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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.
Indonesia’s banking sector is highly underdeveloped. At 55% of GDP in 2018, the bank asset penetration ratio is among the lowest in Asia. The sector’s gross value added (GVA) generates slightly over 3% of the overall economy and a total ...
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In terms of vehicle numbers, automotive production in India in Q1 FY2020 – i.e. in April, May and June 2019 – saw a continuation of the slowdown registered in the second half of FY2019, when sector performance was hit hard by declining ...
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The performance of the Colombian transportation sector is closely linked to the country’s overall economic situation. After remaining flat in 2016, the GVA of the transportation sector gradually accelerated, reaching a 4.1% y/y expansion in Q1 ...
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With its huge industry, China is the world’s largest consumer of all kinds of base metals, as well as the largest producer of metal products. The country also ranks as the biggest producer of iron, aluminium, lead and zinc in the world. ...
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The revenue of China’s beverage sector continued to decline in the first quarter of 2019, mainly due to decreased sales of soft drinks and baijiu. Beverage retail sales in Q1 2019 were down by 0.1% y/y to RMB 48.2bn. Baijiu sales in ...
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Agriculture has been key to Malaysia’s economic development, and the agriculture sector contributes approximately 7.54% of Malaysia’s GDP in 2018. The country is also undergoing various economic partnerships and is working to reduce or ...
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The agriculture sector has historically served as a pillar of the Indonesian economy. Providing occupation for about a third of the population and contributing to 13% of the country’s GDP, the sector is seen by the government as strategically ...
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China’s banking sector developed steadily in Q1 2019, despite the increasingly tense global business environment and the slowing domestic economic growth. The sector’s total assets reached RMB 275.8tn as of the quarter end, an increase of ...
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A home to the largest automotive market in Southeast Asia, Indonesia has gradually evolved to become one of the largest motor-vehicle producers in the region. The transport equipment sector is an important pillar of Indonesia’s manufacturing, ...
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Being the world’s second largest economy, China relies heavily on coal to ensure the stable operation of its major industries, such as energy and steel. The increasing energy consumption already made China the world’s largest producer and ...
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