Resona Bank has entered into a business alliance with Philippine conglomerate SM Prime Holdings to support Japanese companies expanding overseas. It will introduce facilities operated by SM Prime to companies considering overseas expansion.
On the 29th, Resona Bank entered into a business alliance with SM Prime Holdings, a major Philippine conglomerate under the SM Group. The alliance will support Japanese companies expanding overseas by proposing the use of facilities operated by SM Prime to companies considering expansion.
SM Prime is one of the SM Group's core companies and operates approximately 90 large-scale commercial facilities nationwide, including SM Mall of Asia in Metro Manila. Through the alliance, the companies are expected to provide information to help create business opportunities for Japanese companies, including establishing local bases and expanding sales channels.
As the article is limited to members, details of any follow-up remain unknown at this time. The alliance is attracting attention as a move to support Japanese companies' expansion into Asian markets.