Dahua promotes 3 billion yuan of foreign investment into the Frugal New Economic Zone

UBC also announced that at the ASEAN Conference held on Thursday, it signed five memorandums of understanding with government agencies, ASEAN and leading industry companies in Greater China to enhance regional economic integration and promote foreign direct investment inflows. These strategic partners aim to unlock cross-border investment opportunities, promote cooperation in major areas, and pave the way for more foreign investment to enter the region.

In addition, Dahua Hong Kong and Hong Kong Trade Development Council should establish a cooperation framework to strengthen regional ties and promote sustainable growth.

Dahua Bank China and Zhongguancun International signed a memorandum, and Dahua China provides financial services to companies in Zhongguancun Industrial Park to assist them in their cross-border development.

"Despite global tensions, ASEAN is still an attractive destination for businesses. With the new opportunities brought by global supply chain restructuring, trade flows within ASEAN and between China and ASEAN are expected to continue to grow," said Huang Yizong, vice chairman and president of UOB. (Provided by UOB)

Finally, UOB worked with Japan's J-Will Corporation and local fund management company Hildrics Capital to jointly develop business opportunities and assist Japanese companies in entering the ASEAN market.

UoBank, the Malaysian Manufacturers Federation (FMM) and the Singapore Manufacturers Federation (SMF) are working together to promote regional business opportunities.

Huang Yizong, vice chairman and president of UOB, said: "Despite the global tension, ASEAN is still an attractive destination for enterprises. With the new opportunities brought by the global supply chain restructuring, trade flows within ASEAN and between China and ASEAN are expected to continue to grow."

Uobo Bank released this data on Thursday (July 3).

Since 2024, UOB has pledged to provide RM11.5 billion (about SGD3.5 billion) financing to support enterprises in Johor and actively promote RM10 billion (about SGD3 billion) of foreign direct investment into the Johor New Economic Zone.

Dahua and the EnterpriseSG will cooperate to encourage Singaporean companies and foreign companies to cooperate to expand into major regional areas such as manufacturing, green economy and digital economy.