Business

Philippines’ Marcos Jr visits Indonesia, Singapore for trade talks

Ferdinand Romualdez Marcos seeks to collaborate with neighbours on several sectors for investment

Updated 4 years ago · Published on 04 Sep 2022 3:45PM

Philippines’ Marcos Jr visits Indonesia, Singapore for trade talks
Philippine President Ferdinand Romualdez Marcos is on a three-day visit in Indonesia before leaving to Singapore for trade and investment talks with the leaders of both countries. – AFP pic, September 4, 2022

MANILA – Philippine President Ferdinand Romualdez Marcos left for Indonesia today, his first overseas trip since he assumed office on June 30, reported Xinhua.

After a three-day state visit to Indonesia, Marcos will also visit Singapore from September 6 to 7.

“My state visits to our Asean neighbours will seek to harness the potentials of our vibrant trade and investment relations,” Marcos said shortly before departing for Jakarta.

“Business forums and meetings have been organised to proactively create and attract more investments and buyers for our exports to accelerate the post-pandemic growth of our economy,” he added.

In Jakarta, Marcos said he will discuss with Indonesian President Joko Widodo “the current state and the future as we see it of the bilateral relationship between the Philippines and Indonesia, and the changing global geopolitical environment.”

Marcos said that Indonesia has been the Philippines’ ally and one of the its closest bilateral partners for decades.

He and Widodo will witness the signing of several agreements covering important areas of cooperation, like agriculture and energy, Marcos said.

After his stay in Indonesia, Marcos will proceed to Singapore for a state visit.

Marcos said he will have separate meetings with Singaporean President Halimah Yacob and Prime Minister Lee Hsien Loong “to renew our commitment to deepen bilateral relations, explore options for advancing economic ties as well as discuss regional and global issues.”

Marcos said he and Lee will also witness the signing of several agreements in the areas of counter-terrorism and data privacy.

Singapore has become the Philippines’ top trading partner in Asean and the top source of approved investments in 2021. 

“Our economic cooperation with Singapore has grown by leaps and bounds for the past half-century, and more opportunities are just waiting to be tapped by both sides,” Marcos added.

Marcos said he expects a harvest of business deals to be signed during his state visits to Indonesia and Singapore. – Bernama, September 4, 2022

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