Latest NEPSE News & Share Market Updates
NEPSE Rebounds with Moderate Gains, Intraday Turnover Reaches Rs 5.44 Billion
The Nepal Stock Exchange (NEPSE) witnessed a positive turnaround today, registering a moderate gain of 11.77 points, or 0.44%, to close at 2,629.81. This upward movement comes as a welcome relief for investors, following a notable 36.25-point decline in the previous trading session. The market's resilience suggests a potential shift in investor sentiment, or at least a temporary stabilization after recent fluctuations. Throughout the trading day, the benchmark index displayed dynamic movement. Opening at 2,611.03, the NEPSE index navigated an intraday high of 2,629.94 before dipping to a low of 2,605.32. The ability to recover and close near its intraday high indicates underlying buying interest, preventing a deeper correction and reinforcing the day's positive momentum. Such intraday volatility is a common characteristic of emerging markets like NEPSE, often driven by a mix of speculative trading and fundamental adjustments. This daily ebb and flow are crucial for active traders seeking short-term opportunities, while long-term investors often view these fluctuations as noise, focusing instead on broader trends and company fundamentals. Total turnover for the day amounted to a respectable Rs. 5.44 billion (5.44 Arba), reflecting active participation from investors. This volume was generated from the trading of 17,270,449 shares across 356 companies, facilitated by 51,716 transactions. While not an exceptionally high turnover, it signifies consistent engagement and liquidity within the market. A healthy turnover is crucial for market efficiency, allowing investors to enter and exit positions with relative ease. The overall market capitalization stood robust at Rs. 45.23 trillion (45.23 Kharba), with the float market capitalization, representing shares readily available for public trading, recorded at Rs. 15.25 trillion (15.25 Kharba). These figures underscore the significant value held within the Nepalese equity market and its growing importance in the national economy. Individual stock performances provided further insights into market dynamics. SHIVAM CEMENTS LTD (SHIVM) emerged as the leader in terms of turnover, recording transactions worth an impressive Rs. 358.1 million (35.81 crores). The company's stock closed at Rs. 702.00, indicating strong investor interest and liquidity in the cement sector. This high turnover often suggests significant news or expectations surrounding the company, or simply its status as a blue-chip stock within the NEPSE ecosystem, attracting both institutional and retail investors. On the gainers' front, Nepal Lube Oil Limited (NLO) stole the spotlight, surging by an impressive 12.47%. The stock closed at Rs. 271.30, signaling strong positive sentiment and potentially a catalyst-driven rally for the company. Such significant gains often attract attention, prompting investors to investigate underlying reasons such as positive earnings reports, strategic developments, or increased demand for its products. Conversely, Mid Solu Hydropower Limited (MSHL) experienced the steepest decline, falling by 11.58% to close at Rs. 550.00. Declines of this magnitude can be attributed to various factors, including profit-booking, negative news, or broader sector-specific pressures impacting hydropower companies, such as regulatory changes or project delays. Sectoral performance presented a mixed picture, highlighting the nuanced movements within the broader market. The Manufacturing And Processing sector recorded the highest loss among the declining sectors, shedding 1.83% of its value. This could be indicative of challenges such as rising raw material costs, supply chain disruptions, or subdued consumer demand impacting industrial output. In contrast, the Non-Life Insurance sector demonstrated relative resilience, experiencing the least loss among the declining sectors, down by a modest 0.33%. The insurance sector often exhibits defensive characteristics during market volatility, as its revenue streams are generally more stable and less susceptible to immediate economic fluctuations compared to more cyclical industries. In summary, today's trading session on NEPSE offered a glimpse of cautious optimism. While the market managed to recover some ground lost in the previous session, the moderate turnover and mixed sectoral performance suggest that investors remain watchful. The coming days will be crucial in determining whether this rebound marks the beginning of a sustained upward trend or merely a temporary pause in a period of consolidation. Investors are advised to monitor global and domestic economic indicators, corporate earnings reports, and regulatory developments closely to make informed decisions and navigate the evolving market landscape.
NEPSE Market to Halt Trading on Ashoj 5; Prithvi Highway Faces Nightly Closures Amidst Monsoon Fury
Kathmandu, Nepal – Investors in the Nepal Stock Exchange (NEPSE) are advised to note a scheduled market closure on Ashoj 5, Monday, impacting trading activities for the day. While the specific reason for this closure was not detailed in the initial announcement, such halts are typically observed during public holidays or special government directives, ensuring market participants are aware of the non-trading day. This closure means that all regular trading sessions, including equity and bond markets, will remain suspended, and investors will need to adjust their trading strategies accordingly. The market is expected to resume normal operations on the following trading day, providing continuity for capital market participants. Adding to the nation's logistical challenges, the vital Prithvi Highway is set to experience nightly closures due to persistent and heavy rainfall. The District Administration Office (DAO) in Dhading has issued a directive to completely halt vehicular movement on the highway during nighttime hours, specifically from 8 PM on Ashoj 8 (Thursday) until 5 AM on Ashoj 9. This precautionary measure comes in response to severe weather warnings from the Department of Hydrology and Meteorology, which has forecast heavy to very heavy rainfall across various regions. The primary objective of these closures is to safeguard commuters and vehicles from the heightened risks of floods, landslides, and inundation that frequently plague the highway during the monsoon season, ensuring public safety remains paramount. The Prithvi Highway, a critical artery connecting the Kathmandu Valley with the western and eastern regions of Nepal, plays an indispensable role in the nation's supply chain and economic activities. Its closure, even for limited hours, can have cascading effects on the transportation of goods, agricultural produce, and essential supplies. Businesses relying on timely deliveries may face delays, potentially leading to increased operational costs and disruptions in supply chains. For the broader economy, such frequent disruptions underscore the vulnerability of Nepal's infrastructure to extreme weather events, highlighting the urgent need for robust and resilient road networks capable of withstanding the challenges posed by the country's diverse geography and climate. Authorities have strongly urged all travelers and drivers to exercise extreme caution. They are advised to thoroughly assess weather conditions and road status before embarking on journeys, avoid high-risk areas prone to landslides or flooding, and strictly adhere to all safety guidelines issued by relevant government bodies. This proactive approach aims to minimize potential accidents and ensure public safety during this challenging period, emphasizing a collective responsibility in navigating the monsoon's hazards. While the NEPSE market closure is a direct operational update for investors, the Prithvi Highway disruption, though seemingly unrelated, carries significant indirect economic implications. Prolonged or frequent closures of key transport routes can impact corporate earnings, particularly for companies involved in logistics, manufacturing, and retail. Investors often monitor such macroeconomic indicators and infrastructural challenges as they can influence overall market sentiment and the performance of specific sectors. Therefore, staying informed about both direct market operational changes and broader economic and infrastructural developments is crucial for making well-informed investment decisions in the dynamic Nepali market. The combination of a market holiday and critical highway closures emphasizes the importance of adaptability and preparedness for businesses and investors alike in Nepal's current economic and environmental landscape, urging a holistic view of market influences.
