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Philippines

Yearbook 2013

Philippines. The credit rating agency Fitch raised its credit rating for the Philippines in March so that the country for the first time received a so-called investment grade and no longer had debris status. According to Countryaah, the background was increased financial stability, ongoing reform work and growth that was at the top of the region. The new credit rating was expected to result in lower borrowing costs and attract new investors.

2013 Philippines

In May, midterm elections were held. More than 60 people were killed in violence during the election movement. President Benigno Aquino himself called the elections a referendum on his attempt to reform the political system and the underperforming economy. Aquino was very popular halfway into his six-year presidential term. An alliance led by his Liberal party also became the largest in the House of Representatives by a wide margin and gained a majority in the Senate. Former President Joseph Estrada, who was deposed in a popular uprising in 2001, was elected mayor of the capital Manila. Gloria Arroyo, also former president, was re-elected as a member of the House of Representatives, despite being detained on suspicion of corruption. Imelda Marcos, widow of the dictator Ferdinand Marcos, was also allowed to retain his place in the House of Representatives.

The diplomatic relations with Taiwan were disturbed after a Taiwanese fisherman was shot dead by the Coast Guard in May in water claimed by both countries. When the Philippines claimed that it was done in self-defense, Taiwan withdrew diplomatic representation and imposed financial sanctions. Relations were normalized only three months later, when the Philippines made a formal apology, promised compensation to the fisherman's relatives and promised to prosecute eight Coast Guard employees.

The government was reported in July to have reached an agreement with the MILF (Moro's Islamic Liberation Front), the largest Muslim rebel group in the country, to divide revenue from natural resources on the island of Mindanao so that the MILF would gain 75% from the extraction of, among other things. gold and copper. The settlement was part of the peace talks that started in 2012. Remaining to be resolved were questions of disarmament and how far the promised autonomy in a Muslim region in the south would go.

In September, rebels from the smaller Muslim rebel group MNLF (Moro's National Liberation Front) attacked residential areas in the million city of Zamboanga and took close to 200 residents hostage. For a couple of weeks, battles were fought that led to over 200 being killed, thousands of houses set on fire and at least 100,000 people driven from their homes. Eventually, the hostage was released or released and close to 300 rebels gave up.

A tropical cyclone with the highest wind speeds ever measured over land hit the Philippines in November. The typhoon Haiyan, or Yolanda, swept across the middle of the country, causing a humanitarian disaster. Villages and cities were destroyed and millions of people destroyed or destroyed their homes. After a month, 6,000 people had been found dead and many were still missing. Tacloban, the provincial capital of Leyte, was particularly hard hit.

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