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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.
Malaysia has a highly developed pharmaceuticals and healthcare sector. Malaysia’s healthcare system is two-tiered. The Ministry of Health (“MoH”) provides comprehensive, taxpayer-funded healthcare services for Malaysian ...
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According to the 2019 Global Competitiveness Index of the World Economic Forum (WEF), there are significant disparities between the economies of ASEAN countries. For example, while Singapore was deemed the world’s most competitive ...
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The Mexican agriculture sector, including crop, livestock and fisheries, plays a key role in the domestic economy. Agriculture GVA accounted for 3.8% of GDP in 2020, and the sector is among the largest employers in the country ...
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The real estate sector which comprises residential, commercial, agriculture, development land and others, and the industrial segment was impacted by the COVID-19 pandemic in varying degrees of intensity. The problems faced by the sector ...
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Malaysia’s renewable energy (RE) installed capacity reached 8.7 GW in 2020, ranking it as the fourth biggest market in ASEAN, according to data provided by the International Renewable Energy Association (IRENA). The share of RE in the ...
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Petronas, Malaysia’s national oil and natural gas company holds exclusive ownership rights to all oil and natural gas exploration and production projects in the country. Petronas dominates the upstream sector, where it enters into ...
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Malaysia’s power market consists of three geographical submarkets, namely Peninsular Malaysia, Sabah (including Labuan), and Sarawak. Tenaga Nasional Bhd (TNB) is the main utility provider in Peninsular Malaysia, and ...
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Commercial banks have a dominating presence in the Malaysian banking sector and they accounted for 69.6% of the total assets as of 2020, followed by Islamic banks with 29.7% of the total assets. The balance is held ...
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