The Gist
News and Features
Global Philippines Fine Living
Insights
INVESTMENT STRATEGY
Economy Stocks Bonds Currencies
THE BASICS
Investment Tips Explainers Retirement
Webinars
2024 Mid-Year Economi Briefing, economic growth in the Philippines
2024 Mid-Year Economic Briefing: Navigating the Easing Cycle
June 21, 2024
Investing with Love
Investing with Love: A Mother’s Guide to Putting Money to Work
May 15, 2024
retirement-ss-3
Investor Series: An Introduction to Estate Planning
September 1, 2023
View All Webinars
Downloads
economy-ss-9
Economic Updates
Quarterly Economic Growth Release: 5.4% Q12025
DOWNLOAD
investment-ss-3
Economic Updates
Policy rate views: Uncertainty stalls cuts
DOWNLOAD
grocery-2-aa
Economic Updates
Inflation Update: BSP poised for a string of rate cuts as inflation cools
DOWNLOAD
View all Reports
Metrobank.com.ph Contact Us
Follow us on our platforms.

How may we help you?

TOP SEARCHES
  • Where to put my investments
  • Reports about the pandemic and economy
  • Metrobank
  • Webinars
  • Economy
TRENDING ARTICLES
  • Investing for Beginners: Following your PATH
  • On government debt thresholds: How much is too much?
  • Philippines Stock Market Outlook for 2022
  • No Relief from Deficit Spending Yet

Login

Access Exclusive Content
Login to Wealth Manager
Visit us at metrobank.com.ph Contact Us
Access Exclusive Content Login to Wealth Manager
Search
The Gist
News and Features
Global Philippines Fine Living
Insights
INVESTMENT STRATEGY
Economy Stocks Bonds Currencies
THE BASICS
Investment Tips Explainers Retirement
Webinars
2024 Mid-Year Economi Briefing, economic growth in the Philippines
2024 Mid-Year Economic Briefing: Navigating the Easing Cycle
June 21, 2024
Investing with Love
Investing with Love: A Mother’s Guide to Putting Money to Work
May 15, 2024
retirement-ss-3
Investor Series: An Introduction to Estate Planning
September 1, 2023
View All Webinars
Downloads
economy-ss-9
Economic Updates
Quarterly Economic Growth Release: 5.4% Q12025
May 8, 2025 DOWNLOAD
investment-ss-3
Economic Updates
Policy rate views: Uncertainty stalls cuts
May 8, 2025 DOWNLOAD
grocery-2-aa
Economic Updates
Inflation Update: BSP poised for a string of rate cuts as inflation cools
May 6, 2025 DOWNLOAD
View all Reports
Reuters 4 MIN READ

Philippines election win returns Marcos to power, and polarisation

May 10, 2022By Reuters
Related Articles
Oil falls 2% on weak US and Chinese economic data May 11, 2023 China's pump-priming spurs investor bets on further monetary easing October 26, 2023 Gold hits 8-week low on robust dollar, steep rate-hike bets September 15, 2022

By Neil Jerome Morales and Karen Lema

MANILA, May 10 (Reuters) – The Philippines woke to a new but familiar political dawn on Tuesday, after an election triumph by Ferdinand Marcos Jr paved the way for a once unimaginable return to the country’s highest office for its most notorious political dynasty.

Marcos, better known as “Bongbong”, trounced bitter rival Leni Robredo to become the first candidate in recent history to win a Philippines presidential election majority, marking a stunning comeback by the son and namesake of an ousted dictator that has been decades in the making. nL2N2X00JH

Marcos fled into exile in Hawaii with his family during a 1986 “people power” uprising that ended his father’s autocratic 20-year rule, and has served in congress and the senate since his return to the Philippines in 1991.

Marcos’s runaway victory in Monday’s election looked certain when early results of an unofficial vote poured in and with 95% of the eligible ballots counted, he had more than 30 million votes, double that of Robredo.

An official result is expected around the end of the month.

Marcos refused to celebrate, offering instead what he called a statement of gratitude.

