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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 ไand welfare funds, monetary authorities, stock exchanges, and collection and credit agencies. 🍨
ꦏMalaysia’s transport and storage GDP recorded robust growth in 2019 despite the slower overall economic activities. Main sector performance ꧙indicators showed positive and healthy growth in 2019, except for rail passenger volume and air cargo ...
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The revenue of China’s mobile communications equipment sector fell by 4.7% y/y in the first quarter of 2020, according to MIIT. The gross value added of communicat🐻ions equipment manufacturing durin🌌g this period slid by 1.1% y/y. Despite the ...
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Coal dominates Indonesia’s electric power sector as the country has abundant and cost-efficient coal resources. Coal power plants accounted for 51% of the total installed capacity and generated 60% of the electric power in the country in ✱2018. ...
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In the first quarter of 2020, China’s air transportation🌠 sector was severely♋ hit by the coronavirus outbreak starting in January 2020, when the first cases were announced in China. It happened just days before the Chinese New Year holiday, when ...
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The Philippines’ pharmaceuticals and healthcare sector is experiencing accelerating growth. The country’s strong economic performance ove🐼r recent years and the government’s interventions to increase healthcare accesꦅs are bringing ...
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Thailand saw its Internet economy grow to USD 16bn in 2019 from USD 6bn in 2015,ꦆ driven by sustained increase in penetration of mobile and broadband services in the country. The mobile and fixed broadband subsectors are intensely competitive with few ...
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China’s automotive market recorded the second consecutive year of decline in sales during 2019. According to statistics published by the China Association of Automobile Manufacturers (CAAM), the total motor vehicle sales in China re🔯ached 25.8mn ...
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In the first quarter of 2020, China's pharmaceutical manufacturing sect♓or was strongly affected by the coronꦯavirus outbreak. Pharmaceutical companies delayed the start of work, due to blocked transportation and restrictions on movement of people and ...
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In the fourth quarteꦍr of 2019, China&rsq♐uo;s chemical sector’s value added of industry (VAI) rose by 6.2% y/y, 3.5 pp faster than in the same period of 2018. During both Q3 and Q4 2019, China’s economy expanded by a record low of 6% y/y, ...
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In the fourth quarter of 2019 China's telecommunications industry continued to undergo dramatic changes due to the commercialisation of 5G technology. It was a period of intensive 5G infrastructure development and techಞnological upgrade. The official ...
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