MetLife today unveiled a new customer service app offering greater access to information on the insurers’ products and services and a more convenient way for customers to manage their insurance policies with MetLife. The new MetLife Nepal Customer Service App will allow customers to access various MetLife services without having to leave home from their

Mi­cro­fi­nance Com­pa­nies in China See Out­stand­ing Loans De­cline by USD$4.83 Bil­lion in First Quar­ter of 2020

The lat­est data from the Chi­nese cen­tral bank points to size­able de­clines in both the num­ber the out­stand­ing loan bal­ance of Chi­nese mi­cro-loan com­pa­nies in the first quar­ter of 2020. As of the end of the first quar­ter of 2020 there were 7458 mi­cro-loan com­pa­nies op­er­at­ing in China, with an out­stand­ing loan bal­ance of 877.068 bil­lion

Monetary Policy 2077/78 : Contextual Key Addressable Issues for Nepal

-Ravi Dhungel  Nepal Bank Limited Overview  Monetary policy is a plan of action implemented by the central bank of any country for managing and control the money supply of the economy. It is a sister strategy to a national fiscal policy aimed at economic and price stability. The monetary policy of Nepal is governed ad

How To Stop The Global Economy From Plunging Into A Depression?

Yuwa Hedrick-Wong- There is little doubt that the global economy is in recession, which is defined by the IMF as growing less than 2% a year. Looming on the horizon is the even darker threat: global depression, which is characterized by a decline in real GDP exceeding 10% in more than one major economy and lasting

COVID-19 : Developing Asia Growth to Fall this Year

Regional economic growth in developing Asia will decline sharply in 2020 due to the effects of the novel coronavirus (COVID-19) pandemic, before recovering in 2021, according to the Asian Development Outlook (ADO) 2020, the Asian Development Bank’s (ADB) annual flagship economic publication. The report forecasts regional growth of 2.2% in 2020, a downward revision of 3.3

COVID-19 : A Perfect Opportunity for Humans to Introspect

Paromita Vohra- The meditative quiet of my current physical isolation is regularly punctuated by the soft cha-chings of Calendar notifications. As I clean coriander, slice onions, wash the mixie and attend online meetings at home, an Other Me of the notifications, roams around the world — Birkbeck College panel, Morocco conference, Delhi seminar. Your flight

What is ‘BIMSTEC’? What was it established for?

The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) is a regional organization comprising seven Member States lying in the littoral and adjacent areas of the Bay of Bengal constituting a contiguous regional unity. This sub-regional organization came into being on 6 June 1997 through the Bangkok Declaration. It constitutes seven Member

25 banks enters in billionaire club

Among the 28 A class Banks, 24 banks increased their profit in the last fiscal year in comparison to previous one. Profit of 25 banks is in billion. Rastriya Banijya Bank is at the top and Civil Bank is at the bottom in terms of profit amount. S.N Banks Profit last year Profit Previous Year

Current Macroeconomic and Financial Situation of Nepal

(Based on Annual Data of 2017/18) Macro-Financial Outlook 1. The recent national, international and monsoon related developments portend a mixed macro-financial outlook for 2018/19. On the domestic front, successful conclusion of elections, formation of governments and the formulation of budget at all three levels of governments have the potential to create a conductive environment for

Process of opening an bank account in Korea

Setting up a bank account requires proper identification and proof of residency. Usually, a valid passport and an alien registration card suffice as documents for review by commercial banks. Once a bank account is open, the bank will issue a check card. The time taken to issue check cards may vary by bank. Every check