“There are thousands of you out there, volunteers, parallel groups, political leaders that have cast their lot with us because of our belief in our message of unity,” he said, standing beside a national flag, in remarks streamed on Facebook.

“Any endeavour as large as this does not involve one person, it involves very, very many people working in very, very many different ways.”

Though Marcos, 64, campaigned on a platform of unity, political analysts say his presidency is unlikely to foster that, despite the huge margin of victory.

Many among the millions of Robredo voters are angered by what they see as a brazen attempt by the disgraced former first family to use its mastery of social media to reinvent historical narratives of its time in power.

Thousands of opponents of Marcos senior suffered persecution during a brutal 1972-1981 era of martial law, and the family name became synonymous with plunder, cronyism and extravagant living, with billions of dollars of state wealth disappearing.

The Marcos family has denied wrongdoing and many of its supporters, bloggers and social media influencers say historical accounts are distorted.

‘DETESTABLE IMAGE’

Human rights group Karapatan called on Filipinos to reject the new Marcos presidency, which it said was built on lies and disinformation “to deodorize the Marcoses’ detestable image”.

“Marcos Jr has not publicly acknowledged the crimes of his father and his family’s role, as direct beneficiaries,” it said in a statement.

“Marcos Jr continues to spit on the graves and sufferings endured by all the Marcos martial law victims by feigning ignorance on the numerous documented atrocities.”

Marcos, who shied away from debates and interviews during the campaign, recently praised his father as a genius and a statesman but has also been irked by questions about the martial law era.

As the vote count showed the extent of the Marcos win, Robredo told her supporters to continue their fight for truth until the next election.

“It took time to build the structures of lies. We have time and opportunity to fight and dismantle these,” she said.

Marcos gave few clues on the campaign trail of what his policy agenda would look like, but is widely expected to closely follow outgoing President Rodrigo Duterte, who targeted big infrastructure works, close ties with China and strong growth. Duterte’s tough leadership style won him big support.

Aries Arugay, a political science professor, said Marcos has much to do to prove he is sincere about unity.

“This polarization will happen regardless,” he said.

“Under a Marcos presidency, perhaps it will become more pernicious because I don’t think the unity slogan will be implemented, meaning reaching out to the other side.”

“It will be a tough sell because it is not credible.”

EXPLAINER-What’s at stake in the Philippines election?nL3N2WX0TG

SPECIAL REPORT-Marcos could control hunt for family’s wealth as Philippines presidentnL3N2WV114

FEATURE-‘Our blood is boiling’: Victims angry as son of dictator closes in on Philippine presidencynL3N2WU0SN

Seeking return of disputed ‘golden age’, Philippine voters back son of dictator MarcosnL3N2WX0ZF

INSTANT VIEW 2-Marcos rule to return to Philippines after election landslidennL3N2X0087

(Writing by Martin Petty; Editing by Ed Davies)

((martin.petty@tr.com; +66896070413))

This article originally appeared on reuters.com

Read More Articles About:
Worldwide News Philippine News Rates & Bonds Equities Economy Investment Tips Fine Living

You are leaving Metrobank Wealth Insights

Please be aware that the external site policies may differ from our website Terms And Conditions and Privacy Policy. The next site will be opened in a new browser window or tab.

Cancel Proceed
Get in Touch

For inquiries, please call our Metrobank Contact Center at (02) 88-700-700 (domestic toll-free 1-800-1888-5775) or send an e-mail to customercare@metrobank.com.ph

Metrobank is regulated by the Bangko Sentral ng Pilipinas
Website: https://www.bsp.gov.ph

Quick Links
The Gist Webinars Wealth Manager Explainers
Markets
Currencies Rates & Bonds Equities Economy
Wealth
Investment Tips Fine Living Retirement
Portfolio Picks
Bonds Stocks
Others
Contact Us Privacy Statement Terms of Use
© 2025 Metrobank. All rights reserved.

Read this content. Log in or sign up.

​If you are an investor with us, log in first to your Metrobank Wealth Manager account. ​

If you are not yet a client, we can help you by clicking the SIGN UP button. ​

Login Sign Up