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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 is the world's leading producer and exporter of textiles. The sustained and stable growth of textile and apparel exports is crucial for China's foreign exchange reserves, balance of international payments, stable RMB exchange rate, employment ...
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The food and beverage (F&B) industry is one of the growth engines of Indonesia's manufacturing sector and economy. The strength of the F&B industry in Indonesia is supported by abundant natural resources and increasing domestic demand. A home to the ...
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The total assets of the scheduled commercial banks (SCBs) in India continued to expand, as credit growth remained robust amid the continuation of economic recovery and reached at least INR 209.20tn by the end of June 2023, compared to INR 200.28tn by ...
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The Gross Value Added (GVA) of the information and communication sector in the Philippines in 2021 stood at PHP 639.0bn, an increase of 9.1% y/y. The Philippine ICT market was given impetus by the COVID-19 pandemic, stronger competition in mobile ...
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Since the 1970s, the Malaysian government has acknowledged infrastructure development as a crucial factor in the country's transition toward industrialisation. During this time period, the Malaysian government explored and used public-private ...
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The steel industry is a crucial driver of economic growth and development in India. Steel is a key raw material for a wide range of industries, including automobiles, construction, and transportation. The steel industry has strong forward and ...
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The insurance sector in Colombia is a competitive market with established players of both local and foreign origin. Slowly, but steadily, insurance products are gaining relevance in Colombia, leading the sector to outgrow the national economy each ...
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In 2022, agriculture, fisheries, and forestry will account for 8.92% of Malaysia's GDP and employ 12.1% of the labor force. Palm oil, rubber, cocoa, and timber products account for roughly half of the output, with tropical fruits and rice also ...
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The Philippines is an archipelago comprising more than 7,000 islands. This means that constructing a reliable overland transport network interconnecting all cities, towns and communities would be an almost impossible feat. Thereforeр an intermodal ...
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