The Philippine Masters is set to join the European Tour and Asian Tour Schedules in 2018.
The event will mark the European Tour's first visit to the Philippines since 1995, when American Fred Couples won the Johnnie Walker Classic at the Orchard Golf and Country Club, pictured below.
It follows the announcement of the Strategic Alliance between the European Tour and Asian Tour last July, which officially ratified a partnership which had developed and grown since 1999, when the two tours co-sanctioned their first event, the Malaysian Open.
The event will be promoted by Salvador Zamora's Tranzen Group.
"The Philippine Masters further increases the playing opportunities for our members, and strengthens our Strategic Alliance with the Asian Tour," said Keith Pelley, Chief Executive of the European Tour.
Josh Burack, Chief Executive of the Asian Tour, added: "The Asian Tour is delighted to welcome on board the Philippine Masters onto our Schedule in early 2018.
"This new tournament will extend our long and successful association with professional golf in the country and on behalf of our talented members, I would like to offer our gratitude to Salvador Zamora for his generous contribution to the game. We will work closely with our Strategic Alliance partner, the European Tour, to ensure the event's success for the benefit of the game in the Philippines, Asia and around the world."
Salvador Zamora, the promoter of the event is looking forward to showing the world of golf what the Philippines has to offer as well as growing the game within the country.
"These are very exciting times for golf in the Philippines, he said."
"My personal objective is to promote the game in the Philippines and introduce golf to as many people as possible, with a special emphasis on the introduction of golf to children. Golf has been a major part of my life for many years and given me so much so I now feel it is time for me to give back to golf."
Full Philippine Masters tournament details, including venue, dates and total prize fund on offer, will be announced at a later date.