Zürcher Nachrichten - Marcos Jr sworn in as Philippine president

EUR -
AED 4.278489
AFN 76.301366
ALL 96.530556
AMD 444.389335
ANG 2.085119
AOA 1068.154458
ARS 1670.316609
AUD 1.75427
AWG 2.096704
AZN 1.984845
BAM 1.955415
BBD 2.345238
BDT 142.439297
BGN 1.957372
BHD 0.439074
BIF 3456.06653
BMD 1.164835
BND 1.508396
BOB 8.046379
BRL 6.313529
BSD 1.16437
BTN 104.690912
BWP 15.469884
BYN 3.34764
BYR 22830.773166
BZD 2.341828
CAD 1.611422
CDF 2599.912958
CHF 0.937162
CLF 0.02734
CLP 1072.545921
CNY 8.235507
CNH 8.234944
COP 4446.759008
CRC 568.78787
CUC 1.164835
CUP 30.868137
CVE 110.780379
CZK 24.198994
DJF 207.014999
DKK 7.469472
DOP 74.84113
DZD 151.385181
EGP 55.40272
ERN 17.47253
ETB 180.60972
FJD 2.630723
FKP 0.8723
GBP 0.873382
GEL 3.149553
GGP 0.8723
GHS 13.337819
GIP 0.8723
GMD 85.033396
GNF 10119.511721
GTQ 8.919242
GYD 243.610929
HKD 9.068302
HNL 30.667954
HRK 7.538703
HTG 152.42995
HUF 382.163892
IDR 19442.733022
ILS 3.76907
IMP 0.8723
INR 104.795933
IQD 1525.399284
IRR 49054.133779
ISK 149.006189
JEP 0.8723
JMD 186.373259
JOD 0.825914
JPY 180.836077
KES 150.617641
KGS 101.8653
KHR 4665.166047
KMF 491.560932
KPW 1048.343898
KRW 1715.709753
KWD 0.357232
KYD 0.970405
KZT 588.861385
LAK 25249.913875
LBP 104272.296288
LKR 359.159196
LRD 204.939598
LSL 19.73441
LTL 3.439456
LVL 0.704598
LYD 6.329752
MAD 10.752872
MDL 19.812009
MGA 5193.953775
MKD 61.627851
MMK 2446.083892
MNT 4131.091086
MOP 9.337359
MRU 46.433846
MUR 53.664406
MVR 17.950554
MWK 2019.093291
MXN 21.176696
MYR 4.788683
MZN 74.437324
NAD 19.73441
NGN 1689.139851
NIO 42.851552
NOK 11.767103
NPR 167.505978
NZD 2.016522
OMR 0.447885
PAB 1.164465
PEN 3.914028
PGK 4.940241
PHP 68.699705
PKR 326.441746
PLN 4.232667
PYG 8008.421228
QAR 4.244263
RON 5.093014
RSD 117.420109
RUB 89.113003
RWF 1694.158743
SAR 4.371861
SBD 9.5794
SCR 15.722146
SDG 700.652754
SEK 10.953705
SGD 1.509027
SHP 0.873928
SLE 26.791608
SLL 24426.013032
SOS 664.266196
SRD 44.99647
STD 24109.740275
STN 24.495171
SVC 10.187374
SYP 12881.033885
SZL 19.719113
THB 37.125677
TJS 10.683448
TMT 4.076924
TND 3.415727
TOP 2.804644
TRY 49.510866
TTD 7.893444
TWD 36.432793
TZS 2836.374505
UAH 48.875802
UGX 4119.187948
USD 1.164835
UYU 45.541022
UZS 13930.253805
VES 289.561652
VND 30705.060237
VUV 142.19158
WST 3.250066
XAF 655.824896
XAG 0.019865
XAU 0.000276
XCD 3.148026
XCG 2.098577
XDR 0.815408
XOF 655.723589
XPF 119.331742
YER 277.700931
ZAR 19.720255
ZMK 10484.920268
ZMW 26.920577
ZWL 375.076512
  • RBGPF

    0.0000

    78.35

    0%

  • RYCEF

    -0.1400

    14.51

    -0.96%

  • CMSC

    -0.0200

    23.46

    -0.09%

  • SCS

    -0.0550

    16.175

    -0.34%

  • RIO

    -0.7200

    73.01

    -0.99%

  • VOD

    -0.1480

    12.485

    -1.19%

  • GSK

    -0.2650

    48.305

    -0.55%

  • RELX

    -0.1850

    40.355

    -0.46%

  • NGG

    -0.4100

    75.5

    -0.54%

  • BTI

    -0.8900

    57.15

    -1.56%

  • CMSD

    -0.0700

    23.25

    -0.3%

  • AZN

    0.3400

    90.37

    +0.38%

  • BCC

    -0.4400

    73.82

    -0.6%

  • JRI

    0.0250

    13.775

    +0.18%

  • BCE

    0.3850

    23.605

    +1.63%

  • BP

    -1.1400

    36.09

    -3.16%

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."

U.Ammann--NZN