Marcos: F1 racing is 'best way to drum up business'

President Ferdinand Marcos Jr. and First Lady Liza Araneta Marcos with Singapore Prime Minister Lee Hsien Loong at the F1 Singapore Grand Prix (PHOTO: Lee Hsien Loong Facebook page)
President Ferdinand Marcos Jr. and First Lady Liza Araneta Marcos with Singapore Prime Minister Lee Hsien Loong at the F1 Singapore Grand Prix (PHOTO: Lee Hsien Loong Facebook page)

Racing is "the best way to drum up business," President Ferdinand “Bongbong” Marcos Jr. said on Monday (October 4) as the fallout from his controversial trip to attend the Formula 1 Grand Prix in Singapore over the weekend continued.

Posting photos of his trip to the city-state on Facebook, Marcos wrote, "They say that playing golf is the best way to drum up business, but I say it’s Formula 1. What a productive weekend!"

He added, "It was fulfilling to have been invited alongside several dignitaries and to have met new business friends who showed that they are ready and willing to invest in the Philippines. Will be sharing more details on this at a later time."

Malacañang officially confirmed Marcos' trip on Monday after initially refraining from comment despite repeated media queries, calling it a "productive" one. He was accompanied by First Lady Liza Araneta-Marcos; his son, Ilocos Norte Rep. Sandro Marcos; and his cousin, House Speaker Martin Romualdez.

Marcos earned the ire of many online, saying that the visit is insensitive amid the crisis the country is facing.

Earlier, Singapore's Manpower Minister posted photos of the president at the event and said he had met with him on the sidelines of the Grand Prix race, which was held at the Marina Bay Street Circuit from last Friday till Sunday. The trip provoked severe criticism, with many questioning the timing amid continued economic difficulties and the aftermath of Typhoon Karding, that displaced thousands and led to an estimated PHP2.02 billion (US$34.2 million) in agricultural damage.

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