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Philippines: President Estrada
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On Friday, 9 December 2005, Ricardo Saludo, Secretary of the Cabinet, Presidential Management Staff, Republic of the Philippines briefed members of the US-ASEAN Business Council on the current economic situation of the Philippines and the road ahead. A lunch hosted by the Council followed the briefing. Please click here (Council members only) for Secretary Saludo's presentation. You may contact Angeline Thangaperakasam at angeline@usasean.org for more details.
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The war in Vietnam and continued American presence in the Philippines led to anti-American protests and riots in Manila and elsewhere in the late 1960s and early 1970s. These contributed to the autocracy of Ferdinand Marcos, who, in his second term as president, declared martial law and established a dictatorship in 1972. Although American investments and economic interests in the islands had fallen behind those of the Japanese and Taiwanese, the importance of the American military bases there led the Nixon and Ford administrations to keep silent about the end of democracy in the Philippines.
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Popular movie actor Joseph Ejercito Estrada's election as president in May 1998 marked the Philippines' third democratic succession since the ouster of Marcos. Estrada was elected with overwhelming mass support on a platform promising poverty alleviation and an anti-crime crackdown.
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