial impetus. In an environment characterized by low interest rates and ample liquidity, the subsequent actions of these institutional investors will be pivotal in shaping the direction and sentiment of the NEPSE in the coming months. The Ashar sell-off, therefore, appears to be less about fear and more about a calculated, multi-faceted strategy to meet obligations, manage risk, and position for future growth.

NepaliShareMarket NewsAug 3, 2026
NSM
Corporate

Sana Kisan Bikas Laghubitta (SKBBL): A Deep Dive into 14 Years of Financial Evolution and Future Outlook

Sana Kisan Bikas Laghubitta Bittiya Sanstha Ltd. (SKBBL), a cornerstone of Nepal's microfinance sector, has undergone a significant transformation since its inception on July 6, 2001. Initially established as Sana Kisan Bikas Bank Ltd., it transitioned to its current identity following the Bank and Financial Institution Act, 2073. A pivotal moment in its history was the merger with RMDC Laghubitta Bittiya Sanstha Ltd. on July 9, 2023 (Asadh 24, 2080), solidifying its position as a leading wholesale lending microfinance institution headquartered in Babarmahal, Kathmandu. As one of Nepal's three wholesale microfinance institutions, SKBBL stands out as the largest by balance sheet size. Its unique business model involves sourcing funds from larger BFIs and channeling them to retail microfinance institutions, effectively acting as a crucial financial intermediary. Having completed 25 years of operation, this comprehensive analysis delves into SKBBL's financial journey and performance over a 14-year period, from Q4 2069/70 to Q4 2082/83, offering investors a detailed perspective on its trajectory. **Balance Sheet Dynamics: Growth and Structural Shifts** **Asset Expansion:** SKBBL's total assets have demonstrated a robust and consistent growth trajectory. From Rs. 4.95 billion in Q4 2069/70, total assets surged to an impressive Rs. 41.09 billion by Q4 2082/83. The year of the RMDC acquisition marked a significant spike, with total assets increasing by 58.20%. Over the entire review period, the institution recorded a median annual growth rate of 14.83% in its total assets, underscoring its expanding operational scale. A closer look at asset components reveals key insights: * **Cash and Cash Equivalents:** These grew from Rs. 20.60 crore to Rs. 3.58 billion. While growth is positive, maintaining cash and cash equivalents significantly above regulatory requirements can indicate inefficient capital deployment, a point for management consideration. * **Loans and Advances to MFIs & Cooperatives:** This segment represents SKBBL's core lending business and has seen substantial expansion. Post-RMDC acquisition, loans and advances increased by 51.39%. Over the review period, this portfolio grew from Rs. 3.63 billion to Rs. 35.39 billion, achieving a median annual growth rate of 20.70%. Notably, SKBBL reached its highest lending portfolio of Rs. 44.43 billion in Q4 2079/80, but has experienced a declining trend since then, warranting investor attention to the factors influencing this shift. * **Asset Composition:** Loans and advances to MFIs consistently dominated the asset structure, increasing their share from 73.32% in Q4 2069/70 to 84.27% by Q4 2082/83, reinforcing the institution's primary focus. **Liability Structure and Equity Growth:** Total liabilities (excluding equity) expanded significantly, from Rs. 4.24 billion in Q4 2069/70 to Rs. 31.06 billion by Q4 2082/83, a 7.32-fold increase. The institution's primary funding source, borrowings, grew at a median annual rate of 12.06%, reaching Rs. 19.76 billion from Rs. 3.78 billion. * **Borrowings:** While borrowings remain crucial, their proportion within total liabilities (excluding equity) decreased from 89.32% in Q4 2069/70 to 63.58% by Q4 2082/83. This suggests a strategic shift towards greater reliance on internal equity to finance operations, indicating improved financial autonomy and potentially reduced interest rate risk. However, there remains scope for further business expansion. * **Other Liabilities:** This category showed high volatility, peaking significantly in Q4 2079/80 at Rs. 18.91 billion, largely due to the RMDC acquisition, before declining sharply to Rs. 36.98 crore by Q4 2082/83. * **Equity Analysis:** Total equity demonstrated robust growth at a median annual rate of 20.68%. Share capital grew at 25.00%, while reserves increased at 17.83%, reflecting consistent reinvestment and capital accumulation. **Profitability Analysis: Peaks, Declines, and Margin Pressures** **Interest Income and Expense:** SKBBL's core revenue, interest income, peaked at Rs. 4.16 billion in Q4 2080/81 but has since experienced a steady decline, falling sharply to Rs. 2.08 billion by Q4 2082/83. Concurrently, interest expense has also decreased. A critical observation is that during periods of declining interest rates, SKBBL's interest expense rate has remained persistently higher than its interest income rate, leading to a narrowing net interest margin. As a wholesale microfinance institution, optimizing interest costs through lower-cost borrowings from upper-class BFIs is paramount to reversing this trend. **Operating and Net Profit:** The institution achieved its highest-ever net profit of Rs. 1.35 billion in Q4 2080/81. However, in recent years, SKBBL's net profit has been on a declining trend, a concern for investors seeking consistent earnings growth. **Expense Structure:** Interest expense remains the largest cost component, directly linked to its funding model, and has mirrored the decline in market interest rates. Income tax and staff costs constitute the next significant expenses, while other operating expenses have remained relatively contained. **Key Performance Indicators: A Mixed Picture** **Earnings Metrics:** * **Earnings Per Share (EPS):** SKBBL's EPS has shown considerable volatility. After peaking at Rs. 66.73 in Q4 2071/72, it has followed a continuous declining trend, reaching Rs. 13.26 in Q4 2082/83. The merger with RMDC significantly impacted EPS, highlighting the challenges of integrating operations and capital structures. **Efficiency Measures:** * **Return on Equity (RoE):** RoE broadly tracked EPS, peaking at 20% in Q4 2074/75 due to strong profitability. Post-merger, RoE sharply declined from 17.02% to 9.47% in Q4 2079/80. This significant drop suggests potential overcapitalization relative to its current profitability, impacting shareholder returns. * **Return on Assets (RoA):** RoA followed a similar trajectory, reaching its highest level of 2.30% in Q4 2078/79 before the merger. The FY 2082/83 RoA of 1.56% represents the lowest in the review period, indicating that SKBBL has struggled to generate proportional profitability from its expanding asset base. **Valuation Multiples:** * **P/E Ratio:** Highly volatile, reflecting fluctuations in EPS and market price, reaching a record high of 56.72 times in Q4 2082/83. * **P/B Ratio:** Peaked in Q4 2072/73 due to an exceptionally high market price, consistently remaining below 5 times thereafter, with a median of 3.64 times. This suggests the market price has been moderately justified by the institution's Net Worth Per Share (NWPS), which averaged Rs. 309.85 over the period. **Health Indicators:** * **Capital Adequacy:** SKBBL has consistently maintained a healthy Capital Fund to Risk-Weighted Assets Ratio (CAR), demonstrating a strong capital position and regulatory compliance. * **Credit-to-Deposit (CD) Ratio:** As a wholesale microfinance institution, SKBBL primarily relies on institutional borrowings rather than retail deposits. Its CD ratio of 120% in Q4 2082/83 (and consistently above 100% since Q4 2079/80) is acceptable and reflects its unique business model. * **Non-Performing Loan (NPL) Ratio:** Despite its wholesale nature, SKBBL's NPL ratio has shown an increasing trend, rising to 2.96% of total loans by Q4 2082/83. This primarily reflects challenges faced by some retail microfinance institutions in repaying their wholesale borrowings, a key risk factor for SKBBL. **Dividend History: A Consistent Payout** SKBBL boasts a strong and consistent dividend distribution history, a positive signal for long-term investors. The institution declared its highest total dividend of 28.68% in FY 2075/76, maintaining an impressive average annual total dividend of 23.07% over the review period. This consistent payout underscores a commitment to shareholder returns, even amidst fluctuating profitability. **Conclusion and Investor Outlook:** Sana Kisan Bikas Laghubitta Bittiya Sanstha Limited has demonstrated remarkable growth in its asset base and equity over the past 14 years, further bolstered by the strategic merger with RMDC. Its role as the largest wholesale microfinance institution in Nepal, facilitating financial access to grassroots organizations, is critical. However, recent trends indicate challenges, particularly in declining profitability, narrowing net interest margins, and an increasing NPL ratio. The post-merger integration appears to have impacted efficiency ratios like RoE and RoA, suggesting a period of adjustment and optimization. For investors, SKBBL presents a mixed but intriguing profile. Its consistent dividend history and strong capital adequacy are attractive. However, the declining EPS and efficiency ratios, coupled with the need to optimize funding costs and manage NPLs, warrant careful monitoring. Future performance will heavily depend on the institution's ability to leverage its expanded scale, improve operational efficiencies, secure lower-cost borrowings, and effectively manage credit risk within its client microfinance institutions. A strategic focus on these areas will be crucial for SKBBL to regain its peak profitability and deliver enhanced shareholder value in the evolving Nepali financial landscape.

NepaliShareMarket NewsAug 2, 2026
NSM
Economy

Nepal Oil Corporation Hikes Fuel Prices: Petrol Up by Rs 3, Diesel/Kerosene by Rs 5, Sparking Economic Concerns

The Nepal Oil Corporation (NOC) has announced a significant upward revision in the prices of various petroleum products, effective immediately. This move, decided by the NOC Board of Directors, sees petrol prices increase by Rs. 3 per liter, while diesel and kerosene will now cost Rs. 5 more per liter. The adjustment means retail petrol prices will range from Rs. 197.50 to Rs. 200 per liter, and diesel/kerosene from Rs. 197.50 to Rs. 200 per liter, depending on the specific sales category. Beyond ground transportation fuels, the price hike extends to aviation fuel. Domestic aviation fuel has seen a substantial increase of Rs. 20 per liter, bringing its price to Rs. 249. For international flights, aviation fuel in Kathmandu will be costlier by an additional 131 US dollars per kiloliter. Interestingly, NOC has stated that aviation fuel prices for Pokhara and Bhairahawa airports will remain at their 'breakeven point,' suggesting a strategic differentiation in pricing for different regions. In a slight reprieve for households, the price of cooking LP gas has been maintained at Rs. 2060 per cylinder, offering some stability amidst the broader fuel price surge. NOC attributes these adjustments to the new purchase prices received from the Indian Oil Corporation (IOC), its sole supplier. The corporation emphasized that despite a substantial increase in the cost of fuel from IOC, the retail price hike in Nepal has been limited, taking into consideration consumer welfare. However, even with these revisions, NOC projects a fortnightly loss of approximately Rs. 1.49 billion. This persistent financial deficit underscores the delicate balance NOC attempts to strike between market realities, consumer affordability, and its own operational sustainability. For investors and the broader economy, this fuel price hike carries significant implications. Firstly, it is a direct contributor to inflationary pressures. Higher fuel costs translate into increased transportation expenses for goods, impacting everything from agricultural produce to manufactured products. Businesses across various sectors, particularly logistics, manufacturing, and retail, will likely face elevated operational costs, which could eventually be passed on to consumers, further eroding purchasing power. Secondly, the hike could dampen consumer spending. With essential commodities becoming more expensive due and transportation costs rising, households may find their disposable income reduced, potentially slowing down economic activity. This could affect sectors reliant on consumer discretionary spending. Thirdly, the recurring nature of these price adjustments, driven by international crude oil prices and the exchange rate, highlights Nepal's vulnerability to external economic shocks. While NOC attempts to absorb some of the costs, its continuous losses could eventually necessitate government intervention through subsidies, placing a burden on the national budget, or lead to more frequent and steeper price increases. Investors should monitor these trends closely as they can influence corporate earnings, particularly for companies with high energy consumption or those operating in logistics-intensive industries. The government's fiscal policy and the Nepal Rastra Bank's monetary policy responses to these inflationary pressures will be crucial in shaping the economic outlook for the coming months.

