Latest NEPSE News & Share Market Updates
South Asian Internet Pioneers Honoured at SANOG 44 in Kathmandu
Internet pioneers from five South Asian countries were honoured at the 44th South Asian Network Operators Group (SANOG) conference held in Kathmandu for their contributions to expanding internet access and developing commercial internet services in the region. The Internet Enablers Awards were presented twere Dilip Agrawal (Nepal), Neeraj Sonker and Suchit Nanda (India), Tariq Mustafa (Pakistan), Sumon Ahmed Sabir (Bangladesh), and Jichen Thinley (Bhutan) in recognition of their role in shaping the region's digital landscape. Nepal's Dilip Agrawal, founder of WorldLink, was recognised for transforming the company from a dial-up internet provider into the country's largest internet service provider and for expanding broadband connectivity across Nepal, including remote areas. According to Internet Enablers, the awards recognise individuals whose technical leadership and vision helped lay the foundation for internet infrastructure across the Asia-Pacific region, preserving the history of the internet while acknowledging the pioneers behind its growth. The three-day SANOG conference began in Kathmandu on Sunday.
Nepal's Luxury Tourism Shines: Shinta Mani Mustang Crowned World's Best, Manang Lodge Honored by TIME
Nepal's burgeoning luxury tourism sector has achieved unprecedented global recognition, marking a pivotal moment for the nation's economic diversification and international standing. Two distinguished properties, both operated by the visionary Sherpa Hospitality Group, have garnered prestigious accolades, firmly positioning Nepal on the global map for high-end travel experiences. Leading this wave of international acclaim is Shinta Mani Mustang, which has been named the world’s No. 1 luxury hotel in Robb Report’s highly anticipated “50 Greatest Luxury Hotels on Earth 2026” list. This extraordinary achievement is the result of a rigorous evaluation process conducted by 24 international luxury travel experts, underscoring the resort's commitment to unparalleled service, exquisite design, and an immersive cultural experience. This latest triumph follows a consistent streak of global awards for Shinta Mani Mustang in both 2024 and 2025, solidifying its reputation as a consistent leader in the ultra-luxury segment. For investors, this recognition signals not only the exceptional quality of the property but also the growing potential for premium hospitality ventures in Nepal, attracting a discerning clientele with significant spending power. Adding to this remarkable success, Manang Lodge, operating under the Mountain Lodges of Nepal brand, has earned a coveted spot on TIME Magazine’s “World’s Greatest Places to Stay 2026” list. Notably, it stands as the sole Nepali hotel to be featured on this prestigious compilation, highlighting its unique appeal and world-class standards. The 14-room luxury lodge offers an unparalleled high-end accommodation experience amidst the majestic Himalayas. Guests are treated to heated rooms, panoramic vistas of the Annapurna, Gangapurna, and Tilicho mountains, and an innovative “luxury base camp” concept that blends adventure with comfort. Strategically located at an altitude of approximately 3,500 meters along the Marsyangdi River in Manang, the lodge provides convenient access to iconic attractions such as Braga Monastery, pristine glacial lakes, and the elusive snow leopard habitats. Its prime location has made it a favored choice among both domestic and international travelers embarking on the renowned Annapurna Circuit trek, demonstrating the successful integration of luxury into adventure tourism. This dual international recognition is poised to significantly strengthen Nepal’s image as a premium adventure and luxury tourism destination. Tourism stakeholders are optimistic that these achievements will not only enhance the country's brand but also attract a new demographic of high-net-worth international travelers, moving beyond its traditional reputation solely as an adventure tourism hub. The success of these properties underscores Nepal’s inherent natural beauty, its rich Himalayan culture, and the rapidly evolving standards of its hospitality sector. For the broader economy, this shift promises increased foreign exchange earnings, potential for foreign direct investment in related infrastructure and services, and the creation of high-value employment opportunities, particularly in remote regions like Mustang and Manang. The Sherpa Hospitality Group's vision in developing and operating these world-class establishments serves as a testament to the potential for sustainable luxury tourism to drive economic growth and showcase Nepal's unique offerings on a global stage.
Key Leadership Transition: Dinesh Bahadur Amatya Moves from IME Life to Himalayan Life Insurance as DCEO
The Nepali insurance sector, a dynamic and increasingly competitive landscape, has recently witnessed a significant leadership transition that is likely to draw the attention of investors and industry observers alike. Dinesh Bahadur Amatya, a prominent figure in the life insurance segment, has resigned from his position as Deputy Chief Executive Officer (DCEO) at IME Life Insurance. His departure, effective Shrawan 8, marks the end of a chapter with IME Life and signals the beginning of a new one with Himalayan Life Insurance, where he is set to assume the same crucial DCEO role. This high-profile executive movement underscores the intense competition for seasoned talent within Nepal's rapidly expanding financial services industry. The DCEO position is pivotal in any insurance company, typically overseeing critical operational areas such as sales, marketing, underwriting, and strategic business development. The individual holding this role plays a significant part in shaping the company's market strategy, driving growth, and ensuring regulatory compliance. Therefore, such a transition can have notable implications for both the departing and the receiving organizations. For IME Life Insurance, the departure of a DCEO like Mr. Amatya will necessitate a strategic reassessment of its leadership structure and potentially its operational direction. While companies often have robust succession plans in place, the loss of an experienced executive can still present challenges in maintaining momentum and continuity, especially in key growth areas. Investors in IME Life will be keen to observe how the company manages this transition and what steps it takes to fill the void left by Mr. Amatya's exit, ensuring that its strategic objectives remain on track. Conversely, Himalayan Life Insurance stands to gain significantly from this appointment. Bringing in an executive of Mr. Amatya's caliber and experience suggests a strategic move by Himalayan Life to bolster its leadership team and enhance its competitive edge. His proven track record and deep understanding of the Nepali life insurance market are expected to contribute positively to Himalayan Life's growth trajectory, market penetration, and product innovation. This move could signal Himalayan Life's ambition to capture a larger market share or to embark on new strategic initiatives, leveraging Mr. Amatya's expertise. The broader context of the Nepali insurance market is also relevant here. The sector has been experiencing robust growth, driven by increasing financial literacy, rising disposable incomes, and supportive regulatory frameworks. However, this growth also brings heightened competition among the numerous life and non-life insurers. Executive movements like Mr. Amatya's are a testament to the demand for skilled professionals who can navigate this complex environment, drive performance, and adapt to evolving market dynamics. Shareholders and policyholders of both companies will be closely monitoring the impact of this leadership change. For shareholders, the focus will be on how this transition affects financial performance, stock valuation, and future growth prospects. For policyholders, the concern will be around the continuity of service, product offerings, and the overall stability of their chosen insurer. In conclusion, Dinesh Bahadur Amatya's move from IME Life Insurance to Himalayan Life Insurance as DCEO is more than just a personnel change; it is a strategic realignment of talent within Nepal's vibrant insurance sector. It highlights the ongoing executive mobility and the strategic importance of leadership in driving corporate success in a competitive market. This development will undoubtedly be a key point of discussion among industry analysts and investors as they assess the future trajectories of both IME Life and Himalayan Life Insurance.
Prime Minister Pledges Robust Government Support to Propel Nepali Products into Global Markets
In a significant move aimed at bolstering Nepal's economic landscape, Prime Minister Balendra Shah has publicly committed to the government playing a pivotal role in expanding the international market for Nepali products and actively addressing the challenges faced by local entrepreneurs. This pledge, made during a crucial discussion at the Prime Minister's Office in Singha Durbar, signals a renewed focus on export promotion and industrial growth. The Prime Minister engaged with key representatives from leading industry associations, including the Nepal Plywood Producers Association, Nepal Carpet Producers and Exporters Association, Nepal Pashmina Industry Association, and Nepal Dog Chew Producers Association. These discussions underscored the government's intention to directly engage with the private sector to understand and resolve the systemic issues hindering Nepal's export potential. During the meeting, Prime Minister Shah issued immediate directives to relevant government bodies, urging them to swiftly remove existing legal and technical impediments that have long plagued the export of Nepali goods. This proactive stance is expected to streamline processes, reduce bureaucratic hurdles, and create a more conducive environment for businesses looking to tap into international markets. Furthermore, the Prime Minister emphasized the government's special attention to promoting domestic products by resolving the practical problems encountered by entrepreneurs, reinforcing a commitment to 'Make in Nepal' and 'Export from Nepal' initiatives. This commitment holds immense significance for Nepal's economy, which heavily relies on remittances and imports. A robust export sector is crucial for generating foreign exchange, creating sustainable employment opportunities, fostering industrialization, and ultimately reducing the nation's trade deficit. By actively supporting local industries, the government aims to diversify the economic base and build resilience against external shocks. Nepali exporters frequently grapple with a myriad of challenges, ranging from complex customs procedures and varying international quality standards to logistical bottlenecks and limited access to market intelligence. The Prime Minister's directive to address these 'legal and technical hurdles' is a welcome development, promising reforms in areas such as product certification, trade facilitation, and the negotiation of favorable international trade agreements. Such reforms are vital for enhancing the competitiveness of Nepali products on the global stage. The industries represented in the meeting — plywood, carpets, pashmina, and dog chew products — are diverse, reflecting both traditional strengths and emerging niche markets. Carpets and pashmina, for instance, have historically been significant contributors to Nepal's export earnings, renowned for their craftsmanship and quality. Supporting these sectors, along with modern industries like plywood and the burgeoning dog chew market, can unlock substantial economic value and showcase Nepal's manufacturing capabilities. For investors, both domestic and international, the Prime Minister's commitment signals a potentially more stable and growth-oriented policy environment. A government that actively champions its export sector and addresses business concerns creates a more attractive investment climate. This proactive approach can lead to increased confidence, encouraging capital allocation into productive sectors and fostering long-term economic development. Ultimately, this initiative aligns with Nepal's broader vision of achieving sustainable economic growth and becoming a more integrated player in regional and global trade. The positive sentiment observed among business representatives leaving Singha Durbar post-meeting, as noted by local observers, suggests a newfound optimism. This commitment, if effectively translated into action, could mark the beginning of a new chapter for Nepal's export-led growth, paving the way for greater prosperity and economic self-reliance.
Curfew Imposed in Parts of Sunsari Until Further Notice
The District Administration Office, Sunsari, has imposed a curfew in several areas of the district from 7:00 am today until further notice. The curfew order has been issued under Section 6(a) of the Local Administration Act, 2028 BS, according to the District Administration Office. The curfew applies to the area from Bhantabari Bazaar to Juniya Tole in the east, Ghuski Dhar in the west, the Harinagar Rural Municipality Office in the north and Basantapur in the south. Similarly, the order covers the Ghuski Bazaar area bounded by the Moranga Dhar River to the east, Inglis to the west, the Sunsari River to the north and the Harinagar Rural Municipality Office to the south. The Kaptanganj Bazaar area, stretching from Yadav Tole in the east to Risal Secondary School in the west, Krishna Secondary School in the north and the Nepal-India border in the south, has also been placed under curfew. Likewise, the curfew covers the Basti Bazaar area between Kasimiya Madrasa in the east, Ghuski Police Post in the west, Isha Hardware in the north and Dilshad Public School in the south. The Dewanganj Bazaar area, extending from Musahar Tole along the road to Biratnagar in the east, Moriya Khola in the west, Bidra Mills in the north and the Rural Municipality Office in the south, is also subject to the curfew order. Meanwhile, the Sunsari District Security Committee has imposed a prohibitory order across the entire area of Harinagar Rural Municipality and Dewanganj Rural Municipality. Under the order, the gathering of more than five people at a time is prohibited from 7:00 am to 7:00 pm today. The District Administration Office has warned that anyone violating the curfew or prohibitory order may face a fine of up to Rs. 5,000 and imprisonment for up to one month. Authorities have urged the public to comply with the orders and cooperate with security agencies to maintain peace and security in the district.
