1997 In The Philippines
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1997 In The Philippines
1997 in the Philippines details events of note that happened in the Philippines in the year 1997. Incumbents * President: Fidel Ramos ( Lakas) * Vice President: Joseph Estrada ( NPC) * Senate President: Ernesto Maceda * House Speaker: Jose de Venecia, Jr. * Chief Justice: Andres Narvasa * Philippine Congress: 10th Congress of the Philippines Events March * March 26 – Las Piñas becomes a highly urbanized city in Metro Manila through ratification of Republic Act 8251 which was approved last February 12. June * June 22 – President Fidel V. Ramos signs Proclamation No. 1030, that declaring the Philippine tarsier (Scientific name: ''Carlito syrichta'') as a specially protected faunal species of the Philippines. July * July 11 – The Philippines begin to experience the effect of the Asian financial crisis; the peso devalues by 11.5% with the peso-dollar rate recorded at ₱29.45. Further depreciation causes the Philippine Stock Exchange composite index to ...
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Philippines
The Philippines (; fil, Pilipinas, links=no), officially the Republic of the Philippines ( fil, Republika ng Pilipinas, links=no), * bik, Republika kan Filipinas * ceb, Republika sa Pilipinas * cbk, República de Filipinas * hil, Republika sang Filipinas * ibg, Republika nat Filipinas * ilo, Republika ti Filipinas * ivv, Republika nu Filipinas * pam, Republika ning Filipinas * krj, Republika kang Pilipinas * mdh, Republika nu Pilipinas * mrw, Republika a Pilipinas * pag, Republika na Filipinas * xsb, Republika nin Pilipinas * sgd, Republika nan Pilipinas * tgl, Republika ng Pilipinas * tsg, Republika sin Pilipinas * war, Republika han Pilipinas * yka, Republika si Pilipinas In the recognized optional languages of the Philippines: * es, República de las Filipinas * ar, جمهورية الفلبين, Jumhūriyyat al-Filibbīn is an archipelagic country in Southeast Asia. It is situated in the western Pacific Ocean and consists of around 7,641 islands t ...
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March 26
Events Pre-1600 * 590 – Emperor Maurice proclaims his son Theodosius as co-emperor of the Byzantine Empire. * 1021 – On the feast of Eid al-Adha, the death of the Fatimid caliph al-Hakim bi-Amr Allah, kept secret for six weeks, is announced, along with the succession of his son, al-Zahir li-i'zaz Din Allah. On the same day, al-Hakim's designated heir, Abd al-Rahim ibn Ilyas, is arrested in Damascus and brought to Egypt. *1027 – Pope John XIX crowns Conrad II as Holy Roman Emperor. *1169 – Saladin becomes the emir of Egypt. * 1344 – The Siege of Algeciras, one of the first European military engagements where gunpowder was used, comes to an end. * 1351 – Combat of the Thirty: Thirty Breton knights call out and defeat thirty English knights. * 1484 – William Caxton prints his translation of ''Aesop's Fables''. * 1552 – Guru Amar Das becomes the Third Sikh guru. 1601–1900 * 1636 – Utrecht University is founded in the Netherl ...
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BusinessMirror
The ''BusinessMirror'' is a daily business newspaper in the Philippines founded in 2005 by Antonio Cabangon Chua, who was also its publisher and the owner of radio network Aliw Broadcasting Corporation. As of September 2011, ''BusinessMirror'' has a daily circulation of 82,000. ABS-CBN agreement On April 30, 2014, ''BusinessMirror'' and ABS-CBN Integrated News and Current Affairs (consisting of ABS-CBN News Channel and its online affiliate, ABS-CBNnews.com) signed a content sharing/partnership agreement that will boost both entities to continue to deliver the credible business and economy news in the country. Officers of ''BusinessMirror'' and ABS-CBN News, including its news chief, Regina Reyes, witnessed the agreement signing. References External links *Media Ownership Monitor Philippines - Printby VERA Files and Reporters Without Borders Reporters Without Borders (RWB; french: Reporters sans frontières; RSF) is an international non-profit and non-governmental organiz ...