NepaliShareMarket NewsAug 2, 2026
NSM
Market Update

NEPSE Experiences Weekly Decline Amidst Volatility, Turnover Reaches Rs. 21.67 Billion

The Nepal Stock Exchange (NEPSE) concluded the trading week with a notable downturn, as the benchmark index shed 49.06 points, or 1.79%, to close at 2,685.54. This decline marks a reversal from the previous week's positive momentum, which saw the index gain 2.13% to settle at 2,734.60. The week was characterized by significant intraday fluctuations, with the NEPSE index oscillating between a high of 2,744.89 and a low of 2,653.23, demonstrating a volatility range of 91.66 points. This level of volatility was consistent with the previous week's 94.55 points, indicating a continued period of price discovery and investor indecision in the market. Despite the overall weekly loss, Monday saw a brief resurgence, with the index gaining 12.96 points, accompanied by a turnover of Rs 3.76 billion. However, this positive start could not sustain the market throughout the week, as total turnover for the five trading days amounted to Rs 21.67 billion (21.67 Arba). Over 50.5 million unit shares changed hands through 264,857 transactions, reflecting active participation despite the bearish sentiment. The current market capitalization of NEPSE stands at an impressive Rs 4,615.29 billion (46.15 Kharba), underscoring the significant value held within the Nepali equity market. From a technical analysis perspective, the momentum indicators present a mixed picture. The daily Relative Strength Index (RSI) registered at 51.69, suggesting a relatively neutral stance, neither overbought nor oversold. However, the weekly RSI at 47.67 leans slightly towards a weaker momentum over a longer timeframe. Conversely, the Moving Average Convergence Divergence (MACD) remains in the positive zone with a reading of 6.57, and the MACD line is above its signal line. This configuration typically indicates bullish momentum, creating a divergence with the weekly price action. The NEPSE Index is currently trading above both its 20-day and 5-day Exponential Moving Averages (EMAs), which traditionally signals an earlier bullish sentiment. Investors will be closely watching the 2,600 level, which is expected to act as the nearest significant support, while the 2,780 zone is identified as a major resistance level that the index needs to breach for a sustained upward trend. Sectoral performance this week painted a largely red canvas, with only two out of the thirteen sub-indices managing to close in the green. This broad-based decline suggests that the bearish pressure was not confined to specific sectors but rather reflected a wider market sentiment. While the raw data does not specify which sectors performed positively, their resilience amidst a general downturn would be a key area for further investor investigation, potentially highlighting defensive plays or sectors with unique growth drivers. Among individual stocks, Everest Colour Limited (ECL) emerged as the top gainer, skyrocketing by an astonishing 101.09% to close at Rs 1,309.30. Such a dramatic surge often indicates speculative interest or significant positive news specific to the company, warranting closer scrutiny by investors. On the flip side, Corporate Development Bank Limited (CORBL) experienced a sharp decline, losing 27.70% of its value to settle at Rs 1,120.00, making it the week's top loser. High beta stocks, which are more volatile than the overall market, also saw significant movements. Ridge Line Energy Limited (RLEL), Suryakunda Hydro Electric Limited (SKHEL), and Shreenagar Agritech Industries Limited (SAIL) recorded the highest monthly betas of 4.370, 3.807, and 3.790, respectively, indicating their heightened sensitivity to market fluctuations and potential for amplified gains or losses. In terms of market activity, Reliance Spinning Mills Limited (RSML) dominated the turnover charts, with shares worth Rs 1.03 billion traded, making it the top-traded company of the week. This high turnover suggests strong investor interest and liquidity in RSML shares. Brokerage activity also provided insights into market dynamics. Naasa Securities Co. Ltd. (Broker No.- 58) stood out as both the top buying and selling broker, purchasing stocks worth Rs 1.85 billion and selling stocks worth Rs 1.91 billion. This balanced activity from a single major broker could indicate active portfolio rebalancing or arbitrage strategies being employed. The specific companies bought and sold by top brokers offer a glimpse into where institutional or large individual investor capital is being deployed or withdrawn, providing valuable intelligence for other market participants. Overall, the past week on NEPSE was characterized by a broad market correction following a period of gains. While technical indicators present a mixed outlook, the overall sentiment leaned bearish, as evidenced by the index's decline and the widespread sectoral losses. Investors will be keenly observing the market's ability to hold key support levels and the performance of leading indicators in the coming days to gauge the potential direction of the NEPSE index, as well as looking for opportunities in resilient sectors or individual stocks demonstrating strong fundamentals.

NepaliShareMarket NewsAug 2, 2026
NSM
Corporate

The Boss Lady: Pioneering Professional Attire for Nepali Women, Driving Growth and Empowerment

In the dynamic landscape of Nepali entrepreneurship, 'The Boss Lady' brand has emerged as a beacon of confidence and professional identity for women. Recognizing that attire is more than just clothing—it's a powerful tool for personality presentation, confidence building, and professional branding—the brand is dedicated to providing Nepali women with a sophisticated and empowering 'boss' look. At the heart of this thriving venture is Harry Goel, who has skillfully built upon his family's 25-year legacy in the apparel business, 'Attire Nepal'. Two years ago, Goel identified a significant market opportunity stemming from the increasing participation of women across corporate, banking, administrative, and communication sectors in Nepal. This insight led to the strategic evolution of 'Attire Nepal' into 'The Boss Lady', a brand specifically tailored to meet the growing demand for high-quality, attractive formal wear for professional women. Goel's vision was significantly influenced by his extensive travels to countries like Indonesia, Vietnam, China, and Bangladesh. During these trips, he closely observed the corporate cultures and professional dressing styles of women, noting how their attire projected confidence, leadership, and a strong professional persona. He realized that despite Nepali women rapidly advancing in leadership roles, the local market offered limited options for quality formal wear that truly resonated with their needs and aspirations. This identified gap became the foundational opportunity for 'The Boss Lady'. The brand's mission extends beyond mere garment sales; it aims to empower women, making them feel more confident, impactful, and assertive in their professional environments. The brand's success is underscored by its impressive customer loyalty and reach. 'The Boss Lady' proudly reports having served approximately 200,000 customers, with a remarkable 80% being repeat clients. This high retention rate is a testament to the brand's unwavering commitment to quality, precise fitting, appealing designs, and exceptional customer service, fostering long-term relationships built on trust. Furthermore, 'The Boss Lady' has transcended national borders, receiving product demand from international markets such as Dubai, Australia, and Canada, signaling its burgeoning global appeal. In an era dominated by digital commerce, 'The Boss Lady' understands the critical importance of transparency in online shopping. To mitigate the common issue of discrepancies between product images and the actual items received, the brand strategically prioritizes video content over static photographs. This approach ensures that customers can clearly visualize the product's true color, fabric quality, design, and fit, thereby enhancing trust and clarity in their online purchasing decisions. However, the journey to entrepreneurial success is rarely without its challenges. Harry Goel openly discusses the hurdles 'The Boss Lady' has faced, particularly the scarcity of skilled labor in Nepal and the prevalent trend of trained employees seeking overseas employment. While the company invests significantly in training and developing its workforce, the continuous need to cultivate new talent due to brain drain poses an ongoing operational challenge. Additionally, managing the complexities of importing raw materials, optimizing supply chain logistics, and balancing market demand are critical operational considerations. Despite these obstacles, the company's extensive experience, commitment to continuous learning, and deep understanding of the market have enabled it to navigate these challenges successfully. For aspiring young entrepreneurs, Harry Goel offers invaluable advice centered on patience, persistence, and strategic investment. He cautions against excessive initial expenditure on non-essential infrastructure like expensive cameras, large studios, or lavish offices. Instead, he advocates for prioritizing product quality and a thorough understanding of market needs. Starting small and gradually expanding the business as sales grow and customer trust solidifies is often a more effective strategy. Goel emphasizes that business success is not an overnight phenomenon; therefore, new entrepreneurs should not be disheartened by initial setbacks but rather continuously learn, adapt, and evolve with market changes. Today, 'The Boss Lady' is more than just a fashion brand; it represents an inspiring entrepreneurial endeavor deeply intertwined with the confidence, professional identity, and empowerment of Nepali women. What began with a belief in the transformative power of quality attire has blossomed into a business generating an annual turnover exceeding NPR 20 million. By seamlessly blending 25 years of family business acumen with modern strategies, digital marketing, customer-centric services, and a refreshed brand identity, Harry Goel has successfully modernized a traditional enterprise. 'The Boss Lady's journey serves as a compelling example of identifying market needs, prioritizing customer trust, and demonstrating unwavering perseverance in the face of adversity, making it an inspirational name in Nepal's startup and entrepreneurship ecosystem.

NepaliShareMarket NewsAug 2, 2026
NSM
Uncategorized

Joshi Hydropower Shows Promising Reversal from Support Zone Amidst Sector Downturn: A Comprehensive Analysis

In a week where the broader hydropower sub-index experienced a notable decline of 2.63%, dropping from 3816.33 to 3715.96 points, Joshi Hydropower Development Company Limited (JOSHI) has emerged as a point of interest for investors. Despite the sector's general downturn, JOSHI's share price demonstrated a significant upward movement, increasing by NPR 13 to close at NPR 283, up from NPR 270 at the end of the previous trading week. This performance warrants a closer look at the company's technical indicators and underlying financial health. **Technical Rebound and Bullish Signals** JOSHI's stock has successfully rebounded from its critical support level of NPR 260, a move that often signals a potential shift in market sentiment. This upward trajectory was particularly strong on the last trading day of the week, as the share price not only found robust support but also decisively breached its 10-day, 25-day, and 50-day moving averages in a single session. This convergence and crossover of short-to-medium-term moving averages are typically interpreted by technical analysts as a strong bullish signal, suggesting increasing momentum. The stock now appears poised to challenge its 100-day moving average, a key long-term resistance level. Further reinforcing the bullish outlook, the last trading day saw the formation of a powerful bullish Marubozu candlestick. This pattern, characterized by a long body with little to no shadows, indicates that buyers were in complete control throughout the trading session, pushing the price from its open to its close with sustained strength. Such a formation often precedes further upward movement, signaling strong buying conviction. However, investors should be mindful of potential resistance in the NPR 310 to NPR 325 range, where previous selling pressure might re-emerge. **Momentum, Volume, and AI Insights** The momentum indicators also paint a positive picture. The Moving Average Convergence Divergence (MACD) line has crossed above its signal line and moved into positive territory, with the histogram showing strong growth in the positive zone. This configuration typically indicates strengthening bullish momentum. Concurrently, the Stochastic RSI, a popular oscillator for identifying overbought or oversold conditions, is currently in the neutral zone, suggesting a balanced state of buying and selling pressure without immediate signs of exhaustion. Crucially, the price surge was accompanied by a significant increase in trading volume. High volume during a price increase is a strong confirmation of the move's validity, often indicating the entry of larger institutional investors or 'smart money' into the stock. This confluence of price and volume action lends credibility to the recent rally. Merolagani's proprietary AI chart has also provided historical insights into JOSHI's trading patterns. The AI has issued five 'buy' signals for the company's shares to date, with four of these signals proving profitable for investors, while one necessitated a stop-loss. Currently, the Merolagani AI has not issued any active signals for JOSHI, suggesting a period of observation or consolidation. **Financial Performance: A Challenging Landscape** Despite the encouraging technical signals, a review of JOSHI's financial performance reveals a more challenging scenario. For the second quarter of the last fiscal year, the company reported a net loss of NPR 21.95 million, a significant increase from the NPR 12.61 million loss recorded in the same period of the previous fiscal year. While electricity sales revenue remained stable at NPR 4.86 million, the primary driver of the increased loss was a substantial rise in project expenses, which surged from NPR 126.2 million to NPR 246.2 million. This led to a dramatic reduction in gross profit, plummeting from NPR 341.8 million to a mere NPR 2.30 million. Administrative expenses also nearly doubled, rising from NPR 2.33 million to NPR 4.76 million, culminating in a negative operating profit of NPR 246.2 million. With a paid-up capital of NPR 612.81 million, the company's retained earnings stand at a negative NPR 196.82 million. Consequently, the Earnings Per Share (EPS) is negative NPR 7.17, and the Book Value per share is NPR 67.88. Based on the last week's closing price, JOSHI's Price-to-Book (P/B) ratio is 4.17 times, which, when viewed against the negative EPS and retained earnings, suggests a premium valuation that investors should carefully consider. **Fundamental Overview and Investor Sentiment** JOSHI currently has 6.1281 million shares listed on NEPSE. The 180-day average price for the stock is NPR 285.54. Over the past 52 weeks, the share has traded between a high of NPR 388.60 and a low of NPR 246.00. The company's total market capitalization, based on the last week's closing price, stands at NPR 1.734252 billion. Broker activity during the past week showed Broker Number 58 as the most active buyer, acquiring 19,170 shares, while Broker Number 8 was the top seller, offloading 14,530 shares. Other notable activities included Broker 87 buying 11,990 shares and Broker 42 selling 10,972 shares. This mixed broker activity suggests varied institutional and retail investor strategies. Interestingly, the 'Fear & Greed Meter' for JOSHI's shares currently resides in the 'Fear Zone'. This indicates that despite the recent price surge and bullish technicals, a significant portion of investors remains apprehensive about potential price declines. This sentiment could be influenced by the company's challenging financial performance. **Conclusion for Investors** Joshi Hydropower presents a complex picture for investors. While recent technical indicators, including a strong rebound from support, bullish candlestick patterns, positive momentum, and high volume, suggest a potential short-term upward trend, the company's underlying financial health remains a concern. The increasing net losses, stable revenue, and escalating expenses highlight operational challenges that need to be addressed. Investors should conduct thorough due diligence, weighing the promising technical signals against the backdrop of the company's financial performance and the prevailing 'fear' sentiment in the market, before making any investment decisions.

