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

World / 4d

Former Singapore president now thinks twice about patting children after Roxy Square incident

Malaysia / 4d

S'pore driver involved in altercation with Malaysian policeman near Woodlands Checkpoint

World / 1w

Powerful earthquake strikes off coast of Indonesia; tsunami warning issued

Events / 2w

Former Indonesian president in Penang next month for inaugural Peace Dialogue

Malaysia / 3w

Play chess, not checkers: Why Negeri Sembilan matters

Malaysia / 1mth

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

Spotlight

Trump’s North Korea gamble deepens Asia’s doubts over US alliances

Malaysia

Rayer denies involvement in 'Maha Kali Red Rally', claims name and photo misused

Malaysia

E-Hailing driver charged with attempted murder after allegedly setting worker on fire

Business

Nation’s economic outlook strengthens as leading index signals continued growth

Malaysia

‘No parent wants her child to be remembered this way,’ says mother of 14-year-old Keziah

Malaysia

RM1.96m Penang land probe: Two ‘Datuks’ remain in custody

Business

K8 cargo: Businessman seeks clarification from MOF, Customs, Petronas

Malaysia

PH leaders hold talks as Melaka election plans take shape

Malaysia

Bersama rejects political alliances, vows to go solo in Melaka state election

You may be interested

Business

K8 cargo: Businessman seeks clarification from MOF, Customs, Petronas

Business

Oil prices pull back after rally as markets brace for tougher Iran sanctions

Business

Nation’s economic outlook strengthens as leading index signals continued growth

Business

Govt rules out RM7.5b Datasonic takeover amid identity security concerns

Business

Matrix Concepts records RM416.7m in 1Q27 sales as geographic diversification gains traction