Secure shopping
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.
Despite the outbreak of COVID-19 and the consequent business disruptions in Q1 2020, China’s insurance sector maintained its expansion trend. The sector’s total assets reached RMB 21.7tn at the end of the quarter, representing a growth of ...
View more details
Despite the impact of the COVID-19 pandemic, the growth of China’s banking sector has been solid. According to statistics published by China Banking and Insurance Regulatory Commission, the total banking assets reached RMB 302tn during the ...
View more details
2019 was a challenging period for the banking sector in Argentina. Starting in April 2018, an economic contraction unfolded, continuing throughout 2019, deteriorating business activity. A sharp devaluation of the Argentine peso and a jump in ...
View more details
The mobile telephony subsector is set to undergo a big change, as the current duopoly of PLDT Inc and Globe Telecom Inc will be challenged by the entry of a third player, DITO Telecommunity Corp. On the back of this development, this subsector has ...
View more details
In early 2020, a worldwide outbreak of coronavirus occurred, affecting the global socio-economic reality. COVID-19 posed a particular challenge to the healthcare industry. Since the pandemic started in Wuhan, Hubei province, China took a leading role ...
View more details
In the first quarter of 2020, China food sector’s revenue dropped by 10.9% y/y to RMB 397.8bn, due to the coronavirus pandemic. The large-scale quarantine also harmed the sector’s total profit for that quarter, which slumped by 28.2% y/y ...
View more details
Malaysia is a global Islamic finance leader. Thus, in Malaysia, takaful operators, which provide insurance contracts modified to be compliant with Shariah principles, compete directly with conventional insurers. The first modern insurance company was ...
View more details
Although Indonesia has abundant metal resources, its metal-processing sector is underdeveloped. The country has mainly exported lower value-added minerals and imported higher value-added metal products. To squeeze more value from its metal ores and ...
View more details
Malaysia’s transport and storage GDP recorded robust growth in 2019 despite the slower overall economic activities. Main sector performance indicators showed positive and healthy growth in 2019, except for rail passenger volume and air cargo ...
View more details
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 communications equipment manufacturing during this period slid by 1.1% y/y. Despite the ...
View more details