Sanima Bank Posts 38.01% Rise in Net Profit in Q4; Distributable Profit Soars, EPS Reaches to Rs. 24.92
Sanima Bank Limited (SANIMA) reported a net profit of Rs. 2.55 arba in the fourth quarter of FY 2082/83, marking a notable improvement of 38.01% compared to Rs. 2.57 arba in the corresponding period of the previous fiscal year. The bank’s net interest income increased by 10% to Rs. 6.99 arba, up from Rs. 6.35 arba in Q4 FY 2082/83, reflecting growth in its core banking operations. Total deposits stood at Rs. 2.49 Kharba, while loans and advances expanded to Rs. 1.95 Kharba during the review period. Operating profit also witnessed a sharp growth of 44.44%, reaching Rs. 5.16 arba. However, personnel expenses rose to Rs. 2.26 arba during the period. Distributable Profit increased by 34.66% to Rs.2.83 arba. The bank posted an earnings per share (EPS) of Rs. 24.92, while net worth per share reached Rs.188.42. The capital adequacy ratio improved to 13.10 percent, and the cost of funds declined to 3.51 percent. At the end of the fiscal year, Sanima Bank’s shares were trading at Rs. 350, with a price-earnings (PE) ratio of 14.04 times. Report: Major Financial Highlights: Particulars (In Rs '000) Sanima Bank Limited Q4 2082/83 Q4 2081/82 Difference Paid Up Capital 15,581,525.41 13,581,525.41 14.73% 8.25% Preference Share 2,000,000.00 - 0.00% Paid Up Excluding Pref. Share 13,581,525.41 - - Retained Earnings 2,884,215.27 2,102,906.99 37.15% Reserves 9,124,515.14 7,349,127.49 24.16% Deposit 249,118,017.13 223,954,679.23 11.24% Loans & Advances 195,884,730.90 176,440,505.81 11.02% Net Interest Income 6,991,583.50 6,355,997.91 10.00% Personnel Expenses 2,263,017.20 2,001,700.08 13.05% Impairment Charges 1,077,783.77 1,889,120.78 -42.95% Operating Profit 5,165,172.26 3,575,882.68 44.44% Net Profit 3,550,144.53 2,572,463.98 38.01% Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments 2,831,776.92 2,102,906.99 34.66% Capital Adequacy (%) 13.10 13.01 0.69% NPL (%) 1.02 1.20 -15.00% Cost of Fund (%) 3.51 4.70 -25.32% EPS (In Rs.) 24.92 26.33 -5.33% Net Worth per Share (In Rs.) 188.42 168.83 11.60% Qtr end PE Ratio (times) 14.04 - Qtr End Market Price 350 - -
Nepal Rastra Bank to Collect 30 Billion from Bank and Financial Institution Today
Nepal Rastra Bank (NRB) has announced that it will collect deposits worth Rs. 30 billion from banks and financial institutions through a bidding process today. According to a notice published today, the central bank will collect the deposits for a period of 179 days. The bidding will take place on Shrawan 11 (July 27) through the Online Bidding System at 3 Pm. The interest rate will be decided through the bidding process. The minimum amount for bidding has been set at Rs. 10 crore, while the maximum limit is (In multiples of) 5 Crore, up to the total issue amount. However, institutions can submit multiple bids within the total announced amount. Only licensed ‘A’, ‘B’, and ‘C’ class banks and financial institutions approved by NRB are allowed to take part in the bidding. The deposits collected will be returned along with interest on Magh 8, 2083 (January 22, 2026).
Nepal’s Electricity Demand Reaches 73,629 MWh as NEA Exports Surplus Power
Nepal’s total electricity demand has reached 73,629 megawatt-hours (MWh), while the country has continued exporting surplus electricity during the monsoon season. According to the Nepal Electricity Authority (NEA), Nepal is currently not importing electricity from India. Instead, the country is exporting a total of 22,102 MWh of electricity as domestic power generation exceeds demand during the monsoon season. Private energy producers are currently contributing 47,563 MWh of electricity to the national power system, making them the largest source of electricity supply. Similarly, NEA subsidiary companies are generating 17,108 MWh, while 8,959 MWh of electricity is being generated from projects directly owned by the NEA. The figures reflect the increased availability of electricity during the monsoon season, when river and stream levels rise, and hydropower plants operate at higher capacity. The NEA has reported that electricity demand during the evening peak period has reached 3,248 MWh. Despite continuous rainfall across various parts of the country, the authority has stated that electricity supply has remained uninterrupted nationwide. The NEA has also kept technical personnel on standby to respond promptly to any power disruptions and carry out necessary maintenance. Maintenance teams have been placed on round-the-clock standby at all seven provincial offices as well as in Kathmandu. The authority said the teams are prepared to immediately mobilise in the event of any technical fault or disruption to the electricity supply.
Ridge Line Energy Limited: 71,100 Mutual Fund Shares to Unlock on Bhadra 13, Signaling Potential Market Movement
Kathmandu, Nepal – Ridge Line Energy Limited (RLEL) has officially announced that the lock-in period for 71,100 ordinary shares, previously allocated to various mutual funds, is set to expire on the 13th of Bhadra, 2083. This development marks a significant point for the company's stock, as these shares will become freely tradable on the Nepal Stock Exchange (NEPSE) from the specified date. Investors and market observers are now keenly watching to understand the potential implications of this increased supply on RLEL's share price and overall market dynamics. The lock-in period is a standard regulatory mechanism, typically imposed for a specific duration following an Initial Public Offering (IPO) or a fresh issuance of shares. Its primary purpose is to prevent immediate selling by initial investors, such as promoters, employees, or institutional investors like mutual funds, thereby fostering price stability and demonstrating long-term commitment to the company. In the case of RLEL, 5% of its total issued capital, amounting to 71,100 units out of 1,422,000 ordinary shares, were earmarked for mutual funds. These shares were subject to a mandatory six-month lock-in period, which is now drawing to a close. Ridge Line Energy Limited boasts an issued capital of NPR 1.18 billion (Rs. 1.18 Arba). The release of these 71,100 shares, while a relatively small fraction of the total outstanding shares, could still introduce a notable increase in the floating stock available for trading. For mutual funds, the expiry of the lock-in period provides them with the flexibility to either hold onto their investment, reflecting continued confidence in RLEL's future prospects, or to divest their holdings to realize gains or rebalance their portfolios. Their decision will undoubtedly influence market sentiment surrounding RLEL. For individual investors, this event presents both opportunities and potential risks. An increase in the supply of shares on the market could, in theory, exert downward pressure on the stock price, especially if a significant portion of the mutual funds decide to sell. Conversely, if mutual funds choose to retain their shares, or if there is strong buying interest from other investors, the impact might be minimal or even positive, signaling institutional endorsement. Investors are advised to closely monitor RLEL's trading volume and price movements in the days leading up to and immediately following Bhadra 13. Furthermore, this development prompts a broader consideration of RLEL's fundamentals. As a company in the energy sector, particularly hydropower, its performance is often tied to project development, operational efficiency, and regulatory environment. Investors should delve into RLEL's recent financial reports, project updates, and future growth strategies to make informed decisions. The release of these shares is a routine event in the lifecycle of a publicly traded company, but its impact is always contingent on prevailing market conditions and the specific actions of the institutional holders. In conclusion, the impending expiry of the lock-in period for Ridge Line Energy Limited's mutual fund shares is a key event for the NEPSE market. It underscores the dynamic nature of stock trading and the importance of understanding regulatory frameworks. While the immediate impact remains to be seen, it serves as a timely reminder for investors to conduct thorough due diligence and stay abreast of corporate announcements to navigate the market effectively. The coming weeks will reveal how the market absorbs this new supply and what it means for RLEL's valuation.
Eroded Capital, Elevated Prices: Where Is the Real Value Hiding in NEPSE?
An analysis of 278 listed companies, prices (average) as of 16–17 July 2026, and other indicators for the 3rd Quarter of FY 2082-83 Walk into any tea shop in Nepal these days, and someone is talking about shares. Which hydropower IPO is opening, which stock doubled last month, which symbol to buy before Sunday. But the exchange's own data tells a quieter, more uncomfortable story: in one out of every five listed companies, the shareholders' original money has already been partly eaten, and the market is paying premium prices for it anyway. Meanwhile, the most profitable, most regulated companies in the country sit ignored at throwaway valuations. This article walks through that paradox using nothing but publicly available numbers and two ideas simple enough to explain over tea. Two ideas, explained over tea Net worth per share (book value): Imagine a company sold everything it owns today, paid off every loan, and split the leftover cash among shareholders. Each share's portion is its net worth per share. Nepali shares carry a face value of Rs 100, so if net worth per share has slipped below Rs 100, the company has lost part of the money investors originally put in. In finance-speak, the capital has been eroded. P/E ratio: How many years of the company's current profit are you paying for one share? A P/E of 15 means 15 years of earnings. Globally, 15–25 is normal. A P/E of 100 means you are paying for a century of today's profit, pure faith in a very different tomorrow. Hold these two ideas. The entire market becomes readable. Finding No. 1: 61 companies have eaten shareholders' money and still trade like winners Of 269 companies reporting net worth, 61, more than one in five, have net worth per share below the Rs 100 face value. Two are negative: liabilities exceed everything they own. Erosion alone is not a scandal. A young hydropower plant burns money before its turbines earn. The scandal is the price tag: 40 of the 61 eroded companies trade above Rs 300, and 15 trade above Rs 500. Their median price is about Rs 341, three and a half times the face value that is already partly gone. Where measurable, they trade at a median of 4.7 times book value. Table 1: Weak on the inside, expensive on the outside Company Symbol Sector Net worth/share (Rs) Price (Rs) EPS (Rs) Menchhiyam Hydropower MCHL Hydro −23.87 285 0.93 Janaki Finance JFL Finance −6.46 386 −4.21 Dibyashwori Hydropower DHPL Hydro 5.06 282 2.92 Narayani Dev. Bank NABBC Dev. Bank 39.19 825 −10.98 Upper Tamakoshi UPPER Hydro 46.69 197 1.81 Barahi Hydropower BHPL Hydro 50.03 479 −0.59 Shiva Shree Hydropower SSHL Hydro 54.59 204 −311.00 Modi Energy MEL Hydro 58.62 223 −3.11 Read the first row twice. Menchhiyam's net worth per share is minus Rs 24 on paper; shareholder capital is more than fully wiped out, yet the share changes hands near Rs 285. Narayani Development Bank has lost two-thirds of its capital, is losing Rs 9.48 per share every year, and trades above Rs 825. What are buyers paying for? Hope. Hope of full generation, of a rights issue, of a merger, of a greater fool next month. Hope is not always wrong, but it should be priced like hope, not like certainty. Finding No. 2: The market's median price is 54 years of profit Across 226 companies with a valid ratio, the median P/E is about 54, double or triple what the world calls normal. Sixty companies trade above 100 times earnings; the champion, Kalinchock Hydropower, trades above 3,300 times. The market's median price-to-book is 4.5. And 45 companies (17%) are currently loss-making, more than half of them in hydropower. Now look at where the cheapness and the expensiveness actually live: Table 2: What each sector really costs Sector Companies Median P/E Median P/B Loss-makers Commercial Banks 19 18.7 1.4 0 Development Banks 16 26.9 2.7 3 Manufacturing 17 46.6 4.8 3 Microfinance 50 46.6 5.7 1 Life Insurance 14 57.1 3.8 0 Hydro Power 110 64.0 4.3 24 Finance 13 67.6 4.0 3 Investment 7 93.3 9.4 1 Non-Life Insurance 13 107.6 3.0 1 Hotels & Tourism 8 — 7.3 6 Hotels & tourism has too few profitable companies for a meaningful median P/E; six of its eight companies are loss-making. Chart 1: Median P/E by sector, commercial banks are the outlier Why should a high P/E worry you? Because it quietly decides your returns before you even buy. Think of it this way: if you pay Rs 100 for a share of a company earning Rs 2 per share (a P/E of 50), the company is generating just 2% a year on your money, less than half of what a fixed deposit pays, with far more risk attached. For that trade to make sense, the company's profit must grow dramatically, year after year, without fail. If growth merely turns out to be ordinary, the price has only one direction to travel. This is the trap of high-P/E markets: the danger is invisible on the way up, because rising prices feel like proof that everything is fine. But a stock bought at 54 times earnings does not need bad news to fall; it only needs the good news to stop. And when many investors have paid such prices