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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.
Petronas, Malaysia’s national oil and natural gas company holds exclusive ownership rights to all oil and natural gas exploration and production projects in the country. Petronas dominates the upstream sector, where it enters into ...
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Indonesia’s renewable energy (RE) sector is relatively small and dominated by hydro and geothermal installations. RE-based power had a 15% share in the country’s power capacity mix and contributed 13% to total power generation ...
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In the Latin American context, Colombia lags in developing its road and railway infrastructure due to a prolonged period of underinvestment and relatively low participation of the private sector. But the country’s port and ...
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China’s car parts market saw sales revenue rise by 0.35% y/y to RMB 3.6tn in 2019, according to figures supplied by the China Association of Automobile Manufacturers (CAAM), collated from 13,750 car parts manufacturers ...
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Abundant mineral resources in oil and non-oil sectors across its landscape makes Indonesia one of the leading players in the global mining market. The Southeast Asian nation is the largest supplier of thermal coal to the world and the ...
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In Q1 FY2022, the automotive output volume in India reached 4.51mn units. This figure was well below the average production volume of 6.67mn units reached over the last six quarters (from Q2 FY2020 to Q4 FY2021, excluding Q1 FY2021). On a ...
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In 2020, COVID-19 interrupted the Colombian automotive industry’s recovery experienced in 2018 and 2019, leading to poor performance in terms of output, sales, exports and imports. Despite the troubles, in 2020 Colombia kept its ...
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The COVID-19 pandemic and the related quarantine measures decreased the GVA of the trade sector in Brazil by 3.1% y/y in 2020. An additional negative impact came from the depreciation of the national currency by 23.6% ...
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The transport sector is an essential link to economic growth as it facilitates movement of goods across the supply chain i.e. right from upstream (raw material) to downstream (finished goods). Thus, the development and modernisation of ...
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The COVID-19 pandemic severely impacted economic growth as is evident from the 6.1% contraction in GDP reported by the Thai economy in 2020. The banking sector was impacted with profits falling by 46.0% y/y in 2020 as the sector resorted to ...
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