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Philippines Flag

Philippines Flag
Flag of Philippines
Philippines flags for displaying indoors or out.
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Philippines Background

The Philippines were ceded by Spain to the US in 1898 following the Spanish-American War. They attained independence in 1946 after Japanese occupation in World War II. The 21-year rule of Ferdinand MARCOS ended in 1986, when a widespread popular rebellion forced him into exile. In 1992, the US closed its last military bases on the islands. The Philippines has had two electoral presidential transitions since the removal of MARCOS. In January 2001, the Supreme Court declared Joseph ESTRADA unable to rule in view of mass resignations from his government and administered the oath of office to Vice President Gloria MACAPAGAL-ARROYO as his constitutional successor. The government continues to struggle with Muslim insurgencies in the south.

Philippines Economy

In 1998, the Philippine economy - a mixture of agriculture, light industry, and supporting services - deteriorated as a result of spillover from the Asian financial crisis and poor weather conditions. Growth fell to 0.6% in 1998 from 5% in 1997, but recovered to about 3.3% in 1999, 4.5% in 2000, and 4.5% in 2001. In 2002, the Philippines recorded GDP growth of 4.4% but also incurred a record budget deficit. As a result, the Philippines is burdened with a public sector debt equal to more than 100% of GDP. Growth eased to 3.8% in 2003. The government has promised economic reforms including going forward with privatization, reforming the tax system, and promoting additional trade integration within its region. Considerable drive is required to update the educational system and the road network.

Philippines Location

Southeastern Asia, archipelago between the Philippine Sea and the South China Sea, east of Vietnam

Philippines Flag

two equal horizontal bands of blue (top) and red with a white equilateral triangle based on the hoist side; in the center of the triangle is a yellow sun with eight primary rays (each containing three individual rays) and in each corner of the triangle is a small yellow five-pointed star

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