UOB and SBF to help Singapore companies seize cross-border business opportunities

UOB has partnered with the Singapore Business Federation to help more Singapore companies seize cross-border business opportunities in ASEAN.

This comes after the two sides signed a Strategic Partnership Agreement, with SBF to be the chosen financial partner of the GlobalConnect@SBF Strategic Partnerships initiative.

In a Feb 19 release, UOB said the collaboration “combines the strengths of UOB and SBF in connecting Singapore businesses, including more than 27,000 SBF members, to opportunities opening up across ASEAN, especially in Indonesia, Thailand and Vietnam.”

It added that the region presents a compelling proposition for businesses looking to grow, with the bloc projected to be the world’s fourth-largest economy by 2050. Trade agreements, such as the Regional Comprehensive Economic Partnership, are also expected to boost the region’s growth.