Wednesday 10th June 2026
Pyongyang — Chinese President Xi Jinping’s arrival in Pyongyang this week is drawing attention across Northeast Asia, not because Beijing and North Korea lack contact, but because Xi rarely chooses to travel abroad for high-level diplomacy anymore. The visit comes at a moment when the strategic landscape surrounding the...
Kathmandu — IME Life Insurance Company Limited has achieved a significant milestone in its issuer rating. CARE Ratings Nepal has upgraded the company’s rating from CARE-NP BBB+ (Triple B Plus) to CARE-NP AAA- (Triple A Minus). According to the rating agency, the upgrade reflects the company’s strong financial position, effective risk management practices, improving business performance, commitment to corporate governance, and its ability to...
Kathmandu — In the first 10 months of fiscal year 2025/26, life and non-life insurance companies have paid out nearly Rs 58 billion in claim settlements. According to data published by the Nepal Insurance Authority for the period up to April of the current fiscal year, insurers have paid a total of Rs 57.975 billion in insurance claims. Insurance...
Editorial For the Nepal Insurance Authority (NIA), the past seven months have been marked not by regulatory breakthroughs, but by turmoil. The nation’s apex insurance watchdog has seen two of its most senior leaders fall under scrutiny—one acquitted, the other suspended—and now stands cautiously under interim leadership. These events, unfolding one after another, have exposed not just the fragility...
Kathmandu – Himalayan Reinsurance Limited has published its financial statements for the third quarter of the current fiscal year (mid-July to mid-April). According to the report, the company recorded a net loss of NPR 44.3 million as of mid-April, compared to a net profit of NPR 989.3 million during the same period of the previous fiscal year. The company’s...
Kathmandu — A branch manager of Global IME Bank has been found dead in an apparent suicide after posting a message on social media targeting the bank’s top management. The deceased, Pitambar Khadka, reportedly shared a Facebook post on May 18 in which he wrote “You bastard killed me” and posted photos of the bank’s Chief Executive Officer Surendra Raj Regmi along with several senior officials. The post also...
