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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 assoꦑciated with Banking & Insurance are depositary and non-depositary credit intermediation and related activities, investment banking, securities brokerage, commodity contracts dealing and diverse financial investment activities. 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.
Indonesia’s tourism and leisure༺ sector remains underdeveloped, especially in comparison to regional peers Thailand and Malaysia. The direct contribution of travel and tourism to the country’s GDP in 2017 was just 1.9%, compared with 9.4% ...
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India’s electric power sector, comprising generation, transmission and distribution, is a key enabler of the country’s economic ⛦growth. Globally, Ind🎐ia is the third-largest producer of power, after China and the US. Total electricity ...
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The Pharmaceuticals & Healthcare sector in the Philippines is in a phase of accelerating growth as strong economic performance in the country has been making healthcare more accessible to Filipinos. Additionally, th𓆉e Philippines government has ...
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Thailand tourism & leisure sector plays a🅷 significant role in the national economy. According to World Travel & Tourism Council (WTTC), the sector made a direct contribution of THB 1.4tn to the economy in 2017, 𝔍and the number increases to THB ...
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Construction has always been a favoured tool of the Chinese authorities for stimulati🗹ng the economy and its development closely reflects that of GDP. The slowdown of China’s economy has resulted in more balanced growꦺth of the sector during the ...
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The revenue of China’s textile sector in the second quarter of 2018 plummeted by 25.7% y/y to RMB 818.8bn, d⛄ue to decreased sales of textiles. With the stringent environmental protection policies of the Chinese government toward some of the ...
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In the second quarter of 2018 the revenue of China’s rubber products sector contracted by 24.7% 🤡y/y to RMB 220.3bn, as a result of the decline in production and sales volumes. In this period, the sales revenue of the largest subsector – ...
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In the second quarter of 2018 the revenue ܫof China’s rubber products sector contracted by 24.7% y/y to RMB 220.3bn, as a result of the decline in production and sales volumes. In this period, the sales revenue of the largest subsector – ...
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China’s retail sector continued to grow in Q2 2018, although th✱e pace of growth slowed down to 3.7% y/y. The sector was driven by strong domestic consumption which contributed 78.5% to the country’s economic growth in the first half of ...
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Demand for the prꩲoducts and services of the Pharmaceuticals & Healthcare sector has been growing strongly in Thailand over the ཧpast few years. Thailand has one of the most rapidly aging societies in Asia. The country’s rising affluence has ...
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