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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.
Thailand is the third-largest power producer and consumer in ASEAN. The electric power sector takes 2.6% of the Thai economy, and contributes to about 0.3% of the overall employment. At the same time, the power sector is an important ...
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According to the NBS, the sales volume and sales revenue of China’s real estate sector reached 590mn m2 and RMB 5,797bn in the fourth quarter of 2020, which represented y/y increases of 12.7% and 20.1%, respectively. ...
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Brazil has rich mineral resources, making it an important player in the global mining industry. The country ended 2019 with the world’s largest niobium reserves (84.8% of the total), accounting for an overwhelming 87.8% of the global ...
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In the fourth quarter of 2020, the sales volume and sales revenue of China’s steel products reached 213.8mn tonnes and RMB 1,543.7bn, representing y/y increases of 27.8% and 38.5%, respectively. The demand for steel products in ...
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The revenue of China’s food sector in the fourth quarter of 2020 reached RMB 549bn, down by 4% y/y. The total profit of the food sector in October-December 2020 plummeted by 23.8% y/y to RMB 47.5bn. In Q4 2020, the production of ...
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Calendar year 2020 was remarkable for the Indian insurance industry in more ways than one. For starters, insurance underwent an image makeover from a push to a pull product for an increasing number of Indians. Then, the COVID-19 ...
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The Indian consumer goods and retail sector staged a cautious revival in H2 2020 as consumers became inured to living with the world’s second most extensive COVID-19 outbreak. A sustained slide in COVID-19 cases from its peak in ...
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The year 2020 saw countries going into lockdown as a result of COVID-19. The telecom sector became an anchor for economic activities to continue as learners, workers and all non-essential operations needed to be conducted from home. ...
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The COVID-19 outbreak shaped the construction industry in Latin America during 2020. The economy of the four largest markets, namely Brazil, Mexico, Argentina and Colombia, contracted significantly over the year. The construction ...
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Argentina has the third largest ICT sector in Latin America by number of subscribers, beaten only by Brazil and Mexico. In regional terms, the country also has relatively high penetration rates in the main ICT services – ...
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