Singapore – Singapore and the Philippines are charting a strategic course forward through enhanced collaboration across renewable energy, sustainability, and healthcare—building on decades of robust bilateral ties.
Announced during Prime Minister Lawrence Wong’s introductory visit to Manila on June 4, the initiative marks a new chapter in diplomatic and economic engagement between the two nations. Prime Minister Wong and Philippine President Ferdinand Marcos Jr affirmed their commitment at a joint press conference at Malacañang Palace, highlighting the strength and depth of the existing partnership.
PM Wong described the bilateral relationship as being “at its best,” emphasizing the mutual trust and long-standing rapport that have enabled both sides to pursue wide-ranging cooperative initiatives, particularly in trade and investment.
Central to the new cooperation is the mutual commitment to accelerate the ASEAN Power Grid initiative. By 2045, the regional plan aims to interconnect the power networks of ASEAN countries to facilitate cross-border electricity trading. Singaporean firms have expressed strong interest in solar and wind energy ventures in the Philippines, presenting significant opportunities for economic growth and energy diversification.
President Marcos underscored Singapore’s critical role in the Philippines’ energy transition goals. “Singapore continues to be a major partner in our aspirations to broaden energy sources and drive sustainable development,” he noted.
Further reinforcing their climate alignment, both countries are finalizing a legally binding implementation agreement on cross-border carbon credit transfers, in accordance with Article 6 of the Paris Agreement. This move is expected to open new commercial avenues for carbon trading and green investments.
Such a framework will not only support national climate objectives but also attract advanced technologies, bolster private sector participation, and generate green employment opportunities in both nations.
Beyond energy and sustainability, Singapore and the Philippines will also strengthen cooperation in healthcare and civil service development, signaling a comprehensive approach to bilateral progress with a long-term, regional outlook.
