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
- 01Tan Su Shan made the remarks at the DBS Asia Future Forward conference in Singapore.
- 02She described Singapore as “open”, “predictable” and “almost kind of boring” amid global volatility.
- 03DBS is Southeast Asia’s biggest bank by assets and has one of the safest credit ratings in the world, Tan said.
- 04Temasek, which managed S$518 billion ($404 billion) in assets as of 31 March, is DBS’s biggest shareholder.
- 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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