Singapore and Asia could huddle closer with IE-UOB pact

Singapore

AMID the slow hum of economic growth, the urgent call for Singapore companies to go regional got another boost on Thursday as IE Singapore and UOB inked a partnership to open up business networks within Asia.

With intra-Asean trade alone expected to grow to US$1 trillion in 2020, some 200 Singapore companies could tap on this new agreement in their expansion into Asean, China, and Japan, over the next three years, said both partners. This is also IE Singapore's first strategic partnership with a local lender.