Singapore Bank Sees Southeast Asia as a ‘Haven’ From the Trade War

Bank differs from rivals that are focusing on Hong Kong: CEO
Sees a shift toward Southeast Asia amid trade tensions

Wee Ee Cheong on May 27.Photographer: Ore Huiying/Bloomberg

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By Chanyaporn Chanjaroen, Joyce Koh, and Revathi Valluvar

May 29, 2019 at 8:00 PM UTC

Updated on

May 29, 2019 at 11:53 PM UTC

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United Overseas Bank Ltd. is betting Southeast Asia will shield it from the escalating trade war between the U.S. and China, distancing itself from the approach of its two main rivals that have expanded their focus to Hong Kong and the mainland.