In the Philippines , a government-owned and controlled corporation ( GOCC ), sometimes with an "and/or", is a state-owned enterprise that conducts both commercial and non-commercial activity. Examples of the latter would be the Government Service Insurance System (GSIS), a social security system for government employees. There are 219 GOCCs as of 2022. GOCCs both receive subsidies and pay dividends to the national government. A government-owned or controlled corporation is a stock or a non-stock corporation, whether performing governmental or proprietary functions, which is directly chartered by a special law or if organized under the general corporation law is owned or controlled by the government directly, or indirectly through a parent corporation or subsidiary corporation, to the extent of at least a majority of its outstanding capital stock or of its outstanding voting capital stock.
70-580: The Sugar Regulatory Administration ( SRA ; Filipino: Pangasiwaan sa Regulasyon ng Asukal ; Hiligaynon: Administrasyon sa Regulasyon sang Kalamay ) is a government-owned and controlled corporation attached to the Department of Agriculture of the Philippines who is responsible for promoting the growth and development of the sugar industry of the Philippines through greater participation of
140-620: A billion pesos each: Development Bank of the Philippines (DBP) with P3.616 billion; Power Sector Assets and Liabilities Management Corporation (PSALM) with P2.5 billion; Bases Conversion Development Authority (BCDA) with P2.107 billion; Manila International Airport Authority (MIAA) with P1.577 billion; Philippine National Oil Company-Exploration Corporation (PNOC-EC) with P1.5 billion; Philippine Ports Authority (PPA) with P1.422 billion; and Philippine Deposit Insurance Corporation (PDIC) with P1.05 billion. List adapted from Integrated Corporate Reporting System's list. President of
210-612: A likewise revolutionary constitution . Consequently, this government is today officially considered to be the proper "first republic" and is also called the Malolos Republic , after its capital Malolos in Bulacan ; its congress (formally "National Assembly") and constitution are commonly known as the Malolos Congress and Malolos Constitution as well. Like all of its predecessors and would-be successors until
280-469: A mark of cultural respect. The Constitution provides the following oath or affirmation for the president and vice president-elect which must be taken before they enter into office: "I, (name), do solemnly swear [or affirm], that I will faithfully and conscientiously fulfill my duties as President [or Vice-President or Acting President] of the Philippines. Preserve and defend its Constitution, execute its laws, do justice to every man, and consecrate myself to
350-569: A national Tagalog Republic, and Malvar continued the Philippine Republic which was the culmination of several governments headed by Emilio Aguinaldo that superseded Bonifacio's, Malvar taking over after Aguinaldo's capture. Nevertheless, there are still calls, including from a descendant of Bonifacio, to let Bonifacio be recognized by the current government as the first Philippine president. In 1993, historians Milagros Guerrero, Emmanuel Encarnacion and Ramon Villegas petitioned before
420-402: A socio-economic program which is primarily the private sector's responsibility. The SRA is mandated to promote the growth and development of the sugar industry through greater and significant participation of the private sector and to improve the working conditions of laborers. Thus, the agency concentrates its efforts on effectively discharging regulatory, R and D socio-economic activities such as
490-488: A specific program or project. Subsidies from the National Government in 2011 amounted to 21 billion Philippine pesos . In the 2013 fiscal year, the national government gave P71.9 billion pesos to GOCCs in subsidies, nearly twice the 44.7 billion pesos that was programmed in the budget. In 2014, 77.04 billion pesos was spent on GOCCs by the national government, 3% of which was classified as subsidies and 97%
560-609: Is considered to be the 16th president. While the government may consider Aguinaldo as the first president, the First Republic fell under the United States' jurisdiction due to the 1898 Treaty of Paris which ended the Spanish–American War ; the United States thus does not consider his tenure to have been legitimate. Manuel L. Quezon is considered to be the first president by the United States when they gave
630-594: Is limited to a single six-year term. No one who has served more than four years of a presidential term is allowed to run or serve again. The current president of the Philippines is Bongbong Marcos , who was sworn in on June 30, 2022, at the National Museum of Fine Arts (formerly the Legislative Building). The official title of the Philippine head of state and government is "President of
