President Ferdinand Marcos Jr. said on Thursday that he sees a bright future for the Philippines-Singapore relationship, citing strong bilateral ties and people-to-people exchange as the bedrock of their partnership.
During a roundtable meeting with Singaporean businessmen, Marcos said that the relationship between the two countries would not change anytime soon.
Earlier this week, Marcos highlighted the Philippines’ strategic position in Asia, tax perks, and English-speaking workforce as he courted investors in Singapore.
Singapore was the Philippines’ largest source of foreign investment in 2021, with a net investment of $761 million. In 2022, Philippine exports to Singapore reached $4.91 billion, up by 16.98 percent from the previous year.
Marcos has been in Singapore since Wednesday for the Milken Institute’s Asia Summit and to attend the finals of the Formula One Singapore Grand Prix 2023, at the invitation of Singaporean Prime Minister Lee Hsien Loong. He will return to the Philippines on Sunday.
Source: PhilNews24 | September 14, 2023