Xi Jinping to Hold High-Stakes Talks With Donald Trump in Washington
Chinese President Xi Jinping is set to hold closely watched talks with U.S. President Donald Trump in Washington on Thursday, with trade tensions, artificial intelligence and other major points of friction expected to dominate the agenda. Trump and First Lady Melania Trump personally welcomed Xi and his wife, Peng Liyuan, at Joint Base Andrews in Maryland on Wednesday evening in a rare airport reception for a foreign leader. The White House has described Thursday’s meeting as an important milestone in U.S.-China relations. The two leaders are expected to discuss the future of the U.S.-China trade relationship after months of tariff disputes. The 11-month trade truce between the two countries has been extended until January 10, giving negotiators additional time to work toward a broader agreement. Trade restrictions and tariffs have previously escalated sharply, with both sides imposing measures on each other’s goods and China restricting exports of several rare-earth minerals that are important to advanced manufacturing and clean-energy industries. Artificial intelligence is also expected to feature prominently in the talks. Although the United States and China remain major competitors in AI development, both sides have raised concerns about the risks posed by advanced AI systems. Washington has proposed a notification mechanism under which the two countries would alert each other about serious AI-related incidents that could pose national-security risks. Taiwan is another potentially sensitive issue. China claims Taiwan as part of its territory, while the United States maintains close unofficial ties with Taipei and continues to approve arms sales to Taiwan. The leaders are also expected to discuss the conflict involving Iran, given China’s close relationship with Tehran and Washington’s interest in Beijing using its influence in the region. The cordial airport welcome contrasts with the sharp tensions that emerged after Trump returned to the White House in January 2025. The two countries subsequently imposed sweeping tariffs and trade restrictions on each other, while disputes also emerged over rare-earth exports and other strategic goods. Relations began to stabilize after Trump and Xi reached a trade truce during talks in South Korea in October 2025. The two sides have since explored areas for cooperation, including trade and investment and the purchase of U.S. agricultural products and Boeing aircraft. Thursday’s meeting will be the third direct meeting between Trump and Xi in less than a year. Beyond immediate trade issues, the talks could determine whether the two countries can prevent renewed escalation while managing competition in areas such as technology, security and Taiwan. The discussions are also expected to explore practical cooperation on tariffs, drug trafficking, military communication and other areas of mutual interest.
Nepal’s Public Debt Crosses Rs 29 Kharba, Reaching 45 Percent of GDP
Nepal's total public debt has reached Rs 2,973 billion (Rs 29.73 kharba) as of mid September. According to the Public Debt Management Office, this debt total equals over 45 percent of the country's gross domestic product (GDP). The total debt consists of Rs 1,361 billion in domestic loans borrowed from within the country and Rs 1,611 billion in external loans borrowed from foreign lenders. Domestic borrowing makes up 20.63 percent of the GDP, while external borrowing accounts for 24.41 percent. For the current financial year, the government aims to borrow a total of Rs 658 billion. By mid-September, it had collected Rs 61 billion, which represents 9.28 percent of its yearly target. Out of this collected amount, Rs 50 billion came from domestic sources (reaching 12.20 percent of its Rs 410 billion domestic target), and Rs 11 billion came from external sources (reaching 4.45 percent of its Rs 248 billion external target). At the same time, the government has spent significant funds repaying previous debts. It set aside Rs 417 billion for debt repayments and interest payments for the full year. By mid-September, it had already paid Rs 85 billion, completing 20.34 percent of its yearly repayment budget, which accounts for 1.29 percent of the GDP.
Uber Launches ‘Ride for Nepal’ Campaign, Pledges Rs. 50 Lakh for Flood Relief
Uber has launched the ‘Ride for Nepal’ campaign to support communities affected by recent floods in Nepal. The campaign will run from September 21 to October 20, 2026. As part of the campaign, Uber will provide Rs. 50 lakh to the Nepal Red Cross Society for emergency relief, temporary shelter and rehabilitation efforts. Uber will also contribute Rs. 10 for every completed Uber Bike ride and Rs. 20 for every Uber Cab ride during the campaign to the Prime Minister’s Disaster Relief Fund. The additional contributions will be made by Uber and will not affect the fares paid by passengers or the earnings received by drivers. The company said the campaign is intended to link everyday rides with relief and reconstruction efforts for flood-affected communities.
UHEWA Promoter Bhim Lal Paudyal to Divest 80,000 Shares, Regulatory Disclosure Highlights Market Transparency
Upper Hewakhola Hydropower Company Limited (UHEWA) has recently announced a significant development concerning its promoter shareholding structure. Bhim Lal Paudyal, one of the company's promoter shareholders, has formally expressed an intention to sell 80,000 shares of UHEWA within the next three months. This disclosure, made on Ashwin 7, 2083 (September 23, 2026), is a crucial piece of information for current and prospective investors, underscoring the importance of transparency in the capital market. The proposed sale of 80,000 shares by a promoter shareholder is a notable event that warrants close attention from the investment community. While the exact reasons behind Mr. Paudyal's decision to divest a portion of his holdings have not been publicly detailed, such sales can stem from various factors, including personal liquidity needs, portfolio rebalancing, or strategic investment shifts. It is essential for investors to understand that a promoter's share sale does not automatically signify a lack of confidence in the company's future prospects, but it is a data point that contributes to the broader market narrative. This disclosure by Upper Hewakhola Hydropower Company Limited is in strict compliance with the regulatory framework governing the Nepal Stock Exchange. Specifically, the company has adhered to Section 84(1) of the Securities Act, 2063, and a directive issued by the Securities Board of Nepal (SEBON) through letter no. 499 dated Bhadra 9, 2083. These regulations are designed to ensure market integrity and protect investor interests by mandating timely and transparent communication of material information. Under these provisions, any promoter shareholder intending to sell 5% or more of their total shareholding in a listed company is required to notify the concerned company at least 15 days prior to the proposed sale. This pre-disclosure mechanism allows the market to absorb the information and adjust expectations, thereby mitigating potential shocks and promoting fair trading practices. For investors, the announcement of a promoter share sale can trigger several considerations. Firstly, it might lead to increased supply of UHEWA shares in the secondary market, potentially influencing the stock's short-term price trajectory. The market's reaction will largely depend on the perceived significance of the volume being sold relative to the company's total outstanding shares and average daily trading volume. Secondly, it prompts a deeper dive into the company's fundamentals. Savvy investors will likely review UHEWA's recent financial performance, project progress, and overall outlook for the hydropower sector in Nepal to assess if the sale aligns with broader trends or if there are specific company-related concerns. Upper Hewakhola Hydropower Company operates within Nepal's burgeoning hydropower sector, a critical component of the nation's economic development and energy strategy. Companies in this sector are often characterized by long gestation periods, significant capital expenditure, and reliance on regulatory stability and environmental factors. Any major shareholder activity, particularly from promoters who typically hold substantial stakes and have intimate knowledge of the company, is therefore closely scrutinized. The three-month window for the proposed sale provides a reasonable timeframe for the market to process this information. It also gives Mr. Paudyal flexibility in executing the sale, potentially allowing him to capitalize on favorable market conditions. The overarching goal of SEBON's disclosure requirements is to foster an equitable trading environment where all participants have access to pertinent information, preventing situations where insiders might exploit privileged knowledge for personal gain at the expense of public shareholders. In conclusion, Upper Hewakhola Hydropower Company's announcement regarding its promoter's intention to sell 80,000 shares is a testament to the evolving transparency standards in the Nepali capital market. While such events are a natural part of a dynamic stock exchange, they serve as a reminder for investors to remain vigilant, conduct thorough due diligence, and consider all available information before making investment decisions. The regulatory framework ensures that such significant movements in shareholding are brought to light, empowering investors with the data needed to navigate the market effectively.
