Quick Update on Nepal’s Business News: Khabarhub

The banking sector in Nepal is making strides towards gender equality, with women making up 45% of the workforce and holding 42% of positions in commercial banks. Despite these encouraging numbers, barriers still exist for women to reach leadership roles, with only 23% making it to senior management positions. Initiatives promoting inclusive leadership and challenging gender biases are crucial to unlocking the untapped potential of female employees in the banking industry.

In other news, the Nepal Stock Exchange (NEPSE) experienced a significant decline of 33.73 points due to delays in government appointments and policy reviews. Market volatility was evident as NEPSE fluctuated between 1,952.96 and 1,998.52 points, leading to investor uncertainty. Sectors like hotels and tourism saw growth, while life insurance suffered setbacks, resulting in a total investor loss of Rs 52 billion.

On the infrastructure front, the East-West Electric Railway project in Sarlahi is nearing completion, with 90% of the project finished. However, challenges remain in obtaining clearance for tree removal, delaying the opening of tracks. In Kaski district, road construction delays have plagued the area for nearly two years, impacting daily travel and economic activities. Urgent measures are needed to accelerate construction efforts and enhance road safety.

Lastly, the Sinohydro-Sagarmatha Power Company is facing demands from locals for project shares and road upgrades for the Upper Marsyangdi-A Hydropower Project in Lamjung district. Despite tensions, the company is seeking dialogue and offering financial assistance for road improvements. Additionally, Nepal is set to receive a Rs 1.2 billion grant from the World Wildlife Fund for environmental conservation efforts.