with borrowed money, a small disappointment in one corner of the market can turn into selling pressure everywhere. High P/E, in short, is not a prediction of a crash; it is a measure of how little room the market has left itself for anything to go wrong. Table 3: The ten most expensive shares on NEPSE — priced for a miracle Company Symbol Sector Price (Rs) EPS (Rs) P/E Return on your money* Kalinchock Hydropower KHPL Hydro 963 0.29 3,321 0.03% Hathway Investment Nepal HATHY Investment 706 0.95 936 0.11% Shreenagar Agritech SAIL Manufacturing 916 1.64 588 0.17% Dolti Power DOLTI Hydro 331 0.83 578 0.17% Multipurpose Finance MPFL Finance 595 1.16 577 0.17% Crest Micro Life Insurance CREST Life Insurance 1,200 2.15 565 0.18% Guardian Micro Life Insurance GMLI Life Insurance 1,205 2.59 475 0.21% Pure Energy PURE Others 838 1.95 466 0.21% SY Panel Nepal SYPNL Manufacturing 1,318 3.08 434 0.23% Menchhiyam Hydropower MCHL Hydro 285 0.93 423 0.24% *Earnings yield: the company's current annual profit as a percentage of the price you pay. For comparison, a bank fixed deposit pays around 5–6%. Look at the first row, because it is the honest one. Kalinchock Hydropower earns 29 paisa per share per year, yet trades at Rs 963; at that pace, the company's profit would need over three thousand years to return your investment. Crest and Guardian, both micro life insurers, sell above Rs 1,200 while earning barely Rs 2–3 per share. Buyers of these shares are earning a 0.03–0.24% return on their money from the business itself, one-twentieth of a humble fixed deposit and betting everything on the price rising further or profits multiplying fifty-fold. To be fair, some of these are young companies whose annualised EPS understates a normal year, and a few may genuinely grow into their prices. But that defence has limits: when ten companies across five different sectors, hydro, insurance, finance, manufacturing, investment, all trade above 400 times earnings simultaneously, the explanation is no longer hidden potential in each company. It is the mood of the market itself. These prices are not valuations; they are votes of faith, cast mostly with other people's example as evidence. And faith-based prices share one property: they hold perfectly right up until the moment everyone asks the same question at once. Notice, too, that Menchhiyam and Dolti appear both here and in Table 1: the same companies are simultaneously among the market's most expensive and its weakest. Finding No. 3: The market is now worth 70 paisa of every rupee Nepal produces On 17 July 2026, NEPSE's total market capitalization, every listed share at market price, stood at Rs 4,600,568.5 million: Rs 4.6 trillion. Nepal's GDP for FY 2082/83 (2025/26), per the National Statistics Office's preliminary estimate, is roughly Rs 6,600 billion. Divide one by the other, and you get the ratio Warren Buffett famously called the best single measure of market valuation: Rs 4,600.6 billion ÷ Rs 6,600 billion ≈ 70% The stock market is now priced at seventy paisa for every rupee the entire country produces in a year, every sack of rice, every hotel bed, every remittance included. Chart 2: NEPSE market cap against GDP, in the caution zone Is 70% a lot? Mature markets like India or the USA run above 100%, but there, the market contains the economy: technology, energy, retail, agriculture giants, everything. Nepal's market does not. Agriculture, about a quarter of GDP, has essentially no listing. Remittances, the engine of household income, are not listed. Trade, transport, construction: barely represented. NEPSE is essentially banks, insurance, microfinance and hydropower. So, a market that mirrors only a slice of the economy is valued at 70% of the whole economy. Comparable frontier markets in South Asia typically sit at 10–25%. Nepal's own comfort zone before 2020 was 30–50%. The last time this ratio raced toward 100%, the 2021 bull run, a long, painful correction followed. Seventy percent is not that peak. But it is the neighbourhood where caution, not euphoria, should be the default mood. Finding No. 4: The value is hiding in the most boring corner of the market Here is the irony of NEPSE in 2026. The sector with the strongest profits, the tightest regulation by Nepal Rastra Bank, decades of dividends, and zero loss-making companies is also the cheapest sector on the entire exchange: commercial banks, median P/E 18.7, median price-to-book 1.4. In fact, only three companies in the whole market trade below their own net worth per share, and two are commercial banks. Table 4: The only three shares priced below their own wealth Company Symbol Price (Rs) Net worth/share (Rs) P/E Nepal Lube Oil NLO 269 559 3.5 Nepal Bank NBL 262 273 11.0 Nepal Investment Mega Bank NIMB 195 200 17.1 Nepal Lube Oil is the market's strangest sight: it earns Rs 78 per share a year, its net worth is Rs 559 per share, and it sells for Rs 269. Less than half its book value, at 3.5 times earnings, in a market where loss-makers fetch four times book. (An anomaly this extreme also deserves homework; thin trading volume or governance issues can keep a cheap stock cheap.) Widen the filter to “profitable and priced under 20 times earnings” and only 18 of 278 companies qualify, ten of them commercial banks: Table 5: The cheapest profitable companies on NEPSE (P/E < 20) Company Symbol Sector Price (Rs) EPS (Rs) P/E P/B Nepal Lube Oil NLO Manufacturing 269 78.19 3.5 0.48 Kumari Bank KBL Comm. Bank 217 21.24 10.8 1.44 Nepal Bank NBL Comm. Bank 262 25.34 11.0 1.02 Prime Commercial Bank PCBL Comm. Bank 235 19.66 12.5 1.43 NMB Bank NMB Comm. Bank 238 16.87 14.7 1.41 Global IME Bank GBIME Comm. Bank 240 15.40 15.5 1.33 Machhapuchhre Bank MBL Comm. Bank 252 15.65 16.1 1.50 Sanima Bank SANIMA Comm. Bank 358 21.45 16.3 1.80 Nabil Bank NABIL Comm. Bank 542 31.36 16.9 2.18 Nepal Investment Mega Bank NIMB Comm. Bank 195 12.29 17.1 1.05 Garima Bikas Bank GBBL Dev. Bank 399 23.21 17.8 2.46 Sahas Urja SAHAS Hydro 653 34.48 18.1 3.53 Nepal Telecom NTC Others 859 46.47 18.3 1.55 Citizens Bank CZBIL Comm. Bank 196 11.23 18.7 1.35 Deprosc Laghubitta DDBL Microfinance 850 44.13 19.1 3.96 Jyoti Bikas Bank JBBL Dev. Bank 340 19.09 19.4 2.27 Grameen Bikas Laghubitta GBLBS Microfinance 731 40.00 19.6 2.66 Shine Resunga Dev. Bank SHINE Dev. Bank 405 20.93 19.7 2.70 Even Nepal Telecom, one of the country's steadiest profit machines, earning Rs 46 per share, sits quietly at 18 times earnings while tiny loss-making companies trade at ten times book. The price-to-book ratio tells the same story from a different door, and it may be the scarier version. If P/E asks “how many years of profit am I paying for?”, P/B asks something even more basic: “how many rupees am I paying for each rupee the company actually has?” A P/B of 1 means you pay exactly what the company is worth on paper; anything above it is a premium you pay for its future. On NEPSE today, that premium has lost all sense of proportion. Of 251 companies with a measurable ratio, 204, four out of every five, trade above three times their book value, 102 trade above five times, and 21 trade above ten times. Exactly one company in the whole market sells below its own worth. Most telling of all: 27 companies that are currently losing money still command more than three times book, investors paying triple for capital that is actively shrinking. The champion is Dibyashwori Hydropower at nearly 61 times book value: its entire net worth is about Rs 5 per share, yet the market pays Rs 282 for it. Why does this matter? Because book value is the floor a shareholder stands on when things go wrong. When a company stumbles, its price does not fall to zero; it falls toward its book value. A market standing at 4.5 times book has, quite simply, built its house four and a half floors above the ground. High P/B does not tell you when the fall comes; it tells you how far down the ground is. Table 6: The ten most expensive shares relative to their own wealth (highest P/B) Company Symbol Sector Price (Rs) Net worth/share (Rs) P/B EPS (Rs) Dibyashwori Hydropower DHPL Hydro 282 5.06 60.9 2.92 Soaltee Hotel SHL Hotels 497 26.73 19.0 6.25 Bhujung Hydropower BJHL Hydro 726 88.82 14.0 −2.44 Sagar Distillery SAGAR Manufacturing 1,680 127.08 13.5 −6.49 Aatmanirbhar Laghubitta ANLB Microfinance 6,262 484.74 13.3 82.49 Hathway Investment Nepal HATHY Investment 706 67.44 13.2 0.95 Corporate Development Bank CORBL Dev. Bank 1,529 139.27 13.1 12.26 Kutheli Bukhari Hydropower KBSH Hydro 1,218 130.20 12.9 9.93 Jhapa Energy JHAPA Others 1,095 102.36 12.8 5.63 SY Panel Nepal SYPNL Manufacturing 1,318 108.94 12.3 3.08 Read this table alongside the P/E table, and a pattern emerges: Hathway and SY Panel appear on both lists, expensive by every measure at once, while Bhujung and Sagar Distillery trade at 13–14 times book while actively losing money. Notice also who is absent: not a single commercial bank appears here. The premium is concentrated precisely where the earnings are thinnest. Why the whole country should care, not just traders? At Rs 4.6 trillion, NEPSE is no longer a casino sealed off from daily life. Its excesses now touch the economy through four doors. Household savings: Millions of demat accounts from every district mean a large chunk of national savings is riding on 54-times-earnings hope. If valuations normalise, families far beyond Kathmandu's trading rooms feel poorer and poorer-feeling people spend less at shops, restaurants, and land offices. Bank credit: Banks lend against shares as collateral. Rising prices make margin loans feel safe, pulling more money into the market, a loop. If prices fall hard, collateral shrinks, margin calls hit, and banks tighten lending to everyone, including genuine businesses. A stock problem quietly becomes a credit problem. Capital allocation: To NEPSE's credit, IPOs have genuinely financed dozens of hydropower projects with ordinary Nepalis' savings; electricity is now one of the fastest-growing pieces of GDP. That is the market doing its job. But the secondary market mostly chases existing shares of weak companies: rupees spent bidding a loss-maker from Rs 300 to Rs 500 build no turbine and hire no worker. The liquidity mirage: With inflation subdued, interest rates low, and remittances strong, surplus money in the banking system has few exciting homes, and it has found NEPSE. Today's market strength reflects liquidity searching for returns as much as company performance. An economy growing near 4% cannot forever justify a market priced at 54 years of median earnings. Either the economy speeds up dramatically, or the market eventually slows down. What an ordinary investor should do with all this Check three numbers before any buy: net worth per share (above Rs 100?), EPS (actually earning?), and P/E (how many years of profit?). Two minutes on the NEPSE website would have flagged every company in Table 1. Treat capital erosion as a warning light, not a death sentence, but ask whether the price already assumes the best possible future that hasn't arrived yet. Remember that cheap-and-boring has historically beaten exciting-and-expensive. Today's excitement is concentrated where the losses are; today's profits are concentrated where nobody is looking. That gap never stays open forever: either the weak get cheaper, or the ignored catch up. Diversify, and stay humble. No single ratio tells everything; a cheap bank may hide bad loans; a loss-making hydro may become a giant. But a portfolio built on real earnings and intact capital starts the race several steps ahead. The bottom lines Nepal's share market is paying premium prices for eroded capital and discount prices for solid earnings, while ballooning to 70% of the nation's GDP on the back of a narrow slice of the real economy. The last visit to this neighbourhood ended in a multi-year correction. Markets reward patience and punish fashion, eventually. The numbers above suggest which side of that trade an ordinary Nepali investor, and the country itself, might want to be on. Disclaimer This article is for informational and educational purposes only and reflects the author's personal analysis of publicly available NEPSE data as of 16–17 July 2026. It is not investment advice or a recommendation to buy, sell, or hold any security. The author is not a licensed investment advisor and does not guarantee the accuracy or completeness of data, which may contain errors at source. Companies are named solely as factual illustrations, without intent to disparage or predict performance. Investing involves risk of loss; readers are solely responsible for their decisions and should consult a licensed advisor. The author accepts no liability for losses arising from this article. By: CA. Tej Prakash Dixit
Nagdhunga - Sisnekhola Tunnel Inaugurated, Open Initially to Emergency Vehicles
The Nagdhunga - Sisnekhola tunnel was officially inaugurated today (27 July 2026) by Infrastructure Development Minister Sunil Lamsal. During this initial stage, entry through the tunnel is strictly limited to emergency and essential vehicles, such as ambulances and fire engines. According to project officials, no tolls or fees will be charged for using the tunnel during its trial testing period. Once regular full scale operations begin, vehicle tolls will range between 60 rupees and 600 rupees, depending on the size and type of the vehicle. Certain restrictions will remain in place to ensure safety and smooth traffic flow. Two wheelers like motorcycles, as well as pedestrians, will not be permitted to use the tunnel.
