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 oil and gas sector powers the economies of a number of countries in ASEAN, playing a key role in meeting the rising energy needs of one of the fastest growing regions of the world. Major oil and gas producers in the region are Indonesia and ...
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Indonesia is heavily reliant on its oil and gas sector to support its energy-demanding economy. However, the depletion of its hydrocarbons fields and the lack of major new discoveries of reserves have led to a decline in the country's oil and gas ...
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In 2023, the global machinery and equipment sector expanded by 7.6%, driven by infrastructure projects and the demand for industrial, construction and agricultural machinery amid pressures from inflation and supply chain constraints. Key trends ...
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In recent years, Indonesia's construction sector has been supported mainly by the government's ambitious agenda for infrastructure development as the country seeks to improve and expand its connectivity network to reduce the development gap between ...
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Indonesia's real estate sector has seen an increase in foreign investments since 2021, when the government permitted 100% foreign ownership in the sector. Over the 2022-2023 period foreign investors poured some USD 5.6bn in the Indonesian real estate ...
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Indonesia possesses abundant metal resources, including nickel, tin, copper, and bauxite, which provide a strong foundation for the growth of its domestic metal processing industry. The government's ambitious infrastructure programs further support ...
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To categorize specific countries, this report employs multiple geographic regions. Geographical regions are defined in this report to account for the potential discrepancies between the references to each region and those that are commonly ...
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The ASEAN region, as covered by the scope of this report, comprises the countries of Indonesia, Malaysia, the Philippines, Thailand, and Vietnam. The only exception is regional external trade which includes the performance of the ten ASEAN members ...
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