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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.
Since the 1970s, the Malaysian government has acknowledged infrastructure development as a crucial factor in the country's transition toward industrialisation. During this time period, the Malaysian government explored and used public-private ...
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In 2022, agriculture, fisheries, and forestry will account for 8.92% of Malaysia's GDP and employ 12.1% of the labor force. Palm oil, rubber, cocoa, and timber products account for roughly half of the output, with tropical fruits and rice also ...
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More than 90% of Malaysia's energy requirements are met by fossil fuels, with natural gas accounting for approximately 40%, petroleum products, for 34% and coal, 22%. Over the ten-year forecast period (2023-2032). If the current trends remain in ...
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Malaysia's electric power sector consists of three geographical markets, namely Peninsular Malaysia, Sabah (including Labuan) and Sarawak. Tenaga Nasional Bhd (TNB) is the main utility provider in Peninsular Malaysia, and its counterparts in Sabah ...
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The Food and Beverage (F&B) industry in Malaysia, a vital contributor to the economy, was valued at MYR 34.0bn and has been growing at a fast pace, registering a growth of 18.9% y/y in 2022. The food processing industry, which accounted for 8.1% of ...
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The market for consumer electronics is well-established both domestically and internationally. During the pandemic, the country's well-developed semiconductor market was unable to reach its maximum potential. Malaysia is essential to the markets for ...
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Malaysia's consumer goods and retail sector is a significant contributor to the country's gross domestic product (GDP). The sector includes supermarkets, hypermarkets, convenience stores, specialty stores, e-commerce platforms, and more. Strong ...
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Consumption of high value-added Internet-based services has grown in Malaysia prior to, during and after the COVID-19 pandemic. This trend has shaped the structure of the domestic ICT sector in several ways. First, the intensive use of Internet-based ...
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The transportation sector in Malaysia generates between 3% and 3.5% of the country's GDP and accounts for approximately 3.5% of all jobs on the domestic labour market. However, its role for the economic and social development of Malaysia is arguably ...
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Malaysia has one of Southeast Asia's most advanced pharmaceuticals and healthcare sectors. The Malaysian healthcare system comprises two well-developed segments: a taxpayer-funded and government-run system and a private sector. The public system, run ...
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