Nepal Reinsurance Company Sees 55% Surge in Net Profit in Q2

Kathmandu — Nepal Reinsurance Company (Nepal Re) Limited has posted a 55.05 percent rise in net profit for the second quarter of the current fiscal year compared to the same period in the previous fiscal year. According to the...


Nepal Insurance Announces Book Closure for 40% Right Share Offering

Kathmandu — Nepal Insurance Company Limited has announced that it will close its shareholders’ registration book for one day on Jestha 30 (June 13) to determine eligibility for its upcoming right share issuance. As per the notice, shareholders who...


China’s Internet-Based Insurance Sector Records Steady Growth, Driven by Post-1995 Consumers

Beijing (China Daily) – China’s internet-based insurance industry is experiencing strong and consistent growth, with online policy purchases quickly catching up to traditional offline channels, according to a new report released jointly by Yuanbao Inc and the Research Center...


World Bank Calls for Public-Private Collaboration to Transform Global Data Infrastructure

The World Bank is advocating for a transformative shift in how national data systems are built and sustained, urging governments to embrace structured partnerships with the private sector to meet the growing demand for real-time, reliable, and development-driven data....


Supreme Court Orders Priority Hearing on Writ Against Insurance Authority Chair Appointment

Kathmandu — The Supreme Court has directed its administration to prioritize the hearing of a writ petition filed against the appointment of Sharad Ojha as Chairman of the Nepal Insurance Authority. A joint bench comprising Justices Mohammad Musalman and...


Foreign Employment Boosts Growth of Term Life Insurance in Nepal

Kathmandu — The expanding wave of foreign employment among Nepalis is fueling significant growth in the country’s term life insurance sector. As more citizens leave the country in search of better job opportunities abroad, the demand for mandatory foreign...


Prabhu Mahalaxmi Life Offers Up to 75% Discount on Renewal of Expired Policies

Kathmandu — Prabhu Mahalaxmi Life Insurance Company Limited has announced a limited-time discount offer on the renewal of expired life insurance policies. The offer, which begins today Jestha 21 (June 4), will remain in effect until Jestha 31 (June...


The third pressures are on Europe’s ground and surface water, lack of concrete action :

Kathmandu june 4, IFOAM released a Press statement to reduction the pollution in Organic European responses. BRUSSELS, 4 JUNE 2025 – IFOAM Organics Europe welcomes the European Commission’s Water Resilience Strategy, a necessary European response to the growing water...


World Bank Approves $257 Million Loan to Nepal for Electricity and Irrigation Upgrades

Kathmandu — The World Bank has approved a $257 million concessional loan to Nepal to strengthen its electricity distribution network and modernize key irrigation infrastructure, in a move expected to bolster the country’s sustainable development efforts. In a statement...


Himalayan Life Insurance Calls for 18th AGM; Proposes 8% Cash Dividend

Kathmandu — Himalayan Life Insurance Limited has announced the date for its 18th Annual General Meeting (AGM), scheduled to be held on Ashar 10, 2082 (June 24, 2025). The decision was made during a board meeting held recently. The ...