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.
Construction has always been a favoured tool of the Chinese authorities for stimulating the economy and its development closely reflects that of GDP. The slowdown of China’s economy has resulted in more moderate growth of the sector ...
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According to data from the China Iron and Steel Association (CISA), in the second quarter of 2019, China produced 261.1mn tonnes of crude steel and 317.8mn tonnes of steel products, up by 9.3% y/y and 11.9% y/y, respectively. Data from the ...
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The automotive production in China slumped by 9.8% y/y in Q1 2019 amid weaker economic growth and a continuous decline in the domestic automotive market. In Q1 2019, China produced 6.3mn cars compared to 7.02 mn in the same quarter of the previous ...
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In Q4 2018, the sales of motor vehicles in China were 7.6mn units, representing a decline of 13% y/y. Commercial vehicle sales remained relatively flat with a 0.9% y/y growth in Q4 2018, but the sales of passenger cars contracted by 15% y/y. ...
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The F&B sector is a pillar of the Malaysian economy, propelled both by robust domestic demand and healthy exports. The country is a regional halal F&B export major which is an additional advantage. The F&B sector has a mixed of ...
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Argentina has a leading position in the production and export of agricultural commodities, ranking among the world’s ten biggest producers of soybean, maize, wheat, beef and poultry meat. The agriculture sector plays a major role in ...
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Indonesia’s insurance sector has low penetration and density rates, which explain its underdeveloped status. The sector generates less than 1% of the country’s GDP, while its premium income was equivalent to 1.95% of GDP in 2017 ...
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The Indian retail sector is one of the fastest growing in the world, thanks to a favourable demographic profile and strong economic growth. Organised retail remains at a nascent stage of development, accounting for only 9% of total FY2018 retail ...
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Investment in China’s real estate sector accelerated in the first quarter of 2019. The value of investment reached RMB 2,380bn, which represented a growth of 11.8% compared to that in the same quarter of the previous year. Investment ...
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Tourism and leisure contributed MYR 84.1bn (5.9% of GDP) directly to Malaysia’s economy in 2018, making it a priority sector for the government which has allocated a single ministry – the Ministry of Tourism and Culture ...
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