700-620: The Department of Agriculture , located in North Avenue, Quezon City. It sits beside Veterans Memorial Medical Center compound. As part of decentralizing functions, the Sugar Regulatory Administration also holds office in the SRA Compound along Araneta Street, Bacolod City , the capital of sugar-rich Province of Negros Occidental . It has jurisdiction over sugar mills, traders, and other stakeholders in
770-561: The EDSA Revolution of 2001 that removed Joseph Estrada from office. The dress code at the modern inaugural ceremony is traditional, formal Filipino clothing, which is otherwise loosely termed Filipiniana . Ladies must wear baro't saya (the formal wear of other indigenous groups is permissible), while men don the barong tagalog . Non-Filipinos at the ceremony may wear their respective versions of formal dress, but foreign diplomats have often been seen donning Filipiniana as
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#1732775550971840-867: The Office of the President . The president also exercises general supervision over local government units. The president has the power to give executive issuances , which are means to streamline the policy and programs of an administration. There are six issuances that the President may issue, as defined in the Administrative Code of 1987: executive orders, administrative orders, proclamations, memorandum orders, memorandum circulars, and general or special orders. The president has power to grant reprieves, commutations and pardons, and remit fines and forfeitures after conviction by final judgment, except in cases of impeachment. The president can grant amnesty with
910-675: The Tejeros Convention in Tejeros, Cavite . The new government was meant to replace the Katipunan . It variously called itself the "Philippine Republic" (Spanish: Republica Filipina ), "Republic of the Philippines" (Spanish: Republica de Filipinas ) and "Government of All Tagalogs" or "Government of the Whole Tagalog Nation/People" (Filipino: Pamahalaan ng Sangkatagalugan ). Months later, Aguinaldo
980-627: The Treaty of Paris of 1898 , signed in December of that year. The Philippine–American War broke out between the United States and Aguinaldo's government. His government effectively ceased to exist on April 1, 1901, after he pledged allegiance to the United States following his capture by U.S. forces in March. The current government of the Republic of the Philippines considers Emilio Aguinaldo to be
1050-745: The United States Navy sailed for the Philippines. At the Battle of Manila Bay on May 1, 1898, the American Navy decisively defeated the Spanish Navy . Aguinaldo subsequently returned to the Philippines aboard a U.S. Navy vessel and renewed the revolution. He formed a dictatorial government on May 24, 1898, and issued the Philippine Declaration of Independence on June 12, 1898. During this brief period he took
1120-743: The Visayas region. Government-owned and controlled corporation Under the GOCC Governance Act (Republic Act No. 10149), GOCCs are overseen by the Governance Commission for Government-Owned or Controlled Corporations (GCG). The Governance Commission is the "government's central advisory and oversight body over the public corporate sector" according to the Official Gazette of the Philippine government. The Governance Commission among other duties prepares for
1190-484: The president of the Philippines a shortlist of candidates for appointment by the president to GOCC boards. Many but not all GOCCs have their own charter or law outlining its responsibilities and governance. GOCCs receive from the government "subsidies" and "program funds". Subsidies cover the day-to-day operations of the GOCCs when revenues are insufficient while program funds are given to profitable GOCCs to pay for
1260-447: The vice president takes the oath first, a little before noon for two reasons. First, according to protocol, no one follows the president (who is last due to his supremacy), and second, to establish a constitutionally valid successor before the president-elect accedes. During Quezon 's inauguration, however, the vice president and legislature were sworn in after the president, to symbolize a new start. Custom has enshrined three places as
1330-469: The "freedom constitution" that initially replaced the 1973 Constitution. This provisional constitution was done as Aquino was installed as president through revolutionary means. Proclamation No. 3 abrogated many of the provisions of the then 1973 Constitution, including the provisions associated with the Marcos regime, which gave the president legislative powers, as well as the unicameral legislature called
