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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 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 brokerꦅages, pension funds, h✃ealth and welfare funds, monetary authorities, stock exchanges, and collection and credit agencies.
The COVID-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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India’s infrastructure𒀰 sector is a vital enabler of the country’s economic development. Presently, India’s infrastructure is comparatively underdeveloped when compared with other emerging market countries. In recent years, ...
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Thailand is the third-largest power producer and consumer in ASEAN. The electric power sector takes 2.6% of the Thai economy, and contributes to about 0.3% of the ove♍rall employment. At the same time, the power sector is an i𒈔mportant ...
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According to the NBS, the sales volume and sales revenue of China’s real estate sector reached 590mn m2 and RMB 5,797bn in the fourth quarter of 2020, which 🗹represented y/y increases of 12.7% and 20.1%, respectively. ...
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Brazil has rich mineral resources, making it an important player in the global mining industry. The country ended 2019 with the world’s largest niobium reserves (84.8% of the total), accoꦚunting for an overwhelming 87.8% of the global ...
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In the fourth quarter of 2020, the sales volume and sales revenue of China’s steel prod𒆙ucts reached 213.8mn tonnes and RMB 1,5🦄43.7bn, representing y/y increases of 27.8% and 38.5%, respectively. The demand for steel products in ...
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The revenue of China&🦄rsquo;s food sector✃ in the fourth quarter of 2020 reached RMB 549bn, down by 4% y/y. The total profit of the food sector in October-December 2020 plummeted by 23.8% y/y to RMB 47.5bn. In Q4 2020, the production of ...
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Calendar year 2020 was remarkable for the Indian insurance industry in more ways than one. For starters, insurance unde🦂rwent an image makeover from a push to a pull product for an increasing number of Indians. Then,🎃 the COVID-19 ...
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The Indian consumer goods and retail sector staged a cautious revival in H2 2020 as conไsumers became inured to living with the world’s second most extensive COVID-19 outbreak. A sustained slide in COVID-19 cases from its peak in ...
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🎃The year 2020 saw countries going into lockdown as a result of COVID-19. The telecom sector became an anchor for economic activities to continue as learners, workers and all non-essential operat💎ions needed to be conducted from home. ...
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