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Corporate Finance Institute
Corporate Finance Institute (CFI) is an online training and education platform for finance and investment professionals, providing courses and certifications in financial modeling, valuation, and other corporate finance topics. These are the skills CFI deems important for modern finance - such as Microsoft Excel, presentation and visuals - as well as underlying knowledge of accounting and business strategy. CFI is a provider of certification programs including Financial Modeling & Valuation Analyst (FMVA), Commercial Banking & Credit Analyst (CBCA), Capital Markets and Securities Analyst (CMSA), and Business Intelligence and Data Analyst (BIDA). All CFI courses are delivered online. The organization was incorporated as a joint venture with MDA Training (MDA), a London-based financial training company founded in 1988 by Professor Walter Reid, who was one of the founding professors of the London Business School (LBS). In 2021, Corporate Finance Institute acquired Macabacu ...
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Federation Of American Scientists
The Federation of American Scientists (FAS) is an American nonprofit global policy think tank with the stated intent of using science and scientific analysis to attempt to make the world more secure. FAS was founded in 1946 by scientists who worked on the Manhattan Project to develop the first atomic bombs. The Federation of American Scientists aims to reduce the amount of nuclear weapons that are in use, and prevent nuclear and radiological terrorism. They hope to present high standards for nuclear energy's safety and security, illuminate government secrecy practices, as well as track and eliminate the global illicit trade of conventional, nuclear, biological and chemical weapons. With 100 sponsors, the Federation of American Scientists says that it promotes a safer and more secure world by developing and advancing solutions to important science and technology security policy problems by educating the public and policy makers, and promoting transparency through research and ana ...
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Gross Domestic Product
Gross domestic product (GDP) is a money, monetary Measurement in economics, measure of the market value of all the final goods and services produced and sold (not resold) in a specific time period by countries. Due to its complex and subjective nature this measure is often revised before being considered a reliable indicator. List of countries by GDP (nominal) per capita, GDP (nominal) per capita does not, however, reflect differences in the cost of living and the inflation, inflation rates of the countries; therefore, using a basis of List of countries by GDP (PPP) per capita, GDP per capita at purchasing power parity (PPP) may be more useful when comparing standard of living, living standards between nations, while nominal GDP is more useful comparing national economies on the international market. Total GDP can also be broken down into the contribution of each industry or sector of the economy. The ratio of GDP to the total population of the region is the GDP per capita, p ...
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PSE Composite Index
The PSE Composite Index, commonly known previously as the PHISIX and currently as the PSEi, is a stock market index of the Philippine Stock Exchange consisting of 30 companies. As the PSE's only broad-base index, it is frequently seen as an indicator of the general state of the Philippine business climate, although its reliability as an indicator of the state of the broader Philippine economy has been put into question. The stock exchange regularly revises the list, at least twice a year. The PSE Composite Index is always composed of 30 stocks. Requirements The stock exchange maintains the following requirements for a stock to be included in the PSEi: * Minimum free float level of 20%. ** This was increased from 12% before 2018. * A company must also meet the liquidity and capitalization criteria. Formula The exchange uses the following formula to calculate for the index: \mathsf Where: n = Total number of component companies (30) \mathsf = Closing price of company i a ...
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Philippine Stock Exchange
The Philippine Stock Exchange, Inc. ( fil, Pamilihang Sapi ng Pilipinas; ) is the national stock exchange of the Philippines. The exchange was created in 1992 from the merger of the Manila Stock Exchange and the Makati Stock Exchange. Including previous forms, the exchange has been in operation since 1927. On a whole, the Philippine Stock Exchange has 275 listed companies. The main index for PSE is the PSE Composite Index (PSEi) composed of thirty (30) listed companies. The selection of companies in the PSEi is based on a specific set of criteria. There are also six additional sector-based indices. The PSE is overseen by a 15-member Board of Directors, chaired by José T. Pardo. History On February 3, 1936, the Securities and Exchange Commission announced that it had "relinquished control of the Manila Stock Exchange." The Philippine Stock Exchange was formed on December 23, 1995, from the merger of the Manila Stock Exchange (MSE) (established on August 12, 1927, based ...
