Marcos arrives in Brunei for state visit | ABS-CBN
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Marcos arrives in Brunei for state visit
Marcos arrives in Brunei for state visit
BANDAR SERI BEGAWAN — President Ferdinand Marcos, Jr. arrived in Brunei on Tuesday for a 2-day state visit.
BANDAR SERI BEGAWAN — President Ferdinand Marcos, Jr. arrived in Brunei on Tuesday for a 2-day state visit.
Marcos Jr. went straight to Istana Nurul Iman, the official residence of the Sultan Hassanal Bolkiah, where the two Southeast Asian leaders are expected to witness the signing of cooperation deals on tourism, maritime cooperation and food security.
Marcos Jr. went straight to Istana Nurul Iman, the official residence of the Sultan Hassanal Bolkiah, where the two Southeast Asian leaders are expected to witness the signing of cooperation deals on tourism, maritime cooperation and food security.
Since last year, the two countries have been discussing possible opportunities in agriculture, where the Philippines will export Jasmine and sticky rice variants to Brunei between 2024 and 2025.
Since last year, the two countries have been discussing possible opportunities in agriculture, where the Philippines will export Jasmine and sticky rice variants to Brunei between 2024 and 2025.
Manila was also working to export coconut peat, coconut oil, sweet corn, cacao, high-value crops, fishery and poultry products to Brunei, the Department of Agriculture earlier said.
Manila was also working to export coconut peat, coconut oil, sweet corn, cacao, high-value crops, fishery and poultry products to Brunei, the Department of Agriculture earlier said.
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The two countries were also in talks for scholarship opportunities and joint research on hybrid rice variants, the agency said.
The two countries were also in talks for scholarship opportunities and joint research on hybrid rice variants, the agency said.
While Credit Suisse’s 2023 Global Wealth Report cited Brunei as the 11th richest country in the world, more than half of the Sultanate’s gross domestic product relies on its petroleum industry, making it the third largest oil producer in Southeast Asia and the 4th largest producer of liquefied natural gas in the world.
While Credit Suisse’s 2023 Global Wealth Report cited Brunei as the 11th richest country in the world, more than half of the Sultanate’s gross domestic product relies on its petroleum industry, making it the third largest oil producer in Southeast Asia and the 4th largest producer of liquefied natural gas in the world.
Marcos' visit to the Southeast Asian sultanate marks 40 years of diplomatic relations between the Philippines and Brunei, the Department of Foreign Affairs earlier said.
Marcos' visit to the Southeast Asian sultanate marks 40 years of diplomatic relations between the Philippines and Brunei, the Department of Foreign Affairs earlier said.
While Manila and Bandar Seri Begawan have been trading for decades, the trade deficit between the two countries remain high at $267 million, according to data from the Brunei-Indonesia-Malaysia-Philippines East Asia Growth Area (BIMP-EAGA).
While Manila and Bandar Seri Begawan have been trading for decades, the trade deficit between the two countries remain high at $267 million, according to data from the Brunei-Indonesia-Malaysia-Philippines East Asia Growth Area (BIMP-EAGA).
As of 2022, Brunei’s exports to the Philippines were pegged at $426.91 million, while the Manila’s exports to Bandar Seri Begawan were only at $159.82 million, data showed.
As of 2022, Brunei’s exports to the Philippines were pegged at $426.91 million, while the Manila’s exports to Bandar Seri Begawan were only at $159.82 million, data showed.
The Philippines is looking to tap into Brunei’s Halal industry through more partnerships with Filipino companies, the DA earlier said.
The Philippines is looking to tap into Brunei’s Halal industry through more partnerships with Filipino companies, the DA earlier said.
After his activities in the Istana, Marcos is expected to meet with the Filipino community in Brunei.
After his activities in the Istana, Marcos is expected to meet with the Filipino community in Brunei.
The DFA earlier said that there are about 20,000 Filipinos staying in the Muslim-dominated sultanate.
The DFA earlier said that there are about 20,000 Filipinos staying in the Muslim-dominated sultanate.
Remittances from overseas Filipino workers in Brunei increased to $28.53 million in 2023, which is 1.8 percent higher than the $27.65 million remittance logged in 2022, according to data from the Bangko Sentral ng Pilipinas.
Remittances from overseas Filipino workers in Brunei increased to $28.53 million in 2023, which is 1.8 percent higher than the $27.65 million remittance logged in 2022, according to data from the Bangko Sentral ng Pilipinas.
The President is also expected to attend a business forum to lure Bruneian investors to the Philippines, before he ends his state visit here.
The President is also expected to attend a business forum to lure Bruneian investors to the Philippines, before he ends his state visit here.
After his trip to Brunei, the Filipino leader will fly to Singapore to deliver the keynote speech in this year’s Shangri-la Dialogue.
After his trip to Brunei, the Filipino leader will fly to Singapore to deliver the keynote speech in this year’s Shangri-la Dialogue.
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