1400-514: The 1898 Declaration of Independence). The president of the Philippines , being the chief executive, serves as both the head of state and head of government of the Philippines . The constitution vests the executive power with the president who consequently heads the government's executive branch, including the Cabinet and all executive departments . There are also government agencies that report to no specific department but are instead under
1470-489: The 1935 Commonwealth of the Philippines , the First Philippine Republic was short-lived and never internationally recognized , and never controlled or was universally recognized by the entire area covered by the current republic, though it (and they) claimed to represent and govern the entire Philippine archipelago and all its people. The Philippines was transferred from Spanish to American control by
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#17327755509711540-547: The Batasang Pambansa (literally National Legislature in Filipino). The proclamation retained only parts of the 1973 Constitution that were essential for a return to democratic rule, such as the bill of rights. This constitution was superseded on February 2, 1987, by the present constitution. Both Bonifacio and Aguinaldo might be considered to have been an inaugural president of an insurgent government. Quezon
1610-712: The National Historical Institute (now the National Historical Commission of the Philippines ) to recognize Bonifacio as the first Philippine president but the institute turned down the petition and reasoned that Bonifacio was not even the Katipunan's first Supremo , but rather Deodato Arellano . In 2013, the Manila City Council passed a resolution persuading the national government to declare Bonifacio as
1680-622: The Philippine Sugar Institute (PHILSUGIN) was created on June 16, 1951, under Republic Act 632. The agency was tasked to conduct research work for the sugar industry in all its phases, agricultural and industrial. Early in the 1960s, relationships between the United States and Cuba —one of the top sugar-producing countries of the world—became strained after the communist revolution in Cuba. This proved favorable for
1750-628: The Philippine nation and people as the "Sovereign Tagalog Nation/People" or more precisely "Sovereign Nation of the Tagalog People" (Filipino: Haring Bayang Katagalugan ), in effect a synonym of "Tagalog Republic" or more precisely "Republic of the Tagalog Nation/People". According to Filipino historian Ambeth Ocampo , including Bonifacio as a past president would imply that Macario Sakay and Miguel Malvar should also be included, as Sakay continued Bonifacio's concept of
1820-593: The Philippines This is an accepted version of this page The president of the Philippines ( Filipino : pangulo ng Pilipinas , sometimes referred to as presidente ng Pilipinas ) is the head of state , head of government and chief executive of the Philippines . The president leads the executive branch of the Philippine government and is the commander-in-chief of the Armed Forces of
1890-411: The Philippines (DBP) (P3.16-billion) and Land Bank of the Philippines (LBP) (P6.24-billion). Under Republic Act No. 7656, all GOCCs are required to "declare and remit at least 50% of their annual net earnings as cash, stock or property dividends to the National Government." The Commission on Audit reports that in 2013 of the 219 profitable GOCCs, only 45 remitted a full 50% share of their dividends to
1960-489: The Philippines . The president is directly elected by the citizens of the Philippines and is one of only two nationally elected executive officials, the other being the vice president of the Philippines . However, four vice presidents have assumed the presidency without having been elected to the office, by virtue of a president's intra-term death or resignation. Filipinos generally refer to their president as pangulo or presidente in their local language. The president
2030-585: The Philippines and the other sugar-exporting countries as policies for expansion were issued to the mills and has opened greater areas for sugar cane planting. In 1977, the Philippine Sugar Commission ( PHILSUCOM ) was created by virtue of P.D. No. 388 to further bolster the revitalization of the sugar industry. It was amended by P.D. 775 and 1192. The decree integrated the functions of PHILSUGIN, SQA and PNB Philex. The National Sugar Trading Corporation (NASUTRA), an affiliate of PHILSUCOM
