Oligarchy
The Philippines

During the Presidency of Ferdinand Marcos from 1965 to 1986, several monopolies arose in the Philippines, primarily linked to the Marcos family and their close associates. Analysts have described this period, and even subsequent decades, as an era of oligarchy in the Philippines.

President Rodrigo Duterte, elected in 2016, promised to dismantle the oligarchy during his presidency. However, corporate oligarchy persisted throughout his tenure. While Duterte criticized prominent tycoons such as the Ayalas and Manny Pangilinan, corporate figures allied with Duterte, including Dennis Uy of Udenna Corporation, benefitted during his administration.
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