Eastern Hydropower Proposes Significant Rights Issue, Calls Annual General Meeting
Eastern Hydropower Limited (EHPL) has announced its decision to convene its 10th Annual General Meeting (AGM), with a pivotal agenda item being the proposal for a substantial rights issue. The company aims to issue rights shares in a 1:0.87 ratio, a strategic move that could significantly impact its capital structure and future growth trajectory. This crucial meeting is scheduled for Ashwin 29 (October 16, 2023), a Thursday, and will commence at 11:00 AM at Hotel Hardic, located in Bagbazar, Kathmandu. The proposed rights issue, if approved by the shareholders, will allow existing investors to purchase new shares at a preferential rate, proportionate to their current holdings. For every 100 shares an investor currently owns, they would be eligible to purchase 87 new shares. Such capital-raising initiatives are common among hydropower companies in Nepal, often serving to finance ongoing projects, embark on new ventures, or strengthen the company's balance sheet by reducing debt. Given the capital-intensive nature of hydropower development, securing adequate funding is paramount for project completion and operational sustainability. This rights offering signals EHPL's strategic intent to bolster its financial capacity, potentially paving the way for expansion or the successful execution of its current operational plans. Beyond the rights issue, the AGM agenda includes several other important resolutions. Shareholders will be asked to approve amendments to the company's Memorandum and Articles of Association. This particular amendment is necessitated by a change in the company's registered office address, a procedural but essential update to ensure compliance and accurate corporate records. Furthermore, the meeting will address the appointment of an independent auditor for the upcoming fiscal year, a critical aspect of corporate governance that ensures transparency and accountability in financial reporting. The financial statements for the last fiscal year will also be presented for approval, providing shareholders with an overview of the company's performance and financial health over the past year. To determine eligibility for participation in the AGM, Eastern Hydropower has set the book closure date for Ashwin 21 (October 8, 2023). This means that only shareholders whose names are registered in NEPSE's records by Ashwin 20 (October 7, 2023) will be eligible to attend the meeting and exercise their voting rights on the proposed resolutions. Investors are advised to ensure their shareholdings are updated by this deadline to participate in this significant corporate event. The decision to propose a rights issue underscores the dynamic capital requirements within Nepal's burgeoning hydropower sector. As the nation continues to prioritize renewable energy sources, companies like Eastern Hydropower play a vital role in meeting the growing energy demand. However, this growth often comes with substantial financial outlays, making capital market instruments like rights issues indispensable for funding long-term projects. For investors, a rights issue presents an opportunity to increase their stake in the company, potentially benefiting from future growth, provided the capital is deployed effectively into profitable ventures. It also reflects the company's confidence in its future prospects and its commitment to involving existing shareholders in its growth journey. The successful execution of these proposals will be crucial for Eastern Hydropower's continued development and its contribution to Nepal's energy landscape.
Controversy Erupts Over SEBON's 15-Day Pre-Disclosure Rule for Promoter Share Sales
The Nepal Stock Exchange (NEPSE) is currently grappling with a significant regulatory debate following the Securities Board of Nepal (SEBON)'s proposal for a stringent 15-day pre-disclosure requirement for promoter and basic shareholders intending to sell their shares. This new framework, outlined in SEBON's 'Concept Paper, 2083' released on October 7th, aims to enhance market transparency and curb insider trading. However, it has instead ignited widespread discontent among key stakeholders, including the Bank and Financial Institution Confederation Nepal (CIBFIN), prominent investors, and market analysts. Critics argue that the proposed regulation could stifle market liquidity, discourage investment, and create an uneven playing field. SEBON's concept paper defends the existing provision that mandates basic shareholders of listed companies to issue a public notice through NEPSE 15 days prior to selling 5% or more of their holdings. Beyond this, the board has proposed a comprehensive four-tier regulatory framework designed to monitor and regulate such transactions more closely. This framework includes: 1. **Regulatory Notification:** Advance registration of information with NEPSE and SEBON systems. 2. **Public Disclosure:** Public announcement of potential sales through NEPSE. 3. **Automated Surveillance:** Automatic matching between declared sales and actual transaction data. 4. **Post-Trade Confirmation:** Public disclosure of the actual number, price, date, and remaining share ownership after the sale is completed. SEBON asserts that these measures are crucial for ensuring information parity, controlling insider trading, and enabling better forecasting of potential supply in the market. Paradoxically, the same concept paper, in clauses 11 and 16, acknowledges that a “15-day public pre-disclosure period is relatively long” when compared to international practices. The paper itself cites examples from countries like India, the United States, the United Kingdom, Singapore, and Malaysia, where post-trade disclosure within two to three days is the norm. This internal contradiction has fueled much of the criticism. The Bank and Financial Institution Confederation Nepal (CIBFIN) has been vocal in its opposition. During a recent event in Kathmandu, Rajesh Upadhyay, Acting Chairman of CIBFIN, stated that compelling basic shareholders to provide 15 days' advance notice for share sales unnecessarily complicates the market. He emphasized that while a 15-day or one-month notice might not seem substantial in isolation, the policy direction should be towards easing, not increasing, the burden on investors. Upadhyay highlighted the plight of promoter shareholders who, despite investing in banks and financial institutions for years, often struggle to realize adequate returns and face legal hurdles when attempting to exit their investments. He urged regulators to foster a more conducive environment for share trading. Vishnu Prasad Bashyal, a respected technical and fundamental analyst in the capital market, has openly challenged SEBON's concept paper on social media, accusing it of attempting to justify a flawed policy. Bashyal questioned the rationale behind the 15-day period, asking why it isn't three days, five days, or even one trading day, or why post-trade disclosure within two days isn't sufficient. He argued that publicizing every potential sale 15 days in advance creates artificial selling pressure on share prices, leading to market distortions. “Creating artificial pressure on prices by publicly disclosing every potential sale 15 days in advance is not transparency. Transparency and market distortion are not the same thing,” Bashyal wrote, advocating for regulators to acknowledge mistakes and implement improvements rather than defending erroneous policies. Veteran investor Ambika Prasad Paudel echoed similar sentiments, using social media to satirically critique the restrictions placed on promoter shareholders. He questioned the fairness of policies that restrict promoters from selling their shares, implicitly asking if those who advocate for such restrictions would accept similar limitations on their own market-bought shares. Paudel's remarks underscore the fundamental principle that regulators should not adopt discriminatory policies that infringe upon investors' property rights, liquidity, and freedom, advocating for equal treatment for all market participants. Stakeholders generally agree that while SEBON's objective of controlling insider trading through the 15-day pre-disclosure and post-confirmation system is commendable, its implementation method has inadvertently fostered unnecessary fear and liquidity contraction in the market. Experts conclude that ignoring the 'Post-Trade Immediate Disclosure' model adopted by international markets in favor of a 15-day advance declaration policy is not market-friendly. The ongoing debate highlights the critical need for a balanced regulatory approach that promotes transparency without hindering market efficiency and investor confidence, ensuring the sustainable growth of Nepal's capital market.
