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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.
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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Indonesia is the largest market for both two-wheel and four-wheel vehicles within the ASEAN region, and it is the region's second-largest motor vehicle manufacturer. The automotive industry plays a crucial role in driving Indonesia's economic ...
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A decade after Indonesia's government launched its comprehensive public health insurance programme, the Jaminan Kesehatan Nasional (JKN), the scheme has reached 90% of the population by end-2022. The progressive rollout of this programme has allowed ...
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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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Indonesia's financial sector contributed 3.3% to the country's gross domestic product (GDP) in 2022, according to figures provided by the National Statistics Office. When compared to its Southeast Asian counterparts, the sector is underpenetrated, as ...
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Agriculture is one of the backbones of Indonesia's economy, contributing approximately 13% to the country's gross domestic product (GDP). The sector provides income for 38.7mn people, or the equivalent of 29% of the total workforce in 2022. ...
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The electric power sector is an important driver of economic development and employment growth for energy-hungry Indonesia. The sector employed some 320,000 people as of 2022. The country's power generation mix is dominated by coal, which accounts ...
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Indonesia is relying on its oil and gas sector to fuel its energy-hungry economy. However, depleting hydrocarbons fields and a lack of significant new discoveries of reserves have seen Indonesia's oil and gas production decline in recent years. As a ...
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With over 660mn people, and a combined economy that represents the fifth largest in the world, the 10 countries forming the Association of Southeast Asian Nations (ASEAN) region have been relying on fossil fuels to power their fast growth. The ASEAN ...
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