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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 activi🌳ties, investment banking, securities brokerage, commodity contracts dealing and diverse financial investment activit⛦ies. 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.
Renewables are the second largest source of electricity in the Philippines. They contributed to 🌄a fifth of theܫ country’s power generation in 2020, after coal, and ahead of natural gas and oil. The share of renewables is set to further ...
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Malaysia’s renewable energy (RE) installed capacity reached 8.7 GW in 2020, ranking it as th꧙e fourth biggest market in ASEAN, according to d꧃ata provided by the International Renewable Energy Association (IRENA). The share of RE in the ...
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Joko Widodo won the hotly contested🔥 presidential elections of 2014 based, in part, on a platform of infrastructure investment to accelerate economic growth. This was successful as for decades the Indonesian economy had been plagued with ...
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The revenue of China’s food sector in the second quarter of 2021 reached RMB 507.1bn, 🐻up by 1.1% y/y, driven by increased sales🧔 and prices of some major foods. The total profit of the food sector in April-June 2021 plunged by 24.2% ...
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After a steady growth𒁃 in Q1 2021, China’s insurance sector contracted significantly in Q2 2021. The premium income from April to June 2021 dropped by 13.2% y/y, compared to a rise of 7.8% in Q1 2021. The premium slump in Q2 dragged ...
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