Latest NEPSE News & Share Market Updates
NEPSE Extends Losing Streak to Five Days; Manufacturing Sector Shines Amidst Broader Market Decline
The Nepal Stock Exchange (NEPSE) continued its downward trajectory for the fifth consecutive trading day, signaling a period of sustained caution among investors. On this trading session, the benchmark index recorded a marginal loss of 1.04 points, or 0.04%, to close at 2,557.31. This modest decline follows a more significant drop of 35.92 points in the preceding session, underscoring a cumulative weakening of market sentiment over the past week. Opening at 2,553.99, the NEPSE index experienced notable intraday volatility, fluctuating between a high of 2,566.78 and a low of 2,517.79 before settling at its closing mark. This fluctuation indicates a persistent tug-of-war between buyers and sellers, with sellers ultimately gaining a slight edge by the end of the day. The total market turnover for the day amounted to Rs. 3.78 Arba, a figure that, while substantial, suggests a degree of profit-taking or strategic repositioning rather than strong, conviction-driven buying. A total of 10,626,370 shares were traded across 348 companies through 52,575 transactions, reflecting broad market participation but without the concentrated buying pressure needed to reverse the prevailing downtrend. In terms of market valuation, the total market capitalization stood at Rs. 43.98 Kharba, with the float market capitalization, representing the value of freely tradable shares, recorded at Rs. 14.82 Kharba. These figures provide a snapshot of the overall size and liquidity of the Nepalese stock market, which continues to be a significant platform for capital formation and investment. Individual stock performances offered a mixed picture. SHIVAM CEMENTS LTD (SHIVM) emerged as the leader in terms of turnover, recording transactions worth an impressive Rs. 21.75 crores. The company's stock closed at Rs. 650.00, indicating sustained investor interest despite the broader market's decline. On the other end of the spectrum, Sarvottam Paints Industries Limited (SAPIL) delivered an exceptional performance, hitting the upper circuit with a remarkable 15.00% gain, closing at Rs. 1,394.80. This surge highlights specific company-centric positive news or strong sectoral tailwinds driving investor confidence in particular segments. Conversely, Upper Hewakhola Hydropower Company Limited (UHEWA) experienced the steepest decline, falling by 9.45% to close at Rs. 604.00. Such significant drops often reflect company-specific challenges, negative news, or a broader shift away from certain high-risk sectors during periods of market uncertainty. Sectoral analysis revealed interesting divergences. The Manufacturing And Processing sector stood out as the top gainer, registering an impressive 1.74% increase. This robust performance, possibly bolstered by companies like Sarvottam Paints, suggests that investors might be rotating into sectors perceived as more resilient or offering better value propositions amidst the current market volatility. This could be driven by strong earnings reports, positive industry outlooks, or a shift towards consumer-oriented businesses. In stark contrast, the Mutual Fund sector recorded the highest loss, declining by 3.05%. This underperformance in mutual funds often reflects their diversified holdings, which tend to mirror the broader market sentiment, making them susceptible to widespread investor caution or redemptions during a sustained downtrend. As the NEPSE index continues its losing streak, investors are advised to remain vigilant and conduct thorough due diligence. While the overall market sentiment appears subdued, the strong performance of specific sectors like Manufacturing and Processing indicates that opportunities still exist for discerning investors. Monitoring upcoming economic data, corporate announcements, and global market trends will be crucial for navigating the current market landscape and making informed investment decisions.
Everest Bank Limited Proposes 15% Dividend for FY 2082/83; How much in Bonus shares and Cash?
Everest Bank Limited (EBL) has proposed a 15% dividend for the fiscal year 2082/83. The 402nd meeting of the board of directors held on Bhadra 11 has decided to distribute 5% bonus shares and 10% cash dividend (for tax purposes) from the paid-up capital. The paid-up capital of the company is Rs. 13.72 arba. Note that this dividend will be distributed only after approval from Nepal Rastra Bank and endorsement by the company's upcoming AGM. As of the time of writing, the company's LTP stands at Rs. 729.50.
Api Power Provides Rs. 3.5 Million to Prime Minister’s Disaster Relief Fund
Api Power has provided Rs. 3.5 million to the Prime Minister’s Disaster Relief Fund to support the search, rescue, immediate relief, and long term rehabilitation of people affected by the severe flooding in the Bhotekoshi River. The company said the financial support is expected to help ongoing search and rescue efforts for those affected by the flood. Api Power also stated that it remains ready to provide additional support, as needed, for the long term rehabilitation of affected communities following the rescue and relief efforts. The company expressed deep sorrow over the loss of lives and property, including damage to various hydropower projects and other structures caused by the flood. It also wished a speedy recovery to those injured in the disaster.
Nepal Launches 'SetuRapid' Digital Portal for Integrated Disaster Response
Nepal, a nation frequently grappling with the devastating impacts of natural calamities, has taken a significant stride towards enhancing its disaster response capabilities with the launch of 'SetuRapid'. This innovative digital portal, spearheaded by the government, aims to streamline rescue and relief operations by integrating critical information and resources onto a single, live digital map. Developed through the collaborative efforts of the National Disaster Risk Reduction and Management Authority (NDRRMA) and the Department of Roads (DOR), SetuRapid promises to revolutionize how the country responds to emergencies, ensuring faster and more coordinated assistance reaches those in need. The core objective of SetuRapid is succinctly captured in its mission statement: "Connecting responders, command centres and field fleet operators on a single live map, so help reaches faster." This integrated approach is designed to overcome the traditional hurdles of communication gaps and coordination challenges that often plague disaster management efforts in remote and difficult terrains. By providing a real-time overview of the disaster landscape, the portal empowers authorities to deploy resources more efficiently, track rescue teams, and monitor the movement of relief supplies. This proactive stance is expected to significantly reduce response times, minimize casualties, and mitigate the economic fallout typically associated with large-scale disasters. The portal's user-friendly interface features three primary options: 'Need Rescue', 'Need Relief Items', and 'Donate Now'. The 'Need Rescue' option allows citizens directly affected by a disaster to report their urgent need for assistance, transmitting vital information to the relevant response mechanisms. This direct line of communication is crucial in situations where conventional communication channels might be disrupted or overwhelmed. Similarly, the 'Need Relief Items' feature enables affected individuals or communities to specify their requirements for essential supplies, facilitating a more targeted and effective distribution of aid. This mechanism is expected to significantly improve the collection and coordination of information regarding specific needs in disaster-stricken areas, preventing duplication of efforts and ensuring that the right aid reaches the right place at the right time. Beyond immediate response, SetuRapid also addresses the critical aspect of financial contributions. The 'Donate Now' option provides a secure and transparent channel for the public to contribute directly to the Prime Minister's Disaster Relief Fund. This feature is particularly vital in mitigating potential fraud, a common concern during times of crisis when unscrupulous individuals or organizations might solicit funds through unofficial channels like personal bank accounts or QR codes on social media. By offering an official government-backed platform, SetuRapid instills confidence in donors, assuring them that their contributions will directly support legitimate relief efforts. This transparency is not just about preventing fraud; it's about building public trust in the government's ability to manage crises effectively and ethically, which in turn can foster greater civic engagement and support during national emergencies. The integration of government mechanisms from both the Department of Roads (DOR) under the Ministry of Physical Infrastructure & Transport and the NDRRMA under the Ministry of Home Affairs is a strategic move. This synergy ensures that information related to road conditions, transportation routes, and disaster management protocols are seamlessly coordinated. In a country like Nepal, where road access can be severely hampered by floods, landslides, and earthquakes, having real-time data on infrastructure status is paramount for planning and executing rescue and relief operations. This collaborative framework is expected to accelerate the deployment of aid and personnel to affected regions, minimizing response times and ultimately saving lives and protecting livelihoods. While the portal's screenshots illustrate its clear objectives and available options, the detailed operational procedures—such as the specific forms, required information, methods for sending geographic locations, or the response timeframes from various agencies—are yet to be fully elucidated. However, the overarching message is clear: SetuRapid aims to connect information, rescuers, and resources on a unified digital map to deliver aid faster to those impacted. In the wake of recent devastating events like the Rasuwa floods, the effective operation of such a system holds immense potential to significantly bolster Nepal's disaster management capabilities, offering a beacon of hope for a more resilient future. For investors, a nation with robust disaster response mechanisms signifies greater stability and reduced economic disruption, making it a more attractive environment for long-term capital deployment.