2100-758: The Philippines independence through the Tydings–McDuffie Act . He is also the first to win a popular election and a nationwide election. During the Second World War , the Philippines had two presidents heading two governments. One was Quezon and the Commonwealth government-in-exile in Washington, D.C. , and the other was Manila-based Laurel heading the Japanese-sponsored Second Republic. Notably, Laurel
2170-496: The Philippines." Depending on the definition chosen for these terms, a number of persons could alternatively be considered the inaugural holder of the office. Andrés Bonifacio could be considered the president of the tagalog provinces, while he was the third Supreme President (Spanish: Presidente Supremo ; Filipino : Kataas-taasang Pangulo ) of the Katipunan , a secret revolutionary society that started an open revolt against
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2240-612: The Philippines." The title in Filipino is Pangulo ( cognate of Malay penghulu "leader", "chieftain"). In the other major languages of the Philippines such as the Bisayan languages , presidente is more common when Filipinos are not actually code-switching with the English word. The honorific for the president is "Your Excellency" or "His/Her Excellency." During his tenure, President Rodrigo Duterte broke precedent by not using
2310-668: The Spanish colonial government in August 1896, he transformed the society into a revolutionary government with himself as "President of the Sovereign Nation/People" (Filipino: Pangulo ng Haring Bayan ). While the term Katipunan (and the title "Supreme President") remained, Bonifacio's government was also known as the Tagalog Republic (Spanish: República Tagala ; Filipino: Republika ng Katagalugan ), and
2380-643: The Supreme Assembly), or Pangulo ng Haring Bayan (President of the Sovereign Nation/People), as evidenced by his own writings. Although the word Tagalog refers to the Tagalog people , a specific ethno-linguistic group mostly in southern Luzon , Bonifacio used the term "Tagalog" in "Tagalog Republic" to denote all non-Spanish peoples of the Philippines in place of Filipinos , which had colonial origins, referring to his concept of
2450-538: The United States recognized the sovereignty of the Republic of the Philippines as a separate self-governing nation on July 4, 1946. On the same day, Manuel A. Roxas , the last president of the Commonwealth of the Philippines, became the first president of the independent Republic of the Philippines, also known as the Third Republic of the Philippines. A new Constitution ratified on January 17, 1973, under
2520-517: The United States to establish a government in exile in the United States. On August 17, 1945, two days after the Japanese surrendered to the Allies, Laurel officially dissolved the republic. The 1935 Constitution was restored after the Japanese surrender ended World War II, with Vice President Sergio Osmeña becoming president due to Quezon's death on August 1, 1944. It remained in effect after
2590-476: The board of canvassers of each province or city, shall be transmitted to Congress, directed to the president of the Senate. Upon receipt of the certificates of canvass, the president of the Senate shall open all the certificates in the presence of a joint public session of Congress not later than 30 days after election day. Congress then canvasses the votes upon determining that the polls are authentic and were done in
2660-687: The commonwealth according to Justice George A. Malcolm . Abad Santos was subsequently executed by the Imperial Japanese Army on May 2, 1942. On October 14, 1943, José P. Laurel became president under a constitution imposed by the Japanese occupation . Laurel, an associate justice of the Supreme Court of the Philippines , had been instructed to remain in Manila by President Quezon, who withdrew to Corregidor and then to
2730-556: The concurrence of the majority of all the members of the Congress . The president has authority to contract or guarantee foreign loans on behalf of the country but only with the prior concurrence of the Monetary Board and subject to such limitations as may be provided by law. The president has the authority to exercise the power of eminent domain . The president also has the power to direct escheat or reversion proceedings and
2800-537: The consent of the Commission on Appointments , the president also appoints the heads of the executive departments, board of members and its leaders from any national government-related institutions, ambassadors, other public ministers and consuls, high-ranking officers of the armed forces, and other officials. The members of the Supreme Court and lower courts are also appointed by the president, but only from
