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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 Philippines' exports income had begun growing in the early 1970s due to an increased global demand for raw materials, including coconut and sugar, [1] [15] and the increase in global market prices for these commodities coincided with the declaration of martial law, allowing GDP growth to peak at nearly 9 percent in the years immediately ...
The history of the Philippines dates from the earliest hominin activity in the archipelago at least by 709,000 years ago. [1] Homo luzonensis, a species of archaic humans, was present on the island of Luzon [2] [3] at least by 134,000 years ago. [4] The earliest known anatomically modern human was from Tabon Caves in Palawan dating about 47,000 ...
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S&R Membership Shopping was established in 2001 as S&R PriceSmart, a franchise of the American membership-only warehouse club chain PriceSmart. [1] [2] The name "S&R" stands for American businessmen Sol and Robert Price, founders of Price Club and PriceSmart. [1]
November 7 – President Ferdinand Marcos issues Presidential Decree 824 creating the Metropolitan Manila Commission (MMC). It integrates the city of Manila and adjacent Quezon City with the cities of Pasay and Caloocan and municipalities of Makati, Mandaluyong, San Juan, Las Piñas, Malabon, Navotas, Pasig, Pateros, Parañaque, Marikina, Muntinlupa, and Taguig from the province of Rizal and ...
The Negros famine took place on Negros island in the Philippines in the mid-1980s, during the waning days of the Marcos dictatorship. [1] [2] It was a key moment in the history of sugar production in the Philippines, as well as the broader political history of the Philippines.
This article covers the history of the current Philippine republican state following the 1986 People Power Revolution, known as the Fifth Philippine Republic.. The return of democracy and government reforms beginning in 1986 were hampered by national debt, government corruption, coup attempts, disasters, a persistent communist insurgency, [1] and a military conflict with Moro separatists. [2]