Philippines Location : Southeastern Asia, archipelago between the Philippine Sea and the South China Sea, east of Vietnam Capital City : Manila Curreny : Philippine peso (PHP) Languages Spoken : two official languages - Filipino (based on Tagalog) and English; eight major dialects - Tagalog, Cebuano, Ilocan, Hiligaynon or Ilonggo, Bicol, Waray, Pampango, and Pangasinense Climate : tropical marine; northeast monsoon (November to April); southwest monsoon (May to October) National Holiday : Independence Day (from Spain), 12 June (1898); note - 12 June 1898 is the date of independence from Spain, 4 July 1946 is the date of independence from the US Background Information The Philippines were ceded by Spain to the US in 1898 following the Spanish-American War. They attained their 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 Marcos' removal by "people power." 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 ongoing Muslim insurgencies in the south. Geographical Note favorably located in relation to many of Southeast Asia's main water bodies: the South China Sea, Philippine Sea, Sulu Sea, Celebes Sea, and Luzon Strait 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% in 1999 and 4% in 2000. The government has promised to continue its economic reforms to help the Philippines match the pace of development in the newly industrialized countries of East Asia. The strategy includes improving infrastructure, overhauling the tax system to bolster government revenues, furthering deregulation and privatization of the economy, and increasing trade integration with the region. Prospects for 2002 depend heavily on the economic performance of two major trading partners, the US and Japan. Religions Roman Catholic 83%, Protestant 9%, Muslim 5%, Buddhist and other 3% Ports : Batangas, Cagayan de Oro, Cebu, Davao, Guimaras Island, Iligan, Iloilo, Jolo, Legaspi, Manila, Masao, Puerto Princesa, San Fernando, Subic Bay, Zamboanga International Disputes - Risks to travellers : Sultanate of Sulu granted Philippines Government power of attorney to pursue his sovereignty claim over Malaysia's Sabah State, to which the Philippines have not fully revoked their claim; involved in a complex dispute over the Spratly Islands with China, Malaysia, Taiwan, Vietnam, and possibly Brunei
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