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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.
Extra-metropolitan retail establishments and mixed-use communities are proliferating in tandem with the urbanization of the nation. It is anticipated that metropolitan areas, including Metro Manila and Cebu City, will experience a surge in demand for ...
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The Philippines' healthcare system comprises both public and private components. In the Philippines, public healthcare is devolved to local government units, with the central government operating only a few tertiary care and specialist health ...
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The Polish banking sector is characterised by its high stability and safety. It is also one of the most developed in Central and Eastern Europe (CEE). At the end of 2022, the banking sector's assets were worth 88.8% of GDP, which was below the 92.7% ...
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The motor vehicle industry in Latin America continues to recover from the negative effects of the pandemic, but the recovery in 2021 and 2022 (both in output and domestic sales) was insufficient to reach the pre-pandemic volumes reported in 2019 ...
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The transport sector plays a significant role in the Mexican economy, accounting for about 7.1% of the country's GDP in 2022, with the industry providing vital support for domestic economic activity. From 2017 to 2022, the transport sector's GVA ...
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The Indian steel sector stands as a cornerstone of the nation's economy, playing a pivotal role in industrial development. Its robust contribution to employment, both directly and through backward and forward linkages, underscores its significance. ...
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Thailand's pharmaceutical and healthcare industries have grown significantly in recent decades. In 2002, the Thai government began providing universal healthcare to all Thai citizens, a successful initiative covering more than 99.9% of the Thai ...
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Electronics is the world's leading traded commodity, and the industry is the world's fastest-growing as it finds application in all sectors of the economy. The electronics manufacturing sector has become the frontrunner of India's effort to become a ...
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The cement industry is a growth enabler due to its strong linkages to sectors, including construction, infrastructure, housing, transportation, coal, and power. India is the second largest cement producer in the world, with a share of 9.0% of global ...
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