Marcos rule to return to Philippines after election landslide

Marcos rule to return to Philippines after election landslide
(Reuters) – Ferdinand Marcos Jr, the son and namesake of the Philippines dictator deposed in a 1986 popular uprising, won a presidential election by a huge margin on Monday, according to unofficial results, marking a stunning comeback for the country’s most famous political dynasty. read more

Following is reaction to his victory.

PETER MUMFORD, EURASIA GROUP PRACTICE HEAD, SOUTH & SOUTHEAST ASIA, SINGAPORE
“Marcos’s apparent landslide electoral victory is not a guarantee that he will be a popular and/or effective leader, but it gets his presidency off to a strong start. In particular, it will create a strong initial gravitational pull on members of Congress …. and will mean more technocrats/economists will be willing to serve in his cabinet.”

“One of the key watchpoints under his administration will be whether corruption and cronyism – already notable risks in the Philippines – worsen. It will be interesting to watch whether he recognises these concerns and signals/takes action in the coming weeks to reassure foreign investors, or if he mostly appoints close family and other personal connections to key positions, reaffirming investors’ worries.”

ALEX HOLMES, EMERGING ASIA ECONOMIST, CAPITAL ECONOMICS
“The victory puts Marcos in a powerful position. Given his family background and his chequered political career to date, there are concerns among investors that his election will fuel corruption, nepotism and poor governance.”..
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