Foreign
PHILIPPINE President Ferdinand Marcos has said his visit to Indonesia and Singapore were “fruitful and engaging,” resulting in “signed and sealed” investment commitments amounting to over 14 billion U.S. dollars.
“The pledges will support our county’s economic recovery efforts to create more jobs for Filipinos here in the country,” Marcos said.
He said during his visit to the two Southeast Asian countries, he signed 22 letters of intent and memorandums of understanding on renewable energy, data centres and e-commerce.
Also in areas like broadband technology, start-ups, government housing and agriculture with Indonesian and Singaporean investors.
Marcos met with Indonesian President Joko Widodo in Indonesia during his three-day visit that kicked off on Sept. 4 to discuss bilateral ties.
“Our conversation covered all facets of our relations, particularly on defence, security, maritime cooperation, trade and investment, and people-to-people ties,” he said.
Marcos said they also talked about importing fertilizer into the Philippines and increasing coal imports for energy supply.
In Singapore, Marcos met with Singaporean President Halimah Yacob and Prime Minister Lee Hsien Loong.
Marcos and Lee signed agreements on counterterrorism, personal data protection, digital cooperation, water resource management and investment.
Singapore is Philippines’ top trading partner in Southeast Asia and sixth worldwide, and its leading source of investments in 2021.
Marcos’ visits to Indonesia and Singapore were his first overseas trips since assuming the presidency in June. (Xinhua/NAN)
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Tags: Ferdinand Marcos HALIMAH Yacob Joko Widodo Lee Hsien Loong
