The son of late Philippine dictator Ferdinand Marcos cemented a landslide presidential election victory Tuesday, after Filipinos bet a familiar but tainted dynasty could ease rampant poverty — while dismissing warnings the clan’s return will deepen corruption and weaken democracy.
Hours after Ferdinand “Bongbong” Marcos, Jr. was showing insurmountable lead over rival Vice President Leni Robredo, Chayong Camus of JP Morgan, a Wall Street investment banker, recommended a “sell” to stock investors in the Philippine Stock Exchange. Such recommendation forebodes negative prospects of the incoming Marcos administration.
Two public officials in Basilan, the re-electionist Gov. Jim Salliman and Vice Mayor Roderick Furigay, candidate for mayor of Lamitan City, are poised to be proclaimed Tuesday, May 10.
The son of late Philippines dictator Ferdinand Marcos commanded a massive early lead in the presidential election Monday, according to an unofficial tally of results that pointed to a historic landslide victory.