There is a common misconception that Free Trade Agreements (FTAs) only benefit large, multinational companies. However, with more inclusive provisions incorporated to FTAs to support SMEs, businesses can leverage these agreements to be more competitive internationally. FTAs grant preferential access to specific sectors, seek to remove tariffs and address non-tariff measures. Find out more in this article by Eng Keat LEE, Executive Director, Group Foreign Direct Investment Advisory, UOB and Jason Lee, Director, International Policy & Engagement from the Singapore Business Federation: http://ms.spr.ly/6041kCjgX.
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Three in five businesses highlighted ASEAN as the top market which they want to expand to within the next three years, according to a UOB study which surveyed over 4,000 companies across ASEAN and Greater China. Within ASEAN, Malaysia is the most important country that businesses want to venture into, followed by Singapore, Thailand and Indonesia. Around four in five companies also said they are keen to use cross-border digital trade platforms for their overseas expansion. But what are the challenges they face when expanding regionally? Download the UOB Business Outlook Study 2024 for more insights: https://go.uob.com/3UGBlTN #OneBankForASEAN
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📣 Calling all artists – The 43rd UOB Painting of the Year regional art competition is now open to all established and aspiring artists. Be recognised for your artistic talent and win up to S$46,000 cash prizes along with an art residency opportunity! 🎨 Submit up to three artworks at https://go.uob.com/4dmBK58 by 31 July 2024. #UOBandArt
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The US Federal Reserve kept interest rates unchanged after yesterday’s Federal Open Market Committee meeting. Are rate cuts expected ahead? Find out more in our May PowerBar report: go.uob.com/insights
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What is Southeast Asia’s progress on sustainable financing and the challenges ahead? Lim Lay Wah, our Group Head of Global Financial Institutions Group and Sector Solutions Group, shares how innovative solutions and collaborative efforts can bridge this divide. #SustainableFinance #NetZero #ClimateAction
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We have been appointed as one of the mandated lead arrangers for one of the most sizable secured green term loan facilities to date in the Malaysia market for The Exchange TRX, a mixed-use development that is generating buzz in Malaysia’s new international financial district. This development is a joint venture between Lendlease and TRX City, and is Lendlease's largest integrated development in Asia to-date. “The Exchange TRX is a premium lifestyle destination in Kuala Lumpur to live and work and it will be certified LEED Gold and GBI accredited – the gold standards in measuring sustainable building design. We are committed to support our clients in their sustainability journey and be their trusted partner in ASEAN.” - Lim Lay Wah, Group Head of Sector Solutions Group and Global Financial Institutions Group, UOB. #OneBankForASEAN #SustainableFutureWithUOB
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Every day, more than 350,000 people use the Singapore-Malaysia land border crossing at Woodlands, making it one of the busiest border crossings in the world. As part of plans for a Johor-Singapore Special Economic Zone (SEZ) to boost economic integration, measures like passport-free clearance at both land checkpoints are being explored. While details about the SEZ will only be released later this year, find out what our economists Teck Kin SUAN, CFA 全德健 and Julia Goh expect to see from this SEZ: https://go.uob.com/44gtorB #UOBASEANInsights
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Find out how the disadvantaged communities are empowered to pursue their dreams at The Social Kitchen, a 2023 award winner of the UOB Sustainability Impact Awards. Are you an advocate of sustainability who has made a positive impact on the environment or society? Tell us your story or nominate someone at bt.sg/siawards today. Nominations for the 2024 Sustainability Impact Awards close on 15 May 2024.
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More than 80% of businesses in ASEAN and Greater China want to expand overseas; with interest most keenly felt in Indonesian and Vietnamese companies, and in manufacturing and engineering sectors. This is according to the UOB Business Outlook Study 2024 (SMEs & Large Enterprises), which surveyed more than 4,000 businesses across ASEAN and Greater China. Where are they looking to expand to? Download the full report to find out: https://go.uob.com/4aMvRfD. #UOBAseanInsights #OneBankForASEAN
8 in 10 firms in S-E Asia, Greater China positive about business environment: UOB survey
businesstimes.com.sg
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Build strong digital identities? ✅ Spot phishing scams online? ✅ Protect oneself against cyberbullying? ✅ Together with Cyberlite – one of our UOB My Digital Space digital educational partners – we run digital wellness courses for children from an early age to equip them with the knowledge on how to stay safe while navigating the digital world. This is one of many digital skills workshops that we have introduced under UOB My Digital Space, in support of IMDA’s #DigitalForLifeSG movement to prepare the next generation of Singaporeans with digital skills. Visit https://go.uob.com/44alSP0 to learn more about our flagship regional education programme and stay tuned for more digital skills workshops to come! #UOBMyDigitalSpace #DigitalForLifeSG
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As businesses continue to tackle high inflation amidst geopolitical uncertainty, ASEAN and Greater China companies are searching for ways to improve productivity and cut costs. Get more insights from the UOB Business Outlook Study 2024 (Regional). Download the full report now: https://go.uob.com/4aGYoTY #UOBAseanInsights #OneBankForASEAN
