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Indrapur Jaycees successfully organised the “JCI Nepal Business Academy 2025,” at Nepalirika Hotel in Biratchowk from May 21-24.

Koshi Province Chief Minister Hikmat Kumar Karki inaugurated the program. He attended the event as the chief guest.

JCI Nepal 2025 National President JCI Senator Rajani Thapa chaired the program.

This three-day academy brought together 68 participants from across Nepal.

The training sessions were led by lead trainer Nisha Chandak, with support from assistant trainers Anup Mundada and Kiran KC.

During the opening ceremony, Chief Minister Karki emphasised the importance of such leadership and business development programs and encouraged JCI Nepal to continue organising such programs regularly. He also reaffirmed his and the government’s continued support for such initiatives.

Meanwhile, Shobha Chemjong, Member of the Koshi Province Assembly and Chief Whip of the Nepali Congress, attended the closing ceremony as the chief guest.

JCI Nepal National President Senator Rajani Thapa, National General Secretary Bikesh Lal Shrestha, Chief Training Commissioner Rajaram Gautam, Appointed National Vice President Ujjwal Kabra, and National Executive Vice President Ganesh Sapkota were also present on the occasion.

Speaking at the closing ceremony, JCI Aakash Dulal, Chair of the Hospitality Committee, expressed his confidence that the participants are now better prepared to operate their businesses more effectively and professionally.

Source: ritible

The Nepal Stock Exchange (NEPSE) plunged by 35. 07 points to close at 2, 659.59 points on Tuesday.

Similarly, the sensitive index dropped by 6. 69 points to close at 454. 29 points.

A total of 15,538,474-unit shares of 315 companies were traded for Rs 6. 67 billion.

Meanwhile, Om Megashree Pharmaceuticals Limited (OMPL) and Pure Energy Limited (PURE) were the top gainers today with their price surging by 10. 00 percent.

Likewise, Saptakoshi Development Bank Ltd (SAPDBL) was the top loser with its price dropped by 4. 89 percent.

At the end of the day, the total market capitalization stood at Rs 4. 42 trillion.

The talks of forming an asset management company, or bad bank, has gained ground after the government announced its plans to establish an Asset Management Company (AMC) in the budget for the upcoming fiscal year to manage bad loans and non-banking assets held by banks and financial institutions. 

Presenting the budget for fiscal year 2025/26, Finance Minister Bishnu Prasad Paudel said, “an asset management company will be established to manage bad loans and non-banking assets of banks and financial institutions.” The plan also featured in the government’s policy and programs for 2025/2026.

The High-Level Economic Reform Advisory Commission, led by former Finance Secretary Rameshore Khanal, had also advised the government to form an AMC in light of deteriorating credit recovery rates and an alarming increase in distressed assets across the banking sector.

The concept of AMC started in the 1980s when the US government established the Resolution Trust Corporation (RTC) in 1989 at the height of the savings and loan crisis. Globally, bad banks gained prominence during the 2008 financial crisis. For instance, Ireland established the National Asset Management Agency (NAMA) in 2009, and Spain followed with SAREB in 2012 to resolve toxic assets in their financial systems.

In South Asia, India launched its own bad bank, the National Asset Reconstruction Company Limited (NARCL), in 2021 to help its banks recover from large-scale NPAs. Nepal’s planned AMC is expected to function along similar lines—isolating bad loans and toxic assets from the books of financial institutions so that banks can refocus on lending and core banking activities.

The concept of establishing an asset management company was proposed as early as 2001. At that time, a task force was formed, including former banker Parshu Kunwar Kshetry, Rajan Singh Bhandari, and former executive director of Nepal Rastra Bank, Bhismaraj Dhungana, to conduct a study.

No further action or decision was taken for 25 years. However, as non-performing assets in the banking system increased, the central bank unveiled a plan to open a bad bank through the monetary policy for the current fiscal year, where then-Governor Maha Prasad Adhikari said the central bank would initiate the process for setting up such a company.  In line with this, central bank officials have begun drafting a legal framework for the institution.

The price of gold has increased by Rs 2, 900 per tola in the domestic market on Tuesday.

According to the Federation of Nepal Gold and Silver Dealers’ Association, the precious yellow metal is being traded at Rs 192, 700 per tola today. It was traded at Rs 189, 800 per tola on Monday.

Similarly, the price of silver has increased by Rs 55 and is being traded at Rs 2, 045 per tola today.