3. FIDEL V. RAMOS
12th President of the Philippines (1992–1998), is remembered
for steadfastly promoting the principles of people
empowerment and global competitiveness.
In 1993, He quickly led the nation out of darkness putting an
end to the power crisis that crippled Filipino homes and
industries for two years.
He made programs to fight poverty in accordance with the will
of the Filipino people expressed by 229 structural/reform laws
enacted by Congress during his term.
The years 1993-1997, the Philippine economy recovered
dramatically.
4. Ramos implemented a comprehensive Social
Reform Agenda (SRA) that addressed the long-standing
problem of poverty: jobs and livelihood,
health, education and skills training, housing,
environmental protection, children and the youth,
the elderly and the handicapped, agrarian reform,
and access to equal opportunity.
Filipino families’ average income grew more during
his administration compared to 20 years before. He
pushed for the deregulation of key industries and
the liberalization of the economy.
He encouraged the privatization of public entities,
to include the modernization of public
infrastructure through an expanded Build-Operate-
Transfer (BOT) law.
5. FIDEL V. RAMOS
Under Ramos, the
Philippines experienced a
period of political stability
and rapid economic growth
and expansion, as a result of
his policies and programs
designed to foster national
reconciliation and unity.
6. FIDEL V. RAMOS
Ramos was able to secure
major peace agreements with
Muslim separatists, communist
insurgents and military rebels,
which renewed investor confidence
in the Philippine economy. Ramos
also aggressively pushed for the
deregulation of the nation's major
industries and the privatization of
bad government assets.
7. FIDEL V. RAMOS
Economy during his term in Administration . . .
8. ECONOMY
President Fidel Ramos
embarked on an ambitious
development plan dubbed
"Philippines 2000." Under the plan,
several industries critical to
economic development were
privatized, such as
electricity,
telecommunications,
banking,
domestic shipping, and
oil.
9. ECONOMY
The taxation system was reformed,
and external debt was brought to more
manageable levels by debt
restructuring and sensible fiscal
management. By 1996, GNP was
growing at a rate of 7.2 percent and
GDP at 5.2 percent. The annual
inflation rate had dropped to 5.9
percent from its high of 9.1 percent in
1995. By the late 1990s, the
Philippines' economic growth gained
favorable comparisons with other
Asian countries such as Taiwan,
Thailand, South Korea, and Malaysia.
10. PHILIPPINE ECONOMY
The Philippine economy
took a sharp downturn during the
Asian financial crisis of 1997.
Its fiscal deficit in 1998 reached
P49.981 billion from a surplus of
P1.564 billion in 1997. The peso
depreciated (fell in value) to
P40.89 per U.S. dollar from its
previous rate of P29.47 to a
dollar. The annual growth rate of
the GNP fell to 0.1 percent in
1998 from 5.3 percent in 1997.
Despite these setbacks, the
Philippine economy fared better
than that of some of its Asian
neighbors, and other nations
praised the Ramos
administration for its "good
housekeeping."
11. ECONOMIC REFORMS
During his administration, Ramos began implementing
economic reforms intended to open up the once-closed national
economy, encourage private enterprise, invite more foreign and
domestic investment, and reduce corruption.
Ramos was also known as the most-traveled Philippine
President compared to his predecessors with numerous foreign
trips abroad, generating about US$ 20 billion worth of foreign
investments to the Philippines.
To ensure a positive financial outlook on the Philippines, Ramos
led the 4th Asia Pacific Economic Cooperation (APEC) Leaders'
Summit in the Philippines on November 1996.
He also instituted reforms in the tax system which includes a
forced increase on VAT (E-VAT law) from 4% to 10% mandated by
World Bank and the International Monetary Fund.
12. ECONOMIC REFORMS
Under his administration, the
Philippines enjoyed economic
growth and stability. The
Philippine Stock Exchange in the
mid-1990s was one of the best in
the world and his visions of
Philippines 2000' that led the
country into a newly
industrialized country in the
world and the "Tiger Cub
Economy in Asia".
13. ECONOMIC REFORMS
Other economic reforms
achieved during the Ramos
administration was the re-adjustment
of the value added
tax from four percent to an
International Monetary Fund
and World Bank-mandated ten
percent. The success of the
reforms paved the way for the
Philippines to be called "Asia's
New Tiger"
14. ECONOMIC REFORMS
Economic reforms instituted
during the Ramos era enabled the
Philippines to experience growth
rates of up to nine percent
annually, and enjoy annual budget
surpluses well into his tenure. The
economic reforms instituted in
the Philippines 2000 platform would
have an effect on how the
Philippines would be affected in
the 1997 East Asian financial
crisis.
15. PHILIPPINES 2000 FIVE-POINT
PROGRAM
Philippines 2000 was the socio-economic program of
former Philippine President Fidel V. Ramos. The plan
envisioned the Philippines achieving newly industrialized
country status by the year 2000.
16. PHILIPPINES 2000 FIVE-POINT PROGRAM
The Philippines 2000 platform largely hinged on five major areas:
Peace and Stability
Economic Growth and Sustainable Development
Energy and Power Generation
Environmental Protection
Streamlined Bureaucracy
He implemented economic reforms intended to open up the once-closed
national economy, encourage private enterprise, invite more
foreign and domestic investment, and reduce corruption.
17. EFFECTS AND LEGACY
The Philippines 2000 platform was
widely successful, making it one of the
greatest legacies of the Ramos
administration to the Philippines. Ramos
was successfully able to open the then-closed
Philippine economy and break
Marcos-era formed monopolies,
especially with regard to Philippine
Airlines and the Philippine Long
Distance Telephone Company, which
were privatized and de-monopolized
during his tenure.
The Philippines 2000 program
formed the core of the Ramos campaign
platform in the 1992 elections which
largely centered on economic reforms
and improved national security and
unity.
18. 1-5) give the 5 economic development
of fidel ramos
6)Fidel V. Ramos
__th President of the Philippines
7) What is the meaning of SRA??
8) The years _____, the Philippine economy recovered
dramatically.
9) What is the meaning of APEC??
10) What is the meaning of VAT??
