Zürcher Nachrichten - Marcos Jr sworn in as Philippine president

EUR -
AED 4.18819
AFN 72.986681
ALL 94.093169
AMD 419.336766
ANG 2.041812
AOA 1046.33874
ARS 1689.237159
AUD 1.659493
AWG 2.052756
AZN 1.94463
BAM 1.95365
BBD 2.294415
BDT 140.405512
BGN 1.928314
BHD 0.429516
BIF 3389.081848
BMD 1.14042
BND 1.47354
BOB 7.889319
BRL 5.917526
BSD 1.139217
BTN 107.645086
BWP 15.481423
BYN 3.303807
BYR 22352.23589
BZD 2.291119
CAD 1.622653
CDF 2594.455617
CHF 0.922304
CLF 0.026717
CLP 1051.512997
CNY 7.747957
CNH 7.749845
COP 3928.462479
CRC 516.717864
CUC 1.14042
CUP 30.221135
CVE 110.143809
CZK 24.253544
DJF 202.861456
DKK 7.474285
DOP 67.74368
DZD 152.01573
EGP 56.112895
ERN 17.106303
ETB 183.659588
FJD 2.566291
FKP 0.864276
GBP 0.861456
GEL 3.01051
GGP 0.864276
GHS 12.884823
GIP 0.864276
GMD 83.816709
GNF 9987.098794
GTQ 8.691399
GYD 238.297802
HKD 8.944589
HNL 30.487722
HRK 7.533841
HTG 148.893562
HUF 354.549819
IDR 20408.959872
ILS 3.407063
IMP 0.864276
INR 107.959005
IQD 1492.351426
IRR 1569218.193112
ISK 143.989507
JEP 0.864276
JMD 179.376341
JOD 0.808589
JPY 184.93172
KES 147.661924
KGS 99.729769
KHR 4580.879333
KMF 492.661826
KPW 1026.378578
KRW 1765.353362
KWD 0.353142
KYD 0.949347
KZT 553.126546
LAK 25550.215035
LBP 102013.471253
LKR 383.048456
LRD 207.330965
LSL 18.717313
LTL 3.367364
LVL 0.689829
LYD 7.318755
MAD 10.675554
MDL 20.135315
MGA 4847.708586
MKD 61.633119
MMK 2394.482869
MNT 4082.621573
MOP 9.202834
MRU 45.464779
MUR 53.87344
MVR 17.631033
MWK 1975.443746
MXN 19.951315
MYR 4.635352
MZN 72.815319
NAD 18.717313
NGN 1574.15682
NIO 41.924238
NOK 11.340258
NPR 172.227967
NZD 2.019211
OMR 0.438486
PAB 1.139246
PEN 3.890319
PGK 5.001563
PHP 69.920269
PKR 316.774443
PLN 4.289009
PYG 6937.184543
QAR 4.152613
RON 5.24217
RSD 117.382277
RUB 87.817385
RWF 1672.301315
SAR 4.279379
SBD 9.197535
SCR 15.304587
SDG 684.834289
SEK 11.091419
SGD 1.475214
SHP 0.851439
SLE 28.279206
SLL 23914.045531
SOS 651.060804
SRD 42.759486
STD 23604.395609
STN 24.473394
SVC 9.967945
SYP 126.053037
SZL 18.712754
THB 37.921829
TJS 10.560434
TMT 4.002875
TND 3.374372
TOP 2.745859
TRY 53.204252
TTD 7.744275
TWD 36.363447
TZS 2993.60643
UAH 51.128392
UGX 4175.405811
USD 1.14042
UYU 45.839764
UZS 13729.832902
VES 709.619078
VND 30002.744791
VUV 135.91446
WST 3.171375
XAF 655.241785
XAG 0.019835
XAU 0.000287
XCD 3.082043
XCG 2.053123
XDR 0.814911
XOF 655.218828
XPF 119.331742
YER 272.101636
ZAR 18.764075
ZMK 10265.153548
ZMW 20.624764
ZWL 367.214839
  • CMSC

    0.1300

    22.06

    +0.59%

  • GSK

    0.3100

    52.81

    +0.59%

  • BCC

    -1.7600

    79.26

    -2.22%

  • BCE

    -0.6600

    22.26

    -2.96%

  • RIO

    0.5500

    94.29

    +0.58%

  • CMSD

    0.1300

    21.9

    +0.59%

  • NGG

    0.7500

    83.76

    +0.9%

  • RBGPF

    0.6100

    65.61

    +0.93%

  • BTI

    -0.0200

    62.74

    -0.03%

  • AZN

    2.5400

    190.95

    +1.33%

  • RYCEF

    0.2900

    18.68

    +1.55%

  • JRI

    0.0700

    12.86

    +0.54%

  • VOD

    -0.2000

    13.69

    -1.46%

  • RELX

    -0.0500

    31.29

    -0.16%

  • BP

    0.2200

    37.35

    +0.59%

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