NepaliShareMarket NewsAug 2, 2026
NSM
Economy

Nepal Strengthens Passport Act: Stricter Penalties and Empowered Directorate to Combat Misuse

Nepal is poised to significantly bolster the integrity of its national passport system with a proposed amendment to the Passport Act. The government has advanced a new bill designed to modernize existing laws and impose stringent legal and financial deterrents against the burgeoning misuse of passports. This legislative push comes at a critical juncture, as Nepal experiences a rapid increase in citizens seeking opportunities abroad for employment, education, and trade, which has unfortunately been accompanied by a rise in passport-related fraud and the use of forged documents. The comprehensive overhaul aims to curb these illicit activities, reinforce state financial and administrative good governance, and uphold the credibility of Nepali travel documents on the international stage. The proposed bill meticulously outlines offenses and corresponding penalties, primarily detailed in Sections 21 and 22. It targets a wide array of fraudulent practices, including the procurement of passports through fake or forged documents, the use of another individual's identity or dual citizenship, and the unauthorized lending or use of passports belonging to others. Individuals found guilty of such serious passport-related offenses could face substantial fines ranging from NPR 200,000 to NPR 500,000, imprisonment for one to three years, or both, depending on the severity and nature of the crime. Furthermore, presenting false information to obtain a passport will attract a fine between NPR 100,000 and NPR 200,000. Even minor infractions, such as general misuse, will incur penalties from NPR 30,000 to NPR 100,000. A specific provision addresses discrepancies in birth dates, where a difference of more than one year in submitted documents will result in a NPR 10,000 fine. These escalating penalties underscore the government's firm resolve to eradicate passport fraud and ensure accountability. A pivotal and highly practical aspect of this amendment is the expansion of administrative authority and the scope of revenue collection. Under Sub-section 3 of Section 22, the Director General of the Passport Department will be granted special executive powers to directly impose fines for specific offenses. This marks a significant departure from the previous system, which often necessitated lengthy judicial processes for such cases. By empowering the Director General to act within defined legal parameters, the amendment is expected to dramatically enhance administrative efficiency and streamline the enforcement of passport regulations. This direct imposition of fines will not only create a stronger deterrent against illegal activities but also contribute more effectively to state revenue and the collection of penalties, thereby strengthening the rule of law and public trust in the system. Recognizing the importance of a just legal framework, the bill also incorporates a crucial safeguard against potential misuse of this expanded authority. Any individual dissatisfied with a fine imposed by the Director General will have the right to appeal the decision to the High Court of the respective province within thirty-five days of receiving notification. This provision ensures a robust system of checks and balances, preventing arbitrary exercise of power while simultaneously maintaining a strong stance against the black marketeering, illegal control, and misuse of passports. In essence, this comprehensive legislative reform is designed to protect the Nepali passport as a highly sensitive national document. It aims to solidify the state's legal obligations, ensure transparent revenue collection, and reinforce Nepal's commitment to international standards of travel document security. For investors and the broader public, this move signals a government dedicated to improving governance, combating corruption, and fostering an environment of greater transparency and accountability, which are foundational elements for sustained economic growth and stability. The enhanced integrity of national documents can also positively impact international relations, trade, and the flow of remittances, all vital components of Nepal's economy.

NepaliShareMarket NewsAug 2, 2026
NSM
Economy

Nepal Grapples with Severe Cooking Gas Shortage Amidst Supply System Disruption

Nepal is currently facing a severe crisis in its cooking gas (LPG) supply, with acute shortages reported across the Kathmandu Valley and other major parts of the country. Despite assurances from the Nepal Oil Corporation (NOC) that international imports remain robust and sufficient, consumers are enduring long queues and significant inconvenience, highlighting a critical breakdown in the domestic distribution system. This situation, if prolonged, could have ripple effects on household budgets, small businesses, and overall economic stability, making it a point of concern for investors monitoring the nation's economic resilience. The current predicament appears to stem from a recent policy shift by the NOC. In late February 2082 B.S. (mid-March 2025), to alleviate a previous shortage, the corporation had mandated the sale of half-filled (7.1 kg) LPG cylinders. This measure was intended as a temporary relief, ensuring wider, albeit smaller, distribution. However, citing an easing situation, the NOC reversed this decision on Ashar 31 (mid-July), instructing all gas industries to resume selling full-weight (14.2 kg) cylinders. This transition, intended to normalize the market, has paradoxically plunged it into disarray. Consumers report that during this transitional period, gas supply to local depots has virtually ceased, leaving them unable to exchange their empty cylinders and, in many cases, facing the prospect of kitchens running idle. The abruptness of the policy change and the lack of a smooth transition plan are being cited as primary contributors to the current chaos. The ground reality paints a grim picture. Local gas dealers and depots, once primary points of access for consumers, are now consistently turning away customers with the ubiquitous "no gas" sign. This forces desperate consumers to seek alternatives, leading them directly to the gates of gas industries and main distribution centers. A vivid illustration of this crisis can be seen outside the Nepal Gas Industry in the Balaju Industrial Area, where hundreds of citizens, clutching their empty cylinders, form long queues from early morning, hoping to secure a refill. Similar scenes are becoming commonplace on Kathmandu's streets, with people transporting cylinders on motorcycles, taxis, and even bicycles in a frantic search for cooking fuel, underscoring the depth of the problem and the daily struggle faced by ordinary Nepalis. The Nepal Oil Corporation, the state-owned monopoly responsible for fuel imports and distribution, maintains that there has been no reduction in LPG imports from the Indian Oil Corporation (IOC), assuring that supplies are arriving at full capacity. NOC officials have suggested that the current scarcity might be an "artificial shortage" orchestrated within the domestic market, possibly by unscrupulous traders or middlemen looking to profit from the disruption. In response to mounting public pressure, the NOC initiated direct gas sales from its old office in Teku, Kathmandu, starting last Saturday. Brands like Nepal, HP, Everest, Sugam, and Shriram are reportedly available there. However, even at this direct sales point, the situation remains dire, with thousands queuing for hours, many ultimately returning empty-handed, indicating that the problem extends beyond mere distribution bottlenecks. Consumer rights activists have voiced strong suspicions regarding the "artificial shortage" theory. They allege that such disruptions frequently occur whenever there are changes in gas cylinder weight or pricing, suggesting that certain traders and middlemen exploit these transitions to hoard stock and manipulate the market for illicit gains. These activists are vehemently demanding immediate and stringent market monitoring by the government and relevant authorities. They emphasize the need for thorough investigations to ascertain whether depots are indeed hoarding gas and to track the distribution channels from the industries to ensure transparency and accountability throughout the supply chain. Such practices erode public trust and create an unstable market environment. The NOC continues to appeal to the public not to panic or hoard, asserting that there is no actual shortage of gas in the market. However, this reassurance rings hollow for the average citizen who cannot readily access gas from their local depots. Until the supply chain is stabilized and gas becomes easily available at the neighborhood level, the long queues at industry gates and NOC's direct sales points are unlikely to subside. The confluence of the ongoing monsoon season and this critical fuel shortage is making daily life exceptionally challenging for ordinary Nepalis, impacting everything from household meal preparation to small-scale eateries. It underscores a pressing need for the government to move beyond mere assurances and implement concrete, effective supply chain management strategies to restore stability and confidence in the nation's essential commodity market. For investors, such recurring supply chain vulnerabilities in critical sectors highlight potential operational risks and the need for robust regulatory frameworks to ensure market stability.

NepaliShareMarket NewsAug 2, 2026
NSM
Corporate

Sahas Urja Delivers Stellar Q4 Performance: Net Profit Soars 51.84%, EPS Hits Rs. 29.72

Sahas Urja Limited (SAHAS), a prominent player in Nepal's burgeoning hydropower sector, has reported an exceptionally strong financial performance for the fourth quarter of the fiscal year 2082/83. The company announced a remarkable 51.84% year-on-year surge in its net profit, reaching an impressive Rs. 1.35 Arba. This significant growth underscores the company's operational efficiency and robust revenue generation capabilities in a dynamic market environment. A key highlight for investors is the substantial increase in Earnings Per Share (EPS), which climbed by 25.49% to Rs. 29.72. This upward trajectory in EPS signals enhanced profitability on a per-share basis, a crucial metric for evaluating a company's financial health and attractiveness to shareholders. The improved EPS, coupled with the overall profit growth, positions Sahas Urja as a compelling investment prospect within the energy sector. Delving deeper into the financial statements, Sahas Urja demonstrated prudent financial management, particularly in controlling operational costs. Administrative expenses witnessed a remarkable decline of 54.69%, falling to Rs. 3.54 crores from the previous year. This significant reduction in overheads played a pivotal role in boosting the company's bottom line and improving overall profitability margins. Such cost-cutting measures, while maintaining revenue growth, are indicative of strong management oversight and a focus on efficiency. The company's financial strength is further reinforced by a healthy growth in its reserves and surplus, which expanded by 16.39% to Rs. 3.68 Arba. This accumulation of reserves provides a solid foundation for future expansion, capital expenditure, and acts as a buffer against unforeseen economic fluctuations. Furthermore, investment in property, plant, and equipment saw a modest increase of 5.88% to Rs. 30.28 crores, suggesting ongoing strategic investments aimed at enhancing operational capacity and long-term asset base. On the revenue front, Sahas Urja reported a total income of Rs. 2.02 Arba, marking a 9.62% increase from the previous fiscal year's fourth quarter. This steady growth in total income, combined with effective cost management, has been instrumental in driving the impressive net profit figures. The company also managed to reduce its bridge gap loan by 19.51%, indicating a positive trend in debt management and potentially lower interest burdens in the future. While most metrics showed strong positive movement, the net worth per share experienced a slight decline of 1.73%, settling at Rs. 180.47. This minor dip could be attributed to an increase in paid-up capital (up 21% to Rs. 4.57 Arba), potentially from recent share issuances, which might have diluted the per-share net worth despite overall growth in reserves. Investors typically monitor this metric in conjunction with EPS and overall profitability to get a complete picture. As of the end of the fourth quarter, Sahas Urja's shares were trading at Rs. 636, with a Price-to-Earnings (P/E) ratio of 21.40 times. This P/E ratio provides investors with a valuation benchmark, suggesting how much the market is willing to pay for each rupee of the company's earnings. A P/E of 21.40 indicates a market expectation of continued growth, aligning with the strong financial results reported. In conclusion, Sahas Urja Limited's Q4 2082/83 performance paints a picture of a financially robust and operationally efficient company. The significant growth in net profit and EPS, coupled with effective cost control and a healthy build-up of reserves, positions SAHAS favorably within the competitive hydropower landscape. Investors will likely view these results positively, anticipating sustained growth and value creation from the company in the upcoming fiscal periods, especially as Nepal continues to prioritize and expand its renewable energy infrastructure. The company's strategic financial management and operational improvements are key indicators of its potential for long-term success and shareholder returns.