Confederation of Nepalese Industries Appeals for Urgent Support to Rasuwa Flood Victims, Establishes Disaster Response Committee
The Confederation of Nepalese Industries (CNI), a leading representative body of Nepal's industrial and business sector, has issued a heartfelt appeal for urgent assistance to the communities devastated by the recent catastrophic floods in the Rasuwa region. Acknowledging the immense loss of life and property, the CNI has called upon all stakeholders to unite in providing crucial support to those affected by this natural calamity. In a statement released by the Confederation, deep condolences were extended to the families who have tragically lost loved ones in the floods. The CNI also expressed sincere wishes for the swift recovery of all individuals who sustained injuries during the disaster. Recognizing the severity of the situation and the immediate need for coordinated action, the Confederation has proactively established a dedicated "Disaster Response Committee." This committee is tasked with spearheading efforts to ensure the timely provision of essential relief materials to the affected populace, as well as planning for long-term reconstruction and rehabilitation initiatives. The Rasuwa floods have caused widespread devastation, impacting critical infrastructure, agricultural land, and residential areas. While the full extent of the damage is still being assessed, initial reports indicate significant disruption to livelihoods and the regional economy. The CNI's appeal underscores the critical role the private sector can play in national emergencies, complementing government efforts and mobilizing resources efficiently. By forming its own Disaster Response Committee, the CNI aims to streamline aid distribution and foster a more structured approach to disaster management from the business community's side. Furthermore, the CNI has urged its extensive network of member organizations, including various entrepreneurs, businesses, and professional associations across Nepal, to actively collaborate with both the government and local communities. The objective is to pool resources, expertise, and manpower to contribute effectively to the ongoing relief and rehabilitation operations. This collaborative spirit is vital in ensuring that aid reaches the most vulnerable populations and that recovery efforts are sustainable and impactful. Beyond mobilizing its members, the Confederation has also formally requested the Government of Nepal to intensify and expedite its own relief, treatment, and rehabilitation programs for the flood-affected citizens. This call to action highlights the CNI's commitment not only to direct involvement but also to advocating for robust governmental response and long-term strategic planning to mitigate the impact of future disasters. Such coordinated efforts between the private sector and the government are paramount for building resilience in disaster-prone regions like Rasuwa. For investors, the CNI's proactive stance is a positive indicator of corporate social responsibility within Nepal's business landscape. While natural disasters pose significant challenges to economic stability and can impact various sectors, the organized response from influential bodies like the CNI demonstrates a commitment to national welfare that can foster long-term stability and investor confidence. The involvement of the private sector in such large-scale humanitarian efforts also reflects a maturing corporate environment, where businesses are increasingly recognizing their broader societal obligations beyond mere profit generation. This collective action can help in faster recovery, potentially reducing the long-term economic drag of such calamities and ensuring a more stable operating environment for businesses listed on NEPSE.
AI Holds Strong Potential to Transform Stock Market Forecasting in Nepal
Artificial Intelligence (AI) is emerging as a promising technology for stock market forecasting, with growing potential to support investment decisions and transform the way investors analyze the Nepal Stock Exchange (NEPSE). A study published in the Journal of Business and Social Sciences Research (JBSSR) has examined the use of AI in stock market prediction, highlighting the potential of machine learning and deep learning models to address the challenges created by the highly volatile, complex, and nonlinear nature of stock markets. Predicting stock prices has always been difficult because markets constantly respond to new information, economic conditions, investor behavior, and unexpected events. Stock prices are non-stationary and volatile, making it difficult for traditional statistical methods to accurately forecast future movements. The study notes that conventional financial theories, including the Random Walk Model and Efficient Market Hypothesis, suggest that stock prices are difficult to predict consistently because new information is rapidly reflected in market prices. However, research in behavioral finance and social science has challenged the idea that markets are completely unpredictable. This has created opportunities for advanced computational techniques to identify patterns and relationships that may not be easily detected through conventional analysis. AI has therefore attracted increasing attention in financial markets because it can process large amounts of data, recognize complex patterns, and generate forecasts without relying entirely on predetermined relationships. Among the most widely studied AI technologies for stock market prediction are Long Short-Term Memory (LSTM), Gated Recurrent Unit (GRU), and Convolutional Neural Network (CNN) models. These deep learning techniques are particularly useful for analyzing financial time-series data and identifying relationships between past and present market movements. Research focusing on NEPSE by Pokheral et al. (2022) compared LSTM, GRU, and CNN models using 16 different predictors and multiple datasets. The findings showed that LSTM achieved better prediction accuracy than both GRU and CNN. The result is significant for Nepal because LSTM is designed to retain important information over longer periods, making it suitable for analyzing sequential data such as stock prices and market indices. Another emerging technology in Nepal is the use of Graph Neural Networks (GNNs). Unlike conventional models that may analyze stocks and indicators separately, graph-based AI can represent financial information as interconnected networks. This allows the model to examine relationships between different market variables and identify complex dependencies. A 2025 study by Bajracharya et al. applied GNNs to NEPSE data and compared Graph Convolutional Networks (GCN) with Graph Attention Networks (GAT). The research found that GCN performed better than GAT in learning complex market relationships and long-term dependencies. This suggests that graph-based models could offer another promising direction for improving stock market forecasting in Nepal. Globally, AI has moved beyond academic research and is increasingly being used in practical financial applications. Financial institutions are using AI and machine learning for algorithmic trading, portfolio management, risk assessment, fraud detection and high-frequency trading. AI can analyze large volumes of information at high speed and support investors in identifying market trends and managing risks. Recent research has also examined the integration of large language models (LLMs) with machine learning in investment strategies. This indicates that AI technologies such as LLMs could provide additional information and analytical capabilities, although their effectiveness depends on the type of forecasting strategy and data being used. The global experience demonstrates that AI can become more than a forecasting tool. It can potentially support the entire investment decision-making process. Despite the promising research results, AI adoption in Nepal's stock market remains at an early stage. The major gap is between academic research and real-world application. Most studies conducted in Nepal have focused on comparing the performance of different AI models rather than applying them directly to live trading and investment decisions. There is therefore a need for further research into how AI models perform under actual NEPSE market conditions. Real-time testing, larger datasets, and practical investment applications could provide a clearer understanding of AI's effectiveness. The development of AI-based investment tools may also require improvements in data quality, technological infrastructure, investor awareness and regulatory frameworks. While AI can improve forecasting and analysis, it cannot eliminate the risks associated with stock market investment. Market movements can be influenced by unexpected political developments, economic shocks, policy changes, company announcements and investor sentiment. Such events may not always be accurately predicted from historical data. For this reason, the study emphasizes the importance of combining AI-based analysis with human expertise and judgment. AI can provide data-driven insights, while investors can use financial knowledge and broader market understanding to make final decisions. The growing body of research suggests that AI has considerable potential to become an important part of Nepal's capital market. Models such as LSTM and GCN have already demonstrated promising results in analyzing and forecasting NEPSE movements. The next challenge is to move beyond academic experiments and explore practical applications for investors, brokers, portfolio managers, and financial institutions. If supported by reliable data, appropriate technology and effective regulation, AI could help Nepal's stock market become more data-driven and efficient. For NEPSE, the future opportunity lies not simply in replacing traditional investment analysis with AI, but in combining advanced technology with human expertise to make faster, better-informed, and more disciplined investment decisions. Source: https://www.nepjol.info/index.php/jbssr/article/view/98984
Rasuwa-Bhote Koshi Floods: Death Toll Tragically Rises to 177 Amidst Extensive Rescue Operations
Nepal is currently grappling with the devastating aftermath of the Bhote Koshi floods in Rasuwa, as the official death toll has tragically climbed to 177. This grim update comes directly from Police Spokesperson DIG Abinarayan Kafle, who confirmed the recovery of 177 bodies across the severely affected regions. The scale of the disaster continues to unfold, with extensive search and recovery operations actively underway in the riverine areas that bore the brunt of the calamity. The impact of these catastrophic floods has been widespread, affecting multiple provinces across the nation. Bagmati Province, in particular, has borne a significant brunt of the tragedy, with a staggering 106 bodies recovered from various districts within its jurisdiction. Chitwan district alone accounts for a heartbreaking 52 fatalities, highlighting the severe devastation inflicted upon its river-adjacent communities. SSP Rajendra Dhamala provided these provincial figures, underscoring the extensive geographical spread and profound human cost of this natural disaster. Rasuwa, identified as the epicenter of these catastrophic floods, has reported 16 confirmed deaths. Neighboring districts have also suffered considerable losses, with Nuwakot recording 17 fatalities and Dhading reporting 21. Beyond Bagmati Province, the relentless search efforts have extended into Gandaki Province, where additional bodies have been discovered in the riverine areas of Gorkha and East Nawalparasi. Authorities are diligently working to identify these victims, a challenging and emotionally taxing task given the circumstances of the disaster. The ongoing search for the missing and the meticulous collection of bodies remain a top priority for the police and other emergency services. These relentless efforts reflect a profound commitment to bring closure to affected families and to fully ascertain the human cost of this unprecedented natural calamity. The sheer volume of missing persons, coupled with the difficult and often treacherous terrain, presents significant obstacles to the dedicated rescue teams, who are working tirelessly under extremely challenging conditions. For investors, while this is primarily a humanitarian crisis of immense proportions, such large-scale natural disasters inevitably cast a shadow over the national economy and specific sectors. Infrastructure, particularly critical hydropower projects located in the affected regions like Rasuwa, could face significant damage, leading to potential delays in project completion, operational disruptions, and increased repair costs. The vital tourism sector, which relies heavily on the pristine natural beauty of areas like Rasuwa, could also experience a notable downturn in the short to medium term as recovery efforts take precedence and travel advisories might be issued. Furthermore, the government's focus and financial resources will inevitably be diverted towards immediate relief, long-term rehabilitation, and extensive reconstruction efforts, potentially impacting other planned developmental expenditures. The long-term economic recovery of the affected regions will largely depend on the speed and effectiveness of reconstruction initiatives and the inherent resilience of local communities and businesses. This tragic event serves as a stark and somber reminder of the vulnerabilities faced by a developing nation like Nepal to natural hazards and underscores the critical need for robust disaster preparedness, effective mitigation strategies, and resilient infrastructure development.
