DBS and the Australian Commerce and Funding Fee (Austrade) have signed a MOU to spice up commerce and funding between Australia and Southeast Asia.
Introduced alongside the tenth anniversary of DBS’ Sydney department, the settlement is the primary between Austrade and a Singapore-based financial institution.
It helps Australia’s Southeast Asia Financial Technique to 2040 and goals to assist Australian corporations broaden into key markets together with Singapore, Indonesia, Malaysia and Vietnam.
Underneath the MOU, DBS and Austrade will supply market insights, regulatory steerage, and join Australian corporations with regional companions and business leaders to unlock industrial alternatives.
DBS may present advisory assist on market entry methods, monetary planning, and danger administration the place acceptable.
An investor roundtable is scheduled to be held in Sydney within the third quarter of 2025.
DBS established its Australian operations in 2015 to attach shoppers throughout Asia and Australia.
Through the years, the financial institution has supported inbound funding in actual property, renewables and digital infrastructure, whereas additionally serving to Australian companies broaden throughout the area.
In feedback reported by The Straits Instances, Tan Su Shan stated DBS’ Australian lending ebook is at the moment valued at round A$11 billion and will doubtlessly double to A$20 billion over the following 5 years.
Dr Paul Grimes, Chief Govt Officer, Austrade stated,
“Southeast Asia’s increasing center class, fast urbanisation and rising demand for digital and sustainable growth are reshaping the area’s financial panorama. Provide chains are being remapped and commerce routes re-written.
These tendencies current compelling alternatives for Australian companies. By means of this collaboration, Austrade and DBS will mix experience to offer well timed, sensible assist to assist them seize this monumental potential.”
Tan Su Shan, Chief Govt Officer, DBS stated,
“Trying forward, the financial institution will proceed to dial up assist for patrons in key progress sectors akin to expertise, renewables, vitality and infrastructure. We may even proceed to assist the expansion of economic establishments together with superannuation funds.
The MOU with Austrade reaffirms our perception within the potential of Australia-Southeast Asia connectivity and permits us to ship on our shared ambition to drive significant affect throughout the area.”
