Professional Documents
Culture Documents
His lifeless body was found few meters from Aquino’s body
The government party, KBL chose President Marcos and Assembly man
Arturo M. Tolentino as their official candidates for president and vice
president.
On the opposition:
Three Powers:
*military
*church
*people power
February 23, 1986 – thousands more came and reinforced the human
barricade around two camps.
General Fabian Ver - leader of the Marcos loyalist troops which causes
the said situation more critical.
February 25, 1986 – Marcos and his family, and some friends
(including General Ver) left the Malacañ ang Palace and were taken by
the United State Air Force to Guam then to Hawaii.
Privatization
Naval Bases
President Aquino lobbyed for the extension of 10 years of
United States military bases in the Philippines but the Senate
rejected it. The United States turned over the Clark Air Base and
the Subic Bay Naval Base in December 1992, ending almost a
century of U.S. military presence in the Philippines.
Foreign Debt
AGRARIAN REFORM
ECONOMIC GROWTH
Taxation
Cory Approved in January 1992 the sale of 67% of the stocks of the
Philippine Airlines (PAL) to an investment group headed by her relatives,
composed of one of her Tanjuatco nephews and three of her Cojuangco
nephews. The sale resulted in a loss of USD 300-million plus for the Filipino
people. The Philippine government, through the Government Service
Insurance System (GSIS), owned the shares. And worse, her nephews did
not even have the money to pay for the airline stocks. They borrowed the
money that they used to pay GSIS from three Philippines government-
owned banks, even using the PAL stocks as collateral.
Many also see her both as a hero and a saint. She has also been
hailed as a modern-day Joan of Arc by international observers.
She promulgated the New Civil Code of the Philippines and the
Family Code of the Philippines.
Sky