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Banking and insurance
The Banking & Insurance sector – often referred to as the lifeblood of the real economy – is of vital importance in the modern credit-driven economic growth model. Among its functions are intermediation between savers and borrowers, ensuring funds are allocated efficiently; support of payment and settlement systems that facilitate trade and international economic relations; and provision of various products that mitigate risk and uncertainty. The accelerating pace of technological change, stricter regulation and shifting consumer habits are reshaping the traditional banking model and pushing the sector towards innovation-led growth.
Activities associated with Ban🌜king & Insurance are depositary and non-depositary credit intermediation and related activities, investment banking, securities brokerage, commodity contracts dealing and diverse financial investment acti♑vities. The sector also includes insurers, re-insurers and insurance brokerages, pension funds, health and welfare funds, monetary authorities, stock exchanges, and collection and credit agencies.
The F&B sector is identified as a fast-growing industry in Malaysia, dominated by small and medi🐭um enterprises (SMEs). According to Foo🔜d and Beverage Industry – Malaysia 2020 report by Flanders Investment and Trade, the F&B ...
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Since the 1970s, the Malaysian government has identified infrastructure development as a critical enabler for the country&rsq𒁃uo;s transition to an industrialised economy. Throughout this period, the Malaysian government ...
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Malaysia's Agriculture, Forestry and Fishing sector accounted forꦑ 8.2% of GDP, growing бъ 5.9% y/y in 2020. With a share of 43.7%, palm oil was the major contributor to agricultural sector GDP in 2020, followed by livestock (15.1%), ...
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Year 2020 was an exception year due to COVID-19. Prior to the pandemic, the transport anওd storage GDP saw robust growth of around 6% y/y between 2016 and 2019. Steady positive growth was ꧒also recorded across subsectors. The ...
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Malaysia has a long-established insurance sector, with some ♊leading insurers present in the market for over a century. Malaysia also has a world-leading takaful* industry, in line with the government’s ambitions to turn the country ...
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Malaysia has a varied chemicals sector 🐼with a significant role in the ASEAN region. Malaysia is one of the region’s most substantial petrochemicals and exporters, thanks to the country’s sizable cr꧂ude oil and natural gas reserves ...
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Malaysia is the third-largest motor vehicle manufacturer and market (excluding motorcycles) in the ASEAN region, behind Thailand and Indonesia. The motor vehicle industry (iꦦncluding motorcycles) ꦅ;was dominated by ...
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The C꧟OVID-19 pandemic has accelerated the adoption of digital technology for daily activities not only in the “new normal” but also for the future. For households, better broadband connectivity became vital for working ...
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The SEA region has had an admirable record in improving its record against ജinfectious diseases over the nearly three decades from 1990 to 2019. The region’s rapid economic growth relative to the rest ๊of the world has contributed to ...
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Malaysia has one of the ASEAN region’s most developed pharmaceuticals and healthcare sectors. Malaysia has a two-tiered system in which ཧthe government, under the Ministry of Heal🅺th, operates healthcare facilities and regulates medical practice ...
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