PBBM, inanyayahan ang business leaders sa Singapore na makipagtulungan sa pagpapalakas ng renewable energy

Transcript

00:00 President Ferdinand R. Marcos Jr. ordered the Singaporean business leaders to help strengthen the renewable energy in the Philippines

00:10 so that more investments can be invested.

00:16 This is the story of Kenneth Paciente.

00:18 In the visit of President Ferdinand R. Marcos Jr. to the 10th Asia Summit in Singapore,

00:25 he urged the Singaporean business community to focus on the renewable energy in the Philippines.

00:32 The President ordered that investors in exploration, development, and utilization of energy sources in the Philippines

00:43 such as solar, wind, and hydropower can have 100% equity.

00:46 According to the executive, investment can speed up the country's target of achieving its long-term climate target.

00:54 He also urged Singaporean business leaders to be a part of strengthening the renewable energy

01:01 so that clean and cheap energy supply can be provided.

01:05 The President also ordered the country's investments to lower the cost of electricity

01:12 so that the Philippines can be considered as an investment hub for Singaporean businesses.

01:17 The President also believes that the relationship between the Philippines and Singapore will be stronger

01:22 but until now, the two countries have not had any issues.

01:25 He just needs to discuss the opportunities and agree on how it can be implemented.

01:31 The executive also urged that Singapore should be a large part of the country's economy

01:37 as the largest source of foreign direct investment.

01:40 Singapore is the fifth in the top destinations of various products in the Philippines.

01:45 Kenneth Paciente, for the country.