NepaliShareMarket NewsAug 2, 2026
NSM
Corporate

Nepal Rastra Bank Intensifies Regulatory Scrutiny, Taking Action Against Three Major Commercial Banks

The Nepal Rastra Bank (NRB), the nation's central monetary authority, has recently underscored its commitment to robust financial sector oversight by taking decisive supervisory actions against three prominent commercial banks: Prabhu Bank, Rastriya Banijya Bank, and Agriculture Development Bank. These actions highlight the central bank's unwavering focus on ensuring strict adherence to regulatory standards and financial guidelines, a crucial element for maintaining stability and transparency within Nepal's banking landscape. For investors, these developments signal a vigilant regulatory environment, which, while potentially leading to short-term adjustments for the affected institutions, ultimately strengthens the long-term health and credibility of the financial system. The most significant action was directed at Prabhu Bank, which saw a cash fine of Rs 500,000 imposed on its former Chief Executive Officer, Ashok Sherchan. This penalty, levied under Section 100(2)(c) of the Nepal Rastra Bank Act, 2058, stems from a series of critical compliance failures identified during central bank inspections. Specifically, Prabhu Bank was found to have violated mandatory loan classification rules, failed to set aside adequate provisions for potential loan losses, and, critically, submitted loan records to the central bank that did not reconcile with the data maintained in its internal core banking system. These infractions are particularly serious as accurate loan classification and provisioning are fundamental pillars of sound risk management, directly impacting a bank's asset quality and overall financial health. Inconsistent data reporting, furthermore, undermines the central bank's ability to accurately assess systemic risks and ensure market transparency, posing a challenge to regulatory effectiveness. State-owned Rastriya Banijya Bank also faced regulatory attention, receiving a formal caution under Section 100(1)(a) of the NRB Act. The caution was issued due to the bank's failure to freeze specified bank accounts within the stipulated timelines, a direct violation of updated bank account management regulations. This type of non-compliance often relates to anti-money laundering (AML) and counter-terrorist financing (CTF) protocols, where timely action is paramount to prevent illicit financial activities. Such lapses, even if seemingly procedural, can expose the financial system to significant risks and erode public trust in the banking sector's integrity. Meanwhile, Agriculture Development Bank was required to sign a written commitment to implement corrective measures following supervisory audits that pinpointed various operational deficiencies. While the specific nature of these deficiencies was not detailed, such commitments typically address areas ranging from internal controls and governance structures to technological infrastructure and customer service processes. This proactive approach by the NRB aims to ensure that banks not only comply with regulations but also operate efficiently and robustly, minimizing risks and enhancing their capacity to serve the economy effectively. From an investor's perspective, these regulatory interventions, while potentially casting a shadow on the immediate performance of the implicated banks, should be viewed as a positive indicator of a maturing and vigilant financial market. A strong regulatory body like the NRB, actively enforcing compliance, helps to safeguard depositor interests, promote fair practices, and prevent systemic risks that could destabilize the entire economy. It reinforces the principle that no institution, regardless of its size or ownership, is above the law. For investors considering positions in the Nepali banking sector, such actions provide valuable insights into the governance standards and risk profiles of individual institutions. Banks that consistently demonstrate strong compliance and robust internal controls are generally more resilient and attractive long-term investments. The Nepal Rastra Bank's Bank Supervision Department emphasized that these actions are integral to strengthening institutional governance, maintaining transparency in financial reporting, and ensuring strict compliance across Nepal's entire banking sector. This commitment to a well-regulated financial environment is vital for fostering investor confidence, attracting capital, and ultimately supporting sustainable economic growth in Nepal. As the financial sector continues to evolve, the NRB's proactive stance will be crucial in navigating new challenges and ensuring that Nepali banks operate with the highest standards of integrity and prudence.

NepaliShareMarket NewsAug 2, 2026
NSM
Corporate

Nepal's First Global Animated Feature 'Lost In Mandala' Secures Distribution with Apple Entertainment

Nepal is poised to make a significant mark on the international animation stage with the announcement that "Lost In Mandala," the nation's first animated feature film crafted for a global audience, has secured theatrical distribution rights. Apple Entertainment Pvt. Ltd. has acquired these crucial rights for its release within Nepal and in select international territories, signaling a major milestone for the country's burgeoning creative industry. This development not only highlights the growing capabilities of Nepali talent but also opens new avenues for cultural export and economic diversification. "Lost In Mandala" is envisioned as a captivating fantasy adventure deeply rooted in the rich tapestry of Himalayan spiritual traditions, mythology, and breathtaking landscapes. The narrative follows the journey of a 12-year-old girl and her companions who find themselves unexpectedly trapped in a mysterious alternate dimension. As they navigate this enigmatic realm, they are compelled to confront a formidable dark force, ultimately discovering the profound power of love and compassion along their arduous path. This blend of local cultural elements with universal themes is expected to resonate with audiences worldwide, offering a unique cinematic experience. The creative force behind this ambitious project is Mr. Kiran Bhakta Joshi, the esteemed founder and Co-CEO of Incessant Rain Studios. Joshi brings a wealth of international experience to the film, having previously served as a VFX supervisor at the renowned Walt Disney Studios. His impressive portfolio includes work on iconic animated classics such as "The Lion King," "Beauty and the Beast," and "The Hunchback of Notre Dame," among many others. His involvement underscores the high caliber of expertise guiding "Lost In Mandala," promising a production of international standards and visual excellence. Incessant Rain Studios, under Joshi's leadership, is committed to pushing the boundaries of animation in Nepal and showcasing the nation's storytelling prowess. The development of "Lost In Mandala" is a collaborative effort, with Incessant Rain Studios partnering with NIMB Ace Capital. This partnership is particularly noteworthy for investors, as it signifies a growing interest from the financial sector in supporting and investing in Nepal's creative and entertainment industries. NIMB Ace Capital's involvement provides crucial backing, demonstrating confidence in the project's commercial viability and its potential to generate significant returns, while also fostering the growth of a new economic sector. Such collaborations are vital for scaling up local productions and ensuring they meet global benchmarks. The distribution deal with Apple Entertainment Pvt. Ltd. is a strategic move that will ensure "Lost In Mandala" reaches a broad audience. Apple Entertainment's role will be instrumental in marketing and releasing the film, not just within Nepal, where it is expected to garner immense national pride and viewership, but also in key international markets. This global reach is critical for the film to achieve its potential as Nepal's first animated feature for the world stage, allowing it to compete alongside productions from more established animation hubs. Beyond its artistic merit, "Lost In Mandala" carries significant implications for Nepal's economy and cultural diplomacy. The production process itself creates numerous job opportunities for animators, artists, writers, and technical staff, fostering skill development and retaining local talent. Furthermore, by showcasing Nepal's unique cultural heritage and stunning natural beauty through animation, the film has the potential to boost tourism and enhance the country's soft power on a global scale. It represents a tangible step towards diversifying Nepal's economic landscape, moving beyond traditional sectors and tapping into the lucrative global entertainment market. This venture could inspire further investment and development in Nepal's creative industries, paving the way for future international collaborations and productions. In conclusion, "Lost In Mandala" is more than just a film; it is a testament to Nepal's emerging creative capabilities and a beacon for its future in the global entertainment industry. With seasoned leadership, strategic partnerships, and a compelling narrative, this animated feature is set to captivate audiences and establish a new benchmark for Nepali cinema on the world stage.

NepaliShareMarket NewsAug 2, 2026
NSM
Uncategorized

Nepal Stock Market at a Crossroads: Short Selling and Derivatives Set to Transform a One-Way Street

Nepal's capital market is on the cusp of a monumental transformation, poised to shed its long-standing identity as a 'one-way' market. Following recent investor frustrations that culminated in protests outside the securities regulator, the Nepal Stock Exchange (NEPSE) is finally embracing a future where investors can profit from both rising and falling markets. This pivotal shift, spearheaded by the Securities Board of Nepal (SEBON) and aligned with the government's broader economic vision, promises to introduce sophisticated instruments like short selling and derivatives, fundamentally altering the investment landscape. The catalyst for this change was a candid admission from Dr. Gopal Prasad Bhatta, Chairman of SEBON, who, in response to investor demands, promised the imminent introduction of short selling. This marks a significant departure from previous responses, which often involved temporary fixes or vague assurances. Dr. Bhatta's acknowledgment that the market's design flaw—where 7.7 million demat account holders can only profit when prices rise—creates an inherent pressure group for upward movement, underscores the depth of the problem and the necessity of a two-way market mechanism. Unlike mature markets where a falling index sees half of Wall Street positioned for profit, NEPSE's current structure leaves only 'victims' and 'blame' in a downturn. This isn't merely a talking point; it's a concerted effort reflected across key policy documents. The Finance Minister, Dr. Swarnim Wagle, in the FY 2083/84 budget, committed to restructuring NEPSE and phasing in intraday trading, short selling, and derivatives, alongside a zero-tolerance stance on market manipulation. Complementing this, SEBON's Capital Market Development Roadmap 2083 and its annual policy outline a detailed 'build order': a gradual move towards T+1 settlement, legal and institutional groundwork for a central counterparty (CCP), full straight-through processing (STP), an auction market for failed trades, trial intraday trading, and the gradual introduction of securities lending and borrowing (SLB) paving the way for short selling, supported by market makers and authorized participants. This unprecedented alignment across government and regulatory bodies signals a serious intent for modernization. However, the path to a sophisticated market is fraught with historical pitfalls. Nepal's market history is replete with good ideas launched prematurely, lacking the necessary 'plumbing.' The decade-long permission for margin trading, for instance, never fully materialized due to unresolved financing chains, broker capacity issues, and unfavorable economics. Even more cautionary is the uncontrolled experiment with commodity derivatives in the late 2000s, which led to collapsed platforms and burnt savings, highlighting that derivatives without robust clearing, capital, and surveillance are a recipe for disaster. The successful implementation of short selling hinges on a fully functional securities lending and borrowing (SLB) market. This requires institutional lenders—such as the Employees Provident Fund, Citizen Investment Trust, insurers, and mutual funds—to be willing and able to lend shares. This, in turn, necessitates supervisory permission, attractive lending fees, and robust legal certainty regarding share ownership during a loan, dividend rights, collateral requirements, and recall mechanisms. Without this foundational architecture, any short selling framework remains an empty promise. Furthermore, NEPSE's unique market structure presents challenges. The dominance of promoter holdings means the freely tradable 'float' in many scrips is minimal. Thin float, while enabling cornering on the long side, makes a short squeeze lethal. Imagine a trapped short seller in a market with daily price bands; losses could compound rapidly behind restrictive movement limits. To mitigate this, SEBON must implement safeguards such as covered shorts only, a hard ban on naked selling, a 'locate' requirement before sale, an initial list restricted to high-float, high-liquidity scrips, and published short interest data. Learning from global market experiences can prevent costly 'bleeding' lessons. The introduction of intraday trading and short positions also necessitates a central counterparty (CCP). Currently, NEPSE settles trades bilaterally, a system designed for a slower, long-only market. Increased velocity and two-way exposure mean a single broker failure could trigger systemic collapse. SEBON's explicit mention of CCP preparation is encouraging, but its arrival *before* new instruments, rather than after the first crisis, is critical. Similarly, intraday trading without automated pre-trade risk checks at the broker level—especially given the thin capital and overnight reconciliation practices of some brokerages—could lead to a cascade of defaults. Robust back-office infrastructure is unglamorous but essential. Finally, the tax implications of these new instruments cannot be overlooked. While the FY 2083/84 budget's move to make capital gains tax final is positive, the existing CGT framework assumes a buy-hold-sell sequence. Short sales reverse this, with the sale preceding the purchase, creating ambiguity about withholding tax and cost basis. Moreover, an intraday trader completing dozens of round trips daily raises questions about whether profits constitute capital gains or business income. These are not mere accounting quibbles; if the Finance Act doesn't provide clarity pre-launch, retrospective tax treatment could stifle these promising reforms. Investors should monitor the sequence of implementation rather than just the announcements. Real progress will be marked by the completion of straight-through processing, actual T+1 settlement, a genuinely capitalized clearing backstop with a defined default waterfall, and a workable SLB regulation. Only then should covered shorts on liquid scrips, followed by intraday trials with real pre-trade margining, and finally, derivatives (starting with index futures based on a free-float, investable index) be introduced. If this phased, orderly approach is followed, it will represent the most significant modernization of Nepal's market since dematerialization. Rushing instruments ahead of the necessary infrastructure, however, risks scandal, suspension, and institutional scar tissue that could set back future reforms by decades. The siege outside SEBON will truly end not when the market rises, but when investors have robust, reliable machinery to profit in both directions.

