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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.
The Philippines is an archipelago with over 7,000 islands with complex and challenging topography and that makes its transportation needs diverse. Thus, developing a multimodal interconnected transport network is the key to enhancing access and ...
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Southeast Asia is a subregion of the Asian continent which comprises eleven countries, notably Brunei Darussalam, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, Timor Leste, and Vietnam ...
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The Philippines is a young nation with rising data needs - a key growth driver for the telecommunication sector and especially for its fixed broadband sub-sector. The government's initiatives to expand digital penetration, recognising it as an ...
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The ASEAN region has a significant influence on the global electronics market. Thailand, Indonesia, and Malaysia are the primary suppliers of hard disc drives (HDDs), essential components for computer data storage. Approximately 60% of China's HDD ...
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Four-wheel motor vehicle production in ASEAN (particularly Thailand, Indonesia, Malaysia, the Philippines, Vietnam and Myanmar) dropped by 31.6% y/y in 2020 due to the negative effects of the COVID-19 pandemic. However, output saw a strong rebound in ...
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