Marcos decides to return to the Philippines after an electoral landslide


May 10 (Reuters) – Ferdinand Marcos Jr, son and namesake of the Filipino dictator deposed in a popular uprising in 1986, won the presidential election on Monday by a huge margin, according to unofficial results, marking a stunning comeback for the most famous in the country. political dynasty. Read more

Here is the reaction to his victory.

PETER MUMFORD, EURASIA GROUP PRACTICE MANAGER, SOUTH AND SOUTHEAST ASIA, SINGAPORE

“Marcos’ apparent landslide election victory is no guarantee that he will be a popular and/or effective leader, but it does give his presidency a good start. In particular, it will create a strong initial pull on members of the Congress…and will mean that more technocrats/economists will be ready to serve in his cabinet.”

Join now for FREE unlimited access to Reuters.com

“One of the key watch points under his administration will be whether corruption and cronyism – already notable risks in the Philippines – are worsening. It will be interesting to see if he acknowledges these concerns and flags/takes action. in the coming weeks to reassure foreign investors, or whether he mainly appoints relatives and other personal relations to key positions, reaffirming investors’ concerns.”

ALEX HOLMES, EMERGING ECONOMIST ASIA, CAPITAL ECONOMICS

“The victory puts Marcos in a strong position. Given his family background and checkered political career to date, investors fear his election will fuel corruption, nepotism and poor governance.”

“Marcos gave few political details about the election campaign. But one thing he is keen to do is take over President Duterte’s ‘Build, Build, Build’ infrastructure program, which he hopes to ‘expand and improve’ There is no doubt that the Philippines would benefit from upgrading its infrastructure, which is ranked among the worst in Asia.”

Philippine presidential candidate Ferdinand “Bongbong” Marcos Jr., son of late dictator Ferdinand Marcos, delivers a speech during a campaign rally in Lipa, Batangas province, Philippines April 20, 2022. REUTERS/Eloisa Lopez/File Photo

“The new president is also keen to tighten ties with China. China’s low-interest loans could help limit the fiscal impact of the infrastructure push.

“Courting China would likely involve a compromise in relations with the Philippines’ traditional ally, the United States. business process outsourcing industry and is a huge source of remittances.”

TEMARIO RIVERA, FORMER PROFESSOR OF POLITICAL SCIENCE, UNIVERSITY OF THE PHILIPPINES

“Marcos Jr’s victory signals the worst rise and concentration of dynastic political power in the country’s political history. But (Vice President Leni) Robredo’s campaign has also spawned an opposition force that could challenge the impunity of the ruling regime if properly led by progressive leaders who can inspire and move with the people.”

GREG POLING, SENIOR FELLOW AND DIRECTOR, SOUTHEAST ASIA PROGRAM, CENTER FOR STRATEGIC AND INTERNATIONAL STUDIES, WASHINGTON

“He will soon be the duly elected president. But 2022 is not 1972. It is not the end of Philippine democracy, although it may hasten its decline.”

“The United States would be better served by engagement rather than criticism of the democratic headwinds rocking the Philippines.”

“Marcos is a political figure. He has avoided presidential debates, avoided interviews and remained silent on most issues. He has, however, made it clear that he would like to take another chance to improve ties with Beijing.”

Join now for FREE unlimited access to Reuters.com

Reporting by Karen Lema and Martin Petty; Editing by Nick Macfie and Ed Davies

Our standards: The Thomson Reuters Trust Principles.


Leave a Reply

Your email address will not be published.