NepaliShareMarket NewsAug 2, 2026
NSM
IPO

IPPAN Urges Hydropower Developers to Offer Shares at Par Value to Local Residents

The Independent Power Producers' Association, Nepal (IPPAN), a pivotal body representing the nation's private energy sector, has issued a significant appeal to hydropower project developers. IPPAN is advocating for local residents affected by these projects to be offered shares at their par value of NPR 100 per share, rather than at a premium. This call comes amidst growing discussions that some promoting companies are contemplating issuing shares to local communities at premium prices, a move that IPPAN believes could undermine the very purpose of such allocations. In a recent press statement, IPPAN President Mohan Kumar Dangi emphasized that the Securities Registration and Issuance Regulations explicitly mandate the allocation of 10% of shares to local residents with the primary objective of benefiting them. He stressed that these shares should be made available at par value to truly fulfill this regulatory intent and foster genuine community participation. IPPAN's rationale for this stance is deeply rooted in the realities of hydropower development. The association highlights that local communities bear significant burdens during the construction phase of these projects. They often provide crucial land resources, endure various environmental impacts, and face social disruptions. “The core objective of offering shares to locals is to involve them in the ownership of projects, acknowledging their direct support in making the project successful and the inconveniences they bear during the construction period,” the statement elaborated. IPPAN argues that if shares are issued at a premium, it would inevitably limit access for many local residents, thereby weakening their sense of ownership and commitment to the project's long-term success. The association firmly believes that providing shares at an affordable par value strengthens the bond of trust between the project and the host community. This approach is expected to mitigate social disputes, facilitate smoother project implementation, and ensure timely completion. Furthermore, IPPAN posits that such a policy would significantly contribute to the economic empowerment of local populations and foster greater social harmony, creating a win-win situation for both developers and communities. Beyond the immediate issue of local share pricing, IPPAN also voiced its concern over the protracted delays in the public issuance process for hydropower companies' ordinary shares, attributing these setbacks to regulatory complexities. The association noted that these delays have placed considerable strain on promoters, hindering their financial planning and project timelines. In response, IPPAN has urged the government and relevant regulatory bodies to streamline the share issuance process, making it simpler, more transparent, and time-bound to alleviate the challenges faced by developers. In a proactive move, IPPAN has also called upon all its member companies to adopt a policy of offering shares at NPR 100 per share to local residents. This internal directive underscores the association's commitment to prioritizing local welfare and ensuring the long-term stability of hydropower projects across the nation. The private sector currently accounts for over 80% of Nepal's total electricity production, making its role indispensable in the nation's energy landscape. IPPAN concludes that robust local partnership is not merely beneficial but absolutely essential for transforming the energy sector into a foundational pillar of Nepal's prosperity. This advocacy by IPPAN is a critical step towards ensuring equitable benefits from Nepal's burgeoning hydropower potential, balancing investor returns with community welfare, and fostering sustainable development in the energy sector. It underscores the need for a regulatory framework that supports both project viability and inclusive growth, ultimately strengthening the overall investment climate for hydropower in Nepal.

NepaliShareMarket NewsAug 2, 2026
NSM
Market Update

Nepal's EV Market Set to Electrify with New Models at Naima Nepal Mobility Expo 2026

The Nepali automotive landscape is on the cusp of a significant transformation, with the upcoming 'Naima Nepal Mobility Expo 2026' poised to introduce a new wave of electric vehicles (EVs) that promise to redefine consumer choices and intensify market competition. Scheduled to run from July 26th to 31st, the expo will serve as a crucial platform for various authorized distributors to unveil cutting-edge EV models, primarily focusing on the popular hatchback and crossover segments. These new entrants are expected to feature advanced technologies, robust battery performance, and appealing designs, catering to a growing demand for sustainable and efficient transportation solutions. A key highlight of the expo will be the introduction of four new electric cars, all strategically priced within the NPR 30 to 40 lakh bracket. This pricing strategy aims to make EVs more accessible to a broader segment of Nepali consumers, bridging the gap between premium offerings and entry-level options. Each of these models boasts an impressive claimed range of over 300 kilometers on a single full charge, addressing one of the primary concerns of potential EV buyers: range anxiety. This extended range makes them viable not just for daily urban commutes but also for inter-city travel, significantly enhancing their practicality and appeal. Among the highly anticipated models making their debut at the expo is the **Arcfox T1**, brought to the Nepali market by Lakshmi E-Mobility. Positioned as a premium crossover and hatchback, the Arcfox T1 is equipped with a 42.4 kWh battery pack and a 70 kW motor. Its modern aesthetics and sophisticated features are expected to resonate particularly well with the younger demographic and enthusiasts of premium hatchbacks, offering a blend of style, performance, and environmental consciousness. Pioneer Motocorp is set to introduce the **Chery QQ3**, an EV featuring a powerful 90 kW rear-wheel-drive motor paired with a 41.2 kWh battery. A standout feature of the Chery QQ3 is its integration of advanced safety systems, including Level-2 ADAS (Advanced Driver-Assistance Systems). This emphasis on safety and smart technology positions the Chery QQ3 as a strong contender for tech-savvy customers who prioritize intelligent driving aids and enhanced protection on the road. Shangrila Motors will be showcasing the **Leapmotor B03**, which offers versatility through two distinct battery variants: 39.8 kWh and 53 kWh. This dual-option approach allows customers to select a battery capacity that best suits their individual needs, whether for routine city driving or more extended journeys. The adaptability of the Leapmotor B03 makes it a practical and attractive option for a diverse range of users, from daily commuters to those seeking a reliable vehicle for longer trips. Finally, the popular **Wuling Bingo** is making a comeback with its new 'Lighter Pro' variant, targeting the budget and entry-level segments. This refreshed model will feature battery pack options of 31.9 kWh and 37.9 kWh, coupled with a 50 kW motor. With a revised design and new features, the Wuling Bingo 'Lighter Pro' is expected to provide enhanced convenience and efficiency for urban drivers, reinforcing its position as a go-to choice for economical and practical EV ownership. The arrival of these four new models is set to significantly intensify competition within Nepal's 30 to 40 lakh EV segment. Currently, this segment is home to established players such as the BYD Atto 1, Tata Punch EV, Nami Box, and Proton Emas 5. The influx of fresh options will not only provide consumers with a wider array of choices but also likely spur innovation and competitive pricing among manufacturers and distributors. This heightened competition is ultimately beneficial for the end-user, fostering a dynamic market where quality, features, and value for money become paramount. Beyond the immediate impact on consumer choice, the Naima Nepal Mobility Expo is anticipated to play a pivotal role in expanding the reach of electric vehicles across the Nepali automotive market. It will serve as an educational hub, disseminating crucial information about new EV technologies, charging infrastructure, and the long-term benefits of transitioning to electric mobility. As Nepal continues its journey towards sustainable development, events like this expo are instrumental in accelerating the adoption of green technologies, contributing to reduced carbon emissions, and fostering a cleaner, more sustainable future for the nation's transportation sector. The expo underscores a growing national commitment to embracing electric mobility, driven by both environmental consciousness and the economic advantages of reduced reliance on imported fossil fuels.

NepaliShareMarket NewsAug 2, 2026
NSM
Corporate

Reliable Nepal Life Insurance Honors Significant Disability Claim, Reinforcing Policyholder Trust

Reliable Nepal Life Insurance Limited has recently demonstrated its unwavering commitment to policyholders by settling a substantial permanent disability claim totaling NPR 50 lakh. This significant payout was made to Mr. Hari Prasad Kafle, a policyholder who had secured a comprehensive life insurance plan with the company. The settlement not only provides crucial financial relief to Mr. Kafle but also underscores the vital role of insurance in safeguarding individuals against life's unpredictable challenges. Mr. Kafle had invested in a 20-year life insurance policy valued at NPR 1 crore under Reliable Nepal Life Insurance’s ‘Reliable Sulabh Jeevan Bima Yojana’. Crucially, his policy, initiated in 2076 BS (approximately 2019-2020 AD) through the company's Kathmandu branch, included an additional total permanent disability rider worth NPR 50 lakh. This foresight proved invaluable when Mr. Kafle was diagnosed with Parkinson's disease, a progressive neurological disorder. Following a thorough assessment, his condition was confirmed to meet the stringent criteria for the total permanent disability benefit as outlined in his policy. The claim settlement encompasses two key components: a direct payout of NPR 50 lakh for the permanent disability benefit and an equivalent premium waiver benefit of NPR 50 lakh. The premium waiver ensures that Mr. Kafle will no longer be required to pay future premiums on his policy, yet his life insurance coverage remains intact for the remaining term. This dual benefit provides comprehensive financial protection, alleviating the burden of medical expenses and loss of income while maintaining the long-term security of his family. For investors and the broader market, this event highlights the operational integrity and reliability of Reliable Nepal Life Insurance. In an industry where trust is paramount, the swift and transparent settlement of such a significant claim reinforces the company's reputation as a dependable financial partner. It signals to potential policyholders and shareholders alike that the company stands by its commitments, even in challenging circumstances. Such actions are critical for fostering confidence in the Nepalese insurance sector, encouraging greater insurance penetration, and promoting financial literacy. The company, in its statement, reiterated its dedication to fulfilling obligations to policyholders through "fast, transparent and reliable claim settlement services." This commitment is not merely a corporate slogan but a fundamental aspect of its business model, crucial for sustainable growth and maintaining a competitive edge in Nepal's evolving insurance landscape. As the Nepalese economy continues to develop, the demand for robust and trustworthy insurance products will only grow, making the consistent delivery of such services a key differentiator for companies like Reliable Nepal Life Insurance. This case serves as a powerful testament to the tangible benefits of well-structured insurance policies and the importance of choosing an insurer with a proven track record of honoring its promises.

NepaliShareMarket NewsAug 2, 2026
NSM
Corporate

Miss Nepal Transforms into a Dynamic Business Incubator, Empowering Women Entrepreneurs and Professionals

