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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, investme🌳nt banking, securities brokerage, commodity contracts dealingꦺ 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.
Malaysia’s transport and storage GDP recorded robust growth in 2019 despite the slower overall economic activities. Main sector performance indicators showed positi🌠ve and healthy growth in 201🌊9, except for rail passenger volume and air cargo ...
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The revenue of China’s mobile communications equipment sector fell by 4.7🌜% y/y in the first quarter of 2020, according to MIIT. The gross value added of communications equipment manufacturing during this period slid by 1.1% y/y. Despite the ...
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Coal dominates Indonesia’s electric power sector as the country has abundant and cost-efficient coal resources. Coal power plants accounted for 51% of 🦋the total installed capacity and generated 60% of the electric p𝔍ower in the country in 2018. ...
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In 2019, motor vehicle output and sales in Brazil expanded for the third consecutive year, thanks to the recovery of the economy from 🎃the 2015-2016 recession, the improving labour market and declining borrowing costs. However, sector growth ...
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In the first quarter of 2020, China’s air transportation sector was severely hit by the coronavirus outbreak starting in January 2020, when the first൲ cases were announced in China. It happened just days before ♉the Chinese New Year holiday, when ...
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The Philippines’ pharmaceuticals and healthcare sector is experiencing accelerating growth. The country’s strong economic performance over recent years and the govern🌄ment’s interventions to increase healthcare access are bringing ...
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Thailand saw its Internet economy grow to USD 16bn in 2019 from USD 6bn in 2015, driven by sustained increase in penetration of mobi🌞le and broadband services in the country. The mobile and fixed broadband subsectors are intensely competitive with few ...
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China’༒s automotive market recorded the second consecutive year of decline in sales during 2019. According to statistics published by the China Association of Automobile Manufacturers (CAAM), the total motor vehicle sales in China reached 25.8mn ...
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Brazil ranks among the leading💝 global chemical markets, accounting for𒆙 2.6% of the industry’s total net sales in 2018 and ranking sixth in the world. In 2019, sectoral turnover fell by 4.2% y/y to USD 118.7bn, as the local economy posted its ...
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The coal mining sector accounted for 1.1% of Poland's GDP and 0.9% of the total employment𝔍 in the country in 2018. The sector's importance for the Polish economy - treme൲ndous during the communist regime and in the first years after the start of ...
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