OCBC, UOB poised to gain most from JS-SEZ; DBS could seek to expand Malaysia footprint: analysts
The zone will enable the banks with networks that are entrenched in the two markets to gain from stronger investment flows
AMONG the trio of local banks, OCBC and UOB stand to gain the most from the Johor-Singapore Special Economic Zone (JS-SEZ) as facilitators of investment and trade, given their sizeable operations in both markets, analysts said.
The landmark JS-SEZ, signed in January this year, is expected to create 100 projects, and 20,000 jobs and investments across 11 sectors.
The zone will likely strengthen cross-border cooperation, enabling the banks with networks that are entrenched in the two markets to gain from stronger investment and business flows.
