MANILA (Reuters) -Philippine President Ferdinand Marcos Jr will retain his trade, finance, budget and economic planning ministers but will replace the foreign minister in an overhaul of his cabinet, his executive secretary said on Friday.

Ferdinand Marcos Jr. was elected president in 2022 and has three years remaining of his single six-year term, which concludes in 2028. In the recently concluded election, only six of the senate candidates endorsed by Marcos secured seats, a result below expectations.

The president's call follows his candidates' underwhelming performance in the midterm senate election last week.