15 April 2023, Singapore – Philippine Ambassador to Singapore Medardo G. Macaraig paid a courtesy call on Minister for Trade and Industry, Mr. Gan Kim Yong, at The Treasury on 14 April 2023.
During the courtesy call, Ambassador Macaraig said that Singapore is an important key partner of the Philippines in terms of trade and investment. Ambassador Macaraig and Minister Gan discussed ways on how to further boost both countries’ two-way trade and investment and exchanged views on other possible opportunities for cooperation, including renewable energy, climate change mitigation through carbon credits, and tourism.
Minister Gan expressed Singapore’s keen interest to work with the Philippines and hoped for the continued positive momentum of the Philippine economy as this will translate to better opportunities for both Singapore and the Philippines.
Singapore was the 7th largest trade partner of the Philippines in 2022 and was the largest source of FDI in the years 2022 and 2021. (END).