The Japan Times - Marcos Jr sworn in as Philippine president

EUR -
AED 4.324651
AFN 75.365297
ALL 95.550796
AMD 434.855075
ANG 2.107727
AOA 1081.015811
ARS 1634.224485
AUD 1.622667
AWG 2.121111
AZN 1.991524
BAM 1.957899
BBD 2.372523
BDT 144.534924
BGN 1.964319
BHD 0.444864
BIF 3505.853663
BMD 1.177577
BND 1.491254
BOB 8.139586
BRL 5.810446
BSD 1.177953
BTN 111.026708
BWP 15.771637
BYN 3.328869
BYR 23080.513604
BZD 2.369099
CAD 1.605597
CDF 2727.268771
CHF 0.91476
CLF 0.026674
CLP 1049.856983
CNY 8.020774
CNH 8.004599
COP 4390.526028
CRC 540.370036
CUC 1.177577
CUP 31.205796
CVE 110.383318
CZK 24.280877
DJF 209.761277
DKK 7.472257
DOP 70.053006
DZD 155.746294
EGP 62.083031
ERN 17.663658
ETB 183.928126
FJD 2.568413
FKP 0.866075
GBP 0.864047
GEL 3.155654
GGP 0.866075
GHS 13.251979
GIP 0.866075
GMD 86.544915
GNF 10338.081211
GTQ 8.994412
GYD 246.44998
HKD 9.22179
HNL 31.315167
HRK 7.534614
HTG 154.280785
HUF 355.555253
IDR 20373.852353
ILS 3.41657
IMP 0.866075
INR 110.803893
IQD 1543.108167
IRR 1546158.895897
ISK 143.794412
JEP 0.866075
JMD 185.538876
JOD 0.834866
JPY 184.072962
KES 152.083906
KGS 102.944395
KHR 4724.98438
KMF 493.404987
KPW 1059.832346
KRW 1707.116028
KWD 0.362352
KYD 0.981636
KZT 545.508508
LAK 25850.269416
LBP 105485.876917
LKR 379.305297
LRD 216.158025
LSL 19.219301
LTL 3.47708
LVL 0.712304
LYD 7.450987
MAD 10.796573
MDL 20.266379
MGA 4891.159678
MKD 61.651399
MMK 2472.725463
MNT 4216.250791
MOP 9.501223
MRU 47.130518
MUR 55.016581
MVR 18.199494
MWK 2042.554688
MXN 20.263277
MYR 4.60465
MZN 75.259181
NAD 19.219137
NGN 1599.82131
NIO 43.346462
NOK 10.920751
NPR 177.645398
NZD 1.970334
OMR 0.452706
PAB 1.177943
PEN 4.080173
PGK 5.126495
PHP 70.996719
PKR 328.213306
PLN 4.225088
PYG 7209.727983
QAR 4.293702
RON 5.26295
RSD 117.397388
RUB 87.789829
RWF 1726.921728
SAR 4.425598
SBD 9.4435
SCR 16.166895
SDG 707.133817
SEK 10.839104
SGD 1.490413
SHP 0.87918
SLE 29.027313
SLL 24693.201099
SOS 673.210169
SRD 44.077877
STD 24373.471032
STN 24.526081
SVC 10.307048
SYP 130.179166
SZL 19.213023
THB 37.750736
TJS 11.008012
TMT 4.127408
TND 3.416862
TOP 2.835324
TRY 53.282988
TTD 7.968406
TWD 36.931528
TZS 3058.755817
UAH 51.581389
UGX 4405.684965
USD 1.177577
UYU 47.100486
UZS 14274.300376
VES 581.130162
VND 30982.056782
VUV 139.064452
WST 3.193015
XAF 656.649699
XAG 0.014398
XAU 0.000247
XCD 3.182461
XCG 2.122912
XDR 0.817725
XOF 656.660863
XPF 119.331742
YER 280.999422
ZAR 19.207285
ZMK 10599.608845
ZMW 22.439672
ZWL 379.179386
  • RBGPF

    0.0000

    63.18

    0%

  • CMSC

    -0.0820

    22.918

    -0.36%

  • RYCEF

    -0.0500

    17.45

    -0.29%

  • RELX

    -1.6300

    34.12

    -4.78%

  • AZN

    -3.2000

    181.72

    -1.76%

  • RIO

    -2.0930

    103.417

    -2.02%

  • GSK

    -0.0800

    50.45

    -0.16%

  • BTI

    -1.3900

    58.17

    -2.39%

  • BP

    -0.7550

    43.875

    -1.72%

  • CMSD

    -0.0100

    23.41

    -0.04%

  • BCC

    -0.5100

    73.73

    -0.69%

  • VOD

    -0.4000

    15.73

    -2.54%

  • NGG

    -1.6100

    86.24

    -1.87%

  • BCE

    0.2300

    24.46

    +0.94%

  • JRI

    -0.0100

    13.16

    -0.08%

Marcos Jr sworn in as Philippine president
Marcos Jr sworn in as Philippine president / Photo: Ted ALJIBE - AFP/File

Marcos Jr sworn in as Philippine president

The son of the Philippines' late dictator Ferdinand Marcos was sworn in as president Thursday, completing a decades-long effort to restore the clan to the country's highest office.