Gold Price Goes Up; Check Today's Trading Rate
Gold prices have witnessed a moderate gain in the domestic market today, gaining by Rs. 1400 per tola to settle at Rs. 288,500 per tola, up from the previous rate of Rs. 287,100 per tola. The Federation of Nepal Gold and Silver Dealers' Association (FENEGOSIDA) reported that Tejabi gold price also rose by Rs. 1400 per tola to reach Rs. 287,800 per tola, compared to Rs. 286,400 per tola on the previous day. Similarly, silver prices moved in the same direction, rising by Rs. 35 per tola to Rs. 4,445 per tola from Rs. 4,410 per tola on the previous day.
NEPSE Pre-Open Session Sees Significant Dip, Signaling Bearish Start to the Week
The Nepal Stock Exchange (NEPSE) commenced the trading week on a cautious note, with its pre-open session witnessing a notable decline. On the first trading day of the week, the NEPSE index shed 18.19 points, settling at 2716.41. This downturn marks a significant shift from the previous trading session last Friday, where the index had closed positively, gaining 7.88 points to reach 2734.60. The Sensitive Index, which tracks the performance of 'A' class companies, also mirrored this sentiment, dropping by 4.07 points in the pre-open session. The pre-open session, often considered a crucial barometer for the day's market sentiment, saw a total of 124,418 units of shares traded across 115 transactions involving 67 different stocks. The total turnover generated during this brief window amounted to NPR 6,789,253.42. A closer look at the individual stock performance reveals a predominantly bearish trend: while 20 stocks managed to register gains, a larger proportion of 42 stocks experienced a decline in their prices. The remaining 5 stocks maintained their previous closing prices, indicating stability amidst the broader market movement. This early dip in the NEPSE index suggests a potential shift in investor sentiment as the market opens for the week. While the pre-open session's volume and turnover are typically lower than the main trading hours, the direction it sets often influences the broader market's trajectory for the day. Investors will be keenly observing the main trading session to ascertain if this initial bearish momentum persists or if the market finds support later in the day. Factors such as profit-booking after previous gains, prevailing liquidity conditions in the banking system, or any new macroeconomic indicators could be contributing to this cautious start. For investors, such pre-open movements highlight the importance of staying informed and agile. A significant number of declining stocks compared to gaining ones indicates that selling pressure might be building up. While it's too early to draw definitive conclusions for the entire week, the pre-open session's performance serves as a vital early warning signal. Market participants will be looking for clearer trends and volume confirmation during the regular trading hours to make informed decisions. This initial setback underscores the dynamic nature of the NEPSE market and the need for continuous monitoring of both domestic and international economic cues that might impact investor confidence.
Nepal Rastra Bank to Withdraw NPR 30 Billion in Liquidity to Stabilize Market
Nepal Rastra Bank (NRB), the central monetary authority, has announced its intention to withdraw a significant NPR 30 billion from the financial market. This strategic move, executed through a 179-day deposit collection instrument, aims to manage the prevailing excess liquidity within the banking system and maintain stability in interest rates. The central bank has invited bids from eligible 'A', 'B', and 'C' class banks and financial institutions to participate in this crucial open market operation. The decision to mop up liquidity comes as part of NRB's ongoing efforts to fine-tune the financial system. Excess liquidity, while seemingly beneficial, can lead to inflationary pressures and erratic interest rate fluctuations, potentially destabilizing the economy. By withdrawing funds, NRB effectively reduces the amount of money available for lending in the market, thereby influencing interbank rates and, subsequently, the broader lending and deposit rates offered by commercial banks. This mechanism is a standard tool in the central bank's arsenal, alongside other instruments like the Standing Deposit Facility (SDF), to achieve its monetary policy objectives. The bidding process for this 179-day deposit collection instrument is scheduled for today, Monday, via an online purchase system. The interest rate for these deposits will be determined through a competitive bidding process, where participating financial institutions will quote their desired rates. NRB's policy dictates that allocations will prioritize bids offering the lowest interest rates, ensuring cost-effectiveness for the central bank while effectively absorbing the targeted liquidity. The principal amount and accrued interest for these deposits are slated for repayment on Magh 8, 2083 BS (approximately January 21, 2027). Participation in the bidding is restricted to financial institutions licensed by NRB, specifically commercial banks, development banks, and finance companies. The minimum bid amount has been set at NPR 100 million, with subsequent bids required to be in multiples of NPR 50 million, up to the total invited amount. This structured approach ensures broad participation while maintaining an organized bidding environment. According to NRB's open market operations procedure, the central bank is empowered to utilize long-term deposit collection instruments for up to six months under structural open market operations whenever long-term excess liquidity is identified in the financial market. This provision allows the Transaction Operations Committee to proactively manage market interest rates and address systemic liquidity imbalances. NRB has frequently leveraged this framework to maintain financial stability, demonstrating its commitment to a balanced and predictable monetary environment. For investors, this action by NRB signals a continued focus on monetary discipline. While a reduction in liquidity might slightly tighten credit conditions in the short term, it ultimately contributes to a healthier economic environment by curbing inflation and fostering stable interest rates. This stability is crucial for long-term investment planning and overall economic growth. Financial institutions, in turn, will need to adjust their liquidity management strategies, potentially impacting their short-term investment decisions and interbank market activities. The move underscores NRB's vigilant approach to macroeconomic management, aiming to create a conducive environment for sustainable economic development in Nepal.
Sanima Bank Reports Robust Q4 Performance, Net Profit Surges by 38%
Sanima Bank Limited (SANIMA) has unveiled its unaudited financial results for the fourth quarter of the last fiscal year (FY 2079/80), showcasing a significant improvement across key financial indicators. The report highlights a substantial increase in core income, net profit, and an enhanced capacity for dividend distribution, positioning the bank favorably for its shareholders. **Strong Profitability Growth:** The bank recorded a net profit of NPR 3.55 billion by the end of FY 2079/80. This represents an impressive 38.01% surge compared to the NPR 2.57 billion achieved in the corresponding period of the previous fiscal year. This robust growth in net profit underscores the bank's effective operational strategies and strong financial management. **Key Income Streams Bolstered:** Sanima Bank's net interest income, a crucial measure of its core lending operations, expanded from NPR 6.35 billion in the prior fiscal year to NPR 6.96 billion. This upward trend indicates healthy growth in its loan portfolio and efficient management of interest-earning assets. Furthermore, the bank's net fee and commission income also saw a positive trajectory, rising to NPR 1.32 billion from NPR 1.19 billion in the previous year. This diversification of income sources contributes to the bank's overall financial resilience. The operational efficiency is further reflected in the operating profit, which climbed from NPR 3.57 billion to a commendable NPR 5.16 billion, demonstrating improved cost management and revenue generation capabilities. **Enhanced Dividend Potential:** A key takeaway for investors is the significant enhancement in the bank's dividend-paying capacity. Following regulatory adjustments, the distributable profit as of Ashar end (mid-July) reached NPR 2.83 billion, a notable increase from NPR 2.10 billion in the previous fiscal year. This translates to a distributable profit per share of NPR 20.85 based on the current paid-up capital, providing a strong foundation for attractive dividend payouts to shareholders. This metric is particularly appealing to investors seeking consistent returns. **Balance Sheet Expansion:** Sanima Bank also demonstrated considerable growth in its business scale. The bank's paid-up capital, including 8.25% irredeemable non-cumulative preference shares, stands at NPR 15.58 billion (NPR 15,581,525,414). Total deposits witnessed a healthy increase, growing from NPR 223 billion to NPR 249 billion, reflecting strong public trust and effective deposit mobilization strategies. Concurrently, loans extended to customers expanded from NPR 176 billion to NPR 195 billion, indicating a growing demand for credit and the bank's active participation in economic development. Consequently, the bank's total asset base swelled to NPR 291 billion, signifying overall balance sheet strength and expansion. **Improved Asset Quality and Future Outlook:** In terms of asset quality, the bank showed commendable improvement in risk management. Non-performing loans (NPLs) decreased from 3.01% to 2.87%, while net non-performing loans were brought down to 1.02%. This reduction in NPLs is a positive sign, indicating effective credit assessment and recovery mechanisms. Despite these strong results, the bank acknowledges several challenges, including a declining interest rate spread (currently at 3.39%), a generally sluggish business environment, and the ongoing imperative for digital transformation. To navigate these challenges and ensure sustainable growth, Sanima Bank has outlined strategic priorities. These include expanding its digital services, optimizing its deposit mix, and implementing effective loan recovery strategies. By focusing on these areas, Sanima Bank aims to solidify its market position and continue delivering value to its stakeholders in the evolving financial landscape.
Sunsari Imposes Indefinite Curfew Following Fatal Clash, Raising Concerns for Regional Stability
The Sunsari district in eastern Nepal has been placed under an indefinite curfew following a tragic incident in Dewanganj where one individual died from a police bullet during efforts to control a clash. The District Administration Office of Sunsari announced the imposition of the curfew across several key areas, effective from 7 AM until further notice, underscoring the gravity of the situation and the immediate need to restore public order. The areas specifically affected by the curfew include the bustling market zones of Harinagar, Bhutaha, Kaptanganj, Ghuski, and Dewanganj. These regions are vital hubs for local commerce and daily activities, and the imposition of such a restrictive measure is expected to significantly disrupt the lives of residents and the operations of local businesses. The immediate cessation of normal economic activities in these areas will undoubtedly impact daily wage earners, small traders, and local service providers, leading to a temporary but significant economic slowdown in the affected localities. The incident that precipitated the curfew occurred late last night, around 10:30 PM, in Kaptanganj, Dewanganj Rural Municipality-3. Police intervened to quell a violent confrontation between two groups, during which shots were fired. Tragically, a 30-year-old resident, identified as Maheta from the same ward, succumbed to a police bullet. The clash also resulted in a significant number of injuries, with 18 individuals reportedly wounded, including nine police officers, highlighting the intensity and volatile nature of the confrontation. The precise cause and instigators of the initial clash are under investigation, and authorities are working to de-escalate tensions and prevent further violence. For investors and businesses operating or considering investments in the Sunsari region, such events introduce an element of uncertainty and risk. While the immediate focus is on restoring peace and ensuring public safety, prolonged civil unrest can have tangible economic repercussions. Local markets, which rely heavily on daily foot traffic and the smooth flow of goods, will undoubtedly experience a downturn. Small and medium-sized enterprises (SMEs) in the affected areas face immediate losses due to forced closures and reduced economic activity, potentially impacting their short-term viability and cash flow. Furthermore, disruptions to transportation and supply chains, even localized ones, can ripple through the regional economy. Businesses dependent on the movement of raw materials or finished products through these areas may face delays and increased operational costs. From a broader economic perspective, sustained instability can erode investor confidence, making the region less attractive for new capital injection and hindering long-term development initiatives. The perception of a stable and secure environment is paramount for fostering economic growth and attracting both domestic and foreign investment. Any prolonged period of unrest could deter future projects and impact existing ventures' profitability. The Sunsari District Administration Office is tasked with the critical responsibility of managing the situation, ensuring law and order, and facilitating a return to normalcy. The effectiveness and speed with which peace is restored will be crucial in mitigating the economic fallout and reassuring the public and business community. Stakeholders will be closely monitoring developments, hoping for a swift resolution that prioritizes dialogue and community engagement to address underlying tensions, thereby safeguarding the region's economic prospects. This incident serves as a stark reminder of how social stability is intricately linked to economic well-being, even in specific geographical pockets. While the immediate impact might be localized, the broader implications for investor sentiment and regional development warrant careful observation.
