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.
In Q1 2024, the net revenue of Brazil's telecom industry stood at BRL 44.2bn, growing by 3.8% compared to Q1 2023 and by 0.7% compared to Q4 2023. Mobile telephony services (including mobile broadband services) accounted for 50% of total revenue in ...
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India's consumer goods and retail sector experienced substantial growth over H2 FY2024, which indicates the economy's ongoing recovery following the pandemic. During this period, rural Indian consumers exhibited a generally weakened propensity to ...
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The Indian pharmaceuticals and healthcare sector is experiencing an increase in activity. India's robust economic growth and the increased health awareness post-pandemic drive more patients and their families to private healthcare service providers. ...
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India's steel sector stands as a cornerstone of the nation's industrial landscape, playing a critical role in the country's economic development. Fuelled by substantial government infrastructure initiatives and increasing private sector investments, ...
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Since the sweeping economic reforms in the 1980s, Vietnam has established itself as one of the world's leading exporters and producers of agricultural goods such as rice, pork, fruits and coffee. With the transition towards a service economy, the ...
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The electronics sector of Singapore, which is arguably one of the most advanced in the world, is home to eight of the top ten fabless semiconductor companies and to two of the top three wafer foundries in the world, not to mention a whole host of ...
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Thailand ranks third in ASEAN in terms of renewable energy capacity, contributing 12% of the region's total capacity in 2023, according to data from the International Renewable Energy Agency (IRENA). The country leads in the bioenergy segment, with ...
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India's textiles and garments sector faced persistent obstacles in fiscal year 2024. The Indian market was inundated with imported man-made fibres (MMFs), primarily from China. In response, the government implemented a minimal import price ...
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China is the world's largest producer, consumer, and exporter of steel. The country's crude steel production and consumption have both ranked first in the world for 28 consecutive years, according to the China Iron and Steel Association (CISA). In ...
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The real estate sector is a major pillar of China's economy and plays a crucial role in the country's economic growth. In 2023, the added value achieved by the real estate sector reached RMB 7,372bn, accounting for 5.8% of the GDP. In addition, the ...
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