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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.
Thailand's agribusiness and food & beverage sectors accounted for 8.7% and 6%, respectively, of the GDP, rising by 2.25% y/y and 2.18%, respectively, in 2021, as both sectors showed the first signs of recovery after the negative effects of COVID-19 ...
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The healthcare system in the Philippines comprises public and private components. Public healthcare in the Philippines is devolved to local government units, while the central government operates only a few tertiary care and specialist health ...
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Malaysia has one of Southeast Asia's most advanced pharmaceuticals and healthcare sectors. The Malaysian healthcare system comprises two well-developed segments: a taxpayer-funded and government-run system and a private sector. The public system, run ...
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Malaysia has a well-established insurance industry, with some players in the market for over a century. Malaysia's traditional insurance players are supplemented by a world-leading takaful industry, which supplements the conventional insurance ...
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The Indian transportation industry contributed more than INR 7.06tn in gross value added (GVA), accounting for 3.56% of the national economy in FY2021. However, because it is a crucial enabler of business and economic development, the sector has a ...
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The steel industry is one of the crucial industries for Indian economic growth and development. Steel gets its importance from being the key raw material for today's modern world. The sector has strong forward and backward linkages as its supports ...
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India's pharmaceuticals and healthcare sector is globally renowned. India has a reputation for being the “pharmacy of the world" thanks to its prodigious output of generic medicines and vaccines; notably, the Indian vaccine producer, Serum ...
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Crude oil prices softened in March 2023 due to concerns emanating from the turmoil in the financial services sector in the US and Europe, which could have a contagion effect and take a toll on global economic growth. WTI prices for crude oil in ...
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