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Asean remains attractive amid global trade, supply chain disruptions: UOB CEO Wee Ee Cheong

He notes that the region has weathered many crises before, and there are opportunities for it to emerge stronger

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Tan Nai Lun

Tan Nai Lun

Published Mon, Apr 21, 2025 · 07:34 PM
    • UOB's Wee Ee Cheong says: “In a multipolar world order, businesses and countries will face greater urgency to diversify the markets, integrate more closely regionally and innovate to create more value."
    • UOB's Wee Ee Cheong says: “In a multipolar world order, businesses and countries will face greater urgency to diversify the markets, integrate more closely regionally and innovate to create more value." PHOTO: UOB

    [SINGAPORE] The Asean region remains an attractive market in which to do business, even amid uncertainties due to geopolitical risks and the impact of the US tariffs, said UOB chief executive Wee Ee Cheong.

    Wee, who is also UOB’s deputy chairman, expects disruption and slower demand in the immediate future as a result of divides in global trade and supply chains.

    But he noted that Asean – as well as UOB, which turns 90 this year – has weathered many crises before, and there are further opportunities for both to emerge stronger.

    UOBAGM/EGMAseanTariffsTrump tariffsSupply chains

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