by HIDAYATH HISHAM
MALAYSIA and the Philippines are looking to expand bilateral cooperation beyond trade, with new opportunities identified in the tourism and investment sectors
Philippine coordinator for the Brunei-Indonesia-Malaysia-the Philippines East ASEAN Growth Area (BIMP-EAGA), Leo Tereso Magno, said trade volumes between the two countries will also be enhanced following high-level meetings at the 46th ASEAN Summit.
“The Philippines will host the ASEAN Summit next year, and we have strengthened trade since 1994 when we established BIMP-EAGA.
“So what we hope for is that the relationship between Malaysia and the Philippines will be further improved — not just in trade, but also in investment and tourism,” he said.
He described Malaysia as an important regional partner and player in South-East Asia across trade, investment and tourism.
Magno also mentioned that the ASEAN Summit serves as a timely platform to raise pressing regional concerns, including discussions on recent tariff measures by the US.
Earlier, Philippine President Ferdinand Marcos Jr said stronger collaboration among BIMP-EAGA members has laid the foundation for more inclusive, sustainable and innovation-driven growth.
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