Singapore and the Phillippines reached a media cooperation agreement today, to be applied to media policy and information exchange, co-production and mutual exchanges and training and human resource development, Xinhua reported.

The Memorandum of Understanding was inked at this year's Asia Media Festival, hosted by the Media Development Authority (MDA) of Singapore.

According to a joint statement, the deal comes as the Association of Southeast Asian Nations (ASEAN) is forging closer political, economic and community ties.

Singapore has also agreed on media cooperation deals with three other ASEAN countries, as well as Brunei, Indonesia and Thailand. Companies in both countries have talked about collaborating in TV, games, film and animation, the MDA stated, according to Xinhua.