Nepal's Silver Market: From Unprecedented Boom to Sudden Bust – A Deep Dive into Investor Sentiment and Economic Impact
The Nepali economy witnessed a remarkable phenomenon in the past fiscal year, as the "white metal," silver, experienced an unprecedented surge in demand, only to see its "craze" abruptly halt. This dramatic shift offers valuable insights into investor behavior, market dynamics, and the broader economic landscape. The narrative began when gold prices soared to an historic high of NPR 340,000 per tola, pushing the precious yellow metal beyond the reach of the average citizen. In response, a significant portion of the population turned their attention to silver, perceiving it as a more accessible and secure alternative for both investment and ceremonial jewelry. This newfound fascination with silver was palpable across the nation. From the bustling streets of New Road in Kathmandu to the main markets of provincial cities, long queues of eager customers became a common sight outside jewelry stores. The demand was so intense that shops, which previously struggled to sell a few kilograms of silver monthly, began reporting daily sales of 10 to 20 kilograms. This surge was largely driven by a psychological effect: the belief that investing in physical metal offered greater security than traditional bank savings. A testament to this extraordinary demand was the performance of a single entity, Himalayan Bullion, which alone facilitated silver transactions worth an astounding NPR 9.78 billion within a mere nine-month period, astonishing market observers. Analyzing the import data from the Department of Customs for Fiscal Year 2082/83 reveals the fascinating trajectory of silver's journey. The import graph illustrates a rapid escalation, starting modestly in Shrawan (July-August) with 1,620 kilograms. By Bhadra (August-September), imports had surged by an impressive 180% to 4,540 kilograms, signaling the market's awakening. The festive season of Dashain and Tihar in Ashoj (September-October) further fueled this growth, with imports climbing another 184% to exceed 12,910 kilograms. The peak was reached in Magh (January-February), a period synonymous with the wedding season and heightened investment activity, where an all-time high of 22,790 kilograms (over 22 tons) of silver was imported, valued at more than NPR 9.13 billion. This period truly represented a "golden era" for the silver market. Comparing these figures with the preceding fiscal year (2081/82) underscores the sheer magnitude of this boom. In terms of quantity, total silver imports for FY 2082/83 reached 104,290 kilograms, a staggering 108.36% increase from the 50,053 kilograms imported in FY 2081/82. Even more striking was the increase in value: from NPR 7.02 billion in FY 2081/82, the import value skyrocketed by 366.11% to NPR 32.74 billion in FY 2082/83. However, the momentum that carried silver to its peak in Magh began to wane dramatically from Falgun (February-March) onwards. Imports plummeted to 9,765 kilograms in Falgun, further dropping to 4,457 kilograms in Chaitra (March-April). By Baisakh (April-May), the market hit its lowest point, with imports shrinking to a mere 1,322 kilograms, representing a 70% decline from the previous month. Several factors contributed to this abrupt slowdown. The primary reason was the significant volatility and subsequent decline in international silver prices, which instilled fear among investors. The psychological impact of falling prices led to a "wait and see" approach, with many fearing further drops and halting new investments. Additionally, the intense buying spree from Ashoj to Magh meant that many individuals had already fulfilled their immediate needs and investment capacities, leading to a natural saturation of demand in subsequent months. Culturally, Nepal's silver consumption is not uniform throughout the year. Data consistently points to the five-month period from Ashoj to Magh as the primary season. This is largely due to major festivals like Dashain and Tihar, particularly 'Dhanteras,' where purchasing silver coins and idols is considered auspicious, symbolizing the welcoming of prosperity. Furthermore, the months of Mangsir, Poush, and Magh are peak wedding seasons in Nepal. With gold prices remaining prohibitively high, silver has increasingly become the preferred choice for dowries, gifts, and bridal jewelry, directly contributing to the peak demand observed in Magh. Despite the market's eventual slowdown and the outflow of foreign currency for imports, the silver boom proved to be a significant boon for the government's coffers. Revenue generated from silver imports saw a substantial increase. In FY 2081/82, the government collected NPR 76.46 million from silver. This figure surged to an impressive NPR 3.34 billion in FY 2082/83, marking a remarkable 337.13% increase in revenue collection from silver imports alone. Currently, the silver market has returned to a more normalized rhythm, settling after the "mania" of Magh and the "emptiness" of Baisakh. This period has served as a crucial learning experience for Nepali investors, who are now demonstrating greater awareness of the inherent volatility and dynamics of the metal market, moving beyond traditional savings approaches. While the demand for silver is unlikely to vanish entirely, especially with gold prices remaining elevated, a return to the frenzied buying witnessed in Magh would likely require either a further substantial increase in gold prices or a significant drop in silver prices followed by a clear indication of future appreciation. In essence, Fiscal Year 2082/83 stands as a historic chapter for Nepal's silver market, delivering billions in state revenue while imparting invaluable lessons to investors about the transient nature of speculative market trends.
Nepal's Nagdhunga Tunnel Road Officially Opens, Ushering in a New Era of Connectivity and Efficiency
The long-awaited Nagdhunga Tunnel Road Project is officially commencing operations today, Monday, Shrawan 11 (July 26). This landmark infrastructure project, poised to revolutionize connectivity between Kathmandu and the rest of Nepal, marks a significant milestone in the nation's development journey. The formal inauguration ceremony, scheduled for 11 AM, will be graced by the Minister of Physical Infrastructure, Sunil Sharma, alongside the esteemed head of the Japan International Cooperation Agency (JICA), underscoring the collaborative spirit behind this ambitious undertaking. Stretching an impressive 2,680 meters, the tunnel connects Totepakha in Kathmandu to Sisnekhola in Dhading, offering a crucial alternative to the existing winding and often congested Prithvi Highway. This strategic bypass is expected to dramatically reduce travel time, enhance fuel efficiency, and alleviate traffic bottlenecks, thereby boosting economic activities and facilitating smoother movement of goods and people. While the project was formally inaugurated by then-Prime Minister K.P. Sharma Oli on Kartik 4, 2076 BS (October 21, 2019), its full operationalization today signifies the culmination of years of dedicated effort and international partnership. The construction of the Nagdhunga Tunnel Road was undertaken by the Japanese Hazama Ando JV, leveraging advanced engineering expertise. Originally targeted for completion within three and a half years, the project faced several delays, necessitating four extensions to its deadline. These challenges, often inherent in large-scale infrastructure projects, led to a significant cost overrun. Initially estimated at NPR 22 billion, the final cost has surpassed NPR 30 billion. The project's financing structure highlights a strong international collaboration, with JICA providing a substantial loan of NPR 22 billion, complemented by the Nepal Government's investment to cover the remaining expenses. Upon its initial opening, the tunnel will prioritize essential vehicles, with restrictions on motorcycles, petrol tankers, and gas bullets. This phased approach aims to ensure a smooth transition and optimal management of traffic flow. A modern toll collection system has been implemented to ensure efficiency and transparency. Users will be required to affix an N-Tag (RFID) sticker to their vehicles, linked to their respective bank accounts. As vehicles pass through the toll booths, the system will automatically deduct the applicable fee, promoting a cashless and streamlined experience. The toll structure has been meticulously designed, with separate charges for vehicles entering and exiting Kathmandu, reflecting the varying traffic patterns and economic considerations. For cars, vans, pickups, and jeeps, the toll will be NPR 65 for entry into Kathmandu and NPR 60 for exit. Minibuses, mini-tippers, and smaller trucks will incur a charge of NPR 115 for entry and NPR 80 for exit. Larger vehicles, including big buses and heavy trucks, will pay NPR 260 for entry and NPR 200 for exit. Multi-axle trucks and vehicles carrying heavy equipment will face the highest tolls, set at NPR 600 for entry and NPR 250 for exit. These differentiated rates aim to manage traffic volume and ensure equitable contribution towards the tunnel's maintenance and operational costs. The Nagdhunga Tunnel Road is more than just a passage; it represents a critical step towards modernizing Nepal's transportation infrastructure. Its operationalization is expected to have far-reaching economic benefits, from reducing logistical costs for businesses to enhancing tourism by making travel more convenient. For investors, this project signals Nepal's commitment to improving its foundational infrastructure, which is crucial for fostering a conducive environment for economic growth and attracting further investments in various sectors. The successful completion and opening of such a complex project, despite challenges, underscore the nation's growing capacity for large-scale development and its strategic vision for a more connected and prosperous future.
Nepal's International Trade Performance: Fiscal Year 2082/83 Review
Nepal recorded a total foreign trade volume of Rs. 2,411.66 billion in Fiscal Year (FY) 2082/83, representing a 15.88 percent increase compared to the previous fiscal year. Let us take a closer look at Nepal's international trade performance during the fiscal year. 1. Overall Trade Performance Nepal's total foreign trade volume reached Rs. 2,411.66 billion in FY 2082/83. Of this, imports amounted to Rs. 2,096.37 billion, marking a 16.20 percent increase compared to the previous fiscal year. On the other hand, exports totaled Rs. 315.29 billion, an increase of 13.81 percent from the previous fiscal year's export value. As a result, Nepal recorded a trade deficit of Rs. 1,781 billion, compared to Rs. 1,517 billion in the previous fiscal year. The share of exports in total trade declined by 1.79 percentage points to 13.07 percent, while the share of imports in total trade increased to 86.93 percent. 2. Imports During the review period, Nepal's imports increased by 16.20 percent, reaching Rs. 2,096.37 billion, up from Rs. 1,804 billion in the previous fiscal year. The following are the top five imported commodities by import value: 3. Exports During the review period, Nepal's exports increased by 13.81 percent, reaching Rs. 315.29 billion, compared to Rs. 277.03 billion in the previous fiscal year. The following are the top five exported commodities by export value: This growth was achieved despite ongoing global geopolitical uncertainty. One of the major contributing factors was the rise in global commodity prices caused by geopolitical tensions, which increased the monetary value of trade even when the physical volume of traded goods is not changed so much. Beside that internal politics and election has boosted fuels imports and other consumption in nation and other factors leads in spike in trade volume.
Nepal's Gold and Silver Markets Surge: A Deep Dive into Today's Price Movements and Investor Implications
Nepal's precious metals market experienced a notable upward trajectory today, with both gold and silver registering significant gains. This movement reflects a dynamic interplay of global and domestic factors, prompting investors and consumers alike to closely monitor the evolving landscape of commodity prices. Standard gold, often referred to as 'fine gold,' saw a substantial increase of Rs. 1,600 per tola, reaching a new trading benchmark of Rs. 287,100 per tola. This marks a considerable jump from its previous closing price of Rs. 285,500 per tola. Similarly, Tejabi gold, which is slightly less pure but widely traded, mirrored this upward trend, also climbing by Rs. 1,600 per tola to settle at Rs. 286,400 per tola, up from Rs. 284,800 per tola. The Federation of Nepal Gold and Silver Dealers' Association (FENEGOSIDA), the authoritative body for precious metals pricing in the country, confirmed these figures, underscoring the transparency and reliability of the reported rates. The surge wasn't limited to gold alone. Silver prices also followed suit, albeit with a more modest gain. The white metal appreciated by Rs. 60 per tola, bringing its trading value to Rs. 4,410 per tola, an increase from its prior rate of Rs. 4,350 per tola. These movements collectively indicate a renewed interest or underlying pressure driving up the value of precious metals in the domestic market. For investors, the consistent upward movement in gold prices often signals a flight to safety amidst economic uncertainties. Gold has historically served as a reliable hedge against inflation and currency devaluation. In a global economic climate characterized by fluctuating interest rates, geopolitical tensions, and inflationary pressures, investors frequently turn to gold as a store of value. The current domestic surge could be influenced by a combination of international spot price movements, a weakening Nepali Rupee against the US Dollar, or even increased local demand driven by upcoming festive seasons or a general sentiment of economic caution. The role of FENEGOSIDA is crucial in this context. By providing daily updates on gold and silver prices, the association ensures market transparency and helps both dealers and consumers make informed decisions. Their reported rates are the benchmark for transactions across the country, reflecting the intricate balance of supply and demand, import costs, and international market dynamics. From a broader economic perspective, rising gold prices can have several implications for Nepal. As a significant importer of gold, a sustained increase in prices translates to a higher import bill, potentially straining the nation's foreign exchange reserves. This could, in turn, impact the overall balance of payments and the stability of the Nepali Rupee. Conversely, for individuals holding gold, the appreciation enhances their asset value, though it simultaneously makes new purchases more expensive for the average consumer, particularly for jewelry. Looking ahead, the trajectory of gold and silver prices will continue to be influenced by a confluence of global macroeconomic indicators, central bank policies, and geopolitical events. Investors should remain vigilant, understanding that while precious metals offer a degree of stability, their prices are not immune to volatility. Diversification and a long-term perspective remain key strategies for navigating the complexities of the commodity market. The current upward trend serves as a pertinent reminder of gold's enduring appeal as a critical component of a well-rounded investment portfolio, especially in times when traditional financial markets face headwinds.
