Home Business Insider Ferdinand Marcos Jr. Sworn As Philippines President

Ferdinand Marcos Jr. Sworn As Philippines President

Ferdinand Marcos Jr. Sworn As Philippines President
Photo Courtesy: Foreign Brief Website

Ferdinand Marcos Jr. has sworn in as the Philippine president in a ceremony in Manila, who succeeded the outgoing leader Rodrigo Duterte. Marcos’s inauguration remarks a stunning comeback for the Marcos political dynasty, which was ousted after a popular revolt in 1986. The article is about Ferdinand Marcos Jr. Sworn As Philippines President.

Mr. Marcos Jr., nicknamed Bongbong, won an election landslide. Sara Duterte, the outgoing president’s daughter, is sworn in as Vice president of the country. He took his oath of office at midday in a colorful event at the National Museum. He waved and smiled, flanked by his wife and three sons, while observing a parade that featured an aerial display of jet fighters and march-pasts of the Philippines’ various uniformed personnel.

In his first speech as president, he thanked the crowd for delivering what he described as the significant electoral mandate in the history of Philippine democracy. The 64-year-old leader is inheriting a country still on the road to recovery from a years-long pandemic and an economic outlook clouded by skyrocketing inflation and rising debt. Critics say his sweeping promises to boost jobs and tackle rising prices have seen little discussion on actual policy reform. Some are also looking to Mr. Marcos Jr to rehabilitate the country’s image in the wake of Mr. Duterte’s term, which has been characterized by a bloody war on drugs policy and a tightening grip on press freedom.

The inauguration comes after the Supreme Court in Manila ruled that convictions for tax evasion did not disqualify the new president from taking office. It also follows the announcement on Wednesday from a Philippines regulator that it was standing by its decision to shut down investigative news site Rappler – one of the few media outlets in the Philippines that is critical of the previous government.

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