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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.
China's automotive sector continued to rank first globally in terms of production and sales in 2024. According to statistics published by the China Association of Automobile Manufacturers (CAAM), the country's total motor vehicle output and sales ...
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Malaysia plays an important role in the global semiconductor value chain. Malaysia is critical to the market for outsourced assembly, packaging, testing, and automated test equipment. The country hosts manufacturing facilities for multinationals like ...
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The steel industry is a cornerstone of India's economic growth, providing essential raw materials for key sectors such as automotive, construction, and transportation. Its influence extends across the economy through strong upstream and downstream ...
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The construction sector is a cornerstone of the Indian economy, playing a pivotal role in employment generation, the creation of state-of-the-art infrastructure, housing development, and contributing to economic growth through its multiplier effect. ...
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ASEAN countries have set ambitious goals to transition away from fossil fuels. Under Phase II of the ASEAN Plan of Action for Energy Cooperation (APAEC), which covers the period from 2021 to 2025, the region has committed to achieving a 23% renewable ...
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Indonesia's construction sector is a key driver of economic growth and a major contributor to employment. The sector generates a tenth of the national gross domestic product (GDP) and employs more than 9mn people. In recent years, the sector has been ...
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Often referred to as "the kitchen of the world", Thailand has gained this recognition due to its prominent role as a global food exporter, and its rich culinary heritage and diverse cuisine. The food and beverage industry is a key sector for the Thai ...
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Designed to resolve some legal and regulatory uncertainties, the new Electricity Law of 2024 (Law Number 61/2024/QH15) and Decision 768/QD-TTg build upon the renewable energy capacity developments that have been made since 2017. The conclusion of ...
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Vietnam's transportation sector incorporates the complete spectrum of transportation modes, such as aviation, coastal, sea and inland waterway shipping, road and rail transport, but road transport is used to move the majority of both passengers and ...
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The automobile industry is one of the most important pillars of the Indian economy, accounting for over 40% of the country's manufacturing output and contributing around 6 to 7% to GDP, while providing employment to more than 30 million people both ...
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