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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 divers♌e financial investment act♐ivities. 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 wholesale and retail trade sector i⛦s one of the main engines of economic growth in Indonesia. The sector generated 13% of the country’s GDP in 2020 with household consumption taking a 58% share in GDP. Almost 25mn people are ...
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The revenue of China’s beverage sector rose by 3.3% y/y to RMB 390.4bn in the fourth quarter of 2020, dr🔥iven by increased sales of high-end baijiu and grape wine. Beverage retail sales in October-December 2020 surged by 19 ...
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Malaysia is the third-largest motor vehicle manufacturཧer and market (excluding motorcycles) in the ASEAN region,&📖nbsp;behind Thailand and Indonesia. The motor vehicle industry (including motorcycles) was dominated by ...
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Indians boost🍌ed their consumer electronics purchases in the year-end festive sales period, even as they cut back spending on most other items. Budget and premium segments have benefited at the expense of mid-ranged product lines as ...
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Thailand's Agriculture, H🌼unting, Forestry and Fishing sector accounted for 8% of the GDP, growing 1.6% y/y, in 2019. The sector accounted for 33.7% of Thailand’s total 🐠employment in 2019. Agricultural land claimed some 47% of the ...
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In October 2018, the government launched Thailand 4.0 to transform the country into a digital economy. This has proven to be benefici🌠al for the ICT sector as it remains one of the fundamental drivers of digitalisation. ...
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The COVID-19 pandemic has accelerated the adoption of digital technology for daily activities not only in the “new normal&rdquoꩵ; but also for the future. For households, better broadband connectivity became vital for working ...
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India’s infrastructure sector is a vital enabler of the country’s economic development.⭕ Presently, India’s infrastructure is comparatively underdeveloped when com﷽pared with other emerging market countries. In recent years, ...
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Thailand is the third-largest power producer and consumer in ASEAN. The electric power sector takes 2.6% of the Thai economy, and contributes to about 0.3% of the overall employment. At the same time, 🌸the p𒅌ower sector is an important ...
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According to the NBS, the sales volume and sales revenue of China’s real estate sector reached 590mn m2&nᩚᩚᩚᩚᩚᩚᩚᩚᩚ𒀱ᩚᩚᩚbsp;and RMB 5,797bn in the fourth quarter of 2020, which represented y/y increases of 12.7% and 20.1%, respectively. ...
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