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 agribusiness sector plays an important role in Thailand's economy, accounting for 8.6% of the country's GDP and earning 7% of total exports. Moreover, the sector employed 30.2% of the country's total workforce in 2023, being the largest employer ...
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Brent crude prices in Q4 FY2024 averaged USD 83.0/bbl, a 2.2% y/y increase in contrast to a 0.9% q/q decline. In each of the three months in Q4 FY2024, Brent crude prices increased m/m due to the simmering tensions of a larger conflict in the Middle ...
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Robust economic activity and rising electrification, the key drivers of power demand, coupled with the rapid expansion of clean energy capacity and regulatory reform, have created a favourable environment for India's power sector ...
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Indonesia's insurance sector has seen a steady growth over the past few years, supported by the country's economic expansion and a rising public awareness of the benefits provided by insurance products. The relatively low penetration rate, with gross ...
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Developing Indonesia's infrastructure has been a top priority for the country's governments during the two terms of outgoing president Joko Widodo. Over the past decade, Indonesia has spent almost USD 800bn on new infrastructure projects as part of ...
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Thailand's ICT sector has been growing at a steady pace over the past few years. Major growth drivers have been the rapid technological advancements, increased internet penetration, and businesses transitioning from traditional to digital services. ...
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Transport infrastructure development is a crucial factor in boosting Indonesia's economic growth, given the fact that the country's territory covers the world's largest archipelago, totalling more than 17,000 islands. The Indonesian transportation ...
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In Q3 FY2024, Brent crude prices averaged USD 83.8/bbl, a decline of 3.3% q/q and 5.4% y/y due to high stockpiles in the US and a slowdown in China, raising concerns about sustained demand. In each of the months of Q3 FY2024, Brent crude prices ...
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India's banking sector is composed of public sector banks, private sector banks, foreign banks, small finance banks, co-operative banks (urban and rural), and non-banking financial institutions (NBFIs). The sector is regulated and governed by the ...
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India is one of the world's most significant food & beverage producers. It occupies leading positions in the global production of rice, wheat, maize, centrifugal sugar, soybean meal, soybean oil, coffee, banana, poultry meat, milk, and shrimp. ...
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