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00:00HOW ARE YOU MAKING SENSE OF THE MASSIVE VICTORY? IS IT ABOUT A PUSHBACK ON WHAT IS DEEMED AS DYSFUNCTIONAL DEMOCRACY? WHAT BOOSTED HIS SUPPORT? > > I THINK ULTIMATELY PEOPLE VOTED FOR CONTINUITY OF THE POLITICS AND GOVERNANCE. THE ENDORSEMENT MADE A BIG DIFFERENCE FOR MARCOS. EVERYONE SHIFTED TO MARCO AND HE BECAME THE FRONT RUNNER AND ULTIMATELY THAT GOT HIM THE PRESIDENCY. HASLINDA: YOU TALK ABOUT HOW HE REPRESENTS CONTINUITY OF CHINESE POLICIES, BUT PEOPLE WANT CHANGE. > > RIGHT. HE HAS SHIED AWAY FROM PARTICIPATING IN PUBLIC DEBATES FOR STRATEGIC REASONS. HE JUST WANTS TO HARP ON THE MESSAGE OF UNITY WHICH WORKED WELL. HE IS ON TRACK TO DOUBLE WHAT HE GOT IN THE LAST ELECTION AND THE STRATEGY WORKED WELL. REPORTER: HOW DESTRUCTIVE WILL THE TRANSITION BE COMPARED TO [INDISCERNIBLE] COMING TO POWER FOR INVESTORS IN THE COUNTRY? > > FOREIGN INVESTORS IN THE COUNTRY WILL WAIT AND SEE. THEY HAVE CONCERNS OVER WHAT POLICIES WOULD COME FROM THE ADMINISTRATION BUT I THINK WE EXPECT MARCOS TO BE RISK AVERSE AND SEEK CONSENSUS FROM THE POLITICAL COALITION THAT MADE HIM PRESIDENT, INCLUDING OTHER PARTS OF THE GOVERNMENT AND PAST ADMINISTRATIONS. I THINK THAT WILL CONSTRAIN TEMPTATIONS FOR ACCESS AND IN SOME WAYS THAT WILL BE ENCOURAGING FOR FOREIGN INVESTORS. ALSO I THINK HE WOULD REACT POSITIVELY TO THE FACT THAT THIS WAS A CLEAR CUT WHEN HIM. THERE WAS NO DISPUTE. IT WAS NOT A CLOSE ELECTION. SO I THINK MARKETS WILL REACT POSITIVELY TO THAT. I THINK THE DIRECTION IS SET AND THE MARKETS WILL FOLLOW WHAT COMES NEXT. > > A LESSENING WHEN IT COMES TO THE DISRUPTION IS SOMETHING BUSINESSES CAN COME TO FROM. WHERE MIGHT WE SEE DISLOCATION FROM THE EXISTING LANDSCAPE? > > I THINK IN MANY WAYS MARKETS WON ' T BE AS -- MARCOS WILL NOT BE AS DISRUPTIVE. AT ONE POINT WARNED THUGS THREATENS TO SEVER TIES WITH THE U.S. AND THAT SENT SHOCKWAVES THROUGH THE BUSINESS COMMUNITY. I THINK MARCOS WON ' T FOLLOW THAT LEAD. HE WILL BE HANDS OFF AND LEAD ECONOMIC MANAGEMENT TO THE EXPERT, UP POINT REP GIVE -- A POINT REPUTABLE PEOPLE IN HIS TEAM. > > THE GPS COME -- THE GDP RATIO HAS BEEN ESCALATING. HOW DO YOU SEE HIS GOVERNMENT DEALING WITH THAT? > > RISING NATIONAL DEBT WHICH REACHED HIGH THIS YEAR WILL BE A HUGE LIMIT TO HIS AMBITION. AT THE ONSET I THINK BECAUSE OF MARKET CONCERNS HE WILL ANNOUNCE ECONOMIC RECOVERY PACKAGE, INCREASE STATE SPENDING, TAX BREAKS, BUT THEY ARE WOULD BE LONG TERM

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Control Risks' Aw on Philippines Election

Dereck Aw, Senior Analyst at Control Risks, discusses his outlook for the Philippines as Ferdinand Marcos Jr. leads country's presidential race. He speaks with Haslinda Amin, Shery Ahn and Haidi Stroud-Watts on 'Bloomberg Daybreak: Asia'. (Source: Bloomberg)

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