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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.
Abundant mineral resources in oil and non-oil sectors across its landscape makes Indonesia one of the leading players in the global mining market. The Southeast Asian nation is the largest supplier of thermal coal to the world and the ...
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In Q1 FY2022, the automotive output volume in India reached 4.51mn units. This figure was well below the average production volume of 6.67mn units reached over the last six quarters (from Q2 FY2020 to Q4 FY2021, excluding Q1 FY2021). On a ...
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In 2020, COVID-19 interrupted the Colombian automotive industry’s recovery experienced in 2018 and 2019, leading to poor performance in terms of output, sales, exports and imports. Despite the troubles, in 2020 Colombia kept its ...
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The COVID-19 pandemic and the related quarantine measures decreased the GVA of the trade sector in Brazil by 3.1% y/y in 2020. An additional negative impact came from the depreciation of the national currency by 23.6% ...
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The transport sector is an essential link to economic growth as it facilitates movement of goods across the supply chain i.e. right from upstream (raw material) to downstream (finished goods). Thus, the development and modernisation of ...
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The COVID-19 pandemic severely impacted economic growth as is evident from the 6.1% contraction in GDP reported by the Thai economy in 2020. The banking sector was impacted with profits falling by 46.0% y/y in 2020 as the sector resorted to ...
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Thailand has developed a modern consumer goods and retail sector rapidly over the past few decades, in tandem with the country’s explosive economic growth. Thailand’s middle-class and affluent consumer base continues to increase ...
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The transportation 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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Malaysia’s power market consists of three geographical submarkets, namely Peninsular Malaysia, Sabah (including Labuan), and Sarawak. Tenaga Nasional Bhd (TNB) is the main utility provider in Peninsular Malaysia, and ...
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Over the past decade, China has been heavily investing in developing its renewable energy (RE) resources as part of the government's pledge to reduce its carbon footprint and meet more of its rapidly electricity needs with clean energy ...
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