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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.
Thailand’s strong economic growth has resulted in a constantly increasing demand for oil and gas. Natural gas accounts for about 60% of the country’s power generation. Its oil and gas reserves are falling amid rising domestic petroleum ...
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The large size of the Russian population offers strong growth opportunities to the insurance companies but the sector remains underdeveloped mainly because of the low income levels in the country and the limited awareness of the benefits of insurance ...
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Turkey’s insurance sector witnessed robust growth throughout 2013-2017, with premiums rising at a compound annual growth rate (CAGR) of 18.6% over the five-year period. Expansion was supported by increasing employment, consumption and ...
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Although mining has taken place in Ecuador since precolonial times, the sector has never been a pillar of the economy, mainly due to an unfavourable government policy that has discouraged investments. In 2017, mining contributed to just 0.5% of the ...
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The Indian oil and gas sector has traditionally been dominated by PSUs as a result of policy and regulatory barriers. The state-owned Oil and Natural Gas Corporation Ltd (ONGC) dominates the upstream segment, while the Indian Oil Corporation Ltd ...
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Petroliam Nasional Bhd (Petronas) is Malaysia’s national oil company holding exclusive ownership over the country’s oil and gas resources. In the upstream sector, Petronas enters into productionsharing agreements with other local and ...
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In the third quarter of 2018, total passenger traffic in China saw a slight decrease of 1.3% y/y to 4.7bn persons, due to declined passenger traffic in the highway subsector. In Q3 2018, highway passenger traffic slid by 4.8% y/y to 3.5bn persons, as ...
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China textile sector’s revenue in the third quarter of 2018 plunged by 32.5% y/y to RMB 708.5bn, due to decreased sales of textiles. The production of textiles continued to decline in Q3 2018 because of increasingly stringent environmental ...
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China is the world’s largest retail market and a global leader in e-commerce. As the country makes its transition from a manufacturing-based economy to a service-oriented one, the government’s priority has become that of ensuring stable ...
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The Malaysian banking sector comprised 54 banks as at the end of 2017. While foreign banks been present in Malaysia from the inception of the modern banking industry in the country, domestic banks have come to dominate the country’s ...
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