Nepal News Evening Economic Brief – February 06, 2026
Summary
Nepal's Sudurpashchim government announces relief for Baitadi bus accident victims, commercial banks report mixed ROE performance, and infrastructure projects like the Nagdhunga Tunnel face delays. The 11th Nepal Buildcon Expo opens in Kathmandu, while the new Shangri-La Premier Resort is planned in Mahottari. Nepal Telecom appoints Reena Dangol as interim MD amid ongoing economic developments.
Key Points
- Sudurpashchim Provincial Government announced Rs 100,000 relief for families affected by the Baitadi bus accident with free medical treatment for the injured.
- Commercial banks in Nepal showed an average Return on Equity of 8.25% in the first half of the fiscal year, with some banks experiencing declines due to rising bad loans.
- The Nagdhunga Tunnel project is delayed by three months due to landslides and requires additional funding from JICA.
- The 11th Nepal Buildcon International Expo opened in Kathmandu, featuring over 300 brands showcasing construction technologies.
- Satya Group plans to build a Rs 1.2 billion Shangri-La Premier Resort and Casino in Mahottari, expected to boost tourism and create local jobs.
