President Ferdinand Marcos Jr is actively pursuing tighter defence and economic ties with traditional allies, most notably the US. Bloomberg
President Ferdinand Marcos Jr is actively pursuing tighter defence and economic ties with traditional allies, most notably the US. Bloomberg
President Ferdinand Marcos Jr is actively pursuing tighter defence and economic ties with traditional allies, most notably the US. Bloomberg
President Ferdinand Marcos Jr is actively pursuing tighter defence and economic ties with traditional allies, most notably the US. Bloomberg


Philippines President Ferdinand Marcos Jr has to up his game


  • English
  • Arabic

July 21, 2023

“I am here not to talk about the past; I am here to tell you about our future,” declared Ferdinand Marcos Jr during his inauguration as the Philippines’ 17th president last year. “No looking back in anger nor nostalgia, ” he added, emphasising his commitment to transcending some highly polarising elections that tested the very foundations of the country’s democracy.

Eager to strike a conciliatory tone, the namesake son of the former Philippine leader underscored his commitment to “seek, not scorn dialogue” since he is “open to suggestions coming from hard-thinking” Filipinos.

Not too dissimilar from his father, however, Mr Marcos Jr also promised a new era of economic prosperity and food security on the back of a “comprehensive infrastructure plan” and a whole host of ambitious projects. But crucially, he made it clear that “six years could be just about enough time”, ruling out the possibility of extending his tenure beyond the constitutionally mandated single term for Filipino leaders.

In his first year in office, the president consciously pursued a middle course that has defied his staunchest sceptics and his most avid supporters. The upshot is not only a mixed bag of major gains on the foreign policy front and relatively stable macroeconomic management amid difficult global conditions, but also a dearth of initiatives to address the Philippines’ human rights and corruption issues.

After spending decades on the political margins, the Marcoses have orchestrated a significant comeback in recent years. After quietly securing a seat in the Senate during the 2010 election without much fanfare, Mr Marcos Jr came close to winning the vice presidency in the 2016 election.

Mr Marcos Jr and Sara Duterte, daughter of former president Rodrigo Duterte, managed to win the top two offices in the land with the highest margins in contemporary Philippine history. That fateful alliance, however, brought its own set of challenges. Reuters
Mr Marcos Jr and Sara Duterte, daughter of former president Rodrigo Duterte, managed to win the top two offices in the land with the highest margins in contemporary Philippine history. That fateful alliance, however, brought its own set of challenges. Reuters

Over the next six years, he legally challenged his narrow defeat to opposition leader, Leni Robredo, while plotting his presidential bid for 2022. After months of intense negotiations, the Marcoses managed to build a vital alliance with Davao City Mayor Sara Duterte – daughter of Rodrigo Duterte, the president at the time. The result was the “UniTeam” Marcos-Duterte ticket, which won an emphatic victory in last year’s election.

Mr Marcos Jr and Ms Duterte managed to win the top two offices of the land with the highest margins in contemporary Philippine history. That fateful alliance, however, brought its own set of challenges.

Mr Marcos Jr had to share power with key allies through the distribution of top cabinet positions. These figures expected him to also continue former president Duterte’s signature policies, namely an aggressive war on drugs and to improve relations with a rising China. To make matters even more difficult, Mr Marcos Jr also inherited a severely weakened economy, largely thanks to five quarters of recession under the Duterte administration and the fiscal ravages of the Covid-19 pandemic.

Early on, however, the new president exhibited a significant degree of independent-minded leadership. Despite an earlier understanding, he rejected the Dutertes’ request for key cabinet positions, most notably defence. Instead, Mr Marcos Jr appointed highly respected veterans to run the most sensitive departments.

On the economic front, he appointed top technocrats, including those who worked under the liberal-reformist administrations of the past. To help address the country’s food security crisis, he himself took over the Department of Agriculture, which has suffered from decades of neglect and corruption.m

Marcos Jr has ended his first year in office with high approval ratings, while preventing a full-blown confrontation with other major centres of power

Meanwhile, he backed his cousin Martin Romualdez’s bid to become Speaker of the House of Representatives – much to the annoyance of another ally, former president Gloria Macapagal Arroyo.

Just a few months into office, the president upped the ante by radically altering the Philippines’ foreign policy direction. He adopted a more critical stance towards Beijing by emphasising an uncompromising position on South China Sea disputes. Crucially, he is pursuing tighter defence and economic ties with traditional allies, most notably the US. This marked a major departure from the Duterte days, when Manila repeatedly threatened to sever its century-old alliance with Washington.

Mr Marcos Jr, who has vowed to pursue a more independent foreign policy, will also have to navigate intensifying Sino-American rivalry in the region. For instance, he will soon have to decide how much of an American military presence in the Philippines he will allow under the Enhanced Defence Co-operation Agreement with the US.

This is an extremely crucial decision, since China has warned the Philippines against expanded security co-operation with the Pentagon, especially near the South China Sea and Taiwan. And with the Philippine economy slowing down, Mr Marcos Jr will also need to introduce more decisive reforms as well as major development projects to keep unemployment and poverty under check.

Much to the annoyance of the Dutertes, Mr Marcos Jr has also promised to address the country’s drug and crime problems with a more humane approach that emphasises rehabilitation over violent deterrence.

