President Ferdinand Marcos Jr. convened with corporate and telecommunications executives in Singapore on Wednesday to discuss investment opportunities aimed at bolstering digital infrastructure and making medical services more accessible in the Philippines.
In these meetings, Marcos engaged with representatives from the Ayala Group, ABC Impact, and the Temasek Trust ecosystem to explore cooperative efforts designed to upgrade the domestic healthcare landscape.
The Presidential Communications Office (PCO) shared that ABC Impact reaffirmed its commitment to advancing the growth of AC Health following its acquisition of an approximate 16-percent minority share in the firm.
“Together with the Ayala Group, the partnership aims to provide high-quality and affordable healthcare to more Filipinos by accelerating the expansion of hospitals, multi-specialty clinics, retail pharmacies, and other healthcare services across the country, increasing access to quality medical care in more communities,” the PCO said.
Promoting investments with concrete advantages for the Filipino public—especially in essential areas like healthcare—remains a core focus for the Marcos administration.
According to the PCO, widening AC Health’s national footprint is expected to yield thousands of new jobs across both the retail and medical sectors, all while fostering a more integrated and robust healthcare network.
As Ayala Corporation’s healthcare arm, AC Health recently gained a strategic funding boost from Singapore’s ABC Impact, an impact investment firm backed by Temasek and Temasek Trust. This marks ABC Impact’s initial direct venture into the Philippine medical sector, expanding its regional footprint.
Looking ahead, AC Health’s long-term objectives include managing a minimum of 10 hospitals, 300 clinics, and 1,150 pharmacies by the year 2027.
In a separate engagement, Marcos sat down with leaders from Singaporean telecom titan Singtel to talk about scaling up investments in the digital landscape of the Philippines.
During the dialogue, Singtel expressed its commitment to reinforcing its local presence through its enduring alliance with Globe Telecom and the ongoing growth of NCS Philippines—a joint enterprise between NCS and Globe’s tech branch, Yondu.
The PCO highlighted that active projects by ST Telemedia Global Data Centres in Cavite and Quezon City are set to boost the country’s digital capacity, positioning the Philippines as an emerging hub for regional data centers.
“The meeting underscored Singtel’s continued confidence in the Philippine market,” it said, stressing that leveraging digital partnerships would help make the Philippine economy more robust.
The PCO further emphasized:
“Promoting sustained investments in digital infrastructure will strengthen the country’s connectivity, generate more high value employment, and support long term economic growth,” it added.