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.
The Malaysian government has been extremely influential in the development of Malaysia’s ICT sector. In the 1990s, Malaysia launched the MSC Malaysia initiative in which it was envisioned that the ICT sector would play a pivotal role in ...
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In the third quarter of 2017, the revenue of China’s food manufacturing sector was RMB 559.9bn, down by 7.2% y/y. The downward trend in overall food prices continued, however, the decline was slower compared to that in the first and second ...
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ICT is part of the more broadly defined Transportation, Communication and Information (“TCI”) sector. Colombia’s TCI sector claimed a share of 7.0% of the national GVA, or around COP 55.5tn, in 2016, remaining stagnant compared to ...
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The growth of China’s beverage sector remained stable in Q3 2017, supported by increased sales of high-end baijiu. The total sales revenue of the 17 listed baijiu producing companies in Q3 2017 jumped by 55.6% y/y to RMB 40.2bn. All three ...
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In the third quarter of 2017, China’s retail sector continued to grow with sales rising by 10.3% y/y to RMB 9,081bn amid ongoing supply-side reform. The average disposable income per capita reached RMB 6,163, up by 8.8% y/y, while the average ...
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The communications equipment sector has enjoyed marginal success in Q3 2017 in the face of high market saturation and domestic economic uncertainty. Inventory increased in a preparation for a record-selling Q4 due to the Chinese Single’s Day ...
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In the first nine months of 2017, the real investments and the building sales have been driven by the continuous rebound of the Chinese economy. While the growth in building sales since the beginning of 2017 slowed down to 14.6% y/y from 43.2% y/y in ...
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Mexico’s construction sector accounted for 8% of the country’s GVA, 5.6% of FDI inflows and 8.1% of the labour force in 2016. Construction activities followed a downward trend during the first nine months of 2017, as a result of lower ...
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China produces one-third of the world’s meat, a quarter of the world’s fruit and one-fourth of the world’s beer. It also consumes half of the world’s vegetables and a third of the world’s baijiu. In the first nine ...
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China, with its huge manufacturing sector, 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 ...
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