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Laxmi Lube Oil Hosts Technical Meets for Over 700 Mechanics Across Five Cities

Laxmi Lube Oil, the authorized distributor of TotalEnergies lubricants in Nepal, has completed a nationwide technical workshop tour involving over 700 retailers, dealers, and private garage mechanics across five commercial hubs. Titled the "Retailer and Private Garage Mechanic Meet 2026," the events took place in Birtamode, Itahari, Biratnagar, Birgunj, and Chitwan to discuss automotive servicing challenges directly with technicians.

10 sources

Kumari Bank Partners With Ramada Encore Thamel to Offer Discounts

Kumari Bank Limited has finalized a commercial partnership with Ramada Encore by Wyndham in Thamel, Kathmandu, granting discounts and hospitality benefits to its account holders. Under the terms reported by Setopati and Corporate Nepal, customers can access price reductions between 15 and 20 percent on food, beverages, and spa services, alongside equal monthly installment payment facilities.

11 sources

Advertising Association Expands Kriti Awards Outreach With Kathmandu Session

The Advertising Association of Nepal (AAN) has expanded its engagement ahead of the 13th Kriti Awards by staging 'Kriti Connect' in Kathmandu, welcoming non-member agencies for the first time alongside regular members. Previous briefings had been restricted to affiliated firms, but organizers shifted to the broader format under the theme 'Creativity Connect, where it all starts' to foster wider industry collaboration and elevate professional standards.

14 sources

Domestic Slump and Ballooning Trade Deficit Strain Economy

Nepal’s economy continues to grapple with weak domestic demand, a deepening trade gap, and sluggish industrial activity, even as external sector indicators touch record highs. Data analyzed by *Himal Khabarpatrika* shows foreign exchange reserves reached 25.31 billion US dollars and remittances climbed to Rs 2.36 trillion in fiscal year 2082/83. However, commercial banks hold over Rs 1.5 trillion in unutilized lendable funds amid poor borrowing appetite. Manufacturing facilities are running at roughly 42 percent capacity, while private sector credit growth expanded by only 6.5 percent, missing Nepal Rastra Bank’s 12 percent goal.

12 sources

Jumla Steps Up Festive Market Raids and Secures Salt Reserves

Authorities in Jumla have ramped up market inspections and secured essential salt reserves ahead of the Dashain and Tihar festivals. Joint monitoring teams led by the District Administration Office and the Food Technology and Quality Control Division Office inspected 25 retail outlets across Chandannath Municipality, acting under the Food Hygiene and Quality Act, 2024 (2081 BS). Regulators destroyed substandard, spoiled, and expired goods worth over Rs 52,000, citing violations including poor shop sanitation and the use of prohibited artificial colors.

12 sources

NRB Assets Top Rs 4 Trillion Amid Bank Liquidity Glut

Nepal Rastra Bank's total balance sheet surpassed Rs 4.04 trillion by mid-September, bolstered by rising foreign exchange holdings despite sluggish domestic credit demand. Preliminary figures reported by Aarthik News indicate central bank assets grew by Rs 169.91 billion across the opening two months of the fiscal year, with foreign currency assets representing nearly 96 percent of the aggregate. These external holdings include Rs 2.743 trillion in foreign securities and roughly Rs 639.75 billion in overseas bank deposits.

20 sources

Siddhartha Bank Inks $40 Million Risk-Sharing Deal with IFC

Siddhartha Bank Limited has partnered with the International Finance Corporation (IFC), the private-sector lending arm of the World Bank Group, on a $40 million risk-sharing facility to support micro, small, and medium enterprises (MSMEs). Through the initiative, executed under the IFC's Small Loan Guarantee Program, the multilateral agency will absorb 50 percent of the default risk on qualifying small-business loans issued by the commercial bank. Several domestic outlets, including Corporate Nepal, Annapurna Post, and Setopati, reported that the agreement marks the IFC's first risk-sharing transaction in Nepal.

