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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's automotive sector continued to rank first globally in terms of production and sales in 2023. According to the statistics published by the China Association of Automobile Manufacturers (CAAM), the country's total motor vehicle output and sales ...
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The automotive industry is one of the pillars of the Polish economy. It accounted for 8% of the country's GDP and approximately 13.5% of its exports value in 2022, according to the latest available estimates by the Polish Investment and Trade Agency ...
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In 2023, Colombia's economic activity decelerated rapidly, and this was reflected in a deacceleration of the total loan portfolio linked to household consumption and lower profitability. The latter was partly explained by the increase in provisioning ...
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In January 2023, the Building and Construction Authority (BCA) of Singapore projected that the island nation's construction sector would see preliminary demand in the range of SGD 27bn to SGD 32bn by the end of the year. Instead, the figure reached ...
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Singapore's real estate sector remained strong during and after the COVID-19 pandemic. Private home prices surged by 10.6% in 2021 and by 8.6% in 2022, pushing Singapore to become the most expensive real estate market in the Asia-Pacific region, with ...
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The Indonesian food and beverage industry is a key driver of growth for the manufacturing sector and the national economy. Its strength is supported by abundant natural resources and increasing domestic demand. In 2023, Indonesia ranked as the ...
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During the United Nations Climate Change Conference (COP26) in November 2021, Thailand set a target to become carbon neutral by 2050. The country's power development plan, which maps out strategies for integrating renewable energy into Thailand's ...
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Indonesia, a key player in the Southeast Asian region, boasts abundant mineral wealth. It leads globally as the top provider of thermal coal and ranks as the world's second largest tin exporter. Additionally, it is a significant source of minerals, ...
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In 2022, Malaysia continued to consolidate its position as the third-largest four-wheel motor vehicle manufacturer and market in the ASEAN region, behind Thailand and Indonesia. Motorcycles and passenger vehicles were the main two segments in the ...
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The Philippines has a thriving microinsurance market that provides relatively straightforward insurance policies to meet the protection requirements of this demographic despite its overall insurance industry being one of the least developed in the ...
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