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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.
India continues to shine brightly in the global steel industry, with growth fueled by government infrastructure spending and a rebound in private investment within the construction sector. The steel industry holds a key position in vital sectors like ...
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Turkey's infrastructure sector has undergone robust growth over the past decade, the result of sustained government emphasis and substantial allocations from the national budget towards developing the transport and energy networks. The country is ...
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In Q3 FY2024, Brent crude prices averaged USD 83.8/bbl, a decline of 3.3% q/q and 5.4% y/y due to high stockpiles in the US and a slowdown in China, raising concerns about sustained demand. In each of the months of Q3 FY2024, Brent crude prices ...
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Since FY2022, the mining and quarrying sector exhibited a rising gross value added (GVA) to the overall GVA. In FY2023, the sector's GVA stood at 1.84%, signifying an enhanced significance attributed to the implementation of government-led reforms ...
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Thailand's finance and insurance sector contributed a record 9.17% to the country's gross domestic product (GDP) in 2023. Moreover, the sector's gross value added (GVA) increased by 3.1% in 2023, a turnaround from the 2.3% decline reported in 2022, ...
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Insurers have been operating in the Malaysian market for more than a century. Malaysia's conventional insurance companies are complemented by a takaful industry that is recognised globally. This industry offers a Shariah-compliant alternative to the ...
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Poland's limited oil and gas reserves necessitate a heavy reliance on imports to meet the growing demand for fuel. In 2022, only about 3% of its crude oil demand for refineries was met through domestic production, while natural gas production covered ...
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Poland's chemicals and rubber & plastics sector presents a complex picture. While some products saw growth in 2023, such as polyester paints (28.5% y/y growth) and compressors (up 65.5% y/y), others like toluene (-95% y/y) and tyres (-13.5% y/y) ...
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Thailand is one of the world's top tourist destinations, and the tourism sector is crucial for the country's economic and social development. Tourism accounts for approximately 20% of Thailand's GDP and 21% of the total workforce. Tourism contributes ...
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