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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.
During the first quarter of 2019, there was an improvement in the currency exchange rate and oil prices, which had a positive effect on the air transportation sector in China. Demand remained strong, while the temporary grounding of all 96 of ...
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Indonesia is home to the largest ICT market in Southeast Asia, catering for a population of nearly 270mn people. The complex geography of the archipelago nation predefines the dominant position of mobile services over fixed-line. The penetration of ...
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The banking sector in China continued its steady growth in Q4 2018. The total assets of the sector reached RMB 268,240bn, rising by 6.3% y/y or 1.5% q/q. City commercial banks experienced the fastest expansion with assets increasing by 8.3% y/y or 3 ...
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Though the country has abundant metal resources, Indonesia’s metal processing sector is underdeveloped. It has low penetration rate as it accounted for less than 1% of the country’s nominal GDP in 2018. However, the government sees it as ...
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Poland is one of the major producers of agricultural commodities in the EU. The country was the leading producer of apples and poultry meat, ranking second in terms of potatoes, third in cereals and fourth in pork. The sector has significant ...
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There have been tremendous changes in the Indian insurance sector since the market began to be liberalised in 1999 when the Insurance Regulatory and Development Authority of India (“IRDAI”) was formed and allowed private participation in ...
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The Philippines is primarily an agrarian country, with about 23% of its population engaged in farming. In 2018, the agriculture sector alone contributed 8% to national GDP – 9.3% if we include forestry and fishing – according to data from ...
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The revenue of China’s mobile communications equipment sector rose by 9.6% y/y in 2018, boosted by increased sales of mobile communication station equipment, according to MIIT. The gross value added of communications equipment manufacturing in ...
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The manufacturing industry in the Philippines is the top contributor to the country’s economic growth, and the food and beverage (F&B) sector is among the largest contributors within the manufacturing industry. The F&B sector accounted ...
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Colombia is Latin America’s fourth-largest economy, after Brazil, Mexico and Argentina, but, unlike its peers in the region, the country has experienced steady growth over the past five years, thanks to stable and conservative economic policies ...
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