Nepal Grapples with Devastating Floods: Over 250 Confirmed Dead, Hundreds Missing Amidst Extensive Rescue Operations
Nepal is currently facing a profound humanitarian crisis as devastating floods continue to wreak havoc across multiple districts, leading to a significant loss of life and a large number of missing persons. As of Thursday afternoon, the National Disaster Risk Reduction and Management Authority (NDRRMA) reported a grim toll of 258 confirmed fatalities nationwide. The situation remains critical, with an alarming 910 individuals still reported missing, underscoring the widespread impact of the disaster. The spokesperson for NDRRMA, Shanti Mahat, provided a detailed breakdown of the casualties, revealing the geographical spread of the tragedy. Chitwan district has been particularly hard-hit, accounting for the highest number of recovered bodies at 108. Other severely affected areas include Nawalparasi East with 62 fatalities, Dhading with 27, Gorkha with 20, Nawalparasi West with 15, and both Nuwakot and Tanahu reporting 12 deaths each. Rasuwa, despite being highlighted in initial reports, has recorded two confirmed deaths so far, though the number of missing persons from the region remains substantial. The scale of the missing persons crisis extends beyond the general populace, impacting various sectors and nationalities. The NDRRMA data indicates that 28 personnel from the Nepal Police, 44 from the Nepali Army, and 13 from the Armed Police Force are among the missing, highlighting the risks faced by those on the front lines. Additionally, 15 customs officials and 4 immigration officers are unaccounted for. The disaster has also affected a significant number of foreign nationals, with 517 individuals from 35 different countries reported missing. Furthermore, 127 Nepali citizens residing abroad, who were visiting their homeland, are also among the disappeared. This international dimension adds complexity to the ongoing search and rescue efforts, requiring coordinated communication with various embassies and international bodies. In response to the escalating crisis, a massive search and rescue operation has been launched, involving the full deployment of Nepal's security forces. A staggering 9,260 security personnel from all three branches – the Nepal Police (3,318), Nepali Army (4,200), and Armed Police Force (1,742) – are actively engaged in the field. Their tireless efforts are focused on locating missing individuals, providing aid to stranded communities, and recovering bodies from the debris-strewn floodwaters. The rescue operations have heavily relied on aerial support, with helicopters playing a crucial role in reaching inaccessible areas. As of Thursday 2 PM, 351 affected individuals had been successfully rescued via helicopter. On Thursday alone, a remarkable 69 aerial missions were conducted, demonstrating the intensity and urgency of the rescue efforts. Among those rescued were 46 foreign nationals, who have since been provided with necessary assistance. The NDRRMA has affirmed its commitment to continuing search and rescue operations in the affected regions without pause, emphasizing that every effort is being made to mitigate further loss and provide relief to those impacted. The long-term economic implications of such a widespread disaster are substantial. While the immediate focus remains on humanitarian aid and rescue, the damage to infrastructure, agricultural land, and potential disruption to key economic activities like tourism and hydropower will undoubtedly pose significant challenges for Nepal's recovery. Investors and stakeholders will be closely monitoring the government's response and the broader economic stability in the wake of this national tragedy. The collective efforts of national and international bodies will be crucial in rebuilding the affected communities and restoring normalcy.
Global IME Bank Commits NPR 50 Million to Prime Minister's Disaster Relief Fund Amidst Devastating Bhote Koshi Floods
Nepal's financial sector continues to demonstrate its commitment to national well-being, with Global IME Bank Limited stepping forward to announce a significant financial contribution to the Prime Minister’s Disaster Relief Fund. In response to the catastrophic Bhote Koshi River flood, the bank has pledged NPR 50 million (equivalent to Rs. 5 Crore) to bolster ongoing search and rescue operations, provide immediate humanitarian aid, and support long-term recovery and rebuilding efforts for the communities devastated by the disaster. The recent Bhote Koshi flood has unleashed unprecedented destruction across several districts, including Rasuwa, Nuwakot, Dhading, Gorkha, and Chitwan. These riverbank areas have borne the brunt of the calamity, experiencing immense loss of life, widespread property damage, and the displacement of countless individuals. The scale of the tragedy has left many dead, hundreds missing, and thousands without homes, livelihoods, or essential services. The bank's substantial contribution is earmarked to address these critical needs, facilitating the provision of vital resources such as food, temporary shelter, urgent medical care, and crucial support for the reconstruction of damaged infrastructure and community assets. This comprehensive approach aims not only to alleviate immediate suffering but also to lay the groundwork for sustainable recovery in the affected regions. Global IME Bank's commitment extends beyond mere financial aid; it reflects a deep-seated philosophy of corporate social responsibility (CSR) that has been integral to its operations. The bank has a well-documented history of actively participating in national relief efforts during major disasters that have struck Nepal. This consistent dedication to societal welfare underscores its role as a responsible corporate citizen, aligning its business objectives with the broader developmental and humanitarian needs of the nation. Such proactive engagement in times of crisis not only reinforces the bank's brand image but also builds trust among its stakeholders, including customers, employees, and investors, who increasingly value companies with strong ethical foundations. For investors, Global IME Bank's robust CSR initiatives, particularly its swift response to national emergencies, can be a positive indicator of its long-term stability and ethical governance. A company that demonstrates such commitment to its operating environment often exhibits resilience and a forward-thinking approach to risk management and stakeholder relations. In a developing economy like Nepal, where natural disasters can have profound socio-economic impacts, the active participation of leading financial institutions like Global IME Bank is indispensable. Their contributions provide critical liquidity and resources that complement government efforts, accelerating the recovery process and helping to stabilize local economies. The pledge from Global IME Bank serves as a powerful reminder of the private sector's vital role in national development and crisis management. By channeling resources towards the Prime Minister’s Disaster Relief Fund, the bank ensures that its aid is coordinated and effectively distributed to those most in need, maximizing its impact. This act of solidarity not only provides tangible relief to flood victims but also inspires other corporate entities to contribute to the collective effort of rebuilding and strengthening Nepal's resilience against future calamities. Global IME Bank continues to uphold its commitment to serving the nation, both through its core banking services and its unwavering dedication to social responsibility.
Airline Operators Association Clarifies Robust Rescue Efforts and Fair Pricing Amidst Bhote Koshi Flood Crisis
The Airline Operators Association of Nepal (AOAN) has issued a comprehensive statement expressing profound sorrow over the tragic loss of life and extensive physical damage caused by the recent, unprecedented floods in the Bhote Koshi River region. The association extended heartfelt condolences to the families of both domestic and international tourists, as well as local residents, who perished in the disaster, while also wishing a swift recovery to the injured. This statement underscores the critical role of the aviation sector in national emergencies and its commitment to humanitarian efforts. In this critical hour of crisis, AOAN confirmed that its member airline companies have significantly ramped up search and rescue operations, primarily utilizing helicopters. These aerial assets have been instrumental in reaching remote and inaccessible areas, which are often cut off by landslides and damaged infrastructure during such natural calamities. Helicopters have been actively involved in transporting essential health supplies, relief materials, and security personnel to the flood-affected zones. Furthermore, the swift evacuation of injured individuals to safer locations via helicopter has been a paramount focus, demonstrating the agility and life-saving capability of the private aviation sector in Nepal's challenging mountainous terrain. This rapid deployment of resources highlights the preparedness and operational capacity of Nepali airlines to respond effectively to large-scale emergencies. Amidst the chaos and heightened demand for travel, particularly from affected regions or for relief efforts, concerns about potential price gouging often arise. Addressing these concerns directly, AOAN clarified that despite an overwhelming surge in passenger demand across certain sectors, leading to the depletion of lower-fare tickets, its member airlines are strictly adhering to the government-mandated standard fare rates. The association emphasized that this commitment to fair pricing is driven by a strong sense of humanitarian and social responsibility. This transparency is crucial for maintaining public trust and ensuring that essential travel and relief efforts are not hampered by exorbitant costs during a national crisis. For investors, such a stance reflects well on the corporate governance and ethical framework of the aviation companies, signaling a commitment beyond mere profit maximization, which can contribute to long-term brand value and stakeholder confidence. The Bhote Koshi floods, like many natural disasters in Nepal, have far-reaching consequences beyond immediate human tragedy. They disrupt critical infrastructure, impact the tourism sector – a significant contributor to Nepal's economy – and strain national resources. The proactive and coordinated response from organizations like AOAN, alongside government bodies and other private entities, is vital for mitigating these impacts. The aviation sector, in particular, plays an indispensable role in a landlocked, mountainous country like Nepal, where road networks are often vulnerable to natural calamities. Its ability to provide rapid transport for personnel, supplies, and evacuations is not just a humanitarian service but also a strategic asset for national resilience. For investors monitoring the Nepali market, the actions of industry associations and their member companies during crises offer valuable insights into their corporate social responsibility (CSR) frameworks and operational resilience. Companies that demonstrate robust disaster response capabilities, ethical pricing policies, and active community engagement often exhibit stronger long-term sustainability and a more positive public image. This can translate into greater investor confidence, especially in a market where environmental and social governance (ESG) factors are increasingly gaining prominence. AOAN's clear communication and demonstrated actions in the face of the Bhote Koshi tragedy serve as a testament to the sector's commitment to its stakeholders and the nation. The Airline Operators Association of Nepal's swift response and clear communication regarding the Bhote Koshi floods underscore the critical role of the private sector in national disaster management. Their efforts in deploying helicopters for rescue and relief, coupled with a firm commitment to maintaining government-stipulated ticket prices, exemplify a blend of operational efficiency and social responsibility. As Nepal continues to navigate the challenges posed by natural disasters, the coordinated and ethical actions of key industry players like AOAN will remain paramount in ensuring effective relief, recovery, and the overall resilience of the nation.
