Australia to create $1.3b fund to invest in Southeast Asian projects

Australia to create $1.3b fund to invest in Southeast Asian projects

Sydney Harbour, New South Wales, Australia. Photo by Jamie Davies on Unsplash

Australia said on Tuesday it would set up a A$2 billion ($1.3 billion) finance facility to boost trade and investment in Southeast Asia as it looks to deepen ties in a region where many are also searching for ways to live with a more assertive China.