Berliner Boersenzeitung - Pariah to president: Marcos Jr returns family to Philippines supremacy

EUR -
AED 4.095102
AFN 72.480008
ALL 90.801688
AMD 402.807486
ANG 1.995737
AOA 1023.635334
ARS 1721.721299
AUD 1.61933
AWG 2.007127
AZN 1.900047
BAM 1.955836
BBD 2.250342
BDT 139.162586
BGN 1.948955
BHD 0.422108
BIF 3342.96213
BMD 1.115071
BND 1.431727
BOB 13.402249
BRL 6.138357
BSD 1.117321
BTN 104.873949
BWP 15.391286
BYN 3.345962
BYR 21855.38619
BZD 2.247142
CAD 1.573644
CDF 2586.964483
CHF 0.914162
CLF 0.027822
CLP 1094.980351
CNY 7.444774
CNH 7.438418
COP 3608.76707
CRC 506.709417
CUC 1.115071
CUP 26.815498
CVE 110.267049
CZK 24.346956
DJF 198.963698
DKK 7.480457
DOP 67.891262
DZD 151.940824
EGP 59.957114
ERN 16.726061
ETB 183.378708
FJD 2.526309
FKP 0.833961
GBP 0.834166
GEL 2.893653
GGP 0.833961
GHS 13.055243
GIP 0.833961
GMD 83.077063
GNF 9896.183924
GTQ 8.538159
GYD 234.234353
HKD 8.744429
HNL 30.029558
HRK 7.547925
HTG 146.432722
HUF 363.51345
IDR 20192.258205
ILS 3.552538
IMP 0.833961
INR 104.716854
IQD 1693.83148
IRR 2108992.359359
ISK 136.919964
JEP 0.833961
JMD 177.323296
JOD 0.790629
JPY 176.710877
KES 145.192698
KGS 97.510486
KHR 4552.084602
KMF 492.86165
KPW 1003.563608
KRW 1520.737678
KWD 0.346765
KYD 0.931217
KZT 500.809308
LAK 25136.46717
LBP 100053.859534
LKR 371.556906
LRD 189.94353
LSL 18.477643
LTL 3.292514
LVL 0.674496
LYD 7.150133
MAD 10.921803
MDL 19.971371
MGA 5077.094359
MKD 61.556144
MMK 2341.311039
MNT 4015.078679
MOP 9.019368
MRU 45.108838
MUR 52.442198
MVR 17.176258
MWK 1937.436008
MXN 20.766565
MYR 4.528864
MZN 71.257178
NAD 18.477643
NGN 1502.23485
NIO 41.120764
NOK 10.548462
NPR 167.798119
NZD 2.015128
OMR 0.428348
PAB 1.117421
PEN 3.848972
PGK 5.092095
PHP 70.369926
PKR 309.016043
PLN 4.399568
PYG 6984.129802
QAR 4.084276
RON 5.343646
RSD 117.622186
RUB 91.352798
RWF 1649.13065
SAR 4.188587
SBD 8.974739
SCR 15.358485
SDG 670.719139
SEK 11.033072
SGD 1.430306
SHP 0.835103
SLE 25.591287
SLL 23382.48045
SOS 638.511867
SRD 41.908265
STD 23079.712667
STN 24.500455
SVC 9.776182
SYP 14498.149201
SZL 18.471343
THB 37.411034
TJS 10.307092
TMT 3.902748
TND 3.343362
TOP 2.684822
TRY 55.9111
TTD 7.577141
TWD 36.546782
TZS 2952.454872
UAH 50.616941
UGX 4570.084937
USD 1.115071
UYU 44.950835
UZS 13332.247784
VES 999.456181
VND 28526.296796
VUV 133.25575
WST 3.108617
XAF 655.957
XAG 0.021465
XAU 0.000274244363
XCD 3.013535
XCG 2.013637
XDR 0.788413
XOF 655.957
XPF 119.331742
YER 263.853652
ZAR 18.420333
ZMK 10036.978597
ZMW 22.703422
ZWL 359.052318
SSP 6406.644798
MXV 2.33632
  • CMSD

    -0.1200

    19.81

    -0.61%

  • JRI

    0.0000

    10.77

    0%

  • BCC

    -1.8200

    74.15

    -2.45%

  • CMSC

    -0.2228

    19.53

    -1.14%

  • BCE

    0.2000

    20.34

    +0.98%

  • RIO

    0.0100

    94.17

    +0.01%

  • AZN

    -2.7400

    161.47

    -1.7%

  • GSK

    -1.1800

    48.17

    -2.45%

  • RBGPF

    0.0000

    65

    0%

  • NGG

    0.8800

    75.82

    +1.16%

  • RYCEF

    -0.7300

    19.08

    -3.83%

  • BTI

    -0.4500

    54.4

    -0.83%

  • BP

    0.4700

    43.99

    +1.07%

  • RELX

    -0.0600

    33.18

    -0.18%

  • VOD

    -0.1800

    16.15

    -1.11%

Pariah to president: Marcos Jr returns family to Philippines supremacy
Pariah to president: Marcos Jr returns family to Philippines supremacy / Photo: JAM STA ROSA - AFP/File

Pariah to president: Marcos Jr returns family to Philippines supremacy

Ferdinand Marcos Jr, whose dictator father and namesake plundered and brutalised the Philippines for decades, on Tuesday won a historic election victory, capping his clan's journey from pariahs to the presidential palace.

