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.
Indonesia possesses abundant metal resources, including nickel, tin, copper, and bauxite, which provide a strong foundation for the growth of its domestic metal processing industry. The government's ambitious infrastructure programs further support ...
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Thailand is the third largest producer of crude oil and natural gas in ASEAN. The oil and gas sector benefits from Thailand's strong economic fundamentals, as energy plays a critical role in sustaining its growth. However, with consumption on the ...
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To categorize specific countries, this report employs multiple geographic regions. Geographical regions are defined in this report to account for the potential discrepancies between the references to each region and those that are commonly ...
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The ASEAN region, as covered by the scope of this report, comprises the countries of Indonesia, Malaysia, the Philippines, Thailand, and Vietnam. The only exception is regional external trade which includes the performance of the ten ASEAN members ...
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