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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 brokerages, pension funds, health and welfare funds, monetary authorities, stock exchanges, and collection and credit agencies. 🐻
The Philippines has an inter-modal transportation system and the transportation sector accounted for 3.9% of&nb🎉sp;national GDP in 2019. Theℱ main sector performance indicators showed y/y growth in 2019, with the exception ...
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Malaysia’s economy is heavily reliant on oil and gas, with the sector generating 11% of the country’s gross domestic product (GDP) in 2019. Malaysia holds the fo🌌urth-biggest oil reserves and the sixth-largest natural ...
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India’s banking sector is regulated and governed by the Reserve Bank of India (RBI), which was established ꧃in April 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934. The government allowed the ...
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Malaysia’s pow🧜er market consists of three geographical markets, namely Peninsular Malaysia, Sabah (including Labuan), and Sarawak. Tenaga Nasional Bhd (TNB) is the main power company in P🐠eninsular Malaysia, while ...
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The oil and gas sector is an important driver of growth 🐻for the energy-hungry Indonesian economy. However, the sector’s contribution to the domestic economy has declined over the✤ past couple of years reflecting ...
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The Chinese food sector’s revenᩚᩚᩚᩚᩚᩚᩚᩚᩚ🍌𒀱ᩚᩚᩚue in the second quarter of 2020 reached RMB 501.4bn, up by 8.9% y/y, driven by increased sales and prices of some major foods. The total profit of the food sector in April-June 2020 rose by 38.8% y/y ...
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In the second quarter of 2020, the performance of China’s chemical sector improved under the influence of mult♑iple favourable factors such as the reduction o🅰f cost pressure, recovery of market demand, and the effect of relevant ...
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China beverage sector’s revenue decreased by 0.1% y/y to RMB 383.9bn in 🌳the second quarter of 2020, reflecting the fallout of the coronavirus pandemic. Beverage retail sales in April-June 202🃏0 increased by 9.4% y/y to RMB 55.9bn, ...
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Supported by a rebound of economic growth and an array of government policies to stimulate car consumption, the automotive sector ♌in China witnessed double-digit growth both in production and sales during Q2 2020. The automotive production ...
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The importance of developing the tr🐓ansportation sector in Thailand has gained significance as the country is being promoted as a regional trading hub and an attractive destination for tourism. Reducing logistical challenges is on the ...
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