Find out more about how we can work with you to support Asia’s social and economic development through infrastructure, visit the links below to view the media’s coverage on the inaugural Asia Infrastructure Forum.

The Straits Times Online

The Straits Times Online

The Straits Times Online

The Business Times Online

Zaobao Online

The Edge Online

Business Mirror Online

3 October 2019

 

Republic can offer infrastructure expertise to region

 Singapore is well-positioned to contribute expertise to infrastructure in region. In Oct 2018, Infrastructure Asia (IA), which was jointly set up by Enterprise Singapore and the Monetary Authority of Singapore, has met more than 300 international developers, financial institutions and multilateral development banks to broker deals and share best practices in the region. Infrastructure Asia executive director Seth Tan sees regional opportunities for new and upgraded infrastructure as well as asset recycling, given that an estimated 90 million people in Southeast Asia will be moving into urban centres over the next 10 years. Minister in the Prime Minister’s Office Indranee Rajah, who was speaking at the two-day Asia Infrastructure Forum at Marina Bay Sands said that Singapore aims to standardise 50 per cent of the terms in project finance documents in the coming year. Addressing around 800 business leaders and officials on the theme of “Partnerships for the Future: Reimagining Infrastructure”, Ms Indranee stressed that even as Asia pursues growth, the infrastructure it builds should not contribute to climate change. Infrastructure Asia will also work with the ADB to develop an innovative finance lab for sustainable infrastructure, to improve credit access to projects by regional municipal governments and state-owned enterprises.

Bloomberg Online

The Business Times Online

Xinhua Online

3 October 2019

Singapore to Lead Effort to Standardise Project Financing Terms

Singapore’s Second Minister for Finance and Education Indranee Rajah, in an interview with Bloomberg Markets: Asia, discussed standardising project finance terms and what it means for infrastructure investment in Asia. Singapore aims to standardise 50 per cent of the terms in project finance documents in 2020. She shared that Infrastructure Asia (IA) has broad targets and goals to ensure that it reaches more countries in the region. Ms Indranee cited the works of IA including the partnership with the New Yangon Development Company for the development of a new township in Yangon. Recently IA also brought together the ‘Silk Road Fund-Surbana Jurong China-Singapore Co-Investment Platform’, where it introduced Silk Road Fund to Surbana Jurong to generate infrastructure in the region. Ms Indranee also said that there is a huge need for infrastructure in the region and the main challenge is bankability. She added that green finance is an important tool for financing sustainable infrastructure. 

The Edge Online

25 October 2019

Singapore to share its expertise in infrastructure development

Singapore has become a prime example of how infrastructure can help generate economic growth. The country’s port and airport contribute 13 per cent of the country's GDP, and when the World Economic Forum ranked Singapore as the most competitive economy, its infrastructure score was the highest among the 12 categories weighed. Now, Singapore stands ready to help countries in infrastructure development. To this end, Enterprise Singapore and the Monetary Authority of Singapore set up Infrastructure Asia, headed by Seth Tan, which aims to help Singapore's neighbours grow by building sound infrastructure so that local companies have a bigger and more prosperous regional customer base to market to. Undeniably, infrastructure projects would be an important growth engine for countries in Asia. And if Singapore could play a leading role as an infrastructure financing and facilitating hub, the region should be a more prosperous — and safer — place for all.