During his meeting with the Filipino community in Singapore on Tuesday, President Ferdinand “Bongbong” Marcos Jr. said he plans to expand further the list of Singaporean investments in the country to help create more jobs.
“Singapore was already our highest investor in 2021, and we have Singaporean companies with big ticket projects in areas of telcos (telecommunication), infras (infrastructure), start up and innovation, renewable energy and healthcare,” Marcos said.
During his State Visit in Singapore, Marcos said he intends to “fully maximize” the country’s trade and economic cooperation with the Singaporean government.
“That’s why our economic team will be meeting with possible investors, who can put up businesses in the Philippines,” Marcos said.
“We will proactively attract investments in our country in order to accelerate post pandemic growth and create more jobs in the Philippines,” he added.
Marcos thanked the around 200,000 Filipinos, who are currently in Singapore for their continued sacrifice in working abroad so they could send remittances to their loved ones, which help boost the local economy.
“A big part of the economy continues to be active due to the sacrifice of our OFWs (overseas Filipino workers),” Marcos said.
He said the government will compensate for their contribution to nation building by providing them with the necessary government programs and services through the Department of Migrant Workers (DMW).