MEDIA RELEASE

DEPARTMENT OF FOREIGN AFFAIRS AND TRADE
AUSTRALIA

D58

12 June 1998

SINGAPORE AUSTRALIAN BUSINESS FORUM (SABAF)

About 70 senior Australian and Singaporean Ministers and business people will meet in Melbourne on 15 June to discuss regional developments and opportunities for Australian and Singaporean business to work together. The major focus of the seminar will be cooperation in the development of regional infrastructure and logistics.

Keynote speakers will be Australian Minister for Trade, Mr Tim Fischer and Singaporean Minister for Trade and Industry, Mr Lee Yock Suan.

Minister for Sport and Tourism, Mr Andrew Thomson and Victorian Minister for State Development, Mr Mark Birrell, will also participate in elements of the program.

The Seminar is being organised by the Singapore Australia Business Alliance Forum (SABAF) with the support of the Department of Foreign Affairs and Trade. It has attracted about 30 Singaporean delegates and about 40 from Australia.

SABAF was established in 1995, as a joint initiative of the Singapore and Australian Prime Ministers, to play a strategic role in developing commercial relations and identifying business opportunities between Australia and Singapore. The members of SABAF are senior business people. The Co-Chairmen are Mr Malcolm Kinnaird AO, Chairman of Kinhill Pty Ltd, and Mr Peter Seah, Managing Director, Overseas Union Bank.

The keynote address, "Singapore and Australia: Collaboration in the Region", will be delivered by Mr Lee. Mr Fisher will speak over lunch on the topic, "Building Strategic Partnerships: Future Directions for Singapore and Australian Business".

The Seminar is to be held at the Hotel Sofitel, 55 Collins Street Melbourne, commencing at 9.30am and concluding at 2.30pm. Media are invited to attend the Opening Plenary Session and the Luncheon Address by Mr Fischer.

Media Inquiries: Tony Melville/Kirk Coningham (02) 6261 1555