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Jun 30, 2022

The Philippines has a new president. What are his plans for the economy?

From the BBC World Service: Ferdinand Marcos Jr., son of the late dictator ousted over 30 years ago, has taken office as president of the Philippines after a landslide victory. But his plans to boost his country’s beleaguered economy remain hazy. A new parliamentary report in the U.K. says the government has been complacent in enforcing financial sanctions against Russia. And data released this week from Australia’s national census show that home ownership remains out of reach for many people.

MANILA, PHILIPPINES - JUNE 30: Ferdinand "Bongbong" Marcos Jr., together with his wife Louise "Liza" Araneta-Marcos and son Ferdinand Alexander "Sandro" Marcos, takes his oath as the next Philippine President, at the National Museum of Fine Arts on June 30, 2022 in Manila, Philippines. Ferdinand "Bongbong" Marcos Jr. took his oath as the next Philippine President on Thursday, completing a once unthinkable political revival of his family 36 years after his dictator father, Ferdinand Marcos Sr., was ousted by millions of Filipinos in a people power revolution. (Photo by Ezra Acayan/Getty Images)
MANILA, PHILIPPINES - JUNE 30: Ferdinand "Bongbong" Marcos Jr., together with his wife Louise "Liza" Araneta-Marcos and son Ferdinand Alexander "Sandro" Marcos, takes his oath as the next Philippine President, at the National Museum of Fine Arts on June 30, 2022 in Manila, Philippines. Ferdinand "Bongbong" Marcos Jr. took his oath as the next Philippine President on Thursday, completing a once unthinkable political revival of his family 36 years after his dictator father, Ferdinand Marcos Sr., was ousted by millions of Filipinos in a people power revolution. (Photo by Ezra Acayan/Getty Images)

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