The Miss Nepal pageant, traditionally viewed as a celebration of beauty and grace, is undergoing a significant transformation, evolving into a powerful "business incubator" and a robust platform for women's entrepreneurship and professional development in Nepal. This shift marks a departure from its earlier perception, which sometimes drew criticism, to a modern role that actively fosters corporate networking, brand building, and social impact. For over three decades, the Miss Nepal competition has been a prominent event in the nation's cultural calendar. While it previously faced scrutiny, often being mischaracterized, the narrative has dramatically changed in recent years. Today, it is no longer merely a stage for showcasing beauty, personality, and catwalk skills. Instead, it has become a strategic launchpad for Nepali women to establish a strong presence in the corporate sector, launch innovative startups, engage in social entrepreneurship, and pursue advanced international studies, thereby making tangible contributions to the Nepali economy. Many accomplished professionals and budding entrepreneurs now actively participate in Miss Nepal to gain public exposure and leverage the platform for their existing ventures. Notable examples include Deepmala Dhakal, the current Miss Nepal World 2026 and an established businesswoman; Dr. Ishani Shrestha, Miss Nepal 2013 and a dental specialist; and Engineer Shrinkhala Khatiwada, Miss Nepal 2018, all of whom exemplify this new breed of participant. Analysts point to three primary factors driving this evolution from glamour to entrepreneurship: Firstly, the **Corporate Network and Brand Value** generated by the pageant is immense. Miss Nepal provides participants with unparalleled direct access to top corporate houses, investors, media outlets, and regulatory bodies within the country. The high personal branding achieved by winners and even participants significantly aids them in securing investment and establishing market presence when launching new businesses. This network is invaluable for navigating the competitive business landscape. Secondly, the **"Beauty with a Purpose" Economic Framework**, particularly emphasized on international stages like Miss World, inspires contestants to think beyond mere social service and delve into social entrepreneurship. This framework encourages them to develop sustainable and self-reliant business models to address challenges in remote and underserved communities, fostering a mindset of impactful innovation. Thirdly, the **Influx of Highly Educated and Professionally Backgrounded Talent** has redefined the competition. In recent years, an increasing number of Miss Nepal contestants are already highly educated and possess strong professional backgrounds. For these women, the pageant is not just about the glitz and glamour; it serves as a powerful medium to amplify their knowledge, ideas, and business plans on a larger scale, using the platform as a catalyst for their intellectual and entrepreneurial aspirations. Numerous former Miss Nepal titleholders have successfully transitioned into the business world, demonstrating the platform's efficacy as an incubator: * **Ruby Rana Shah (Miss Nepal 1994)**: After a brief stint in films and modeling, she established "Ruby's Collection," a successful women's apparel store in Kupondol, actively engaging in entrepreneurship. * **Poonam Ghimire (Miss Nepal 1996)**: Following her reign, she pursued higher education in the USA and returned to Nepal after 15 years to become the Director/Manager of Ambarkar Software Pvt. Ltd., showcasing a blend of international exposure and local business acumen. * **Usha Khadgi (Miss Nepal 2000)**: She has carved a niche as a prominent fashion designer, running her own boutique in Kupondol, and is deeply entrenched in the fashion business. * **Malvika Subba (Miss Nepal 2002)**: A versatile personality, she has worked across various media, including music videos, films, advertisements, and fashion shows, establishing herself as an influential figure and an ideal for many young women. * **Priti Sitaula (Miss Nepal 2003)**: After winning the title at 22, she pursued studies in the USA and later returned to Kathmandu to establish and run her own successful business. * **Jenisha Moktan (Miss Nepal 2009)**: She holds a significant corporate role as the Head of Human Resources at Integrated Mobility Solutions (IMS) Group, where she pioneered the establishment of the HR department. * **Sadikshya Shrestha (Miss Nepal 2010)**: An MBA graduate from Kathmandu University, she possesses a strong command over business and management. She has invested in the commercial sector through her own event management, brand consultancy, and corporate training company, working as a brand strategist for various national and international brands. * **Shrinkhala Khatiwada (Miss Nepal 2018)**: A batch topper architect from Pulchowk Campus, she holds a master's in urban development from Harvard University. She leads Gaatha, an architectural and design firm, and the social organization One Home Foundation. She provides professional consulting and construction services in sustainable urban planning, local material utilization, and architecture, spearheading technical entrepreneurship. She is also an owner of the Kathmandu Gorkhas, a franchise team in the NPL. * **Priya Sigdel (Miss Nepal Earth 2018)**: She leads HattiHatti, a social enterprise that empowers marginalized and economically disadvantaged women by providing tailoring and production training, enabling them to produce sustainable fashion garments and achieve self-reliance. * **Anushka Shrestha (Miss Nepal World 2019)**: With a BBA from Australian Catholic University, she worked in auditing and finance at the Commonwealth Bank of Australia for over two years before becoming Miss Nepal. In 2020, she launched "Makkuse," a handicraft and sweets brand, modernizing traditional Nepali sweets like Gundpak and Pustakari. Makkuse employs local farmers and artisans, bringing Nepali flavors to the international market. Anushka has been recognized among South Asian women entrepreneurs, ranking third in In The Cap Magazine's 2022 list of top 10 South Asian women entrepreneurs. She is also a Member of Parliament for Rastriya Swatantra Party. The evolution of Miss Nepal into a platform that nurtures entrepreneurial spirit and professional growth underscores a broader societal shift towards empowering women beyond conventional roles. It highlights how a cultural event can be strategically leveraged to foster economic independence and contribute significantly to the nation's development, making it an intriguing case study for investors interested in social impact and human capital development.

NepaliShareMarket NewsAug 2, 2026
NSM
Corporate

Aatmanirbhar Laghubitta Shines in Q4 with Robust 39.56% Net Profit Growth, Bolstered by Operational Efficiency and Asset Quality Improvement

Aatmanirbhar Laghubitta Bittiya Sanstha Limited (ANLB) has concluded the fiscal year 2082/83 on a high note, reporting an impressive surge in its financial performance for the fourth quarter. The unaudited financial statements reveal a substantial 39.56% year-on-year increase in net profit, reaching Rs. 6.23 crore, up from Rs. 4.47 crore in the corresponding period of the previous fiscal year. This robust growth underscores the microfinance institution's effective strategies in enhancing profitability and operational resilience within Nepal's dynamic financial landscape. The significant uplift in net profit was primarily driven by a healthy expansion in net interest income, which climbed by 13.19% to Rs. 15.36 crore, compared to Rs. 13.57 crore a year earlier. This indicates a strong core lending business and efficient management of interest-earning assets and interest-bearing liabilities. The institution's ability to grow its interest income, despite potential market pressures, highlights its competitive positioning and effective outreach to its target clientele. Further contributing to the improved bottom line was a notable increase in customer engagement and lending activities. Customer deposits expanded by an impressive 27.03% to Rs. 1.13 Arba, demonstrating growing public trust and the institution's success in mobilizing savings. Concurrently, loans and advances to customers saw a substantial rise of 21.32% to Rs. 1.88 Arba. This dual growth in both deposits and lending signifies a healthy expansion of ANLB's operational footprint and its commitment to financial inclusion, serving a crucial role in providing access to finance for underserved communities. Operational efficiency also played a pivotal role in ANLB's strong performance. While operating expenses saw a modest increase of 4.03% to Rs. 1.61 crore, the institution managed to significantly reduce its impairment charges. Impairment charges stood at Rs. 2.12 crore, a substantial decrease from Rs. 4.72 crore in the same period last year. This reduction in provisions for potential loan losses is a strong indicator of improved asset quality and effective risk management practices, directly bolstering the company's profitability. As a result of these combined factors, operating profit surged to Rs. 5.17 crore, up from Rs. 4.97 crore in the previous fiscal year's fourth quarter. From an asset quality perspective, ANLB demonstrated commendable progress. The non-performing loan (NPL) ratio saw a significant decline to 10.78% from 12.80% a year earlier. This improvement in asset quality is crucial for a microfinance institution, as it reflects better credit assessment, monitoring, and recovery mechanisms, ultimately reducing financial risk. While the capital adequacy ratio slightly eased to 15.73% from 17.33%, it remains well above regulatory requirements, indicating a sound financial buffer to absorb potential shocks and support future growth. The cost of funds, an important metric for financial institutions, was reported at 8.45%, reflecting the cost efficiency in securing funding. On a per-share basis, the institution's performance is equally encouraging for investors. Earnings per share (EPS) increased robustly to Rs. 69.71 from Rs. 57.07, showcasing enhanced shareholder value. Although net worth per share experienced a slight decrease of 5.83% to Rs. 103.28, the overall trajectory of profitability and operational strength paints a positive picture. The consistent growth in EPS, coupled with improved asset quality and expanding business operations, positions Aatmanirbhar Laghubitta as a compelling entity within the microfinance sector, demonstrating its capacity for sustainable growth and value creation for its stakeholders. This comprehensive performance in Q4 FY 2082/83 highlights ANLB's strategic prowess in navigating market challenges, optimizing operational costs, and maintaining a healthy loan portfolio. Investors will likely view these results as a testament to the company's strong management and its potential for continued positive financial outcomes in the upcoming fiscal year.

NepaliShareMarket NewsAug 2, 2026
NSM
Economy

Nepal Braces for Significant Fuel Price Hike as IOC Increases Rates by Double Digits

Nepal is on the brink of experiencing a substantial increase in petroleum product prices, a development that is set to impact consumers and businesses across the nation. The Nepal Oil Corporation (NOC) has indicated that a significant price adjustment is imminent following the receipt of a new price list from the Indian Oil Corporation (IOC), which shows a "double-digit" surge in fuel costs. This upward revision by IOC, Nepal's sole supplier of refined petroleum products, makes a price hike in the Nepali market virtually certain. The primary driver behind this impending increase is the escalating price of crude oil in the international market. IOC, which revises its price lists every 15 days, dispatched its latest rates on the 1st of the month, revealing a substantial increment. According to sources within NOC, the price of fuel from India has risen by more than Rs 10 per liter, signifying a significant double-digit percentage increase. This magnitude of change necessitates a formal decision from NOC's Board of Directors (BoD) before new prices can be implemented. Under Nepal's existing automatic fuel pricing mechanism, the NOC management typically possesses the authority to adjust prices by up to Rs 2 per liter or approximately 1% without requiring Board approval. However, the current increase from IOC far exceeds this threshold, making a mandatory BoD meeting and subsequent decision essential for any price adjustment. Legal provisions stipulate that any price increment or decrement exceeding Rs 2 per liter must be sanctioned by the Board. The delay in announcing the new price list is attributed to the inability to convene a BoD meeting on Saturday, which was a public holiday. NOC spokesperson Manoj Kumar Thakur confirmed that due to the considerable change in the new price list, the official decision on price adjustment will only be finalized after the Board meeting. The NOC Board of Directors plays a crucial role in such decisions, balancing the corporation's financial health with consumer affordability and national economic stability. Currently, the Board is chaired by Narayan Prasad Sharma Duwadi, Secretary of the Ministry of Industry, Commerce, and Supplies. Other key members include Netra Prasad Subedi (Joint Secretary, MoICS), Shankar Bahadur KC (Joint Secretary, Ministry of Finance), Kumari Jyoti Joshi (Director General, Department of Quality and Metrology Standards), and Motiram Sapkota (Director General, Department of Commerce). The Board also includes an expert member, Nar Bahadur Air, and Engineer Deepak Baral as the Member Secretary, alongside Birendra Bahadur Chand, an invited member representing the official trade union. Their collective decision will determine the extent of the price increase and its immediate impact on the Nepali populace. The implications of such a significant fuel price hike are far-reaching for the Nepali economy. Fuel is a critical input for almost all sectors, from transportation and agriculture to manufacturing and services. An increase in fuel prices directly translates into higher transportation costs, which will inevitably lead to increased prices for essential goods and services, fueling inflation. This could erode the purchasing power of consumers, particularly those with fixed incomes, and place additional strain on household budgets already grappling with existing economic pressures. Businesses, especially those heavily reliant on logistics and energy, will face higher operational costs, potentially impacting their profitability and competitiveness. Moreover, this situation underscores Nepal's heavy reliance on imported petroleum products and its vulnerability to global crude oil price fluctuations. While NOC strives to maintain a balance, it often operates under pressure to absorb some of the price shocks to mitigate the impact on consumers, which can strain its financial health. In the long term, such recurring price hikes highlight the urgent need for Nepal to explore and invest in alternative energy sources, promote electric vehicles, and enhance energy efficiency to reduce its dependency on imported fossil fuels. The upcoming decision by the NOC Board of Directors is therefore not just about adjusting prices; it's a critical economic announcement that will reverberate across the entire nation, influencing inflation, consumer spending, and the overall economic landscape. Consumers should prepare for increased expenditures on petroleum products as NOC prepares to implement the new rates swiftly following the Board's resolution.

