By Veronica Uy
As Singapore and the Philippines commemorate the 55th anniversary of their diplomatic relations this 2024, Ambassador Constance See envisions a new era of collaboration in emerging sectors such as the digital economy, sustainable development, and innovation.
“I am excited and energized. We can build on the solid foundation of our bilateral relations to expand our cooperation even further. Areas such as digital economy, sustainable development, and innovation are ripe for collaboration, promising to bring our relations to new heights. I look forward to the support of our friends and partners including our media partners like THEPHILBIZNEWS,” said the ambassador of Singapore to the Philippines.
Ambassador See was one of the 16 ambassadors who attended The Embassy Night Year 3 of The Philippine Business and News (THEPHILBIZNEWS) on April 4, Thursday, at Hotel Okura Manila.
“There is an increasing number of Singapore companies exploring partnerships in the Philippines. This interest is driven by the growth potential of the country. As well as the current administration’s business-friendly and pro-investment policies posture which have made the Philippines an even more attractive destination for Singaporean businesses,” Ambassador See said.
“The state of our relations is excellent. Our engagements over the years have been multifaceted and continue to grow. Our leaders meet frequently. Over the next few months there will be several high level interactions. More importantly, the bonds of friendship between our peoples are strong and deep,” she added.
Recent data from the Department of Finance underscores the significance of this milestone, affirming Singapore’s pivotal role as the Philippines’ top source of foreign direct investment (FDI) inflow and its seventh largest trading partner globally.
Investments from Singapore encompass critical sectors such as renewable energy, infrastructure, healthcare, manufacturing, and information and communications technology (ICT).
This robust investment portfolio underscores Singaporean investors’ confidence in the resilience and potential of the Philippine economy.
Notably, Singapore ranks as the fifth largest export market and the sixth largest import supplier for the Philippines, highlighting the significance of the economic ties between the two nations.