Nepal's Political Parties Unite on Flood Relief: A Call for Non-Politicized Aid and Strategic Disaster Management
The recent catastrophic floods, particularly in the Rasuwa district and its surrounding regions including Nuwakot, Dhading, Gorkha, and Chitwan, have inflicted immense human and material losses across Nepal. In an unprecedented display of national unity, eight major political parties have come together, issuing a joint statement that outlines a shared commitment to depoliticize disaster relief efforts and streamline financial aid through official government channels. This collective resolve aims to transcend political differences, prioritizing the immediate safety of citizens and the long-term national interest during this critical period. The 'All-Party Joint Statement and Appeal' underscores a crucial shift towards collaborative disaster management. Leaders from across the political spectrum, including figures like Rabi Lamichhane, Gagan Thapa, Pushpa Kamal Dahal, Shankar Pokharel, Dhruv Rai, Rajendra Lingden, Upendra Yadav, and Chandan Singh, have expressed profound condolences for the lives lost, offered sympathies to the bereaved families, and wished a swift recovery to the injured. Furthermore, the statement lauded the unwavering courage and dedication of the Nepali Army, Nepal Police, Armed Police Force, healthcare workers, civil servants, and volunteers who are at the forefront of the arduous rescue and relief operations. This unified stance by the political leadership is a significant development, signaling a mature approach to national crises that could bolster public trust and enhance the efficiency of relief efforts. A cornerstone of this joint resolution is the emphatic call to prevent the politicization of relief activities. The parties have unequivocally stated that aid should not be leveraged for political popularity or to serve narrow partisan interests. Instead, they have urged all political leaders, members, and well-wishers to foster a spirit of cooperation over competition in rescue and relief work. This directive is particularly vital for an investor audience, as political stability and efficient governance during crises directly impact business continuity and investor confidence. A coordinated, non-partisan approach ensures that resources are allocated based on need, rather than political affiliation, leading to more effective and equitable distribution of aid. To ensure transparency and accountability, the joint statement makes a strong appeal for all financial contributions related to the disaster to be channeled exclusively through the official 'Prime Minister Disaster Relief Fund' or other government-designated accounts. This measure is designed to discourage individual or party-specific fundraising, thereby consolidating relief funds into a single, transparent system. For investors, this move signifies a commitment to good governance and financial oversight, reducing the risks associated with fragmented and potentially opaque fundraising initiatives. It also ensures that funds are managed centrally, allowing for strategic deployment where they are most needed, which can contribute to faster recovery and reconstruction. Beyond immediate relief, the political parties have also advocated for a 'single desk' system for disaster management. This unified command structure aims to eliminate duplication of efforts, enhance transparency, and resolve management challenges that often arise when various individuals, organizations, or political parties undertake separate collection and distribution of financial aid and relief materials. Such an integrated approach is crucial for optimizing resource utilization and ensuring that aid reaches affected populations efficiently. The appeal also extends to responsible communication, urging citizens and media outlets to exercise restraint and discretion when using social media during this sensitive time. The parties cautioned against the dissemination of misleading information or exaggerated visuals, which can exacerbate psychological distress among affected communities and infringe upon the privacy and dignity of victims. They stressed the importance of sharing only verified information from official sources, a principle that underpins stability and prevents panic, which is beneficial for overall societal calm and economic recovery. Looking towards long-term resilience, the political leaders have called for comprehensive scientific studies into the root causes of such devastating floods, particularly focusing on the high risk of glacial lake outburst floods (GLOFs) in Nepal's Himalayan regions and the Tibetan plateau in neighboring China, exacerbated by climate change. They have demanded immediate scientific mapping and assessment of high-risk glacial lakes within Nepal and urged the government to initiate high-level diplomatic efforts with China for joint scientific and technical studies on transboundary glacial lakes. This forward-thinking approach is critical for protecting vital infrastructure, including hydropower projects that are a significant part of Nepal's energy sector and listed on NEPSE. Developing robust early warning systems, including real-time data exchange with China for transboundary river systems, is also a key recommendation to enable timely evacuation and minimize future losses. Finally, the joint statement emphasizes a humanitarian approach, calling for special priority to be given to women, children, the elderly, and persons with disabilities in all rescue and relief operations. This inclusive strategy reflects a commitment to protecting the most vulnerable segments of society. The collective pledge by Nepal's political leadership to rise above ideological differences and unite for national interest during this crisis is a powerful message, offering hope for more effective disaster preparedness and response, which ultimately contributes to a more stable and predictable environment for economic growth and investment.
Devastating Floods in Rasuwa: Over 200 Hydropower Personnel Missing, Projects Face Catastrophic Damage
The tranquil valleys of Rasuwa, a region vital to Nepal's burgeoning hydropower sector, have been plunged into crisis following unprecedented floods in the Bhote Koshi and Trishuli rivers. The devastating deluge has inflicted severe human and physical damage on several key hydropower projects, leaving over 200 employees and workers missing and many more trapped, sending shockwaves through the nation's energy landscape and investor community. Initial reports paint a grim picture, detailing the disappearance of more than 200 individuals across five major hydropower projects, with some tragically confined within submerged tunnels. The scale of the disaster underscores the inherent risks associated with large-scale infrastructure development in Nepal's challenging mountainous terrain, particularly during the volatile monsoon season. Among the hardest hit is the **Upper Trishuli-1 Hydropower Project (216 MW)**, currently under construction and a cornerstone of Nepal's future energy supply. The project has reported the most significant casualties, with 76 employees of its electro-mechanical contractor, Andritz Hydro, unaccounted for. This group comprises both Nepali and foreign nationals, highlighting the international collaboration involved in such ventures. Adding to the concern, 11 employees from the project's promoter company, including 8 Korean citizens, are also missing, alongside 7 project consultants. Rescue efforts are critically focused on the headworks area, where 12 individuals are awaiting assistance, and the powerhouse region, where over 200 workers are stranded, their fate hanging precariously in the balance. The **Langtang Khola Hydropower Project (20 MW)** faces an equally dire situation, with an estimated 60 individuals—25 staff and 35 workers—trapped within its tunnels. Communication with these individuals has been entirely severed, intensifying fears for their safety. Rescue operations are severely hampered by the lack of available helicopters, a critical resource for accessing the remote and flood-affected areas. Further downstream, the **Rasuwagadhi Hydropower Project (111 MW)** has reported 51 employees missing in the aftermath of the floods. While three individuals managed to save themselves by seeking refuge on higher ground in the Timure area, the vast majority remain unaccounted for, with all communication links completely severed. Similarly, the **Mailung Khola Hydropower Project (5 MW)** has been unable to contact 8 employees working at its power station since Wednesday, prompting plans for an urgent aerial survey via helicopter to ascertain their condition. Even the operational **Rasuwa Bhote Koshi Hydropower Project (120 MW)** has not escaped unscathed, with two workers from its civil contractor, Sino Hydro, reported missing. Fortunately, five other personnel—three Chinese and two Nepali—were able to find shelter in a nearby village, and efforts are underway to evacuate them by helicopter. The overarching challenge in this unfolding tragedy is the immense difficulty of rescue operations. Extensive damage to road networks by floods and landslides has rendered ground access impossible, while widespread communication outages have made it arduous to gather accurate information on the full extent of the damage and the precise locations of the missing. Compounding these issues are adverse weather conditions and the rugged, inaccessible topography, which have caused significant delays in helicopter-based rescue missions. The Ministry of Energy is actively coordinating with the Ministry of Home Affairs to mobilize all available resources and expedite rescue efforts, but the scale of the disaster presents a formidable challenge. For investors, this incident underscores the significant operational and financial risks inherent in the hydropower sector, particularly in a country prone to natural disasters. Project delays, potential cost overruns for reconstruction, and the tragic loss of skilled personnel could have long-term implications for the affected companies and the broader energy market. The incident serves as a stark reminder of the need for robust disaster preparedness and resilient infrastructure design in Nepal's critical energy projects. The nation watches with bated breath as rescue teams battle against time and nature to bring relief to those affected by this catastrophic event.
Kumari Bank Contributes Rs. 30 Million to PM Disaster Relief Fund
Kumari Bank Limited has contributed Rs. 3 crore to the Prime Minister Disaster Relief Fund under it's corporate social responsibility (CSR) programme, aimed at supporting relief, rescue and rehabilitation efforts in communities affected by recent floods and natural disasters across the country. The bank has also sent equipment worth around Rs. 39 lakh to the Nepal Army camp in Nuwakot to strengthen search, rescue and monitoring operations in disaster hit areas. This includes five advanced GPS- fitted surveillance drones, three portable generators of 5 KVA capacity, and 100 power banks. Recent disasters have affected districts including Rasuwa, Nuwakot, Dhading, Gorkha and Chitwan. The bank said the support was extended in coordination with the Government of Nepal to help provide relief materials, food, temporary shelter and other humanitarian assistance to affected families. Kumari Bank said it has consistently upheld its social responsibility toward communities during disasters and humanitarian crises, expressing confidence that the contribution would meaningfully support ongoing relief, rescue and rehabilitation efforts. The bank urged concerned authorities to further strengthen relief and rescue operations, and wished for the speedy recovery of the injured and the safe rescue of those still missing.
