Access to improved communications technology and greater awareness of banking services is helping to boost financial inclusion in Papua New Guinea while providing opportunities to service providers looking to tap into a broader market.
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Economic update | Papua New Guinea banks on inclusion
11 Aug 2016
The burgeoning purchasing power of Indonesia’s middle classes and the increasing role of alternative lenders such as multi-finance institutions are generating growth in the archipelago’s consumer finance market.
Interviews & Viewpoints | Osman Jair, Managing Director, Insurans Islam TAIB; and Chairman, Brunei Insurance and Takaful Association (BITA): Interview from The Report: Brunei Darussalam 2016
How have standardisation efforts affected the industry, including for takaful (Islamic insurance)?
Articles & Analysis | Regional efforts to standardise and liberalise the insurance market impact Brunei Darussalam from The Report: Brunei Darussalam 2016
The year 2016 marks the first year of operation for the ASEAN Economic Community (AEC), while it is also an important milestone in the creation of another, even larger international trading group, the Trans-Pacific Partnership (TPP). The Sultanate has been a key supporter of both groupings, as well as a long-time member of another regional...
Articles & Analysis | Low insurance penetration in Brunei Darussalam offers room for growth as takaful expands from The Report: Brunei Darussalam 2016
Consisting of both Islamic and conventional insurers and insurance products, the Sultanate’s insurance sector has held steady in recent times, despite strong external pressures on Brunei Darussalam’s economy. Non-life remains a dynamic segment, with Islamic takaful products making up the bulk of these general insurance premiums. This...
Articles & Analysis | Islamic bonds expand Brunei Darussalam's financial base from The Report: Brunei Darussalam 2016
Brunei Darussalam made headlines in April 2016 with the announcement of several sukuk (Islamic bond) offerings ahead of the launch of a standalone stock exchange in the Sultanate. Efforts to expand the scope of the financial sector are aimed at ensuring a greater diversity of public and private sector financing, specifically in support of...