Singapore President Dr. Tony Tan Keng Yam – on Thursday, December 15, at the Banquet Hall of Istana, the official residence and office of the President of Singapore – said Philippines and Singapore enjoy a robust friendship “anchored in a shared vision of peace, harmony, and prosperity for our countries and the region.”
He said that Singapore companies are keen to invest in the Philippines. It is the fourth largest trading partner of the Philippines with total trade amounting to 4.373 billion US dollars in the first half of 2016.
According to Dr. Tan, SIA Engineering and Singtel are Singaporean companies that can contribute to the development of quality infrastructure, urban planning, and information and communications technology services in the Philippines.
He also noted that IE (International Enterprise) Singapore assisted a number of Singaporean companies in the renewable energy and consumerism sectors secure their first projects in the Philippines.
“In line with the current administration’s priorities for inclusive economic development, IE Singapore is also encouraging Singaporean companies to venture beyond Metro Manila, into cities such as Davao and Cebu,” he said.
According to Dr. Tan, IE Singapore is devoting more resources to step up its presence in the Philippines next year “to better serve the growing interest of Singapore companies in the Philippine market.”