Vivo Bolsters Nepal Market Share with Strategic Launch of Budget-Friendly Y05e Smartphone
Vivo, a prominent global smartphone manufacturer, has made a strategic move to reinforce its position in the competitive Nepali market with the introduction of the Y05e. This new addition to its popular Y Series lineup is meticulously designed to cater to the burgeoning segment of consumers seeking reliable performance, robust durability, and affordability in their daily digital companions. The launch underscores Vivo's commitment to delivering advanced technology tailored to the specific needs and purchasing power of the Nepali populace. The Y05e is positioned as a budget-friendly device, yet it comes packed with features that promise a superior user experience. A standout characteristic is its impressive 5150mAh battery, engineered not just for extended usage but also for long-term reliability, boasting a 4-year battery health guarantee. This addresses a critical consumer pain point in emerging markets where consistent power access can be a challenge, ensuring users remain connected throughout their day without frequent recharges. Furthermore, the device's IP64 rating provides significant protection against dust ingress and light splashes, making it suitable for Nepal's diverse environmental conditions and daily wear and tear. Vivo's proprietary Anti-Drop Design further enhances its durability, offering peace of mind to users concerned about accidental damage. Under the hood, the Vivo Y05e runs on OriginOS 6, an optimized operating system designed to deliver a smooth and intuitive user interface. The display features a peak brightness of up to 570 nits, ensuring clear visibility even under bright sunlight, which is a crucial aspect for outdoor usage. Complementing the visual experience, the smartphone incorporates a 200% Volume Boost feature, significantly enhancing audio output for calls, multimedia consumption, and gaming. These features collectively aim to provide a comprehensive and engaging user experience that belies its budget-friendly price point. In terms of specifications, the Vivo Y05e is available in a single configuration, offering 4GB of RAM paired with 64GB of internal storage. This configuration is deemed sufficient for everyday multitasking, app usage, and storing essential files and media for the target demographic. Priced competitively at Rs 19,999, the Y05e is strategically positioned to capture a significant share of the entry-to-mid-range smartphone market in Nepal. This pricing strategy reflects Vivo's understanding of market dynamics and consumer purchasing power in the region, aiming to make advanced smartphone technology accessible to a broader audience. Availability is widespread, ensuring easy access for consumers across the country. The Vivo Y05e can be purchased from authorized Vivo retail stores located throughout Nepal, providing a traditional hands-on purchasing experience. Additionally, for the growing segment of online shoppers, the device is also available via Daraz, Nepal's leading e-commerce platform. This dual-channel distribution strategy maximizes reach and convenience, catering to diverse consumer preferences and further solidifying Vivo's market presence. The launch of the Y05e is a clear indication of Vivo's ongoing commitment to innovation and market expansion within Nepal, promising to be a significant contender in the budget smartphone segment.
Sanjen Hydropower Projects Remain Undamaged Despite Flood-Induced Power Evacuation Disruption
Sanjen Jalavidhyut Company Limited has confirmed that the structures of its Sanjen Hydropower Project and Upper Sanjen Hydropower Project have not suffered any damage from the massive flood that swept through the Bhotekoshi River corridor in Rasuwa. The company said a sudden and devastating flood entered Nepal through Rasuwagadhi from the Tibet region of China on Bhadra 10, 2083, causing extensive damage to several hydropower projects, Nepal Electricity Authority (NEA) transmission lines and substations in the area. As a result of the damage to the electricity infrastructure, power supply from the affected area has been completely disrupted. According to Sanjen Jalavidhyut Company, both the Sanjen and Upper Sanjen hydropower plants were forced to shut down because electricity generated by the projects could not be evacuated. The shutdown was caused by damage to the Trishuli 3B Hub and the Chilime–Trishuli 220 kV transmission line, rather than damage to the hydropower plants themselves. The company clarified that there has been no damage to the physical structures of either hydropower project due to the flood. The disruption in power evacuation has, however, prevented the two plants from transmitting electricity to the national grid, resulting in their temporary closure. The company said it issued the information to clarify the status of its projects amid the widespread damage caused by the flood in the Bhotekoshi River area.
Bonus Shares of Two Companies Listed on NEPSE
70,25,917.54 unit bonus shares of Chilime Hydropower Company Limited (CHCL) have been listed in NEPSE. The company convened its 29th AGM on Poush 30, 2082, and endorsed a 12% dividend for the fiscal year 2081/82. The board of directors meeting held on Poush 08 had decided to distribute a 8% bonus shares worth Rs. 70.25 and 4% cash dividends (including tax) worth Rs. 35.12 Crores. The same bonus shares are now listed in NEPSE. CHCL closed at Rs. 427.00. 14,79,831.65 unit bonus shares of Prabhu Insurance Company Limited (PRIN) have been listed in NEPSE. The company convened its 30th AGM on 9th Baisakh, 2083, and endorsed a 9.4579% dividend for the fiscal year 2081/82. The board of directors meeting decided to distribute a 8.7% bonus shares worth Rs. 14.79 Crores and 0.4579% cash dividend (for tax purposes) worth Rs. 77.88 Lakhs. The same bonus shares are now listed in NEPSE. PRIN closed at Rs. 600.00.
Tragedy Strikes Upper Trishuli 3A Hydropower: 46 Personnel Missing Amidst Devastating Rasuwa Floods
The Nepal Stock Exchange (NEPSE) community and the nation at large are reeling from the devastating news emerging from Rasuwa district, where severe floods have led to the disappearance of 46 personnel from the crucial Upper Trishuli 3A Hydropower Project. This tragic incident underscores the immense human and infrastructural toll exacted by the recent torrential rains and subsequent flooding in the region. The Upper Trishuli 3A Hydropower Project, a vital 60-megawatt facility, plays a significant role in bolstering Nepal's national grid and contributing to the country's energy independence. The project's powerhouse and dam areas have sustained extensive damage, and it is within these critical operational zones that the 46 employees were on duty when contact was lost. The Nepal Electricity Authority (NEA), which oversees the project, has released a list of the missing, revealing a broad spectrum of personnel, from high-ranking engineers to essential security guards and support staff. Among the missing are key figures such as Assistant Manager Binod Prasad Pandey, Civil Engineer Dilip Yadav, and Mechanical Engineers Rajendra Dhakal and Mahendra Bikram Shahi. The list also includes seven assistant engineers, six supervisors, eleven foremen, an electrician, four junior mechanics, three office assistants, three helpers, two mechanical and technical supporters, a sweeper, and seven security guards. This diverse group highlights the comprehensive impact of the disaster on the project's operational backbone. The NEA has further clarified that while the majority are permanent employees, some were working under daily wage contracts or through service agreements with firms like Infotech Nepal Security and Gorkhali Yoddha. The immediate aftermath has seen intensive search and rescue operations launched, though the challenging terrain and ongoing flood conditions are severely hampering efforts. Concurrently, a detailed assessment of the damage to the project's infrastructure is underway. The loss of a 60 MW facility, even temporarily, could have ripple effects on the national power supply, potentially leading to increased reliance on alternative energy sources or even load shedding, impacting industries and daily life. For investors, this incident serves as a stark reminder of the inherent risks associated with infrastructure projects in geographically vulnerable regions, particularly concerning natural disasters. The Rasuwa floods have caused widespread devastation, affecting not only critical infrastructure like hydropower plants but also disrupting banking services, transport networks, and local communities. While other news has focused on the broader impact on the banking sector or specific relief efforts, the tragedy at Upper Trishuli 3A brings into sharp focus the human cost of such calamities on vital national projects. The long-term implications for the project's operational timeline, reconstruction costs, and the morale of the energy sector workforce are significant. The nation mourns the potential loss of these dedicated individuals who were at the forefront of powering Nepal's progress. The list of missing personnel, including Binod Prasad Pandey, Dilip Yadav, Rajendra Dhakal, Mahendra Bikram Shahi, Santosh Kumar Thakur, Indra Adhikari, Om Prakash Chaudhary, Khemraj Bhattarai, Bikash Yadav, Ramesh Kumar Yadav, Bishnu Bhandari, Aita Tamang, Saugarath Yadav, Hari Bahadur Bogati, Rabina Tulsibakhyo, Sanjay Shah, Ramila Bhandari, Rowan Parajuli, Surya Bahadur KC, Khagendra Magarati, Narayan Prasad Acharya, Amarkant Chaudhary, Dev Giri, Sudeep Kumar Shrestha, Jitendra Kumar Gupta, Asmita Lama, Kabir Maharjan, Tej Bahadur Jirel, Jiblal Adhikari, Til Bahadur Rana, Kirta Singh Bisht, Niraj Babu Regmi, Shyamnand Adhikari, Rajkumar Bhattarai, Kanchi Gurung Chaudhary, Shanti Maya Tamang, Ramsharan Neupane, Jhapat Bahadur Gharti, Asmila Lama, Hark Bahadur Tamang, Meena Shahi, Tek Bahadur Tamang, Roshani Tamang, Milan Tamang, Koman Singh Tamang, and Sushan Tamang, serves as a poignant reminder of the profound human element intertwined with national development projects. The recovery and rebuilding efforts will undoubtedly be extensive, requiring concerted national and international support to restore both the project and the affected communities.