Text size:

Marcos Jr, known by his nickname "Bongbong", won in a landslide, following relentless whitewashing of the family's past and leveraging of powerful alliances with rival families that control swathes of the poverty-plagued country.

In the 36 years since a popular uprising toppled the patriarch and chased the family into US exile, the Marcoses have been rebuilding their political fortunes.

Despite his own father's concerns about his "carefree and lazy" nature, Marcos Jr, 64, made it the furthest.

After narrowly losing the vice presidential race to Leni Robredo in the 2016 election, he was determined their rematch in the presidential contest would end differently.

Vowing to unify the country, Marcos Jr made sweeping promises on the campaign trail to boost jobs and tackle rising prices as part of a pathway out of the pandemic.

"Unity is my cause because of my firm belief that unity is the first step towards getting out of this crisis we are now in," Marcos Jr said in February -- without ever explaining further what the slogan meant.

- Polarising figure -

Growing up in the presidential palace in Manila, Marcos Jr wanted to be an astronaut before he followed in his father's footsteps into politics.

He served as vice governor and twice as governor of the family's northern stronghold of Ilocos Norte province, and also had stints in the House of Representatives and the Senate.

His 92-year-old mother, Imelda, said she had dreamed of him becoming the country's leader. While he consulted her about running for president, Marcos Jr told CNN Philippines the decision was his.

Marcos Jr's links to his father, especially the bloody repression of the martial law years, have made him one of the nation's most polarising politicians.

But he has benefited from a deluge of fake and misleading posts on social media platforms targeting a largely young electorate with no memory of the corruption, killings and other abuses committed during the elder Marcos's 20-year rule.

Marcos Jr has denied using social media trolls.

His campaign was bolstered by teaming up with vice presidential candidate Sara Duterte and the backing of other elite families who wield enormous influence in the feudal and corrupt democracy.

Marcos Jr and Duterte's shared history as the offspring of authoritarian leaders has alarmed rights groups and Catholic priests, who fear they will use their victory to entrench themselves in power.

- Political revival -

Marcos Jr was at boarding school in Britain in 1972 when his father declared martial law, unleashing large-scale corruption and a bloody crackdown on dissent.

He has defended his father's rule by citing the initial surge of economic growth and government spending under martial law, which he said was necessary to save the country from communist and Muslim insurgencies.

While he describes his father as a "political genius", Marcos Jr has distanced himself from charges of pillaging state coffers and economic mismanagement during his regime that later impoverished the nation.

After the fallen dictator's death in Hawaii in 1989, the Marcoses returned home and began their remarkable revival, tapping local loyalties to get elected to a succession of higher positions.

The eldest of Marcos Jr's three sons with wife Louise -- a lawyer from another wealthy family -- was a first-time candidate in these elections, seeking one of two congressional seats in Ilocos Norte.

The clan's turnaround has been aided by public disenchantment over an enduring gulf between the rich and poor, and graft allegations that marred post-Marcos administrations.

Seeking to avoid a repeat of the 2016 campaign when he was hounded by questions about his family's past, Marcos Jr this time snubbed debates with rivals and gave few interviews.

When he did, he appeared awkward and ill at ease.

Opponents tried in vain to have him disqualified from the presidential race over a previous conviction for failing to file income tax returns.

They also accused him of exaggerating his educational qualifications and the family of failing to pay nearly $4 billion in estate taxes.

Until recently, Duterte was a supporter of Marcos Jr, crediting the Marcos family's backing for sealing his presidential victory.

But although his party endorsed Marcos for president, Duterte called him a "weak" leader.

This fuelled speculation that Duterte, who faces an international probe into his deadly drug war, was trying to secure assurances from Marcos Jr for when he is out of office.

In the final week of campaigning, as Robredo appeared to be gaining momentum, Marcos Jr warned of vote-rigging, without providing any evidence.

"We will win as long as you stay awake on Monday so there won't be another tragedy," Marcos Jr told hundreds of thousands of fans at his final campaign rally.

"Many undesirable things happen if we stop paying attention."

(K.Müller--BBZ)