1.8 trillion reasons Singapore matters to northern Australia

High Commissioner Philip Green interviewed by the ABC's Alyssa Betts

Friday 4 July

From abc.net.au

With both the Federal and Northern Territory Governments hoping northern Australia will be developed as a bigger gateway to Asia, the search is on for finance partners. Along with China, Singapore is being courted as a source of investment in all kinds of projects.

In an interview with the ABC's Alyssa Betts, Australian High Commissioner to Singapore Philip Green explains why there are one-point-eight trillion reasons the Asian country matters to Northern Australia.

"Singapore has emerged as a major global wealth centre. It's now the second-largest centre in the world for private wealth management. $1.8 trillion of funds under management," Mr Green said.

"That fund is looking for opportunities that have yield and not too much risk. Northern Australia presents a great opportunitiy for investment for capital growth

"I think there's enough in the development of northern Australia, and the complimentary skills of Singapore and northern Australia, that we can find good deals that meet both parties' interests."

Here is the link to the story and video on the ABC website: http://www.abc.net.au/news/2014-07-04/18-trillion-reasons-singapore-matters-to-northern/5573700?section=australianetworknews.