Marcos ruled to return to the Philippines after election erosion

May 10 (Reuters) – Ferdinand Marcos Jr., the son of the Philippine dictator who was ousted in a popular uprising in 1986, won the presidential election by a wide margin on Monday, unofficial results reported, marking a stunning comeback for the country’s most famous. political dynasty. Read more

Below is a reaction to his victory.

Peter Mumford, Head of Eurasia Group Practice, South and Southeast Asia, Singapore

“Marcos’ apparent landslide electoral victory is not a guarantee that he will be a popular and/or effective leader, but that he will start his presidency strong. In particular, it will create strong initial traction for members of Congress……and will mean that more technocrats/economists will be willing to serve in his government” .

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“One of the key watch points under his administration will be whether corruption and nepotism – risks already noticeable in the Philippines – are worsening. It will be interesting to monitor whether he realizes these concerns and signals/takes action in the coming weeks to reassure foreign investors, or if He often appoints other close family and personal relationships to key positions, reiterating investors’ concerns.”

Alex Holmes, Emerging Asian Economist, Capital Economics

“The victory puts Marcos in a strong position. Given his family background and political career achieved thus far, there are concerns among investors that his election will fuel corruption, nepotism and mismanagement.”

Marcos provided few policy details during the election campaign. But the one thing he is keen to do is to resume President Duterte’s “build, build, build” infrastructure program, which he hopes will be “expanded and improved.” There is no doubt that the Philippines would benefit from a modernization Its infrastructure ranks among the worst in Asia.”

Philippine presidential candidate Ferdinand “Bong Pong” Marcos Jr., son of late dictator Ferdinand Marcos, speaks during an election rally in Lipa, Batangas Province, Philippines, April 20, 2022. REUTERS/Eluisa López/File Photo

“The incoming president is also keen to pursue closer ties with China. Low interest rate loans from China could help reduce the financial impact of an infrastructure push.

“China’s courtship is likely to involve a trade-off in relations with the Philippines’ traditional ally, the United States. The BPO sector is a huge source of remittances.”

Timario 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 Lenny) Robredo’s campaign has also generated an opposition force that can challenge the immunities of the ruling regime if it is sufficiently led by progressive leaders who can inspire and move people with them.”

Greg Pauling, Fellow and Senior Director, Southeast Asia Program, Center for Strategic and International Studies, Washington

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

“It would be better for the United States to participate than to criticize the headwinds of democracy plaguing the Philippines.”

“Marcos is one of the symbols of politics. He avoided presidential debates, avoided interviews, and was silent on most issues. However, he was clear that he would like to make another fissure in improving relations with Beijing.”

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(Reporting by Karen Lima and Martin Petty) Editing by Nick McPhee and Ed Davis

Our Standards: Thomson Reuters Trust Principles.

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