Himalaya Airlines Resumes Direct Kathmandu-Shanghai Flights, Boosting Nepal-China Connectivity
Nepal's aviation sector is set for a significant boost as Himalaya Airlines announces the resumption of its direct flight services between Kathmandu and Shanghai. This strategic move, commencing on September 28 (Ashwin 12), will re-establish a vital air link between Tribhuvan International Airport (TIA) in Kathmandu and Shanghai Pudong International Airport (PVG) in China, marking a crucial step towards enhancing bilateral ties and economic activities. Initially, Himalaya Airlines will operate two flights per week on this high-demand route. Flights from Kathmandu to Shanghai are scheduled for every Monday and Friday, providing convenient options for both business travelers and tourists. The return leg from Shanghai to Kathmandu will operate on Tuesdays and Saturdays, ensuring a consistent flow of passengers and cargo. The meticulously planned schedule sees flights departing Kathmandu at 6:25 PM, arriving in Shanghai at 2:00 AM the following day. Conversely, flights from Shanghai will depart at 3:00 AM, touching down in Kathmandu at 7:10 AM. This timing is designed to optimize connectivity and minimize travel time, catering to the needs of international travelers. The resumption of this direct service is more than just an operational update; it represents a renewed commitment to strengthening the multifaceted relationship between Nepal and China. For investors, this development signals positive prospects for the tourism and hospitality sectors in Nepal, which have been eager for increased international connectivity. China has historically been a significant source of tourists for Nepal, and a direct flight path will undoubtedly facilitate a resurgence in visitor numbers, contributing to foreign exchange earnings and job creation. Beyond tourism, the direct flights are expected to significantly bolster trade relations. Efficient air cargo services on this route will enable faster movement of goods, supporting Nepali exports to China and facilitating the import of essential commodities. This improved logistical infrastructure is vital for businesses looking to expand their reach and capitalize on the vast Chinese market. Furthermore, the enhanced connectivity will foster greater people-to-people exchanges, promoting cultural understanding, educational collaborations, and diplomatic engagements. Himalaya Airlines, a joint venture between Nepal and China, is strategically positioned to leverage this route. The airline has indicated that the frequency of flights will be reviewed and potentially increased in the future, based on passenger demand and market dynamics. This flexible approach underscores the airline's responsiveness to market needs and its long-term vision for growth and expansion in the regional aviation landscape. Investors should note that such strategic route expansions by key players like Himalaya Airlines can have a ripple effect across the broader economy, impacting airport services, ground handling, travel agencies, and related support industries. The availability of tickets through various channels, including Himalaya Airlines' ticket counters, authorized travel partners, the company's website, and mobile app, ensures accessibility and convenience for passengers. This comprehensive booking system reflects the airline's focus on customer experience and operational efficiency. As Nepal continues its economic recovery and aims for sustainable growth, the re-establishment of crucial international air links like the Kathmandu-Shanghai route will play an indispensable role in achieving these objectives, making it a noteworthy development for those monitoring Nepal's economic trajectory and investment opportunities.
United States Pledges $31 Million Aid Package to Bolster Nepal's Flood Recovery and Development Efforts
The United States of America has announced a substantial aid package of $31 million (approximately NPR 4.13 billion) for Nepal, signaling a strong commitment to the nation's recovery and development efforts. This significant financial assistance is primarily aimed at supporting post-flood reconstruction, enhancing essential services, and bolstering the livelihoods of communities severely impacted by recent natural disasters. The announcement was made by US Under Secretary of State for Political Affairs Allison Hooker during a crucial meeting with Nepal's Foreign Minister Shishir Khanal. The bilateral discussion took place on Wednesday, on the sidelines of the 81st United Nations General Assembly in New York, where Minister Khanal is currently representing Nepal. Such high-level engagements at global forums underscore the enduring partnership between the two nations and the international community's recognition of Nepal's developmental challenges. Within the comprehensive $31 million package, Under Secretary Hooker specified key areas of allocation. A significant portion, $10 million, has been earmarked specifically for post-flood reconstruction initiatives. This funding is critical for rebuilding damaged infrastructure, including homes, roads, bridges, and public facilities, which are vital for restoring normalcy and economic activity in affected regions. The devastating impact of floods often extends beyond immediate damage, disrupting supply chains, displacing populations, and hindering agricultural productivity, making robust reconstruction efforts paramount. Furthermore, an additional $8 million from the aid package will be dedicated to addressing critical humanitarian needs. This allocation will focus on improving access to safe drinking water and sanitation facilities, which are fundamental for public health and preventing the outbreak of waterborne diseases in disaster-stricken areas. Beyond immediate relief, this segment of the aid will also support housing solutions for displaced families and provide crucial livelihood support programs. These programs are designed to help communities rebuild their economic foundations, offering training, resources, and opportunities to re-establish sustainable income sources, thereby fostering long-term resilience against future shocks. This aid package from the United States is more than just financial assistance; it represents a strategic investment in Nepal's stability and future prosperity. For investors, a stable and recovering nation presents a more predictable environment, potentially reducing risks associated with natural disasters and improving the overall investment climate. The focus on infrastructure and livelihood development can also stimulate local economies, creating demand for goods and services and fostering new business opportunities. Such international support can also enhance Nepal's capacity to attract further foreign direct investment by demonstrating a commitment to sustainable development and risk mitigation. The long-standing diplomatic ties between the United States and Nepal have consistently involved cooperation on various fronts, including disaster preparedness, economic development, and democratic governance. This latest aid package reaffirms the US commitment to standing with Nepal during challenging times and supporting its journey towards sustainable development. As Nepal continues its recovery trajectory, international partnerships and targeted aid remain indispensable in building a more resilient, prosperous, and equitable future for all its citizens.
Four Construction Firms Blacklisted for Breaching Contract Terms
The Public Procurement Monitoring Office (PPMO) has blacklisted four construction firms for failing to comply with the terms of their contracts. Modern Construction and Suppliers has been blacklisted for three years following a recommendation from the Dumre-Besisahar-Chame Road Project Office, Lamjung. Similarly, Kamala Shanti Matsya JV has been blacklisted for two years on the recommendation of Sundarharaicha Municipality, Morang. The joint venture comprises Kamala Shanti Nirman Sewa and Matsya Pokhari Construction Pvt. Ltd. Both firms were penalized for failing to perform as required under an infrastructure construction contract. Meanwhile, Black Mamba Construction Pvt. Ltd. of Surkhet has been blacklisted for one year following a recommendation from Gurans Rural Municipality, Dailekh. The PPMO said the blacklisted firms will not be eligible to participate in public procurement during their respective penalty periods.
