Stock Market Cafe
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
No Result
View All Result
Stock Market Cafe
No Result
View All Result
Home Trading News

Philippine President Duterte will step down next year. Here are his potential successors

by
November 30, 2021
in Trading News
0
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter

RELATED POSTS

Senators call on former Silicon Valley Bank, Signature Bank CEOs to testify

Ford’s EV business lost $2 billion in 2022, offset by big profits in fleet and legacy units

Philippine President Rodrigo Duterte in Manila on October 8, 2021. Duterte’s six-year term in the top office ends next year, and he has filed to run for a senate seat in the May 2022 elections.

Aaron Favila | AFP | Getty Images

Philippine voters will head to the polls in May 2022 to elect a successor to President Rodrigo Duterte, whose six-year term in the country’s top office is coming to an end.

Duterte, who sought closer ties with China for most of his term, is prohibited by the Philippine constitution from seeking a second term. The president has set his eyes on a different political office, filing his candidacy for a senate seat in next year’s general elections.

Still, much of the attention on the Philippine elections would fall on the presidential race, which analysts said remains wide open. Campaigning for national positions — which include the presidency and senate — will start in February.

Dozens registered to run for the Philippine presidency, including the current vice president, the son of a former dictator and a retired boxing champion.

Notably absent is Duterte’s daughter, Sara Duterte-Carpio, who led opinion polls as the preferred presidential candidate. She instead registered for the vice-presidential race, to the surprise of many observers.

While Duterte had endorsed current senator and loyalist Christopher “Bong” Go, his daughter had backed a different candidate. On Tuesday, Go announced he was withdrawing from the presidential race. He initially filed to run for vice president before withdrawing to run for the top job.

Here are the presidential candidates to watch:

Ferdinand ‘Bongbong’ Marcos Jr.

Ferdinand “Bongbong” Marcos Jr. is the son and namesake of late dictator Ferdinand Marcos, whose 1972-1986 regime was characterized by martial law and synonymous with arbitrary arrests, detention, disappearances, as well as extrajudicial killings.

In an October survey conducted by pollster Social Weather Stations, Marcos Jr. was the most preferred presidential candidate with 47% of respondents picking him.

Former Senator Ferdinand “Bongbong” Marcos Jr., son of the late dictator Ferdinand Marcos, speaks to the media after filing his candidacy to join the 2022 presidential race, at Sofitel Harbor Garden Tent on October 06, 2021 in Pasay, Metro Manila, Philippines.

Rouelle Umali | Getty Images News | Getty Images

A Marcos Jr. presidency would offer broad continuity on economic policy, promote foreign direct investments and emphasize infrastructure development, said Peter Mumford, practice head for South and Southeast Asia at risk consultancy Eurasia Group.

But compared with Duterte, he’s likely to pursue “more balanced ties” with the U.S. and China, Mumford wrote in a recent report.

Marcos Jr. and Duterte-Carpio agreed to be running mates in the elections, even though the president and vice president are elected separately in the Philippines.

But Duterte has reportedly said that he would not support Marcos Jr.

Leni Robredo

Leni Robredo is the sitting vice president after narrowly beating Marcos Jr. for the position in the 2016 elections. But she has no say in the Duterte government after resigning from her cabinet position in December 2016.

A human rights lawyer, Robredo has been a staunch critic of Duterte’s drug war which has killed thousands of people.

Philippine Vice President Leni Robredo at a press conference to announce she will run in the 2022 presidential race, in Quezon City on October 7, 2021.

Maria Tan | AFP | Getty Images

Robredo has “carved herself as the genuine anti-Duterte candidate,” said Aries Arugay, visiting fellow at think tank ISEAS-Yusof Ishak Institute and political science professor at the University of the Philippines Diliman.

“If some do not really like the changes that have happened under the Duterte administration, then Leni Robredo provides that comfort or that idea that Philippine politics could be normalized post-Duterte 2022,” Arugay said earlier this month at a webinar organized by think tank Center for Strategic and International Studies.

