MANILA, (PIA) — President Ferdinand R. Marcos, Jr.’s attendance at the 10th Asian Summit in Singapore will be another opportunity to attract investors who can contribute to the further growth of the Philippines.
This, according to House Speaker Martin Romualdez, who emphasized the importance of the President’s participation in the high-level meeting that would greatly contribute to the future of the country.
Romualdez said the presence of the President Marcos in such a meeting shows his commitment to market the Philippines as a leading investment destination, especially in the renewable energy sector.
“Through his [President Marcos’] determined efforts, Singaporean businesses are being urged to view our nation as a primary investment destination, particularly in the renewable energy sector,” he said.
“The anticipated influx of investments in this field can potentially lead to greener energy solutions and more affordable electricity rates for Filipinos,” he added.
The House Speaker further pointed out that the event will not only help strengthen the relationship between the Philippines and Singapore, but is also an opportunity to attract those who can help grow the country’s economy and create more jobs for Filipinos.
During PBBM’s trip, he encouraged Singaporean investors to invest in the Philippines because of the country’s growing economy; the newly established Maharlika Investment Fund; and the regulatory reforms implemented to open public service, retail, and renewable energy to investors.
This is in addition to pitching investment opportunities in manufacturing, tourism, digital, and renewable energy. (PIA-NCR)
