With the desire to assist the nation’s trajectory of economic growth, President Ferdinand R. Marcos Jr., announced that his official visit to Malaysia through the gracious invite of King Al-Sultan Abdullah, will mainly focus on renewed partnerships in various sectors.
The President mentioned the planned explorations on “new avenues for cooperation,
particularly in areas of the Halal Industry and Islamic banking,” on Tuesday, during his departure speech at the Maharlika in Villamor Air Base in Pasay City.
Building on past successes, the State Visit of President Marcos to Malaysia aims to identify new areas of synergies that can propel partnership that would serve as a roadmap for agencies to work on for the country and Filipino’s mutual benefit.
“This visit aims to forge synergies with Malaysia for the Philippines to enjoy a share of this market,” Marcos said.
The said state visit will also be an avenue for a meeting with His Excellency Prime Minister Anwar Ibrahim to pursue areas of cooperation in agreed priority areas that are also aligned with the Philippine economic agenda.
President Marcos is also set to meet with Malaysian business leaders to showcase trade and investment opportunities given the wide sector for economic cooperation with Malaysia.
“I hope that through the investment forum, roundtable discussions, and business meetings organized by the Department of Trade and Industry, we will build new bridges between our economies and create inroads to new ventures that will see our bilateral trade volumes and investments increase,” Marcos said.
The chief executive will also be visiting the Filipinos working in Malaysia to “personally show that the nation’s care and protection and reassure them that the government is continuously working to ensure their safety and well-being.”
President Marcos is hoping that the investments brought to the country from various foreign visits would open opportunities for OFWs to find suitable work in the Philippines and come home to their families for good.
Along with the celebration of six decades of Philippine-Malaysia formal diplomatic relations in 2024, the President expressed his optimism for this state visit.
“I am optimistic that this State Visit will nurture the foundations of a revitalized and stronger Philippines-Malaysia cooperation,” Marcos said.
The Halal Industry’s global demand continues to expand and is expected to grow to a trillion-dollar industry in the international market. PND
