"Despite fading foreign direct investment in China amid the Sino-US trade war, Bangkok Bank (BBL) says its international banking business is thriving from a shift towards Asean. The bank's international banking business, covering nine of the 10 Asean nations, shows positive signs, mainly due to higher investment in Asean from regional business operators and foreigners, said a source familiar with the issue. Large Thai and regional investors have shifted investment away from China and towards Asean, driven by trade tensions, and the fast-growing economies of the bloc are providing greater business opportunities, the source said. The mainland's intense competition in all areas, including funding, market, technology and people, is compelling Thai business operators to shun China and shift to regional markets..."