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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.
The Philippine Banking System (PBS) continues to improve its asset quality and, more importantly, broaden access to banking and financial services to citizens. As universal and commercial banks forward the call for financial inclusion, the central ...
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The chemical industry plays a crucial role for the economy of Vietnam. The growth of the chemical industry is driven by an increasing demand for chemicals in the manufacturing and agriculture sectors. Outdated technology and low labour productivity ...
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The Food and Beverage (F&B) sector accounted for more than half of the manufacturing sector's GVA at 57.9% in 2023, and its share of GDP stood at 9.4%, reflecting its importance to the Philippine economy. With the rise in population and increase ...
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The agribusiness sector plays an important role in the Philippines' economy, accounting for 9.4% of GDP in 2023 and 22.2% of employment in October 2023. The Philippines occupies leading positions in the global production of rice, pork, coconuts and ...
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As a pillar industry of the economy, China's oil and gas sector plays an important role in ensuring the country's energy security. China is one of the world's largest producers and consumers of oil and gas. According to the Statistical Review of ...
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Renewable energy plays a pivotal role in China's strategy to meet its escalating energy demands and address the environmental challenges. As the largest market for renewable energy investment worldwide, China spent an estimated USD 890bn on clean ...
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In 2023, China's total cement production declined by 5.0% y/y to 2.02bn tonnes. Due to energy consumption control, production limits and rises in coal prices, the cement industry's supply chain was impacted, and the cement price witnessed a slight ...
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China's telecommunications sector is relatively concentrated, with a few large state-owned enterprises. However, the government has also introduced new measures to allow more market participants in the sector to boost investment in emerging areas ...
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China is one of the largest food producers and consumers globally. It has been the world's biggest producer of grain and meat since 2012, according to the National Bureau of Statistics (NBS). In addition, the country is the world's biggest consumer ...
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Brazil's transport infrastructure sector has seen an influx of private players following several waves of privatisation that began in the late 1990s, continued by specific actions promoted by the federal government to attract private investments. ...
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