Nepal News Evening Economic Brief – September 04, 2026
Summary
Nepal’s economy is being shaped by flood-related disruptions, with trade routes, power exports, tourism, and relief spending all affected. Insurance premiums rose sharply, sugar imports received duty relief, and major companies and institutions moved to support disaster response.
Key Points
- The Department of Customs allowed Mustang-imported goods to be cleared at Chobhar Dry Port through designated internal transit routes.
- Floods in the Bhote Koshi area damaged hydro infrastructure, cutting power exports to Bangladesh and reducing supply to India.
- Ncell CEO Michael Foley resigned amid regulatory and legal pressure, while Buddha Air began commercial operations with a new ATR 72-600 aircraft.
- NVIDIA CEO Jensen Huang donated USD 10 million to Nepal’s Prime Minister’s Disaster Relief Fund, bringing total collections to around Rs 10 billion.
