History: Return of democracy (1987 to present year)
•In a bid to fully restore the democratic form of government, President Corazon Aquino appointed 48 members of the constitutional convention that drafted a new constitution restoring the presidential form of government and abolishing the Batasang Pambansa. The 1987 Constitution replaced the 1973 Constitution which was amended twice in 1981 and 1984. •The Reform the AFP Movement (RAM) led by Gregorio Honasan, one of the leaders of the EDSA revolution, staged a military coup against the newly-installed Aquino government on August 28, 1987. The rebel troops attacked both Camp Aguinaldo and Camp Crame but were repelled by government forces. There were other unsuccessful attempts of military coups led by the RAM, the Nationalist Army of the Philippines (NAP), and an attempt by the combined forces of RAM and NAP. •MV Doña Paz, a maritime vessel owned by Sulpicio Lines, sank after colliding with a small oil tanker named Vector, on December 20, 1987. The local inter-island passenger ferry was travelling to Manila from Catbalogan, Samar. Victor with more than 8,000 barrels of oil, burst into flames and the fire rapidly into Dona Paz. Officially it was reported that 1,565 persons perished from the disaster but it is believed the death toll was much higher due to reports that the ferry was overloaded with passengers. It was the worst passenger ferry disaster in the world, and the worst maritime disaster in recent post-war history.
•A 7.8 magnitude earthquake, one of the most powerful and devastating natural calamities to hit the country, caused widespread catastrophic damage in Luzon, especially in the central and Cordillera regions, on July 16, 1990. An estimated 1,600 people died in massive earthquake. 1991
•The second-largest volcanic eruption of the 20th century, and the largest eruption to affect a heavily populated area, occurred at Mount Pinatubo on June 15, 1991. The eruption produced high-speed avalanches of hot ash and gas, giant mud flows called lahars, and clouds of volcanic ash spread hundreds of miles across. •1991 The Aquino administration passes the Local Government Code
•President Fidel V. Ramos and Vice President Joseph E. Estrada were elected into office during the presidential election on May 11, 1992. They were sworn into office by Supreme Court Chief Justice Andres Narvasa at the Luneta Grandstand in June 30, 1992. It was the first democratic election since the EDSA revolution – it was open, fair, and peaceful. Ramos was the first Protestant to become president.
The administration of President Ramos was competent and solid. It was marked by greater stability and economic progress. Although his administration was viewed positively, Ramos resisted the encouragement of some loyalists for him to initiate a constitutional amendment that would have allowed him to run for another term. He believed that the constitution is a very fundamental law to be subject to frequent changes.
•The United States closed its last military bases in the country. The volcanic eruption of Mount Pinatubo in 1991, and the damage it created, hastened the closure of the military bases in the Philippines.
•President Ramos announces his Medium Term Development Plan to make the Philippines a developed country by the year 2000 and successfully breaks up some state-owned monopolies in telecommunications, shipping, and domestic airlines 1997
•Asian economic crisis hits the Philippines
•President Joseph Ejercito Estrada, best known by his screen name Erap, was elected into office in the May 11, 1998 election. It was the second democratic election since the EDSA revolution. He took his oath as the 13th President of the Philippines at Barasoain Church in Malolos, Bulacan, on June 30, 1998.
•Filipinos worldwide joined in the celebration of a century of independence. It had been 100...