Business

Philippines’ Marcos Jr visits Indonesia, Singapore for trade talks

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

Updated 3 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

Related News

Events / 1w

Former Indonesian president in Penang next month for inaugural Peace Dialogue

Malaysia / 1w

Play chess, not checkers: Why Negeri Sembilan matters

Malaysia / 3w

Singapore: Chief Justice Sundaresh Menon to retire in Feb 2027, succeeded by Justice Sushil Nair

Malaysia / 3w

Network School postpones new investments in Malaysia, seeks government guarantee

Malaysia / 1mth

State policies have not benefitted Johoreans, forcing many to seek employment in Singapore, says Guan Eng

World / 2mth

Rat spotted scurrying around on Singapore East-West Line MRT train (video)

Spotlight

Malaysia

Najib raises objections to 80% of ex-1MDB CEO’s witness statement over hearsay

Malaysia

Tun Dr Mahathir, Siti Hasmah create ASEAN record

By Alfian Z.M. Tahir

Malaysia

Nanta Linggi to leave Parliament after five terms, may contest new Sarawak state seat

World

Typhoon Dolphin’s remnants swamp Beijing as China braces for more extreme rainfall

Malaysia

Anwar expected to leave hospital today after successful treatment

Malaysia

Husband and wife face death penalty for drug trafficking

Malaysia

Former Subang MP, Wong Chen joins Bersama

Malaysia

Malaysian dies while transiting in Bangkok to Japan (video)

You may be interested

Business

SC wins court leave to pursue contempt proceedings against ex-APL director

Business

Oil holds above US$82 as Trump demands cloud Strait of Hormuz reopening

Business

Port businesses badly hit by uncertainty over commingled oil tax – maritime expert

Business

Jobless numbers rise despite unemployment rate holding at 3% - DOSM

Business

Govt tightens import controls to protect consumers and ensure fair competition

Business

Nation’s wholesale and retail trade surges 10.1% to RM168.5 billion

Business

Fatal Red Sea attacks spark fresh oil price spike despite diplomatic talks