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.
Thailand's consumer goods and retail sectors have matured significantly in recent decades, paralleling the country's rapid economic growth. Compared to their ASEAN counterparts, Thailand's growing middle and affluent classes are highly ...
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As the government strives to make Thailand a logistics and transportation center, the sector's development and technological advancement are crucial for economic growth. The government has invested in various modes of transportation, concentrating ...
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Indonesia's real estate sector takes a small share in the country's gross domestic product (GDP). In 2022 the sector continued to grow but at a pace slower than the economy and as a result the sector's contribution to the nominal GDP fell to 2.5% ...
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Coal power still has a towering presence in China's electricity generation, but the share of nuclear and renewable energy keeps increasing as the country is changing course towards a cleaner energy mix. According to the International Energy Agency ...
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Commercial banks have a dominating presence in the Malaysian banking sector. They accounted for 74.7% of the total banking assets as of June 2023, followed by Islamic banks at 24.1%. The remaining percentage was held by merchant banks. The Malaysian ...
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Thailand's oil and gas sector benefits from the country's robust economic fundamentals, as energy is essential to maintaining the country's development momentum. As consumption is anticipated to increase, the depletion of Thailand's oil and gas ...
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China is the world's largest producer of grain, meat and fruit. In addition, it accounts for half of the global consumption of pork and one-fifth of the global consumption of edible oil. In 2022, the sales revenue of China's food sector rose by 4.3% ...
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