Memoirs with a red pen, 1992-1998
apartments highlighting the bedrooms of President and Mrs. Marcos and a downstairs room with the celebrated 3,000 shoes. Thousands had ĸled through Mrs. Marcos’ bedroom to gawk at the former first lady’s things, including her underwear. Then a congressman, President BBM visited the palace for the ĸrst time after 1986 and was dismayed over the crudeness of it all. FVR thereupon directed that the palace’s private presidential quarters be turned into a proper museum with a room devoted to each of the country’s past presidents.
The ĸrst three years of the Ramos presidency were boom years economically and politically, the previous six years under Mrs. Aquino having experienced various coup attempts and the after effects of the in restoring power adequacy by the end of his term. Licenses had been granted independent power producers to relieve the crisis, although many were so costly as to burden later years.
FVR initiated reforms to open the economy to international competition and encourage investment both domestic and foreign. Tariffs and non-tariff barriers were reduced if not entirely eliminated.
The Asian Financial Crisis of 1997 affected the Philippines, causing among others, the peso to fall from about ₱26 per US dollar to ₱46. The economy recovered soon enough, however.
A peace agreement was signed in 1996 between government and the Moro National Liberation Front
Prince Charles arrived on the Royal yacht Brittania after the 1997 Hong Kong handover ceremonies. It was a brief sevenhour visit initiated by President Ramos during an audience and lunch with Queen Elizabeth II two years before.
Pope John Paul II visited for the 1995 World Youth Day. Security arrangements were super-tight at the Pope’s Mass at the Luneta attended by an estimated five million people prompted by an assassination plot engineered
The first three years of the Ramos presidency were boom years economically and politically, the previous six years under Mrs. Aquino having experienced various coup attempts and the aftereffects of the domestic and international adversities of the early 1980s.