Nepal's Vital Kodari Highway Crippled for Over a Week: Ministerial Visit Highlights Economic Fallout and Public Frustration
The Kodari Highway, a critical artery connecting Nepal to China, has been completely obstructed for over ten days due to a series of landslides. This prolonged closure has not only severely disrupted transportation and daily life for local communities but also raised significant concerns about its broader economic implications for the region and the nation. The highway, also known as the Araniko Highway, serves as a vital trade route, facilitating the movement of goods and people between Nepal and its northern neighbor. Its current state of impassability underscores the persistent challenges Nepal faces in maintaining its mountainous infrastructure, particularly during the monsoon season. In response to the growing public outcry and the escalating economic impact, Minister for Physical Infrastructure Development Sunil Lamsal and Minister for Law, Justice, and Parliamentary Affairs Sobita Gautam conducted an on-site inspection of the affected areas. Their visit aimed to assess the ground reality of the blockage, understand the extent of the damage caused by the landslides, and review the efforts being made by various agencies to clear the road. During their inspection, the ministers engaged with local authorities and residents, gathering firsthand accounts of the difficulties faced by those living along the highway. Local residents, who have been bearing the brunt of the disruption, expressed their profound frustration and anger over the perceived lack of effective and timely action to reopen the road. They highlighted how the continuous blockage for more than a week has made daily life arduous, impacting access to essential services, markets, and educational institutions. The inability to transport goods has led to shortages and price hikes in local markets, further exacerbating the economic strain on households and small businesses. Their collective demand for immediate and decisive action to restore the highway's functionality was unequivocal. The Kodari Highway holds immense strategic and economic importance for Nepal. It is a key conduit for bilateral trade with China, particularly for goods entering Nepal from the northern border. A prolonged closure directly impacts import-export activities, potentially leading to delays in supply chains, increased costs for businesses, and a ripple effect on consumer prices across the country. For investors, such infrastructure vulnerabilities represent a significant risk factor, affecting logistics, operational costs, and the overall business environment in regions reliant on this route. The government's swift and efficient response to such crises is crucial for maintaining investor confidence and ensuring economic stability. Beyond trade, the highway is also vital for tourism, connecting various scenic and cultural sites to the capital. Its closure deters both domestic and international tourists, impacting local economies that depend on tourism-related activities. The incident serves as a stark reminder of the need for robust infrastructure development and maintenance strategies in Nepal, especially in landslide-prone areas. Investing in resilient road networks, implementing early warning systems, and deploying rapid response teams are essential steps to mitigate the economic fallout from such natural calamities in the future. The government's commitment to not just clearing the current blockage but also developing long-term solutions will be closely watched by both the public and the investment community. This situation calls for a multi-pronged approach involving not only immediate road clearance but also a comprehensive review of road safety standards, geological surveys, and the adoption of advanced engineering techniques to build more resilient infrastructure. The economic prosperity of Nepal is intrinsically linked to the efficiency and reliability of its transportation networks. Therefore, the resolution of the Kodari Highway crisis is not merely a local issue but a matter of national economic priority, demanding concerted efforts from all stakeholders to ensure the uninterrupted flow of trade, tourism, and daily life.
China's Electric Vehicle Boom Fuels a New 'Car-Camping' Economy, Reshaping Travel and Consumer Spending
Amidst a backdrop of economic shifts and evolving consumer preferences, China is witnessing the emergence of a fascinating new trend: car-camping. This phenomenon, largely driven by the nation's burgeoning electric vehicle (EV) market, sees budget-conscious youth opting for their tech-equipped cars as mobile bedrooms, transforming weekend getaways into affordable and adventurous experiences. This isn't merely a niche hobby; it's rapidly giving rise to a multi-billion dollar 'camping economy' that is reshaping travel, retail, and the automotive industry. The economic slowdown has prompted many young Chinese to seek more economical alternatives to traditional expensive foreign trips or luxurious five-star hotel stays. Car-camping offers a compelling solution, blending cost-effectiveness with the thrill of exploration. Instead of hefty hotel bills, travelers are investing in versatile electric vehicles that double as comfortable, self-sufficient living spaces on wheels. This shift reflects a broader trend of consumers prioritizing value, flexibility, and unique experiences over conventional luxury. At the heart of this burgeoning trend is the rapid advancement of electric vehicle technology. Chinese EV manufacturers, including industry giants like BYD, Li Auto, Nio, and Xpeng, are at the forefront, integrating innovative features such as Vehicle-to-Load (V2L) technology into their models. V2L effectively transforms the car's large battery into a powerful mobile energy source, capable of powering a wide array of appliances. Car owners can effortlessly run induction cookers, coffee makers, mini-fridges, projectors for outdoor cinema, and even electric grills directly from their vehicle's battery. Furthermore, many EVs now come equipped with dedicated 'camping modes' and sufficiently large batteries that allow for overnight use of air conditioning or heating without needing to keep the engine running, ensuring comfort regardless of the weather. This lifestyle choice is not just about practicality; it's also about freedom and connection. Couples like Junya Zhen and Ji Kui from Hebei province exemplify this new spirit. Having quit their teaching jobs in 2023 to embark on a cross-country journey, they have spent months traveling and sleeping in their Great Wall Motor hybrid SUV, a 'Wey Lanshan'. Their unique road trip and car-camping adventures are extensively shared on social media platforms like Xiaohongshu and Douyin, where they have amassed over 570,000 followers. They livestream their drives, cook meals on the road, and transform their back seats into comfortable beds, showcasing a lifestyle that resonates deeply with a generation seeking authenticity and adventure. The ripple effect of this trend extends far beyond individual travelers. It has created a vibrant new commercial ecosystem. There's been a significant surge in demand for specialized car accessories, including custom-fit mattresses, attachable tents that expand the vehicle's living space, portable projectors for outdoor entertainment, and foldable kitchenware. This burgeoning market for ancillary products underscores the depth and potential longevity of the car-camping phenomenon. For the automotive industry, this cultural shift presents both a challenge and an immense opportunity. Cars in China are increasingly being sold not just on metrics like speed, range, or horsepower, but on their utility as lifestyle enablers and tools for adventurous travel. Chinese EV companies are keenly aware of this paradigm shift, actively incorporating car-camping culture into their marketing strategies, positioning their vehicles as gateways to freedom and exploration. This strategic pivot highlights how consumer behavior can profoundly influence product development and marketing in a competitive market. In conclusion, China's car-camping trend, propelled by economic realities and technological innovation in electric vehicles, is more than just a passing fad. It represents a significant evolution in consumer spending habits, leisure activities, and the automotive market. For investors, understanding this dynamic shift offers insights into emerging market opportunities in EV manufacturing, automotive accessories, and even new forms of tourism and hospitality, as a nation redefines its relationship with travel and personal mobility.
Bungal Hydro in 'Wait and See' State: A Comprehensive Company Analysis for Investors
The Nepalese hydropower sector has recently demonstrated robust performance, with its sub-index climbing by 3.15% over the past week. Closing at 3816.33 points, up from 3699.61 points in the preceding week, the sector signals renewed investor interest. Within this dynamic environment, Bungal Hydro Limited (BUNGAL) has captured attention, with its share price increasing by NPR 9.70, reaching NPR 634.90 from NPR 625.20 at the close of the previous trading week. However, a closer look at BUNGAL's technical indicators suggests a nuanced picture, placing the company's stock in a 'wait and see' state. The formation of a Doji candlestick on the last trading day indicates indecision among investors, where buying and selling pressures are currently balanced. For potential upward movements, the stock is likely to face resistance in the NPR 690 to NPR 730 range. Conversely, if the price declines, strong support is anticipated between NPR 545 and NPR 585, which could act as a floor for further drops. Further technical analysis reveals that BUNGAL's share price is currently hovering slightly below its 10, 25, 50, and 100-day moving averages. The convergence of the price with these key moving averages suggests that the stock is in a period of consolidation, lacking a clear short-term trend. This 'trendless' phase is often characterized by sideways movement as the market digests recent information and prepares for a potential breakout in either direction. Volume analysis also supports this consolidation narrative. The trading volume on the last day of the week was close to its 20-day daily average, particularly as the price stabilized between NPR 630 and NPR 640. This average volume indicates that there is neither significant buying nor selling pressure dominating the market, reinforcing the balanced sentiment and the 'wait and see' approach adopted by investors. Despite these consolidation signals, some indicators point towards a bullish undertone. The Moving Average Convergence Divergence (MACD) line for BUNGAL is currently above its signal line, and the distance between these two lines is widening. Furthermore, the MACD histogram remains in positive territory. These signals collectively suggest that the stock is exhibiting a bullish trend, implying that momentum could be building for an upward move. Complementing this, the Stochastic RSI has moved from the oversold zone into the neutral zone, indicating that the intense selling pressure has subsided, and the balance between buyers and sellers is gradually being restored. However, the 'Fear and Greed Meter' for BUNGAL's share price currently resides in the 'Fear Zone'. This suggests that despite some positive technical signals, a segment of investors remains apprehensive about potential price declines, which could temper any immediate upward momentum. From a fundamental perspective, Bungal Hydro has shown improvement in its financial health. For the third quarter of the last fiscal year, the company reported a net loss of NPR 4.89 million, a significant reduction from the NPR 47.05 million loss recorded in the same period of the previous fiscal year. This notable improvement is primarily attributed to increased electricity sales revenue and a reduction in financial expenses. Electricity sales revenue rose from NPR 221.2 million to NPR 236.6 million, while total profit increased from NPR 120.5 million to NPR 134.9 million. Concurrently, financial expenses decreased substantially from NPR 150.4 million to NPR 118.9 million, contributing directly to the reduced net loss. Bungal Hydro has a paid-up capital of NPR 830 million. However, its reserve fund remains negative at NPR 127.18 million. The company's earnings per share (EPS) for the third quarter of the last fiscal year stood at a negative NPR 0.79, while its book value was NPR 84.68. Based on the last week's closing price, the company's price-to-book (P/B) ratio is 7.5 times, which is relatively high given its negative EPS and reserve fund. Currently, 8.3 million units of BUNGAL shares are listed on NEPSE. The 180-day average price for the stock is NPR 658.34. Over the past 52 weeks, the share price has seen a high of NPR 895 and a low of NPR 302.40, indicating significant volatility. As of the last week's closing price, the company's total market capitalization stands at NPR 5.269 billion. Trading activity for BUNGAL shares last week saw Broker Number 41 as the most active participant, both in terms of buying and selling. This broker purchased 106,567 units and sold 163,635 units, indicating significant churn. Other notable activities included Broker Number 58 buying 34,988 units and Broker Number 63 selling 66,254 units. In conclusion, Bungal Hydro presents a mixed bag for investors. While the hydropower sector is performing well and BUNGAL's financial losses are narrowing, technical indicators suggest a period of consolidation and investor indecision. The presence of bullish signals alongside a 'fear zone' sentiment highlights the complexity. Investors are advised to conduct thorough due diligence and consider both the technical and fundamental aspects before making any investment decisions in BUNGAL shares.
