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The economy of the Philippines is an emerging market, and considered as a newly industrialized country in the Asia-Pacific region. [31] In 2024, the Philippine economy is estimated to be at ₱26.55 trillion ($471.5 billion), making it the world's 32nd largest by nominal GDP and 13th largest in Asia according to the International Monetary Fund.
These include the works of Ilustrados like Pedro Alejandro Paterno, who wrote the first novel written by a Filipino, Nínay (1885); [13] Graciano López Jaena and later on by Marcelo H. del Pilar, who edited and published the pro-Filipino newspaper La Solidaridad (1889); [14] and the Philippine national hero, José Rizal, who wrote two famous ...
Filipino, a standardized version of Tagalog, is spoken primarily in Metro Manila. [408] Filipino and English are used in government, education, print, broadcast media, and business, often with a third local language; [409] code-switching between English and other local languages, notably Tagalog, is common. [410]
Due to the thousands of town, city, provincial, national, and village fiestas in the country, the Philippines has traditionally been known as the Capital of the World's Festivities. [citation needed] The majority of festivals in the Philippines may have their own peryas (trade fairs with temporary amusement parks).
It is a tax-exempt, government-owned and controlled corporation (GOCC) of the Philippines, and is attached to the Department of Health. On August 4, 1969, Republic Act 6111 or the Philippine Medical Care Act of 1969 was signed by President Ferdinand E. Marcos which was eventually implemented in August 1971.
Buwan ng Wikang Pambansa (Tagalog for 'National Language Month'), [1] [2] simply known as Buwan ng Wika ('Language Month'), is a month-long annual observance in the Philippines held every August to promote the national language, Filipino.
If a holiday falls on a non-working day for the employee, the employee is not compensated. President Gloria Macapagal Arroyo signed Proclamation No. 1211 in January 2007 declaring Independence Day which falls on June 12 a working holiday, and the day before a non-working holiday – effectively moving the holiday. However rites organized by the ...
In 1974—two years after Marcos' proclamation of martial law—the Philippine government came up with the Labor Code of the Philippines (Presidential Decree 442, series 1974), which included Filipino migrant workers in its scope. The decree formally established a recruitment and placement program "to ensure the careful selection of Filipino ...