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 31.9mn, Malaysia is one of the more developed countries in the ASEAN region. In 2016 the construction and real estate sector collectively employed 1.3mn people, accounting for 9.4% of total employment. That same year, ...
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The electric power industry in Russia generates 3% of the country’s gross domestic product (GDP) and the government sees it as a strategically important sector. So, in accordance with the Federal Law, the Russian government controls key assets ...
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The travel and tourism sector plays a significant role in Malaysia’s economy, directly contributing 4.7% to Malaysia’s 2016 GDP and accounting for 12% of total employment. Thus, travel and tourism receives considerable attention from the ...
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Brazil is the eighth-largest pharmaceutical market in the world. In 2016, the retail drug market, based on ex-factory prices, rose by 15.5% y/y to BRL 87.2bn, supported by upward price dynamics and steady demand for innovative patented drugs. In ...
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China's healthcare system is hospital-centric, with public hospitals delivering approximately 90% of the inpatient and outpatient care consumed in the country in both hospitals and basic medical institutions. Nearly 40% of hospitals’ revenue is ...
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Alongside developing renewable energy projects in line with plans to reduce the share of coal power in the country’s generation mix, the government is working to reform the thermal power sector and make coal-fuelled plants more efficient and ...
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The automotive sector in Romania experienced significant growth since the privatisation of Dacia in 1999 and became a key pillar of the economy. According to Oxford Economics data, the automotive sector generated 9.5% of the manufacturing value added ...
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The rapid economic growth and the rising earnings in Romania are fuelling consumer confidence and spending. This, coupled with supportive policy measures from the government in the form of VAT cuts, is having a significant positive impact on the ...
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Despite the emergence of new global suppliers, China remains a major power in the field of textiles. The country is a global leader in the production and exports of cotton textiles, accounting for 36.7% of the global exports of cotton textiles and ...
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China is the world’s second largest pharmaceutical market after the US and the largest producer and exporter of active pharmaceutical ingredients (APIs) globally. Since it is the world’s most populous country, with a large share of ageing ...
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