12 sources

Government Warns Market Violators as Festival Rice Subsidies Stall

The Ministry of Industry, Commerce and Supplies has pledged to penalise market violators regardless of their size, even as promised festival price cuts for rice fail to reach consumers ahead of Dashain, Tihar, and Chhath. Speaking to a parliamentary committee, Minister Deepak Kumar Sah cited a recent Rs 300,000 fine on state-backed Salt Trading Corporation Limited as proof that neither public enterprises nor large firms will be spared during market monitoring.

12 sources

Jagdamba Motors Launches SHACMAN Heavy-Duty Electric Trucks in Nepal

Jagdamba Motors has introduced two heavy-duty electric commercial vehicles from Chinese manufacturer Shaanxi Automobile Group into Nepal. The new lineup features the SHACMAN X5000e 6×4 Electric Prime Mover, priced at NPR 2.05 crore, and the X5000e 6×4 Electric Tipper, priced at NPR 2.35 crore. The prime mover targets long-haul logistics and freight transport, while the tipper is designed for civil construction and mining.

14 sources

Goat Trade Surges in Dharan Ahead of Festive Season

Livestock transactions at the Dharan Agricultural Produce Market in Sunsari have expanded significantly ahead of Dashain and Tihar, with trade volumes already tracking 15 percent higher than in preceding years, according to local news reports. The facility, situated in Dharan-13, acts as a primary trading centre for livestock brought from both southern Tarai plains and eastern hill districts such as Dhankuta and Panchthar.

14 sources

Government Fines Salt Trading Corporation Rs 300,000 Over Sugar Stock Data

The Department of Commerce, Supplies and Consumer Protection has penalized state-owned Salt Trading Corporation Rs 300,000 for failing to furnish verified sugar inventory records and obstructing regulatory monitoring. The market regulator levied the penalty under unfair trading provisions of the Consumer Protection Act, 2018, marking the first time the ministry-level apparatus has taken punitive action against a public enterprise under its own supervision.

14 sources

Everest Bank Approves 15 Percent Dividend at 32nd AGM

Everest Bank Limited has approved a total dividend of 15 percent for the fiscal year 2082/83 during its 32nd annual general meeting held in Kathmandu. The distribution comprises a 5 percent bonus share alongside a 10 percent cash payout, with the cash component covering tax obligations tied to the bonus equity.

15 sources

Parsa Resident Wins Rs 1 Million in Tax Incentive Lottery

Lalbabu Sah Kanu of Parsa district has won the Rs 1 million bumper prize in the government's Taxpayer Incentive Gift Programme lottery. Kanu secured the top award for the first fortnight of Asoj after buying Rs 21,000 worth of lubricating oil. Following the announcement held at the Ministry of Finance hall in Kathmandu, Inland Revenue Department Director General Dr. Bhishma Kumar Bhusal notified Kanu by phone and instructed him to visit his nearest tax office to claim the payout.

30 sources

Government Prepares Security Outlets to Sell Cooking Gas

The Ministry of Industry, Commerce and Supplies plans to permit security agencies to sell liquefied petroleum gas through their fuel stations to mitigate shortages during emergencies. Ministry Secretary Rudra Singh Tamang told a parliamentary committee that opening gas outlets at pumps run by the Nepal Army, Nepal Police, and the Armed Police Force will provide a buffer against supply bottlenecks, according to Nagarik News, Karobar Daily, and DC Nepal.

27 sources

NEA Manages Disaster Outages with Imports as Long-Term Deals Advance

The Nepal Electricity Authority is arranging to import 1,154 megawatts of power from India through cross-border links including the Dhalkebar–Muzaffarpur and Tanakpur–Mahendranagar lines, following severe disaster damage. Recent monsoon flooding and landslides disabled over 1,200 megawatts of domestic generation and transmission capacity, including more than 400 megawatts knocked offline along the Trishuli River.

20 sources

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