Singaporean companies are exploring opportunities to invest in renewable energy projects in the Philippines, Prime Minister Lawrence Wong confirmed during his official visit to Manila.
Speaking at a joint press briefing with Philippine President Ferdinand Marcos Jr following their bilateral discussions on Wednesday, Prime Minister Wong highlighted a mutual commitment to enhancing cooperation in the clean energy sector.
“We agreed on the importance of expanding our collaboration in renewable energy,” Wong said, underlining the city-state’s strategic interest in the Philippines’ evolving energy landscape.
President Marcos reaffirmed Singapore’s role as a key partner in the country’s energy transition, emphasising ongoing efforts to broaden the Philippines’ energy mix. He also noted that the two nations are working towards a bilateral agreement focused on health cooperation, indicating broader collaboration beyond the energy sector.
The Philippines continues to position itself as a major player in Southeast Asia’s clean energy transition. The government has introduced policy reforms and eased restrictions on investment to attract both local and international investors into the renewable energy space.
-Bloomberg
