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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 Thai insurance industry is highly fragmented, with approximately 80 licenced insurers conducting business there. Nevertheless, Thailand's insurance density remains extremely low, at approximately USD 369 per capita in 2022, substantially lower ...
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The agribusiness sector plays an important role in Thailand's economy, accounting for 8.6% of the country's GDP and earning 7% of total exports. Moreover, the sector employed 30.2% of the country's total workforce in 2023, being the largest employer ...
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Thailand's ICT sector has been growing at a steady pace over the past few years. Major growth drivers have been the rapid technological advancements, increased internet penetration, and businesses transitioning from traditional to digital services. ...
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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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In tandem with the nation's progress over the past ten years, the Thai construction and real estate sectors have continued to grow. Principal real estate activity centers include the Eastern Economic Corridor (EEC) and the Bangkok Metropolitan Region ...
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During the United Nations Climate Change Conference (COP26) in November 2021, Thailand set a target to become carbon neutral by 2050. The country's power development plan, which maps out strategies for integrating renewable energy into Thailand's ...
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Thailand is the largest producer of four-wheel vehicles in the ASEAN region and the second-biggest market in the region. The strength of the industry lies in the long-standing presence of Japanese motor vehicle manufacturers, which have achieved a ...
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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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