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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 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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According to the Philippine Statistics Authority, the gross value added (GVA) of the digital economy, which comprises digital-enabling infrastructure (77.2%), e-commerce (20.0%), and digital media/content (2.8%), stood at PHP 2.08tn, contributing 9 ...
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Indonesia is an important global supplier of key crops such as rice, palm oil, rubber, banana and coffee. The country is also prominent in the production of rubber, coconut, sugarcane, mango, pineapple, oranges, tangerines, poultry meat and ...
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The Philippines has a thriving microinsurance market that provides relatively straightforward insurance policies to meet the protection requirements of this demographic despite its overall insurance industry being one of the least developed in the ...
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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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As a result of a low staring point, focused and sustained efforts on the part of the government to invest and attract investments from the private sector, strong public support and robust fundamentals of the domestic economy, the infrastructure ...
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The oil and gas sector fuels the economies of a number of countries in the ASEAN region, with the main players being Indonesia and Malaysia. Thailand and Vietnam are emerging as critical players, with growing exploration efforts and considerable ...
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