Through its trade promotion agency, International Enterprise Singapore, and with the support of both Singapore and the Philippines governments, Singaporean companies are being encouraged to expand their trade across the Philippines, beyond the boundaries of Manila. The cooperation is set to allow Singaporean companies access to more resources and opportunities.
This is an unprecedented move that can bring a lot of benefits, not only to the companies involved but to investors as well. What are the true benefits of this cooperation for investors? That is what we are going to review in this article.
More Projects in the Philippines
One of the direct benefits enjoyed by companies is access to more projects in the Philippines. IE Singapore has been helping companies in various industries gain their first projects in the partner country. Companies operating in industries such as renewable energy and retail are said to be the ones gaining the most advantage.
Back home, these companies are also showing an increase in share prices. This translates to plenty of investment opportunities for investors. The growth in value and the fact that these companies are shaping a much better outlook for 2017 simply make these investments too good to miss.
Tourism and Other Specific Industries
Companies who are operating directly in the Philippines are not the one enjoying the added benefits. Singapore and the Philippines have a long standing relationship in tourism and other specific industries. Singapore, for instance, is visited by over 500,000 Filipino tourists each year. In return, a lot of Singaporeans visit the gorgeous islands of the Philippines.
Tourism and its supporting industries will enjoy a nice boost in performance next year, too. These are the industries you want to look into if you’re looking for direct investment opportunities, as well as shares to invest in on the market. Both President Duterte and Dr Tan are showing strong commitments towards further enhancing both countries’ tourism and cultural cooperation.
Changes on the Market
Let’s not forget that the new cooperation agreement between the two countries will also shape the market in general. The foreign exchange market is already showing signs of change, with certain pairs involving the SGD reacting to this latest development. Their respective stock indices will also likely reflect positive developments from the cooperation.
Since most of the best-performing companies are those whose businesses are benefiting from the new agreement, it is easy to predict future market movements. You will be able to stay profitable without having to bear a lot of risks along the way. Pair that with the fact that indices are relatively safe and less volatile, and you have a good investment instrument to use.
There is no doubt that this new cooperation between the two countries are good, both for the economies as a whole and for businesses who gain new opportunities to explore after the recent economic downturn. It is just a matter of time before these benefits start affecting the markets even further and presenting more opportunities for investors to make a healthy return on investments.
by Marcus Turner Jones