Philippines-Singapore Relations

One main contributor for the steady relationship between the two nations, Singapore and Philippines, is due to being a segment of ASEAN for 50 years. The ties have been continuing to strengthen as Philippines is willing to partner with Singapore in regional security and lower rates of terrorism along with Humanitarian Assistance and Disaster Relief (HADR) actions.

Since the previous year, along with Philippines and a few other countries, Singapore has aided, in order to implement joint maritime patrols in the Sulu Sea.

According to Mr Morales, Singapore has been a dependable nation to Philippines due to evidences such as the Typhoon Haiyan and the security situation in Marawi in Mindanao.

In addition, Filipino workers in Singapore have achieved a total of US $1.7 billion of remittance leading them to be the highest source of remittances in the region and the fourth-largest all over the world.

From a business perspective, the bilateral trade between the two nations are high, leading Singapore to be the fourth-largest trading partner of Philippines for over an year with an astounding amount of US $9.01 billion or 6.6 percent of overall trade. https://www.businesstimes.com.sg/hub/the-philippines-asean-50/deepening-philippines-spore-ties

In the year 2016, the fifth country for the inflows of FDI in the Philippines was Singapore, leading to a contribution of 11% included in a total amount of US$7.9b.

The country ranked as number one among the ASEAN organization for bilateral trade between Philippines is Singapore, for a trade value of US$3.7b, and a share of 6.6% exports from the Philippines. Furthermore, Philippines being ranked as the number 14th trading partner for Singapore, contributed to a 2% share of Singaporean exports and a total trade of US$6.5b.

Additionally, Singapore is a remainder of a crucial source of investment for the vital sectors such as infrastructure, construction and public-private partnership projects, and the tourism industry in the Philippines.

Singapore playing a vital function for trading among the ASEAN market, serves as an important trader for the Philippines in terms of exports and providing reinforcement for the industry of aerospace primarily known as Lion City in the MRO service (Maintenance, Repair, and Overhaul).

Moreover, the love for travel among Singaporeans contributed to visits by a total of 176,057 citizens to the Lion City of Philippines in the year 2016, portraying as the 7th country of origin of visitors internationally and approximately 3% among the 5,967,005 international visitors.