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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 𒈔and non-depositary credit intermediation and rela🔯ted 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 information and communication sector’s contribution to Indonesia’s economy has gradually incre🐭ased over the past few years but still makes up a tiny share of the country’s GDP of just 4% in 2019. Telecoms ...
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India reported installed capacity from renewabl🎉e energy sources as 77,641.63 MW in FY2019. The renewable energy installed capacity was 21.8% of total utility capacity. There is high demand for electricity in India and, with the growth ...
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Malaysian households increased their spending at a CAGR of 9.2% from 2015 to 2019, suggestꦅing broadly growing domestic demand despite many Malaysian consumers grappling with stagnant wages. Malaysia depends on imported ♓food to feed its ...
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The Philippine insurance sector is composed of life, general or non-life, and reinsurance subsectors – with🦋 the life insurance subsector representing a significant portion of the insurance markeꦆt. Growth in the sector has ...
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The Asian region is home to some of the world’s biggest automotive brands, whic💮h has eventually resulted in the birth of local brands in some of the countries. Theꦏ Asian countries featured in this report – China, India, Thailand ...
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The tourism and leisure sector is and will be a one of the top contributors to Malaysia’s economy in years ☂to come, putting the onus on the government to invest heavily in the sector. Malaysia’s location makes it a favourable destination ...
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India has one of🐲 the most significant gems and jewellery sectors in the world. The country is unrivalled in its production of cut and polished gemstones, proce🙈ssing almost 90% of global rough diamond output. Due to gold’s cultural significance, ...
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The Philippines is primarily an agrarian country, with about 22% of its population en🉐gaged in farming. In 2019, the agriculture, forestry and fishing (AFF) sector contributed 8.8% to national GDP, according to data from the Philippine Statistics ...
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