Wednesday 23rd April 2025
As global economies wrestle with inflation, rising debt, and widening inequality, the World Bank’s Spring Meetings 2025 have made one thing clear: job creation isn’t just a development goal—it’s the cornerstone of sustainable recovery. With an overarching theme centered on employment as the gateway to prosperity, the annual gathering...
The World Bank has slashed South Asia’s growth forecast for 2025, warning that the region’s fragile fiscal condition leaves it ill-prepared to absorb future shocks. In its latest South Asia Development Update released today, the Bank projects regional growth to slow to 5.8 percent in 2025—down 0.4 percentage points...
Kathmandu – In a move toward greater digital efficiency, Suryajyoti Life Insurance Limited has signed an agreement with Nepal Clearing House Limited (NCHL) to integrate its payment processes with NCHL’s advanced digital infrastructure. With this collaboration, Suryajyoti Life will now be able to conduct a wide range of financial transactions digitally through the NCHL’s National Payment Interface (NPI). The agreement was signed by Prakash...
Kathmandu – Shikhar Insurance has been awarded the ISO/IEC 27001:2022 certification, a globally recognized standard for information security management systems. The ISO/IEC 27001:2022 certification is a testament to Shikhar Insurance’s adherence to international standards in its policies, procedures, and systems. It validates the company’s dedication to the continuous improvement of its information security frameworks and risk management strategies. Shikhar...
Editorial The recent case of Surya Prasad Silwal, a central figure accused of institutional corruption in Nepal’s insurance sector, marks a pivotal moment for the Nepal Insurance Authority (NIA). With the Commission for the Investigation of Abuse of Authority (CIAA) formally filing a case against him, the curtain has fallen on a regime that many believe embodied a deep-seated...
The first quarter of 2025 has seen an alarming surge in economic losses from natural disasters, with damages reaching an unprecedented $83 billion globally, according to risk and reinsurance broker Aon. The bulk of this devastation was concentrated in the United States, particularly California, where wildfires alone accounted for nearly half the global total. In its latest Q1 Global...
Kathmandu – The growing burden of bad loans has pushed Nepal’s commercial banking sector into deep financial stress, as recovery challenges continue to mount. The latest data up to the end of the Chaitra month of the fiscal year 2081/82 reveals that 18 out of 20 commercial banks have seen an increase in their Non-Performing Loans (NPL), signaling a worsening credit environment. According to the third-quarter reports, Himalayan Bank...
