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THE RAMOS GOVERNMENT


June 30, 1992: Fidel Ramos, Corazon Aquino's personal candidate, takes office as the new president. Throughout his term, President Ramos works to restore the economy, improve energy, communications and transportation infrastructure.

November 1992: With the closure of Subic Naval Base, the US withdraws all remaining military presence.

1994 - 1995: The Philippine economy experiences dramatic growth.

September 1996: The government and the Moro National Liberation Front sign a peace agreement. Some oppose the agreement and as a result the militant Moro Islamic Liberation Front (MILF) rises up in protest.

1997: Despite economic slow down and a series of currency devaluations, the Philippines mostly escapes the Asian financial crisis.

June 30, 1998: The presidential term of President Ramos ends. Ramos is complimented on a solid and competent performance. There are several leaders, including the Prime Minister of Canada who suggest Ramos should amend the 1987 Constitution in order to allow the possibility of a second term. After much consideration and opposition against such an amendment, Ramos decides it is still to soon to amend the constitution.

May 11, 1998: Presidential elections are held.

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