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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.
With a population of some 31.9 million, Malaysia is one of the more developed countries, with advanced transportation infrastructures, in the ASEAN region. The sector employed 630,400 people, or 4.45% of total employment in 2016. The transportation ...
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Russia’s banking industry expanded at a robust pace in the 2000-2014 period, with assets growing at an average of 30.2% a year. The industry, however, suffered a serious blow in 2015-2016, when the economy entered a recession triggered by low ...
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The tourism sector of Brazil has significant growth potential thanks to the sector-relevant natural resources of the country, which were recognised as the most abundant in the world in the 2017 Travel and Tourism Competitiveness Report by the World ...
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China is the largest alcoholic beverage producer and consumer in the world, consuming one-third of the world’s spirits and a quarter of the world’s beer. Its beer production ranked first in the world for 14 consecutive years and the ...
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The Chinese automotive sector’s y/y growth sped up in the second half of 2016, improving on an already strong performance in the first half of the year. Sales revenue reached RMB 8,019bn in 2016, up by 14.1% y/y, while total profit grew at a ...
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Thailand was the second-largest power producer among the ASEAN countries after Indonesia in 2016. State-owned company EGAT accounted for nearly 40% of the total installed capacity in Thailand in 2016. Power generation is dominated by natural gas and ...
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China is the world’s largest producer of paper and paperboard, with a production volume of 123.2mn tonnes in 2016. The sector accounts for 0.5% of China’s total fixed asset investment and 1.4% of its industrial employment. The paper ...
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With a population of some 258.7 million, Indonesia is the world’s fourth most populous country and the largest economy among the members of the Association of Southeast Asian Nations (ASEAN). The Indonesian transportation sector employed some 5 ...
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Poland's retail sector is well-developed and has provided a good springboard not only for its representatives, but also for the economy as a whole, as it cushioned the slowdowns in the last two economic cycles. The sector employs around 18% of the ...
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The Philippine economy has expanded rapidly in recent years, with GDP growth reaching 6.9% y/y in 2016. The country’s banking sector is at an early stage of development, with consumer saving and borrowing still largely conducted through the ...
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