Philippines

The Philippine Islands became a Spanish colony during the 16th century; they were ceded to the US in 1898 following the Spanish-American War. In 1935 the Philippines became a self-governing commonwealth. Manuel QUEZON was elected President and was tasked with preparing the country for independence after a 10-year transition. In 1942 the islands fell under Japanese occupation during WWII, and US forces and Filipinos fought together during 1944-45 to regain control.

On 4 July 1946 the Philippines attained their independence. The 21-year rule of Ferdinand MARCOS ended in 1986, when a widespread popular rebellion forced him into exile and installed Corazon AQUINO as president. Her presidency was hampered by several coup attempts, which prevented a return to full political stability and economic development. Fidel RAMOS was elected president in 1992 and his administration was marked by greater stability and progress on economic reforms.

In 1992, the US closed its last military bases on the islands. Joseph ESTRADA was elected president in 1998, but was succeeded by his vice-president, Gloria MACAPAGAL-ARROYO, in January 2001 after ESTRADA's stormy impeachment trial on corruption charges broke down and widespread demonstrations led to his ouster. MACAPAGAL-ARROYO was elected to a six-year term in May 2004. The Philippine Government faces threats from armed communist insurgencies and from Muslim separatists in the south.

79 provinces and 116 chartered cities

: provinces: Abra, Agusan del Norte, Agusan del Sur, Aklan, Albay, Antique, Apayao, Aurora, Basilan, Bataan, Batanes, Batangas, Biliran, Benguet, Bohol, Bukidnon, Bulacan, Cagayan, Camarines Norte, Camarines Sur, Camiguin, Capiz, Catanduanes, Cavite, Cebu, Compostela, Davao del Norte, Davao del Sur, Davao Oriental, Eastern Samar, Guimaras, Ifugao, Ilocos Norte, Ilocos Sur, Iloilo, Isabela, Kalinga, Laguna, Lanao del Norte, Lanao del Sur, La Union, Leyte, Maguindanao, Marinduque, Masbate, Mindoro Occidental, Mindoro Oriental, Misamis Occidental, Misamis Oriental, Mountain Province, Negros Occidental, Negros Oriental, North Cotabato, Northern Samar, Nueva Ecija, Nueva Vizcaya, Palawan, Pampanga, Pangasinan, Quezon, Quirino, Rizal, Romblon, Samar, Sarangani, Siquijor, Sorsogon, South Cotabato, Southern Leyte, Sultan Kudarat, Sulu, Surigao del Norte, Surigao del Sur, Tarlac, Tawi-Tawi, Zambales, Zamboanga del Norte, Zamboanga del Sur, Zamboanga Sibugay

: chartered cities: Alaminos, Angeles, Antipolo, Bacolod, Bago, Baguio, Bais, Balanga, Batangas, Bayawan, Bislig, Butuan, Cabanatuan, Cadiz, Cagayan de Oro, Calamba, Calapan, Calbayog, Candon, Canlaon, Cauayan, Cavite, Cebu, Cotabato, Dagupan, Danao, Dapitan, Davao, Digos, Dipolog, Dumaguete, Escalante, Gapan, General Santos, Gingoog, Himamaylan, Iligan, Iloilo, Isabela, Iriga, Kabankalan, Kalookan, Kidapawan, Koronadal, La Carlota, Laoag, Lapu-Lapu, Las Pinas, Legazpi, Ligao, Lipa, Lucena, Maasin, Makati, Malabon, Malaybalay, Malolos, Mandaluyong, Mandaue, Manila, Marawi, Markina, Masbate, Muntinlupa, Munoz, Naga, Olongapo, Ormoc, Oroquieta, Ozamis, Pagadian, Palayan, Panabo, Paranaque, Pasay, Pasig, Passi, Puerto Princesa, Quezon, Roxas, Sagay, Samal, San Carlos (in Negros Occidental), San Carlos (in Pangasinan), San Fernando (in La Union), San Fernando (in Pampanga), San Jose, San Jose del Monte, San Pablo, Santa Rosa, Santiago, Silay, Sipalay, Sorsogon, Surigao, Tabaco, Tacloban, Tacurong, Tagaytay, Tagbilaran, Tagum, Talisay (in Cebu), Talisay (in Negros Oriental), Tanauan, Tangub, Tanjay, Tarlac, Toledo, Tuguegarao, Trece Martires, Urdaneta, Valencia, Valenzuela, Victorias, Vigan, Zamboanga

AKBAYAN [Reps. Etta ROSALES, Mario AGUJA, and Risa HONTIVEROS-BARAQUIEL]; ANAKPAWIS [Reps. Crispin BELTRAN and Rafael MARIANO]; Association of Philippine Electric Cooperatives (APEC) [Reps. Edgar VALDEZ, Ernesto PABLO, and Sunny Rose MADAMBA]; Bayan Muna [Reps. Satur OCAMPO, Joel VIRADOR, and Teodoro CASINO, Jr.];

BUHAY [Reps. Rene VELARDE and Hans Christian SENERES]; BUTIL [Rep. Benjamin CRUZ]; CIBAC [Rep. Emmanuel Joel VILLANUEVA]; GABRIELA [Rep. Liza MAZA]; PARTIDO NG MANGGAGAWA [Rep. Renato MAGTUBO] (2003)

The Philippines was less severely affected by the Asian financial crisis of 1998 than its neighbors, aided in part by annual remittances of $7-8 billion from overseas workers and no sustained runup in asset prices or foreign borrowing prior to the crisis. From a 0.6% decline in 1998, GDP expanded by 2.4% in 1999, and 4.4% in 2000, but slowed to 3.2% in 2001 in the context of a global economic slowdown, an export slump, and political and security concerns.

GDP growth accelerated to 4.3% in 2002, 4.7% in 2003, and about 6% in 2004, reflecting the continued resilience of the service sector, and improved exports and agricultural output. Nonetheless, it will take a higher, sustained growth path to make appreciable progress in poverty alleviation given the Philippines' high annual population growth rate and unequal distribution of income.

The Philippines also faces higher oil prices, higher interest rates on its dollar borrowings, and higher inflation. Fiscal constraints limit Manila's ability to finance infrastructure and social spending. The Philippines' consistently large budget deficit has produced a high debt level and has forced Manila to spend a large portion of the national government budget on debt service.

Large, unprofitable public enterprises, especially in the energy sector, contribute to the government's debt because of slow progress on privatization. Credit rating agencies are increasingly concerned about the Philippines' ability to sustain the debt; legislative progress on new revenue measures will weigh heavily on credit rating decisions.

total:

419 ships (1,000 GRT or over) 4,524,259 GRT/6,437,171 DWT

by type:

bulk carrier 85, cargo 109, chemical tanker 13, container 5, liquefied gas 7, livestock carrier 15, passenger 11, passenger/cargo 73, petroleum tanker 47, refrigerated cargo 23, roll on/roll off 17, vehicle carrier 14

foreign-owned:

69 (Canada 1, China 2, Germany 2, Greece 5, Hong Kong 2, Japan 31, Malaysia 2, Netherlands 20, Norway 1, UAE 1, United States 2)

registered in other countries:

40 (2005)