President Marcos has highlighted the strong ties between not only the governments but also the people of the Philippines and Singapore as he invited Singaporean business leaders to explore the Philippines as an investment destination.

Marcos said this in a roundtable meeting with foreign CEOs on the sidelines of the 10th Asia Summit in Singapore on Wednesday, Sept. 13.

In his remarks before business leaders and economic managers, the President emphasized the healthy bilateral ties between the two neighboring nations, which even flourished amid the global pandemic.

Marcos recalled that the Philippine-Singapore ties have started at the "people-to-people" level, which has been the bedrock on which both countries develop all the other agreements, partnerships, and alliances.

"In that time between the very beginning of that relationship, we haven't come across really any significant issues, diplomatic, political, or otherwise, between Singapore and the Philippines," he said.

The Chief Executive also took pride in skilled and talented Filipino workers capable of doing various tasks.

"Many of our most professional workforce have actually come to live and work in Singapore. I know many, many, many people, especially in the financial sector, who have made their lives here in Singapore and continue to do so," he said.

Meanwhile, President Marcos noted that Singapore was the Philippines' largest source of foreign investments. He likewise highlighted that the Philippines' exports to Singapore increased by 16.98 percent or $4.91 billion in 2022 from $4.2 billion in 2021.

"Singapore has also been a steadfast partner in our economic journey through the largest source of foreign direct investments in 2021 with a net foreign direct investment or FDI of $761 million," he said.

President Marcos is in Singapore in an attempt to invite business leaders to consider the Philippines as an investment destination. He said the Philippines was ready to collaborate with them.