Singapore telecommunications giant Singtel has reaffirmed its commitment to expanding its investments in the Philippines following a meeting with President Marcos, citing continued confidence in the country's growing digital economy.

During the meeting on Wednesday, July 15, Singtel executives briefed the President on the company's ongoing investments in telecommunications, digital services, and data centers, which are expected to generate high-value jobs and strengthen the country's technology infrastructure.

In a Facebook post following the meeting, Marcos said the Philippines continues to emerge as an attractive destination for digital economy investments.

"The Philippines is becoming an increasingly attractive destination for investments in the digital economy," the President said.

He noted that Singtel Group's continued expansion would generate more high-value jobs while strengthening the country's digital infrastructure.

"Singtel Group's continued expansion in AI (artificial intelligence), cloud technologies and data center infrastructure will create more high-value jobs and strengthen the digital backbone that supports businesses, innovation and economic growth," the President said.

"Investments like these help ensure that the opportunities of the digital age translate into real benefits for the Filipino people," he added.

According to the Presidential Communications Office (PCO), Singtel Group Chief Executive Officer Yuen Kuan Moon, Globe Telecom President and Chief Executive Officer Carl Cruz, and Ayala Corporation Vice Chairman Fernando Zobel de Ayala met with Marcos on the sidelines of his working visit to Singapore.

During the meeting, company officials highlighted the establishment of NCS Philippines, a joint venture between Singtel's technology services arm NCS and Globe Telecom's digital solutions subsidiary Yondu.

The partnership has expanded NCS' Philippine workforce from 150 to about 1,200 professionals, significantly boosting its capabilities in digital transformation, cloud computing, and artificial intelligence services.

Singtel also informed Marcos of its plans to further expand its investments and operations in the Philippines to support the country's growing demand for digital services.

The company also underscored the expansion of ST Telemedia Global Data Centres (STT GDC) in the Philippines, including the new STT Fairview facility in Quezon City and the ongoing STT Cavite 2 development.

The projects are expected to strengthen the country's position as an emerging regional hub for digital infrastructure while supporting businesses' increasing demand for secure and reliable data storage and cloud services.

According to Singtel, the additional investments will further improve the country's digital infrastructure through NCS and reinforce its long-term presence in the Philippine market.

Singtel said its continued expansion reflects Singapore's sustained confidence in the Philippine economy and its digital transformation agenda.

The company said its investments are expected to support the creation of more high-value employment opportunities while contributing to the country's long-term technology infrastructure development.

Company executives also reaffirmed their support for Globe Telecom as it continues investing in the network infrastructure needed to power the country's expanding digital economy.

The meeting forms part of President Marcos' working visit to Singapore from July 14 to 16, where he is engaging business leaders to encourage greater investments in the Philippines.

The administration has been actively courting foreign investors in digital infrastructure, artificial intelligence, data centers, semiconductor manufacturing, and information technology-business process management (IT-BPM) as part of its strategy to accelerate digital transformation, create quality jobs, and position the Philippines as a competitive investment destination in Southeast Asia.