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There are urban legends in the Philippines purporting supposed inventions by Filipinos. These assertions are presented as facts in some academic textbooks in history and science used by Filipino students, as well as social media, to promote Filipino exceptionalism. [61] Fluorescent lamp, said to be invented by a certain Agapito Flores.
The economic history of the Philippines is shaped by its colonial past, evolving governance, and integration into the global economy. Prior to Spanish colonization in the 16th century, the islands had a flourishing economy centered around agriculture, fisheries, and trade with neighboring countries like China, Japan, and Southeast Asia.
The economy of the Philippines is an emerging market, and considered as a newly industrialized country in the Asia-Pacific region. [31] In 2025, the Philippine economy is estimated to be at ₱29.66 trillion ($507.6 billion), making it the world's 31st largest by nominal GDP and 11th largest in Asia according to the International Monetary Fund .
Presently, they are into small-scale entrepreneurship and in education. There are also about 30 or so Filipino Cantonese associations in the Philippines, such as the Baguio Filipino Cantonese Association CAR (BFCA-CAR), which was merged from The Baguio Cantonese Association and the Brotherhood of Filipino-Cantonese Mestizos during 1999. [56]
Micro businesses in the Philippines can be defined according to the size of assets, size of equity capital, and number of employees. A typical micro business is a business that employs nine people or fewer, with assets of ₱3 million and below. In the Philippines, about 90 percent of all businesses are categorized as micro businesses.
Reese Fernandez-Ruiz (born 1985) is a Filipino social entrepreneur and President and Founding Partner of Rags2Riches, a sustainable fashion enterprise established in 2007. [1] The company aims to empower Philippine-based artisans , fashion and home products that follow environmental ethics principles, and alleviate poverty in Payatas , Quezon ...
He was born to Chan Lib and See Ying who emigrated to the Philippines. [6] His parents established Liwayway Marketing as a supplier of starch, flour and coffee. His brother, Carlos would expand the family business to include snack foods founding Liwayway Marketing China a company which produces Oishi products. Chan himself would learn interior ...
The cultural achievements of pre-colonial Philippines include those covered by the prehistory and the early history (900–1521) of the Philippine archipelago's inhabitants, the pre-colonial forebears of today's Filipino people. Among the cultural achievements of the native people's belief systems, and culture in general, that are notable in ...