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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 is primarily an agrarian country, with about 22% of its population engaged in farming. In 2019, the agriculture, forestry and fishing (AFF) sector contributed 8.8% to national GDP, according to data from the Philippine Statistics ...
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Crude steel production recorded a q/q decline of 1.2% in Q4 FY2020, with a number of companies decreasing their output, such as Jindal Steel Power by 6% and ESSAR by 3%. On the other hand, Tata Steel Ltd recorded a jump of 23% q/q in its crude steel ...
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Indonesia has abundant mineral resources and is a major supplier to global markets of bauxite, tin, nickel, copper, zinc, lead, gold and coal. The country holds the world’s largest nickel reserves and was the top nickel producer in 2019. ...
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In 2019, China‘s three major national oil companies (NOCs), namely Sinopec Group, CNPC and CNOOC, continued to focus on ensuring national energy supply by increasing their domestic exploration and development efforts. The Chinese crude oil ...
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Healthcare remains in inadequate supply throughout most of the SEA region. The shortage is especially evident in healthcare human resources; for instance, apart from Malaysia and China, all the countries in the SEA region have fewer than 1 physician ...
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Poland is a major producer and exporter of agricultural produce in the EU. The agriculture sector accounted for 2.1% of the country’s GDP in 2018 and for 2.4% of Poland’s GVA. Poland’s agriculture also had a 5.1% share in the GVA of ...
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The dominance of local banks in Thailand is evident from the fact that they accounted for 91.5% of total assets and 94.0% of total deposits in 2019. While local Thai banks have been consistently growing their asset base, since 2014 foreign banks have ...
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In Q4 FY2020, the automotive output volume in India reached 5.62mn units. This performance was well below the average production volume of the last seven quarters (from Q1 FY2019 to Q3 FY2020), which averaged 7.38mn units. On a quarterly basis, ...
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Thailand’s food and beverages sector, among the most developed in the world, is the country’s third-largest by value, contributing 23% to national GDP. Thailand’s major food exports include rice, canned tuna, sugar, meat, cassava ...
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In 2019, Mexico consolidated its position as the world’s sixth-largest vehicle manufacturer, with an output of 3.95mn units. During the year, strong foreign demand – especially from the US – was the major driving force for ...
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