Nepal Rastra Bank Unveils Enhanced Rs 1,000 Banknote with Advanced Security Features and Rich Cultural Motifs
The Nepal Rastra Bank (NRB), the nation's central monetary authority, has officially introduced a newly designed Rs 1,000 banknote into circulation, marking a significant update to one of the most widely used denominations in the country. This release underscores the central bank's ongoing commitment to enhancing currency security, promoting national identity, and ensuring the integrity of Nepal's financial system. The new note, while retaining its original physical dimensions, presents a refreshed aesthetic characterized by a subtle light green shading enveloped within a distinct purple border, offering both a modern look and improved visual appeal. Issued with a new series of serial numbers commencing from TA 92000001, the banknote proudly bears the signature of the current Governor of Nepal Rastra Bank, Prof. Dr. Bishwanath Poudel. The Governor's signature serves as an official endorsement, signifying the note's authenticity and its legal tender status across the nation. Such updates are a regular practice for central banks worldwide, aimed at staying ahead of counterfeiting technologies and integrating contemporary design elements that reflect the nation's evolving identity and technological advancements. The front side of the newly designed Rs 1,000 note is a tapestry of national symbols and cutting-edge security features. Dominating the design is the majestic image of Mount Everest, the world's highest peak, a powerful emblem of Nepal's natural grandeur and national pride. Complementing this iconic image is a meticulously crafted rhododendron watermark, subtly revealing the numerical value "1000" when held against light. In a move towards greater inclusivity, the note incorporates tactile marks, including the Roman numeral "M" and a series of horizontal lines, specifically designed to assist visually impaired individuals in identifying the denomination with ease. Further bolstering its security, the banknote features an innovative oval image of Goddess Bhagwati, which exhibits a captivating color shift from gold to green when the note is tilted. This optical variable ink is a sophisticated anti-counterfeiting measure, making replication exceedingly difficult. Another prominent security element is the 3.5 mm dynamic security thread, which seamlessly transitions from red to green and displays the acronym "NRB" alongside the numerical "1000" as the note is moved. Additionally, a clever see-through feature ensures that the full "1000" figure becomes visible only when the note is held up to a light source, providing another layer of authentication. The reverse side of the banknote continues to celebrate Nepal's rich cultural heritage and biodiversity. It prominently features the endearing image of Ram and Laxman, the rare twin elephants born to Devkali at the government elephant stable in Chitwan. This depiction not only highlights Nepal's commitment to wildlife conservation but also adds a unique narrative element to the currency. Alongside the elephants, seven delicate rhododendron flowers are illustrated, symbolizing Nepal’s seven provinces and reinforcing the nation's unity and diverse geography. The design also pays homage to history with an image of the historic pillar from Hanuman Dhoka, a significant landmark in Kathmandu. The textual inscription "RUPEES ONE THOUSAND" is clearly visible, accompanied by the series label "2025 A.D.", indicating the year of its design or approval. The introduction of this enhanced Rs 1,000 banknote is more than just a currency update; it is a statement of national pride, a commitment to security, and a reflection of Nepal's cultural richness. For investors and the general public alike, understanding these features is crucial for maintaining trust in the currency and safeguarding against counterfeiting. The Nepal Rastra Bank's initiative ensures that the nation's currency remains secure, accessible, and a true representation of Nepal's enduring legacy.
Central Bank to Collect 20 Billion from Bank and Financial Institution Today
Nepal Rastra Bank (NRB) has announced that it will collect deposits worth Rs. 20 billion from banks and financial institutions through a bidding process today to manage excess liquidity in the market. Public says Bank has too much money sitting in the vault that's why NRB is absorbing BFI's money day by day. According to a notice published today, the central bank will collect the deposits for a period of 32 days. The bidding will take place on Ashwin 8 (September 24) through the Online Bidding System at 3 Pm. The interest rate will be decided through the bidding process. The minimum amount for bidding has been set at Rs. 10 crore, while the maximum limit is (In multiples of) 5 Crore, up to the total issue amount. However, institutions can submit multiple bids within the total announced amount. Only licensed ‘A’, ‘B’, and ‘C’ class banks and financial institutions approved by NRB are allowed to take part in the bidding. The deposits collected will be returned along with interest on Kartik 9, 2083 (October 26, 2026).
Bajaj Nepal Ignites Festive Season with 'Game of Power' Campaign, Aiming for Enhanced Sales and Brand Engagement
Hansraj Hulaschand & Co. Pvt. Ltd., the authorized distributor of Bajaj motorcycles in Nepal, has strategically launched its much-anticipated Dashain campaign, "Bajaj Game of Power – Khelne Ho?", signaling a robust push for market engagement and sales during the nation's most significant festive season. This initiative is designed not only to incentivize new purchases but also to foster a deeper connection with the brand's loyal customer base and attract new riders through interactive experiences and compelling rewards. The core of the "Bajaj Game of Power" campaign revolves around offering substantial value and unique opportunities to customers. Individuals purchasing a new Bajaj motorcycle during the Dashain period are automatically entered into a draw to win prizes worth up to an impressive Rs. 1 lakh. Beyond monetary incentives, the campaign sweetens the deal with a range of attractive gifts, including smartwatches, exclusive autographed merchandise, and other premium Bajaj-branded items, enhancing the overall ownership experience. A particularly exciting aspect for enthusiasts is the chance for selected winners to meet prominent Nepali champions: Rabindra Dhant, Sanjan Gautam (Cr7 Horaaa), and Dipendra Singh Airee. These figures, celebrated in their respective fields, add a significant aspirational element to the campaign, leveraging local heroes to boost brand appeal. Beyond direct purchase incentives, Bajaj has ingeniously incorporated interactive digital and physical challenges to amplify engagement. The "Pulsar Racing Game" allows participants to virtually race using avatars of their favorite champions, creating a competitive and fun environment. Top performers in this game stand to win autographed T-shirts, champion merchandise, and other exclusive gifts, driving sustained interaction with the brand's digital platforms. Complementing this, the "Show Your Power" challenge invites riders to express their strength, fitness, and passion for the Pulsar brand through creative content, encouraging user-generated marketing and community building. Dashain, being the largest and most celebrated festival in Nepal, traditionally witnesses a significant surge in consumer spending across various sectors, particularly for durable goods like motorcycles. For a market leader like Bajaj, strategically timed campaigns during this period are critical. They serve as a powerful mechanism to capitalize on heightened consumer sentiment, increased disposable income, and the cultural propensity for new purchases during auspicious times. This focused approach helps Bajaj maintain its competitive edge, reinforce its market dominance, and capture a larger share of the festive season's robust demand. From an investor's perspective, such comprehensive marketing initiatives by Hansraj Hulaschand & Co. Pvt. Ltd. are not merely promotional expenses but strategic investments aimed at bolstering the company's financial performance. By driving sales volumes through attractive offers and enhancing brand loyalty through engaging experiences, these campaigns directly contribute to revenue growth and market share consolidation. The emphasis on interactive elements and celebrity endorsements also strengthens brand equity, creating long-term value that extends beyond the immediate sales cycle. This holistic strategy underscores Bajaj's commitment to innovation in customer engagement and its proactive stance in navigating Nepal's dynamic automotive market. The success of "Bajaj Game of Power" will undoubtedly be a key indicator of the company's ability to translate festive enthusiasm into tangible business results.
