United Overseas Bank Limited

Blackstone is finalizing a group of banks to underwrite a A$4.3 billion construction loan for AirTrunk's new SYD3 hyperscale data center in Australia. The five-year financing is expected to include Credit Agricole, DBS Group Holdings, Deutsche Bank, HSBC Holdings, ING Bank, Mitsubishi UFJ Financial Group, Morgan Stanley and United Overseas Bank, with additional lenders possibly joining. The loan is part of a broader surge in AI infrastructure borrowing, with at least $334.5 billion of bonds and loans issued so far this year compared with $185.5 billion during all of 2025, according to Bloomberg data. AirTrunk is also completing an approximately $2.3 billion loan for a data center project in Johor, Malaysia, while Australian-listed NextDC has increased its senior debt facilities to A$2.3 billion from A$1.8 billion.

UOB has partnered with Visa to relaunch several card products across five key ASEAN markets under Visa's newly introduced premium card tiers, Visa Infinite Privilege and Visa Infinite Private. More than 300,000 UOB Visa Infinite cardholders across Singapore, Malaysia, Thailand, Indonesia and Vietnam will be upgraded to higher card tiers, gaining access to an expanded suite of premium benefits. Eligible cardholders will be notified from September onwards with no action required, while all other cardholders continue to enjoy their existing privileges. UOB is currently Visa's largest card issuer in ASEAN by total billings, and this marks the first multi-market launch of such scale by a Visa issuer in the region. The move comes as affluent spending in ASEAN grows strongly, with new UOB affluent cardholders rising over 10 per cent year-on-year in 2025 and card billings for the segment surging more than 25 per cent.

UOB Thailand has announced a partnership with the Tourism Authority of Thailand for the UOB x TAT Travel Thailand Together campaign, aimed at stimulating domestic travel and increasing money circulation in the economy. UOB credit cardholders can use their UOB Rewards points to redeem 15% cashback when paying directly for accommodation at hotels in Thailand, and receive a special UOB x Snoopy premium collection when meeting spending requirements. The campaign is open for registration via the UOB TMRW app or SMS from today until 30 September 2026. This collaboration aligns with UOB credit card customer spending data for the first half of 2026, which shows that domestic travel and hotels remain among the top five spending categories.