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In 2014, TIPCO reportedly was the largest paper company in the Philippines, having an annual production capacity of 230,000 MT for paper-based products including newsprint and writing paper. [ 7 ] In 2020, due to lessened global demand due caused by the COVID-19 pandemic , TIPCO suspended all of its production with plans to resume operation on ...
In 1987, a new Philippine constitution was drafted during a period of growing concern over the preservation of the natural environment and resources of the Philippines. [1] Section 16 of Article II of the 1987 Constitution provides the following state policy: "The State shall protect and advance the right of the people to a balanced and ...
However, in the later years, the worst recession in Philippine history occurred, with the economy contracting by 7.3% in both 1984 and 1985. [1] [5] [6] The dramatic rise and fall of the Philippine economy during this period is attributed to the Marcos administration's use of foreign loans (debt-driven as opposed to productivity-driven growth ...
Nina at peak intensity while approaching the Philippines. November 11 – Polytechnic University of the Philippines president Nemesio Prudente is wounded in a gun attack wherein the university attorney, Alex Marteja, is killed. Prudente would be wounded in another attack in June 1988.
National Printing Office (NPO) is one of 3 Recognized Government Printers in the Philippines (together with Bangko Sentral ng Pilipinas and the Apo Production Unit). It was first established in 1901 as the Philippine Bureau of Printing.
The Philippine economy is the world's 34th largest, with an estimated 2023 nominal gross domestic product of US$435.7 billion. [13] As a newly industrialized country, [375] [376] the Philippine economy has been transitioning from an agricultural base to one with more emphasis on services and manufacturing.
The Philippines was among these countries and was not exempted from the negative economic consequences. [32] [33] The period is sometimes erroneously described as a golden age for the country's economy. [34] [35] However, by the period's end, the country was experiencing a debt crisis, extreme poverty, and severe underemployment.
The Mendiola massacre was an incident that took place on Mendiola Street, San Miguel, Manila, Philippines on January 22, 1987, in which state security forces under President Corazon Aquino violently dispersed a farmers' march to Malacañang Palace in protest for the lack of government action on land reform.