2870-791: The first president of the Philippines-based specifically on his presidency of the Malolos Republic, not any of his various prior governments. Miguel Malvar continued Aguinaldo's leadership of the Philippine Republic after the latter's capture until his own capture in 1902, while Macario Sakay revived the Tagalog Republic in 1902 as a continuing state of Bonifacio's Katipunan. They are both considered by some scholars as "unofficial presidents", and along with Bonifacio, are not recognized as presidents by
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2940-609: The first president of the Tagalog Republic, attributing to all natives of the archipelago of the Philippines. A separate resolution was also signed in 2013 by the Philippine Historian Association urging then Philippine President Benigno Aquino III to recognize Bonifacio as the first Philippine president. In the same year, representatives of the Philippine House of Representatives passed a house resolution that sought to acknowledge Bonifacio as
3010-548: The first president. A similar house resolution was also filed in 2016. According to Marlon Cadiz of the NHCP, the agency is waiting for a thorough and clear study containing new evidence as well as explanations of experts regarding Bonifacio's status as the first president. In March 1897, during the Philippine Revolution against Spain, Emilio Aguinaldo was elected president of a new revolutionary government at
3080-517: The government. Between 1898 and 1935, executive power in the Philippines was exercised by a succession of four American military governors-general and eleven civil governors-general. In October 1935, Manuel L. Quezon was elected the first president of the Commonwealth of the Philippines , which had been established, still under United States sovereignty, under a constitution ratified on May 14 of that year. During its first five years,
3150-400: The honorific, opting to drop the title in all official communications, events or materials. The term "President of the Republic of the Philippines" used under Japanese occupation of the Philippines distinguished the government of then-president José P. Laurel from the Commonwealth government-in-exile under President Manuel L. Quezon . The restoration of the Commonwealth in 1945 and
3220-758: The list of nominees prepared by the Judicial and Bar Council . Such appointments do not need the approval of the Commission on Appointments . As per Article 6, Section 1 of the Constitution, the power of lawmaking is vested in the bicameral Congress , which consists of the Senate and the House of Representatives . However, the president has some legislative power. The president has the power to veto any bill passed by Congress. Article 6, Section 27 requires that every legislation passed by Congress shall be presented to
3290-463: The livelihood programs for the sugar workers. The first sugar board was composed of Arsenio B. Yulo, Jr., as Chairman-Administrator and two Board Members Bibiano C. Sabino and Carlos Ledesma representing the planters and millers respectively. Sugar Regulatory Administration holds office at the Sugar Center, a facility built during the Marcos era, situated in a compound housing other agencies of
3360-429: The manner provided by law. The person with the highest number of votes is declared the winner, but in case two or more have the highest number of votes, the president is elected by a majority of all members of Congress, with the Senate and the House of Representatives voting separately. The president of the Philippines usually takes the oath of office at noon of June 30 following the presidential election. Traditionally,
3430-403: The national treasury, leaving 174 others with unremitted government shares, amounting to more than P50 billion. Dividends remitted were only one-tenth (1/10) of the total required by law according to the commission. In 2014, on "GOCC Dividend Day", the Philippine government received 32.31 billion Philippine pesos worth of dividends and other remittances from 50 GOCCs. Seven GOCCs submitted over
3500-428: The oath of office in Cebu City before Chief Justice Hilario Davide Jr. , and the next day held the first cabinet meeting in Butuan . She broke with precedent, reasoning that she wanted to celebrate her inauguration in each of the three main island groups of the Philippines: Luzon , Visayas , and Mindanao . Her first inauguration also broke precedent as she was sworn in at the EDSA Shrine on January 20, 2001, during
3570-409: The power to reserve lands of the public and private domain of the government. However, there are two constitutional provisions that limit the exercise of such power: Article 3, Section 9 of the Constitution provides that no person shall be deprived of his/her life, liberty, or property without due process of law and that private property shall not be taken for public use without just compensation. With