Text size:

Ferdinand "Bongbong" Marcos Jr, 64, won last month's elections by a landslide, securing the biggest victory since his father was ousted by a popular revolt in 1986.

He succeeds the hugely popular Rodrigo Duterte, who gained international infamy for his deadly drug war and has threatened to kill suspected dealers after he leaves office.

Marcos Jr took the oath at midday (0400 GMT) in a public ceremony at the National Museum in Manila in front of hundreds of local and foreign dignitaries, including Chinese Vice President Wang Qishan and US Second Gentleman Douglas Emhoff.

More than 15,000 police, soldiers and coast guard personnel have been deployed across the capital for the inauguration.

Ahead of the swearing-in, Duterte received Marcos Jr at the Malacanang presidential palace -- which the Marcos family fled into exile 36 years ago.

Duterte, 77, wore a mask and his traditional formal shirt, characteristically unbuttoned at the top and with sleeves rolled up, for the meeting with Marcos Jr, who he once described as "weak".

The ceremony comes days after the Supreme Court dismissed final attempts to have Marcos Jr disqualified from the election and prevent him taking office.

As rising prices squeeze an economy already ravaged by Covid-19, Marcos Jr has made tackling inflation, boosting growth and ramping up food production his priorities.

He has taken the rare step of appointing himself agriculture secretary to lead the overhaul of the problem-plagued sector.

Marcos Jr has also pledged to defend the Philippines' rights to the disputed South China Sea, which Beijing claims almost entirely.

But he has offered scant detail on how he will achieve his goals and few hints about his leadership style after largely shunning media interviews.

Pro-Duterte commentator Rigoberto Tiglao wrote recently that he was optimistic for an "economic boom" under Marcos Jr.

Tiglao pointed to the "accomplished academicians" on Marcos Jr's economic team and the support of "powerful magnates" who will be able to provide him with advice and financial support.

- 'Friends to all, enemy to none' -

Marcos Jr, who appears to be more polite and businesslike than Duterte, was swept to power with the help of a massive social media misinformation campaign.

Pro-Marcos groups bombarded Filipinos with fake or misleading posts portraying the family in a positive light while ignoring the corruption and rights abuses of the patriarch's 20-year rule.

Crucial to Marcos Jr's success was an alliance with Duterte's daughter Sara, who secured the vice-presidential post with more votes than him, and the backing of rival dynasties.

Many expect Marcos Jr will be less violent and more predictable than the elder Duterte, but activists and clergy fear he could use his victory to entrench himself in power.

"Marcos Jr's refusal to recognise the abuses and wrongdoings of the past, in fact lauding the dictatorship as 'golden years', makes him very likely to continue its dark legacy during his term," leftist alliance Bayan warned.

Marcos Jr, who has distanced himself from his father's rule but not criticised it, last month pledged to "always strive to perfection".

He has filled most cabinet positions. But the most influential adviser during his six-year term will likely be his wife, Louise, who claims to have no interest in joining his government but is widely believed to have run his campaign.

Sergio Ortiz-Luis, president of the Employers Confederation of the Philippines, said the country had a "big chance that we can be moving forward and ahead of the pack" under Marcos Jr.

"We are very optimistic on the quality of the leadership that we have now," Ortiz-Luis told AFP.

Unlike Duterte, who pivoted away from the United States towards China, Marcos Jr has indicated he will pursue a more balanced relationship with the two superpowers.

Marcos Jr said last month he would adopt a "friends to all, enemy to none" foreign policy.

But unlike Duterte, he insisted he would uphold an international ruling against Beijing over the resource-rich South China Sea.

While he has backed Duterte's drug war, which has killed thousands of mostly poor men, he is not likely to enforce it as aggressively.

"I think the Philippine political elite are ready to move on from a violence-led drug war," said Greg Wyatt, director for business intelligence at PSA Philippines Consultancy.

"The drug war attracted enough negative attention."

M.Matsumoto--JT