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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 Indonesian food and beverage industry is a key driver of growth for the manufacturing sector and the national economy. Its strength is supported by abundant natural resources and increasing domestic demand. In 2023, Indonesia ranked as the ...
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During the United Nations Climate Change Conference (COP26) in November 2021, Thailand set a target to become carbon neutral by 2050. The country's power development plan, which maps out strategies for integrating renewable energy into Thailand's ...
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Indonesia, a key player in the Southeast Asian region, boasts abundant mineral wealth. It leads globally as the top provider of thermal coal and ranks as the world's second largest tin exporter. Additionally, it is a significant source of minerals, ...
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In 2022, Malaysia continued to consolidate its position as the third-largest four-wheel motor vehicle manufacturer and market in the ASEAN region, behind Thailand and Indonesia. Motorcycles and passenger vehicles were the main two segments in the ...
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The Philippines has a thriving microinsurance market that provides relatively straightforward insurance policies to meet the protection requirements of this demographic despite its overall insurance industry being one of the least developed in the ...
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In 2023, Brazil's construction industry navigated through a challenging period, facing hurdles that led to a contraction of its gross value added (GVA) despite initial projections that it would grow. Factors such as high interest rates and delays to ...
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In 2023, India faced a significant surge in food inflation, with notable spikes in essential items like tomatoes and onions, pushing the y/y food inflation rate to a three-year high of 11.5% in July. Meanwhile, the Indian spirits industry exhibited a ...
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India's pharmaceutical and healthcare sector is world-renowned. India is known as the "pharmacy of the world" due to its prolific output of generic medicines and vaccines; in particular, the Indian vaccine producer, Serum Institute of India, played a ...
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The oil and gas sector is one of the eight core industries in India, a vital component of the energy mix with a ~1/3 contribution, making it a key enabler of economic growth. In 2022, crude oil and natural gas sectors had a share of 27.0% and 5.8%, ...
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