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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.
The agribusiness sector plays an important role in the Philippines' economy, accounting for 9.5% of GDP in 2022 and 22.5% of employment in October 2022. The Philippines occupies leading positions in the global production of rice, pork, poultry meat, ...
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The food & beverage sector plays an important role in the Philippines' economy, accounting for 9.7% of GDP in 2022. The Philippines occupies leading positions in the global production of rice, pork, poultry meat, coconuts and bananas with mixed ...
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Indonesia's financial sector contributed 3.3% to the country's gross domestic product (GDP) in 2022, according to figures provided by the National Statistics Office. When compared to its Southeast Asian counterparts, the sector is underpenetrated, as ...
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The sold production of the food & beverage industry stood at PLN 299.7bn in 2021, which represented 11.4% of the total value of industrial production. Poland is an important food producer within the EU. In 2022, it was the top poultry meat producer, ...
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Agriculture is one of the backbones of Indonesia's economy, contributing approximately 13% to the country's gross domestic product (GDP). The sector provides income for 38.7mn people, or the equivalent of 29% of the total workforce in 2022. ...
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Colombia was the fifth largest pharmaceutical market in Latin America in terms of sales value in 2021, due to its large and growing population. The country has a near-universal social security health insurance system, which has experienced chronic ...
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The 2022/2023 season marked a significant milestone for Brazil's agribusiness sector, with record-breaking yields for grain and soybean production, robust growth in the meat export market and resilience in fish farming. The grain harvest concluded in ...
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The electric power sector is an important driver of economic development and employment growth for energy-hungry Indonesia. The sector employed some 320,000 people as of 2022. The country's power generation mix is dominated by coal, which accounts ...
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