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EXPLAINED: Trade submarines feature at asean talks in australia | Rare Historical Photos

ASEAN Australia Anthony Albanese SouthEast Asia Lee Hsien Loong

Australia's Prime Minister Anthony Albanese speaking at a CEO lunch at the ASEAN-Australia special summit in Melbourne (Credit: AFP)

Australia unveiled plans to ramp up investment in Southeast Asia on Tuesday, setting aside US$1.3 billion to bolster trade in a region of rising economic might.

Prime Minister Anthony Albanese announced the funding as leaders from the 10-nation ASEAN forum met in Melbourne for a three-day summit.

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