Debris has obstructed nine hydropower tunnels under construction in Rasuwa and Nuwakot districts, trapping more than 900 workers from Nepal, South Korea and China. The scale of the underground emergency has complicated rescue operations.
Rescue teams have purportedly been unable to establish communication with individuals trapped inside the affected hydroelectric facilities and the tunnels underneath them
Nepal's Ministry of Finance said international partners have offered coordinated financial support for flood response and rebuilding efforts across affected regions, as the government moves to channel emergency aid following widespread damage.
Nepal’s tourist board said more than 500 tourists were currently missing in the country, including more than 100 from India, 54 from the US, 33 from the UK and more than 100 from Nepal itself.
Nepal has completed its first IMF-supported programme in almost two decades, ending it with inflation down to 1.7%, more than a year's worth of import cover in reserve and a fiscal deficit it can defend.
The winners are likely to be countries capable of building integrated ecosystems spanning renewable generation, batteries, charging networks and EV manufacturing.
Across Asia, governments are now accelerating approvals for renewable projects and grid modernisation schemes. Battery storage investments are making headlines almost daily.
The tentative peace agreement between the United States and Iran has been greeted with a mixture of relief and caution across much of East and Southeast Asia, a region that has borne more than its fair share of the economic fallout of late.
For much of the 26 years since the beginning of the millennium, India has aimed at becoming a rising economic power by way of first becoming a service centered hub and gradually shifting towards becoming a centre of manufacturing.