00:00 President Ferdinand R. Marcos Jr. is scheduled to travel to Malaysia next week for a three-day state visit.
00:07 According to the Department of Foreign Affairs, the visit will be attended by the President,
00:12 especially Malaysia's top trading partner, the Philippines.
00:15 Kenneth Pacientes was at the center of the news live.
00:18 President Ferdinand R. Marcos Jr.'s trip to Malaysia is now finalized for next week.
00:29 After his second State of the Nation address on Monday,
00:33 the President will be heading to Malaysia for his three-day state visit.
00:38 According to the Department of Foreign Affairs,
00:40 the President was invited by the King of Malaysia to visit there,
00:44 where he expects the two countries will have a meeting,
00:48 including Malaysian Prime Minister Anwar Ibrahim,
00:51 to discuss how to deepen the relationship between the two countries.
00:57 During the visit, the Philippines will also meet with prominent Filipino and Malaysian business leaders
01:04 to enhance bilateral trade and investment and to explore economic opportunities for the Filipino people.
01:11 According to the DFA, the President will visit there,
01:16 because it is the 60th anniversary of the diplomatic relations between the two countries.
01:22 It is also an opportunity for the country, especially Malaysia, to become the Philippines' top trading partner.
01:30 He will pursue bilateral cooperation in priority areas that are at least in support of the economic agenda of the country,
01:39 and that will include agriculture, food security, tourism, digital economy, tourism,
01:46 and will also focus on people-to-people exchanges.
01:49 But there will be new areas that will be explored,
01:52 and this would include the halal industry and Islamic banking.
01:58 The DFA believes that after the visit of the Executive Board,
02:03 it will be able to return the investment pledges.
02:07 It is also expected that President Marcos Jr. will hold business meetings there,
02:12 the new Pasang Maharlika Investment Fund,
02:15 which is also included in the schedule of the President's visit to the Filipino community in Malaysia.
02:21 And to personally inform them of his administration's plans and programs for overseas Filipinos.
02:28 And it's safe to assume that the programs of the government relative to the welfare,
02:34 the promotion of the welfare of our migrant workers will be erased.
02:38 President Ferdinand R. Marcos Jr. will be accompanied on his trip.
02:45 First Lady Liza Marcos and some members of her Cabinet,
02:51 particularly the economic team of the government.
02:54 Naomi.
02:55 Thank you very much, Kenneth Paciente.
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