MANILA – According to a Palace official on Monday, President Ferdinand “Bongbong” Marcos Jr. returned to Singapore over the weekend to reinforce discussions from his recent state visit there and to encourage anew investments in the Philippines.
On her official Facebook page, Press Secretary Trixie Cruz-Angeles uploaded a screenshot of a post by Singaporean Manpower Minister Tan See Leng confirming Marcos’ visit to the city-state.
On Sunday night, Marcos met with Singaporean investors on the sidelines of the Formula One Grand Prix competition in Singapore.
“Naging produktibo ang pagdalaw sa Singpore ni Pangulong Ferdinand Romualdez Marcos Jr. Pinagpatibay niya ang mga pangunahing usapan sa huling state visit sa bayan na ito, at pinatuloy ang paghihikayat sa pag invest sa bayang Pilipinas (President Ferdinand Romualdez Marcos Jr.’s visit to Singapore was productive. He reinforced the main talks during the last state visit to this country, and continued to encourage investment in the Philippines),” Cruz-Angeles said in her caption.
She had not provided any additional information as of the time of posting.
Joining Marcos were his son, Senior Deputy Majority Leader and Ilocos Norte 1st District Rep. Sandro Marcos, and his cousin, House Speaker Martin Romualdez.
Tan stated on his Facebook post that he met with other heads of state, ministers, and other dignitaries besides Marcos.
“Happy to meet various Heads of States, Ministers and foreign dignitaries (including Bongbong Marcos, President Surangel Whipps Jr., Cambodia’s Minister attached to the Prime Minister and Managing Director of Electricite Du Cambodge (EDC), Keo Rottanak, Cambodia’s Minister of Commerce, Pan Sorasak, Advisor to the Royal Court, Kingdom of Saudi Arabia, Dr Fahad Bin Abdullah Toonsi) to affirm our bilateral economic relationships and strengthen collaborations in energy cooperation as well as exchange views on manpower policies on the sidelines of the race,” he said.
“Last but not least, especially happy to have our community and tripartite leaders and front-liners at the event. Thank you for your contributions towards the fight against Covid-19 over the last 2 years,” he added.
Marcos brought home USD6.54 billion (PHP374.57) in investment pledges during his first state visit to Singapore from September 6 and 7.
The pledges, which are estimated to create 15,000 employment, include a USD5 billion investment in electric tricycles.
“This investment in the transportation sector is seen to lessen air pollution emitted by an estimated 3.5 million tricycles nationwide,” Malacañang said.
Other commitments include a USD1.2 billion investment in renewable energy, specifically the new technology of floating solar, a USD200 million investment in setting up of in-country Data Center, USD10 million to USD100 million investments in areas such as marine renewable energy, water production, desalination, electric boats as well as aquaculture.
Moreover, there were also investments pledged in “Innovation Platform for Start-ups” valued at USD20 million and “Women in Technology” valued at USD20 million.
