THE Singapore Business Federation (SBF), supported by International Enterprise (IE) Singapore and the Philippine Trade and Investment Centre, will be leading a 22-member delegation to Manila and Davao City from Aug 1-4 to explore new business and networking opportunities.
Leading the mission is SBF council member and CEO of Keppel Corporation Limited Loh Chin Hua, who also serves as co-chairman of the Philippines-Singapore Business Council (PSBC).
During the business mission, two forums - a PSBC forum in Manila and a Davao-Mindanao Singapore Business Forum in Davao City, Mindanao - will be held to enable the delegation to gain insight into the business climate and investment opportunities under the Philippines' new political leadership.
Delegates will also have networking opportunities with government officials and business leaders from various sectors. They will get to meet business, government and community representatives as well as members of the Makati Business Club (MBC), which comprises 200 of the largest and most dynamic corporations in the Philippines, according to the SBF.
Mr Loh said: "Through this mission, we hope to further strengthen the close economic ties between the two countries and to encourage more Singapore companies to explore new business opportunities in the Philippines."
The business mission to Manila and Davao City is one of the Philippine market engagement activities planned by SBF under the aegis of the Local Enterprise and Association Development Programme (LEAD).
The Philippines' real gross domestic product is projected by the World Bank to grow at a rate of 6.9 per cent in 2017 and 2018. Trade statistics indicate that Singapore is the Philippines' fourth largest trading partner and its top trading partner in Asean in 2016. Total trade between the two countries amounted to S$4.4 billion in 2016.