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'Boring is not bad': CEO of Southeast Asia's largest bank pitches Singapore as a haven amid global turmoil

Tuesday 13 October02:26 · 2h agoAI summary
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DBS chief executive Tan Su Shan said Singapore's predictability and stability make it a useful base for investors facing global uncertainty. She said the bank can help customers shift supply chains and markets more quickly.

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01Summary

  1. 01Tan Su Shan made the remarks at the DBS Asia Future Forward conference in Singapore.
  2. 02She described Singapore as “open”, “predictable” and “almost kind of boring” amid global volatility.
  3. 03DBS is Southeast Asia’s biggest bank by assets and has one of the safest credit ratings in the world, Tan said.
  4. 04Temasek, which managed S$518 billion ($404 billion) in assets as of 31 March, is DBS’s biggest shareholder.
  5. 05Tan said DBS can help customers diversify upstream supply chains and pivot from one market to another quickly.

02Why it matters

The comments underline Singapore's role as a financial safe haven at a time of trade tensions, war and supply-chain disruption. They also show how DBS is positioning itself to benefit from companies seeking stability and flexibility.

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Answers are generated by AI from the story summary; they are not investment, health or legal advice.

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