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Philippine Peso
The Philippine peso, also referred to by its Tagalog name ''piso'' (Philippine English: , , plural pesos; tl, piso ; sign: ₱; code: PHP), is the official currency of the Philippines. It is subdivided into 100 ''sentimo'', also called centavos. The Philippine peso sign is denoted by the symbol "₱", introduced under American rule in place of the original peso sign "$" used throughout Spanish America. Alternative symbols used are "PHP", "PhP", "Php", or just "P". The monetary policy of the Philippines is conducted by the Bangko Sentral ng Pilipinas (BSP), established on July 3, 1993, as its central bank. It produces the country's banknotes and coins at its Security Plant Complex, which is set to move to New Clark City in Capas, Tarlac."Overview of the BSP"
Bangko Sentral ng Pilipinas (BSP) Official Website. Retrieved on October 1, ...
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1997 Asian Financial Crisis
The Asian financial crisis was a period of financial crisis that gripped much of East Asia and Southeast Asia beginning in July 1997 and raised fears of a worldwide economic meltdown due to financial contagion. However, the recovery in 1998–1999 was rapid and worries of a meltdown subsided. The crisis started in Thailand (known in Thailand as the ''Tom Yam Kung crisis''; th, วิกฤตต้มยำกุ้ง) on 2 July, with the financial collapse of the Thai baht after the Thai government was forced to float the baht due to lack of foreign currency to support its currency peg to the U.S. dollar. Capital flight ensued almost immediately, beginning an international chain reaction. At the time, Thailand had acquired a burden of foreign debt. As the crisis spread, most of Southeast Asia and later South Korea and Japan saw slumping currencies, devalued stock markets and other asset prices, and a precipitous rise in private debt. South Korea, Indonesia and Thailand were ...
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July 11
Events Pre-1600 * 472 – After being besieged in Rome by his own generals, Western Roman Emperor Anthemius is captured in St. Peter's Basilica and put to death. * 813 – Byzantine emperor Michael I, under threat by conspiracies, abdicates in favor of his general Leo the Armenian, and becomes a monk (under the name Athanasius). *911 – Signing of the Treaty of Saint-Clair-sur-Epte between Charles the Simple and Rollo of Normandy. * 1174 – Baldwin IV, 13, becomes King of Jerusalem, with Raymond III, Count of Tripoli as regent and William of Tyre as chancellor. * 1302 – Battle of the Golden Spurs (''Guldensporenslag'' in Dutch): A coalition around the Flemish cities defeats the king of France's royal army. * 1346 – Charles IV, Count of Luxembourg and King of Bohemia, is elected King of the Romans. *1405 – Ming admiral Zheng He sets sail to explore the world for the first time. * 1410 – Ottoman Interregnum: Süleyman Çelebi defeats ...
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Tarsier
Tarsiers ( ) are haplorhine primates of the family Tarsiidae, which is itself the lone extant family within the infraorder Tarsiiformes. Although the group was once more widespread, all of its species living today are found in Maritime Southeast Asia, specifically the Philippines, Malaysia, Indonesia, and Brunei.They are found primarily in forested habitats, especially forests that have liana, since the vine gives tarsiers vertical support when climbing trees. Evolutionary history Fossil record Fossils of tarsiiform primates are found in Asia, Europe, and North America, with disputed fossils from Africa, but extant tarsiers are restricted to several Southeast Asian islands in Indonesia, Philippines, and Malaysia. The fossil record indicates that their dentition has not changed much, except in size, in the past 45 million years. Within the family Tarsiidae, there are two extinct genera, '' Xanthorhysis'' and ''Afrotarsius''. However, the placement of ''Afrotarsius'' is not ce ...
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