DBS CEO Pitches Singapore as $404 Billion Stability Hub Amid Global Turmoil
Updated
Updated · CNBC · Oct 13
DBS CEO Pitches Singapore as $404 Billion Stability Hub Amid Global Turmoil
3 articles · Updated · CNBC · Oct 13
Summary
Tan Su Shan told investors at a DBS conference that Singapore’s openness, predictability and political stability make it a useful base for navigating trade wars, regional conflict and supply-chain disruption.
DBS tied that pitch to its own balance-sheet strength, with Tan saying the bank carries one of the world’s safest credit ratings and can help clients shift supply chains and markets quickly.
Temasek — DBS’s biggest shareholder — managed S$518 billion, or about $404 billion, as of March 31, reinforcing the city-state’s image of fiscal stability.
Tan also framed adaptability as a workforce issue, saying managers should hire for attitude as AI reshapes skill needs and businesses face faster change.