NEPSE Concludes Week with Robust 2.13% Gain, Turnover Exceeds NPR 28 Billion
The Nepal Stock Exchange (NEPSE) concluded the trading week on a strong note, registering a significant gain of 2.13% and pushing the index to 2,734.60 points. This upward momentum, representing an increase of 57.06 points, follows a 2.95% rise in the previous week, signaling sustained bullish sentiment in the Nepalese market. Investors witnessed a total turnover of NPR 28.33 billion (28.33 Arba) over the five trading days, underscoring robust trading activity. Throughout the week, the NEPSE index demonstrated considerable movement, reaching a high of 2,754.08 points and a low of 2,659.53 points. This resulted in a weekly volatility of 94.55 points, a decrease from the 130.95 points observed in the preceding week, suggesting a slight stabilization in price swings despite the overall upward trend. Monday stood out as the most active day, recording the highest intraday gain of 41.70 points with a turnover of NPR 5.51 billion. From a technical analysis perspective, key indicators are largely supportive of the current bullish outlook. The daily Relative Strength Index (RSI) stands at 62.70, approaching the overbought territory but still indicating strong buying interest. The weekly RSI, at 51.87, suggests a more neutral but positive sentiment over a longer timeframe. Furthermore, the Moving Average Convergence Divergence (MACD) is positioned above the zero line, with its signal line also in the positive zone, which is a classic indicator of strong upward momentum. The NEPSE Index's position above both the 20-day and 5-day Exponential Moving Averages reinforces the short-term bullish sentiment, suggesting that the market is currently in an uptrend. Looking ahead, the 2,670 level is identified as the nearest crucial support, while the 2,780 zone is expected to act as a significant resistance level that the index will need to overcome to continue its ascent. Market breadth was largely positive, with the NEPSE index's 2.13% increase reflecting broad-based gains across most sectors. Only two sector indices closed in the red, indicating widespread participation in the week's rally. The total market capitalization of NEPSE reached an impressive NPR 4,699.61 billion (46.99 Kharba), reflecting the growing valuation of listed companies. Over 62.3 million unit shares were traded through 326,199 transactions, highlighting the liquidity and active participation of investors. Individual stock performances showcased notable highlights. Bhujung Hydropower Limited (BJHL), Shreenagar Agritech Industries Limited (SAIL), and Ridge Line Energy Limited (RLEL) emerged as the top three companies with the highest monthly beta values of 4.114, 3.952, and 3.533, respectively. These high-beta stocks typically exhibit greater volatility and can offer higher returns (or losses) compared to the broader market. Everest Colour Limited (ECL) was the week's top gainer, skyrocketing by an astounding 101.02% to close at NPR 651.00, demonstrating the potential for exceptional returns in specific scrips. Conversely, NIBL Growth Fund (NIBLGF) experienced a significant decline of 15.49%, closing at NPR 9.22, reminding investors of the inherent risks. In terms of trading volume and turnover, Ridi Power Company Limited (RIDI) led the market, with shares worth NPR 1.74 billion changing hands, making it the most actively traded company of the week. This high turnover suggests strong investor interest and liquidity in RIDI shares. Brokerage activity also provided insights into market dynamics, with Naasa Securities Co. Ltd. (Broker No.- 58) standing out as both the top buying and selling broker. The firm purchased stocks worth NPR 2.55 billion and sold stocks worth NPR 2.15 billion, indicating significant activity and potentially large client transactions driving market movements. This dual role suggests that Naasa Securities facilitated substantial two-way trading, reflecting its prominent position in the market. Overall, the week concluded with a positive sentiment, driven by healthy gains in the NEPSE index, robust turnover, and favorable technical indicators. Investors will be closely watching the market's ability to sustain this momentum and breach the resistance levels in the coming weeks.
Nepal's Trade Deficit Soars to NPR 1.78 Trillion, Yet Finds Profitability with 34 Nations
Nepal's economy continues to grapple with a formidable challenge: a widening foreign trade deficit. According to the latest available annual statistics from the Department of Customs, the nation's total foreign trade reached a staggering NPR 2.41 trillion (24 kharb 11 arba 66 crore 95 lakh) in the recently concluded fiscal year. A closer look at these figures reveals a significant imbalance, with imports constituting a dominant 86.93% of the total trade volume, while exports accounted for a mere 13.07%. During this period, Nepal imported goods worth an colossal NPR 2.09 trillion (20 kharb 96 arba 37 crore 90 lakh). In stark contrast, the country's exports amounted to only NPR 315.29 billion (3 kharb 15 arba 29 crore 4 lakh). This substantial disparity has resulted in a massive foreign trade deficit of NPR 1.78 trillion (17 kharb 81 arba 8 crore 85 lakh) within a single fiscal year, underscoring the urgent need for robust export promotion strategies and import substitution initiatives. Despite this daunting overall picture, a silver lining emerges from Nepal's trade relationships with a select group of countries. While Nepal imports goods from 163 nations globally and faces a trade deficit with 129 of them, it remarkably maintains a trade surplus with 34 countries. This indicates that despite the broader economic challenges, Nepal has managed to carve out profitable niches in specific markets. Leading this list of profitable trade partners is the European nation of Denmark. In the review period, Nepal's exports to Denmark reached NPR 1.02 billion (1 arba 2 crore 8 lakh), while imports from Denmark were significantly lower at NPR 216.2 million (21 crore 62 lakh). This resulted in a net trade surplus of NPR 804.5 million (80 crore 45 lakh) for Nepal with Denmark, making it the most lucrative bilateral trade relationship in terms of surplus. Following Denmark, Norway stands as the second most profitable trading partner. Nepal exported goods worth NPR 217.9 million (21 crore 79 lakh) to Norway, against imports of NPR 129.8 million (12 crore 98 lakh), yielding a surplus of NPR 88 million (8 crore 80 lakh). American Samoa secured the third position, with Nepal exporting NPR 44.6 million (4 crore 46 lakh) worth of goods and negligible imports, resulting in a nearly equivalent trade surplus. Other European countries also feature prominently in Nepal's list of profitable trade partners. With Romania, Nepal recorded a surplus of NPR 42.2 million (4 crore 22 lakh), driven by exports of NPR 88.1 million (8 crore 81 lakh) against imports of NPR 45.8 million (4 crore 58 lakh). Similarly, Iceland contributed a surplus of NPR 26 million (2 crore 60 lakh), Seychelles NPR 19 million (1 crore 90 lakh), Niger NPR 17.3 million (1 crore 73 lakh), Maldives NPR 16.4 million (1 crore 64 lakh), Iraq NPR 15.6 million (1 crore 56 lakh), New Caledonia NPR 15.3 million (1 crore 53 lakh), Grenada NPR 14.3 million (1 crore 43 lakh), and the Cayman Islands NPR 14 million (1 crore 40 lakh) in net trade profit. Beyond these top performers, Nepal also enjoys smaller but significant trade surpluses with 22 other countries, each contributing less than NPR 10 million but collectively adding to the positive trade balance. These include Fiji (NPR 9.22 million), Yemen (NPR 7.55 million), Georgia (NPR 6.56 million), Colombia (NPR 6.38 million), Mauritius (NPR 5.35 million), and Mali (NPR 3.79 million). Further down the list are Cyprus, Croatia, Ghana, Congo, Bahamas, Jamaica, Barbados, Ecuador, Lebanon, Turks and Caicos Islands, Zambia, Syria, Panama, Angola, Antigua and Barbuda, and Kyrgyzstan, each contributing to Nepal's overall trade profit. The cumulative net trade profit from these 34 countries totals NPR 1.17 billion (1 arba 17 crore 19 lakh). These trade surpluses, though modest in comparison to the colossal overall deficit, offer valuable insights and potential blueprints for Nepal's future export promotion efforts. They suggest that Nepali products, likely niche goods such as handicrafts, pashmina, tea, coffee, or specialized agricultural products, have found acceptance and demand in these diverse markets. For investors, this highlights opportunities in sectors that cater to these specific export markets. The challenge for Nepal's policymakers and businesses remains to identify the factors contributing to success in these 34 countries and replicate them on a larger scale, while also diversifying its export basket and exploring new markets to mitigate the overwhelming trade deficit with its major partners. This strategic focus is crucial for fostering sustainable economic growth and enhancing Nepal's position in the global trade arena.
Two Arrested in Nepal for Major Online Travel Scam Defrauding Public of Nearly NPR 1 Million
Nepal's law enforcement authorities have successfully apprehended two individuals suspected of orchestrating a sophisticated online travel fraud scheme that has defrauded numerous citizens of nearly NPR 1 million. The arrests, made by a joint team from the District Police Office Kaski and Ward Police Office Baidam, highlight the growing challenge of cybercrime in the country and the proactive measures being taken to combat it. The primary suspects have been identified as 26-year-old Vivek Regmi from Kanchanrup Municipality-12, Saptari, and 30-year-old Mohammad Yasir, an Indian national residing in Maheshwar Shantinagar, Karnataka, India. The duo was apprehended on Friday following intelligence reports detailing their involvement in an elaborate online scam operating from a rented house in Prasyang, Pokhara Metropolitan City-5. According to preliminary investigations, the fraudsters established an organization named "Oasis Tourism International." Under this guise, they allegedly lured unsuspecting individuals with enticing offers of international travel packages to various countries across Asia and Europe. Their modus operandi involved circulating promotional materials and engaging with potential victims through online platforms and phone calls. These promotions often featured "three nights, four days holiday tour coupons," along with promises of guaranteed gifts and prizes upon registration and coupon redemption. The investigation has revealed that the scam was quite extensive in its reach and execution. The suspects reportedly mobilized a team of 15 young individuals, who were tasked with contacting potential victims and facilitating the fraudulent transactions. This organized approach allowed them to reach a significant number of people, exploiting their desire for affordable and exciting travel experiences. So far, police have confirmed that at least 30 individuals fell victim to this scheme, collectively losing a total of NPR 965,000. The victims were primarily enticed by the prospect of visiting popular destinations in Asia and Europe, only to find themselves defrauded of their hard-earned money. The arrests led to the recovery of crucial evidence that further substantiates the allegations. Police seized two computers, eight various registers and record books, six coupon receipts, four stamps, and numerous coupon stubs issued in the names of different individuals. These items are expected to provide further insights into the scale of the operation and potentially identify more victims or accomplices. The ongoing investigation aims to uncover the full extent of the network, including any other individuals involved, and to bring them to justice. This incident serves as a stark reminder of the increasing prevalence of online fraud and the importance of vigilance in the digital age. As Nepal's digital economy expands, with more services moving online, the risk of cybercrime also grows. Investors and the general public are urged to exercise extreme caution when encountering unsolicited offers, especially those promising lucrative returns or highly discounted services, such as travel packages. Verifying the legitimacy of organizations and individuals offering such services through official channels is paramount. The swift action by the Kaski police underscores the commitment of Nepali law enforcement to protect citizens from financial crimes and maintain trust in digital transactions. It also highlights the need for continuous public awareness campaigns to educate individuals about common online scams and how to avoid becoming a victim. As the investigation progresses, authorities will likely provide further updates, reinforcing the message that such criminal activities will not be tolerated within the country's financial and digital landscape. This case also brings to light the cross-border nature of some cybercrimes, necessitating enhanced cooperation between national and international law enforcement agencies to tackle such sophisticated operations effectively.