Through a package of policy pivots, he sought to not only “reintroduce” his country to the world, but also fully rehabilitate his controversial family’s image in the eyes of the international community. As for his technocrats, they were largely successful in shepherding the economy over the past year, with inflation and unemployment kept under control in spite of a global commodity crisis.

But Mr Marcos Jr proved less successful on other fronts. He shunned the Philippines’ endemic corruption problem altogether. He has yet to end the country’s culture of impunity, with extrajudicial killings and assassination attempts on top media figures. The president has also opposed efforts by the International Criminal Court to investigate thousands of unexplained deaths during the Duterte-era drug war.

More troublingly, Mr Marcos Jr is also grappling with ugly factionalism that is undermining his governing coalition. Over the past year, the president dismissed more than half a dozen cabinet members, including his former chief of staff. More recently, his top allies were engaged in open conflict, especially after Mr Romualdez, the House Speaker, demoted Ms Arroyo, currently a congresswoman, in the ranks of the congressional leadership. In response, Vice President Duterte resigned from the governing party and began publicly criticising Mr Romualdez, the president’s de facto right-hand man.

Nevertheless, Mr Marcos Jr has ended his first year in office with a high approval rating of 62 per cent, according to a Manila-based firm, while preventing a full-blown confrontation with other major centres of power. Even former president Duterte has praised his successor’s tenure, so far.

If anything, he has also managed to win over more than a few opposition figures, who have welcomed his more moderate and traditional approach. No less than Manuel Roxas, a top reformist politician and once-liberal standard-bearer, could potentially join his cabinet in the future.

While Mr Marcos Jr can look back on his first year in office as a political honeymoon, he will have to significantly up his game if he is to survive and secure a positive legacy. His second year, which sets the stage for 2025 midterm election, may well be his most crucial yet.

ICC Intercontinental Cup

UAE squad Rohan Mustafa (captain), Chirag Suri, Shaiman Anwar, Rameez Shahzad, Mohammed Usman, Adnan Mufti, Saqlain Haider, Ahmed Raza, Mohammed Naveed, Imran Haider, Qadeer Ahmed, Mohammed Boota, Amir Hayat, Ashfaq Ahmed

Fixtures Nov 29-Dec 2

UAE v Afghanistan, Zayed Cricket Stadium, Abu Dhabi

Hong Kong v Papua New Guinea, Sharjah Cricket Stadium

Ireland v Scotland, Dubai International Stadium

Namibia v Netherlands, ICC Academy, Dubai

The specs: 2018 Jeep Compass

Price, base: Dh100,000 (estimate)

Engine: 2.4L four-cylinder

Transmission: Nine-speed automatic

Power: 184bhp at 6,400rpm

Torque: 237Nm at 3,900rpm

Fuel economy, combined: 9.4L / 100km

Business Insights
  • As per the document, there are six filing options, including choosing to report on a realisation basis and transitional rules for pre-tax period gains or losses. 
  • SMEs with revenue below Dh3 million per annum can opt for transitional relief until 2026, treating them as having no taxable income. 
  • Larger entities have specific provisions for asset and liability movements, business restructuring, and handling foreign permanent establishments.
The five pillars of Islam

1. Fasting

2. Prayer

3. Hajj

4. Shahada

5. Zakat 

UAE currency: the story behind the money in your pockets

Heather, the Totality
Matthew Weiner,
Canongate 

What is Folia?

Prince Khaled bin Alwaleed bin Talal's new plant-based menu will launch at Four Seasons hotels in Dubai this November. A desire to cater to people looking for clean, healthy meals beyond green salad is what inspired Prince Khaled and American celebrity chef Matthew Kenney to create Folia. The word means "from the leaves" in Latin, and the exclusive menu offers fine plant-based cuisine across Four Seasons properties in Los Angeles, Bahrain and, soon, Dubai.

Kenney specialises in vegan cuisine and is the founder of Plant Food Wine and 20 other restaurants worldwide. "I’ve always appreciated Matthew’s work," says the Saudi royal. "He has a singular culinary talent and his approach to plant-based dining is prescient and unrivalled. I was a fan of his long before we established our professional relationship."

Folia first launched at The Four Seasons Hotel Los Angeles at Beverly Hills in July 2018. It is available at the poolside Cabana Restaurant and for in-room dining across the property, as well as in its private event space. The food is vibrant and colourful, full of fresh dishes such as the hearts of palm ceviche with California fruit, vegetables and edible flowers; green hearb tacos filled with roasted squash and king oyster barbacoa; and a savoury coconut cream pie with macadamia crust.

In March 2019, the Folia menu reached Gulf shores, as it was introduced at the Four Seasons Hotel Bahrain Bay, where it is served at the Bay View Lounge. Next, on Tuesday, November 1 – also known as World Vegan Day – it will come to the UAE, to the Four Seasons Resort Dubai at Jumeirah Beach and the Four Seasons DIFC, both properties Prince Khaled has spent "considerable time at and love". 

There are also plans to take Folia to several more locations throughout the Middle East and Europe.

While health-conscious diners will be attracted to the concept, Prince Khaled is careful to stress Folia is "not meant for a specific subset of customers. It is meant for everyone who wants a culinary experience without the negative impact that eating out so often comes with."

UAE currency: the story behind the money in your pockets
Updated: July 21, 2023, 11:30 AM`