In the October survey by Social Weather Stations, 18% of respondents chose Robredo as their preferred presidential candidate — second only to Marcos. Jr.

Francisco ‘Isko Moreno’ Domagoso

Francisco “Isko Moreno” Domagoso is the mayor of Philippine capital city Manila and a former actor.

As mayor of Manila, Domagoso — who’s better known by his screen name Isko Moreno — reportedly focused on reducing crime and cleaning up the streets. He also earned praise for building affordable housing for the poor.

Manila City Mayor Francisco “Isko Moreno” Domagoso delivers his State of the City Address at Manila City Hall on July 15, 2021 in Manila, Philippines.

Ezra Acayan | Getty Images

Fitch Solutions said Domagoso would likely campaign on the notion of a “big tent” government that seeks to include different groups and viewpoints. That could mean maintaining some of Duterte’s policies, but discontinuing others such as closer ties with China, said the consultancy.

Manny Pacquiao

Manny Pacquiao is one of the greatest boxers of all time and the only man to hold world titles in eight different divisions. He retired from boxing in September to run for the Philippine presidency.

Manny Pacquiao of the Philippines (C) celebrates after defeating Oscar de la Hoya of the U.S. during their welterweights showdown at the MGM Grand Garden Arena in Las Vegas, Nevada, on December 6, 2008.

Jewel Samad | AFP | Getty Images

He’s also a two-term congressman and currently a senator. He was leader of the ruling party PDP-Laban, but was ousted in July after challenging Duterte over his position on China and record on fighting corruption, reported Reuters.

Pacquiao has vowed to fight corruption and poverty.

ShareTweetPin

Related Posts

Senators call on former Silicon Valley Bank, Signature Bank CEOs to testify

by
March 23, 2023
0

In this article SBNYSIVB Follow your favorite stocksCREATE FREE ACCOUNT U.S. Sen. Sherrod Brown (D-OH) speaks to members of the...

Ford’s EV business lost $2 billion in 2022, offset by big profits in fleet and legacy units

by
March 23, 2023
0

In this article F Follow your favorite stocksCREATE FREE ACCOUNT The badge of a Ford Motor Co. E-Transit electric vehicle...

Retirement vs. emergency savings: How to prioritize in a shaky economy

by
March 23, 2023
0

Jamie Grill | Getty Images When you're on a tight budget, It can be tough to decide between contributing to...

These beaten-down bank stocks have strong deposit bases and are well liked by analysts

by
March 23, 2023
0

Bank stocks have been pummeled in recent weeks amid the ongoing crisis centered around regional banks -- but Wall Street...

Request for Bragg’s testimony on Trump probe is ‘unprecedented,’ Manhattan DA’s office tells GOP

by
March 23, 2023
0

District Attorney Alvin Bragg arrives at the office of District Attorney, after a message was posted on the Truth Social...

Next Post

There's a New Way to Convert Your 401(k) into a Pension-like Stream of Income

Dow futures reverse sharply, drop about 400 points on omicron Covid uncertainty

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

email

Get the daily email about stock.

Please Enter Your Email Address:

By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

MOST VIEWED

  • Crocs sees fourth-quarter sales up 42%, CEO Andrew Rees says 2021 was ‘exceptional year’

    0 shares
    Share 0 Tweet 0
  • Biden didn’t accept Putin’s ‘red lines’ on Ukraine – here’s what that means

    0 shares
    Share 0 Tweet 0
  • The states that won’t tax military retirement in 2022

    0 shares
    Share 0 Tweet 0
  • Buying a car from the factory sounds expensive, but it can actually save you money. Here’s how to do it.

    0 shares
    Share 0 Tweet 0
  • Roth TSP vs. Roth IRA: How Do They Compare?

    0 shares
    Share 0 Tweet 0
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
All rights reserved by www.stockmarket-cafe.com
No Result
View All Result
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy

All rights reserved by www.stockmarket-cafe.com