Nepal Secures NPR 25 Billion in International Aid, Allocates NPR 10 Billion for Disaster Management Amidst Widespread Flooding
Nepal is currently grappling with the devastating aftermath of widespread natural disasters, including severe floods, landslides, and inundation across various regions. In response to this national crisis, Finance Minister Dr. Swarnim Wagle has assured the public and international community that the government is fully committed to mobilizing all necessary resources for immediate rescue, relief, and long-term reconstruction efforts. Speaking to journalists after a high-level meeting with top political party leaders at Singha Durbar, Dr. Wagle underscored the government's rapid action in resource management to mitigate the impact of the calamity. The immediate priority remains the rescue of stranded citizens and foreign tourists. Dr. Wagle confirmed that 22 helicopters have been deployed to assist in these critical operations, navigating challenging weather conditions and difficult geographical terrains to reach affected areas. This extensive deployment highlights the urgency and scale of the ongoing humanitarian crisis. From a financial perspective, the government is actively pursuing both domestic and international avenues to secure funding for post-disaster rehabilitation and reconstruction. A significant breakthrough has been achieved with the World Bank, which has committed approximately NPR 25 billion (equivalent to roughly USD 187 million) in financial assistance. This crucial support is expected to play a pivotal role in Nepal's recovery journey. Furthermore, commitments for aid have also been received from key international partners, including China, India, Japan, the Asian Development Bank (ADB), and the International Federation of Red Cross and Red Crescent Societies (IFRC), signaling a robust global response to Nepal's plight. Domestically, the government has already allocated NPR 10 billion for disaster management in the current fiscal year's budget. This allocation is supplemented by existing funds, with NPR 2.34 billion available in the Prime Minister's Disaster Relief Fund and an additional NPR 1.17 billion in the Ministry of Home Affairs' fund. These readily available resources ensure that there will be no immediate shortage of funds for urgent rescue and relief operations, allowing the government to respond effectively to the immediate needs of the affected population. The economic ramifications of the disaster are substantial. Preliminary assessments indicate severe damage to critical infrastructure, including 25 concrete bridges. More concerning for the energy sector and investors, private sector hydropower projects with a combined capacity of 700 megawatts have also sustained significant damage. This loss of generation capacity will undoubtedly impact the national power grid and could have broader implications for industrial output and economic activity, at least in the short to medium term. Investors in the hydropower sector, in particular, will be closely monitoring the assessment of damages and the timeline for restoration. Looking ahead, Finance Minister Wagle emphasized the need for a unified approach involving the government, political parties, the private sector, and civil society to overcome the current crisis. He drew parallels with the reconstruction efforts following the devastating 2015 earthquake, advocating for a similar "grand campaign for reconstruction" based on scientific facts and meticulous planning. This long-term vision aims not just to rebuild what was lost but to construct more resilient infrastructure, better equipped to withstand future natural calamities. For investors, this signals potential opportunities in construction, infrastructure development, and related sectors as the nation embarks on a comprehensive rebuilding phase. However, it also highlights the inherent risks associated with investing in a region prone to natural disasters, necessitating thorough due diligence and risk assessment. The government's commitment to a structured and scientifically-backed reconstruction plan provides some assurance, but the scale of the challenge remains immense.
Nepal's Inflation Surges to 5.14%, Driven by Soaring Fuel, Food, and Transport Costs
Nepal is currently experiencing a notable resurgence in inflationary pressures, with the latest data from Nepal Rastra Bank (NRB) indicating a significant jump in consumer prices. According to the central bank's 12-month report for the fiscal year 2082/83 (ending mid-July 2026), the annual point-to-point consumer price inflation escalated to 5.14% in Ashar 2083 (mid-July 2026). This marks a substantial increase compared to the mere 2.20% recorded in Ashar of the preceding fiscal year, 2081/82. While the annual average inflation for FY 2082/83 stood at a more moderate 3.08%, a decrease from the 4.06% average of the previous fiscal year, the recent sharp acceleration in point-to-point inflation suggests a renewed and intensifying burden on consumers. This divergence between average and point-to-point figures highlights that while overall price stability might have been maintained for a portion of the year, the latter part has seen a rapid escalation in the cost of living. A closer examination of the Consumer Price Index (CPI) reveals that the surge is primarily driven by specific commodity groups. The "Food and Beverage" category witnessed a 5.25% price increase in Ashar. Within this crucial segment, fruits became significantly more expensive, with prices soaring by 15.98%. Similarly, ghee and edible oils saw a substantial hike of 15.37%. Other food items also contributed to the upward trend, with fish and meat prices rising by 7.36%, dairy products and eggs by 2.27%, and vegetables by 1.68%. Interestingly, pulses and legumes offered a slight reprieve, becoming cheaper by 0.14%. However, the "Non-Food and Services" group emerged as an even more potent contributor to the inflationary surge. Transportation costs, a critical component for both individuals and businesses, spiked by a remarkable 12.02%. This increase in transport expenses has a cascading effect, influencing the prices of goods and services across various sectors. Education costs also saw a notable rise of 5.54%, impacting household budgets significantly. Apparel and footwear became 5.53% more expensive, while hotel and restaurant services increased by 4.16%. Health services also experienced a price hike of 2.27%. Looking at the average inflation across the entire fiscal year 2082/83, the "Food and Beverage" group showed a relatively modest average inflation of 1.04%, a stark contrast to the 4.69% average recorded in the previous fiscal year. This suggests that while recent months have seen food prices climb, the earlier part of the fiscal year might have experienced more stable or even declining food costs. Conversely, the "Non-Food and Services" group recorded a higher average inflation of 4.21% for the full fiscal year. Within this category, miscellaneous goods and services saw an alarming average increase of 17.61%, followed by education at 7.04%, transportation at 5.80%, and clothing and footwear at 5.56%. This data underscores a shift in the primary drivers of inflation. While food prices have seen a recent uptick, the persistent and significant increases in the cost of transportation, education, and other essential services are exerting considerable pressure on household budgets and overall economic stability. For investors, this inflationary trend signals potential impacts on consumer spending power, corporate profitability, and interest rate policies. The central bank will likely monitor these developments closely, and further policy adjustments might be considered to manage price stability in the coming months. The sustained rise in non-food and service sector costs suggests structural pressures that could pose a challenge to long-term economic planning and growth.
Nepal's Share-Backed Margin Lending Surges by 18% to NPR 166.5 Billion, Outpacing Overall Credit Expansion
Nepal's capital market is witnessing a significant surge in share-backed margin lending, with the total volume from banks and financial institutions escalating by an impressive 18.34% over the past year. This robust growth has pushed the total margin loan portfolio to NPR 166.50 billion as of Ashar (mid-July) of the fiscal year 2082/83 (2025/26 AD), according to the latest data released by Nepal Rastra Bank (NRB). This substantial increase represents an additional NPR 25.81 billion in margin loans within a single year, up from NPR 140.70 billion recorded in the previous Ashar. What makes this trend particularly noteworthy is its pace: the NRB data reveals that the expansion of margin lending is considerably faster than the overall credit growth across the banking and financial system. While the total credit extended by banks and financial institutions grew by 6.48% in FY 2082/83, share-backed margin lending surged by 18.34% – a growth rate nearly three times higher than the general credit expansion. Delving deeper into the composition of these loans, it's evident that larger credit facilities dominate the margin lending landscape. Loans exceeding NPR 1 crore constitute the largest segment, growing by 20.75% over the year to reach NPR 119.45 billion. This category alone accounts for approximately 72% of the total margin lending, indicating a significant concentration among larger investors or institutional players. In the previous Ashar, this segment stood at NPR 98.93 billion, meaning an increase of NPR 20.53 billion in this category alone. Furthermore, when combining loans above NPR 50 lakh, the figure rises to NPR 138.61 billion, representing about 83% of the total margin loans, underscoring the prevalence of substantial leveraged positions in the market. Other segments also experienced growth, albeit at varying rates. Margin loans ranging from NPR 50 lakh to NPR 1 crore increased by 19.49% to NPR 19.15 billion. Loans between NPR 25 lakh and NPR 50 lakh saw a 7.34% rise, reaching NPR 18.85 billion, while those below NPR 25 lakh grew by 10.59% to NPR 9.04 billion. The expansion of margin lending is not a recent phenomenon but rather a sustained trend. NRB data shows that in Ashar 2081, such loans amounted to NPR 90.09 billion. This figure then climbed to NPR 140.70 billion in Ashar 2082 and further to NPR 166.50 billion in Ashar 2083. Over this two-year period, margin lending has expanded by more than NPR 76.42 billion, reflecting a consistent appetite for leverage in the stock market. However, while the absolute value of margin loans continues its upward trajectory, the *rate* of growth has shown a deceleration. In FY 2081/82, margin lending experienced a remarkable 56.17% increase, jumping from NPR 90.09 billion to NPR 140.70 billion. In contrast, the growth in FY 2082/83 was limited to 18.34%. This indicates that while the market continues to attract capital through leverage, the explosive growth seen in the preceding year has moderated, suggesting a more measured expansion. For investors, this trend presents a dual perspective. On one hand, the robust growth in margin lending signals increased investor confidence and participation in the stock market, potentially indicating a bullish sentiment. On the other hand, it also highlights the inherent risks associated with leveraged investments. A significant downturn in share prices could trigger margin calls, forcing investors into distressed selling and potentially amplifying losses. From the banking sector's viewpoint, while margin loans offer attractive returns, they also carry collateral risk if the underlying share values depreciate sharply. The Nepal Rastra Bank, as the central regulatory authority, will undoubtedly continue to monitor these trends closely to ensure financial stability. This increased activity in the capital market coincides with the period when listed companies in the Nepali capital market have begun distributing returns to their shareholders from the previous fiscal year's earnings. Several companies have already announced their dividends, with more expected to follow suit. This dividend season often fuels investor interest and demand, potentially contributing to the sustained, albeit moderating, growth in margin lending as investors seek to capitalize on market opportunities. The interplay between dividend announcements, investor sentiment, and the availability of leverage will continue to shape the dynamics of the Nepali stock market.
