Nepal Floods Ruin Merchants, Traders Ahead of Crucial Festival Season

Nepal floods ruin merchants, traders ahead of crucial festival season

The catastrophe struck just ahead of the crucial September-to-November Hindu festival season, when celebrations typically drive a surge in spending.

Nepal floods hit economy, traders lose millions, festival season spending at risk

Nepal’s floods have destroyed shops, stocks and trade routes ahead of the key festival season, leaving businesses with heavy losses, rising costs and loans to repay as spending risks weaken.

Nepal floods devastate merchants before festival season

Nepal floods devastated merchants and trade routes ahead of the festival season, causing heavy losses and disrupting the country’s economy and supply chains. Read more at straitstimes.com.