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In the face of headwinds and history, Marcos will deliver a political speech



In the face of headwinds and history, Marcos will deliver a political speech

Philippine President Ferdinand Marcos Jr. will deliver his first address to the nation on Monday in the wake of his landslide election victory, but he is paralyzed by history as the son of a ousted dictator and horrendous economic headwinds.

More than 20,000 police, riot control troops and military personnel have been deployed to the gun-banning metropolitan Manila to provide an evening ceremony ahead of a joint session of Congress in the House of Representatives.

About 5,000 flag-wielding protesters were allowed to march until noon along the main road away from Congress. They put forward a range of demands, from government aid and fuel subsidies as the cost of living soared, to justice for human rights victims under Marcos Jr.’s father, the late dictator who was ousted in a 1986 uprising. “People power”.

They asked Marcos Jr. it outlined a clear roadmap for the economic hardship caused by the two-year lockdown due to the coronavirus pandemic and the global fallout from the Russian invasion of Ukraine.

“Mark Jr. must realize that he is no longer in the thick of the election campaign, where he could refuse to participate in debates and rely on empty phrases and superficial slogans,” Akbayan’s left-wing group said. “People demand clarity of vision and purpose for action.”

Executive Secretary Vic Rodriguez said last week that Marcos Jr.

Rodriguez said the president will lay out plans to prepare the country for a looming food crisis, which prompted him to temporarily become agriculture secretary, and to safely resume face-to-face classes starting next month.

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Mark Jr has received over 31 million votes out of over 55 million votes cast in the May 9th election – a stunning political turnaround and a major victory that will earn him political capital as he faces huge challenges as well as doubts stemming from your father’s decision . reputation. This was the first victory for a majority president in the Philippines in decades.

His allies also heavily dominated both houses of Congress in the elections: his cousin, Representative Martin Romualdez, was elected Speaker of the House, and another close ally, Juan Miguel Subiri, Senate President on Monday.

With the huge internal challenges he faces and the historical baggage that haunts him, Marcos Jr. is one of the most difficult leaders in the recent history of the country. His huge electoral mandate could be undermined if people don’t see significant relief from their hardships under his rule, University of the Philippines professor Jean Franco said.

“I’m not sure how long the other 31 million will stay with Marcos Jr., especially if the economic crisis continues,” Franco said, adding that the new president lacks the tough populist image that kept the ratings up. his predecessor, Rodrigo Duterte, is tall.

Mark Jr.’s father was overthrown by a largely peaceful People Power uprising in 1986 and died in 1989 while in exile in Hawaii without admitting to wrongdoing, including accusations that he, his family, and associates accumulated approximately 5 to 10 billion dollars. while in the office.

A Hawaiian court later found the elderly Marcos guilty of human rights violations and awarded $2 billion to more than 9,000 Filipinos who sued him for torture, imprisonment, extrajudicial executions and disappearances.

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But Marcos Jr., a former governor, deputy and senator, has refused to acknowledge the massive human rights violations and corruption that have marred his father’s government.

The Philippines is among the Asian countries hardest hit by the two-year-old pandemic after more than 60,000 people died and prolonged lockdowns sent the economy into the worst 2020 recession since World War II and exacerbated the country’s poverty, unemployment, hunger and indebtedness. .

As the pandemic eased earlier this year, Russia’s invasion of Ukraine fueled global inflation and raised fears of food and oil shortages.


Associated Press journalists Joel Kalupitan and Aaron Favila contributed to this report.

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The dollar continues to reflect the political scenario



The dollar continues to reflect the political scenario

Yesterday, financial agents evaluated the opposite decision of the Federal Supreme Court (STF) regarding the so-called secret budget. In addition, a decision was made by STF Minister Gilmar Méndez to issue an injunction that would exclude the Bolsa Família from the spending cap rule, with investors trying to understand how this measure would affect the processing of the transitional PEC in the Chamber of Deputies. Oh this PEC!!!!

Since he is an exchange investor, any reading that the budget will be exceeded or become more flexible will negatively affect the exchange market, whether through the PEC or in any other way. We will continue with volatility today.

Looking beyond, the US Central Bank (Fed), although slowing down the pace of monetary tightening at its December meeting, issued a tougher-than-expected statement warning that its fight against inflation was not yet over, raising fears that rising US interest rates will push the world’s largest economy into recession.

The currency market continues to react to political news. The voting on the PEC is saved for today. It is expected that it will indeed be reviewed to open the way tomorrow for discussions on the 2023 budget.

Yesterday, the spot price closed the selling day at R$5.3103.

For today on the calendar we will have an index of consumer confidence in the eurozone. Good luck and good luck in business!!

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Andrés Sánchez consults with the Ministry of Sports, but refuses a political post.



The former president of the Corinthians dreams of working for the CBF as a national team coordinator. He was consulted shortly after Lula’s election.

Former Corinthians president Andrés Sánchez was advised to take a position in the Ministry of Sports under the administration of Lula (PT). However, he ruled out a return to politics. dreams of taking over the coordination of CBF selectionHow do you know PURPOSE.

No formal invitation was made to the former Corinthian representative, only a consultation on a portfolio opportunity with the new federal government, which will be sworn in on January 1, 2023.

Andrés was the Federal MP for São Paulo from 2015 to 2019. At that time he was elected by the Workers’ Party. However, the football manager begs to stay in the sport, ruling out the possibility of getting involved in politics again.

Andrés Sanchez’s desire is to fill the position of CBF tackle coordinator, which should become vacant after the 2022 World Cup. Juninho Paulista fulfills this function in Brazil’s top football institution.

The former president of Corinthians was in Qatar to follow the World Cup along with other figures in Brazilian football. During his time in the country, he strengthened his ties with the top leadership of the CBF.

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The EU has reached a political agreement on limiting gas prices – 19.12.2022



Germany sentenced Russian to life imprisonment for political murder by order of Moscow - 12/15/2021
BRUSSELS, DECEMBER 19 (ANSA). European Union countries reached a political agreement on Monday (19) to impose a natural gas price ceiling of 180 euros per megawatt hour (MWh). The main sources of income for Russia and the minimization of the use of energy as a weapon by the regime of Vladimir Putin.

The agreement was approved by a supermajority at a ministerial meeting of member states in Brussels, Belgium, after months of discussions about the best way to contain the rise in natural gas prices in the bloc caused by Russia’s invasion of Ukraine. .

The value set by the countries is well below the proposal made by the European Commission, the EU’s executive body, in November: 275 EUR/MWh. However, the countries leading the cap campaign were in favor of an even lower limit, around 100 EUR/MWh.

Germany, always wary of price controls, voted in favor of 180 euros, while Austria and the Netherlands, also skeptical of the cap, abstained. Hungary, the most pro-Russian country in the EU, voted against.

The instrument will enter into force on 15 February, but only if natural gas prices on the Amsterdam Stock Exchange exceed 180 euros/MWh for three consecutive days. In addition, the difference compared to a number of global benchmarks should be more than 35 euros.

Italy, the EU’s biggest supporter of the ceiling, has claimed responsibility for the measure. “This is a victory for Italy, which believed and worked for us to reach this agreement,” Environment and Energy Minister Gilberto Picetto tweeted.

“This is a victory for Italian and European citizens who demand energy security,” he added.

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Currently, the gas price in Amsterdam is around 110 EUR/MWh, which is already a reflection of the agreement in Brussels – in August the figure even broke the barrier of 340 EUR/MWh.

However, Russia has already threatened to stop exports to countries that adhere to the ceiling. (ANSA).

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