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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.
Southeast Asia holds an estimated 45.7 Bbbl of crude oil reserves as of end-2019, according to data published in the 2020 edition of BP Statistical Review of World Energy. This translates into a global share of 2.6% ...
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The continued economic recession in Argentina in 2019 pushed down the production and the sales of motor vehicles by 32.5% y/y and 42.8% y/y, respectively. Moreover, production figures were the lowest since 2004 and sales figures were the ...
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Indonesia’s banking sector is growing fast but remains underpenetrated compared to other large Asian economies. The biggest economy in Southeast Asia, Indonesia has the lowest bank asset penetration ratio in the region at just 55% in ...
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In the fourth quarter of 2019, China’s production volume of API declined by 12.7% y/y to 633,000 tonnes, mainly due to the environment-driven production cuts. The decline in output dragged down the sales volume of API, which dropped ...
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China produces one-third of the world’s meat, a quarter of the world’s fruit, and a quarter of the world’s beer. It consumes half of the world’s vegetables and a third of the world’s baijiu. It is also the ...
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As one of the world’s largest economies, China relies heavily on coal to ensure the stable operation of its main industries, including power generation and steel. Domestic demand is satisfied by vast domestic deposits and imports ...
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China’s construction sector has seen tremendous growth over the past years and continues to show great potential despite the current market hardships brought by the COVID-19 global pandemic. The construction industry is of crucial ...
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The Indian consumer goods and retail sector has tremendous growth potential. Unorganised retailers still account for the vast majority of retail sales in India, while modern retailers have only begun to scratch the surface of ...
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Tourism is an important source of revenues for Thailand’s economy, accounting for 19.7% of GDP and about 16% of total employment in 2019, according to the World Travel and Tourism Council (WTTC). The number of foreign tourists ...
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With its huge industry, China is the world’s largest consumer of all kinds of base metals, as well as the largest producer of metal products. The country is also the biggest producer of iron, aluminium, lead and zinc in the world. ...
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