Tuesday 20th October 2026
Bangkok — Thailand brought the 2026 IMF–World Bank Group Annual Meetings to a successful close on Sunday, ending seven days of discussions at the Queen Sirikit National Convention Center that opened on October 12. Participants from across the globe used the week to debate where the world economy, financial...
Kathmandu — The world economy is still expanding, but the financial cushions that have protected it from repeated shocks are running low, the International Monetary Fund said at its 2026 Annual Meetings in Bangkok. Nepal’s Finance Minister Swarnim Wagle is among the ministers attending, and he is using the...
Kathmandu — Nepal’s 14 life insurance companies collected a combined NPR 14.32 billion in premiums in Bhadra, the second month of fiscal year 2026/27, according to data published by the Nepal Insurance Authority. The total was 8.21% lower than the NPR 15.60 billion collected in the same month of fiscal year 2025/26. Despite the year-on-year decline, the sector’s performance came amid national mourning following...
Kathmandu — Vehicle owners can now obtain or renew insurance without visiting a Transport Management Office in person, following a government decision to simplify administrative procedures. The Department of Transport Management said the change was introduced through an amendment to the Transport Management Procedures Directive, 2060. A ministerial-level meeting at the Ministry of Physical Infrastructure Development decided to streamline...
Kathmandu — The flood in Rasuwa has disrupted communications with insurance companies, banks, hydropower projects and other offices operating in the area. There is still no confirmed information on the extent of damage caused to the offices of insurance companies and banks. The Ministry of Energy, however, is collecting data on the damage caused to hydropower projects. The branches...
Kathmandu – ICRA Nepal has downgraded Nepal Reinsurance Company Limited’s issuer credit rating from ‘ICRA NP-IR A’ to ‘ICRA NP-IR A-‘, citing the reinsurer’s potentially large exposure to claims from the devastating August 26 flash floods. The company remains on ‘watch with negative implications.’ The ‘W’ notation attached to the rating signals that further review is pending, while the...
Bangkok — Thailand brought the 2026 IMF–World Bank Group Annual Meetings to a successful close on Sunday, ending seven days of discussions at the Queen Sirikit National Convention Center that opened on October 12. Participants from across the globe used the week to debate where the world economy, financial systems and development efforts are headed. Thai officials said hosting the event allowed the country to demonstrate its ability to...