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#17327755509713640-479: The presidency: Natural-born Filipinos are citizens of the Philippines from birth without having to perform any act to acquire or perfect their Philippine citizenship. Those whose fathers or mothers are citizens of the Philippines at the time of their birth and those born before January 17, 1973, of Filipino mothers, who elect Philippine citizenship upon reaching the age of majority are considered natural-born Filipinos. The Constitution also provides term limits where
3710-419: The president could serve for a six-year term that cannot be renewed. It was later amended in 1940 to limit a president to serving no more than two four-year terms. When the administration of President Quezon exiled to the United States after the Philippines fell to the Empire of Japan in World War II , Quezon appointed Chief Justice José Abad Santos as his delegate, which in effect the acting president of
3780-451: The president is ineligible for reelection and a person who has succeeded as president and has served as such for more than four years will be ineligible to be elected for a second term. However, with the case of Joseph Estrada who was elected president in 1998 , deposed in 2001 , and again ran for the presidency in 2010 , the Constitution's wording where "[the] President shall not be eligible for any re-election" remains unclear as his case
3850-415: The president takes the oath of office, a 21-gun salute is fired to salute the new head of state, and the presidential anthem " We Say Mabuhay " is played. The president delivers his inaugural address, and then proceeds to Malacañang Palace to climb the Grand Staircase, a ritual which symbolizes the formal possession of the palace. The president then inducts the newly formed cabinet into office in one of
3920-407: The president, after which the president can either sign the bill into law within thirty days, veto the bill, or take no action within the timeframe, in which the bill will pass as if it had been signed. While Congress can override a presidential veto, it requires a two-thirds vote of both houses. The president can also veto any particular item or items in an appropriation, revenue, or tariff bill, but
3990-591: The private sector and to improve the working conditions of the laborers. On September 16, 1937, the National Assembly authorized the Philippine Commonwealth president to create the Philippine Sugar Administration ( PSA ). After the Philippine independence in 1946, the office was renamed in 1951 the Sugar Quota Administration ( SQA ). The office undertook the allocation and administration of export, domestic reserve and world sugar quota, issuances of quedan permits , and verifying and recording transfers or assignments of allotments. In order to improve productivity,
4060-545: The rule of Ferdinand Marcos introduced a parliamentary-style government. Marcos instituted himself as prime minister while serving as president in 1978. Marcos later appointed César Virata as prime minister in 1981, although, he was only a figurehead as the government control was still with Marcos. The 1973 Constitution was in effect until the People Power Revolution of 1986 toppled Marcos's 21-year authoritarian regime and replaced him with Corazon C. Aquino . On March 25, 1986, Aquino issued Proclamation No. 3, s. 1986 or
4130-757: The service of the Nation. So help me God." [In case of affirmation, last sentence will be omitted.] The Filipino text of the oath used for the inaugurations of Fidel V. Ramos , Joseph Estrada , Benigno Aquino III , and Bongbong Marcos reads: "Ako si (pangalan), ay taimtim kong pinanunumpaan (o pinatototohanan) na tutuparin ko nang buong katapatan at sigasig ang aking mga tungkulin bilang Pangulo (o Pangalawang Pangulo o Nanunungkulang Pangulo) ng Pilipinas, pangangalagaan at ipagtatanggol ang kanyang Konstitusyon, ipatutupad ang mga batas nito, magiging makatarungan sa bawat tao, at itatalaga ang aking sarili sa paglilingkod sa Bansa. Kasihan nawa ako ng Diyos." (Kapag pagpapatotoo, ang huling pangungusap ay kakaltasin.) As soon as
4200-492: The subsequent independence of the Philippines restored the title of "President of the Philippines" enacted in the 1935 constitution. The 1973 constitution, though generally referring to the president as "President of the Philippines", Article XVII, Section 12 once used the term, "President of the Republic." In the text of Proclamation No. 1081 that placed the country under martial law in September 1972, President Ferdinand Marcos consistently referred to himself as "President of
