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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. Th𒀰e sector also includes insurers, re-insurers and insurance brokerages, pension funds, health and welfare funds, monetary authorities, stock exchanges, and collection and credit agencies.
Asia enjoys excellent positions in the global automotive market, as it is among the wo♛rld’s largest vehicle producers and consumers. Six Asian countries – China, India, South Korea, Thailand, Malaysia, and Indonesia – accounted for ...
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Thailand tourism & leisure sector plays a significant ro♒le in the national economy. According to World Travel & Tourism Council (WTTC), the sector made a direct contribution of THB 1.4tn tꦏo the economy in 2017, and the number increases to THB ...
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Demand for the products and services of the Pharmaceuticals & Healthcare sector has been growing strongly in Thailand over the past few years. Thailand has one of the most rapidly aging societies in Asia. The country&rsquo🎃;s rising affluence has ...
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Thailand is the largest producer of ಌfour-wheel vehicles in the ASEAN region and 🐟the 12th largest vehicle producer in the world. The strength of the industry lies in the combination of a long-standing presence of Japanese car manufacturers and solid ...
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Thailand’s real estate and construction sector ac🐽counted for 8.8% of the country’s GDP in 2017. The real estate sector alone reported GVA of THB 964bn, while the construction sector posted GVA of 399bn in 2017. Real estate and ...
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Thailand's ICT sector is one of the most competitive and well developed within the ASEAN region; for exa🎶mple, broadband and mobile pe♓netration is higher in Thailand than in any other ASEAN country besides Malaysia and Singapore. Thailand also has a ...
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Thailand is the largest produc🔯er of vehicles in the ASEAN region and the 12th largest in the world. With a strong presence of Japanese manufacturers, Thailand is a key player in the global manufacturing network for Japanese vehicles. In the last ...
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The last few years have been tumultuous for Thailand, with political unrest, droughts, floods, and high household indebtedness threatening to derail the growth of ൩the consumer goods and retail sector. Yet, the sector has continued to gr🐬ow throughout ...
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The value added of Thailand’s tran♛sportation and communicaౠtions sector stood at THB 1,030.7bn in 2016, growing 5.5% y/y from 2015. The sector recorded 44,672 transportation and storage enterprises that employed some 1.2 million people, or ...
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Thailand has one of the largest insurance markets in the ASEAN region, ranking second (after𓄧 Singapore). Thailand’s insurance sector consists of both local and foreign companies, with local companies possessing a greater share of the market. ...
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