PRESIDENT Rodrigo Duterte witnessed on Saturday, April 27, the signing of investment agreements with an estimated combined value $185.7 million in the fields of urban development, renewable energy, aviation and manufacturing.
While Singaporean firms are investing in the Philippines, Jollibee Worldwide Pte. Ltd. is planning to open 25 new Jollibee outlets in Singapore through Golden Beeworks Pte. Ltd.
The signing of the agreements - six memorandums of understanding (MOUs) and four letters of intent (LOIs) submitted by Singaporean companies - was done on the sidelines of the 32nd Association of Southeast Asian Nations (Asean) Leaders Summit in Singapore.
The investment pledges could generate about 1,920 job opportunities for Filipinos.
President Rodrigo Roa Duterte witnesses the signing of several business agreements between the Philippines and Singapore at the Ritz-Carlton Millenia Hotel in Singapore on April 28, 2018. #ASEAN2018 #WeAreASEAN #DuterteSG2018Posted by Presidential Communications (Government of the Philippines) on Friday, April 27, 2018