Nepal and Germany Strengthen Bilateral Ties at UN General Assembly
Minister for Foreign Affairs Shishir Khanal has requested assistance from Germany for the rehabilitation, resettlement, and reconstruction of areas recently affected by floods herein Nepal. During a bilateral sideline meeting with Germany's Minister for Economic Cooperation and Development, Reem Alabali Radovan, at the United Nations Headquarters in New York on the occasion of the 81st UN General Assembly, Minister Khanal emphasized the urgent need for further investment in disaster post-reconstruction, climate resilience, disaster preparedness, and capacity building. Minister Khanal expressed gratitude for the sympathy, solidarity, and support extended by the German government and its people regarding the significant loss of life and property caused by the floods. He noted that Nepal is actively moving forward with post-disaster rehabilitation, resettlement, and reconstruction work, highlighting that additional investments in disaster preparedness and climate adaptation are essential. He also praised Germany's long-standing support toward Nepal's development process and stressed that addressing challenges brought about by climate change is a shared responsibility of the global community. In response, German Minister Alabali Radovan stated that the recent devastating disasters in Nepal should be recognized as a global shared challenge and reaffirmed Germany's commitment to providing financial and humanitarian assistance to Nepal. Both ministers exchanged views on various aspects of the friendly bilateral relationship between Nepal and Germany, expressing their commitment to further strengthening and deepening cooperation in areas of mutual interest.
Muktinath Bikas Bank Signs MOU with Autoways Sign Deal for Bull Machine Financing
Muktinath Bikas Bank Limited have signed an MoU with Autoways Pvt. Ltd., the authorized distributor of Bull Machines in Nepal, to provide financing facilities to customers purchasing Bull construction equipment. Under the agreement, the bank can finance up to 50% of the dealer’s invoice value by keeping the Bull Machine itself as collateral. The agreement was signed by Baburam Dhakal, Head of Gandaki Region at Muktinath Development Bank, and Narayan Prasad Paudel, Chairman and Managing Director of Autoways. Customers providing additional acceptable fixed-asset collateral may be eligible for financing of up to 80% of the invoice value, subject to the bank’s credit assessment and prevailing lending policies.
Nepal’s Foreign Trade Reaches Rs 4.78 Kharba in First Two Months of FY 2083/84
Nepal’s imports surged by nearly Rs 1 Kharba in the first two months of the current fiscal year 2082/83, with the country importing goods worth Rs 4 kharba 1 arba 52 crore during Shrawan and Bhadra. According to data from the Department of Customs, Nepal had imported goods worth Rs 3 kharba 5 arba 16 crore during the same period of the previous fiscal year. Imports have therefore increased by Rs 96 arba 36 crore year-on-year. Nepal’s exports also recorded significant growth during the review period. The country exported goods worth Rs 76 arba 59 crore in the first two months of the current fiscal year. In the corresponding period last year, exports stood at Rs 47 arba 32 crore. This represents an increase of Rs 29 arba 27 crore, with exports rising by 61.86% year-on-year. With both imports and exports increasing, Nepal’s total foreign trade also expanded during the period. Total foreign trade reached Rs 4 kharba 78 arba 10 crore in the first two months of the current fiscal year, marking a 35.64% increase compared to the same period last year. Despite the strong growth in exports, imports continue to significantly exceed exports, leaving Nepal with a substantial trade deficit.
Bonus Shares of Synergy Power Development Limited Listed on NEPSE
12,09,862.50 unit bonus shares of Synergy Power Development Ltd. (SPDL) have been listed in NEPSE. The company convened its 19th AGM on 19th Magh, 2082, and endorsed a 10.5263% dividend for the fiscal year 2081/82. The board of directors meeting held on Chaitra 12 had decided to distribute a 10% bonus shares worth a little over Rs. 12.09 crore and a 0.5263% cash dividend amounting to Rs. 63.67 lakhs. The same bonus shares are now listed in NEPSE. SPDL closed at Rs. 356.00.
Ankhu Khola Hydropower to Invest Rs 5 Crore in 44 MW Upper Ankhu Khola Project
Ankhu Khola Hydropower Company Limited (AKJCL) has decided to invest Rs 5 crore in the 44 MW Upper Ankhu Khola Hydropower Project being promoted by Dhading Ankhu Khola Hydro Pvt. Ltd. The decision was made by the company’s Board of Directors meeting held on Ashwin 7, 2083. According to the company, the investment will be made in the 44 MW Upper Ankhu Khola Hydropower Project, which is being developed by Dhading Ankhu Khola Hydro Pvt. Ltd. The company informed that the Board of Directors approved the investment as part of its decision to participate in the development of the hydropower project. Ankhu Khola Hydropower Company has formally notified the relevant stakeholders about the investment decision.
Gold Rate Falls Below Rs. 3 Lakh Mark Again; Check Today's Trading Rate
Gold prices have witnessed a moderate fall in the domestic market today, falling by Rs. 3200 per tola to settle at Rs. 299,100 per tola, down from the previous rate of Rs. 302,300 per tola. The Federation of Nepal Gold and Silver Dealers' Association (FENEGOSIDA) reported that Tejabi gold price also falls by Rs. 3200 per tola to reach Rs.298,400 per tola, compared to Rs. 301,600 per tola on the previous day. Meanwhile, Silver prices moves in the same direction, price falls by Rs. 165 now trading at Rs.4,650 per tola down from previous rate Rs. 4,815 per tola.
Sanima Middle Tamor Hydropower Proposes 5.263% Dividend for FY 2082/83: Calls AGM on Ashwin 30
Sanima Middle Tamor Hydropower Limited (TAMOR) proposes a 5.263% dividend and has called the 11th AGM on Ashwin 30, 2083. The board of directors meeting on Ashwin 07 has proposed a 5.263% dividend for the fiscal year 2082/83. A 5.263% cash dividend (including tax) has been proposed. The company's existing paid-up capital is Rs. 3.33 Arba. The company has declared the book closure for dividends and the AGM on Ashwin 19. Thus, investors maintained before Ashwin 16 are entitled to the dividend and can also attend the AGM. As of writing, the company's LTP is Rs. 534.00.
Nepal's Insurance Agents Demand Reinstatement of Incentives, Pressure Mounts on Regulator
The Professional Insurance Agents Association of Nepal (PIAAAN) has formally drawn the attention of the Nepal Insurance Authority (NIA) regarding a contentious issue that threatens to destabilize the country's life insurance sector: the recent decision by several life insurance companies to significantly cut incentive payments to their agents. This move has sparked widespread concern among agents, who are crucial to the industry's outreach and growth. According to PIAAAN, a majority of life insurance companies, with the notable exceptions of Nepal Life Insurance Company and LIC Nepal, have initiated cuts to the incentive facilities previously extended to their agent network. This unilateral action has prompted the association to appeal to the regulatory body, urging the NIA to intervene and ensure that these incentives are reinstated in accordance with existing regulations. The core of PIAAAN's argument rests on the provisions outlined in Chapter 10, Section 44, and Schedule of Rule 57 of the Insurance Regulations, 2081. These regulations, as highlighted in the association's formal letter to the NIA, explicitly permit life insurance companies to offer incentive facilities to agents, in addition to their standard commissions, based on the first premium collected. Crucially, these incentives must operate within the limits prescribed by the Authority itself. The role of insurance agents in Nepal's burgeoning insurance market cannot be overstated. They serve as the primary interface between insurance providers and potential policyholders, playing an indispensable role in promoting financial literacy, expanding market penetration, and driving business growth, particularly in semi-urban and rural areas where traditional banking and financial services may be less accessible. By engaging directly with communities, agents educate the public about the benefits of life insurance, tailor policies to individual needs, and facilitate the complex process of policy acquisition. Their efforts are directly linked to the expansion and deepening of the life insurance business across the nation. PIAAAN firmly believes that the reduction of these performance-based incentives will have a detrimental impact on agent morale and, consequently, on their productivity and commitment. Such a move, they argue, undermines the professional contributions of agents and could lead to a significant slowdown in new policy sales and overall business expansion for the insurance companies. The association insists that the provisions for incentives, as stipulated in the Insurance Regulations, 2081, should be implemented clearly and consistently from the very date the regulations came into effect. They are advocating for a system where incentives are directly linked to business growth and the number of policies issued, thereby rewarding agents for their tangible contributions to the company's success. The association has therefore urged the Nepal Insurance Authority to issue immediate and necessary directives to all insurers. This intervention, PIAAAN contends, would facilitate a fair and transparent environment for incentive distribution, ensuring that agents are compensated appropriately for their efforts. From the perspective of PIAAAN, the legal framework already provides a clear pathway for insurance companies to offer incentives within the NIA's prescribed limits, aligning with their business expansion strategies. Therefore, they assert that the regulator has a clear mandate to intervene promptly to resolve the current dispute. The ongoing disagreement between insurance companies and their agents over incentive structures poses a significant challenge to the stability and growth trajectory of Nepal's insurance sector. If left unaddressed, it could lead to a decline in agent engagement, a slowdown in new business acquisition, and potentially impact the financial performance of life insurance companies. For investors, this situation warrants close monitoring, as the operational efficiency and market reach of insurance companies are heavily reliant on a motivated and well-compensated agent network. A swift and decisive intervention by the Nepal Insurance Authority is widely anticipated to resolve this dispute, restore confidence among agents, and ensure the continued healthy growth of the life insurance industry, which is vital for the broader financial stability of the nation. The resolution of this issue is crucial not only for the agents and companies involved but also for maintaining investor confidence in the sector's regulatory environment and its future prospects.