Bhote Koshi Flood Crisis: Over 600 Tourists and Tourism Personnel Missing, NATTA Initiates Urgent Data Collection
Nepal's vibrant tourism sector, a cornerstone of its economy, faces a severe setback following the devastating floods in the Bhote Koshi River in Rasuwa district. The Nepal Association of Tour and Travel Agents (NATTA) has issued an urgent circular, revealing an alarming situation where a significant number of tourists and tourism professionals have gone missing. This catastrophic event, which occurred on Bhadra 10 (August 26) at approximately 8:30 AM, has inflicted unprecedented damage on the region and raised serious concerns across the industry. According to preliminary reports from the Nepal Tourism Board, a total of 384 travelers who were on tours organized by various travel agencies are currently unaccounted for in the affected areas. This figure includes 291 foreign nationals and 93 Nepali tourists, underscoring the international dimension of this tragedy. Expanding on these initial findings, NATTA has reported that the total number of individuals associated with the tourism sector who are now missing stands at a staggering 644. This includes not only tourists but also guides, porters, and other support staff vital to the industry. The impact is widespread, affecting numerous travel agencies. Specific companies have reported substantial numbers of missing clients: Leaf Holiday accounts for 55 individuals, Himalayan Glacier for 52, Kailash Journey for 31, Fishtail Tour & Travels for 27, and Alpine Eco Trek for 20. Other agencies also grappling with missing persons include Kathmandu Holiday Tour (17), Richa Tour (12), Samrat Tour (9), Trekkers Society (9), Explore Vacation (7), Worldwide Travel (2), and Rosha Travels (1). These figures paint a grim picture of the immediate human cost and the operational challenges now confronting these businesses. In response to this unfolding crisis, NATTA General Secretary Raj Kumar Devkota has urged all member companies to promptly submit detailed information regarding any missing tourists, employees, vehicles, or physical damage sustained due to the floods. This critical data can be submitted through the NATTA secretariat or a dedicated Google Form. The association has committed to leveraging this information to coordinate swiftly with relevant security agencies, the Nepal Tourism Board, and local administrations. The primary objective is to expedite search and rescue operations and provide necessary facilitation to those affected, ensuring a unified and effective response. The Bhote Koshi region, particularly within Rasuwa, is a popular destination for trekking, adventure tourism, and pilgrimage, serving as a gateway to various Himalayan trails and religious sites. The disruption caused by these floods not only poses an immediate humanitarian crisis but also carries significant economic implications for Nepal's tourism industry. This sector, which has been striving for recovery after the devastating 2015 earthquake and the prolonged COVID-19 pandemic, now faces another formidable challenge. Investors with stakes in hospitality, travel agencies, airlines, and related infrastructure should closely monitor the situation, as the short-to-medium term outlook for tourism in the affected regions may see significant adjustments. The government, alongside various non-governmental organizations and private sector bodies, is intensifying rescue and relief efforts in the flood-hit areas. However, the rugged terrain and ongoing challenges posed by the natural disaster make these operations inherently difficult. The coordinated efforts of NATTA and other stakeholders are crucial in mitigating the impact and ensuring a swift, compassionate response. As the nation grapples with this tragedy, the resilience of the Nepali people and the concerted actions of its institutions will be paramount in navigating this crisis and rebuilding the affected communities and the vital tourism infrastructure.
NADA Pledges NPR 1 Million for Bhote Koshi Flood Victims, Auto Show Continues Amidst Crisis
The Nepal Automobiles Dealers' Association (NADA) has stepped forward with a significant pledge of NPR 1 million to aid the victims of the devastating Bhote Koshi River floods. This announcement, made via a press statement on Thursday, follows the sudden and severe flooding that struck the Bhote Koshi region on Wednesday, causing widespread destruction and displacement. NADA has confirmed that the pledged amount will be deposited directly into the Prime Minister's Disaster Relief Fund, ensuring that the aid reaches those most in need for relief and rehabilitation efforts. This swift action by NADA underscores the critical role corporate bodies play in national disaster response. The Bhote Koshi floods have once again highlighted Nepal's vulnerability to natural disasters, particularly during the intense monsoon season. The rapid rise in water levels has led to extensive damage to infrastructure, homes, and livelihoods, prompting urgent calls for national support. In this critical time, NADA's contribution underscores the growing commitment of corporate entities in Nepal to fulfill their social responsibilities and assist communities grappling with unforeseen calamities. Such contributions are vital in supplementing government efforts and providing immediate relief to affected populations, helping them rebuild their lives and communities. The Prime Minister's Disaster Relief Fund serves as a centralized mechanism, ensuring transparency and efficient allocation of resources to the most severely impacted areas and individuals. Adding another layer to its response, NADA has also clarified its stance on the ongoing 18th NADA Auto Show at Bhrikutimandap. Despite the natural disaster unfolding concurrently with the exhibition, NADA has made the strategic decision to proceed with the Auto Show as planned. This decision, while potentially raising questions regarding sensitivity, is rooted in the association's firm belief in maintaining economic momentum even in challenging times. NADA emphasized that it is imperative to keep economic activities vibrant and operational, even as the nation collectively navigates the aftermath of the disaster. The association stated, "Since there is a situation where we have to deal with the disaster while keeping economic activities vibrant, the NADA Auto Show will continue. We appeal to everyone to work together during this disaster and also move forward with economic activities simultaneously." This reflects a pragmatic approach to balancing immediate humanitarian concerns with long-term economic stability. The NADA Auto Show is a cornerstone event for Nepal's automotive sector, serving as a crucial platform for manufacturers, dealers, and consumers. It drives significant sales, introduces new technologies and models, and generates substantial economic activity, including employment and revenue generation across various ancillary industries. The decision to continue the show reflects a delicate balance between acknowledging the national tragedy and ensuring that vital economic engines do not stall. For investors, this move signals resilience within the automotive industry and a strategic approach to corporate governance that integrates social responsibility with business continuity. It demonstrates a commitment to both supporting the nation in crisis and sustaining the economic health of a key sector, which can be a positive indicator for the broader market sentiment. NADA's dual approach – providing financial aid to flood victims while simultaneously ensuring the continuity of a major economic event – has been largely viewed positively. It exemplifies how businesses can contribute to disaster relief through direct financial support while also playing a crucial role in stabilizing the broader economy. This strategy is particularly vital for a developing nation like Nepal, where economic disruptions can have far-reaching consequences on livelihoods and national progress. The enthusiasm and professional atmosphere observed at the Auto Show, coupled with NADA's philanthropic gesture, reinforce the idea that corporate entities can, and should, be proactive partners in national development and crisis management. This commitment to both social welfare and economic stability sets a precedent for other industries to follow, fostering a more robust and responsible corporate landscape in Nepal.
Power Supply Restored in Flood Hit Areas of Nuwakot
The Nepal Electricity Authority (NEA) has restored electricity in several flood affected areas of Nuwakot after the Bhotekoshi River flood disrupted the regular power supply. Areas including Kharanitar, Samundratar, Chaugada, Likhu, Panchakanya and Bidur are now receiving electricity through an alternative supply route from Sindhupalchok. The NEA is also working to restore additional lines serving the affected areas and aims to bring them into operation by this evening. Some parts of the Trishuli area are being supplied through the Salayantar substation in Dhading. The authority has deployed technical teams, equipment and other resources from Kathmandu and nearby areas to inspect and repair damaged power infrastructure and restore normal supply as soon as possible. The move follows instructions from Energy, Water Resources and Irrigation Minister Biraj Bhakta Shrestha to speed up rescue efforts for affected and unreachable employees and take immediate steps to restore electricity services.
