WILLIAM PESEK
Forbes.com
Sep 27 2022History just doesn’t seem to be Philippine President Ferdinand Marcos Jr.’s thing.
The most obvious example is how his administration, just 88 days in, is trying to whitewash his father’s disastrous 20-year reign that ended in 1986 amid a massive “people power” revolt. Now, though, Marcos is angling to rewrite far more recent history concerning his troubled economy.
In a September 23 interview with the Associated Press, Marcos said he wants to “reintroduce the Philippines” to the world and raise Manila’s profile on the international stage. The reaction from many global investors: Huh?!
Whether it be delusion or not, Marcos is glossing over how former President Benigno Aquino III already achieved that. During his 2010 to 2016 tenure, Aquino didn’t just say over and over that the one-time “sick man of Asia” is “open for business.” He proved it in ways that scored Manila’s first-ever investment grade credit ratings. READ ON…