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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 Philippines’ real estate sector contracted by 6.8% y/y in 2020 because of the COVID-19 panꦇdemic. However, the market is anticipated to bounce back by 2022 as a result of an anticipated rise in demand from industries such as IT-BPM and ...
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The Philippines’ food and beverage (F&B) sector is a vital cog in the country’s consumption-driven economy. On the one hand, it supplies food and beverages to ro🦋ughly 100mn Filipinos and offers jobs to both skilled and unskilled ...
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According t💯o the 2019 Global Competitiveness Index of the World Economic Forum (WEF), there are significant disparities between the economies of ASEAN countries. For example, while Singapore was deemed the world’s most competitive ...
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The Mexican agriculture sector, including cr✨op, livestock and fisheries, plays a key role in the domestic economy. Agriculture GVA accounted for 3.8% of GDP in 2020, and the sector is among the largest employers in the c꧟ountry ...
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Renewables are the second largest source of electricity in the Philippines. They contributed to a fift𓆉h of the 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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The transportation๊ sector accounted for 3.1% of the national GDP in 2020. The main sector performance indicators showed an y/y decrease in 2020 due to the negative COVID-19 pandemic impact. An exception to this were postal and courier ...
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