Dec 31 (Reuters) - United Overseas Bank Ltd UOBH.SI :
* United Overseas Bank Philippines will cease its banking business in the Philippines and remain as a non-bank subsidiary of UOB
* Says awarded a new commercial banking licence by the Bangko Sentral ng Pilipinas
* The Manila branch which will commence operations on 4 January 2016, will assume and undertake the banking activities of a commercial bank
* Source text for Eikon ID:nSNZ9fRRJV