NepaliShareMarket NewsAug 2, 2026
NSM
Economy

Nepal Rastra Bank Report Reveals Economic Contraction, Volatility Due to Policy Uncertainty

Nepal's economy is increasingly vulnerable to policy instability and ambiguity, leading to significant contractions and market volatility, according to a recent study by Nepal Rastra Bank (NRB). The central bank's Economic Research Department published a working paper titled 'Macroeconomic Effects of Economic Policy Uncertainty: Evidence from Nepal,' which highlights how a lack of policy clarity erodes investor confidence, negatively impacting everything from production to consumption. This comprehensive analysis, utilizing an 'uncertainty index' based on Google Trends data from 2011 to 2026, meticulously uncovers the multifaceted impacts of policy uncertainty on the Nepali economy. The report underscores a direct correlation between heightened economic policy uncertainty and a decline in the nation's Gross Domestic Product (GDP). Specifically, the study reveals that a one-standard deviation increase in policy uncertainty can lead to an approximate 2% reduction in Nepal's real GDP. This contraction is primarily driven by a dampened aggregate demand, as private sector entities become hesitant to undertake new investments, and consumers are discouraged from making significant expenditures. While the initial impact of such uncertainty might not be immediately apparent, its effects on GDP typically become distinctly visible after approximately six months. This lag period suggests that policymakers have a window to address uncertainties before their full economic consequences materialize. The Nepal Stock Exchange (NEPSE) emerges as one of the most immediate and sensitive barometers of policy shifts and uncertainties. According to the NRB report, any surge in economic or political policy ambiguity is swiftly followed by a downturn in the stock market. Historical data indicates that the NEPSE index can plummet by 5% to 10% under such conditions. This rapid response is attributed to capital market investors perceiving policy instability as a significant risk, prompting them to either liquidate their holdings promptly or adopt a cautious 'wait-and-see' approach, thereby triggering substantial market fluctuations. For investors, this highlights the critical importance of monitoring policy pronouncements and political developments. Beyond the stock market, policy uncertainty casts a long shadow over the banking sector and external trade. The report points to a notable negative impact on private sector credit flow from banks, with an increase in uncertainty leading to an approximate 5% reduction in lending. This phenomenon is largely due to businesses' reluctance to borrow for expansion in an unpredictable investment climate, coupled with banks' increased aversion to risk. Furthermore, the external sector experiences severe repercussions, with policy uncertainty capable of reducing Nepal's imports by as much as 15%. Such a substantial decline in imports not only affects domestic consumption and the supply of industrial raw materials but also ultimately impacts government revenue, creating a cascading effect across the economy. The study also identifies key periods and factors that typically amplify policy uncertainty in Nepal. These include: 1. **Budget and Monetary Policy Announcements**: The annual declarations of the national budget and the NRB's monetary policy consistently correlate with a surge in economic term searches on Google and elevated levels of uncertainty. 2. **Political Developments**: Major political events such as general elections, changes in government, and regional conferences (e.g., SAARC and BIMSTEC) are frequently associated with increased policy ambiguity. 3. **Foreign Exchange Reserve Pressure**: Recent pressures on foreign exchange reserves and subsequent policy responses, such as import restrictions, have also contributed to heightened uncertainty. 4. **Natural Disasters and Pandemics**: Events like the 2015 earthquake and the COVID-19 pandemic led to extreme levels of both general and economic uncertainty, demonstrating the vulnerability of the economy to unforeseen shocks. Crucially, the NRB study not only diagnoses the problems but also offers vital recommendations to steer the economy toward stability. These include: * **Policy Predictability**: Government and the central bank should prioritize predictable policies over reactive, ad-hoc measures. Frequent policy changes instill fear among investors, necessitating a focus on long-term stability. * **Clarity in Information Dissemination**: Transparent communication regarding the objectives and potential impacts of policy decisions is essential for the public and investors. This helps mitigate unnecessary rumors and market uncertainty. * **Investment-Friendly Environment**: The report advocates for maintaining policy stability and ensuring investment security to facilitate smooth private sector credit flow, thereby fostering a conducive investment climate. * **Utilization of High-Frequency Data**: Given the absence of a dedicated mechanism to measure policy uncertainty in Nepal, the study recommends leveraging real-time data sources like Google Trends to gauge the economy's pulse and implement timely corrective measures. In conclusion, the Nepal Rastra Bank's research unequivocally demonstrates that a robust economy relies not merely on resources but fundamentally on 'trust' and 'certainty.' If the government and regulatory bodies fail to mitigate policy uncertainty, even the most well-intentioned plans may fall short of their desired outcomes. Therefore, prioritizing policy stability is paramount for achieving Nepal's overarching goal of prosperity.

NepaliShareMarket NewsAug 2, 2026
NSM
Economy

Nepal's Tourism Bill Undergoing Major Amendments to Enhance Standards, Transparency, and Sustainability

Nepal's vibrant tourism sector, a cornerstone of its economy, is poised for significant reforms as the House of Representatives deliberates on the proposed amendments to the Tourism Bill, 2081. A total of 58 Members of Parliament (MPs) have registered comprehensive amendments, signaling a strong legislative intent to address long-standing anomalies, enhance service quality, and ensure the sustainable growth of the industry. These proposed changes are critical for investors, operators, and tourists alike, promising a more regulated, transparent, and high-standard tourism landscape. A primary focus of the amendments is the hotel and hospitality sector, which has often been criticized for inconsistencies in service quality and pricing. MPs are advocating for stringent measures to prevent hotels and resorts from claiming "star" status without meeting the prescribed standards. This move aims to curb arbitrary pricing practices and ensure that consumers receive value commensurate with the services advertised. Specifically, MPs Sushil Khadka and Nitima Bhandari Karki have proposed a mandatory framework for price determination, requiring establishments to operate within transparent limits set by the government. This could lead to a more competitive and fair pricing environment, benefiting both tourists and reputable businesses. Furthermore, MP Ganesh Karki has emphasized the need for federal law to define and enforce security and quality standards for hotels rated three stars and below, ensuring a baseline of safety and comfort across the board. Addressing public health concerns, MP Ashish Gajurel has called for the mandatory implementation of basic food safety standards and regular monitoring in all hotels and restaurants, a crucial step towards safeguarding the well-being of visitors. These measures are expected to elevate Nepal's reputation as a quality tourism destination, attracting discerning travelers and potentially boosting revenue for compliant businesses. Beyond the hospitality sector, the proposed amendments extend to other critical areas of tourism. In mountaineering, a sector synonymous with Nepal's global identity, new regulations aim to enhance safety and ensure fair labor practices. Amendments propose making prior experience on smaller peaks mandatory for climbers attempting Everest or other 8,000-meter-plus mountains. This is a significant step towards mitigating risks and promoting responsible mountaineering. Additionally, a crucial amendment seeks to limit the maximum load carried by porters in high-altitude regions to 20 kilograms, addressing long-standing concerns about the welfare of these essential workers. These changes, while potentially increasing operational costs for expedition companies, are vital for the long-term sustainability and ethical standing of Nepal's adventure tourism. The casino industry, another key component of Nepal's entertainment tourism, is also under scrutiny. MPs are pushing to end the practice of operating multiple casinos under a single license, aiming to streamline regulation and prevent potential misuse. A significant proposal holds casino operators fully responsible for preventing the illegal entry of Nepali citizens, a measure designed to curb social issues associated with gambling. Furthermore, there is a strong call for the establishment of an independent regulatory body specifically for casinos, which could bring much-needed oversight and transparency to this sector. For investors, these changes signal a move towards a more structured and accountable casino environment, potentially reducing regulatory risks in the long run. Finally, the amendments also address the equitable distribution of tourism-generated revenue. A notable proposal suggests allocating at least 40 percent of the royalties collected from mountain expeditions to local levels and Himalayan communities. This initiative aims to ensure that the benefits of tourism directly contribute to the development and welfare of the communities living in and around these natural attractions. Such a move could foster greater local support for tourism initiatives and promote sustainable development in remote areas. In conclusion, the ongoing parliamentary discussions on the Tourism Bill, 2081, represent a pivotal moment for Nepal's tourism industry. The comprehensive nature of the proposed amendments, covering everything from hotel standards and mountaineering safety to casino regulation and local revenue sharing, underscores a collective commitment to reforming and strengthening the sector. For investors, these reforms promise a more predictable, transparent, and high-quality operating environment, potentially leading to enhanced returns and sustainable growth in one of Nepal's most vital economic engines. The successful implementation of these amendments could significantly bolster Nepal's image as a premier global tourism destination, attracting increased foreign investment and a higher caliber of tourists.

NepaliShareMarket NewsAug 2, 2026
NSM
General

Kakarvitta imports petroleum products worth over Rs 24.5 billion in year

Petroleum products worth over Rs 24.5 billion were imported via the Kakarvitta point along Nepal-India border in Jhapa during the last fiscal year (2082-83 BS). The imports mainly include petrol, diesel and cooking or liquefied petroleum gas (LPG). According to the Kakarvitta Customs Office, petrol worth Rs 12.18 billion, diesel worth Rs 9.55 billion and cooking gas worth over Rs 2.77 billion were imported during the period. In the previous fiscal year, petrol imports amounted over Rs 8.92 billion, while diesel imports were valued at Rs 7.03 billion. As said by Office Chief Shibalal Neupane, the government collected Rs 5.85 billion from petrol imports and Rs 2.93 billion from diesel imports during the last fiscal year.

NepaliShareMarket NewsAug 2, 2026
NSM
General

Nepali Congress Launches 'Unite Campaign' Amidst Deep Internal Divisions, National Gathering Set for August 5th

Kathmandu, Nepal – In a significant political development, the Nepali Congress, the nation's largest democratic party and principal opposition, has announced a nationwide 'Country and Congress Uniting Campaign' aimed at resolving its escalating internal disputes and strengthening its organizational structure. The initiative, spearheaded by prominent leader Nain Singh Mahar, comes at a critical juncture for the party, which is widely perceived to be on the brink of significant division. A national gathering is scheduled for August 5th (Shrawan 20, 2083 BS) in Kathmandu, signaling a concerted effort to address the deep-seated factionalism that has plagued the party for years. The announcement was made during a press conference in Kathmandu, where leader Mahar articulated the campaign's core objectives. He highlighted that the party's internal squabbles have not only weakened its organizational fabric but have also diverted attention from pressing national issues, leaving the public's concerns unaddressed. This internal turmoil, he argued, is particularly unfortunate given Nepal's current complex socio-political landscape, where a strong and unified opposition is crucial for effective governance and democratic accountability. The 'Country and Congress Uniting Campaign' seeks to foster unity from the grassroots level upwards. The upcoming national gathering, slated to take place at the Miracle Party Palace in Sukedhara, Kathmandu, will commence at 11:00 AM. Organizers anticipate a robust turnout of approximately two thousand participants, including representatives from all 753 local levels, 330 provincial electoral constituencies, and 165 federal electoral constituencies, alongside various intellectuals and civil society members. This broad representation underscores the campaign's ambition to garner widespread support and consensus across the party's diverse membership. Mahar explicitly stated that the campaign's purpose transcends individual or factional interests. Its primary goal is to reconnect the Nepali Congress with the general populace, restoring public trust and reinforcing its foundational democratic values. A key demand put forth by the campaign is the unanimous representation of all party factions in critical internal bodies, such as the Discipline Committee, Election Committee, and Membership Scrutiny Committee. This measure is deemed essential to ensure a fair, impartial, and transparent 15th General Convention, which is vital for the party's future leadership and direction. Addressing the party's top leadership, Mahar urged the party president and other officials to set aside personal egos for the greater good of party unity. He even expressed a willingness, along with other central committee members, to relinquish their positions if it would contribute to fostering a more cohesive and effective party. This gesture highlights the gravity of the situation and the commitment of the campaign's proponents to achieving genuine reconciliation. Beyond internal party dynamics, the campaign also addresses broader national concerns. Leader Mahar voiced apprehension over the recent surge in communal tensions, particularly in Sunsari and various districts of Madhesh Province. He extended condolences to the victims of violence and called upon the government to ensure prompt medical treatment for the injured and adequate compensation for those affected. He emphasized that the 'Country and Congress Uniting Campaign' was initiated in response to the government's perceived ineffectiveness in addressing such critical national issues. Mahar firmly believes that only a credible and unified Nepali Congress can effectively regain public confidence, safeguard democratic principles, and steer the nation towards a stable political future. The campaign's proponents also expressed concern over the alleged involvement of both domestic and foreign forces in instigating communal discord within the country. They view the 'Unite Campaign' as a proactive measure to counter these challenges, promoting national unity, upholding democratic values, and strengthening the Nepali Congress as a bulwark against divisive forces. Following the August 5th national gathering, the campaign plans to launch a series of signature collection drives and other pressure-building programs across the country, aiming to sustain momentum and ensure that its demands for unity and reform are met. In a powerful concluding statement, leader Mahar encapsulated the campaign's ethos: "When Congress unites, democracy strengthens, and only when democracy strengthens can the nation truly strengthen." This sentiment underscores the profound link between a stable political landscape, a robust democratic system, and the overall socio-economic progress of Nepal, factors that are keenly observed by investors and the business community alike. Political stability and a strong, accountable opposition are fundamental for creating a predictable policy environment, attracting investment, and ensuring sustainable economic growth. The success of this campaign could therefore have significant, albeit indirect, implications for Nepal's broader economic trajectory and market sentiment.

