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

UPDATE 2-Philippines starts new era of Marcos rule, decades after overthrow

June 30, 2022By Reuters
Related Articles
Oil down 1%, US debt caution offsets supply worries May 22, 2023 Stocks climb as debt ceiling deal optimism grows May 18, 2023 Philippines sells re-issued 2029 T-bonds at higher yield of 6.740% June 14, 2022

“I will get it done,” Marcos says

Promises economic reforms, to heal divisions

Protesters say must guard against false narratives

Recasts, adds more Marcos quotes, protests, reaction

By Karen Lema and Neil Jerome Morales

MANILA, June 30 (Reuters) – Ferdinand Marcos, the son of the Philippine ruler overthrown in a popular uprising 36 years ago, was sworn in as the country’s president on Thursday, promising to strive for unity and a better future while praising his late father’s legacy.

Marcos, 64, won last month’s election in a landslide, capping off his wealthy family’s decades-long quest to regain the presidency and transform its image after it was driven out in 1986. nL2N2X00JH nL3N2X13YT

“We are here to repair a house divided, to make it whole and to stand strong again,” he said in an inauguration speech that echoed his campaign slogans of unity.

In a rousing, 30-minute address with sister Imee, a senator, and mother Imelda, a former congresswoman, seated nearby, Marcos Jr thanked voters for giving him “the biggest electoral mandate in the history of Philippine democracy”, and said the country would go far on his watch.

The elder Ferdinand Marcos ruled for two decades from 1965, almost half of it under martial law, helping him to extend his power until his overthrow and his family’s retreat into exile during a “people power” revolution.

Thousands of his opponents were jailed, killed or disappeared during his rule, and the family name became synonymous with cronyism, extravagance and billions of dollars of missing state wealth. The Marcos family denies embezzlement.

“I am here not to talk about the past. I am here to tell you about our future,” Marcos Jr said before thousands of cheering supporters, waving flags, and wearing red, a colour associated with his father.

“No looking back in anger or nostalgia.”

Marcos Jr, who closely resembles his late father, defended his father’s legacy and said he would emulate his achievements.

“I once knew a man who saw what little had been achieved since independence … but he got it done. Sometimes with the needed support, sometimes without, so, will it be with his son. You will get no excuses from me,” he said.

Marcos took his oath at the heavily guarded National Museum, once a legislative building that witnessed frequent demonstrations against his father’s presidency.

‘REJECT, MARCOS’

Close by, hundreds protested against Marcos, angered by a campaign his critics say relied heavily on social media to win votes by debunking narratives of Marcos-era abuses and decadence and offering alternative versions of history.

Carrying banners saying “Reject, Marcos” they gathered at the Plaza Miranda, where some of his father’s opponents were killed and injured in a bombing blamed on communists.

Marcos campaigned on the slogan “together, we shall rise again”, invoking nostalgia for his father’s rule, which his family and supporters have portrayed as a golden age for the Philippines.

At a heroes’ monument, victims of persecution under martial law gathered for their own oath-taking, promising to guard against what they called tyranny and lies.

“The survivors are a vanishing breed, if not an endangered species and the time to correct falsehoods and lay bare the truth is now,” said Cristina Bawagan, who said she suffered abuse under the elder Marcos’ rule.

His son has pledged to deliver jobs and bring down consumer prices in a country of 110 million people, nearly a quarter of whom live on less than $2 per day.

He said he would not disappoint the public and would improve food sufficiency, education, infrastructure and energy supply, tackle plastics pollution and better support millions of overseas Filipino workers.

“I am ready for the task,” he said. “I will get it done.”

FACTBOX-Key figures in Philippine President Marcos’ new administrationnL4N2YG1DF

EXPLAINER-Hurdles ahead as Philippines’ Marcos begins six-year presidencynL4N2YE1C5

Marcos, son of strongman, triumphs in Philippines presidential electionnL2N2X00JH

Philippines election win returns Marcos to power, and polarisationnL3N2X13YT

GRAPHIC-Philippines returns to Marcos rule https://tmsnrt.rs/3y6r6M9

Fall and rise: Marcos family back in power in the PhilippinesnL3N2X12D7

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

EXPLAINER-What will a Marcos presidency in the Philippines look like?nL3N2X2290

FEATURE-‘Our blood is boiling’: Victims angry as son of dictator closes in on Philippine presidencynL2N2WX12V

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

(Additional reporting by Peter Blaza; Editing by Martin Petty, Michael Perry and Alison Williams)

((karen.lema@thomsonreuters.com; +632 841-8938))

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 Model Portfolio
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