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
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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.
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