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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.
Singapore has emerged as a global air and sea transportation centre as a result of its dynamic export-oriented economy, its advantageous geographical location in the heart of Southeast Asia and the consistent efforts of policymakers. Despite the ...
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Malaysia's renewable energy sector is expanding, driven by ambitious government targets, solid policy frameworks and strong domestic and foreign investment interest. Total installed renewable energy (RE) capacity reached 9.45 GW in 2024, up from 9.29 ...
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China's mobile communications equipment sector can be broadly divided into two sub-sectors: communication terminal equipment (e.g., mobile handsets) and communication station equipment (e.g., base stations and IoT communication modules). In 2024, the ...
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The transportation sector is essential to the strategic running of the national economy, as well as an important service industry. In 2024, the added value of China's transportation sector accounted for 4.4% of total GDP. During the year, China's ...
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Since 2017, China has been the second largest pharmaceutical market, after the US, according to Deloitte, and at the end of 2024 it had a share of 10% of the global pharmaceutical market. According to the National Bureau of Statistics (NBS), the ...
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Malaysia has a modern consumer goods and retail sector. The country's limited production capacity has led to its consumer goods market being heavily reliant on imported goods in specific segments, particularly food and non-alcoholic beverages. ...
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The Thai insurance industry is highly fragmented, with approximately 80 licensed insurers operating in the country. Nevertheless, Thailand's insurance density at approximately USD 384 per capita in 2023 is significantly lower than the USD 3,204 per ...
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The Philippines' healthcare system comprises both public and private components. Public healthcare is devolved to local government units, with the central government operating only a handful of tertiary care and specialist health facilities. ...
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