UOB expands China presence; DBS opens new Yangon office

Singapore

SINGAPORE banks are stepping up their business presence in the region as growth moderates at home. Opening its 11th office in China yesterday, United Overseas Bank (UOB) said increased trade between China and South-east Asia would be one of the key engines of growth in the bank's five-year plan.

Eric Lian, UOB (China) chief executive, said at the opening of the bank's latest sub-branch in Shanghai that two-way trade flows between South-east Asia and…