Himalayan Flood Devastates Nepal's Border Region, Triggering Economic Collapse
A massive glacier collapse in northern Nepal triggered flash floods and landslides along the Trishuli and Bhotekoshi rivers, causing widespread destruction. Infrastructure, hydropower projects, and SMEs were devastated, and the key trade route with China was severed. Economic losses are estimated at over $5 billion, highlighting the urgent need for climate-resilient infrastructure reconstruction.
This article requires PRO
This article is outside the free access window or is a special report. PRO unlocks it and the full archive.
Related articles
- Indonesia Capital Market Strengthens Scrutiny on Stock Trading Malpractice, Increases Penalties
Indonesia's Financial Services Authority (OJK) and Indonesia Stock Exchange (IDX) are set to intensify oversight and penalties against stock trading malpractice. This move aims to restore market function and enhance the confidence of domestic and foreign investors.
- Indonesian Stocks Plummet Amidst Global and Domestic Pressures
The Indonesian Composite Stock Price Index (IHSG) experienced a sharp decline on November 3rd, weighed down by geopolitical uncertainties, high oil prices, a weakening Rupiah, and concerns over its market status by MSCI. The market faces short-term volatility risks.
- PKS Advocates for VAT Exemption on Sanitary Pads: Aiming to Improve Access to Basic Needs for Women
Indonesia's PKS party is urging the government to abolish the Value Added Tax (VAT) on sanitary pads. The party argues that sanitary pads are a basic necessity for women and should be more affordable.
- Indonesian CPO Export Policy Triggers Malaysian Market Downturn
Indonesia's reduction in Crude Palm Oil (CPO) reference prices and export levies is exerting downward pressure on Malaysian CPO prices. Declining crude oil prices and concerns over rising inventories are also weighing on the market.