Nepal's Financial System Faces Critical Juncture: NGOs Embrace 'Grey List' as Opportunity for Reform
Nepal's financial landscape is at a pivotal moment, with stakeholders increasingly recognizing the urgency of strengthening its anti-money laundering (AML) and countering the financing of terrorism (CFT) frameworks. The Association of International NGOs (AIN) recently spearheaded a crucial orientation program for its member organizations, focusing on compliance with these vital international standards. This initiative comes in the wake of the fifth amendment to Nepal's Money Laundering Prevention Act, 2064, which has significantly expanded its legal ambit to include non-profit organizations (NPOs), underscoring a nationwide commitment to financial transparency. The program's primary objective was to furnish stakeholders with much-needed policy clarity, especially as regulatory bodies are actively formulating the necessary legal practices and compliance standards for NPOs. Government representatives and technical experts provided comprehensive insights into the existing policy frameworks and the inherent challenges in implementing measures against money laundering, terrorist financing, and the financing of weapons of mass destruction. This collaborative approach highlights a concerted effort to align Nepal's financial governance with global best practices. A key takeaway from the event, as articulated by AIN, is the belief that such programs are instrumental in bolstering the social sector's contribution to Nepal's overarching national campaign. This campaign aims to elevate the nation from the Financial Action Task Force (FATF) 'Grey List' to the more favorable 'Green List'. Being on the Grey List signifies that a country is under increased monitoring by the FATF due to strategic deficiencies in its AML/CFT regimes. While not a blacklisting, it carries significant implications for a nation's international financial standing and economic prospects. Sujita Mathema, Treasurer of AIN, emphasized the collective responsibility in upholding financial good governance. Speaking at the orientation, she underscored that ensuring financial integrity is not merely the prerogative of a single institution or entity but a shared duty across all sectors. Mathema highlighted the critical importance of the current period for Nepal's financial transparency, urging a proactive approach to the FATF Grey List status. "Many view Nepal's inclusion on the Financial Action Task Force's Grey List merely as an international designation," Mathema stated. "However, in my opinion, we must embrace this not as a warning, but as a profound opportunity. It is an opportunity to enhance the effectiveness of our financial systems, to refine our laws and practices to meet international standards, and to present Nepal to the world as a trustworthy, transparent, and responsible nation." She further elaborated on the far-reaching, multidimensional consequences of grey listing. Such a designation can directly impede the foreign investment climate, complicate international banking transactions, hinder the ease of remittances – a vital source of income for Nepal – and impact development partnerships. Crucially, it also casts a shadow over the nation's international image and reputation. Mathema stressed that AML/CFT is far more than a technical or legalistic concern; it is intrinsically linked to the country's economic stability, investor confidence, and national prestige. She issued a compelling call to all stakeholders to actively participate in reforming the financial sector and fortifying Nepal's global standing. The orientation program, designed to equip executive and departmental heads of AIN member organizations with essential policy knowledge and awareness, saw robust participation from government officials, technical experts, and representatives from various key stakeholder bodies. This broad engagement signals a unified commitment across different segments of Nepali society to address these critical financial governance issues. By proactively engaging with the challenges posed by the Grey List, Nepal aims to transform a potential liability into a catalyst for systemic improvements, ultimately fostering a more secure, transparent, and attractive environment for both domestic and international investment. This strategic pivot is essential for long-term economic prosperity and strengthening Nepal's position in the global financial community.
Nepal's Financial Inclusion Challenges Highlighted as Loan Sharking and Microfinance Victims Protest in Kathmandu
Nepal is currently witnessing a significant social and economic upheaval as hundreds of individuals, primarily farmers from the Terai region, have converged on Kathmandu to protest against the exploitative practices of "meter interest" lenders and certain microfinance institutions. This large-scale demonstration, centered around Maitighar Mandala, underscores deep-seated issues within the nation's financial landscape, particularly concerning access to credit, predatory lending, and the efficacy of financial inclusion initiatives. The term "meter interest" refers to informal, often illegal, loan sharking practices where lenders charge exorbitant daily or monthly interest rates, frequently compounding, leading borrowers into inescapable debt traps. These informal loans are typically sought by vulnerable populations, including small-scale farmers and daily wage earners, who lack access to formal banking channels or are denied credit due to insufficient collateral or documentation. The desperation of these individuals, often facing immediate financial needs for agriculture, healthcare, or family emergencies, makes them easy prey for such unscrupulous lenders. The consequences are devastating, often resulting in the loss of land, property, and livelihoods, pushing families further into poverty. Adding to the complexity, a significant portion of the protestors are also victims of alleged malpractices by some microfinance institutions. While microfinance was initially envisioned as a tool for poverty alleviation and financial empowerment, critics argue that some institutions have deviated from their core mission. Issues cited by protestors include excessively high-interest rates, aggressive loan recovery tactics, the practice of issuing multiple loans to a single borrower (often without proper due diligence), and a lack of adequate financial literacy training for clients. These practices can lead to over-indebtedness, where borrowers take new loans to repay old ones, creating a vicious cycle that mirrors the informal debt trap. The cumulative effect of these challenges has been a severe strain on the economic stability of rural households, particularly in the Terai, which is a major agricultural hub. The current protest in Kathmandu is not an an isolated incident but rather a culmination of long-standing grievances. Many of the protestors undertook an arduous journey on foot from various Terai districts, highlighting the severity of their plight and their determination to seek justice. Their primary demand is for the government to intervene and provide relief from these oppressive debt burdens, calling for stricter regulation of both informal lending and microfinance operations. This demonstration follows previous attempts at dialogue and resolution. Earlier, Home Minister Sudhan Gurung had visited Janakpur and Rautahat, key Terai districts, to engage with the affected communities and understand their demands. However, these discussions failed to yield a satisfactory agreement, prompting the victims to escalate their movement and bring their grievances directly to the nation's capital. The failure to reach a consensus at the local level underscores the deep mistrust and the perceived lack of effective governmental action on these critical issues. For investors, particularly those with stakes in Nepal's financial sector, this protest signals potential regulatory shifts and increased scrutiny on microfinance institutions. The government may be compelled to introduce more stringent regulations on interest rates, loan recovery practices, and client protection mechanisms. Furthermore, the broader economic implications are significant; widespread rural indebtedness can stifle consumption, hinder agricultural productivity, and ultimately impact national economic growth. Addressing these issues requires a multi-pronged approach, including enhancing financial literacy, improving access to affordable formal credit, and establishing robust legal frameworks to prosecute loan sharks while ensuring responsible lending practices within the microfinance sector. The ongoing protests serve as a stark reminder of the urgent need for equitable and sustainable financial inclusion strategies in Nepal.
Nepal's Hydropower Paradox: Abundant Rain Leads to Record Power Wastage Amidst Infrastructure Gaps
Nepal, a nation blessed with immense hydropower potential, is currently grappling with a paradoxical challenge: a surge in electricity generation due to recent heavy monsoon rains is simultaneously leading to a record amount of power wastage. While the increased water flow in rivers and streams has enabled most hydropower projects to operate at near-full capacity, an estimated 900 megawatts (MW) of electricity is currently going unutilized, primarily due to limitations in domestic consumption and a critically underdeveloped transmission infrastructure. This represents a significant economic loss for the nation. According to the Nepal Electricity Authority (NEA), the country's total installed electricity generation capacity has now reached approximately 4,300 MW. During the monsoon season, run-of-river (ROR) projects, which constitute a major portion of Nepal's hydropower portfolio, typically operate at 90 to 100 percent of their capacity. Currently, the national grid is receiving between 3,500 MW and 3,700 MW from various projects across the country. However, the inability to effectively manage and transmit this abundant supply to areas of demand, coupled with insufficient internal consumption, has resulted in an unprecedented level of energy spill. The scale of this wastage is particularly alarming when compared to previous years. In past monsoon seasons, the amount of unutilized electricity typically ranged from 400 MW to 700 MW. This year's figure of 900 MW marks a substantial increase, underscoring the growing mismatch between generation capacity and the country's ability to consume or export the surplus. The primary culprits are clear: a lack of robust transmission lines capable of carrying power from generation hubs to high-demand areas, and a domestic market that has not yet fully transitioned to electric energy consumption. Independent power producers are vocal about their concerns. The Independent Power Producers' Association, Nepal (IPPAN) has expressed significant frustration, attributing the private sector's substantial losses to the government's perceived lack of preparedness. Uttam Bhlo Lama, Senior Vice President of IPPAN, highlighted that while the government has focused on facilitating Power Purchase Agreements (PPAs) to boost generation, it has failed to adequately strengthen the transmission and distribution systems. "Opening up PPAs alone is not an achievement," Lama stated. "The government must create an environment that ensures generated electricity reaches consumers' homes reliably and with quality." He emphasized that the inability to integrate 900 MW into the national system due to infrastructure deficiencies is a colossal loss for the national economy. Recognizing the urgency of this issue, the government has allocated a significant budget of NPR 70 billion for the current fiscal year (FY 2083/84) to address the shortcomings in the electricity sector. The Ministry of Energy, Water Resources, and Irrigation has earmarked these funds for making the transmission and distribution systems sustainable, reliable, and high-quality. The planned initiatives include upgrading aging substations, constructing new high-voltage transmission lines, and modernizing the overall distribution network. There is a strong belief that effective implementation of this budget will significantly reduce power wastage in future monsoon seasons and ensure maximum utilization of generated electricity. Looking ahead, experts propose a multi-pronged approach to tackle the persistent problem of power wastage. Firstly, boosting domestic consumption is paramount. This involves aggressive promotion of electric vehicles (EVs) and electric cooking stoves, alongside offering competitive electricity tariffs to industrial sectors to encourage a shift away from fossil fuels. Secondly, accelerating the construction of cross-border transmission lines is crucial for exporting surplus electricity. Strengthening trade mechanisms with neighboring countries like India and Bangladesh is an immediate necessity to monetize the excess power that Nepal currently cannot utilize internally. The current situation serves as a critical reminder that while Nepal possesses vast hydropower potential, realizing its full economic benefits requires more than just building power plants. It demands a holistic strategy encompassing robust infrastructure development, demand-side management, and effective regional energy trade policies. Addressing these challenges will not only mitigate current losses but also pave the way for Nepal to become a net energy exporter, significantly contributing to its economic prosperity and energy security.
Global IME Bank Revolutionizes Account Opening with Citizen App Integration
In a significant leap towards enhancing digital financial services and customer convenience, Global IME Bank Limited has announced the launch of a groundbreaking digital account opening service. This innovative offering, developed in strategic collaboration with the Citizen App, empowers eligible Nepali citizens to effortlessly open a personal savings account online using their National Identity Card. This initiative marks a pivotal moment in Nepal's banking sector, streamlining a traditionally paper-intensive process and aligning with the nation's broader digital transformation agenda. The newly introduced facility is designed for maximum user-friendliness and efficiency. Customers who are already registered on the Citizen App can now initiate their account opening process by simply scanning a QR code prominently displayed on Global IME Bank's official website. This integration eliminates the need for manual data entry, a common pain point in traditional account setup. Upon scanning the QR code, the bank securely retrieves the necessary personal information directly from the Citizen App. Crucially, this data transfer only occurs after obtaining explicit consent from the user, underscoring Global IME Bank's commitment to robust data privacy and security protocols. This seamless data exchange not only accelerates the application process but also significantly reduces the administrative burden and potential for errors associated with physical documentation. This service is specifically tailored for Nepali citizens who are 18 years of age or older, possess a valid National Identity Card, and are actively enrolled in the Citizen App. The integration with the National ID system is a testament to the government's push for digital identity verification, providing a secure and standardized method for customer identification. While the initial application is fully digital, the bank maintains a crucial step for activation: customers must complete a final verification process. This can be done either by visiting their nearest Global IME Bank branch or through a convenient Video Know Your Customer (Video KYC) procedure, ensuring compliance with regulatory requirements while still offering flexibility. For investors, this move by Global IME Bank signals a forward-thinking approach to customer acquisition and operational efficiency. By embracing digital channels, the bank is poised to attract a younger, tech-savvy demographic and expand its reach into remote areas where physical branch access might be limited. The reduction in paperwork and manual processing is expected to lead to significant cost savings and improved turnaround times, contributing positively to the bank's bottom line. In an increasingly competitive banking landscape, such innovations are critical for maintaining market leadership and fostering customer loyalty. Global IME Bank's extensive network further complements this digital initiative. With a formidable presence comprising 342 branches, 368 ATMs, 147 branchless banking outlets, 69 extension and revenue collection counters, and three overseas representative offices, the bank boasts over 1,000 service points across all 77 districts of Nepal. This vast physical infrastructure, combined with cutting-edge digital services like the Citizen App integration, positions Global IME Bank as a hybrid leader, capable of serving a diverse customer base through both traditional and modern channels. This strategic blend ensures that while digital convenience is prioritized, the option for in-person support remains readily available, catering to varying customer preferences and needs. This initiative is not just about opening accounts; it's about fostering greater financial inclusion and empowering citizens with easier access to banking services. By leveraging government-backed digital infrastructure like the National ID and Citizen App, Global IME Bank is setting a new benchmark for digital banking in Nepal, reinforcing its commitment to innovation, customer-centricity, and contributing to the nation's digital economy.