Wednesday, 4 March 2020

Singapore’s Ambassador to Manila Kok Li Peng urged businessmen from the Philippines to remember investing in Singapore corporations and to construct greater partnerships with marketers from the island kingdom.


Singapore’s Ambassador to Manila Kok Li Peng. TMT File Photo
“We have an extended-status partnership between Singaporean businesses and Philippine corporations,” the
ambassador stated at the weekly Pandesal Forum in Quezon City on Tuesday.


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“I am satisfied to inspire Philippine organizations to come, take a look at Singapore companies,” the ambassador, who has been inside the Philippines for two years, stated.

While spotting the Philippines’ brisk economic growth, the ambassador also referred to that Singapore is the Philippines’ top buying and selling and investment accomplice within the Asean vicinity. Data from the Philippine Statistics Authority showed that Singapore ranked because the Philippines’ first investment partner during the first 3 quarters of 2016 by myself, with funding pledges achieving P16.7 billion.

The volume of trade and funding between the two nations is expected to develop further, the ambassador said.

Explaining Singapore’s interest inside the Philippines, she stated “the President (Duterte) has been running very hard to usher in assistance from countries within the region and international locations inside the vicinity are responding.”

She did not point out precise deals between the two Asean international locations, saying the negotiations have been nevertheless ongoing. She simplest stated the two governments wish to record every time soon on “the numerous degrees of progress.” President Rodrigo Duterte and his cabinet secretaries visited Singapore in December.

The ambassador said the Singapore government is “happy” to permit the Philippines see measures together with “congestion pricing” that Singapore has in region to address visitors problems.

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