Arthur Fuentes

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Lawrence Wong, Bongbong Marcos

Katrina Domingo

ABS-CBN News

MANILA — Singapore is looking to expand its stakes in renewable energy projects in the Philippines, Singaporean Prime Minister Lawrence Wong said on Wednesday as the two countries committed to “build on and further enhance” their bilateral cooperation on various fronts.Singaporean firms are “interested in renewable energy projects in the Philippines, including solar and wind energy projects,” said Wong, who is in Manila for a 2-day visit.“During our meeting earlier, the President and I had a good discussion on ways to build on and further enhance our bilateral cooperation. We agreed on the importance on expanding our collaboration in renewable energy both bilaterally and also in the region,” he said after his meeting with Philippine President Ferdinand Marcos Jr. in Malacañang.“Such projects can generate economic opportunities for the Philippines while supporting the Philippines’ renewable energy targets,” he said.Marcos noted that “Singapore remains one of our country&#x27;s most important investors,” and expressed optimism that the Philippines will “remain an important destination for these investments.”Manila also hopes “that the collaboration of our private sectors, both in the Philippines and in the region, will further deepen and adapt to global developments,” the Filipino leader said.“This visit of Prime Minister Wong demonstrates what we already have known for a long time to be true: The robust ties between the Philippines and Singapore and the steadfast camaraderie between Filipinos and Singaporeans are strong and remain strong,” he said.“Bound by our shared commitment to free trade and the value of multilateralism, we each elaborated on how we hope to achieve ASEAN 2045, a vision of a resilient and inclusive regional community,” he said.The two leaders did not give details as to how much Southeast Asia’s richest country intends to hike its investments in the Philippines’ renewable energy sector, but Wong noted that both countries have “agreed to accelerate these efforts to achieve the ASEAN power grid.”“This will improve energy resilience in the region and enhance green transition,” he said, adding that the Philippines and Singapore are committed “to do more in sustainability to meet our respective climate goals.”In August, Manila and Singapore inked a memorandum of understanding on carbon credits collaboration, which seeks to exchange best practices, and explore the development of high-integrity carbon markets.“Our officials are working now to finalizing a legally-binding implementation agreement that’s aligned with article 6 of the Paris Agreement,” Wong said.“This will facilitate commercial participation in the carbon credits project which can spur technology transfer, green investments and good jobs,” he said.Meantime, Singapore is “exploring ways for Filipino health care workers in Singapore to upskill and eventually reintegrate in the Philippine health care system,” Wong said.“Both health ministries are also exploring ways to deepen cooperation in areas of mutual interests through a broader healthcare partnership,” the Prime Minister said.The National University of Singapore has also “developed a leadership program to advance the Philippines’ Civil Service Commission’s digital transformation agenda,” he said.Before Wong’s trip to the Philippines, he met with Marcos on the sidelines of the ASEAN Summit in Malaysia last week.In Manila, the Singaporean leader reiterated his country’s support for the Philippines’ ASEAN Chairmanship in 2026.“The Philippines can count on Singapore for its full support for the ASEAN chairmanship next year,” the Prime Minister said.“We will coordinate closely because Singapore takes over the chairmanship from the Philippines… so we will work shoulder to shoulder, side by side,” he said.

Singapore is looking to expand its stakes in renewable energy projects in the Philippines, Singaporean Prime Minister Lawrence Wong said on Wednesday.

Singapore is looking to expand its stakes in renewable energy projects in the Philippines, Singaporean Prime Minister Lawrence Wong said on Wednesday.

PH, Singapore to expand renewable energy partnership after PM Wong’s Manila visit

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PH, Singapore to expand renewable energy partnership after PM Wong’s Manila visit

Katrina Domingo,

ABS-CBN News

Published Jun 04, 2025 09:36 PM PHT

Read More:

Ferdinand Marcos Jr.

Lawrence Wong

Singapore

ASEAN

renewable energy

health

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