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.
Indonesia's wholesale and retail sector generates about 13% of the country's GDP and provides employment to almost a fifth of the total workforce. The sector's performance has been quite volatile in recent years as the COVID-19 social restrictions ...
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Thailand's agribusiness and food & beverage sectors accounted for 8.7% and 6%, respectively, of the GDP, rising by 2.25% y/y and 2.18%, respectively, in 2021, as both sectors showed the first signs of recovery after the negative effects of COVID-19 ...
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The healthcare system in the Philippines comprises public and private components. Public healthcare in the Philippines is devolved to local government units, while the central government operates only a few tertiary care and specialist health ...
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Malaysia has one of Southeast Asia's most advanced pharmaceuticals and healthcare sectors. The Malaysian healthcare system comprises two well-developed segments: a taxpayer-funded and government-run system and a private sector. The public system, run ...
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