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According to World Bank data, the Philippines' gross domestic product (GDP) quadrupled from $8 billion in 1972 to $32.45 billion in 1980, for an inflation-adjusted average growth rate of 6% per year. [40] Indeed, according to the U.S.-based Heritage Foundation, the Philippines enjoyed its best economic development since 1945 between 1972 and 1980.
Numerous books and films have prominently portrayed student activism in the Philippines during the Marcos years, including the Jose Dalisay Jr. novel "Killing Time in a Warm Place", the Lualhati Bautista novel "Dekada '70" and the Chito S. Roño film based on it, the Aureus Solito film Pisay, and the Kip Oebanda film Liway.
The Philippines achieved an investment grade rating for the first time in the first quarter of 2013. It was awarded a "BBB-" rating by Fitch Ratings because of its economy's resilience due to remittances, growth despite the global economic crisis in the last five years, VAT reforms (starting 2005), the BSP's inflation management, and in ...
First recorded use of equity release dates back to 1971. During the period between 1971 and 1991 there was no legislation regulating equity release. In 1992, a ruling under the Equitable Life Assurance Society v Hyman case ruled that the company's directors did not have unlimited power over pension investments.
On October 28, 1931, the Act No. 3827 was approved declaring the last Sunday of August as National Heroes Day. [9] As per Republic Act No. 3022, [10] April 9 is proclaimed as Bataan Day. Independence Day was changed from July 4 (Philippine Republic Day) to June 12 (Philippine Independence Day) on August 4, 1964. [11] January 1 – New Year's Day
The National Union of Students of the Philippines is an alliance of student councils in the Philippines established in 1957. [1] Advocating for democratic rights of students, it boasts about 600 member councils and is part of International Union of Students (IUS) and the Asia Pacific Youth and Students Association (ASA). [ 2 ]
Bonifacio Day was added through Philippine Legislature Act No. 2946. It was signed by then-Governor General Francis Burton Harrison in 1921. [5] On October 28, 1931, the Act No. 3827 was approved declaring the last Sunday of August as National Heroes Day. [6] January 1 – New Year's Day; February 22 – Legal Holiday; March 29 – Maundy Thursday
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