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May 24, 2017

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S'pore firms will tap agriculture, retail, infrastructure trades in the Philippines

MANILA--Encouraged by the Philippine economy's robust growth, Singaporean companies are now keen on tapping investment opportunities in the country's agriculture, retail and infrastructure industries.

On the sidelines of the Philippines Singapore Business Council meeting last week, Trade Secretary Gregory L. Domingo said the arrival of the foreign business delegation led by Singapore President Tony Tan Keng Yam was a "sign of the growing relationship ... between the Philippines and Singapore."

And the establishment of the International Enterprise Singapore office in Manila indicates that the Singaporean firms, "are coming to do bigger things here in the Philippines," Domingo said.

The agency assists Singaporean companies in investing overseas.

According to Domingo, the country's trade with Singapore is already quite huge, as the latter is already the Philippines' fifth-largest trading partner with trade totaling US$8 billion.

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