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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.
China is the world's largest producer and consumer of alcoholic beverages, producing almost one-half of the world's spirits and nearly one-fifth of the world's beer. In 2023, the country's beer output amounted to 35.6bn litres, ranking first in the ...
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In recent years, the admission criteria for foreign banks have been gradually loosened. In 2018, China relaxed the conditions regarding the operation of foreign banks, allowing them to set up branches and subsidiaries. In January 2024, China's ...
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The Philippines is an archipelago that consists of over 7,000 islands therefore building an overland transport network that connects all towns, villages and communities would be very difficult, if not impossible. Instead, to ensure mobility, ...
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The agriculture sector's contribution to Malaysia's gross domestic product in 2023 came to 6.36%. Agriculture, fisheries and forestry employed 10.8% of the domestic labour force in 2023. Palm oil, rubber, cocoa and timber products accounted for ...
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Vietnam's transportation sector encompasses the full range of transport modes including road and railway transport, coastal, sea and inland waterway shipping and aviation. Although both domestic and international travel has been growing consistently, ...
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The agricultural foundation of Vietnam's food and beverage (F&B) industry is very strong given the fact that the country is among the world's largest food producers and a top 20 food exporter. The Ministry of Industry and Trade (MOIT) predicts ...
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The transport sector in Thailand generates some 5% of the country's GDP and employs nearly 4% of the country's workforce. In line with plans to position Thailand as a logistics and transportation hub, the government has been investing in multiple ...
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The Food and Beverage (F&B) sector plays a crucial role in the economic landscape of ASEAN countries (Brunei, Darussalam, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam) through its contribution to ...
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