CIAA Files Corruption Charges Against 12 Over Illegal Land Registration in Kalikot
Nepal's anti-corruption watchdog, the Commission for the Investigation of Abuse of Authority (CIAA), has taken decisive action against a significant land fraud scheme in Kalikot, filing corruption charges against 12 individuals. The case, which involves the alleged illegal registration of government and municipal development committee land worth crores of rupees into private ownership, underscores the persistent challenges of corruption and land mismanagement within the country. This development highlights the CIAA's commitment to upholding the rule of law and ensuring accountability, which is crucial for fostering a transparent and trustworthy environment for both domestic and international investors. The charges were formally lodged at the Special Court in Kathmandu on Wednesday. Among the accused are high-ranking officials, including Dhir Bahadur Bam, the former Chairman of the Land Related Problem Resolution Commission, Kalikot, alongside other government employees, public representatives, and private individuals who allegedly benefited from the illicit transactions. The breadth of individuals implicated, spanning various levels of authority and private citizens, suggests a well-orchestrated scheme designed to exploit public resources for personal gain. According to the CIAA's investigation, the fraudulent activities centered around specific land plots within Khandachakra Municipality-1. These include plot number 1772, which belongs to the Municipal Development Committee and is strategically located along the Karnali Highway, as well as government-owned plots 572 and 921. The investigation revealed that these valuable public lands were illicitly transferred into private names through a clear conspiracy among the accused. This collusion not only resulted in significant financial benefits for the perpetrators but also caused substantial losses to the state exchequer, impacting public trust and resource allocation. Further details uncovered by the anti-graft body indicate a blatant disregard for established legal procedures and regulations. The Land Related Problem Resolution Commission, under the leadership of the accused, allegedly failed to conduct proper on-site inspections. Moreover, it is accused of not adhering to the legal framework, providing land parcels exceeding the stipulated 130 square meters limit designated for urban areas, often under the guise of agricultural purposes. This circumvention of rules allowed for the misappropriation of larger tracts of land, further exacerbating the scale of the fraud. Adding another layer to the illicit nature of these transactions, the CIAA's findings suggest that some of the land recipients already possessed other properties. Furthermore, these individuals reportedly sold the newly acquired government lands shortly after obtaining the land ownership certificates, indicating a clear intent for speculative gain rather than genuine need or agricultural use. Such practices not only undermine the integrity of land distribution programs but also highlight systemic vulnerabilities that can be exploited by corrupt elements. The CIAA has demanded substantial restitution, known as 'bigo,' from the key figures involved. Former District Committee Chairman Dhir Bahadur Bam, expert member Ramesh Nepali, member Rajendra Bahadur Thapa, and the then-Chief of the Kalikot Land Revenue Office, Netra Bahadur Shahi, each face a demand of NPR 17,686,800. Bharat Bahadur Shahi, the former acting ward chairman of Khandachakra Municipality-1, is facing a demand of NPR 10,094,400. Additionally, Mukunda Basnet, the then-Nayab Subba of the Land Revenue Office, and Bhakta Bahadur Shahi, an office assistant, are each subject to a demand of NPR 7,592,400. Beyond these financial claims, the anti-corruption body has also sought imprisonment, fines, and the return of the illegally acquired land from other implicated employees and land recipients, signaling a comprehensive legal pursuit to recover public assets and punish those responsible. This high-profile case serves as a stark reminder of the importance of robust governance and transparent land administration for Nepal's economic stability and development. For investors, such actions by the CIAA reinforce the commitment to a fair and just legal system, which is paramount for safeguarding property rights and ensuring a predictable business environment. While corruption remains a challenge, the proactive stance taken by the anti-graft body in prosecuting such cases is a positive indicator for improving the overall investment climate in Nepal.
FNCSI Seeks Policy Support for MSME Sector, Donates Rs 5.55 Lakh for Flood Relief
The Federation of Nepal Cottage and Small Industries (FNCSI) has urged the government to make the micro, cottage and small industries (MSME) sector a national priority. A delegation led by FNCSI President Shobha Gurung met Finance Minister Dr. Swarnim Wagle and proposed declaring the next 10 years as an “MSME Development Decade.” It also called for collateral-free concessional loans, tax incentives for new industries, and at least 30% preference for domestic MSME products in public procurement. The federation also sought support for the “Made in Nepal” campaign, exports and modern technology. The federation proposed entrepreneurship packages for women and returnee migrant workers, a “100 Startups–100 Investors” programme and faster government services for industries. Wagle said the MSME sector is among the government’s priorities. During the meeting, FNCSI donated Rs 555,555 to the Prime Minister’s Disaster Relief Fund for families affected by the floods. The federation is also collecting essential supplies for distribution in the affected areas.
PM Shah Urges Public to Stay Alert as Heavy Rainfall Forecast from Friday
Prime Minister Balendra Shah has urged the public to remain alert as heavy to extremely heavy rainfall is forecast across several parts of Nepal from Friday to Sunday . Shah, who is currently in New York to attend the 81st session of the United Nations General Assembly, cited the Department of Hydrology and Meteorology’s forecast while urging people to take necessary precautions. According to the forecast, parts of Gandaki and Lumbini provinces could receive heavy to extremely heavy rainfall from September 25 to 27. Heavy rainfall is also likely in some areas of Koshi, Bagmati, Madhesh, Karnali and Sudurpaschim provinces. The rainfall could trigger floods, landslides, debris flows and inundation, while disrupting road and air transportation, Shah said. He urged people to avoid highway travel during rainfall and refrain from travelling at night as far as possible. People living near rivers and streams, particularly in flood-prone areas, have also been advised to remain cautious. Shah also urged those planning trekking or travel to mountainous areas to postpone their trips until weather conditions improve and regularly follow updates from the Department of Hydrology and Meteorology and local administrations. He has also called on concerned government agencies to strengthen preparedness, coordination and vigilance in response to the forecast.
