Marcos pitches PH as Asia's rising star to Singaporean investors

President Ferdinand Marcos Jr. pitched the Philippines as "Asia's rising star" to Singaporean investors, aiming to accelerate post-pandemic economic growth and create more jobs.

Six agreements were signed between the Philippines and Singapore during Marcos' state visit from September 6-7.

Marcos highlighted that Singapore was the Philippines' top investor last year, with significant projects in telecommunications, infrastructure, startup and innovation, renewable energy, and healthcare.

He expressed confidence in the nation's economic recovery and potential, citing its expected outperformance of regional peers due to a favorable investment policy and sound macroeconomic fundamentals.

The Philippine economy grew by 7.8% in the first half of the year, with the government targeting 6.5-7.5% GDP growth for the full year.

Marcos outlined an 8-point socio-economic agenda focused on job creation, digital infrastructure, and research and development, assuring investors of fiscal prudence.