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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 transport sector in Thailand generates some 5% of the country's GDP and employs nearly 4% of the country's workforce. In line with plans to position Thailand as a logistics and transportation hub, the government has been investing in multiple ...
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The Food and Beverage (F&B) sector plays a crucial role in the economic landscape of ASEAN countries (Brunei, Darussalam, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam) through its contribution to ...
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The renewable energy sector in the countries forming the Association of Southeast Asian Nations (ASEAN) region is at a critical juncture. While there are strong policy commitments and a clear recognition of the region's vulnerability to climate ...
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Thailand ranks third in ASEAN in terms of renewable energy capacity, contributing 12% of the region's total capacity in 2023, according to data from the International Renewable Energy Agency (IRENA). The country leads in the bioenergy segment, with ...
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The food and beverage industry is a key sector for the Thai economy, generating almost 6% of the country's annual GDP. The sector is still recovering from the negative effects of the COVID-19 pandemic, with its gross value added (GVA) in 2023 still ...
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