Singapore ties up with SMBC to lure Japanese investments

Sumitomo Mitsui Banking Corp. has agreed with the government of Singapore to jointly support Japanese companies planning to do business in the city state.

The alliance between SMBC and the Singapore Economic Development Board is aimed at luring Japanese companies, mainly manufacturers of precision instruments and other value-added products, to Singapore. It intends to provide information on business and investment opportunities, related seminars and other assistance.

SMBC expects to expand its business base in Asia through the alliance, which will remain in force through March 2014.

The full story is available at Trade Signal Online.

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