In terms of premiums, the country’s insurance sector has been growing consistently since 2009. However, by some measures, profitability has been falling. According to Panama’s insurance trade association, Asociación Panameña de Aseguradores (APADEA), technical profits (i.e., the earnings from underwriting of risks) totalled $13.5m in 2013, while in the first nine months...
Most companies in Panama’s insurance sector, which is open to regional and global multinational firms, are composite insurers (i.e., active in both life, health and general insurance). Collectively, they provide a wide variety of products. Total written premiums have been growing at high single-digit rates, while insurance penetration (i.e., premiums as a percentage of...
With new export bans, investment reforms and a push for value addition driving a flood of new projects in the country, Indonesia’s manufacturing sector is slated for significant expansion in the medium term. Automotive manufacturing in particular is set to benefit, with the government’s low-cost green car (LCGC) programme witnessing strong growth when it was rolled out in 2013...
Representing the world’s fifth-largest tobacco market, Indonesia’s tobacco industry has soared in recent years, with manufacturers vying for market supremacy in a country with an estimated 85m smokers. The market has long been attractive to major international players such as Philip Morris International (PMI) and British American Tobacco (BAT), which both witnessed sharp...
Bolstered by rising domestic consumption and comparatively low labour costs, Indonesia’s textile industry has reported years of steady expansion, with the value of exports estimated at more than $13bn in 2014. However, wage hikes and low productivity have cut into profits, while rising power costs in 2014 have had an adverse effect on the sector’s growth forecast for 2015....
With its target of becoming a highly developed nation by 2025, Indonesia is aiming to bolster industrialisation and value addition, as well as expand its labourintensive manufacturing industry as it implements the Master Plan for the Acceleration and Expansion of Indonesia’s Economic Development (MP3EI.) An ongoing focus on industrial development has seen the government –...
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