The Bankers Association of the Philippines (BAP) has expressed its desire to work with presumptive president Ferdinand Marcos Jr. to deal with “headwinds” facing the Philippine economy.
In a statement, BAP president Antonio “Tony” Moncupa Jr. cited “geopolitical uncertainties, inflation, and the lingering effects of the pandemic” as some of the challenges that the incoming Marcos administration will face.
“The BAP looks forward to working with the incoming administration to ensure a strong, stable, and well-functioning financial system to support the nation’s development goals,” Moncupa said.
“We wish the new administration well in meeting these challenges,” he added.
Marcos would be the first duly-elected president with a mandate from the majority, cornering over 31 million votes alongside his running mate, Davao City Mayor Sara Duterte.
Moncupa, incidentally, was one of thousands of Martial Law torture victims under the rule of Marcos’ father and namesake. He lost a bit of his finger to the beating he received as a student activist.