NEPSE Witnessed a Loss of 36.25 Points; All Sector Close at Red
The Nepal Stock Exchange (NEPSE) recorded a double-digit loss, losing 36.25 points (1.36%) to close at 2,618.03. This follows a 7.06 -point gain in the previous trading session. The benchmark index opened at 2,670.28 and fluctuated between an intraday high of 2,671.04 and a low of 2,613.13 before settling at the close. Total turnover for the day amounted to Rs. 6.35 Arba, with 21,622,728 shares traded across 352 companies through 57,947 transactions. The total market capitalization stood at Rs. 45.03 Kharba, with a float market capitalization of Rs. 15.25 Kharba. SHIVAM CEMENTS LTD (SHIVM) topped the turnover chart, recording transactions worth Rs. 38.34 crores. The company’s stock closed at Rs. 687.00 . Dhaulagiri Laghubitta Bittiya Sanstha Limited (DLBS) led the gainer's list with a 15.00% gain. The stock closed at Rs. 1,341.90. Meanwhile, First Micro Finance Laghubitta Bittiya Sanstha Limited (FMDBL) recorded the Highest fall, falling by 8.54%. The last traded price of the company was Rs. 750.00 . Among sectors, the Life Insurance recorded the highest loss, losing by 2.04%, while Mutual fund recorded the least loss, down 0.15%.
Snow Rivers and Shangrila Development Bank Share Prices Adjusted Following Bonus Shares
The Nepal Stock Exchange (NEPSE) has adjusted the stock prices for Snow Rivers Limited (SNORL) and Shangrila Development Bank Limited (SADBL) following their respective bonus share proposals. The share price of Snow Rivers Limited has been adjusted to Rs 859.09 to reflect a 10% bonus share issue. Prior to this adjustment, the company’s stock had closed at Rs 945. Similarly, the share price of Shangrila Development Bank Limited has been adjusted to Rs 411.54 to account for a 4% bonus share proposal. Its stock was previously traded at a closing price of Rs 428. Trading for both listed companies will resume based on these revised reference prices tomorrow.
Nepal's Disaster Reflects Growing Climate Crisis: UN Secretary General
UN Secretary General Antonio Guterres has drawn the world attention that recent disaster in Nepal had demonstrated the impact of climate crisis. In the opening of 81st session of UN General Assembly in New York today, Secretary-General Guterres viewed the mountain countries, including Nepal, have suffered most owing to global temperature rise. The world will see further hazards with increasing temperature causing glacier melt, he warned. The world leader also reminded the warning he had issued from Nepal to the world on fast melting of glaciers. "I'd issued warning three years back that the world roof was caving in," he said, adding that there were some taking the warning as a stretch then. But the present Bhotekoshi flood in Nepal has proved that the climate change impacts are quicker and more serious and more intense than expected. He further said climate change is not a concern merely for future but it has become a present reality. But the countries having little role in global carbon emission are bearing the brunt, according to him. Secretary- General Guterres argued the countries responsible for pollution should pay the price and those at the receiving end deserve compensation and financial assistance. "There is not adequate budget in the dedicated fund for loss and damage. I urge the developed countries to abide by their climate finance commitments," the UN Secretary-General said, asking the world leaders and representatives at the UN General Assembly to increase finance for climate adaptation three fold and mobilize additional resource to the loss and damage fund.
MG Motors Announces Festive Offer With Benefits Upto Rs. 3 lakhs
Paramount Motors Nepal, the authorized distributor of MG Motor in Nepal, has announced its festive offer “Drive More, Celebrate More.” The offer, effective from Asoj 6 until Chhath, provides benefits of up to Rs 3 lakh on selected MG models. Customers can also get complimentary insurance, free road tax, Easy Exchange and Easy Finance facilities under the scheme. The offer is available on models including MG HS PHEV/HEV, MG U9 EV, MG IM6, MGS6 EV, MGS5 EV and MG4. The lineup includes the recently launched MG HS PHEV/HEV hybrid, the MG U9 EV, a 4x4 electric pickup and the MGS6 EV, which comes with a 180 kW motor, rear-wheel drive, independent rear suspension, and a claimed range of up to 530 km. The MGS5 EV, priced from NPR 43.99 lakh, also features RWD and independent rear suspension Customers can visit their nearest MG showroom for details and to avail the offer.
Nepal's Parliament Introduces Landmark Waste Management Bill, Championing Circular Economy Principles
In a significant move towards sustainable development and environmental stewardship, Nepal's House of Representatives, during its Wednesday session, saw the introduction of the 'Waste Management Bill, 2083'. The bill, presented by Minister for Infrastructure Development Sunil Lamsal, received unanimous consent from the house for further deliberation, signaling a collective commitment to addressing one of the nation's pressing environmental challenges. Minister Lamsal, in presenting the bill, underscored the critical need to clearly define and delineate the roles and responsibilities of the Nepal government, provincial governments, and local bodies in the comprehensive management of waste – encompassing its generation, collection, disposal, and overall processing. He emphasized that effective coordination among these three tiers of government is paramount for fostering a clean and healthy environment across the nation, making this legislative framework indispensable. The core objectives of the 'Waste Management Bill, 2083' are multifaceted. Primarily, it aims to mitigate the adverse impacts of waste on human health and the environment, a growing concern amidst rapid urbanization and industrialization in Nepal. Beyond mere mitigation, the bill seeks to establish a robust legal foundation for embracing the concept of a circular economy. This innovative approach envisions waste not as an end product but as a valuable resource, promoting its processing and utilization as raw materials, thereby closing the loop in resource consumption. For investors and businesses, this legislative initiative opens up a spectrum of opportunities. The shift towards a circular economy model is poised to stimulate the growth of new industries focused on waste segregation, recycling, composting, and waste-to-energy conversion. Companies specializing in environmental technologies, sustainable infrastructure, and resource recovery are likely to find a fertile ground for investment and expansion. This also aligns with global Environmental, Social, and Governance (ESG) investing trends, making Nepal an attractive destination for impact investors looking to contribute to sustainable development while generating returns. Nepal currently grapples with significant waste management challenges, including inadequate infrastructure, low recycling rates, and the environmental burden of overflowing landfills. The introduction of this bill represents a proactive step to systematically address these issues, moving beyond traditional linear waste management models. By promoting resource efficiency and reducing reliance on virgin materials, the circular economy framework embedded in the bill is expected to foster economic resilience, create green jobs, and enhance the overall quality of life for citizens. The bill's emphasis on inter-governmental coordination is particularly crucial for a country with a federal structure like Nepal. It aims to streamline efforts, avoid duplication, and ensure that waste management strategies are implemented consistently and effectively from the federal level down to the remotest local communities. As the bill progresses through the parliamentary process, it is anticipated to undergo further discussions and refinements, ultimately paving the way for a more sustainable and environmentally conscious Nepal. In a separate development, the Nepali stock market is scheduled to remain closed on Ashoj 5, Monday.