4270-630: The term haring bayan or haringbayan as an adaptation and synonym of "republic", from its Latin roots as res publica . Since Presidente Supremo was shortened to Supremo in contemporary historical accounts of other people, he thus became known by that title alone in traditional Philippine historiography, which by itself was thus understood to mean "Supreme Leader" in contrast to the later "Presidents". However, as noted by Filipino historian Xiao Chua , Bonifacio did not refer himself as Supremo but rather as Kataas-taasang Pangulo (Supreme President), Pangulo ng Kataas-taasang Kapulungan (President of
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#17327755509714340-411: The title "Dictator" and the Declaration of Independence refers to him as such. On June 23, 1898, Aguinaldo transformed his dictatorial government into a revolutionary government and became known as "President" again. On January 23, 1899, Aguinaldo was then elected president of the " Philippine Republic " (Spanish: Republica Filipina ), a new government constituted by a revolutionary congress under
4410-431: The traditional venue for the inauguration ceremony: Barasoain Church in Malolos City , Bulacan ; in front of the old Legislative Building (now part of the National Museum ) in Manila; or at Quirino Grandstand , where most have been held. Some presidential have broken precedent, either due to extraordinary circumstances or In 2004, Gloria Macapagal Arroyo delivered her pre-inaugural address at Quirino Grandstand, took
4480-403: The veto shall not affect the item or items to which he does not object. By exerting their influence on Congress, the president can shape legislation and be involved in the legislative process. The State of the Nation Address also gives the president an opportunity to outline their priority legislative agenda. Article 7, Section 2 of the Constitution sets the following qualifications for holding
4550-423: Was again elected president at Biak-na-Bato , Bulacan in November, leading a reorganized "Republic of the Philippines" (Spanish: Republica de Filipinas ), commonly known today as the Republic of Biak-na-Bato . Aguinaldo therefore signed the Pact of Biak-na-Bato and went into exile in Hong Kong at the end of 1897. In April 1898, the Spanish–American War broke out, and afterwards, the Asiatic Squadron of
4620-672: Was classified as program funds. In 2013, on "GOCC Dividend Day", the Philippine government received 28-billion Philippine pesos in dividends and other forms of remittances from the 2012 operations of 38 GOCCs. Eight GOCCs remitted 1 billion pesos each: Philippine Reclamation Authority (PRA)(P1 billion pesos), Philippine Ports Authority (PPA)(1.03-billion), Manila International Airport Authority (MIAA)(P1.54-billion), Philippine Amusement and Gaming Corporation (PAGCOR) (P7.18-billion), Power Sector Assets and Liabilities Management Corporation (PSALM)(P2-billion), Bases Conversion Development Authority (BCDA)(P2.30-billion), Development Bank of
4690-409: Was himself instructed to remain in Manila by President Quezon. Laurel and Aguinaldo were not formally recognized as Philippine presidents until Diosdado Macapagal's administration. Their inclusion in the official list coincided with the transfer of the official date of Independence Day from July 4 (the anniversary of the Philippines' independence from the United States) to June 12 (the anniversary of
4760-413: Was never brought to the Supreme Court. It remains unclear whether the term limit of no re-election applies only to the incumbent president or for any person who has been elected as president. The president is elected by direct vote every six years, usually on the second Monday of May. The latest election was held in 2022 . The returns of every election for president and vice president, duly certified by
4830-416: Was the inaugural president of a predecessor state to the current one, while Roxas was the first president of an independent Philippines. The government considers Aguinaldo to have been the first president of the Philippines, followed by Quezon and his successors. Despite the differences in constitutions and government, the line of presidents is considered to be continuous. For instance, Rodrigo Duterte,
4900-494: Was then established for the purpose of reinvigorating the industry as a result of the slump brought about by the cancellation of US sugar quota system. After the People Power Revolution in 1986, new president Corazon Aquino through Executive Order 18 established the Sugar Regulatory Administration (SRA). Free enterprise trading of sugar is allowed to prevail, although the production of the same should be regulated and supported by an innovative research and development program and
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