NepaliShareMarket NewsAug 2, 2026
NSM
General

Nepal's Passport Department Grapples with Unprecedented Demand Amidst EPS Application Rush

Kathmandu, Nepal – The Department of Passports (DoP) in Nepal is currently facing an extraordinary surge in demand for e-passports, leading to significant operational challenges and widespread public frustration. Even on public holidays, the department's offices are teeming with applicants, primarily individuals seeking passports to apply for the Employment Permit System (EPS) for South Korea. This unprecedented rush has put immense pressure on the DoP's infrastructure and service delivery mechanisms. In response to the overwhelming number of service seekers, the DoP has implemented extended service hours, including operating on Saturdays and Sundays from 10 AM to 4 PM. Additionally, for the critical period from July 30th to August 7th (Saun 14-22), the department has introduced a two-shift system, running from 7 AM to 2 PM and 2 PM to 9 PM, specifically to accommodate EPS applicants. Despite these measures, many applicants are reporting considerable delays, with some expressing concerns about missing crucial deadlines for their foreign employment applications. One such applicant, Tilak Bahadur Gharti Magar from Rolpa, shared his ordeal, stating he has been in Kathmandu for over a week, yet to receive his passport for the EPS examination. He highlighted initial difficulties with the online application portal, which was frequently down, and subsequent delays in receiving the promised SMS notification for passport readiness. The standard fast-track service, which is supposed to deliver passports within two working days, is reportedly failing to meet expectations for many, leading to anxiety among those whose future employment prospects hinge on timely passport acquisition. Director Deepak Banjade of the Department of Passports acknowledged the challenges, attributing the current situation to the stabilization process of a new system and the sudden, massive influx of EPS-related applications. While assuring the public that there is no shortage of passport booklets, Banjade admitted to technical glitches within the system that have prevented some applicants from receiving their passports on schedule. He clarified that while the 'urgent' passport service is designed for a 48-working-hour turnaround, the daily processing of thousands of additional EPS applications has made it extremely difficult to adhere strictly to this timeline. Technical errors in specific files could further extend the processing time by an additional working day. Banjade also addressed issues related to communication, explaining that a temporary disruption in SMS services occurred due to a payment lapse with the service provider, which has since been resolved. Furthermore, coordination problems with the National ID (NID) system had previously halted some passport processes. To mitigate this, NID staff have now been deployed directly at the DoP to resolve such discrepancies promptly. Looking ahead, Director Banjade urged only those with immediate and essential needs to apply for passports in the coming days. He dispelled rumors of a passport crisis, emphasizing that the department has ample stock. To manage the current rush and streamline future applications, the DoP plans to open application forms for a full month starting next week, a significant departure from the previous day-ahead booking system. This move aims to alleviate pressure and allow non-urgent applicants to plan their submissions more effectively. The department is currently printing and distributing approximately 1,500 passports daily, striving to clear the backlog and ensure efficient service delivery for all citizens.

NepaliShareMarket NewsAug 2, 2026
NSM
Economy

Proposed Amendments Aim to Bolster Nepal Rastra Bank's Autonomy and Professionalism

Nepal's financial landscape is poised for significant changes as parliamentarians introduce a series of robust amendments to the Nepal Rastra Bank (Third Amendment) Bill, 2083. These proposed revisions are designed to fundamentally reshape the central bank's leadership selection process and the composition of its Board of Directors, aiming to liberate it from undue political influence and internal syndicates, thereby enhancing its autonomy and operational efficiency. The amendments, currently under intense debate in the House of Representatives, underscore a strong legislative intent to fortify the central bank's independence and professional integrity. A pivotal aspect of these amendments targets the appointment of Deputy Governors. Traditionally, this esteemed position has been filled through a limited competition exclusively among high-ranking officials within the Nepal Rastra Bank. However, a groundbreaking proposal seeks to dismantle this conventional system by mandating the inclusion of external subject-matter experts in the recommendation process. Members of Parliament, including Lima Adhikari, Khushbu Oli, Ramesh Kumar Malla, and Sushil Khadka, have jointly and individually registered amendments advocating for the Governor to submit a list of candidates that explicitly includes distinguished economists or highly reputable individuals from the broader banking sector outside the central bank. This move is championed as a critical step to inject fresh perspectives, diverse expertise, and innovative thinking into the central bank's top leadership, which is vital for navigating an increasingly complex global financial environment. Furthermore, the proposed amendments address critical issues of conflict of interest and inclusivity within the Nepal Rastra Bank's Board of Directors. MP Parshuram Tamang has put forth a stringent proposal to explicitly bar the Finance Secretary, as well as executive officers of commercial banks who are currently serving or have retired less than three years ago, from being appointed as directors. This amendment is strategically designed to prevent appointments based on power and access, thereby insulating the central bank's board from potential pressures emanating from the Ministry of Finance and commercial banking interests. Such a measure is crucial for ensuring unbiased decision-making and maintaining the central bank's regulatory impartiality. In a significant stride towards gender equality and diverse representation, several parliamentarians, including Prof. Dr. Pushparaj Kadel, Lima Adhikari, Yeshuda Kumari Baral, and Kamal Subedi, have tabled amendments to mandate the appointment of at least one to two women directors to the Board. This initiative seeks to rectify the historically low, almost negligible, representation of women in the central bank's highest decision-making body, ensuring a more balanced and comprehensive approach to policy formulation. The amendments also extend to the tenure and post-retirement engagements of high-ranking central bank officials. MP Guru Prasad Baral has taken a firm stance, proposing a strict cooling-off period, stipulating that an individual who has served as the chief executive or in a high-ranking position at the Nepal Rastra Bank must wait at least two years before being eligible for recommendation as Governor. This measure aims to prevent potential conflicts of interest and ensure a clear separation between past and future roles. Additionally, MPs Sushil Khadka and Parshuram Tamang have proposed reducing the tenure of the Governor, Deputy Governors, and other directors from the current five years to four years. This adjustment could potentially enhance accountability and allow for more frequent leadership reviews, adapting to evolving economic challenges. Among the 77 amendments filed, these proposals concerning the restructuring of the Board of Directors and the establishment of transparent appointment criteria have emerged as the focal point of intense debate within both financial and political circles. The collective efforts by parliamentarians to free the Nepal Rastra Bank from governmental interference and internal capture are seen as a decisive step towards strengthening the institution's credibility and effectiveness. These amendments are poised to be a key determinant in the upcoming parliamentary discussions, with profound implications for the future governance and operational independence of Nepal's central bank, ultimately impacting the stability and growth of the nation's financial sector.

NepaliShareMarket NewsAug 2, 2026
NSM
Economy

Nepal's Home Minister Urges Religious Harmony Amidst Key Social Dialogues

In a significant move aimed at fostering national unity and social cohesion, Nepal's Home Minister, Sudhan Gurung, has emphatically called for an end to religious conflict across the nation. Speaking to media representatives following crucial discussions with various protesting factions, including the 'Hindu Samrat Sena' (United Hindu Front) in Dhanusha, Minister Gurung underscored the paramount importance of mutual understanding and peaceful coexistence among all citizens. He reiterated that maintaining social harmony and religious tolerance is a collective responsibility, essential for strengthening the country's peace, security, and unity. The Home Minister's appeal comes in the wake of prolonged protests in Dhanusha, where the United Hindu Front had presented a comprehensive 13-point demand to the government. Following two rounds of constructive dialogue between the district administration, security chiefs, and the protesting parties, a positive resolution was achieved, leading to the immediate suspension of all protest activities by the Front. This development signals the government's commitment to addressing societal concerns through dialogue and peaceful negotiation. The 13-point demand put forth by the United Hindu Front highlights several critical areas that could have far-reaching implications for Nepal's social, political, and economic landscape. Key demands include: declaring Nepal a 'Hindu Nation' within a specified timeframe of three months, to be determined through an all-party meeting and discussion process; strict control over the display of weapons during religious festivals and occasions, with legal action against offenders; regulation of external loudspeakers at religious sites (temples, mosques, gumbas, churches) to confine sound within their premises; identification and documentation of individuals residing in religious sites, with special monitoring and management for foreign nationals; and legal action against those spreading religious, communal, or ethnic hatred and character assassination through social media. Further demands touch upon judicial and administrative reforms, such as reviewing the cases of individuals arrested during the Dewanganj incident in Sunsari and ensuring their release according to legal procedures; providing proper medical treatment and health services for those injured during protests; reviewing the relevance, necessity, and legal basis of religious commissions; ensuring full security and peace for participating citizens by the Nepal government; and investigating Nepali citizenships issued since 2062/63 BS (2005/06 AD) to initiate legal action against foreign nationals found to possess them illegally. Economically significant demands include the investigation, monitoring, and scrutiny of foreign financial investments (funding) in madrasas, mosques, and other religious sites, with immediate action against any irregularities. Lastly, the Front demanded the identification and legal prosecution of culprits involved in the 12-year-old Anand Das incident, along with compensation for the victim's family. The successful conclusion of these dialogues and the subsequent suspension of protests underscore the government's proactive approach to maintaining stability. For investors, a stable social and political environment is a crucial prerequisite for sustained economic growth and investor confidence. The government's ability to manage diverse social demands through dialogue, rather than confrontation, sends a positive signal about the predictability of the policy landscape. However, the nature of some demands, particularly those related to national identity, citizenship, and foreign funding, could introduce new regulatory frameworks or scrutiny that businesses and foreign entities operating in Nepal should monitor closely. A cohesive society, free from internal strife, is fundamental for attracting foreign direct investment, boosting tourism, and ensuring a robust business environment, making the Home Minister's call for harmony a significant development for Nepal's overall economic outlook.

NepaliShareMarket NewsAug 2, 2026
NSM
Economy

Precious Metals Experience Notable Price Correction: Gold Dips by Rs. 1,800 Per Tola in Nepal

The Nepali domestic market for precious metals witnessed a significant price adjustment today, with both gold and silver experiencing a notable decline. This correction comes as global economic indicators continue to influence commodity markets, prompting investors and consumers alike to closely monitor the trends. According to the Federation of Nepal Gold and Silver Dealers' Association (FENEGOSIDA), the price of fine gold (Chhapawal) has fallen by Rs. 1,800 per tola, settling at Rs. 283,200 per tola. This marks a decrease from its previous trading price of Rs. 285,000 per tola. Similarly, Tejabi gold, which is slightly less pure, also saw a corresponding drop of Rs. 1,800 per tola, bringing its price down to Rs. 282,500 per tola from Rs. 284,300 per tola on the preceding day. The downward trend was not limited to gold alone. Silver prices also moved in tandem, recording a decrease of Rs. 45 per tola. The white metal is now trading at Rs. 4,315 per tola, down from Rs. 4,360 per tola yesterday. These adjustments reflect the dynamic nature of the precious metals market, which is often swayed by a confluence of international and domestic factors. Globally, gold prices are highly sensitive to macroeconomic data, central bank policies, and geopolitical developments. Factors such as the strength of the US dollar, movements in global interest rates, inflation expectations, and investor sentiment towards risk assets play a crucial role. A stronger US dollar typically makes gold more expensive for holders of other currencies, potentially dampening demand, while rising interest rates can make non-yielding assets like gold less attractive compared to interest-bearing investments. Conversely, periods of high inflation or economic uncertainty often bolster gold's appeal as a safe-haven asset and a hedge against currency devaluation. For investors in Nepal, understanding these global dynamics is paramount, as domestic prices are largely influenced by international rates, adjusted for local taxes, duties, and the Nepalese Rupee's exchange rate against major currencies. Gold has historically served as a crucial component of investment portfolios, offering diversification and a store of value, particularly in times of market volatility. The current price correction could present an opportune moment for investors looking to accumulate gold at a relatively lower entry point, or for consumers planning purchases for cultural events and personal use. FENEGOSIDA plays a vital role in setting the daily benchmark prices for gold and silver in Nepal, ensuring transparency and consistency in the market. Their daily pronouncements are eagerly awaited by jewelers, traders, and the general public, providing critical guidance for transactions. As the global economic landscape continues to evolve, with ongoing debates around inflation, economic growth, and central bank strategies, the precious metals market is expected to remain highly responsive. Investors are advised to stay informed about both international and local market indicators to make well-informed decisions regarding their precious metal holdings.

NepaliShareMarket NewsAug 2, 2026
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