Aquino Administration (1986-1992)  Singers like Regine Velasquez, Randy Santiago, Ogie

Alcasid, Gary Valenciano, Manilyn Reynes, Donna Cruz

and others are contributed to the President's
S-SS20 PHILIPPINE DEVELOPMENT EXPERIENCE
implementation of Filipino music over the airwaves.
Stations like DZOO-FM, DWLS, etc., are adopted hourly
 When Corazon Aquino became president, she
OPMs effectively after the implementation.
inherited an economy that was bankrupt and debt-
ridden as a result of many years of misrule and
Tourism
mismanagement under the Marcos regime.
 Aquino also encouraged the tourism sector to boost
 As president, Aquino focused her attention and energy
the national economy. Under her six-year term, the
to revitalize and rejuvenate the sagging economy.
Department of Tourism launched a program called The
Philippines: Fiesta Islands of Asia in 1989, offers tourist
 One of her boldest moves was to dismantle the various
visits in the country to show their natural wonders, to
monopolies that were perpetrated by Marcos during
protect their indigenous peoples, to preserve heritage
his stay in power.
sites and to contribute historical importance.
 On February 2, 1987, the new Constitution of the
 Energy
Philippines, which put strong emphasis on civil liberties,
human rights and social justice, was overwhelmingly
 The country experienced daily power disruptions during
approved by the Filipino people.
a period of her administration.
 The ratification of the new Constitution was followed by
 Corazon Aquino's decision to mothball the Bataan
the election of senators and congress that same year
Nuclear Plant built during the Marcos administration
and the holding of local elections in 1988.
contributed to the power crisis in the 1990s, as the 620
megawatts capacity of the plant was enough to cover
Agrarian reform
the shortfall at that time.
Infrastructures
 Upon her ascension into power, President Aquino
envisioned agrarian and land reform as the
 There are no known infrastructures at the time of
centerpiece of her administration's social legislative
Corazon Aquino because all infrastructure done by
agenda.
Marcos at that time are being investigated by Cory’s
administration for malpractices and corruption.
 In 1988, the new Congress of the Philippines passed
Republic Act No. 6657, more popularly known as the
 So there are no new bridges or projects done by the
Comprehensive Agrarian Reform Law."
Cory administration.
 The law paved the way for the redistribution of
Economy under Cory
agricultural lands to tenant-farmers from landowners.
 The economy posted a positive growth of 3.4% during
 implementation of the comprehensive agrarian reform
her first year in office. But in the aftermath of the 1989
program (CARP)
coup attempt, the Philippine economy remained
stagnant. In her final year in office, inflation was raging
 CARP, or the Comprehensive Agrarian Reform
at 17%, and unemployment was slightly over 10%,
Program, is the redistribution of public and private
higher than the Marcos years.
agricultural lands to farmers and farmworkers who are
landless. -Republic Act No.
Cory’s Administration
6657
 The Aquino administration endured many troubles,
Privatization
including 6 coup d'état attempts, many natural
disasters (e.g. earthquakes, the Mt. Pinatubo eruption),
 The transfer of ownership, property or business from the
and a power shortage problem that caused economic
government to the private sector is termed
activities to stop.
privatization. The government ceases to be the owner
of the entity or business.
 During this period, the Aquino administration passed
various critical laws such as the Comprehensive
 Privatization—the transfer of public offices or functions
Agrarian Reform Law, and the privatization of
to the private sector for cost-cutting and efficiency
government corporations that brought the economy
considerations.
back to its feet.
 President Corazon Aquino has approved the sale of 113
Sources:
state-run businesses, including Philippines Airlines,
several banks and 19 subsidiaries of the national oil
Read more:
company.
http://www.nationsencyclopedia.com/economies/Asia-and-
the-Pacific/Philippines-OVERVIEW-OF-
Media and culture
ECONOMY.html#ixzz4wV6BERUP
 Since 1986, Aquino adopted Original Pilipino Music by
http://factsanddetails.com/southeast-
implementing Executive Order No. 255 issued on July
asia/Philippines/sub5_6g/entry-3916.html
25, 1987 which broadcasts hourly OPM songs to all FM
radio stations in Metro Manila and in the provinces
regularly to shape up Filipino culture.