Kumari Bank Bolsters National Disaster Relief Efforts with Rs. 3 Crore Contribution and Critical Equipment
Nepal has recently faced a series of devastating natural disasters, particularly severe floods and landslides that have impacted numerous districts, causing widespread displacement, loss of life, and significant damage to infrastructure. In response to this pressing national crisis, Kumari Bank Limited has stepped forward with a substantial contribution, reinforcing its commitment to corporate social responsibility (CSR) and community welfare. The bank has announced a significant contribution of Rs. 3 crore (30 million Nepali Rupees) to the Prime Minister Disaster Relief Fund, a critical national mechanism for coordinating and funding relief, rescue, and rehabilitation efforts across the country. This substantial financial pledge is complemented by a strategic in-kind donation aimed at enhancing the operational capabilities of rescue teams on the ground. Kumari Bank has dispatched essential equipment valued at approximately Rs. 39 lakh (3.9 million Nepali Rupees) to the Nepal Army camp in Nuwakot, a region severely affected by the recent calamities. This vital consignment includes five advanced GPS-fitted surveillance drones, three portable generators with a capacity of 5 KVA each, and 100 high-capacity power banks. These tools are meticulously chosen to address immediate operational needs in disaster-stricken zones. The drones will provide crucial aerial reconnaissance, aiding in search and rescue missions, assessing damage, and identifying safe routes in inaccessible terrains. The portable generators are indispensable for powering communication devices, medical equipment, and temporary shelters in areas where electricity infrastructure has been compromised. Similarly, the power banks will ensure that rescue personnel and affected individuals can maintain vital communication links, which are often the first to fail during widespread power outages. The recent floods and landslides have wreaked havoc across several districts, including Rasuwa, Nuwakot, Dhading, Gorkha, and Chitwan, leaving countless families in urgent need of assistance. Kumari Bank's support is being extended in close coordination with the Government of Nepal, ensuring that resources are deployed efficiently and effectively to provide immediate relief materials, food supplies, temporary shelter, and other humanitarian aid to the affected families. This collaborative approach underscores the importance of public-private partnerships in national disaster response, leveraging the strengths of both sectors to maximize impact and accelerate recovery efforts. Kumari Bank has consistently demonstrated its unwavering commitment to social responsibility, particularly during times of national crisis and humanitarian emergencies. The bank’s management expressed confidence that this multi-faceted contribution, encompassing both financial aid and critical equipment, will meaningfully bolster the ongoing relief, rescue, and rehabilitation efforts. Such initiatives not only provide immediate assistance but also contribute to the long-term resilience and recovery of the affected communities, aligning with the bank's broader vision of sustainable development and community upliftment. For investors, a company's robust CSR initiatives, especially during national emergencies, reflect strong ethical governance and a commitment to stakeholder value beyond mere financial returns. Such actions can significantly enhance brand reputation, foster customer loyalty, and attract socially conscious investors, contributing to the bank's long-term stability and growth. By actively participating in national recovery efforts, Kumari Bank reinforces its position as a responsible corporate citizen, deeply integrated into the fabric of Nepali society and committed to its well-being. Furthermore, the bank has taken the opportunity to urge concerned authorities to further intensify and strengthen relief and rescue operations, acknowledging the immense challenges faced by first responders. It also extended heartfelt wishes for the speedy recovery of those injured and the safe rescue of individuals who are still reported missing. This comprehensive response from Kumari Bank highlights the critical role financial institutions play not just in economic development but also in humanitarian aid and national resilience building, showcasing a holistic approach to corporate citizenship.
Global IME Bank Pledges Rs. 50 Million for Flood Relief
Global IME Bank Limited has announced financial support of Rs. 50 million to the Prime Minister’s Disaster Relief Fund to support search and rescue, immediate relief, and long term recovery efforts for people affected by the devastating Bhotekoshi River flood. The flood has caused major loss of life and property across riverbank areas of Rasuwa, Nuwakot, Dhading, Gorkha, and Chitwan, leaving many people dead, missing, and displaced. The bank said its support will help provide food, shelter, medical care, and support for rebuilding damaged infrastructure. The bank has said it has regularly provided financial and other assistance during major disasters in Nepal as part of its social responsibility.
Nepal's Banking Sector Grapples with Rasuwa Flood Aftermath: Services Disrupted, Bankers' Association Pledges Support
The recent devastating floods in Rasuwa and surrounding districts have unleashed a wave of destruction, claiming lives and causing extensive material damage. In response to this profound natural calamity, the Nepal Bankers' Association (NBA) has issued a statement expressing deep sorrow and offering heartfelt condolences to the victims and their bereaved families. The scale of the disaster has not only brought immense human suffering but has also significantly impacted critical infrastructure, including the operational capabilities of the banking sector in the affected regions. Several bank branches located in the flood-hit areas have been directly affected by inundation and physical damage. More critically, the widespread disruption of essential services such as electricity and communication networks has posed severe challenges to the continuity of regular banking operations. For investors and the general public, this means that vital financial transactions, including deposits, withdrawals, loan disbursements, and digital banking services, may experience significant delays or temporary unavailability in Rasuwa and other heavily impacted zones. The smooth functioning of these services is paramount for local economies, and their disruption can have immediate and cascading effects on businesses and daily livelihoods. Despite these formidable obstacles, the Nepal Bankers' Association has affirmed that its member banks are making strenuous efforts to maintain service continuity. Banks are actively exploring and implementing alternative arrangements and maximizing the utilization of available resources to ensure that essential financial services remain accessible to the affected populace. This commitment underscores the banking sector's crucial role as a pillar of economic stability, even in times of crisis. The immediate priority is to support affected customers and facilitate their urgent financial needs amidst the chaos. Furthermore, the NBA has reiterated its unwavering commitment to collaborating closely with the Nepal government, Nepal Rastra Bank (NRB), and other relevant regulatory and relief agencies. This coordinated approach is vital for streamlining relief, rescue, and rehabilitation efforts in the flood-devastated areas. The banking sector stands ready to lend its full support to these national endeavors, recognizing that a robust financial infrastructure is essential for both immediate recovery and long-term reconstruction. This could involve facilitating financial aid, providing flexible loan repayment options, or supporting community-based recovery projects. A particularly poignant aspect of the disaster highlighted by the NBA is the concern for bank employees who have lost contact in the affected regions. The association has confirmed that necessary initiatives are actively underway to locate and ensure the safety of these missing personnel. This focus on employee welfare demonstrates the human-centric approach of the banking community, acknowledging the personal toll such disasters take on individuals working on the front lines. From an investor's perspective, while localized disruptions are concerning, the swift and coordinated response from the banking sector and regulatory bodies signals resilience. The ability of banks to adapt and continue operations, even under duress, is a testament to their robust contingency planning. However, investors should be mindful of potential short-term impacts on regional economic activity, which might indirectly affect loan portfolios or business volumes in the affected areas. The long-term recovery will require significant financial investment, and the banking sector will undoubtedly play a pivotal role in channeling funds for rebuilding infrastructure, supporting businesses, and restoring livelihoods. This collective effort is crucial for mitigating the broader economic implications of the Rasuwa floods and ensuring a path towards recovery and renewed stability.
Sunrise Focused Equity Fund Unveils Book Closure Date for its 4.5% Cash Dividend
Sunrise Focused Equity Fund (SFEF) has announced book closure for the dividend for the fiscal year 2082/83. At the 165th meeting of the Board of Directors of LS Capital Limited, the fund manager, held on Bhadra 05, 2083, the Board decided to distribute the 4.5% cash dividend to SFEF unitholders for fiscal year 2082/83. Meanwhile, the fund’s Ashadh-end Net Asset Value (NAV) stood at Rs. 10.45. The book closure date for dividend eligibility is 18th Bhadra, meaning unit holders on record till 17th Bhadra are entitled to receive the dividend.
White Feathers Jewellery Offers Up to 55% Discount on Gold, Silver, Diamond Jewellery
White Feathers Jewellery, Khichapokhari, has announced discounts of up to 55 percent on select diamond jewellery, priced from Rs 4,999, under its "Diamond Mega Offer." Purchases above Rs 40,000 come with a scratch coupon offering cashback up to Rs 200,000, a free diamond necklace set, or a 1 kg silver bar. Gold jewellery making charges start from 5.99 percent, with a free diamond ring on 15-tola bridal sets and no making/wastage charges on select 22-karat paula rings. Silver jewellery, priced from Rs 699, offers up to 50 percent off on rhodium items and making charges, with waived charges on select ready-made pieces. Purchases of Rs 700,000 or more in silver/diamond fetch a free 5-gram silver coin. Under a "Couple Celebration" offer, buyers spending Rs 150,000 or more get a dinner voucher, with EMI also available. The offer is valid for a limited period, subject to stock. Customers can message "OFFER" on social media for details.
Samsung launches Galaxy Z Fold8 Ultra, Fold8, Flip8, Watch Ultra2 and Watch9 in Nepal
Samsung has launched its new Galaxy Z series Z Fold8 Ultra, Z Fold8, Z Flip8 along with Galaxy Watch Ultra2 and Watch9, with sales beginning nationwide from August 26. The company said early demand has been strong, with pre-orders led by Violet Shadow for the Z Fold8 Ultra, Lavender for the Z Fold8, and Pink for the Z Flip8. The Z Fold8 Ultra brings an 8-inch main display, an upgraded camera system and a "Now Nudge" feature aimed at productivity and creative workflows. The Z Fold8 offers a 4:3 main display suited for immersive content viewing, reading and gaming, alongside a wider cover screen for everyday tasks. The Z Flip8 comes with a 50MP camera, ProVisual Engine and FlexCam features for quick capture and self-expression. The Galaxy Watch Ultra2 and Watch9, powered by the Snapdragon Wear Elite Platform, are built for continuous health tracking with improved performance, comfort and battery life. Samsung is offering a 24-month EMI option starting at Rs 5,291, requiring only a citizenship document.
Crores Pledged for Rasuwa Flood Relief, More Support Expected
A total of more than Rs. 30 crore has been announced so far for relief and support following the devastating floods in Rasuwa, with the list expected to grow as more organisations announce assistance. NRNA has pledged Rs. 5 crore, while RSP has announced Rs. 50 lakh for flood relief. Xtreme and Ncell have each announced Rs. 1 crore each, according to the figures provided. Meanwhile, the International Federation of Red Cross and Red Crescent Societies (IFRC) has released nearly CHF 1 million, equivalent to around Rs. 18.96 crore, to support the Nepal Red Cross response. American embassy announce 5 lakhs dollar for support. The floods that struck Rasuwa on August 26 yesterday caused widespread destruction, damaging homes, roads, bridges, hydropower facilities and other important infrastructure. The full extent of the damage is still being assessed, while rescue and relief operations continue in the affected areas.