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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 dep⛎ositary 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 has an inter-modal transportation system and t꧒he transportation sector accounted for 3.9% of national GDP in 2019. The main sector performance indicators showed y/y growth in 2019, with the exception ...
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Malaysia’s economy is heavily reliant on oil and gas, with the sector generating 11% of the country’s gross domestic product (GDP) in 2019. Malaysia h꧂olds the fourth-biggest oil reserves and the sixth-largest natural .♕..
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India’s banking sector is regulated and governed by the Reserve Bank of India𒐪 (RBI), which was established in April 1935 in accordance with the provisions of the Reserve Bank 🐼of India Act, 1934. The government allowed the ...
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Malaysia’s power market consists of three geographical markets, namely Peninsular Malaysia, Sabah (including Labuan), and Sarawak. Tenaga Nasional Bhd (TNB) is the ༒main power cꦛompany in Peninsular Malaysia, while ...
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The oil and gas sector is an impor﷽tant driver of growth for the energy-hungry Indonesian economy. However, the sector’s contribution to the domestic economy has declined over the past couple of years reflectiꦐng ...
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The Chinese food sector’s revenue in the second quarter of 2020 reached RMB 501.4bn, up by 8.9% y/y, driven by increased sales and prices of some major 🔴foods.&nꦬbsp;The total profit of the food sector in April-June 2020 rose by 38.8% y/y ...
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In the second quarter of 2020, the performance of China’s chemical 🎀sector improved under the influence of multiple favourable factors such a🌌s the reduction of cost pressure, recovery of market demand, and the effect of relevant ...
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China beverage sector’💜s revenue decreased by 0.1% y/y to RMB 383.9bn in the second quarter of 2020, reflecting the fallout of the coronavirus pandemic. Beverage retail sales in April-June 2020 increased by 9.4% y/y to RMB 55.9bn, ...
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Suppor⛦ted by a rebound of economic growth and an array of government policies to stimulate car consumption, the automotive sector in China witnessed double-🐽digit growth both in production and sales during Q2 2020. The automotive production ...
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The importance 🍬of developing the transportation sector in Thailand has gained significance as the country is being promoted as a regional trading hub and an attractive destination for tourism. Reducing logistical challenges is on the ...
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